ETH

Alert

Funding spread now, next payment 17:00 UTC+0.0102%/8h

paid, last 24h+0.037%paid, last 7 days+0.212%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXETHPERP	2,754	0.0104	pay 0.0104% / 8h	3h 56m	$8.9M	$549.1M	4.9x
Short	Derive ETH-PERP	2,756.3	0.0206	get 0.0026% / 1h	56m 00s	$42.7M	$27.9M	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee KalshibpFee DerivebpOrdersRate

Funding earned: $21.38
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $5.38
Break-even: 5.2 days

Slippage unknown: Kalshi: live order book, 5 min ago; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.084%
Avg gap 7d: +0.093%

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 Kalshi live order book, 5 min ago	0.36 bp	6.0 bp −$6	7.4 bp −$74	11.1 bp −$1,108	18.1 bp −$9,067
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	$455K	$6.0M	8.3x	as long as short
Phemex ETHUSDT	−0.0128%	8h	$265.6M	$67.0M	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	$119K	$22.5M	52x	as long as short
dYdX ETH-USD	0.0000%	1h	$16.2M	$33.1M	50x	as long as short
SoDEX ETH-USD	+0.0005%	1h	$55.5M	$161.7M	40x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.3M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0011%	8h	$1.71B	$11.24B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0018% / S +0.0013%	1h	$11.9M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0032%	1h	$7.7M	$27.8M	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	$2.3M	25x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	$179K	$1.2M	50x	as long as short
HTX ETH-USDT	+0.0042%	8h	$1.09B	$1.20B	200x	as long as short
SunX ETH-USDT	+0.0050%	8h	$949K	$14.8M	100x	as long as short
Bitget ETHUSDT	+0.0069%	8h	$2.11B	$3.18B	150x	as long as short
Hibachi ETH/USDT-P	+0.0080%	1h	$291K	$1.3M	20x	as long as short
Binance ETHUSDT	+0.0088%	8h	$6.57B	$15.75B	150x	as long as short
MEXC ETH_USDT	+0.0088%	8h	$1.51B	$2.39B	500x	as long as short
Aevo ETH-PERP	+0.0088%	1h	$5.0M	$732K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0091%	1h	$259.6M	$216.5M	50x	as long as short
Lighter ETH	+0.0096%	1h	$118.2M	$487.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.9M	$114.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$44.9M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.8M	$11.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$479K	$2.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$18.0M	$113.8M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$268.4M	$862.8M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$30.9M	$215.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.51B	$4.46B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$14.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.6M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$154.5M	$270.8M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	$3.37B	$8.52B	200x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$406.4M	$680.2M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	—	$16.9M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.1M	$40.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$154.0M	$303.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$177.7M	$752.9M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.1M	$51.3M	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	$5.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	$196K	$1.9M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$21K	$26K	25x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.6M	$75.7M	50x	as long as short
Kalshi KXETHPERPlong	+0.0104%	8h	$8.9M	$549.1M	4.9x
Coinbase International ETH-PERP-INTX	+0.0120%	1h	$60.6M	$4.79B	50x	as long as short
RISEx ETH/USDC	+0.0122%	1h	$5.8M	$13.5M	25x	as long as short
Reya ETHRUSDPERP	+0.0165%	1h	$7.3M	$974K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0199%	8h	$32.3M	$10.8M	100x	as long as short
Derive ETH-PERPshort	+0.0206%	1h	$42.7M	$27.9M	15x
BloFin ETH-USDT	+0.0209%	8h	$291.2M	$180.4M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0263%	1h	$86.7M	$315.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0313%	1h	$29K	$27K	20x	as long as short
Hyperliquid ETH	+0.0653%	1h	$3.31B	$2.22B	25x	as long as short