ETH

Alert

Funding spread now, next payment 16:00 UTC+0.0213%/8h

next payment, per $10,000+$0.27paid, last 24h−0.056%paid, last 7 days−0.048%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 -0.048% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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	2,761.9	0.0077	pay 0.0010% / 1h	8m 39s	$16.2M	$33.1M	50x
Short	Derive ETH-PERP	2,755.8	0.0290	get 0.0036% / 1h	8m 39s	$42.8M	$27.7M	15x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee DerivebpOrdersRate

Funding earned: $44.82
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $28.82
Break-even: 2.5 days

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

Price risk

price view

Price gap now: −0.221%
Avg gap 7d: +0.036%

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, 2 min ago	5.27 bp	11.0 bp −$11	11.0 bp −$110	15.5 bp −$1,549	21.4 bp −$10.7K
Sell Derive no order-book sample	—	—	—	—	—

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	$404K	$5.9M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Gate ETH_USDT	−0.0050%	8h	$3.54B	$8.84B	200x	as long as short
ApeX Omni ETHUSDT	−0.0022%	1h	$7.7M	$27.7M	100x	as long as short
01 Exchange ETHUSD	0.0000%	1h	$187K	$1.2M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$8.1M	$540.9M	4.9x	as long as short
SoDEX ETH-USD	+0.0002%	1h	$55.6M	$161.6M	40x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.3M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0013%	8h	$1.70B	$11.28B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0019% / S +0.0013%	1h	$12.0M	—	200x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bullet ETH-USD	+0.0021%	1h	$191K	$1.9M	20x	as long as short
Phemex ETHUSDT	+0.0035%	8h	$266.2M	$66.3M	150x	as long as short
Phoenix ETH	+0.0050%	1h	$1.4M	$2.4M	25x	as long as short
Bitget ETHUSDT	+0.0062%	8h	$2.14B	$3.13B	150x	as long as short
Injective ETH/USDC PERP	+0.0067%	1h	$118K	$22.5M	52x	as long as short
dYdX ETH-USDlong	+0.0077%	1h	$16.2M	$33.1M	50x
HTX ETH-USDT	+0.0078%	8h	$1.09B	$1.19B	200x	as long as short
Hibachi ETH/USDT-P	+0.0088%	1h	$289K	$1.3M	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	$60.5M	$4.80B	50x	as long as short
MEXC ETH_USDT	+0.0092%	8h	$1.53B	$2.50B	500x	as long as short
Binance ETHUSDT	+0.0093%	8h	$6.57B	$15.57B	150x	as long as short
Lighter ETH	+0.0096%	1h	$118.1M	$506.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$26.1M	$120.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$44.7M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$729K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.6M	$11.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$480K	$2.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$18.0M	$113.7M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$274.8M	$853.4M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.2M	$212.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.52B	$4.45B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$13.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$15.7M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$151.8M	$273.7M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$406.6M	$671.6M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.10B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.1M	$39.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$153.8M	$301.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$178.4M	$737.8M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.1M	$51.6M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.8M	$5.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$21K	$26K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$948K	$14.7M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.2M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.8M	$75.3M	50x	as long as short
Reya ETHRUSDPERP	+0.0162%	1h	$7.3M	$970K	25x	as long as short
RISEx ETH/USDC	+0.0171%	1h	$5.8M	$13.4M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0206%	8h	$32.3M	$10.6M	100x	as long as short
BloFin ETH-USDT	+0.0212%	8h	$295.4M	$180.1M	150x	as long as short
Derive ETH-PERPshort	+0.0290%	1h	$42.8M	$27.7M	15x
Deribit ETH-PERPETUAL	+0.0291%	1h	$258.9M	$216.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0292%	1h	$29K	$27K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0348%	1h	$87.2M	$313.8M	100x	as long as short
Hyperliquid ETH	+0.0362%	1h	$3.31B	$2.17B	25x	as long as short