ETH

Alert

Funding spread now, next payment 15:00 UTC−0.0180%/8h

next payment, per $10,000−$0.23paid, last 24h−0.054%paid, last 3 days−0.266%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ETH_USDC_PERP	2,741.9	0.0100	pay 0.0013% / 1h	9m 30s	$15.2M	$38.5M	50x
Short	Hotstuff ETH-PERP	2,742.5	−0.0080	pay 0.0010% / 1h	9m 30s	$5K	$1K	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee HotstuffbpOrdersRate

Funding earned: −$37.8
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$52.8
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 1 min ago; Hotstuff: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.020%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Backpack live order book, 1 min ago	0.02 bp	5.0 bp −$5	6.3 bp −$63	10.3 bp −$1,028	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0335%	43m	$216K	$5.5M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0112%	1h	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERPshort	−0.0080%	1h	$5K	$1K	50x
Gate ETH_USDT	−0.0034%	8h	$3.72B	$8.64B	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$5.9M	$506.7M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.3M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0015%	8h	$1.73B	$10.99B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0017% / S +0.0014%	1h	$11.8M	—	200x	as long as short
Phemex ETHUSDT	+0.0048%	8h	$264.6M	$65.6M	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$60.6M	$4.80B	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bullet ETH-USD	+0.0063%	1h	$183K	$1.9M	20x	as long as short
Phoenix ETH	+0.0070%	1h	$1.4M	$2.4M	25x	as long as short
Bitget ETHUSDT	+0.0078%	8h	$2.13B	$3.08B	150x	as long as short
Lighter ETH	+0.0096%	1h	$119.4M	$487.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.6M	$119.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.9M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$761K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.3M	$11.3M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$481K	$1.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$19.0M	$112.9M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$268.7M	$833.9M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.1M	$198.0M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.59B	$15.05B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.49B	$4.40B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$15.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$152.3M	$275.6M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.54B	$2.42B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$399.3M	$675.0M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.09B	—	as long as short
Backpack ETH_USDC_PERPlong	+0.0100%	1h	$15.2M	$38.5M	50x
Variational Omni ETH	+0.0100%	8h	$153.3M	$295.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$194.2M	$683.8M	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	$7.6M	$27.8M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$52.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.2M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.8M	$5.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$19K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$945K	$14.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	$55.8M	$139.8M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.17B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$33.1M	$74.1M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0151%	1h	$260.3M	$213.9M	50x	as long as short
Reya ETHRUSDPERP	+0.0152%	1h	$7.3M	$973K	25x	as long as short
Hyperliquid ETH	+0.0155%	1h	$3.20B	$2.12B	25x	as long as short
dYdX ETH-USD	+0.0180%	1h	$20.2M	$28.0M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0212%	8h	$32.2M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$295.6M	$178.5M	150x	as long as short
Ondo Perps ETH-USD.P	+0.0223%	1h	$3.2M	$13.2M	25x	as long as short
Aftermath Perps ETHUSD	+0.0244%	1h	$29K	$34K	20x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	$304K	$1.3M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0260%	1h	$85.3M	$313.6M	100x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$6.0M	$13.6M	25x	as long as short
Derive ETH-PERP	+0.0294%	1h	$42.2M	$24.2M	15x	as long as short
01 Exchange ETHUSD	+0.0640%	1h	$186K	$1.0M	50x	as long as short