ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.04 per $10,000 · paid last 24h +0.027%

Price spread now: RISEx against GMX+0.012%7-day average −0.012% · you sell dearer than you buy

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

Long on GMX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.012%, 7d avg −0.012%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.023% dearer against GMX than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.012%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ETH/USD [ETH-USDC]	2,800.5	L +0.0025% / S +0.0011%	pay 0.0003% / 1h	32m 01s	$12.9M	—	200x
Short	RISEx ETH/USDC	2,800.8	−0.0005	pay 0.0001% / 1h	32m 01s	$5.8M	$12.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against GMX. 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 GMXbpFee RISExbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$6.14
Price spread: +0.012% → −0.012%: $2.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$21.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; RISEx: live order book, 3 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 GMX no order-book sample	—	—	—	—	—
Sell RISEx live order book, 3 min ago	0.02 bp	3.0 bp −$3	3.5 bp −$35	doesn't fit	doesn't fit

GMX: 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	−0.0112%	43m	2,799.6	−0.030%	$299K	$6.8M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,802.7	+0.079%	$5K	$2K	50x	as long as short
Phemex ETHUSDT	−0.0034%	8h	2,800.4	−0.001%	$270.0M	$66.1M	150x	as long as short
Phoenix ETH	−0.0032%	1h	2,795.5	−0.178%	$804K	$3.5M	25x	as long as short
RISEx ETH/USDCshort	−0.0005%	1h	2,800.8	+0.012%	$5.8M	$12.2M	25x
dYdX ETH-USD	0.0000%	1h	2,804	+0.126%	$13.4M	$43.4M	50x	as long as short
Injective ETH/USDC PERP	+0.0003%	1h	2,798.9	−0.056%	$120K	$22.5M	52x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,800.9	+0.015%	$22.6M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0016%	8h	2,799.9	−0.022%	$1.70B	$11.94B	100x	as long as short
GMX ETH/USD [ETH-USDC]long	L +0.0025% / S +0.0011%	1h	2,800.5	long leg	$12.9M	—	200x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0040%	1h	2,800.7	+0.008%	$177K	$1.2M	50x	as long as short
MEXC ETH_USDT	+0.0046%	8h	2,800.3	−0.005%	$1.57B	$2.56B	500x	as long as short
Binance ETHUSDT	+0.0046%	8h	2,801.2	+0.025%	$6.52B	$17.10B	150x	as long as short
Bulk ETH-USD	+0.0047%	1h	2,803.2	+0.097%	$167.8M	$262.8M	25x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,803.1	+0.095%	$5.1M	$651K	20x	as long as short
Gate ETH_USDT	+0.0063%	8h	2,801.2	+0.027%	$3.34B	$9.49B	200x	as long as short
Bitget ETHUSDT	+0.0071%	8h	2,801.2	+0.027%	$2.10B	$3.14B	150x	as long as short
Aster ETHUSDT	+0.0074%	8h	2,802.2	+0.061%	$263.2M	$995.6M	200x	as long as short
Aftermath Perps ETHUSD	+0.0077%	1h	2,794	−0.232%	$30K	$22K	20x	as long as short
Bullet ETH-USD	+0.0091%	1h	2,799.4	−0.040%	$193K	$1.8M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,802.7	+0.080%	$117.1M	$513.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,804	+0.126%	$25.7M	$124.5M	50x	as long as short
Variational Omni ETH	+0.0099%	8h	2,794	−0.230%	$141.4M	$311.2M	—	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,800.8	+0.012%	$487K	$2.7M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,853.1	+1.879%	$16.6M	$11.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,801.6	+0.040%	$17.5M	$115.1M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,803.7	+0.115%	$31.9M	$271.8M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,800.3	−0.005%	$2.55B	$4.62B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,801.7	+0.044%	$2.9M	$16.4M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,802.5	+0.071%	$2.8M	$17.1M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,802	+0.053%	$411.2M	$737.5M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,801.2	+0.026%	—	$1.17B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,801.6	+0.039%	$15.6M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,795.4	−0.180%	$180.6M	$769.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,794.1	−0.226%	$162.5M	$96.5M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,800.2	−0.011%	$8.4M	$29.2M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,797.6	−0.103%	$21.6M	$58.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,801	+0.020%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,801.3	+0.029%	$10.9M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,803.4	+0.105%	$22K	$25K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,798.3	−0.077%	$980K	$14.4M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,801.9	+0.051%	$56.1M	$206.7M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,802.4	+0.068%	$1.09B	$1.30B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,802.4	+0.067%	$31.8M	$76.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,802.4	+0.069%	—	$46.6M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,804	+0.126%	$60.7M	$4.68B	50x	as long as short
Orderly PERP_ETH_USDC	+0.0115%	8h	2,805.6	+0.181%	$32.9M	$11.5M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,803.6	+0.113%	$89.3M	$336.0M	100x	as long as short
Kalshi KXETHPERP	+0.0146%	8h	2,803.5	+0.108%	$8.8M	$660.4M	4.9x	as long as short
Hyperliquid ETH	+0.0156%	1h	2,804.3	+0.136%	$3.28B	$2.31B	25x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,803.7	+0.114%	$292.1M	$196.3M	150x	as long as short
Hibachi ETH/USDT-P	+0.0200%	1h	2,799.4	−0.039%	$260K	$1.6M	20x	as long as short
Reya ETHRUSDPERP	+0.0211%	1h	2,797.9	−0.093%	$7.5M	$985K	25x	as long as short
Deribit ETH-PERPETUAL	+0.0253%	1h	2,804.3	+0.137%	$259.2M	$220.4M	50x	as long as short
Derive ETH-PERP	+0.0290%	1h	2,806	+0.196%	$43.4M	$29.2M	15x	as long as short