ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.011%

Price spread now: Derive against Coinbase International+0.037%7-day average +0.026% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now +0.037%, 7d avg +0.026%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETH-PERP-INTX	2,783.6	0.0088	pay 0.0011% / 1h	50m 15s	$60.3M	$4.62B	50x
Short	Derive ETH-PERP	2,784.6	0.0100	get 0.0013% / 1h	50m 15s	$42.8M	$29.4M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DerivebpOrdersPrice spread, now +0.037%Rate

Funding earned: $2.52
Price spread: +0.037% → +0.026%: $1.18
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$12.3
Costs to cover: 0.160%
Break-even: 41.2 days

Slippage unknown: Coinbase International: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.

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, 4 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	7.6 bp −$764	20.7 bp −$10.3K
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 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,784.2	+0.023%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,783.5	−0.001%	$5.7M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,782.5	−0.038%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,784.9	+0.048%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0066%	1h	2,786.6	+0.109%	$8.8M	$32.8M	100x	as long as short
01 Exchange ETHUSD	−0.0024%	1h	2,784.2	+0.023%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0009%	1h	2,782.8	−0.027%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,784.6	+0.038%	$12.8M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,785	+0.052%	$888K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,783.5	−0.004%	$22.5M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0016%	8h	2,782.5	−0.039%	—	$17.4M	—	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,782.1	−0.052%	$1.71B	$11.91B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,783.2	−0.011%	$12.9M	—	200x	as long as short
Phemex ETHUSDT	+0.0027%	8h	2,783.3	−0.010%	$271.2M	$68.8M	150x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,783.9	+0.012%	$256.9M	$1.00B	200x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,782.8	−0.028%	$5.1M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,782.5	−0.038%	$2.11B	$3.11B	150x	as long as short
MEXC ETH_USDT	+0.0066%	8h	2,782.9	−0.025%	$1.60B	$2.63B	500x	as long as short
Binance ETHUSDT	+0.0066%	8h	2,782.8	−0.026%	$6.45B	$17.27B	150x	as long as short
Gate ETH_USDT	+0.0071%	8h	2,782.7	−0.029%	$3.31B	$9.59B	200x	as long as short
Bullet ETH-USD	+0.0074%	1h	2,782.7	−0.031%	$184K	$1.7M	20x	as long as short
Coinbase International ETH-PERP-INTXlong	+0.0088%	1h	2,783.6	long leg	$60.3M	$4.62B	50x
KuCoin ETHUSDTM	+0.0089%	8h	2,783.8	+0.008%	$423.5M	$739.7M	100x	as long as short
Bybit ETHUSDT	+0.0090%	8h	2,782.6	−0.034%	$2.52B	$4.63B	150x	as long as short
HTX ETH-USDT	+0.0090%	8h	2,783.1	−0.015%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,784.6	+0.036%	$116.3M	$495.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,786.1	+0.091%	$25.4M	$120.7M	50x	as long as short
Vest ETH-PERP	+0.0097%	1h	2,784.2	+0.024%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,783.9	+0.012%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,783.5	−0.002%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,784.1	+0.019%	$14.4M	$118.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,786	+0.088%	$3.20B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,784.6	+0.039%	$31.3M	$306.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,783.7	+0.005%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,785	+0.051%	$2.7M	$17.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,784.2	+0.024%	$168.3M	$253.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,783	−0.018%	$15.1M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,782.7	−0.031%	$147.8M	$336.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,782.4	−0.043%	$182.1M	$780.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,784.1	+0.019%	$161.9M	$90.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,783.6	+0.002%	$21.5M	$58.3M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,784.7	+0.041%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,783.4	−0.005%	$21K	$24K	25x	as long as short
Derive ETH-PERPshort	+0.0100%	1h	2,784.6	+0.037%	$42.8M	$29.4M	15x
SunX ETH-USDT	+0.0100%	8h	2,782.8	−0.026%	$976K	$13.9M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,782.2	−0.048%	$55.4M	$229.0M	40x	as long as short
Deribit ETH-PERPETUAL	+0.0102%	1h	2,783.9	+0.013%	$258.9M	$222.8M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,781.8	−0.064%	$32.7M	$77.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,783.6	+0.001%	—	$41.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0122%	1h	2,783.1	−0.016%	$86.7M	$332.6M	100x	as long as short
Kalshi KXETHPERP	+0.0124%	8h	2,784.8	+0.045%	$8.5M	$682.3M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,785.3	+0.063%	$32.7M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0186%	8h	2,783.3	−0.010%	$285.1M	$195.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0198%	1h	2,783.2	−0.012%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,785	+0.051%	$271K	$1.5M	20x	as long as short