ETH

Alert

Funding spread now, next payment 15:00 UTC−0.0280%/8h

paid, last 24h−0.031%paid, last 7 days+0.193%to open and close $10k−$28

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.193% in total (about 10.1% 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	Hibachi ETH/USDT-P	2,737.6	0.0280	pay 0.0035% / 1h	24m 13s	$303K	$1.2M	20x
Short	Kalshi KXETHPERP	2,739.8	0	get 0.0000% / 8h	5h 24m	$5.5M	$497.7M	4.9x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HibachibpFee KalshibpOrdersRate

Funding earned: −$58.8
Slippage, 4 orders: −$9.21
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$87.01
Break-even: never at this rate

Slippage from Hibachi: live order book, 1 min ago; Kalshi: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.080%
Avg gap 7d: −0.037%

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 Hibachi live order book, 1 min ago	3.19 bp	9.5 bp −$9	18.3 bp −$183	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	0.37 bp	5.4 bp −$5	6.6 bp −$66	10.8 bp −$1,082	17.4 bp −$8,717

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0335%	43m	$173K	$5.4M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0112%	1h	$118K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$1K	50x	as long as short
Gate ETH_USDT	−0.0036%	8h	$3.73B	$8.49B	200x	as long as short
Kalshi KXETHPERPshort	0.0000%	8h	$5.5M	$497.7M	4.9x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.2M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0017%	8h	$1.72B	$10.73B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0017% / S +0.0014%	1h	$11.8M	—	200x	as long as short
Phemex ETHUSDT	+0.0043%	8h	$264.5M	$65.7M	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$61.4M	$4.76B	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix ETH	+0.0070%	1h	$1.4M	$2.4M	25x	as long as short
Bullet ETH-USD	+0.0077%	1h	$183K	$1.9M	20x	as long as short
Bitget ETHUSDT	+0.0079%	8h	$2.14B	$3.01B	150x	as long as short
Lighter ETH	+0.0096%	1h	$118.5M	$477.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.9M	$117.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.6M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$772K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.2M	$11.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$481K	$1.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$19.0M	$112.1M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$268.2M	$820.3M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.1M	$192.6M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.58B	$14.80B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.47B	$4.33B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$14.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$151.5M	$274.2M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.55B	$2.37B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$396.6M	$669.3M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	—	$16.1M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.2M	$38.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$154.5M	$295.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$194.1M	$677.0M	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	$7.6M	$27.6M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$53.9M	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	$4.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$19K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$943K	$14.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	$55.7M	$139.9M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.16B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$33.0M	$73.5M	50x	as long as short
Hyperliquid ETH	+0.0149%	1h	$3.19B	$2.08B	25x	as long as short
Reya ETHRUSDPERP	+0.0150%	1h	$7.3M	$964K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0213%	8h	$32.1M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$294.5M	$176.1M	150x	as long as short
Deribit ETH-PERPETUAL	+0.0221%	1h	$260.0M	$211.4M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0242%	1h	$3.2M	$13.0M	25x	as long as short
Aftermath Perps ETHUSD	+0.0244%	1h	$29K	$34K	20x	as long as short
dYdX ETH-USD	+0.0257%	1h	$20.2M	$27.8M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0260%	1h	$85.6M	$312.8M	100x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$6.0M	$13.5M	25x	as long as short
Hibachi ETH/USDT-Plong	+0.0280%	1h	$303K	$1.2M	20x
01 Exchange ETHUSD	+0.0440%	1h	$189K	$1.0M	50x	as long as short
Derive ETH-PERP	+0.0519%	1h	$42.2M	$24.2M	15x	as long as short