Funding you earn now, next payment 04:00 UTC+0.0302%/8h= +33.1% APRnext payment +$1.51 per $10,000 · paid last 24h +0.059%
Price spread now: Gate against Orderly+0.097%7-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 +$9 a day on $10k at the current rate, and Gate is 0.097% dearer against Orderly than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETHFI_USDC | 0.7214 | −0.0202 | get 0.0101% / 4h | 2h 22m | $16K | $1K | 10x |
| Short | Gate ETHFI_USDT | 0.7221 | 0.0100 | get 0.0050% / 4h | 2h 22m | $1.7M | $2.0M | 75x |
Orderly PERP_ETHFI_USDC
Gate ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $63.42
- Price spread: +0.097% → 0.000%
- $9.7
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $52.12
- Costs to cover
- 0.210%
- Break-even
- 1.2 days
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago | 4.17 bp | 26.7 bp −$27 | 180.2 bp −$1,802 | 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 23 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0310% | 4h | 0.7202 | −0.166% | $89K | $169K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0202% | 4h | 0.7214 | long leg | $16K | $1K | 10x | |
| Deribit ETHFI_USDC-PERPETUAL | −0.0165% | 1h | 0.7219 | +0.069% | $41K | $13K | 10x | as long as short |
| Variational Omni ETHFI | −0.0014% | 4h | 0.7194 | −0.273% | $1.1M | $708K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.360% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0052% | 8h | 0.7209 | −0.074% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7230 | +0.227% | $1.1M | $887K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7231 | +0.236% | $18.2M | $8.3M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7220 | +0.089% | $184K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7218 | +0.061% | $25.1M | $36.1M | 75x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7221 | +0.097% | $18.2M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7223 | +0.125% | $5.1M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDTshort | +0.0100% | 4h | 0.7221 | +0.097% | $1.7M | $2.0M | 75x | |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7218 | +0.055% | $15.6M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7216 | +0.028% | $1.2M | $255K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7216 | +0.028% | $6.2M | $5.4M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7221 | +0.097% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7221 | +0.100% | $72K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7216 | +0.028% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7216 | +0.029% | $98K | $383K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7215 | +0.014% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7231 | +0.236% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0224% | 1h | 0.7222 | +0.108% | $274K | $181K | 20x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD