Funding you earn now, next payment 00:00 UTC+0.0482%/8h= +52.8% APRnext payment +$2.41 per $10,000 · paid last 24h +0.125%
Price spread now: BloFin against Orderly+0.198%112s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and BloFin is 0.198% dearer against Orderly than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETHFI_USDC | 0.7083 | −0.0174 | get 0.0087% / 4h | 2h 05m | $16K | $1K | 10x |
| Short | BloFin ETHFI-USDT | 0.7097 | 0.0308 | get 0.0154% / 4h | 2h 05m | $1.3M | $292K | 75x |
Orderly PERP_ETHFI_USDC
BloFin ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $101.3
- Price spread: +0.198% → 0.000%
- $19.77
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $103.06
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 2 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Orderly no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 2 min ago | 1.41 bp | 7.4 bp −$7 | 19.6 bp −$196 | 66.2 bp −$6,619 | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ETHFI on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0737% | 1h | 0.7086 | +0.042% | $41K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0251% | 4h | 0.7084 | +0.014% | $82K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0215% | 1h | 0.7092 | +0.127% | $279K | $145K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0174% | 4h | 0.7083 | long leg | $16K | $1K | 10x | |
| Paradex ETHFI-USD-PERP | +0.0030% | 8h | 0.7081 | −0.022% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.217% | $321 | $51K | 5.5x | as long as short |
| Bitget ETHFIUSDT | +0.0034% | 4h | 0.7081 | −0.028% | $6.0M | $5.7M | 75x | as long as short |
| Binance ETHFIUSDT | +0.0071% | 4h | 0.7081 | −0.028% | $24.6M | $37.1M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0076% | 4h | 0.7081 | −0.028% | $15.0M | $3.9M | 125x | as long as short |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7081 | −0.025% | $92K | $495K | 10x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Bitget ETHFIUSDT
Binance ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7091 | +0.116% | $1.1M | $909K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7088 | +0.075% | $18.0M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7094 | +0.155% | $181K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7087 | +0.056% | $18.1M | $12.8M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7084 | +0.014% | $4.9M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7086 | +0.042% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7094 | +0.155% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7087 | +0.056% | — | $25.9M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7087 | +0.052% | $1.0M | $739K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7086 | +0.048% | $59K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7091 | +0.113% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7085 | +0.028% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7165 | +1.158% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDTshort | +0.0308% | 4h | 0.7097 | +0.198% | $1.3M | $292K | 75x |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX