Funding you earn now, next payment 08:00 UTC+0.0375%/8h= +41.0% APRnext payment +$1.87 per $10,000 · paid last 24h +0.073%
Price spread now: KuCoin against Orderly+0.144%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 +$11 a day on $10k at the current rate, and KuCoin is 0.144% dearer against Orderly than usual: you sell high and buy low: +$14 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 | 0.6961 | −0.0275 | get 0.0137% / 4h | 1h 54m | $16K | $1K | 10x |
| Short | KuCoin ETHFIUSDTM | 0.6971 | 0.0100 | get 0.0050% / 4h | 1h 54m | $1.2M | $228K | 50x |
Orderly PERP_ETHFI_USDC
KuCoin ETHFIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $78.68
- Price spread: +0.144% → 0.000%
- $14.37
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $75.05
- Costs to cover
- 0.180%
- Break-even
- 0.3 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago | 7.82 bp | 61.3 bp −$61 | 173.5 bp −$1,735 | 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 | −0.0611% | 1h | 0.6964 | +0.043% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0342% | 4h | 0.6958 | −0.043% | $81K | $171K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0275% | 4h | 0.6961 | long leg | $16K | $1K | 10x | |
| Variational Omni ETHFI | −0.0160% | 4h | 0.6993 | +0.464% | $928K | $782K | — | as long as short |
| Bybit ETHFIUSDT | −0.0088% | 4h | 0.6962 | +0.014% | $17.3M | $13.0M | 25x | as long as short |
| Extended ETHFI-USD | −0.0048% | 1h | 0.6958 | −0.040% | $96K | $500K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0047% | 4h | 0.6957 | −0.057% | $24.2M | $35.8M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0044% | 4h | 0.6961 | 0.000% | $15.5M | $4.1M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0022% | 8h | 0.6965 | +0.056% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.008% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Variational Omni ETHFI
Bybit ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6960 | −0.014% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6967 | +0.086% | $1.1M | $829K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6963 | +0.033% | $16.8M | $8.5M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6970 | +0.129% | $178K | $261K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6965 | +0.057% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6969 | +0.115% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTMshort | +0.0100% | 4h | 0.6971 | +0.144% | $1.2M | $228K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6961 | 0.000% | $6.0M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6962 | +0.014% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6966 | +0.075% | $63K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6967 | +0.086% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0195% | 4h | 0.6974 | +0.187% | $1.2M | $240K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.7066 | +1.508% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1686% | 1h | 0.6976 | +0.222% | $286K | $292K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD