ETH

Alert

Funding spread now, next payment 16:00 UTC−0.0061%/8h

next payment, per $10,000−$0.61paid, last 24h−0.010%paid, last 3 days−0.004%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps ETH-USD	2,739	0.0100	pay 0.0100% / 8h	38m 46s	$490K	$2.0M	50x
Short	Phemex ETHUSDT	2,738.7	0.0039	get 0.0039% / 8h	38m 46s	$264.9M	$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 Katana PerpsbpFee PhemexbpOrdersRate

Funding earned: −$12.75
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$28.55
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.013%
Avg gap 7d: −0.003%

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 Katana Perps no order-book sample	—	—	—	—	—
Sell Phemex live order book, 2 min ago	0.02 bp	6.0 bp −$6	6.7 bp −$67	11.7 bp −$1,165	15.8 bp −$7,876

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
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Gate ETH_USDT	−0.0044%	8h	$3.73B	$8.55B	200x	as long as short
ApeX Omni ETHUSDT	−0.0041%	1h	$7.7M	$27.7M	100x	as long as short
SoDEX ETH-USD	−0.0015%	1h	$55.3M	$161.5M	40x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$6.1M	$527.6M	4.9x	as long as short
Perpl ETH	0.0000%	43m	$425K	$5.9M	8.3x	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	+0.0008%	1h	$185K	$1.9M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0016%	8h	$1.71B	$10.97B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0018% / S +0.0014%	1h	$11.8M	—	200x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex ETHUSDTshort	+0.0039%	8h	$264.9M	$66.4M	150x
Phoenix ETH	+0.0050%	1h	$1.4M	$2.4M	25x	as long as short
01 Exchange ETHUSD	+0.0056%	1h	$179K	$1.1M	50x	as long as short
Injective ETH/USDC PERP	+0.0067%	1h	$118K	$22.5M	52x	as long as short
Bitget ETHUSDT	+0.0071%	8h	$2.13B	$3.08B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	$60.1M	$4.78B	50x	as long as short
Lighter ETH	+0.0096%	1h	$118.9M	$491.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.3M	$117.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$46.2M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$752K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.5M	$11.3M	50x	as long as short
Katana Perps ETH-USDlong	+0.0100%	8h	$490K	$2.0M	50x
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.19B	200x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.8M	$112.8M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$268.8M	$839.3M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.0M	$205.1M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.54B	$15.22B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.49B	$4.39B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.1M	$13.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$15.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$152.6M	$276.1M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.52B	$2.43B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$391.0M	$657.0M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.09B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.0M	$39.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$154.5M	$298.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$175.9M	$740.7M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$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	$10.7M	$5.2M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$21K	$26K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$944K	$14.5M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.6M	$75.1M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0115%	1h	$260.6M	$212.0M	50x	as long as short
dYdX ETH-USD	+0.0135%	1h	$20.1M	$28.6M	50x	as long as short
Reya ETHRUSDPERP	+0.0155%	1h	$7.3M	$970K	25x	as long as short
RISEx ETH/USDC	+0.0171%	1h	$5.8M	$13.6M	25x	as long as short
Hibachi ETH/USDT-P	+0.0176%	1h	$301K	$1.3M	20x	as long as short
Hyperliquid ETH	+0.0184%	1h	$3.21B	$2.12B	25x	as long as short
Orderly PERP_ETH_USDC	+0.0213%	8h	$32.2M	$10.8M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$295.2M	$173.9M	150x	as long as short
Aftermath Perps ETHUSD	+0.0261%	1h	$29K	$27K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0350%	1h	$86.8M	$313.7M	100x	as long as short
Derive ETH-PERP	+0.0583%	1h	$43.2M	$27.0M	15x	as long as short