Funding spread now, next payment 15:00 UTC+0.0269%/8h
paid, last 24h+0.003%paid, last 7 days+0.030%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 0.030% in total (about 1.6% a year). A funding rate is set anew for every payment. 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 | edgeX ETHUSDC | 2,743.1 | 0.0100 | pay 0.0050% / 4h | 1h 03m | $194.9M | $689.9M | 100x |
| Short | Derive ETH-PERP | 2,749.5 | 0.0369 | get 0.0046% / 1h | 3m 56s | $42.9M | $25.0M | 15x |
Funding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $56.5
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $41.5
- Break-even
- 1.9 days
Slippage unknown: edgeX: live order book, 2 min ago; Derive: no order-book sample. Net counts fees only.
Price risk
price view- Price gap now
- +0.233%
- Avg gap 7d
- +0.072%
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy edgeX live order book, 2 min ago | 0.04 bp | 9.1 bp −$9 | 10.0 bp −$100 | 12.6 bp −$1,258 | 16.0 bp −$7,988 |
| 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 | |
|---|---|---|---|---|---|---|
| Injective ETH/USDC PERP | −0.0112% | 1h | $118K | $22.5M | 52x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | $5K | $2K | 50x | as long as short |
| Gate ETH_USDT | −0.0035% | 8h | $3.70B | $8.77B | 200x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | $6.2M | $511.4M | 4.9x | as long as short |
| Perpl ETH | 0.0000% | 43m | $217K | $5.6M | 8.3x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | $22.1M | — | 200x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0018% / S +0.0014% | 1h | $11.8M | — | 200x | as long as short |
| OKX ETH-USDT-SWAP | +0.0018% | 8h | $1.73B | $11.09B | 100x | as long as short |
| Phemex ETHUSDT | +0.0042% | 8h | $265.3M | $67.1M | 150x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0056% | 1h | $60.8M | $4.83B | 50x | as long as short |
Derive ETH-PERP
Injective ETH/USDC PERP
Gate ETH_USDT
gTrade (Gains Network) ETH/USD
GMX ETH/USD [ETH-USDC]
OKX ETH-USDT-SWAP
Phemex ETHUSDT
Coinbase International ETH-PERP-INTX
Bullet ETH-USD
Phoenix ETH
Bitget ETHUSDT
Lighter ETH
Lighter RH ETH
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Aster ETHUSDT
Pacifica ETH
Binance ETHUSDT
Bybit ETHUSDT
Bulk ETH-USD
MEXC ETH_USDT
KuCoin ETHUSDTM
BingX ETH-USDC
Backpack ETH_USDC_PERP
Variational Omni ETH
ApeX Omni ETHUSDT
StandX ETH-USD
Polymarket Perps ETH-USD
Bluefin ETH-PERP
SunX ETH-USDT
SoDEX ETH-USD
HTX ETH-USDT
Extended ETH-USD
Deribit ETH-PERPETUAL
Hyperliquid ETH
BloFin ETH-USDT
Kraken Futures PF_ETHUSD
RISEx ETH/USDC