ETH

Alert

Funding spread now, next payment 17:00 UTC−0.0004%/8h

next payment, per $10,000−$0.01paid, last 24h−0.010%paid, last 7 days−0.148%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ETH-PERP	2,759.8	0.0100	pay 0.0013% / 1h	22m 59s	$42.7M	$29.7M	15x
Short	Lighter ETH	2,758.4	0.0096	get 0.0012% / 1h	22m 59s	$116.6M	$500.2M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee LighterbpOrdersRate

Funding earned: −$0.84
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.84
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Lighter: live order book, 8 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.051%
Avg gap 7d: −0.023%

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 Lighter live order book, 8 min ago	0.40 bp	0.4 bp $0	0.7 bp −$7	1.5 bp −$146	4.1 bp −$2,030

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	$462K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0054%	1h	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0013% / S +0.0045%	1h	$11.8M	—	200x	as long as short
dYdX ETH-USD	+0.0001%	1h	$16.1M	$34.8M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.3M	—	200x	as long as short
HTX ETH-USDT	+0.0009%	8h	$1.09B	$1.20B	200x	as long as short
BingX ETH-USDT	+0.0010%	8h	—	$1.11B	—	as long as short
SoDEX ETH-USD	+0.0012%	1h	$55.6M	$162.0M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0014%	8h	$1.72B	$11.24B	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX ETH-USDT	+0.0025%	8h	$950K	$14.6M	100x	as long as short
Phoenix ETH	+0.0035%	1h	$1.4M	$2.4M	25x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	$180K	$1.2M	50x	as long as short
Bulk ETH-USD	+0.0061%	1h	$159.6M	$276.9M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0069%	1h	$259.5M	$212.3M	50x	as long as short
MEXC ETH_USDT	+0.0072%	8h	$1.52B	$2.48B	500x	as long as short
Aevo ETH-PERP	+0.0072%	1h	$5.0M	$723K	20x	as long as short
Binance ETHUSDT	+0.0073%	8h	$6.57B	$15.95B	150x	as long as short
Bitget ETHUSDT	+0.0079%	8h	$2.11B	$3.14B	150x	as long as short
Lighter ETHshort	+0.0096%	1h	$116.6M	$500.2M	50x
Lighter RH ETH	+0.0096%	1h	$25.3M	$118.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$44.2M	500x	as long as short
Phemex ETHUSDT	+0.0098%	8h	$265.9M	$66.8M	150x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$15.0M	$11.7M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$470K	$2.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$18.0M	$111.5M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$277.3M	$889.9M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.3M	$221.5M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.53B	$4.45B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$14.9M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.7M	$16.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	$3.46B	$8.93B	200x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$422.1M	$692.6M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.3M	$39.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$145.9M	$312.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$179.0M	$762.7M	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	$8.1M	$28.0M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.2M	$51.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.7M	$5.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	$199K	$1.8M	20x	as long as short
Derive ETH-PERPlong	+0.0100%	1h	$42.7M	$29.7M	15x
Extended ETH-USD	+0.0104%	1h	$31.7M	$78.2M	50x	as long as short
Hibachi ETH/USDT-P	+0.0104%	1h	$286K	$1.4M	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	$59.8M	$4.72B	50x	as long as short
RISEx ETH/USDC	+0.0122%	1h	$5.8M	$13.0M	25x	as long as short
Kalshi KXETHPERP	+0.0133%	8h	$10.1M	$563.1M	4.9x	as long as short
Reya ETHRUSDPERP	+0.0174%	1h	$7.4M	$958K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	$32.4M	$10.9M	100x	as long as short
BloFin ETH-USDT	+0.0193%	8h	$292.3M	$176.4M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0262%	1h	$85.9M	$315.8M	100x	as long as short
Aftermath Perps ETHUSD	+0.0292%	1h	$29K	$22K	20x	as long as short
Hyperliquid ETH	+0.0465%	1h	$3.30B	$2.12B	25x	as long as short
Bluefin ETH-PERP	+0.2478%	1h	$21K	$26K	25x	as long as short