ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.019%

Price spread now: SoDEX against Reya−0.039%7-day average +0.007% · you buy dearer than you sell

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

Long on Reya Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.060%−$6 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.039%, 7d avg +0.007%

Together, before fees−0.050%+ Points / potential airdropReya: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SoDEX is 0.046% cheaper against Reya than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.060% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ETHRUSDPERP	2,774.4	0.0206	pay 0.0026% / 1h	59m 06s	$7.4M	$1.2M	25x
Short	SoDEX ETH-USD	2,773.3	−0.0024	pay 0.0003% / 1h	59m 06s	$55.2M	$228.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Reya. 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 ReyabpFee SoDEXbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$48.31
Price spread: −0.039% → +0.007%: −$4.62
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$66.92
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; SoDEX: live order book, 5 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 Reya no order-book sample	—	—	—	—	—
Sell SoDEX live order book, 5 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	5.6 bp −$564	29.7 bp −$14.9K

Reya: 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 54 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
Injective ETH/USDC PERP	−0.0752%	1h	2,782	+0.274%	$119K	$22.5M	52x	as long as short
Perpl ETH	−0.0223%	43m	2,774.2	−0.007%	$286K	$6.8M	8.3x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,774.8	+0.015%	$5.6M	$11.9M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,776	+0.058%	$5K	$2K	50x	as long as short
Bullet ETH-USD	−0.0028%	1h	2,774	−0.013%	$182K	$1.7M	20x	as long as short
SoDEX ETH-USDshort	−0.0024%	1h	2,773.3	−0.039%	$55.2M	$228.8M	40x
ApeX Omni ETHUSDT	−0.0005%	1h	2,773.8	−0.021%	$8.7M	$32.9M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,775.8	+0.051%	$12.7M	$45.9M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,775.9	+0.054%	$168K	$1.2M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,775.3	+0.033%	$8.1M	$689.5M	4.9x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ETH	+0.0003%	1h	2,776	+0.058%	$877K	$3.6M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,774.1	−0.010%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,772.4	−0.073%	$1.71B	$11.89B	100x	as long as short
Deribit ETH-PERPETUAL	+0.0024%	1h	2,774.8	+0.016%	$259.1M	$222.1M	50x	as long as short
Phemex ETHUSDT	+0.0024%	8h	2,773.9	−0.019%	$270.2M	$68.7M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,774	−0.015%	$12.8M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0033%	1h	2,774.5	+0.004%	$29K	$22K	20x	as long as short
Aster ETHUSDT	+0.0037%	8h	2,774	−0.015%	$256.1M	$1.00B	200x	as long as short
MEXC ETH_USDT	+0.0056%	8h	2,772.6	−0.063%	$1.62B	$2.61B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,773.4	−0.034%	$5.0M	$312K	20x	as long as short
Binance ETHUSDT	+0.0057%	8h	2,773	−0.049%	$6.46B	$17.29B	150x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,772.6	−0.066%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0066%	8h	2,772.4	−0.071%	$3.29B	$8.87B	200x	as long as short
KuCoin ETHUSDTM	+0.0080%	8h	2,773.5	−0.032%	$422.9M	$738.8M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,775.3	+0.032%	$60.7M	$4.59B	50x	as long as short
BingX ETH-USDT	+0.0088%	8h	2,771.8	−0.093%	—	$1.24B	—	as long as short
Lighter ETH	+0.0096%	1h	2,774	−0.016%	$115.2M	$455.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,775.3	+0.032%	$25.3M	$109.3M	50x	as long as short
Vest ETH-PERP	+0.0097%	1h	2,775.2	+0.029%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,774.7	+0.011%	$15.9M	$10.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,775	+0.023%	$14.4M	$118.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,775	+0.022%	$3.17B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,775.2	+0.028%	$31.3M	$319.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,772.5	−0.067%	$2.51B	$4.62B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,774	−0.014%	$2.8M	$17.4M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,775.3	+0.034%	$2.7M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.4	−0.180%	$169.4M	$262.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772.8	−0.059%	$15.1M	$44.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,773.8	−0.020%	$151.5M	$345.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,773.8	−0.021%	$182.1M	$785.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776	+0.059%	$161.4M	$88.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,775.6	+0.044%	$21.5M	$58.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,775.1	+0.026%	$10.6M	$8.0M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,775.8	+0.053%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,775	+0.023%	$973K	$13.9M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,773.8	−0.021%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,772.8	−0.057%	$32.5M	$78.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,775.6	+0.045%	—	$43.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,774.8	+0.014%	$90.8M	$338.3M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0145%	8h	2,776.1	+0.061%	$32.6M	$12.2M	100x	as long as short
BloFin ETH-USDT	+0.0177%	8h	2,773.3	−0.041%	$286.9M	$193.4M	150x	as long as short
Hibachi ETH/USDT-P	+0.0192%	1h	2,777.1	+0.098%	$253K	$1.6M	20x	as long as short
Reya ETHRUSDPERPlong	+0.0206%	1h	2,774.4	long leg	$7.4M	$1.2M	25x
Bluefin ETH-PERP	+0.2664%	1h	2,775.1	+0.025%	$21K	$24K	25x	as long as short