ETH

Alert

Funding spread now, next payment 17:00 UTC−0.3167%/8h

next payment, per $10,000−$3.96paid, last 24h−0.028%paid, last 3 days−0.131%to open and closeno order book

Long on Bluefin Short on gTrade (Gains Network)

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.131% in total (about -16.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.96 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	Bluefin ETH-PERP	2,791.1	0.3173	pay 0.0397% / 1h	43m 03s	$22K	$26K	25x
Short	gTrade (Gains Network) ETH/USD	2,764	L +0.0006% / S −0.0006%	get 0.0001% / 1h	43m 03s	$22.4M	—	200x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$665.08
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$679.08
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.971%
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 Bluefin no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$500	8.9 bp −$4,452

Bluefin: 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	−0.0447%	43m	$450K	$6.1M	8.3x	as long as short
Phemex ETHUSDT	−0.0351%	8h	$266.4M	$66.7M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0054%	1h	$118K	$22.5M	52x	as long as short
ApeX Omni ETHUSDT	−0.0039%	1h	$7.9M	$27.9M	100x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0013% / S +0.0045%	1h	$11.8M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	$16.0M	$33.3M	50x	as long as short
gTrade (Gains Network) ETH/USDshort	L +0.0006% / S −0.0006%	1h	$22.4M	—	200x
BingX ETH-USDT	+0.0010%	8h	—	$1.11B	—	as long as short
OKX ETH-USDT-SWAP	+0.0013%	8h	$1.71B	$11.25B	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix ETH	+0.0035%	1h	$1.4M	$2.4M	25x	as long as short
SoDEX ETH-USD	+0.0047%	1h	$55.7M	$161.8M	40x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	$180K	$1.2M	50x	as long as short
Bulk ETH-USD	+0.0055%	1h	$157.1M	$271.4M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0058%	1h	$259.9M	$213.8M	50x	as long as short
Bitget ETHUSDT	+0.0073%	8h	$2.10B	$3.16B	150x	as long as short
Aevo ETH-PERP	+0.0080%	1h	$5.0M	$723K	20x	as long as short
MEXC ETH_USDT	+0.0082%	8h	$1.51B	$2.43B	500x	as long as short
Binance ETHUSDT	+0.0083%	8h	$6.59B	$15.85B	150x	as long as short
Hibachi ETH/USDT-P	+0.0088%	1h	$289K	$1.3M	20x	as long as short
Lighter ETH	+0.0096%	1h	$117.3M	$493.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.5M	$116.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$44.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.7M	$11.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$480K	$2.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$18.0M	$112.7M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$274.5M	$868.5M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.1M	$216.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.52B	$4.47B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$14.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.7M	$15.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	$3.44B	$8.73B	200x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$416.3M	$677.9M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.3M	$40.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$144.9M	$307.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$178.2M	$758.8M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.1M	$51.2M	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	$10.8M	$5.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	$198K	$1.9M	20x	as long as short
SunX ETH-USDT	+0.0100%	8h	$951K	$14.7M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.09B	$1.19B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$31.8M	$78.8M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	$60.2M	$4.76B	50x	as long as short
Kalshi KXETHPERP	+0.0121%	8h	$9.7M	$554.6M	4.9x	as long as short
RISEx ETH/USDC	+0.0122%	1h	$5.9M	$12.9M	25x	as long as short
Derive ETH-PERP	+0.0145%	1h	$43.5M	$27.6M	15x	as long as short
Reya ETHRUSDPERP	+0.0168%	1h	$7.4M	$968K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0196%	8h	$32.4M	$10.8M	100x	as long as short
BloFin ETH-USDT	+0.0203%	8h	$293.6M	$179.2M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0262%	1h	$87.0M	$315.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0276%	1h	$29K	$27K	20x	as long as short
Hyperliquid ETH	+0.0555%	1h	$3.31B	$2.18B	25x	as long as short
Bluefin ETH-PERPlong	+0.3173%	1h	$22K	$26K	25x