TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG2,317.4+0.0096pay 0.0012% / 1h52m 16s$4.5M$23.0M100xLong Popdex
SHORT2,319.8+0.0144get 0.0018% / 1h52m 16s$1.6M$1.5M25xShort Phoenix
Price gap+0.104%59s
Funding gap+0.0048% /8h

Both sides work: funding pays +$1 a day on $10k, and the gap is 0.062% above its 7d average: +$6 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$17+0.0048% /8h now · paid −0.174% over the last 7D
Price—spread +0.104%59s now · prices read too far apart to compare
Costs−$170.168% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.104%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ETH on 56 exchanges

lowest funding first

Before you open

3 ok · 1 to watch
  • OK: Fits both order books4.5 / 4.0 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$100 + $400
    Popdex 100x, Phoenix 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$1.45Long Popdex: 24 payments, −$2.88; short Phoenix: 24 payments, +$4.33.
  • Watch: Prices read 59 s apart+0.104% vs +0.042%
    Part of this gap may be the market moving.
  • Note: Short leg is thinner$1.6M vs $4.5M OI
    Both legs are deep; Phoenix is the smaller one.
  • Note: No points program—
    Neither exchange runs points right now.
  • OK: No KYC on either legPopdex No · Phoenix No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0083%/8h × 21 periods−$17.41
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$3.37
Fee Popdex bp × 2 orders−$6.40
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$34.18
price spread not counted: prices read too far apart
Costs to cover0.168%Break-evennever at this rate
Slippage: Popdex: live order book, 1 min ago; Phoenix: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex0.864.5 bp−$44.9 bp−$496.2 bp−$62110.1 bp−$5,065
SELL · SHORTPhoenix0.224.0 bp−$410.0 bp−$10020.1 bp−$2,013doesn’t fit

Closing costs about the same again.

Alert

ETH news

posts that mention ETH, from every exchangeSearch all news →
10-26 06:49BingXOther#BingXBuzz 🚨 📊 $ZEC ETF extends a 3-day inflow streak, spot $BTC ETFs shed $138M on the same day ⚡ @LidoFinance opens larger Ethereum validators, operators post a separate 32 $ETH bond 🇨🇦 Canada proposes direct stablecoin cash-outs for small holders, fees capped at 1% 🏦 @BlackRock IBIT tops $65B in lifetime inflows, @Grayscale GBTC sits near $28B in outflows @BingXOfficial on X ↗
10-26 05:30MEXCOther🎲 MEXC Monopoly is back! Roll the dice. Explore the Wealth Map. Unlock rewards in $BTC, $ETH, $SOL, $USDT & more! 🎁 📅 Until Oct 31 (UTC+8) Ready to make your next move? 👇 @MEXC on X ↗
10-25 02:43InjectiveOther$ETH + $SOL + $INJ Stronger Together. Few. @injective on X ↗
10-23 16:00AsterListingBTCUSDC, ETHUSDC, and SOLUSDC perpetuals are now live on Aster. Another step forward with @arc and @circle in expanding @USDC's role in onchain trading. @Aster_DEX on X ↗
10-23 12:50AsterListingnew market ETHUSDC ($ETH) seen by our collector
10-23 11:32PhemexOtherWhen new gas rules can change how contracts handle failed calls, that's no longer a fee tweak. It's a logic change. Pausing Hoodi to test that makes sense. 👇 Does the delay change anything for your $ETH plans?yes/no 🔍 @Phemex_official on X ↗