ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0005%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h −0.027%

Price spread now: SoDEX against Derive−0.065%7-day average −0.069% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.065%−$6 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.065%, 7d avg −0.069%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ETH-PERP	2,748.7	0.0100	pay 0.0013% / 1h	16m 19s	$41.6M	$29.6M	15x
Short	SoDEX ETH-USD	2,746.9	0.0095	get 0.0012% / 1h	16m 19s	$54.7M	$187.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Derive. 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 DerivebpFee SoDEXbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$1.1
Price spread: −0.065% → −0.069%: $0.38
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.72
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; SoDEX: 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 SoDEX live order book, 3 min ago	0.18 bp	4.2 bp −$4	4.3 bp −$43	6.1 bp −$608	37.7 bp −$18.8K

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
Hotstuff ETH-PERP	−0.0080%	1h	2,746.3	−0.087%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,746.8	−0.069%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,747.3	−0.050%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,746	−0.100%	$10.8M	$41.7M	50x	as long as short
Perpl ETH	0.0000%	43m	2,746.3	−0.088%	$305K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,747.4	−0.049%	$25.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,747	−0.062%	$848K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,746.6	−0.076%	$182K	$849K	50x	as long as short
ApeX Omni ETHUSDT	+0.0033%	1h	2,747.3	−0.052%	$8.9M	$30.7M	100x	as long as short
BingX ETH-USDC	+0.0053%	8h	2,746.8	−0.071%	—	$18.4M	—	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	+0.0067%	8h	2,746.6	−0.077%	$1.71B	$10.56B	100x	as long as short
KuCoin ETHUSDTM	+0.0070%	8h	2,747	−0.061%	$382.2M	$575.5M	100x	as long as short
Bullet ETH-USD	+0.0073%	1h	2,746.9	−0.065%	$184K	$1.7M	20x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,746.4	−0.082%	$5.6M	$11.4M	25x	as long as short
Aster ETHUSDT	+0.0089%	8h	2,746.8	−0.069%	$254.1M	$840.9M	200x	as long as short
SoDEX ETH-USDshort	+0.0095%	1h	2,746.9	−0.065%	$54.7M	$187.6M	40x
Lighter ETH	+0.0096%	1h	2,747.2	−0.053%	$113.0M	$435.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,748.6	−0.005%	$24.6M	$104.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,746.1	−0.094%	—	$30.5M	500x	as long as short
MEXC ETH_USDT	+0.0096%	8h	2,746.8	−0.068%	$1.56B	$2.55B	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,744.4	−0.157%	$4.9M	$154K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,749.5	+0.029%	$58.0M	$4.26B	50x	as long as short
Binance ETHUSDT	+0.0096%	8h	2,746.8	−0.071%	$6.38B	$15.67B	150x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,750.8	+0.076%	$16.1M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,745.7	−0.109%	$468K	$3.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,746	−0.100%	$13.9M	$104.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,748.6	−0.004%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,746.4	−0.084%	$31.7M	$334.5M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,746.8	−0.068%	$2.46B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,745.1	−0.131%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,746.3	−0.087%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,742.3	−0.233%	$165.2M	$299.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,747.2	−0.055%	$3.39B	$8.76B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,747.1	−0.058%	$2.08B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,746	−0.099%	$15.0M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,745.8	−0.106%	$133.3M	$326.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,744.5	−0.152%	$182.4M	$673.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,746.6	−0.075%	$159.7M	$83.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,746.9	−0.065%	$21.2M	$67.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,747	−0.061%	—	$815K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,747.6	−0.040%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERPlong	+0.0100%	1h	2,748.7	long leg	$41.6M	$29.6M	15x
SunX ETH-USDT	+0.0100%	8h	2,746.6	−0.078%	$963K	$11.5M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,746.7	−0.073%	$1.06B	$1.17B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,747	−0.062%	$267.0M	$64.8M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,746.2	−0.091%	$30.7M	$72.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0129%	1h	2,745.9	−0.100%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0160%	8h	2,747.1	−0.058%	$7.8M	$669.8M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0183%	1h	2,748.6	−0.004%	$259.8M	$196.0M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0194%	8h	2,749.3	+0.021%	$32.4M	$11.4M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,747.9	−0.028%	$86.7M	$310.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0228%	1h	2,745.8	−0.107%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,747.9	−0.030%	$253K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0290%	8h	2,746.1	−0.095%	$286.1M	$181.2M	150x	as long as short
Bluefin ETH-PERP	+0.0505%	1h	2,747	−0.063%	$21K	$20K	25x	as long as short