ETH

Alert

Funding spread now, next payment 17:00 UTC−0.0415%/8h

paid, last 24h−0.017%paid, last 7 days−0.097%to open and close $10k−$12

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.1% 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	Hyperliquid ETH	2,764.5	0.0492	pay 0.0062% / 1h	30m 30s	$3.31B	$2.17B	25x
Short	MEXC ETH_USDT	2,762	0.0077	get 0.0077% / 8h	7h 30m	$1.51B	$2.46B	500x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee MEXCbpOrdersRate

Funding earned: −$87.19
Slippage, 4 orders: −$1.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$99.21
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; MEXC: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.092%
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, 5 min ago	0.18 bp	5.3 bp −$5	6.7 bp −$67	8.7 bp −$868	doesn't fit
Sell MEXC live order book, 5 min ago	0.02 bp	1.0 bp −$1	1.0 bp −$10	1.0 bp −$102	1.4 bp −$703

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	$422K	$6.2M	8.3x	as long as short
Phemex ETHUSDT	−0.0138%	8h	$266.6M	$66.8M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0054%	1h	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0013% / S +0.0045%	1h	$11.8M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	$16.6M	$34.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0013%	8h	$1.72B	$11.27B	100x	as long as short
SoDEX ETH-USD	+0.0029%	1h	$55.8M	$161.9M	40x	as long as short
ApeX Omni ETHUSDT	+0.0034%	1h	$7.9M	$28.0M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix ETH	+0.0035%	1h	$1.4M	$2.4M	25x	as long as short
01 Exchange ETHUSD	+0.0056%	1h	$181K	$1.2M	50x	as long as short
Bulk ETH-USD	+0.0063%	1h	$157.8M	$272.8M	25x	as long as short
HTX ETH-USDT	+0.0066%	8h	$1.09B	$1.20B	200x	as long as short
MEXC ETH_USDTshort	+0.0077%	8h	$1.51B	$2.46B	500x
Bitget ETHUSDT	+0.0077%	8h	$2.10B	$3.16B	150x	as long as short
Binance ETHUSDT	+0.0078%	8h	$6.58B	$15.93B	150x	as long as short
Aevo ETH-PERP	+0.0080%	1h	$5.0M	$723K	20x	as long as short
Hibachi ETH/USDT-P	+0.0088%	1h	$291K	$1.3M	20x	as long as short
SunX ETH-USDT	+0.0094%	8h	$953K	$14.6M	100x	as long as short
Lighter ETH	+0.0096%	1h	$116.9M	$497.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.3M	$117.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$44.7M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$473K	$2.2M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$15.0M	$11.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.8M	$111.8M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$273.7M	$881.2M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.3M	$219.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.53B	$4.47B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$14.9M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.7M	$16.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	$3.47B	$8.86B	200x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$409.9M	$688.1M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.11B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.3M	$39.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$145.4M	$312.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$178.7M	$764.0M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.2M	$51.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.8M	$5.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	$199K	$1.9M	20x	as long as short
Extended ETH-USD	+0.0104%	1h	$31.7M	$78.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	$60.5M	$4.75B	50x	as long as short
RISEx ETH/USDC	+0.0122%	1h	$5.8M	$13.0M	25x	as long as short
Kalshi KXETHPERP	+0.0128%	8h	$10.2M	$560.2M	4.9x	as long as short
Derive ETH-PERP	+0.0145%	1h	$42.9M	$27.7M	15x	as long as short
Deribit ETH-PERPETUAL	+0.0155%	1h	$260.8M	$215.2M	50x	as long as short
Reya ETHRUSDPERP	+0.0172%	1h	$7.4M	$964K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0192%	8h	$32.5M	$10.9M	100x	as long as short
BloFin ETH-USDT	+0.0198%	8h	$292.4M	$176.9M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0261%	1h	$87.0M	$314.8M	100x	as long as short
Aftermath Perps ETHUSD	+0.0276%	1h	$29K	$27K	20x	as long as short
Hyperliquid ETHlong	+0.0492%	1h	$3.31B	$2.17B	25x
Bluefin ETH-PERP	+0.3315%	1h	$21K	$26K	25x	as long as short