ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h −0.009%

Price spread now: Vest against Derive−0.077%7-day average −0.037% · you buy dearer than you sell

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

Long on Derive Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.045%−$4 on $10k

Price spread, last 3 days (all we have)+0.043%+$4 · spread now −0.077%, 7d avg −0.037%

Together, before fees−0.002%+ Points / potential airdropVest: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Vest is 0.040% cheaper against Derive than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ETH-PERP	2,773	0.0100	pay 0.0013% / 1h	34m 09s	$42.6M	$29.0M	15x
Short	Vest ETH-PERP	2,770.9	0.0083	get 0.0010% / 1h	34m 09s	—	$878K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$3.56
Price spread: −0.077% → −0.037%: −$4
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$15.57
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample	—	—	—	—	—

Derive and Vest: 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
Injective ETH/USDC PERP	−0.0752%	1h	2,762.9	−0.366%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,770.8	−0.080%	$5.6M	$11.3M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,769.6	−0.124%	$321K	$6.3M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771	−0.074%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,770.3	−0.099%	$168K	$1.1M	50x	as long as short
Phemex ETHUSDT	−0.0020%	8h	2,770.8	−0.082%	$269.7M	$67.4M	150x	as long as short
Phoenix ETH	−0.0003%	1h	2,771.5	−0.056%	$876K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771	−0.074%	$12.2M	$45.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.4	−0.058%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0024%	8h	2,771.3	−0.062%	$1.71B	$11.21B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet ETH-USD	+0.0024%	1h	2,770.6	−0.090%	$184K	$1.7M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0025% / S +0.0009%	1h	2,771.3	−0.063%	$12.7M	—	200x	as long as short
SoDEX ETH-USD	+0.0036%	1h	2,771	−0.074%	$55.2M	$188.0M	40x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,770.6	−0.089%	$256.7M	$886.6M	200x	as long as short
Binance ETHUSDT	+0.0054%	8h	2,770.2	−0.103%	$6.47B	$16.38B	150x	as long as short
MEXC ETH_USDT	+0.0055%	8h	2,771.3	−0.064%	$1.63B	$2.63B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,768.6	−0.161%	$5.0M	$165K	20x	as long as short
Aftermath Perps ETHUSD	+0.0062%	1h	2,772.2	−0.029%	$31K	$23K	20x	as long as short
HTX ETH-USDT	+0.0066%	8h	2,770.6	−0.088%	$1.08B	$1.26B	200x	as long as short
Bitget ETHUSDT	+0.0071%	8h	2,771.3	−0.065%	$2.10B	$2.88B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,772.4	−0.023%	$60.3M	$4.45B	50x	as long as short
KuCoin ETHUSDTM	+0.0083%	8h	2,771.3	−0.063%	$420.2M	$632.9M	100x	as long as short
Vest ETH-PERPshort	+0.0083%	1h	2,770.9	−0.077%	—	$878K	50x
Gate ETH_USDT	+0.0089%	8h	2,771.3	−0.062%	$3.35B	$8.97B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,771.7	−0.047%	$115.3M	$457.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,773	−0.002%	$25.8M	$111.2M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,770.8	−0.082%	$15.9M	$8.8M	50x	as long as short
SunX ETH-USDT	+0.0099%	8h	2,770.3	−0.097%	$972K	$13.3M	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,770.4	−0.095%	$486K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.6	−0.087%	$14.8M	$114.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.2	+0.006%	$3.17B	$2.24B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,770.7	−0.084%	$31.3M	$323.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,770.3	−0.098%	$2.51B	$4.38B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.2	−0.102%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.4	−0.059%	$2.8M	$17.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.8	−0.116%	$171.6M	$277.9M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,770.9	−0.076%	—	$17.4M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.6	−0.052%	$15.2M	$42.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,772.3	−0.028%	$142.1M	$343.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,773	−0.003%	$182.0M	$786.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.5	−0.057%	$161.2M	$84.7M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,772.1	−0.034%	$8.7M	$32.2M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,770.5	−0.092%	$21.4M	$62.1M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.6	−0.088%	$10.6M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.1	−0.070%	$21K	$22K	25x	as long as short
Derive ETH-PERPlong	+0.0100%	1h	2,773	long leg	$42.6M	$29.0M	15x
Extended ETH-USD	+0.0104%	1h	2,770.4	−0.095%	$30.9M	$74.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,771.4	−0.058%	—	$37.0M	500x	as long as short
Kalshi KXETHPERP	+0.0108%	8h	2,771.5	−0.056%	$8.0M	$682.9M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0111%	1h	2,772.5	−0.019%	$259.1M	$207.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,772.5	−0.018%	$93.4M	$316.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0149%	8h	2,773.9	+0.030%	$32.6M	$11.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,773.9	+0.030%	$253K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0175%	8h	2,768.4	−0.166%	$287.6M	$185.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0210%	1h	2,770.5	−0.091%	$7.3M	$1.2M	25x	as long as short