ETH

Alert

Funding spread now, next payment 14:00 UTC−0.0191%/8h

next payment, per $10,000−$0.24paid, last 24h+0.014%paid, last 7 days−0.001%to open and close $10k−$20

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 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	Kraken Futures PF_ETHUSD	2,721.6	0.0262	pay 0.0033% / 1h	44m 54s	$85.0M	$313.7M	100x
Short	Phoenix ETH	2,723.9	0.0070	get 0.0009% / 1h	44m 54s	$1.4M	$2.4M	25x

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 PhoenixbpOrdersRate

Funding earned: −$40.21
Slippage, 4 orders: −$2.95
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$60.17
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; Phoenix: live order book, 10 min ago.

Price risk

price view

Price gap now: +0.083%
Avg gap 7d: +0.084%

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, 6 min ago	0.18 bp	5.8 bp −$6	7.1 bp −$71	9.0 bp −$903	13.0 bp −$6,522
Sell Phoenix live order book, 10 min ago	0.18 bp	4.0 bp −$4	7.3 bp −$73	16.4 bp −$1,644	doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0335%	43m	$181K	$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	−0.0040%	8h	$3.67B	$8.32B	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$4.6M	$481.3M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.1M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0016%	8h	$1.71B	$10.58B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0016% / S +0.0014%	1h	$11.6M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0028%	1h	$7.6M	$27.4M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0033%	1h	$15.4M	$38.2M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0046%	8h	$263.2M	$65.7M	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$60.7M	$4.68B	50x	as long as short
Bullet ETH-USD	+0.0066%	1h	$181K	$1.9M	20x	as long as short
Phoenix ETHshort	+0.0070%	1h	$1.4M	$2.4M	25x
Bitget ETHUSDT	+0.0079%	8h	$2.12B	$2.96B	150x	as long as short
SoDEX ETH-USD	+0.0085%	1h	$55.4M	$139.7M	40x	as long as short
Lighter ETH	+0.0096%	1h	$118.5M	$471.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.8M	$115.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.5M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$4.9M	$778K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	$14.1M	$11.4M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$468K	$1.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$18.8M	$111.0M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$267.7M	$812.7M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$30.8M	$188.4M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.54B	$14.56B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.42B	$4.28B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.4M	$14.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$148.8M	$275.4M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.54B	$2.33B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$392.6M	$670.1M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	—	$16.1M	—	as long as short
Variational Omni ETH	+0.0100%	8h	$152.3M	$292.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$192.3M	$668.9M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$20.8M	$55.3M	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	$4.8M	50x	as long as short
SunX ETH-USDT	+0.0100%	8h	$938K	$14.1M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.14B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.6M	$72.8M	50x	as long as short
Reya ETHRUSDPERP	+0.0148%	1h	$7.3M	$912K	25x	as long as short
Deribit ETH-PERPETUAL	+0.0195%	1h	$259.5M	$209.0M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0213%	8h	$31.9M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$293.6M	$170.9M	150x	as long as short
Hyperliquid ETH	+0.0225%	1h	$3.17B	$2.07B	25x	as long as short
Aftermath Perps ETHUSD	+0.0230%	1h	$29K	$34K	20x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	$306K	$1.2M	20x	as long as short
Kraken Futures PF_ETHUSDlong	+0.0262%	1h	$85.0M	$313.7M	100x
RISEx ETH/USDC	+0.0266%	1h	$5.9M	$13.5M	25x	as long as short
Ondo Perps ETH-USD.P	+0.0285%	1h	$3.2M	$12.6M	25x	as long as short
dYdX ETH-USD	+0.0430%	1h	$24.5M	$21.5M	50x	as long as short
01 Exchange ETHUSD	+0.0536%	1h	$186K	$1.0M	50x	as long as short
Bluefin ETH-PERP	+0.0694%	1h	$19K	$24K	25x	as long as short
Derive ETH-PERP	+0.0772%	1h	$42.4M	$18.9M	15x	as long as short