ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0185%/8h= −20.3% APRnext payment −$0.23 per $10,000 · paid last 24h −0.007%

Price spread now: RISEx against Derive−0.045%7-day average −0.038% · you buy dearer than you sell

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

Long on Derive Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$1 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.045%, 7d avg −0.038%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.015% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. 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	2,773.1	0.0100	pay 0.0013% / 1h	7m 54s	$42.7M	$29.4M	15x
Short	RISEx ETH/USDC	2,771.8	−0.0085	pay 0.0011% / 1h	7m 54s	$5.7M	$11.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Derive. 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 DerivebpFee RISExbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$38.87
Price spread: −0.045% → −0.038%: −$0.63
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$51.5
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; RISEx: live order book, 1 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 RISEx live order book, 1 min ago	0.02 bp	3.2 bp −$3	4.4 bp −$44	doesn't fit	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 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	2,773.7	+0.020%	$287K	$6.9M	8.3x	as long as short
RISEx ETH/USDCshort	−0.0085%	1h	2,771.8	−0.045%	$5.7M	$11.8M	25x
Hotstuff ETH-PERP	−0.0080%	1h	2,774.5	+0.051%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,779.6	+0.235%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,772.4	−0.025%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0002%	1h	2,773.8	+0.027%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,774	+0.032%	$12.7M	$45.7M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,773.5	+0.015%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.7	−0.049%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0015%	8h	2,770.9	−0.080%	—	$1.20B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0017%	8h	2,770.6	−0.090%	$1.70B	$11.84B	100x	as long as short
Phemex ETHUSDT	+0.0024%	8h	2,771	−0.077%	$269.8M	$68.9M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,771.7	−0.050%	$12.9M	—	200x	as long as short
Bullet ETH-USD	+0.0027%	1h	2,770.9	−0.077%	$181K	$1.7M	20x	as long as short
Deribit ETH-PERPETUAL	+0.0031%	1h	2,772	−0.038%	$258.5M	$222.2M	50x	as long as short
Aster ETHUSDT	+0.0031%	8h	2,770.5	−0.093%	$255.6M	$995.0M	200x	as long as short
Nado ETH-PERP	+0.0057%	1h	2,772	−0.039%	$14.2M	$118.1M	50x	as long as short
MEXC ETH_USDT	+0.0060%	8h	2,770.6	−0.089%	$1.61B	$2.68B	500x	as long as short
Binance ETHUSDT	+0.0060%	8h	2,770.9	−0.079%	$6.43B	$17.22B	150x	as long as short
ApeX Omni ETHUSDT	+0.0062%	1h	2,772.2	−0.033%	$8.7M	$32.6M	100x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,768.3	−0.173%	$5.0M	$636K	20x	as long as short
SoDEX ETH-USD	+0.0065%	1h	2,770.5	−0.093%	$55.2M	$229.0M	40x	as long as short
Bitget ETHUSDT	+0.0067%	8h	2,770.5	−0.093%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0072%	8h	2,770.6	−0.089%	$3.28B	$9.67B	200x	as long as short
HTX ETH-USDT	+0.0089%	8h	2,771.3	−0.065%	$1.08B	$1.32B	200x	as long as short
Bybit ETHUSDT	+0.0092%	8h	2,770.8	−0.084%	$2.51B	$4.62B	150x	as long as short
KuCoin ETHUSDTM	+0.0095%	8h	2,770.6	−0.091%	$421.0M	$739.0M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,770.7	−0.087%	$114.9M	$503.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.2	−0.032%	$25.3M	$121.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,772.9	−0.008%	—	$41.6M	500x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,773.6	+0.017%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,772.7	−0.014%	$477K	$2.7M	50x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,772.1	−0.034%	—	$1.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.3	+0.008%	$3.18B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,774.4	+0.046%	$31.2M	$303.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,772.5	−0.021%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,774	+0.034%	$2.7M	$17.6M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.8	−0.081%	$166.1M	$253.0M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,770.8	−0.084%	$15.1M	$44.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.9	−0.081%	$144.7M	$334.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,771.1	−0.072%	$181.4M	$779.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.5	−0.021%	$161.3M	$91.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,773.5	+0.015%	$21.4M	$58.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.4	−0.025%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.5	−0.059%	$21K	$24K	25x	as long as short
Derive ETH-PERPlong	+0.0100%	1h	2,773.1	long leg	$42.7M	$29.4M	15x
SunX ETH-USDT	+0.0100%	8h	2,770.7	−0.085%	$970K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,770.1	−0.109%	$32.6M	$77.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,771.6	−0.054%	$59.7M	$4.59B	50x	as long as short
Kalshi KXETHPERP	+0.0125%	8h	2,774.6	+0.055%	$8.4M	$681.0M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,773.4	+0.010%	$32.5M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,771.3	−0.064%	$85.9M	$332.1M	100x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,773.3	+0.009%	$284.7M	$194.4M	150x	as long as short
Reya ETHRUSDPERP	+0.0194%	1h	2,770.6	−0.088%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,774.9	+0.064%	$270K	$1.5M	20x	as long as short