Spread before costs (cost unknown: a leg has no order-book sample)+0.028%
7d average—if it closes, per $10,000$3funding while held, a day+$7.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETHFI_USDC | 0.7233 | −0.0138 | get 0.0069% / 4h | 1h 34m | $17K | $1K | 10x |
| Short | Polymarket Perps ETHFI-USD | 0.7235 | 0.0100 | get 0.0013% / 1h | 34m 11s | $49K | $55K | 5x |
Orderly PERP_ETHFI_USDC
Polymarket Perps ETHFI-USDPrice 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
- $2.77
- Funding while held
- $7.13
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$4.11
- Spread needed to break even
- 0.140%
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0238%
- Per $10,000 a day
- +$7.13
- 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 Polymarket Perps no order-book sample | — | — | — | — | — |
Orderly and Polymarket Perps: 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.BloFin0.7222cheapestHTX0.7225+0.042%Variational Omni0.7229+0.094%KuCoin0.7229+0.097%Aevo0.7230+0.110%Bitget0.7230+0.111%MEXC0.7231+0.125%BingX0.7231+0.125%Paradex0.7231+0.126%Binance0.7231+0.127%Extended0.7231+0.128%Bybit0.7232+0.138%OKX0.7233+0.152%
BloFin
HTX
Variational Omni
KuCoin
Aevo
Bitget
MEXC
BingX
Paradex
Binance
Extended
Bybit
OKXOrderly0.7233+0.152%
Aster0.7234+0.161%Gate0.7235+0.180%
Aster
GatePolymarket Perps0.7235+0.180%
Deribit0.7237+0.208%SunX0.7238+0.222%Coinbase International0.7240+0.249%Kraken Futures0.7240+0.254%Lighter0.7243+0.296%Hyperliquid0.7247+0.342%Injective0.7441+3.032%
Deribit
SunX
Coinbase International
Kraken Futures
Lighter
Hyperliquid
InjectiveETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin ETHFI-USDT | −0.152% | +0.0340% | 4h | $1.3M | $294K | 75x | as long as short |
| HTX ETHFI-USDT | −0.111% | −0.0094% | 4h | $84K | $153K | 20x | as long as short |
| Variational Omni ETHFI | −0.059% | −0.0089% | 4h | $1.1M | $777K | — | as long as short |
| KuCoin ETHFIUSDTM | −0.055% | +0.0100% | 4h | $1.2M | $264K | 50x | as long as short |
| Aevo ETHFI-PERP | −0.043% | +0.0104% | 1h | $9K | — | 3x | as long as short |
| Bitget ETHFIUSDT | −0.041% | −0.0014% | 4h | $6.2M | $5.5M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.028% | +0.0100% | 4h | $15.2M | $3.7M | 125x | as long as short |
| BingX ETHFI-USDT | −0.028% | +0.0100% | 4h | — | $25.9M | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.027% | −0.0062% | 8h | $6K | — | 5x | as long as short |
| Binance ETHFIUSDT | −0.026% | +0.0100% | 4h | $25.4M | $35.2M | 75x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended ETHFI-USD | −0.024% | +0.0104% | 1h | $96K | $484K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.014% | −0.0103% | 4h | $18.6M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | 0.000% | +0.0100% | 4h | $4.9M | $12.1M | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | 0.000% | −0.0138% | 4h | $17K | $1K | 10x | |
| Aster ETHFIUSDT | +0.009% | +0.0100% | 4h | $183K | $238K | 10x | as long as short |
| Gate ETHFI_USDT | +0.028% | +0.0100% | 4h | $1.7M | $2.0M | 75x | as long as short |
| Polymarket Perps ETHFI-USDshort | +0.028% | +0.0100% | 1h | $49K | $55K | 5x | |
| Deribit ETHFI_USDC-PERPETUAL | +0.055% | 0.0000% | 1h | $44K | $18K | 10x | as long as short |
| SunX ETHFI-USDT | +0.069% | +0.0100% | 4h | $2K | $1.0M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.097% | +0.0464% | 1h | $32K | $9K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.102% | −0.0346% | 1h | $281K | $173K | 20x | as long as short |
| Lighter ETHFI | +0.144% | +0.0096% | 1h | $1.2M | $678K | 5x | as long as short |
| Hyperliquid ETHFI | +0.189% | +0.0100% | 1h | $19.7M | $7.3M | 5x | as long as short |
| Injective ETHFI/USDC PERP | +2.876% | +0.0033% | 1h | $330 | $56K | 5.5x | as long as short |