Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: Bluefin against Derive−0.052%7-day average — · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.052% cheaper against Derive than usual: you would sell low and buy high, −$5 on $10k if it 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 | Derive ETH-PERP | 2,765.8 | 0.0100 | pay 0.0013% / 1h | 39m 04s | $42.7M | $29.3M | 15x |
| Short | Bluefin ETH-PERP | 2,764.4 | 0.0100 | get 0.0013% / 1h | 39m 04s | $21K | $25K | 25x |
Derive ETH-PERP
Bluefin ETH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin 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
- $0
- Price spread: −0.052% → 0.000%
- −$5.21
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$18.21
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Bluefin: no order-book sample. 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 Bluefin no order-book sample | — | — | — | — | — |
Derive and Bluefin: 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 | 2,764.5 | −0.050% | $288K | $6.8M | 8.3x | as long as short |
| Injective ETH/USDC PERP | −0.0107% | 1h | 2,766.1 | +0.010% | $119K | $22.5M | 52x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,766.1 | +0.010% | $5K | $2K | 50x | as long as short |
| ApeX Omni ETHUSDT | −0.0072% | 1h | 2,765.2 | −0.021% | $10.4M | $30.9M | 100x | as long as short |
| 01 Exchange ETHUSD | −0.0064% | 1h | 2,763.3 | −0.091% | $171K | $1.2M | 50x | as long as short |
| Phoenix ETH | −0.0023% | 1h | 2,766.8 | +0.035% | $794K | $3.7M | 25x | as long as short |
| RISEx ETH/USDC | −0.0011% | 1h | 2,763.2 | −0.093% | $5.8M | $11.9M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,765.9 | +0.003% | $12.7M | $45.5M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,764.2 | −0.059% | $22.3M | — | 200x | as long as short |
| OKX ETH-USDT-SWAP | +0.0022% | 8h | 2,762.6 | −0.118% | $1.70B | $11.81B | 100x | as long as short |
Perpl ETH
Injective ETH/USDC PERP
Hotstuff ETH-PERP
ApeX Omni ETHUSDT
01 Exchange ETHUSD
Phoenix ETH
RISEx ETH/USDC
dYdX ETH-USD
gTrade (Gains Network) ETH/USD
OKX ETH-USDT-SWAPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps ETHUSD | +0.0023% | 1h | 2,768.6 | +0.099% | $29K | $21K | 20x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0028% / S +0.0009% | 1h | 2,764.1 | −0.061% | $13.0M | — | 200x | as long as short |
| Phemex ETHUSDT | +0.0030% | 8h | 2,763.3 | −0.090% | $265.9M | $66.0M | 150x | as long as short |
| Aster ETHUSDT | +0.0039% | 8h | 2,762.9 | −0.107% | $255.4M | $995.8M | 200x | as long as short |
| MEXC ETH_USDT | +0.0044% | 8h | 2,762.9 | −0.104% | $1.61B | $2.64B | 500x | as long as short |
| Binance ETHUSDT | +0.0045% | 8h | 2,762.9 | −0.105% | $6.42B | $17.19B | 150x | as long as short |
| Aevo ETH-PERP | +0.0048% | 1h | 2,761.3 | −0.164% | $5.0M | $636K | 20x | as long as short |
| Gate ETH_USDT | +0.0062% | 8h | 2,763 | −0.102% | $3.29B | $9.59B | 200x | as long as short |
| Deribit ETH-PERPETUAL | +0.0068% | 1h | 2,764.9 | −0.034% | $258.4M | $224.4M | 50x | as long as short |
| Bitget ETHUSDT | +0.0074% | 8h | 2,762.8 | −0.109% | $2.09B | $3.13B | 150x | as long as short |
| Bullet ETH-USD | +0.0085% | 1h | 2,763.3 | −0.090% | $183K | $1.8M | 20x | as long as short |
| Variational Omni ETH | +0.0091% | 8h | 2,765.4 | −0.016% | $140.3M | $319.1M | — | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,763.5 | −0.084% | $115.2M | $510.8M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,764.9 | −0.034% | $25.3M | $122.0M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,763.9 | −0.069% | — | $41.7M | 500x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,763.6 | −0.079% | $15.9M | $10.9M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,763.5 | −0.084% | $479K | $2.7M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,763.5 | −0.082% | $14.8M | $116.5M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,765.7 | −0.004% | $3.18B | $2.38B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,764.6 | −0.044% | $31.1M | $285.6M | 50x | as long as short |
| Bybit ETHUSDT | +0.0100% | 8h | 2,762.7 | −0.111% | $2.50B | $4.64B | 150x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,764.6 | −0.044% | $2.8M | $16.5M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,765.4 | −0.016% | $2.7M | $17.5M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,765.5 | −0.010% | $164.9M | $254.7M | 25x | as long as short |
| KuCoin ETHUSDTM | +0.0100% | 8h | 2,763.4 | −0.088% | $424.0M | $742.7M | 100x | as long as short |
| BingX ETH-USDC | +0.0100% | 8h | 2,762.8 | −0.110% | — | $17.3M | — | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,763.3 | −0.092% | $15.3M | $42.4M | 50x | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,765.4 | −0.016% | $177.8M | $790.5M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,765.7 | −0.004% | $160.8M | $97.4M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,766.5 | +0.025% | $21.4M | $57.7M | 40x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,764.8 | −0.037% | $10.8M | $7.8M | 50x | as long as short |
| Bluefin ETH-PERPshort | +0.0100% | 1h | 2,764.4 | −0.052% | $21K | $25K | 25x | |
| Derive ETH-PERPlong | +0.0100% | 1h | 2,765.8 | long leg | $42.7M | $29.3M | 15x | |
| SunX ETH-USDT | +0.0100% | 8h | 2,764.6 | −0.046% | $969K | $14.3M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,763 | −0.102% | $55.0M | $228.6M | 40x | as long as short |
| HTX ETH-USDT | +0.0100% | 8h | 2,762.9 | −0.105% | $1.07B | $1.32B | 200x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,764.7 | −0.040% | — | $1.1M | 50x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,762.9 | −0.107% | $31.4M | $76.2M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,764.6 | −0.044% | $60.0M | $4.62B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0117% | 8h | 2,764.7 | −0.040% | $8.6M | $672.5M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0131% | 8h | 2,766.1 | +0.011% | $32.5M | $11.9M | 100x | as long as short |
| BloFin ETH-USDT | +0.0165% | 8h | 2,763.1 | −0.098% | $285.6M | $194.7M | 150x | as long as short |
| Reya ETHRUSDPERP | +0.0187% | 1h | 2,762.4 | −0.123% | $7.4M | $986K | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0241% | 1h | 2,764.3 | −0.057% | $88.2M | $330.2M | 100x | as long as short |
| Hibachi ETH/USDT-P | +0.0416% | 1h | 2,767.9 | +0.075% | $272K | $1.5M | 20x | as long as short |
Aftermath Perps ETHUSD
GMX ETH/USD [ETH-USDC]
Phemex ETHUSDT
Aster ETHUSDT
MEXC ETH_USDT
Binance ETHUSDT
Aevo ETH-PERP
Gate ETH_USDT
Deribit ETH-PERPETUAL
Bitget ETHUSDT
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-USDC
Backpack ETH_USDC_PERP
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Polymarket Perps ETH-USD
SunX ETH-USDT
SoDEX ETH-USD
HTX ETH-USDT
Vest ETH-PERP
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