ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.005%

Price spread now: 01 Exchange against Bullet+0.098%50s7-day average −0.005% · 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−$250.251% of the position

Long on Bullet Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.431%−$43 · spread now +0.098%, 7d avg −0.005%

Together, before fees−0.442%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. 01 Exchange is 0.102% dearer against Bullet than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.005%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days. At the pace of the last 3 days (−0.011% in total) that is about 30 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ETH-USD	2,765.5	0.0018	pay 0.0002% / 1h	17m 37s	$184K	$1.7M	20x
Short	01 Exchange ETHUSD	2,768.2	−0.0032	pay 0.0004% / 1h	17m 37s	$169K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.098%Rate

Funding earned: −$10.45
Price spread: +0.098% → −0.005%: $10.24
Slippage, 4 orders: −$10.1
Fee Bullet: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$25.32
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from Bullet: live order book, 2 min ago; 01 Exchange: live order book, 2 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, 2 min ago	0.18 bp	5.2 bp −$5	7.8 bp −$78	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 2 min ago	0.54 bp	7.0 bp −$7	18.8 bp −$188	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
Injective ETH/USDC PERP	−0.0752%	1h	2,776.9	+0.412%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,768	+0.090%	$5.6M	$11.2M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,764.2	−0.046%	$340K	$6.3M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,768.1	+0.094%	$5K	$1K	50x	as long as short
01 Exchange ETHUSDshort	−0.0032%	1h	2,768.2	+0.098%	$169K	$1.1M	50x
Phoenix ETH	−0.0003%	1h	2,772	+0.235%	$873K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,768.3	+0.102%	$12.2M	$43.2M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,766.7	+0.043%	$22.3M	—	200x	as long as short
Bullet ETH-USDlong	+0.0018%	1h	2,765.5	long leg	$184K	$1.7M	20x
OKX ETH-USDT-SWAP	+0.0028%	8h	2,767.4	+0.070%	$1.71B	$11.14B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ETH-USD	+0.0028%	1h	2,766.6	+0.040%	$55.1M	$188.0M	40x	as long as short
Aster ETHUSDT	+0.0043%	8h	2,767	+0.054%	$256.2M	$885.8M	200x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0043% / S −0.0009%	1h	2,766.3	+0.030%	$12.7M	—	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,765.9	+0.015%	$5.0M	$165K	20x	as long as short
MEXC ETH_USDT	+0.0057%	8h	2,767.2	+0.062%	$1.61B	$2.65B	500x	as long as short
Binance ETHUSDT	+0.0058%	8h	2,767.3	+0.064%	$6.47B	$16.26B	150x	as long as short
Gate ETH_USDT	+0.0062%	8h	2,767.5	+0.072%	$3.38B	$9.06B	200x	as long as short
Aftermath Perps ETHUSD	+0.0069%	1h	2,770	+0.161%	$31K	$21K	20x	as long as short
Bitget ETHUSDT	+0.0076%	8h	2,767.5	+0.073%	$2.10B	$2.87B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,769	+0.126%	$60.3M	$4.42B	50x	as long as short
Vest ETH-PERP	+0.0081%	1h	2,764.7	−0.028%	—	$876K	50x	as long as short
HTX ETH-USDT	+0.0086%	8h	2,767	+0.055%	$1.07B	$1.25B	200x	as long as short
KuCoin ETHUSDTM	+0.0086%	8h	2,767.8	+0.084%	$420.5M	$604.6M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,768	+0.092%	$114.9M	$459.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,769.9	+0.161%	$25.6M	$111.8M	50x	as long as short
ApeX Omni ETHUSDT	+0.0098%	1h	2,768.2	+0.097%	$8.7M	$32.1M	100x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,770.6	+0.184%	$15.9M	$8.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,768	+0.090%	$488K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,763	−0.089%	$14.6M	$113.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,770.7	+0.188%	$3.16B	$2.19B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,768.1	+0.095%	$31.2M	$328.0M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,767.4	+0.070%	$2.51B	$4.33B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,766.9	+0.051%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,768.7	+0.114%	$2.8M	$16.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,763.5	−0.071%	$172.0M	$292.0M	25x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,767.3	+0.067%	—	$1.20B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,767.7	+0.080%	$15.1M	$42.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.5	+0.110%	$137.0M	$344.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,768.1	+0.094%	$181.7M	$785.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,768.8	+0.118%	$161.1M	$85.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,767.9	+0.087%	$21.4M	$64.0M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,764.4	−0.040%	$10.5M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,767.7	+0.080%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,768.7	+0.116%	$42.5M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,765.3	−0.008%	$969K	$13.0M	100x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,767.8	+0.085%	$269.4M	$67.3M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,766.7	+0.045%	$30.9M	$74.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,765.8	+0.009%	—	$36.1M	500x	as long as short
Kalshi KXETHPERP	+0.0109%	8h	2,765.7	+0.007%	$8.1M	$677.9M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,769.2	+0.132%	$97.8M	$320.5M	100x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,769.3	+0.136%	$252K	$1.5M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0155%	8h	2,769.8	+0.154%	$32.6M	$11.1M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0158%	1h	2,768.8	+0.118%	$259.1M	$203.4M	50x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,763.6	−0.071%	$287.3M	$178.3M	150x	as long as short
Reya ETHRUSDPERP	+0.0213%	1h	2,764.4	−0.040%	$7.3M	$1.1M	25x	as long as short