ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0239%/8h= −26.2% APRnext payment −$0.30 per $10,000 · paid last 24h +0.009%

Price spread now: RISEx against Bullet+0.031%48s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.186% of the position

Long on Bullet Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.056%+$6 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.031%, 7d avg −0.006%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.037% dearer against Bullet than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.006%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 3 days funding on this pair paid +0.056%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.056% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ETH-USD	2,775.1	0.0033	pay 0.0004% / 1h	0m 35s	$182K	$1.7M	20x
Short	RISEx ETH/USDC	2,776	−0.0206	pay 0.0026% / 1h	0m 35s	$5.6M	$11.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bullet. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BulletbpFee RISExbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$50.15
Price spread: +0.031% → −0.006%: $3.68
Slippage, 4 orders: −$4.63
Fee Bullet: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$65.1
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from Bullet: live order book, 4 min ago; RISEx: live order book, 4 min ago.

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 Bullet live order book, 4 min ago	0.36 bp	6.5 bp −$7	8.9 bp −$89	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.02 bp	3.1 bp −$3	3.5 bp −$35	doesn't fit	doesn't fit

ETH on 55 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
Perpl ETH	−0.0223%	43m	2,774.9	−0.009%	$286K	$6.9M	8.3x	as long as short
RISEx ETH/USDCshort	−0.0206%	1h	2,776	+0.031%	$5.6M	$11.9M	25x
Injective ETH/USDC PERP	−0.0088%	1h	2,762.1	−0.469%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,776.3	+0.042%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0008%	1h	2,776	+0.032%	$168K	$1.2M	50x	as long as short
ApeX Omni ETHUSDT	−0.0007%	1h	2,775.8	+0.023%	$8.7M	$32.9M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,777.3	+0.078%	$12.7M	$45.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,775.9	+0.028%	$8.2M	$689.1M	4.9x	as long as short
Phoenix ETH	+0.0003%	1h	2,776	+0.032%	$877K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,776.7	+0.057%	$22.4M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0021%	8h	2,775.8	+0.023%	$1.71B	$11.91B	100x	as long as short
Phemex ETHUSDT	+0.0023%	8h	2,776.1	+0.037%	$270.5M	$68.7M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,776.4	+0.045%	$12.8M	—	200x	as long as short
SoDEX ETH-USD	+0.0028%	1h	2,776.4	+0.046%	$55.3M	$228.8M	40x	as long as short
Bullet ETH-USDlong	+0.0033%	1h	2,775.1	long leg	$182K	$1.7M	20x
Aftermath Perps ETHUSD	+0.0033%	1h	2,773.6	−0.054%	$29K	$22K	20x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,775.8	+0.024%	$256.2M	$1.00B	200x	as long as short
MEXC ETH_USDT	+0.0056%	8h	2,775.9	+0.027%	$1.62B	$2.67B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,773.6	−0.054%	$5.0M	$636K	20x	as long as short
Binance ETHUSDT	+0.0056%	8h	2,775.5	+0.012%	$6.47B	$17.28B	150x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,775.9	+0.028%	$2.11B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0067%	8h	2,775.8	+0.025%	$3.29B	$9.71B	200x	as long as short
Deribit ETH-PERPETUAL	+0.0074%	1h	2,778.1	+0.107%	$259.1M	$222.1M	50x	as long as short
KuCoin ETHUSDTM	+0.0080%	8h	2,776.3	+0.042%	$423.1M	$738.8M	100x	as long as short
Bybit ETHUSDT	+0.0087%	8h	2,775.6	+0.018%	$2.51B	$4.62B	150x	as long as short
BingX ETH-USDC	+0.0088%	8h	2,775.2	+0.002%	—	$17.5M	—	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,778.3	+0.113%	$60.7M	$4.60B	50x	as long as short
Nado ETH-PERP	+0.0092%	1h	2,774.1	−0.037%	$14.4M	$118.2M	50x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,775.9	+0.029%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,776.4	+0.046%	$115.3M	$502.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,777.9	+0.100%	$25.3M	$122.2M	50x	as long as short
Vest ETH-PERP	+0.0097%	1h	2,775.2	+0.004%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,776.2	+0.038%	$16.0M	$10.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,775.7	+0.021%	$483K	$2.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,778.3	+0.114%	$3.18B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,776.4	+0.045%	$31.3M	$316.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,775.4	+0.010%	$2.8M	$17.4M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,776.7	+0.056%	$2.7M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.4	−0.206%	$169.4M	$262.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,776.6	+0.052%	$15.1M	$44.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,773.8	−0.047%	$151.5M	$345.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,775	−0.005%	$182.2M	$785.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.2	−0.176%	$161.1M	$89.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,774.6	−0.019%	$21.5M	$58.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,775.4	+0.010%	$10.6M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,776.8	+0.061%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,779	+0.139%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,773.7	−0.050%	$973K	$13.9M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,775.2	+0.004%	$32.5M	$78.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,775.1	+0.001%	—	$43.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,777.9	+0.101%	$90.9M	$338.7M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0145%	8h	2,779	+0.141%	$32.7M	$12.2M	100x	as long as short
BloFin ETH-USDT	+0.0176%	8h	2,776.5	+0.049%	$287.4M	$193.9M	150x	as long as short
Hibachi ETH/USDT-P	+0.0192%	1h	2,775.9	+0.029%	$253K	$1.6M	20x	as long as short
Reya ETHRUSDPERP	+0.0206%	1h	2,774.8	−0.011%	$7.4M	$1.2M	25x	as long as short