ETH

Alert

Funding spread now, next payment 15:00 UTC+0.0564%/8h

next payment, per $10,000+$0.70paid, last 24h−0.015%paid, last 3 days−0.159%to open and close $10k−$106

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.159% in total (about -19.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.70 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	Backpack ETH_USDC_PERP	2,744	0.0100	pay 0.0013% / 1h	5m 47s	$15.1M	$39.0M	50x
Short	01 Exchange ETHUSD	2,759.2	0.0664	get 0.0083% / 1h	5m 47s	$187K	$1.1M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee 01 ExchangebpOrdersRate

Funding earned: $118.44
Slippage, 4 orders: −$88.88
Fee Backpack: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $12.56
Break-even: 6.3 days

Slippage from Backpack: live order book, 5 min ago; 01 Exchange: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.555%
Avg gap 7d: +0.033%

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, 5 min ago	0.02 bp	5.0 bp −$5	6.3 bp −$63	10.3 bp −$1,028	doesn't fit
Sell 01 Exchange live order book, 5 min ago	1.27 bp	64.1 bp −$64	doesn't fit	doesn't fit	doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ETH/USDC PERP	−0.0112%	1h	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Gate ETH_USDT	−0.0036%	8h	$3.70B	$8.75B	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$6.2M	$509.8M	4.9x	as long as short
Perpl ETH	0.0000%	43m	$206K	$5.5M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.2M	—	200x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0018% / S +0.0014%	1h	$11.8M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0018%	8h	$1.73B	$11.07B	100x	as long as short
Phemex ETHUSDT	+0.0036%	8h	$264.6M	$66.3M	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$60.8M	$4.83B	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bullet ETH-USD	+0.0067%	1h	$182K	$1.9M	20x	as long as short
Deribit ETH-PERPETUAL	+0.0067%	1h	$260.8M	$216.9M	50x	as long as short
Phoenix ETH	+0.0070%	1h	$1.4M	$2.4M	25x	as long as short
Bitget ETHUSDT	+0.0079%	8h	$2.12B	$3.11B	150x	as long as short
Lighter ETH	+0.0096%	1h	$118.8M	$492.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.4M	$120.6M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$757K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.4M	$11.3M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$481K	$2.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$18.2M	$114.3M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$269.0M	$839.4M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.2M	$198.0M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.57B	$15.26B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.48B	$4.42B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$15.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$153.0M	$272.5M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.53B	$2.43B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$395.6M	$677.8M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.10B	—	as long as short
Backpack ETH_USDC_PERPlong	+0.0100%	1h	$15.1M	$39.0M	50x
Variational Omni ETH	+0.0100%	8h	$156.1M	$299.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$194.9M	$689.9M	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	$21.1M	$52.7M	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	$5.1M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$20K	$25K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$946K	$14.6M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	$55.5M	$161.7M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.09B	$1.20B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.9M	$76.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	—	$44.5M	500x	as long as short
Reya ETHRUSDPERP	+0.0152%	1h	$7.3M	$973K	25x	as long as short
Hyperliquid ETH	+0.0155%	1h	$3.19B	$2.13B	25x	as long as short
dYdX ETH-USD	+0.0169%	1h	$20.2M	$28.2M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0211%	1h	$3.2M	$13.4M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0213%	8h	$32.3M	$11.2M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$295.3M	$180.4M	150x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	$303K	$1.3M	20x	as long as short
Aftermath Perps ETHUSD	+0.0250%	1h	$29K	$34K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0259%	1h	$86.1M	$317.5M	100x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$5.9M	$13.8M	25x	as long as short
Derive ETH-PERP	+0.0330%	1h	$42.8M	$25.0M	15x	as long as short
01 Exchange ETHUSDshort	+0.0664%	1h	$187K	$1.1M	50x