Funding you earn now, next payment 22:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.026%
Price spread now: Bitget against Derive−0.103%7-day average −0.057% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.103%, 7d avg −0.057%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.046% cheaper against Derive than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.057%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ETH-PERP | 2,778.4 | 0.0100 | pay 0.0013% / 1h | 18m 43s | $42.7M | $29.4M | 15x |
| Short | Bitget ETHUSDT | 2,775.5 | 0.0075 | get 0.0075% / 8h | 2h 18m | $2.10B | $3.13B | 150x |
Derive ETH-PERP
Bitget ETHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Derive. 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
- −$5.25
- Price spread: −0.103% → −0.057%
- −$4.59
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$27.84
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Bitget: live order book, 5 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 Derive no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 5 min ago | 0.02 bp | 6.0 bp −$6 | 6.0 bp −$60 | 7.4 bp −$737 | doesn't fit |
Derive: 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.
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 | −0.0112% | 43m | 2,776.2 | −0.080% | $289K | $6.9M | 8.3x | as long as short |
| Injective ETH/USDC PERP | −0.0107% | 1h | 2,776.6 | −0.065% | $119K | $22.5M | 52x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,776.7 | −0.061% | $5K | $2K | 50x | as long as short |
| 01 Exchange ETHUSD | −0.0056% | 1h | 2,776.3 | −0.076% | $172K | $1.2M | 50x | as long as short |
| Phoenix ETH | −0.0023% | 1h | 2,778.2 | −0.007% | $859K | $3.7M | 25x | as long as short |
| RISEx ETH/USDC | −0.0011% | 1h | 2,776.1 | −0.083% | $5.8M | $11.7M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,776.5 | −0.070% | $12.7M | $45.5M | 50x | as long as short |
| Aftermath Perps ETHUSD | +0.0002% | 1h | 2,775.6 | −0.100% | $29K | $22K | 20x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,776 | −0.088% | $22.4M | — | 200x | as long as short |
| Phemex ETHUSDT | +0.0012% | 8h | 2,776.1 | −0.084% | $267.3M | $66.0M | 150x | as long as short |
Perpl ETH
Injective ETH/USDC PERP
Hotstuff ETH-PERP
01 Exchange ETHUSD
Phoenix ETH
RISEx ETH/USDC
dYdX ETH-USD
Aftermath Perps ETHUSD
gTrade (Gains Network) ETH/USD
Phemex ETHUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETH-USDT-SWAP | +0.0022% | 8h | 2,775.3 | −0.111% | $1.71B | $11.91B | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0028% / S +0.0009% | 1h | 2,776 | −0.087% | $13.2M | — | 200x | as long as short |
| Aster ETHUSDT | +0.0038% | 8h | 2,775.5 | −0.103% | $256.7M | $995.2M | 200x | as long as short |
| ApeX Omni ETHUSDT | +0.0040% | 1h | 2,777.7 | −0.026% | $8.8M | $32.6M | 100x | as long as short |
| MEXC ETH_USDT | +0.0048% | 8h | 2,775.7 | −0.096% | $1.59B | $2.68B | 500x | as long as short |
| Aevo ETH-PERP | +0.0048% | 1h | 2,775.3 | −0.111% | $5.0M | $636K | 20x | as long as short |
| Binance ETHUSDT | +0.0049% | 8h | 2,775.7 | −0.096% | $6.44B | $17.21B | 150x | as long as short |
| Gate ETH_USDT | +0.0073% | 8h | 2,775.6 | −0.103% | $3.29B | $9.67B | 200x | as long as short |
| Bitget ETHUSDTshort | +0.0075% | 8h | 2,775.5 | −0.103% | $2.10B | $3.13B | 150x | |
| Deribit ETH-PERPETUAL | +0.0081% | 1h | 2,777.7 | −0.025% | $258.5M | $225.0M | 50x | as long as short |
| Bullet ETH-USD | +0.0082% | 1h | 2,775.9 | −0.090% | $184K | $1.8M | 20x | as long as short |
| Variational Omni ETH | +0.0096% | 8h | 2,776.8 | −0.059% | $141.1M | $320.7M | — | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,776.1 | −0.082% | $115.2M | $514.5M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,777.4 | −0.035% | $25.4M | $122.9M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,776.1 | −0.084% | — | $41.7M | 500x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,775.4 | −0.106% | $15.9M | $10.8M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,776.4 | −0.072% | $488K | $2.7M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,776.3 | −0.077% | $15.3M | $117.6M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,778.3 | −0.004% | $3.20B | $2.39B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,776.2 | −0.079% | $31.3M | $289.2M | 50x | as long as short |
| Bybit ETHUSDT | +0.0100% | 8h | 2,775.4 | −0.107% | $2.51B | $4.64B | 150x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,775.3 | −0.112% | $2.9M | $16.6M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,777.7 | −0.024% | $2.8M | $17.4M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,778.1 | −0.011% | $165.4M | $253.6M | 25x | as long as short |
| KuCoin ETHUSDTM | +0.0100% | 8h | 2,775.8 | −0.093% | $422.8M | $742.0M | 100x | as long as short |
| BingX ETH-USDT | +0.0100% | 8h | 2,775.5 | −0.105% | — | $1.18B | — | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,776.5 | −0.070% | $15.4M | $42.8M | 50x | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,777.5 | −0.032% | $178.5M | $793.2M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,777 | −0.049% | $161.6M | $97.3M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,777 | −0.050% | $21.4M | $57.7M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,776.8 | −0.057% | — | $1.1M | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,777.4 | −0.036% | $10.8M | $7.8M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,776.8 | −0.058% | $21K | $25K | 25x | as long as short |
| Derive ETH-PERPlong | +0.0100% | 1h | 2,778.4 | long leg | $42.7M | $29.4M | 15x | |
| SunX ETH-USDT | +0.0100% | 8h | 2,775.2 | −0.115% | $973K | $14.2M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,776.1 | −0.083% | $55.3M | $228.6M | 40x | as long as short |
| HTX ETH-USDT | +0.0100% | 8h | 2,775.7 | −0.097% | $1.08B | $1.32B | 200x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,775.1 | −0.118% | $31.4M | $75.9M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,777.9 | −0.017% | $60.1M | $4.63B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0120% | 8h | 2,777.2 | −0.043% | $8.5M | $674.1M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0133% | 8h | 2,778.8 | +0.015% | $32.6M | $12.0M | 100x | as long as short |
| BloFin ETH-USDT | +0.0169% | 8h | 2,776.1 | −0.084% | $284.2M | $195.8M | 150x | as long as short |
| Reya ETHRUSDPERP | +0.0183% | 1h | 2,775.9 | −0.090% | $7.4M | $1.1M | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0240% | 1h | 2,777.2 | −0.042% | $86.6M | $330.7M | 100x | as long as short |
| Hibachi ETH/USDT-P | +0.0440% | 1h | 2,778.5 | +0.005% | $283K | $1.5M | 20x | as long as short |
OKX ETH-USDT-SWAP
GMX ETH/USD [ETH-USDC]
Aster ETHUSDT
ApeX Omni ETHUSDT
MEXC ETH_USDT
Aevo ETH-PERP
Binance ETHUSDT
Gate ETH_USDT
Deribit ETH-PERPETUAL
Bullet ETH-USD
Variational Omni ETH
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Bybit ETHUSDT
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
KuCoin ETHUSDTM
BingX ETH-USDT
Backpack ETH_USDC_PERP
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
SunX ETH-USDT
SoDEX ETH-USD
HTX ETH-USDT
Extended ETH-USD
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Orderly PERP_ETH_USDC
BloFin ETH-USDT
Reya ETHRUSDPERP
Kraken Futures PF_ETHUSD
Hibachi ETH/USDT-P