Funding you earn now, next payment 05:00 UTC+0.0270%/8h= +29.5% APRpaid last 24h +0.012%
Price spread now: BloFin against Derive−0.053%7-day average −0.063% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.053%, 7d avg −0.063%
=The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% 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 | Derive ETH-PERP | 2,735.7 | 0.0100 | pay 0.0013% / 1h | 28m 44s | $41.3M | $29.9M | 15x |
| Short | BloFin ETH-USDT | 2,734.2 | 0.0370 | get 0.0370% / 8h | 3h 28m | $283.1M | $175.1M | 150x |
Derive ETH-PERP
BloFin ETH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Derive. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $56.67
- Price spread: −0.053% → −0.063%
- $1
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $39.67
- Costs to cover
- 0.180%
- Break-even
- 2.1 days
Slippage unknown: Derive: no order-book sample; BloFin: live order book, 5 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 5 min ago | 0.02 bp | 6.0 bp −$6 | 6.1 bp −$61 | 6.9 bp −$686 | 8.4 bp −$4,220 |
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 | 2,735.3 | −0.015% | $297K | $5.6M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,738.6 | +0.107% | $5K | $1K | 50x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,734.5 | −0.043% | $11.9M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,739 | +0.122% | $821K | $2.9M | 25x | as long as short |
| HTX ETH-USDT | −0.0005% | 8h | 2,733 | −0.098% | $1.06B | $1.20B | 200x | as long as short |
| dYdX ETH-USD | +0.0004% | 1h | 2,734.2 | −0.052% | $10.7M | $42.0M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,734.5 | −0.041% | $28.1M | — | 200x | as long as short |
| Bullet ETH-USD | +0.0026% | 1h | 2,734 | −0.061% | $179K | $1.7M | 20x | as long as short |
| BingX ETH-USDT | +0.0033% | 8h | 2,733.9 | −0.066% | — | $1.14B | — | as long as short |
| Bybit ETHUSDT | +0.0041% | 8h | 2,733.3 | −0.088% | $2.37B | $4.37B | 150x | as long as short |
Perpl ETH
Hotstuff ETH-PERP
GMX ETH/USD [ETH-USDC]
Phoenix ETH
HTX ETH-USDT
dYdX ETH-USD
gTrade (Gains Network) ETH/USD
Bullet ETH-USD
BingX ETH-USDT
Bybit ETHUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ETHUSD | +0.0048% | 1h | 2,735.1 | −0.020% | $187K | $815K | 50x | as long as short |
| KuCoin ETHUSDTM | +0.0068% | 8h | 2,734.2 | −0.053% | $379.8M | $573.5M | 100x | as long as short |
| Deribit ETH-PERPETUAL | +0.0068% | 1h | 2,735.4 | −0.010% | $259.5M | $200.2M | 50x | as long as short |
| OKX ETH-USDT-SWAP | +0.0076% | 8h | 2,733.6 | −0.077% | $1.67B | $10.73B | 100x | as long as short |
| SunX ETH-USDT | +0.0080% | 8h | 2,734.2 | −0.053% | $959K | $11.2M | 100x | as long as short |
| Aster ETHUSDT | +0.0084% | 8h | 2,734.2 | −0.053% | $251.1M | $841.9M | 200x | as long as short |
| ApeX Omni ETHUSDT | +0.0085% | 1h | 2,737.8 | +0.077% | $8.7M | $31.2M | 100x | as long as short |
| Phemex ETHUSDT | +0.0086% | 8h | 2,734.3 | −0.050% | $265.1M | $65.1M | 150x | as long as short |
| MEXC ETH_USDT | +0.0092% | 8h | 2,733.6 | −0.074% | $1.55B | $2.57B | 500x | as long as short |
| Binance ETHUSDT | +0.0092% | 8h | 2,733.7 | −0.072% | $6.35B | $15.89B | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,734.2 | −0.052% | $112.8M | $432.4M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,735.6 | −0.004% | $23.4M | $104.3M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,736.1 | +0.015% | — | $30.9M | 500x | as long as short |
| Aevo ETH-PERP | +0.0096% | 1h | 2,731.7 | −0.145% | $4.9M | $155K | 20x | as long as short |
| Injective ETH/USDC PERP | +0.0096% | 1h | 2,735.8 | +0.005% | $117K | $22.5M | 52x | as long as short |
| SoDEX ETH-USD | +0.0097% | 1h | 2,734.2 | −0.053% | $54.4M | $187.7M | 40x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,733.4 | −0.083% | $505K | $3.3M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,736.9 | +0.047% | $15.6M | $8.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,735.1 | −0.020% | $13.8M | $104.6M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,736.4 | +0.027% | $3.10B | $2.05B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,734.6 | −0.039% | $31.9M | $333.7M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,733.4 | −0.083% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,734.9 | −0.027% | $1.5M | $16.0M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,736.4 | +0.028% | $170.3M | $327.0M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,734 | −0.061% | $3.33B | $8.89B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,733.9 | −0.063% | $2.07B | $2.72B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,733.4 | −0.083% | $15.2M | $40.3M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,737.4 | +0.064% | $133.6M | $321.9M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,736.2 | +0.018% | $184.1M | $671.1M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,738.1 | +0.089% | $159.3M | $86.9M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,738 | +0.086% | $21.1M | $69.2M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,735.8 | +0.006% | — | $844K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,735.8 | +0.005% | $11.2M | $9.3M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,734.6 | −0.038% | $21K | $20K | 25x | as long as short |
| Derive ETH-PERPlong | +0.0100% | 1h | 2,735.7 | long leg | $41.3M | $29.9M | 15x | |
| Extended ETH-USD | +0.0104% | 1h | 2,732.7 | −0.109% | $30.6M | $73.1M | 50x | as long as short |
| RISEx ETH/USDC | +0.0107% | 1h | 2,734.7 | −0.037% | $5.6M | $11.7M | 25x | as long as short |
| Aftermath Perps ETHUSD | +0.0108% | 1h | 2,737 | +0.050% | $30K | $20K | 20x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0120% | 1h | 2,735 | −0.023% | $50.9M | $4.28B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0137% | 8h | 2,735.7 | +0.001% | $6.5M | $684.2M | 4.9x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0153% | 1h | 2,734.9 | −0.028% | $83.3M | $315.0M | 100x | as long as short |
| Orderly PERP_ETH_USDC | +0.0196% | 8h | 2,736.2 | +0.020% | $32.2M | $11.7M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0211% | 1h | 2,733.5 | −0.080% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0256% | 1h | 2,738.3 | +0.097% | $245K | $1.4M | 20x | as long as short |
| BloFin ETH-USDTshort | +0.0370% | 8h | 2,734.2 | −0.053% | $283.1M | $175.1M | 150x |
01 Exchange ETHUSD
KuCoin ETHUSDTM
Deribit ETH-PERPETUAL
OKX ETH-USDT-SWAP
SunX ETH-USDT
Aster ETHUSDT
ApeX Omni ETHUSDT
Phemex ETHUSDT
MEXC ETH_USDT
Binance ETHUSDT
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Aevo ETH-PERP
Injective ETH/USDC PERP
SoDEX ETH-USD
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Extended ETH-USD
RISEx ETH/USDC
Aftermath Perps ETHUSD
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Kraken Futures PF_ETHUSD
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Hibachi ETH/USDT-P