ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0111%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.008%

Price spread now: Derive against RISEx+0.073%7-day average +0.037% · you sell dearer than you buy

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

Long on RISEx Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.073%, 7d avg +0.037%

Together, before fees−0.105%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Derive is 0.036% dearer against RISEx than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,771.9	−0.0011	get 0.0001% / 1h	47m 21s	$5.8M	$11.9M	25x
Short	Derive ETH-PERP	2,773.9	0.0100	get 0.0013% / 1h	47m 21s	$42.8M	$29.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against RISEx. 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 RISExbpFee DerivebpOrdersPrice spread, now +0.073%Rate

Funding earned: $23.21
Price spread: +0.073% → +0.037%: $3.57
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Derive: 3 bp × 2 orders: −$6
Net: $14.78
Costs to cover: 0.120%
Break-even: 2.5 days

Slippage unknown: RISEx: live order book, 2 min ago; Derive: no order-book sample. 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 RISEx live order book, 2 min ago	0.02 bp	3.4 bp −$3	4.0 bp −$40	293.5 bp −$29.3K	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

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	2,771.7	−0.005%	$289K	$6.9M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0178%	1h	2,769.3	−0.093%	$10.5M	$31.0M	100x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,770.7	−0.042%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,772	+0.005%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0072%	1h	2,771.8	−0.002%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,771.8	−0.002%	$796K	$3.7M	25x	as long as short
RISEx ETH/USDClong	−0.0011%	1h	2,771.9	long leg	$5.8M	$11.9M	25x
dYdX ETH-USD	0.0000%	1h	2,772.5	+0.023%	$12.9M	$45.2M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.3	+0.016%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0018%	8h	2,771.7	−0.007%	$266.7M	$65.9M	150x	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	+0.0022%	8h	2,771.2	−0.024%	$1.70B	$11.85B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,772.2	+0.011%	$13.1M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0031%	1h	2,772.8	+0.034%	$29K	$21K	20x	as long as short
Aevo ETH-PERP	+0.0040%	1h	2,769.5	−0.084%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0043%	8h	2,771.4	−0.018%	$1.59B	$2.63B	500x	as long as short
Aster ETHUSDT	+0.0043%	8h	2,771.2	−0.024%	$255.9M	$996.3M	200x	as long as short
Binance ETHUSDT	+0.0044%	8h	2,771.5	−0.015%	$6.44B	$17.18B	150x	as long as short
Gate ETH_USDT	+0.0058%	8h	2,771.5	−0.012%	$3.29B	$9.55B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,771.7	−0.005%	$2.09B	$3.13B	150x	as long as short
Bullet ETH-USD	+0.0078%	1h	2,771.3	−0.020%	$187K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0091%	8h	2,769.8	−0.073%	$141.1M	$319.9M	—	as long as short
SoDEX ETH-USD	+0.0091%	1h	2,771.6	−0.009%	$55.2M	$228.6M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,772.2	+0.013%	$115.2M	$508.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,773.2	+0.047%	$25.3M	$121.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,772.2	+0.012%	—	$41.9M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,771.6	−0.011%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771.8	−0.002%	$481K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,771.2	−0.023%	$16.1M	$114.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,774.3	+0.088%	$3.20B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,772	+0.005%	$31.3M	$283.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,771.3	−0.022%	$2.51B	$4.65B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.9	−0.035%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,773.8	+0.068%	$2.8M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.8	−0.037%	$164.5M	$255.4M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,771.4	−0.017%	$425.1M	$744.0M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,771.2	−0.024%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772.3	+0.015%	$15.4M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769.4	−0.090%	$178.2M	$790.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,769.5	−0.084%	$161.1M	$97.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,771.2	−0.024%	$21.4M	$57.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,772.1	+0.008%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.8	+0.034%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.3	+0.015%	$21K	$25K	25x	as long as short
Derive ETH-PERPshort	+0.0100%	1h	2,773.9	+0.073%	$42.8M	$29.4M	15x
SunX ETH-USDT	+0.0100%	8h	2,770.3	−0.058%	$970K	$14.3M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,770.6	−0.046%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,771.4	−0.015%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,773.3	+0.052%	$60.1M	$4.64B	50x	as long as short
Kalshi KXETHPERP	+0.0115%	8h	2,772.2	+0.012%	$8.6M	$670.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0129%	8h	2,774.6	+0.099%	$32.5M	$11.8M	100x	as long as short
BloFin ETH-USDT	+0.0164%	8h	2,771.7	−0.007%	$287.0M	$195.7M	150x	as long as short
Deribit ETH-PERPETUAL	+0.0183%	1h	2,773.7	+0.066%	$259.0M	$223.0M	50x	as long as short
Reya ETHRUSDPERP	+0.0191%	1h	2,770.7	−0.042%	$7.5M	$1.0M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,773	+0.041%	$88.5M	$329.9M	100x	as long as short
Hibachi ETH/USDT-P	+0.0384%	1h	2,770.9	−0.035%	$273K	$1.5M	20x	as long as short