ETH

Alert

Funding spread now, next payment 15:00 UTC+0.0506%/8h

paid, last 24h+0.007%paid, last 7 days+0.152%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 7.9% a year). A funding rate is set anew for every payment. 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	Binance ETHUSDT	2,725	0.0100	pay 0.0100% / 8h	1h 54m	$6.56B	$14.33B	150x
Short	Derive ETH-PERP	2,731.6	0.0606	get 0.0076% / 1h	54m 47s	$42.2M	$18.9M	15x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee DerivebpOrdersRate

Funding earned: $106.29
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $90.29
Break-even: 1.1 days

Slippage unknown: Binance: live order book, 6 min ago; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.243%
Avg gap 7d: +0.046%

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 Binance live order book, 6 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	5.5 bp −$554	8.7 bp −$4,332
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 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	$1K	50x	as long as short
Gate ETH_USDT	−0.0042%	8h	$3.70B	$8.18B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0014% / S +0.0046%	1h	$11.6M	—	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$4.5M	$475.4M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.1M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0019%	8h	$1.72B	$10.48B	100x	as long as short
Phemex ETHUSDT	+0.0024%	8h	$263.8M	$65.7M	150x	as long as short
Backpack ETH_USDC_PERP	+0.0051%	1h	$15.5M	$38.0M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$61.4M	$4.64B	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX ETH-USD	+0.0059%	1h	$55.5M	$139.7M	40x	as long as short
Bullet ETH-USD	+0.0068%	1h	$182K	$1.9M	20x	as long as short
Phoenix ETH	+0.0070%	1h	$1.4M	$2.3M	25x	as long as short
Bitget ETHUSDT	+0.0082%	8h	$2.12B	$2.93B	150x	as long as short
Lighter ETH	+0.0096%	1h	$118.8M	$466.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.6M	$113.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$4.9M	$781K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	$13.7M	$11.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$467K	$1.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$19.3M	$109.6M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$266.3M	$801.3M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.0M	$185.4M	50x	as long as short
Binance ETHUSDTlong	+0.0100%	8h	$6.56B	$14.33B	150x
Bybit ETHUSDT	+0.0100%	8h	$2.44B	$4.23B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.4M	$13.5M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.53B	$2.30B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$392.4M	$666.6M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.05B	—	as long as short
Variational Omni ETH	+0.0100%	8h	$155.1M	$289.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$192.9M	$659.7M	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	$7.6M	$27.3M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$55.3M	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	$4.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$19K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$941K	$13.8M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.12B	200x	as long as short
Bulk ETH-USD	+0.0100%	1h	$150.8M	$274.0M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	$33.0M	$71.9M	50x	as long as short
Perpl ETH	+0.0112%	43m	$178K	$5.2M	8.3x	as long as short
Reya ETHRUSDPERP	+0.0147%	1h	$7.3M	$910K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0215%	8h	$32.0M	$11.0M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$293.0M	$164.9M	150x	as long as short
Hibachi ETH/USDT-P	+0.0224%	1h	$282K	$1.2M	20x	as long as short
Aftermath Perps ETHUSD	+0.0226%	1h	$29K	$34K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0234%	1h	$259.4M	$208.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0261%	1h	$83.2M	$309.3M	100x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$5.8M	$13.2M	25x	as long as short
Ondo Perps ETH-USD.P	+0.0347%	1h	$3.3M	$12.5M	25x	as long as short
Hyperliquid ETH	+0.0365%	1h	$3.21B	$2.02B	25x	as long as short
dYdX ETH-USD	+0.0440%	1h	$24.3M	$21.0M	50x	as long as short
Derive ETH-PERPshort	+0.0606%	1h	$42.2M	$18.9M	15x
01 Exchange ETHUSD	+0.0616%	1h	$186K	$1.0M	50x	as long as short