ETH

Alert

Funding spread now, next payment 16:00 UTC+0.0100%/8h

next payment, per $10,000+$1.00paid, last 24h+0.030%paid, last 3 days+0.058%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXETHPERP	2,733	0	get 0.0000% / 8h	5h 27m	$5.1M	$495.5M	4.9x
Short	Katana Perps ETH-USD	2,732.1	0.0100	get 0.0100% / 8h	1h 27m	$479K	$1.9M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee KalshibpFee Katana PerpsbpOrdersRate

Funding earned: $20.96
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $7.16
Break-even: 4.6 days

Slippage unknown: Kalshi: live order book, 3 min ago; Katana Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.033%
Avg gap 7d: −0.030%

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, 3 min ago	0.37 bp	5.4 bp −$5	7.3 bp −$73	10.9 bp −$1,085	18.5 bp −$9,271
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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	−0.0335%	43m	$174K	$5.3M	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	−0.0036%	8h	$3.71B	$8.46B	200x	as long as short
Kalshi KXETHPERPlong	0.0000%	8h	$5.1M	$495.5M	4.9x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.2M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0016%	8h	$1.72B	$10.70B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0017% / S +0.0014%	1h	$11.8M	—	200x	as long as short
Phemex ETHUSDT	+0.0050%	8h	$264.1M	$65.7M	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$61.4M	$4.74B	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix ETH	+0.0070%	1h	$1.4M	$2.4M	25x	as long as short
Bullet ETH-USD	+0.0075%	1h	$182K	$1.9M	20x	as long as short
Bitget ETHUSDT	+0.0079%	8h	$2.13B	$3.00B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0095%	1h	$15.2M	$38.4M	50x	as long as short
Lighter ETH	+0.0096%	1h	$118.3M	$475.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.8M	$117.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.6M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$776K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.2M	$11.2M	50x	as long as short
Katana Perps ETH-USDshort	+0.0100%	8h	$479K	$1.9M	50x
Nado ETH-PERP	+0.0100%	1h	$19.0M	$112.1M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$269.5M	$819.0M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.0M	$192.6M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.58B	$14.74B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.46B	$4.33B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$14.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$149.2M	$274.6M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.54B	$2.37B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$395.5M	$669.0M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	—	$16.1M	—	as long as short
Variational Omni ETH	+0.0100%	8h	$154.6M	$295.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$194.1M	$677.0M	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	$7.6M	$27.5M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$20.9M	$54.2M	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	$4.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$19K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$942K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	$55.6M	$139.9M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.16B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.9M	$73.3M	50x	as long as short
Hyperliquid ETH	+0.0148%	1h	$3.18B	$2.08B	25x	as long as short
Reya ETHRUSDPERP	+0.0150%	1h	$7.3M	$953K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0212%	8h	$32.1M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$292.0M	$173.6M	150x	as long as short
Deribit ETH-PERPETUAL	+0.0236%	1h	$260.0M	$211.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0238%	1h	$3.2M	$12.9M	25x	as long as short
Aftermath Perps ETHUSD	+0.0239%	1h	$29K	$34K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0261%	1h	$85.4M	$313.2M	100x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$6.0M	$13.6M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	$301K	$1.2M	20x	as long as short
dYdX ETH-USD	+0.0281%	1h	$20.1M	$27.8M	50x	as long as short
01 Exchange ETHUSD	+0.0432%	1h	$188K	$1.0M	50x	as long as short
Derive ETH-PERP	+0.0589%	1h	$42.1M	$24.2M	15x	as long as short