ETH

Alert

Funding spread now, next payment 20:00 UTC+0.0118%/8h

next payment, per $10,000+$0.15paid, last 24h+0.002%paid, last 3 days−0.079%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	2,756.1	0.0100	pay 0.0013% / 1h	56m 51s	$15.3M	$41.6M	50x
Short	Reya ETHRUSDPERP	2,757.1	0.0218	get 0.0027% / 1h	56m 51s	$7.4M	$821K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee ReyabpOrdersRate

Funding earned: $24.69
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $8.69
Break-even: 4.5 days

Slippage unknown: Backpack: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.036%
Avg gap 7d: +0.008%

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, 4 min ago	0.02 bp	5.0 bp −$5	5.4 bp −$54	25.1 bp −$2,509	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ETH/USDC PERP	−0.0208%	1h	$118K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0013% / S +0.0045%	1h	$11.9M	—	200x	as long as short
SoDEX ETH-USD	−0.0012%	1h	$55.6M	$162.3M	40x	as long as short
Phoenix ETH	−0.0003%	1h	$1.0M	$2.5M	25x	as long as short
Phemex ETHUSDT	−0.0002%	8h	$266.4M	$64.1M	150x	as long as short
Bulk ETH-USD	0.0000%	1h	$161.3M	$272.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	$13.2M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	$180K	$1.2M	50x	as long as short
Perpl ETH	0.0000%	43m	$288K	$6.4M	8.3x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	0.0000%	1h	$259.1M	$206.2M	50x	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	+0.0018%	8h	$1.73B	$11.07B	100x	as long as short
Bullet ETH-USD	+0.0031%	1h	$191K	$1.8M	20x	as long as short
RISEx ETH/USDC	+0.0044%	1h	$5.8M	$12.2M	25x	as long as short
Aevo ETH-PERP	+0.0048%	1h	$5.0M	$649K	20x	as long as short
MEXC ETH_USDT	+0.0049%	8h	$1.61B	$2.37B	500x	as long as short
Binance ETHUSDT	+0.0049%	8h	$6.57B	$15.95B	150x	as long as short
ApeX Omni ETHUSDT	+0.0067%	1h	$8.2M	$28.1M	100x	as long as short
Gate ETH_USDT	+0.0067%	8h	$3.35B	$8.96B	200x	as long as short
Aster ETHUSDT	+0.0078%	8h	$267.0M	$932.8M	200x	as long as short
Bitget ETHUSDT	+0.0081%	8h	$2.11B	$2.94B	150x	as long as short
Lighter ETH	+0.0096%	1h	$116.2M	$481.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.4M	$118.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$43.1M	500x	as long as short
Variational Omni ETH	+0.0099%	8h	$145.9M	$302.3M	—	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.9M	$10.7M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$477K	$2.4M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.0M	$111.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	$3.22B	$2.14B	25x	as long as short
Pacifica ETH	+0.0100%	1h	$31.2M	$254.1M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.51B	$4.33B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$2.9M	$15.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.9M	$16.0M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$400.9M	$696.8M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.07B	—	as long as short
Backpack ETH_USDC_PERPlong	+0.0100%	1h	$15.3M	$41.6M	50x
edgeX ETHUSDC	+0.0100%	4h	$179.6M	$738.7M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.2M	$55.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$11.5M	$6.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	$42.7M	$29.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	$966K	$14.1M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.21B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$31.5M	$75.5M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0113%	8h	$32.3M	$11.0M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0128%	1h	$59.7M	$4.52B	50x	as long as short
Aftermath Perps ETHUSD	+0.0139%	1h	$29K	$19K	20x	as long as short
Kalshi KXETHPERP	+0.0140%	8h	$9.7M	$617.9M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0163%	1h	$85.1M	$319.8M	100x	as long as short
BloFin ETH-USDT	+0.0169%	8h	$291.5M	$179.7M	150x	as long as short
Reya ETHRUSDPERPshort	+0.0218%	1h	$7.4M	$821K	25x
Hibachi ETH/USDT-P	+0.0224%	1h	$282K	$1.5M	20x	as long as short