ETH

Alert

Funding spread now, next payment 18:00 UTC+0.0483%/8h

next payment, per $10,000+$0.60paid, last 24h+0.002%paid, last 7 days−0.159%to open and close $10k−$72

Long on Injective Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.60 per $10,000. 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	Injective ETH/USDC PERP	2,747.9	−0.0275	get 0.0034% / 1h	18m 01s	$118K	$22.5M	52x
Short	Kraken Futures PF_ETHUSD	2,748.6	0.0208	get 0.0026% / 1h	18m 01s	$85.1M	$318.3M	100x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersRate

Funding earned: $101.53
Slippage, 4 orders: −$61.9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $29.61
Break-even: 5.0 days

Slippage from Injective: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.027%
Avg gap 7d: −0.047%

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 Injective live order book, 3 min ago	11.80 bp	11.8 bp −$12	11.8 bp −$118	11.8 bp −$1,181	20841.1 bp −$10.42M
Sell Kraken Futures live order book, 3 min ago	0.18 bp	6.1 bp −$6	7.7 bp −$77	9.3 bp −$925	13.1 bp −$6,534

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	$318K	$6.3M	8.3x	as long as short
Injective ETH/USDC PERPlong	−0.0275%	1h	$118K	$22.5M	52x
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0047%	1h	$8.1M	$27.8M	100x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0013% / S +0.0045%	1h	$11.9M	—	200x	as long as short
SoDEX ETH-USD	−0.0010%	1h	$55.4M	$162.0M	40x	as long as short
dYdX ETH-USD	−0.0005%	1h	$13.7M	$37.2M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0008%	1h	$179K	$1.2M	50x	as long as short
BingX ETH-USDC	+0.0011%	8h	—	$16.8M	—	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bulk ETH-USD	+0.0011%	1h	$159.4M	$270.1M	25x	as long as short
OKX ETH-USDT-SWAP	+0.0013%	8h	$1.73B	$10.90B	100x	as long as short
Deribit ETH-PERPETUAL	+0.0016%	1h	$258.6M	$203.7M	50x	as long as short
MEXC ETH_USDT	+0.0055%	8h	$1.55B	$2.43B	500x	as long as short
Binance ETHUSDT	+0.0055%	8h	$6.52B	$15.68B	150x	as long as short
Aevo ETH-PERP	+0.0056%	1h	$5.0M	$683K	20x	as long as short
Gate ETH_USDT	+0.0062%	8h	$3.39B	$8.90B	200x	as long as short
Phoenix ETH	+0.0078%	1h	$1.3M	$2.2M	25x	as long as short
Phemex ETHUSDT	+0.0080%	8h	$264.8M	$65.6M	150x	as long as short
Bullet ETH-USD	+0.0082%	1h	$196K	$1.8M	20x	as long as short
Bitget ETHUSDT	+0.0084%	8h	$2.11B	$2.97B	150x	as long as short
Extended ETH-USD	+0.0088%	1h	$31.8M	$74.8M	50x	as long as short
HTX ETH-USDT	+0.0093%	8h	$1.08B	$1.17B	200x	as long as short
Lighter ETH	+0.0096%	1h	$115.8M	$495.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.2M	$120.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$43.4M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.7M	$10.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$488K	$2.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.6M	$110.3M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$269.2M	$923.6M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.0M	$237.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.51B	$4.30B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$2.9M	$14.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.7M	$15.9M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$439.9M	$676.0M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.4M	$40.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$144.6M	$311.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$178.4M	$744.9M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.1M	$51.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.0M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.7M	$5.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	$42.4M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	$963K	$14.2M	100x	as long as short
RISEx ETH/USDC	+0.0105%	1h	$5.8M	$12.0M	25x	as long as short
Hyperliquid ETH	+0.0116%	1h	$3.24B	$2.09B	25x	as long as short
Coinbase International ETH-PERP-INTX	+0.0136%	1h	$59.5M	$4.54B	50x	as long as short
Kalshi KXETHPERP	+0.0142%	8h	$9.6M	$594.9M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0156%	8h	$32.3M	$10.6M	100x	as long as short
BloFin ETH-USDT	+0.0175%	8h	$292.5M	$172.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0193%	1h	$7.3M	$897K	25x	as long as short
Kraken Futures PF_ETHUSDshort	+0.0208%	1h	$85.1M	$318.3M	100x
Hibachi ETH/USDT-P	+0.0232%	1h	$282K	$1.4M	20x	as long as short
Aftermath Perps ETHUSD	+0.0256%	1h	$29K	$20K	20x	as long as short