ETH

Alert

Funding spread now, next payment 14:00 UTC−0.0104%/8h

next payment, per $10,000−$0.13paid, last 24h−0.018%paid, last 7 days+0.003%to open and close $10k−$21

Long on Hyperliquid Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ETH	2,756.8	0.0160	pay 0.0020% / 1h	8m 45s	$3.20B	$2.12B	25x
Short	Coinbase International ETH-PERP-INTX	2,751.9	0.0056	get 0.0007% / 1h	8m 45s	$61.7M	$4.82B	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$21.8
Slippage, 4 orders: −$2.07
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$42.87
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; Coinbase International: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.177%
Avg gap 7d: −0.038%

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, 7 min ago	0.18 bp	6.4 bp −$6	6.7 bp −$67	8.2 bp −$818	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.02 bp	5.0 bp −$5	5.3 bp −$53	8.8 bp −$882	25.2 bp −$12.6K

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0335%	43m	$216K	$5.5M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0112%	1h	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$1K	50x	as long as short
Gate ETH_USDT	−0.0034%	8h	$3.70B	$8.67B	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$6.6M	$508.1M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.3M	—	200x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0017% / S +0.0014%	1h	$11.8M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0018%	8h	$1.72B	$11.05B	100x	as long as short
Phemex ETHUSDT	+0.0041%	8h	$265.6M	$65.7M	150x	as long as short
Coinbase International ETH-PERP-INTXshort	+0.0056%	1h	$61.7M	$4.82B	50x

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bullet ETH-USD	+0.0063%	1h	$183K	$1.9M	20x	as long as short
Phoenix ETH	+0.0070%	1h	$1.4M	$2.4M	25x	as long as short
Bitget ETHUSDT	+0.0078%	8h	$2.13B	$3.09B	150x	as long as short
Lighter ETH	+0.0096%	1h	$119.4M	$490.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.5M	$120.2M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$757K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.4M	$11.3M	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	$19.1M	$113.2M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$269.5M	$835.7M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.2M	$198.0M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.60B	$15.19B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.49B	$4.41B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$15.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$152.3M	$275.6M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.54B	$2.42B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$399.4M	$679.7M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.10B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.2M	$38.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$153.3M	$295.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$194.2M	$683.8M	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	$7.6M	$27.8M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$52.6M	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	$5.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$19K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$948K	$14.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	$56.0M	$139.8M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.09B	$1.19B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$33.3M	$74.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	—	$41.9M	500x	as long as short
Reya ETHRUSDPERP	+0.0152%	1h	$7.3M	$973K	25x	as long as short
Hyperliquid ETHlong	+0.0160%	1h	$3.20B	$2.12B	25x
dYdX ETH-USD	+0.0176%	1h	$20.2M	$28.1M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0212%	8h	$32.3M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$296.1M	$180.1M	150x	as long as short
Ondo Perps ETH-USD.P	+0.0223%	1h	$3.2M	$13.2M	25x	as long as short
Aftermath Perps ETHUSD	+0.0244%	1h	$29K	$34K	20x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	$304K	$1.3M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0259%	1h	$86.5M	$316.4M	100x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$6.0M	$13.6M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0291%	1h	$260.7M	$216.3M	50x	as long as short
Derive ETH-PERP	+0.0310%	1h	$42.4M	$25.0M	15x	as long as short
01 Exchange ETHUSD	+0.0640%	1h	$186K	$1.0M	50x	as long as short