ETH

Alert

Funding spread now, next payment 14:00 UTC−0.0501%/8h

paid, last 24h−0.027%paid, last 7 days−0.203%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.203% in total (about -10.6% 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	2,735.2	0.0501	pay 0.0063% / 1h	33m 11s	$39.9M	$17.3M	15x
Short	Kalshi KXETHPERP	2,731.5	0	get 0.0000% / 8h	6h 33m	$2.7M	$447.9M	4.9x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee KalshibpOrdersRate

Funding earned: −$105.13
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$121.13
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.137%
Avg gap 7d: −0.089%

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 Kalshi live order book, 2 min ago	0.55 bp	6.2 bp −$6	7.8 bp −$78	11.6 bp −$1,157	18.6 bp −$9,284

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
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$472	50x	as long as short
Gate ETH_USDT	−0.0069%	8h	$3.71B	$7.93B	200x	as long as short
ApeX Omni ETHUSDT	−0.0056%	1h	$7.6M	$26.8M	100x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0016% / S +0.0047%	1h	$11.4M	—	200x	as long as short
Kalshi KXETHPERPshort	0.0000%	8h	$2.7M	$447.9M	4.9x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.1M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0026%	8h	$1.70B	$10.14B	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0032%	1h	$61.5M	$4.47B	50x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	$190K	$883K	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0056%	1h	$78.9M	$299.5M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix ETH	+0.0061%	1h	$1.4M	$2.5M	25x	as long as short
SoDEX ETH-USD	+0.0066%	1h	$55.5M	$139.7M	40x	as long as short
Phemex ETHUSDT	+0.0071%	8h	$264.1M	$65.4M	150x	as long as short
Backpack ETH_USDC_PERP	+0.0072%	1h	$15.6M	$38.3M	50x	as long as short
Bitget ETHUSDT	+0.0081%	8h	$2.12B	$2.84B	150x	as long as short
Lighter ETH	+0.0096%	1h	$118.5M	$423.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.8M	$107.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.1M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$795K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$468K	$1.8M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$13.8M	$10.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.2M	$101.1M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$273.5M	$768.7M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$30.8M	$172.5M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.59B	$13.74B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.44B	$4.04B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$9.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.2M	$12.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$150.5M	$270.0M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.58B	$2.22B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$393.5M	$649.0M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.02B	—	as long as short
Variational Omni ETH	+0.0100%	8h	$153.9M	$289.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$189.9M	$634.7M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$51.5M	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	$10.8M	$4.7M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	$183K	$1.9M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$19K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$941K	$13.4M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.09B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.3M	$62.0M	50x	as long as short
Perpl ETH	+0.0112%	43m	$193K	$4.9M	8.3x	as long as short
Reya ETHRUSDPERP	+0.0143%	1h	$7.3M	$901K	25x	as long as short
Hibachi ETH/USDT-P	+0.0144%	1h	$300K	$1.2M	20x	as long as short
Hyperliquid ETH	+0.0145%	1h	$3.16B	$1.95B	25x	as long as short
Deribit ETH-PERPETUAL	+0.0146%	1h	$259.4M	$205.1M	50x	as long as short
RISEx ETH/USDC	+0.0179%	1h	$5.9M	$12.5M	25x	as long as short
Injective ETH/USDC PERP	+0.0206%	1h	$117K	$22.5M	52x	as long as short
Orderly PERP_ETH_USDC	+0.0218%	8h	$32.0M	$10.9M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$293.9M	$163.1M	150x	as long as short
Aftermath Perps ETHUSD	+0.0249%	1h	$29K	$33K	20x	as long as short
dYdX ETH-USD	+0.0464%	1h	$24.4M	$20.5M	50x	as long as short
Derive ETH-PERPlong	+0.0501%	1h	$39.9M	$17.3M	15x