Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Extended against Derive−0.044%7-day average −0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.044%, 7d avg −0.090%
=Together, before fees−0.076%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.047% dearer against Derive than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ETH-PERP | 2,778.9 | 0.0100 | pay 0.0013% / 1h | 0m 43s | $42.8M | $29.4M | 15x |
| Short | Extended ETH-USD | 2,777.7 | 0.0104 | get 0.0013% / 1h | 0m 43s | $32.6M | $77.5M | 50x |
Derive ETH-PERP
Extended ETH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.044% → −0.090%
- $4.68
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$5.48
- Costs to cover
- 0.110%
- Break-even
- 52.7 days
Slippage unknown: Derive: no order-book sample; Extended: live order book, 3 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 Extended live order book, 3 min ago | 0.18 bp | 2.7 bp −$3 | 2.7 bp −$27 | 3.4 bp −$345 | 10.1 bp −$5,058 |
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 | −0.0447% | 43m | 2,776.6 | −0.085% | $288K | $6.9M | 8.3x | as long as short |
| RISEx ETH/USDC | −0.0085% | 1h | 2,778.3 | −0.025% | $5.7M | $11.9M | 25x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,779.3 | +0.013% | $5K | $2K | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0041% | 1h | 2,771.7 | −0.260% | $119K | $22.5M | 52x | as long as short |
| 01 Exchange ETHUSD | −0.0040% | 1h | 2,778.3 | −0.023% | $169K | $1.2M | 50x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,779.4 | +0.016% | $12.7M | $45.9M | 50x | as long as short |
| Phoenix ETH | 0.0000% | 1h | 2,775.6 | −0.120% | $885K | $3.7M | 25x | as long as short |
| Aftermath Perps ETHUSD | 0.0000% | 1h | 2,775.9 | −0.109% | $29K | $22K | 20x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,777.5 | −0.052% | $22.4M | — | 200x | as long as short |
| BingX ETH-USDT | +0.0014% | 8h | 2,778.3 | −0.022% | — | $1.21B | — | as long as short |
Perpl ETH
RISEx ETH/USDC
Hotstuff ETH-PERP
Injective ETH/USDC PERP
01 Exchange ETHUSD
dYdX ETH-USD
Phoenix ETH
Aftermath Perps ETHUSD
gTrade (Gains Network) ETH/USD
BingX ETH-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETH-USDT-SWAP | +0.0018% | 8h | 2,778.3 | −0.024% | $1.70B | $11.88B | 100x | as long as short |
| Bullet ETH-USD | +0.0022% | 1h | 2,776.2 | −0.099% | $182K | $1.7M | 20x | as long as short |
| Phemex ETHUSDT | +0.0023% | 8h | 2,776.9 | −0.074% | $270.5M | $68.8M | 150x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0027% / S +0.0009% | 1h | 2,777.2 | −0.061% | $12.9M | — | 200x | as long as short |
| Aster ETHUSDT | +0.0033% | 8h | 2,778.1 | −0.029% | $254.8M | $995.5M | 200x | as long as short |
| Deribit ETH-PERPETUAL | +0.0034% | 1h | 2,778.1 | −0.031% | $258.7M | $222.7M | 50x | as long as short |
| Nado ETH-PERP | +0.0056% | 1h | 2,776.1 | −0.103% | $14.3M | $118.2M | 50x | as long as short |
| Aevo ETH-PERP | +0.0056% | 1h | 2,774.2 | −0.171% | $5.0M | $636K | 20x | as long as short |
| ApeX Omni ETHUSDT | +0.0058% | 1h | 2,777.6 | −0.050% | $8.8M | $32.7M | 100x | as long as short |
| MEXC ETH_USDT | +0.0060% | 8h | 2,778 | −0.034% | $1.60B | $2.68B | 500x | as long as short |
| Binance ETHUSDT | +0.0061% | 8h | 2,777.4 | −0.054% | $6.44B | $17.23B | 150x | as long as short |
| SoDEX ETH-USD | +0.0061% | 1h | 2,776.5 | −0.088% | $55.3M | $229.0M | 40x | as long as short |
| Bitget ETHUSDT | +0.0065% | 8h | 2,778.2 | −0.027% | $2.10B | $3.10B | 150x | as long as short |
| Gate ETH_USDT | +0.0071% | 8h | 2,778.4 | −0.021% | $3.30B | $9.69B | 200x | as long as short |
| HTX ETH-USDT | +0.0088% | 8h | 2,776.4 | −0.092% | $1.08B | $1.32B | 200x | as long as short |
| Bybit ETHUSDT | +0.0091% | 8h | 2,778 | −0.033% | $2.52B | $4.63B | 150x | as long as short |
| KuCoin ETHUSDTM | +0.0093% | 8h | 2,778.8 | −0.006% | $422.7M | $739.2M | 100x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,778.3 | −0.024% | $115.3M | $503.6M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,779.6 | +0.022% | $25.4M | $122.1M | 50x | as long as short |
| Vest ETH-PERP | +0.0096% | 1h | 2,776.7 | −0.079% | — | $1.1M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,777.5 | −0.052% | $16.0M | $10.5M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,778.4 | −0.019% | $478K | $2.7M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,780.5 | +0.056% | $3.19B | $2.35B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,778.1 | −0.030% | $31.2M | $303.9M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,777.2 | −0.063% | $2.8M | $17.2M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,779.7 | +0.027% | $2.7M | $17.2M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,777.9 | −0.036% | $168.1M | $250.4M | 25x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,778.6 | −0.011% | $15.1M | $44.1M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,773.7 | −0.188% | $147.3M | $337.0M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,777 | −0.068% | $181.7M | $781.3M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,775.7 | −0.117% | $161.4M | $90.8M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,776.3 | −0.095% | $21.4M | $58.2M | 40x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,777.4 | −0.055% | $10.8M | $7.6M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,777.3 | −0.059% | $21K | $24K | 25x | as long as short |
| Derive ETH-PERPlong | +0.0100% | 1h | 2,778.9 | long leg | $42.8M | $29.4M | 15x | |
| SunX ETH-USDT | +0.0100% | 8h | 2,775.5 | −0.125% | $974K | $14.0M | 100x | as long as short |
| Extended ETH-USDshort | +0.0104% | 1h | 2,777.7 | −0.044% | $32.6M | $77.5M | 50x | |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0048% | 1h | 2,777 | −0.071% | — | $41.8M | 500x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,777.7 | −0.046% | $59.9M | $4.60B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0126% | 8h | 2,776.8 | −0.077% | $8.4M | $681.5M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0135% | 8h | 2,779.4 | +0.016% | $32.6M | $12.0M | 100x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0169% | 1h | 2,777.6 | −0.048% | $86.4M | $332.5M | 100x | as long as short |
| BloFin ETH-USDT | +0.0181% | 8h | 2,776.5 | −0.090% | $284.8M | $194.9M | 150x | as long as short |
| Reya ETHRUSDPERP | +0.0196% | 1h | 2,776 | −0.107% | $7.4M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0288% | 1h | 2,777.7 | −0.044% | $270K | $1.5M | 20x | as long as short |
OKX ETH-USDT-SWAP
Bullet ETH-USD
Phemex ETHUSDT
GMX ETH/USD [ETH-USDC]
Aster ETHUSDT
Deribit ETH-PERPETUAL
Nado ETH-PERP
Aevo ETH-PERP
ApeX Omni ETHUSDT
MEXC ETH_USDT
Binance ETHUSDT
SoDEX ETH-USD
Bitget ETHUSDT
Gate ETH_USDT
HTX ETH-USDT
Bybit ETHUSDT
KuCoin ETHUSDTM
Lighter ETH
Lighter RH ETH
Vest ETH-PERP
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Polymarket Perps ETH-USD
Bluefin ETH-PERP
SunX ETH-USDT
Jupiter Perps ETH-PERP
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Orderly PERP_ETH_USDC
Kraken Futures PF_ETHUSD
BloFin ETH-USDT
Reya ETHRUSDPERP
Hibachi ETH/USDT-P