ETH

Alert

Funding spread now, next payment 15:00 UTC−0.0380%/8h

next payment, per $10,000−$0.47paid, last 24h−0.069%paid, last 7 days−0.091%to open and close $10k−$24

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.47 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	dYdX ETH-USD	2,733.5	0.0459	pay 0.0057% / 1h	57m 40s	$24.3M	$20.9M	50x
Short	Backpack ETH_USDC_PERP	2,732.3	0.0080	get 0.0010% / 1h	57m 40s	$15.5M	$38.4M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee BackpackbpOrdersRate

Funding earned: −$79.73
Slippage, 4 orders: −$4.06
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$103.79
Break-even: never at this rate

Slippage from dYdX: live order book, 3 min ago; Backpack: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.044%
Avg gap 7d: −0.002%

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 dYdX live order book, 3 min ago	0.37 bp	7.0 bp −$7	11.3 bp −$113	14.8 bp −$1,478	37.0 bp −$18.5K
Sell Backpack live order book, 3 min ago	0.02 bp	5.4 bp −$5	6.4 bp −$64	16.1 bp −$1,608	doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ETH/USDC PERP	−0.0112%	1h	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$1K	50x	as long as short
Gate ETH_USDT	−0.0042%	8h	$3.71B	$8.16B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0014% / S +0.0046%	1h	$11.7M	—	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$4.5M	$474.3M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.2M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	$1.72B	$10.54B	100x	as long as short
Phemex ETHUSDT	+0.0020%	8h	$264.5M	$65.7M	150x	as long as short
ApeX Omni ETHUSDT	+0.0036%	1h	$7.6M	$27.2M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$61.5M	$4.65B	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bullet ETH-USD	+0.0057%	1h	$183K	$1.9M	20x	as long as short
Phoenix ETH	+0.0061%	1h	$1.4M	$2.3M	25x	as long as short
Backpack ETH_USDC_PERPshort	+0.0080%	1h	$15.5M	$38.4M	50x
Bitget ETHUSDT	+0.0082%	8h	$2.13B	$2.93B	150x	as long as short
Lighter ETH	+0.0096%	1h	$119.3M	$465.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.4M	$112.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$781K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	$13.7M	$11.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$468K	$1.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$19.3M	$109.5M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$267.1M	$801.0M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.0M	$185.4M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.58B	$14.35B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.45B	$4.22B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.4M	$13.5M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.54B	$2.29B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$393.7M	$666.7M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.04B	—	as long as short
Variational Omni ETH	+0.0100%	8h	$155.6M	$288.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$193.1M	$660.1M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$55.2M	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
Bluefin ETH-PERP	+0.0100%	1h	$19K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$942K	$13.9M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	$55.6M	$139.7M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.12B	200x	as long as short
Bulk ETH-USD	+0.0100%	1h	$150.7M	$266.1M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	$33.0M	$71.9M	50x	as long as short
Perpl ETH	+0.0112%	43m	$172K	$5.2M	8.3x	as long as short
Reya ETHRUSDPERP	+0.0146%	1h	$7.3M	$913K	25x	as long as short
Deribit ETH-PERPETUAL	+0.0193%	1h	$259.4M	$208.2M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0215%	8h	$32.1M	$11.1M	100x	as long as short
Hibachi ETH/USDT-P	+0.0216%	1h	$282K	$1.2M	20x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$293.1M	$164.7M	150x	as long as short
Aftermath Perps ETHUSD	+0.0223%	1h	$29K	$34K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0261%	1h	$83.4M	$314.5M	100x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$5.8M	$13.1M	25x	as long as short
Ondo Perps ETH-USD.P	+0.0430%	1h	$3.3M	$12.4M	25x	as long as short
dYdX ETH-USDlong	+0.0459%	1h	$24.3M	$20.9M	50x
Hyperliquid ETH	+0.0466%	1h	$3.23B	$2.03B	25x	as long as short
Derive ETH-PERP	+0.0544%	1h	$41.7M	$18.4M	15x	as long as short
01 Exchange ETHUSD	+0.0648%	1h	$187K	$1.0M	50x	as long as short