ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.031%

Price spread now: 01 Exchange against Derive−0.105%7-day average −0.035% · you buy dearer than you sell

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

Long on Derive Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.103%−$10 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.105%, 7d avg −0.035%

Together, before fees+0.139%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and 01 Exchange is 0.071% cheaper against Derive than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ETH-PERP	2,745.7	0.0100	pay 0.0013% / 1h	44m 39s	$41.6M	$29.6M	15x
Short	01 Exchange ETHUSD	2,742.8	0.0040	get 0.0005% / 1h	44m 39s	$182K	$917K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.105%Rate

Funding earned: −$12.6
Price spread: −0.105% → −0.035%: −$7.08
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$32.68
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; 01 Exchange: live order book, 20 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 01 Exchange live order book, 20 min ago	0.18 bp	9.0 bp −$9	13.1 bp −$131	doesn't fit	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	2,742.9	−0.100%	$305K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,742.7	−0.109%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,744.7	−0.036%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,743.7	−0.073%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,742.9	−0.102%	$10.8M	$41.8M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,743.8	−0.071%	$22.2M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,740.6	−0.186%	$845K	$2.9M	25x	as long as short
01 Exchange ETHUSDshort	+0.0040%	1h	2,742.8	−0.105%	$182K	$917K	50x
BingX ETH-USDT	+0.0047%	8h	2,742.4	−0.121%	—	$1.15B	—	as long as short
OKX ETH-USDT-SWAP	+0.0061%	8h	2,742	−0.135%	$1.70B	$10.57B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ETHUSDTM	+0.0063%	8h	2,742.6	−0.112%	$376.4M	$598.0M	100x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,742.4	−0.121%	$5.7M	$11.2M	25x	as long as short
Aster ETHUSDT	+0.0078%	8h	2,742.9	−0.101%	$252.3M	$841.3M	200x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,741.2	−0.163%	$4.9M	$159K	20x	as long as short
MEXC ETH_USDT	+0.0088%	8h	2,742	−0.134%	$1.56B	$2.53B	500x	as long as short
Binance ETHUSDT	+0.0088%	8h	2,742.3	−0.123%	$6.38B	$15.71B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,743.3	−0.086%	$112.8M	$431.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,744.3	−0.050%	$24.7M	$103.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,741.3	−0.160%	—	$30.9M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,744.9	−0.030%	$59.0M	$4.27B	50x	as long as short
Bullet ETH-USD	+0.0096%	1h	2,743.5	−0.079%	$182K	$1.7M	20x	as long as short
HTX ETH-USDT	+0.0097%	8h	2,743.4	−0.084%	$1.06B	$1.18B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,746.5	+0.030%	$16.1M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,742.4	−0.120%	$469K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,743.6	−0.075%	$13.9M	$106.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,744.8	−0.033%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,743.5	−0.081%	$31.6M	$334.0M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,742.2	−0.129%	$2.45B	$4.19B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,742.8	−0.105%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,742.9	−0.101%	$2.7M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.5	−0.079%	$165.1M	$304.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,742.6	−0.112%	$3.40B	$8.69B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,742.4	−0.121%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,743.2	−0.091%	$15.0M	$40.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,740.4	−0.193%	$132.4M	$336.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,739.2	−0.237%	$181.4M	$691.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,739.8	−0.215%	$159.3M	$82.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,740.9	−0.174%	$8.7M	$31.1M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,740.9	−0.175%	$21.2M	$69.4M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,744.6	−0.040%	$10.9M	$8.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,744	−0.064%	$21K	$21K	25x	as long as short
Derive ETH-PERPlong	+0.0100%	1h	2,745.7	long leg	$41.6M	$29.6M	15x
SunX ETH-USDT	+0.0100%	8h	2,740.6	−0.187%	$962K	$11.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,743.9	−0.065%	$54.6M	$187.5M	40x	as long as short
Deribit ETH-PERPETUAL	+0.0100%	1h	2,745.1	−0.022%	$258.8M	$195.7M	50x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,743.4	−0.082%	$266.9M	$65.1M	150x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,743.7	−0.072%	—	$819K	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,741.5	−0.151%	$30.6M	$72.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0131%	1h	2,743.4	−0.084%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0152%	8h	2,743.7	−0.073%	$7.7M	$668.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0187%	8h	2,746.4	+0.026%	$32.3M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0208%	8h	2,742.9	−0.101%	$286.0M	$177.5M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,744.6	−0.042%	$87.4M	$310.1M	100x	as long as short
Reya ETHRUSDPERP	+0.0225%	1h	2,743.5	−0.081%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0240%	1h	2,740.9	−0.176%	$249K	$1.4M	20x	as long as short