ETH

Alert

Funding spread now, next payment 16:00 UTC−0.0303%/8h

paid, last 24h−0.018%paid, last 7 days−0.095%to open and close $10k−$23

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.095% in total (about -5.0% 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	2,741.9	0.0349	pay 0.0044% / 1h	17m 06s	$3.27B	$2.17B	25x
Short	Phemex ETHUSDT	2,737.2	0.0046	get 0.0046% / 8h	17m 06s	$264.7M	$66.4M	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 PhemexbpOrdersRate

Funding earned: −$63.54
Slippage, 4 orders: −$2.08
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$86.61
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Phemex: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.173%
Avg gap 7d: −0.068%

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, 9 min ago	0.18 bp	4.7 bp −$5	4.7 bp −$47	5.0 bp −$501	7.5 bp −$3,763
Sell Phemex live order book, 4 min ago	0.02 bp	6.0 bp −$6	6.2 bp −$62	10.4 bp −$1,040	15.3 bp −$7,662

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	$410K	$5.9M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Gate ETH_USDT	−0.0049%	8h	$3.72B	$8.70B	200x	as long as short
ApeX Omni ETHUSDT	−0.0033%	1h	$7.7M	$27.6M	100x	as long as short
SoDEX ETH-USD	−0.0021%	1h	$55.2M	$161.6M	40x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$7.1M	$536.5M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.2M	—	200x	as long as short
Bullet ETH-USD	+0.0012%	1h	$191K	$1.9M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0013%	8h	$1.71B	$11.03B	100x	as long as short
01 Exchange ETHUSD	+0.0016%	1h	$188K	$1.1M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX ETH/USD [ETH-USDC]	L +0.0019% / S +0.0013%	1h	$11.9M	—	200x	as long as short
Phemex ETHUSDTshort	+0.0046%	8h	$264.7M	$66.4M	150x
Phoenix ETH	+0.0050%	1h	$1.4M	$2.4M	25x	as long as short
Bitget ETHUSDT	+0.0063%	8h	$2.13B	$3.09B	150x	as long as short
Injective ETH/USDC PERP	+0.0067%	1h	$117K	$22.5M	52x	as long as short
HTX ETH-USDT	+0.0082%	8h	$1.08B	$1.18B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	$60.2M	$4.77B	50x	as long as short
MEXC ETH_USDT	+0.0090%	8h	$1.53B	$2.47B	500x	as long as short
Binance ETHUSDT	+0.0091%	8h	$6.52B	$15.37B	150x	as long as short
dYdX ETH-USD	+0.0093%	1h	$16.1M	$33.0M	50x	as long as short
Lighter ETH	+0.0096%	1h	$118.3M	$499.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.5M	$119.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$44.7M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$735K	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	$473K	$2.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.7M	$113.1M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$272.8M	$842.2M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$30.9M	$209.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.48B	$4.40B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$13.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$15.7M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$150.8M	$273.0M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$440.6M	$660.4M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.10B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.0M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$151.5M	$301.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$177.4M	$750.7M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$51.6M	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	$10.7M	$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	$943K	$14.6M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.4M	$75.0M	50x	as long as short
Hibachi ETH/USDT-P	+0.0104%	1h	$288K	$1.3M	20x	as long as short
Deribit ETH-PERPETUAL	+0.0134%	1h	$260.0M	$215.2M	50x	as long as short
Reya ETHRUSDPERP	+0.0160%	1h	$7.3M	$970K	25x	as long as short
RISEx ETH/USDC	+0.0171%	1h	$5.8M	$13.3M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0208%	8h	$32.1M	$10.7M	100x	as long as short
BloFin ETH-USDT	+0.0211%	8h	$294.5M	$177.5M	150x	as long as short
Aftermath Perps ETHUSD	+0.0289%	1h	$29K	$27K	20x	as long as short
Hyperliquid ETHlong	+0.0349%	1h	$3.27B	$2.17B	25x
Kraken Futures PF_ETHUSD	+0.0351%	1h	$87.4M	$312.4M	100x	as long as short
Derive ETH-PERP	+0.0365%	1h	$42.6M	$27.2M	15x	as long as short