ETH

Alert

Funding spread now, next payment 16:00 UTC−0.0257%/8h

next payment, per $10,000−$0.32paid, last 24h−0.007%paid, last 3 days−0.153%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ETH-PERP	2,748.7	0.0357	pay 0.0045% / 1h	13m 52s	$42.7M	$27.1M	15x
Short	Arcus ETH-USD	2,745.6	0.0100	get 0.0013% / 1h	13m 52s	$2.5M	$15.7M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee ArcusbpOrdersRate

Funding earned: −$54
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$64.5
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Arcus: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.113%
Avg gap 7d: −0.020%

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 Derive no order-book sample	—	—	—	—	—
Sell Arcus live order book, 2 min ago	0.04 bp	2.3 bp −$2	2.6 bp −$26	12.5 bp −$1,250	doesn't fit

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
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	$3.71B	$8.72B	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	$11.08B	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-INTX	+0.0088%	1h	$60.3M	$4.78B	50x	as long as short
MEXC ETH_USDT	+0.0090%	8h	$1.54B	$2.48B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	$6.54B	$15.41B	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	$842.3M	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-USDshort	+0.0100%	1h	$2.5M	$15.7M	25x
Bulk ETH-USD	+0.0100%	1h	$151.8M	$273.7M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$442.7M	$656.3M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.10B	—	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-PERPlong	+0.0357%	1h	$42.7M	$27.1M	15x