Funding you earn now, next payment 04:00 UTC+0.0301%/8h= +32.9% APRnext payment +$1.50 per $10,000 · paid last 24h +0.045%
Price spread now: OKX against Orderly+0.028%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 OKX is 0.028% dearer against Orderly than usual: you sell high and buy low: +$3 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 | 0.7189 | −0.0201 | get 0.0100% / 4h | 3h 29m | $16K | $1K | 10x |
| Short | OKX ETHFI-USDT-SWAP | 0.7191 | 0.0100 | get 0.0050% / 4h | 3h 29m | $5.0M | $12.5M | 20x |
Orderly PERP_ETHFI_USDC
OKX ETHFI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $63.15
- Price spread: +0.028% → 0.000%
- $2.78
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $49.93
- Costs to cover
- 0.160%
- Break-even
- 1.5 days
Slippage unknown: Orderly: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago | 1.39 bp | 14.6 bp −$15 | 42.8 bp −$428 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0966% | 4h | 0.7178 | −0.153% | $83K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0306% | 1h | 0.7194 | +0.070% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0201% | 4h | 0.7189 | long leg | $16K | $1K | 10x | |
| Variational Omni ETHFI | −0.0061% | 4h | 0.7188 | −0.015% | $1.0M | $728K | — | as long as short |
| Bybit ETHFIUSDT | −0.0036% | 4h | 0.7195 | +0.083% | $18.2M | $12.8M | 25x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0034% | 8h | 0.7187 | −0.029% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.709% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0042% | 4h | 0.7191 | +0.028% | $15.4M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0045% | 4h | 0.7191 | +0.028% | $25.1M | $36.8M | 75x | as long as short |
| Extended ETHFI-USD | +0.0048% | 1h | 0.7187 | −0.024% | $100K | $426K | 10x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Variational Omni ETHFI
Bybit ETHFIUSDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7190 | +0.014% | $9K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7201 | +0.172% | $1.1M | $894K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7199 | +0.140% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7196 | +0.092% | $184K | $258K | 10x | as long as short |
| OKX ETHFI-USDT-SWAPshort | +0.0100% | 4h | 0.7191 | +0.028% | $5.0M | $12.5M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7196 | +0.097% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7191 | +0.028% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7189 | 0.000% | $6.1M | $5.6M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7193 | +0.056% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7191 | +0.025% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7196 | +0.097% | $2K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.668% | $32K | $6K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0170% | 4h | 0.7187 | −0.028% | $1.3M | $272K | 75x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0220% | 1h | 0.7199 | +0.142% | $274K | $164K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT
Kraken Futures PF_ETHFIUSD