ETH

Alert

Funding spread now, next payment 16:00 UTC−0.0207%/8h

paid, last 24h−0.018%paid, last 7 days−0.099%to open and close $10k−$20

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% 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	Hyperliquid ETH	2,733.6	0.0307	pay 0.0038% / 1h	27m 51s	$3.26B	$2.17B	25x
Short	Bybit ETHUSDT	2,729.1	0.0100	get 0.0100% / 8h	27m 51s	$2.46B	$4.39B	150x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee BybitbpOrdersRate

Funding earned: −$43.56
Slippage, 4 orders: −$0.4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$63.96
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Bybit: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.166%
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 Hyperliquid live order book, 8 min ago	0.18 bp	4.7 bp −$5	4.7 bp −$47	5.0 bp −$500	doesn't fit
Sell Bybit live order book, 3 min ago	0.02 bp	5.5 bp −$6	5.8 bp −$58	6.7 bp −$668	8.9 bp −$4,466

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Gate ETH_USDT	−0.0046%	8h	$3.71B	$8.64B	200x	as long as short
ApeX Omni ETHUSDT	−0.0039%	1h	$7.7M	$27.6M	100x	as long as short
SoDEX ETH-USD	−0.0027%	1h	$55.1M	$161.5M	40x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$7.0M	$532.0M	4.9x	as long as short
Perpl ETH	0.0000%	43m	$403K	$5.9M	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
Bullet ETH-USD	+0.0010%	1h	$187K	$1.9M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0016%	8h	$1.71B	$10.97B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0018% / S +0.0013%	1h	$11.8M	—	200x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0024%	1h	$188K	$1.1M	50x	as long as short
Phoenix ETH	+0.0050%	1h	$1.4M	$2.4M	25x	as long as short
Phemex ETHUSDT	+0.0050%	8h	$264.1M	$66.4M	150x	as long as short
Injective ETH/USDC PERP	+0.0067%	1h	$117K	$22.5M	52x	as long as short
Bitget ETHUSDT	+0.0067%	8h	$2.12B	$3.09B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	$60.1M	$4.77B	50x	as long as short
HTX ETH-USDT	+0.0092%	8h	$1.08B	$1.19B	200x	as long as short
MEXC ETH_USDT	+0.0095%	8h	$1.52B	$2.45B	500x	as long as short
Binance ETHUSDT	+0.0095%	8h	$6.51B	$15.33B	150x	as long as short
Lighter ETH	+0.0096%	1h	$118.3M	$497.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.2M	$118.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$44.8M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$738K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.3M	$11.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$472K	$2.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.7M	$112.9M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$267.8M	$843.9M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$30.9M	$207.9M	50x	as long as short
Bybit ETHUSDTshort	+0.0100%	8h	$2.46B	$4.39B	150x
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$13.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$15.4M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$439.7M	$664.4M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.09B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$14.9M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$151.5M	$300.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$175.2M	$745.8M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$20.9M	$51.4M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.7M	$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	$940K	$14.6M	100x	as long as short
Bulk ETH-USD	+0.0100%	1h	$152.0M	$271.2M	25x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.2M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.4M	$75.2M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0127%	1h	$260.8M	$213.4M	50x	as long as short
dYdX ETH-USD	+0.0129%	1h	$16.1M	$32.7M	50x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	$291K	$1.3M	20x	as long as short
Reya ETHRUSDPERP	+0.0158%	1h	$7.3M	$972K	25x	as long as short
RISEx ETH/USDC	+0.0171%	1h	$5.8M	$13.4M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0210%	8h	$32.1M	$10.8M	100x	as long as short
BloFin ETH-USDT	+0.0216%	8h	$296.1M	$174.1M	150x	as long as short
Aftermath Perps ETHUSD	+0.0276%	1h	$29K	$27K	20x	as long as short
Hyperliquid ETHlong	+0.0307%	1h	$3.26B	$2.17B	25x
Kraken Futures PF_ETHUSD	+0.0351%	1h	$87.6M	$314.3M	100x	as long as short
Derive ETH-PERP	+0.0459%	1h	$42.8M	$27.2M	15x	as long as short