ETH

Alert

Funding spread now, next payment 15:00 UTC+0.0012%/8h

next payment, per $10,000+$0.02paid, last 24h+0.009%paid, last 3 days−0.092%to open and close $10k−$17

Long on Coinbase International Short on Bulk

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETH-PERP-INTX	2,746.7	0.0088	pay 0.0011% / 1h	14m 18s	$60.3M	$4.78B	50x
Short	Bulk ETH-USD	2,738.6	0.0100	get 0.0013% / 1h	14m 18s	$151.8M	$273.7M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BulkbpOrdersRate

Funding earned: $2.52
Slippage, 4 orders: −$0.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$14.75
Break-even: 48.0 days

Slippage from Coinbase International: live order book, 1 min ago; Bulk: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.295%
Avg gap 7d: −0.010%

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 Coinbase International live order book, 1 min ago	0.02 bp	5.1 bp −$5	5.9 bp −$59	9.1 bp −$906	25.0 bp −$12.5K
Sell Bulk live order book, 1 min ago	0.05 bp	3.6 bp −$4	3.6 bp −$36	3.6 bp −$365	4.8 bp −$2,383

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	$416K	$5.9M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Gate ETH_USDT	−0.0049%	8h	$3.73B	$8.71B	200x	as long as short
ApeX Omni ETHUSDT	−0.0033%	1h	$7.7M	$27.6M	100x	as long as short
SoDEX ETH-USD	−0.0017%	1h	$55.4M	$161.6M	40x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$7.5M	$537.6M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0008%	1h	$184K	$1.2M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0012%	8h	$1.71B	$11.07B	100x	as long as short
Bullet ETH-USD	+0.0015%	1h	$191K	$1.9M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX ETH/USD [ETH-USDC]	L +0.0019% / S +0.0013%	1h	$11.9M	—	200x	as long as short
Phemex ETHUSDT	+0.0037%	8h	$265.3M	$66.4M	150x	as long as short
Phoenix ETH	+0.0050%	1h	$1.4M	$2.4M	25x	as long as short
Bitget ETHUSDT	+0.0062%	8h	$2.13B	$3.09B	150x	as long as short
Injective ETH/USDC PERP	+0.0067%	1h	$117K	$22.5M	52x	as long as short
HTX ETH-USDT	+0.0080%	8h	$1.09B	$1.18B	200x	as long as short
dYdX ETH-USD	+0.0087%	1h	$16.1M	$33.0M	50x	as long as short
Aevo ETH-PERP	+0.0088%	1h	$5.0M	$729K	20x	as long as short
Coinbase International ETH-PERP-INTXlong	+0.0088%	1h	$60.3M	$4.78B	50x
MEXC ETH_USDT	+0.0090%	8h	$1.54B	$2.48B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	$6.54B	$15.40B	150x	as long as short
Lighter ETH	+0.0096%	1h	$118.2M	$500.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.8M	$119.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$44.8M	500x	as long as short
Hibachi ETH/USDT-P	+0.0096%	1h	$288K	$1.3M	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.4M	$11.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$475K	$2.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.8M	$113.3M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$273.5M	$842.1M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.0M	$209.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.49B	$4.41B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$13.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$15.7M	25x	as long as short
Bulk ETH-USDshort	+0.0100%	1h	$151.8M	$273.7M	25x
KuCoin ETHUSDTM	+0.0100%	8h	$442.4M	$656.3M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	—	$16.2M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.0M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$151.7M	$300.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$177.5M	$751.7M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$51.6M	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	$10.7M	$5.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$21K	$26K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$945K	$14.6M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.6M	$75.3M	50x	as long as short
Reya ETHRUSDPERP	+0.0161%	1h	$7.3M	$970K	25x	as long as short
RISEx ETH/USDC	+0.0171%	1h	$5.8M	$13.3M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0207%	8h	$32.2M	$10.6M	100x	as long as short
BloFin ETH-USDT	+0.0210%	8h	$295.5M	$178.3M	150x	as long as short
Deribit ETH-PERPETUAL	+0.0220%	1h	$260.0M	$215.3M	50x	as long as short
Aftermath Perps ETHUSD	+0.0291%	1h	$29K	$27K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0350%	1h	$87.6M	$312.5M	100x	as long as short
Hyperliquid ETH	+0.0353%	1h	$3.28B	$2.18B	25x	as long as short
Derive ETH-PERP	+0.0357%	1h	$42.7M	$27.1M	15x	as long as short