Spread before costs (cost unknown: a leg has no order-book sample)+0.405%
7d average—if it closes, per $10,000$41funding while held, a day+$2.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETHFI_USDC | 0.7266 | −0.0101 | get 0.0051% / 4h | 3h 59m | $17K | $66 | 10x |
| Short | Kraken Futures PF_ETHFIUSD | 0.7295 | −0.0028 | pay 0.0003% / 1h | 59m 28s | $280K | $191K | 20x |
Orderly PERP_ETHFI_USDC
Kraken Futures PF_ETHFIUSDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $40.53
- Funding while held
- $2.2
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $26.72
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 50 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0073%
- Per $10,000 a day
- +$2.20
- Average in range /8h
- —
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 Kraken Futures live order book, 50 min ago | 35.00 bp | 51.0 bp −$51 | 134.8 bp −$1,348 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.7261cheapestBitget0.7262+0.020%Extended0.7263+0.032%MEXC0.7263+0.034%Binance0.7264+0.048%Bybit0.7265+0.061%Aevo0.7265+0.061%BloFin0.7265+0.061%Gate0.7266+0.075%BingX0.7266+0.075%
Variational Omni
Bitget
Extended
MEXC
Binance
Bybit
Aevo
BloFin
Gate
BingXOrderly0.7266+0.075%
OKX0.7268+0.103%Paradex0.7269+0.117%Polymarket Perps0.7271+0.139%KuCoin0.7271+0.144%Aster0.7274+0.185%HTX0.7278+0.241%Hyperliquid0.7280+0.264%Deribit0.7282+0.296%Lighter0.7285+0.330%SunX0.7289+0.392%Coinbase International0.7291+0.420%
OKX
Paradex
Polymarket Perps
KuCoin
Aster
HTX
Hyperliquid
Deribit
Lighter
SunX
Coinbase InternationalKraken Futures0.7295+0.481%
Injective0.7441+2.486%
InjectiveETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ETHFI | −0.075% | +0.0100% | 4h | $1.1M | $857K | — | as long as short |
| Bitget ETHFIUSDT | −0.055% | +0.0100% | 4h | $6.2M | $5.7M | 75x | as long as short |
| Extended ETHFI-USD | −0.043% | +0.0104% | 1h | $97K | $479K | 10x | as long as short |
| MEXC ETHFI_USDT | −0.041% | +0.0100% | 4h | $16.0M | $3.9M | 125x | as long as short |
| Binance ETHFIUSDT | −0.028% | +0.0100% | 4h | $25.7M | $36.8M | 75x | as long as short |
| Bybit ETHFIUSDT | −0.014% | +0.0100% | 4h | $18.9M | $13.2M | 25x | as long as short |
| Aevo ETHFI-PERP | −0.014% | +0.0104% | 1h | $9K | — | 3x | as long as short |
| BloFin ETHFI-USDT | −0.014% | +0.0340% | 4h | $1.4M | $275K | 75x | as long as short |
| Gate ETHFI_USDT | 0.000% | +0.0054% | 4h | $1.7M | $1.9M | 75x | as long as short |
| BingX ETHFI-USDC | 0.000% | +0.0100% | 4h | — | $1.2M | — | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_ETHFI_USDClong | 0.000% | −0.0101% | 4h | $17K | $66 | 10x | |
| OKX ETHFI-USDT-SWAP | +0.028% | −0.0123% | 4h | $4.9M | $12.4M | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.042% | −0.0027% | 8h | $6K | — | 5x | as long as short |
| Polymarket Perps ETHFI-USD | +0.063% | +0.0100% | 1h | $48K | $52K | 5x | as long as short |
| KuCoin ETHFIUSDTM | +0.069% | +0.0100% | 4h | $1.2M | $274K | 50x | as long as short |
| Aster ETHFIUSDT | +0.110% | +0.0100% | 4h | $186K | $251K | 10x | as long as short |
| HTX ETHFI-USDT | +0.165% | −0.0079% | 4h | $84K | $160K | 20x | as long as short |
| Hyperliquid ETHFI | +0.189% | +0.1175% | 1h | $19.8M | $7.1M | 5x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | +0.220% | −0.0573% | 1h | $46K | $17K | 10x | as long as short |
| Lighter ETHFI | +0.255% | +0.0096% | 1h | $1.3M | $550K | 5x | as long as short |
| SunX ETHFI-USDT | +0.317% | +0.0100% | 4h | $2K | $1.0M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.344% | +0.0184% | 1h | $32K | $58K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | +0.405% | −0.0028% | 1h | $280K | $191K | 20x | |
| Injective ETHFI/USDC PERP | +2.408% | +0.0033% | 1h | $330 | $56K | 5.5x | as long as short |