ETH

Alert

Funding spread now, next payment 16:00 UTC−0.0250%/8h

paid, last 24h+0.010%paid, last 7 days−0.113%to open and close $10k−$22

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% 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	Kraken Futures PF_ETHUSD	2,739.4	0.0350	pay 0.0044% / 1h	52m 52s	$84.2M	$316.7M	100x
Short	Bybit ETHUSDT	2,738.1	0.0100	get 0.0100% / 8h	52m 52s	$2.48B	$4.38B	150x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BybitbpOrdersRate

Funding earned: −$52.58
Slippage, 4 orders: −$1.14
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$74.72
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.047%
Avg gap 7d: −0.005%

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 Kraken Futures live order book, 3 min ago	0.18 bp	5.4 bp −$5	6.7 bp −$67	9.0 bp −$896	13.8 bp −$6,909
Sell Bybit live order book, 3 min ago	0.02 bp	5.5 bp −$6	5.5 bp −$55	6.6 bp −$660	9.1 bp −$4,527

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni ETHUSDT	−0.0154%	1h	$7.7M	$28.2M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Gate ETH_USDT	−0.0037%	8h	$3.73B	$8.44B	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$5.8M	$520.2M	4.9x	as long as short
Perpl ETH	0.0000%	43m	$232K	$5.6M	8.3x	as long as short
Bullet ETH-USD	+0.0002%	1h	$183K	$1.9M	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.2M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0018%	8h	$1.73B	$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
SoDEX ETH-USD	+0.0022%	1h	$55.2M	$161.6M	40x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0040%	8h	$264.7M	$66.7M	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	$182K	$1.1M	50x	as long as short
Phoenix ETH	+0.0050%	1h	$1.4M	$2.4M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0064%	1h	$260.6M	$212.9M	50x	as long as short
Injective ETH/USDC PERP	+0.0067%	1h	$118K	$22.5M	52x	as long as short
Bitget ETHUSDT	+0.0076%	8h	$2.13B	$3.07B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	$60.3M	$4.79B	50x	as long as short
Lighter ETH	+0.0096%	1h	$118.9M	$485.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.5M	$115.5M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$754K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.4M	$11.3M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$484K	$2.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.8M	$113.9M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$268.8M	$839.7M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.0M	$201.3M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.55B	$15.19B	150x	as long as short
Bybit ETHUSDTshort	+0.0100%	8h	$2.48B	$4.38B	150x
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	$152.2M	$277.4M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.54B	$2.40B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$391.4M	$674.6M	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	$39.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$154.5M	$303.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$175.1M	$728.9M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$52.1M	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	$20K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$943K	$14.5M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.19B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.6M	$75.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	—	$45.8M	500x	as long as short
dYdX ETH-USD	+0.0137%	1h	$20.1M	$28.4M	50x	as long as short
Hyperliquid ETH	+0.0142%	1h	$3.19B	$2.12B	25x	as long as short
Reya ETHRUSDPERP	+0.0153%	1h	$7.3M	$958K	25x	as long as short
RISEx ETH/USDC	+0.0171%	1h	$5.9M	$13.6M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0213%	8h	$32.1M	$11.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0216%	1h	$288K	$1.3M	20x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$295.1M	$173.4M	150x	as long as short
Aftermath Perps ETHUSD	+0.0246%	1h	$29K	$27K	20x	as long as short
Kraken Futures PF_ETHUSDlong	+0.0350%	1h	$84.2M	$316.7M	100x
Derive ETH-PERP	+0.0473%	1h	$43.0M	$26.3M	15x	as long as short