ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.070%

Price spread now: Bybit against Orderly−0.072%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Bybit is 0.072% cheaper against Orderly than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ETHFI_USDC	0.6965	−0.0252	get 0.0126% / 4h	3h 02m	$16K	$1K	10x
Short	Bybit ETHFIUSDT	0.6960	−0.0167	pay 0.0084% / 4h	3h 02m	$17.4M	$12.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BybitbpOrdersPrice spread, now −0.072%Rate

Funding earned: $17.87
Price spread: −0.072% → 0.000%: −$7.18
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.31
Costs to cover: 0.170%
Break-even: 9.5 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.43 bp	18.4 bp −$18	45.2 bp −$452	doesn't fit	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	−0.0610%	1h	0.6967	+0.029%	$40K	$10K	10x	as long as short
HTX ETHFI-USDT	−0.0315%	4h	0.6962	−0.043%	$81K	$182K	20x	as long as short
Kraken Futures PF_ETHFIUSD	−0.0308%	1h	0.6972	+0.102%	$257K	$215K	20x	as long as short
Orderly PERP_ETHFI_USDClong	−0.0252%	4h	0.6965	long leg	$16K	$1K	10x
Bybit ETHFIUSDTshort	−0.0167%	4h	0.6960	−0.072%	$17.4M	$12.6M	25x
Variational Omni ETHFI	−0.0040%	4h	0.6993	+0.406%	$976K	$701K	—	as long as short
Binance ETHFIUSDT	+0.0019%	4h	0.6958	−0.107%	$24.1M	$35.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0020%	4h	0.6957	−0.115%	$15.7M	$4.1M	125x	as long as short
Extended ETHFI-USD	+0.0024%	1h	0.6953	−0.172%	$101K	$494K	10x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+3.948%	$321	$51K	5.5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ETHFI-USD-PERP	+0.0045%	8h	0.6959	−0.084%	$6K	—	5x	as long as short
Aster ETHFIUSDT	+0.0082%	4h	0.6969	+0.056%	$178K	$249K	10x	as long as short
BloFin ETHFI-USDT	+0.0086%	4h	0.6970	+0.072%	$1.2M	$240K	75x	as long as short
Aevo ETHFI-PERP	+0.0088%	1h	0.6962	−0.045%	$8K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.6967	+0.036%	$1.1M	$841K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6962	−0.045%	$17.1M	$8.2M	5x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6964	−0.014%	$5.0M	$12.2M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6961	−0.057%	$1.7M	$2.0M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6965	0.000%	$1.2M	$228K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6963	−0.029%	$6.0M	$5.2M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.6958	−0.101%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6972	+0.101%	$64K	$125K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6974	+0.129%	$1K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0544%	1h	0.7054	+1.278%	$31K	$6K	50x	as long as short