Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%
Price spread now: Phemex against Ondo Perps−0.055%7-day average +0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.055%, 7d avg +0.018%
=Together, before fees−0.046%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.073% cheaper against Ondo Perps than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps ETH-USD.P | 2,726.1 | 0.0100 | pay 0.0013% / 1h | 15m 39s | $2.7M | $16.8M | 25x |
| Short | Phemex ETHUSDT | 2,724.6 | 0.0100 | get 0.0100% / 8h | 15m 39s | $262.4M | $64.3M | 150x |
Ondo Perps ETH-USD.P
Phemex ETHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.055% → +0.018%
- −$7.28
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$24.28
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 0.02 bp | 6.6 bp −$7 | 7.8 bp −$78 | 9.8 bp −$979 | 13.5 bp −$6,770 |
Ondo 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 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0447% | 43m | 2,726.2 | +0.003% | $276K | $5.7M | 8.3x | as long as short |
| BloFin ETH-USDT | −0.0179% | 8h | 2,726.3 | +0.008% | $281.2M | $177.6M | 150x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,724.3 | −0.066% | $5K | $1K | 50x | as long as short |
| Phoenix ETH | −0.0015% | 1h | 2,727 | +0.033% | $809K | $3.0M | 25x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,725.1 | −0.037% | $11.9M | — | 200x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,724.9 | −0.044% | $10.5M | $41.8M | 50x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,726.1 | 0.000% | $6.7M | $677.7M | 4.9x | as long as short |
| Deribit ETH-PERPETUAL | 0.0000% | 1h | 2,725.5 | −0.023% | $263.6M | $214.4M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,725.3 | −0.028% | $32.9M | — | 200x | as long as short |
| BingX ETH-USDT | +0.0016% | 8h | 2,724.3 | −0.066% | — | $1.08B | — | as long as short |
Perpl ETH
BloFin ETH-USDT
Hotstuff ETH-PERP
Phoenix ETH
GMX ETH/USD [ETH-USDC]
dYdX ETH-USD
Kalshi KXETHPERP
Deribit ETH-PERPETUAL
gTrade (Gains Network) ETH/USD
BingX ETH-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHUSDT | +0.0020% | 8h | 2,724.2 | −0.071% | $2.31B | $4.33B | 150x | as long as short |
| HTX ETH-USDT | +0.0032% | 8h | 2,724.9 | −0.045% | $1.05B | $1.22B | 200x | as long as short |
| 01 Exchange ETHUSD | +0.0032% | 1h | 2,725.3 | −0.029% | $190K | $883K | 50x | as long as short |
| Injective ETH/USDC PERP | +0.0050% | 1h | 2,730.9 | +0.176% | $117K | $21.8M | 52x | as long as short |
| Hibachi ETH/USDT-P | +0.0056% | 1h | 2,727.1 | +0.035% | $242K | $1.4M | 20x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0060% | 1h | 2,725.1 | −0.036% | $81.8M | $310.7M | 100x | as long as short |
| ApeX Omni ETHUSDT | +0.0068% | 1h | 2,726.3 | +0.007% | $8.5M | $31.4M | 100x | as long as short |
| OKX ETH-USDT-SWAP | +0.0072% | 8h | 2,724.2 | −0.069% | $1.65B | $10.77B | 100x | as long as short |
| KuCoin ETHUSDTM | +0.0075% | 8h | 2,724.5 | −0.058% | $382.7M | $576.9M | 100x | as long as short |
| Aster ETHUSDT | +0.0080% | 8h | 2,724.6 | −0.055% | $252.4M | $848.8M | 200x | as long as short |
| Aevo ETH-PERP | +0.0088% | 1h | 2,722.7 | −0.124% | $4.9M | $172K | 20x | as long as short |
| MEXC ETH_USDT | +0.0090% | 8h | 2,724.5 | −0.060% | $1.58B | $2.59B | 500x | as long as short |
| Binance ETHUSDT | +0.0091% | 8h | 2,724.4 | −0.061% | $6.30B | $16.10B | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,725.3 | −0.029% | $112.3M | $433.2M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,726.5 | +0.014% | $23.4M | $102.5M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,724.7 | −0.051% | $500K | $3.6M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,729.2 | +0.113% | $15.4M | $7.5M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,725.3 | −0.028% | $14.0M | $104.6M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,726.9 | +0.029% | $3.10B | $2.04B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,725.5 | −0.023% | $32.1M | $333.3M | 50x | as long as short |
| Ondo Perps ETH-USD.Plong | +0.0100% | 1h | 2,726.1 | long leg | $2.7M | $16.8M | 25x | |
| Arcus ETH-USD | +0.0100% | 1h | 2,725.1 | −0.039% | $1.6M | $16.0M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,724.4 | −0.063% | $3.30B | $8.94B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,724.4 | −0.064% | $2.10B | $2.76B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,724.3 | −0.065% | $15.0M | $40.5M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,724.1 | −0.072% | $133.8M | $316.4M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,725.4 | −0.024% | $185.4M | $683.4M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,726.9 | +0.030% | $158.5M | $82.0M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,726.4 | +0.011% | $20.9M | $70.1M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,727.2 | +0.042% | — | $445K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,726.8 | +0.026% | $11.2M | $9.4M | 50x | as long as short |
| Bullet ETH-USD | +0.0100% | 1h | 2,725 | −0.039% | $192K | $1.7M | 20x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,727.6 | +0.056% | $40.8M | $29.9M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,725 | −0.042% | $955K | $10.8M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,724.7 | −0.051% | $54.3M | $182.7M | 40x | as long as short |
| Phemex ETHUSDTshort | +0.0100% | 8h | 2,724.6 | −0.055% | $262.4M | $64.3M | 150x | |
| Bulk ETH-USD | +0.0100% | 1h | 2,726.7 | +0.023% | $161.2M | $356.8M | 25x | as long as short |
| Aftermath Perps ETHUSD | +0.0101% | 1h | 2,725.7 | −0.015% | $30K | $20K | 20x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,723.6 | −0.091% | $30.4M | $71.5M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0056% | 1h | 2,725.4 | −0.026% | — | $30.2M | 500x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0112% | 1h | 2,726 | −0.002% | $46.6M | $4.27B | 50x | as long as short |
| RISEx ETH/USDC | +0.0114% | 1h | 2,725 | −0.039% | $5.6M | $11.7M | 25x | as long as short |
| Reya ETHRUSDPERP | +0.0179% | 1h | 2,724.9 | −0.044% | $7.3M | $972K | 25x | as long as short |
| Orderly PERP_ETH_USDC | +0.0185% | 8h | 2,727.1 | +0.038% | $32.2M | $11.2M | 100x | as long as short |
| Bluefin ETH-PERP | +0.0343% | 1h | 2,725.5 | −0.021% | $20K | $23K | 25x | as long as short |
Bybit ETHUSDT
HTX ETH-USDT
01 Exchange ETHUSD
Injective ETH/USDC PERP
Hibachi ETH/USDT-P
Kraken Futures PF_ETHUSD
ApeX Omni ETHUSDT
OKX ETH-USDT-SWAP
KuCoin ETHUSDTM
Aster ETHUSDT
Aevo ETH-PERP
MEXC ETH_USDT
Binance ETHUSDT
Lighter ETH
Lighter RH ETH
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Arcus ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bullet ETH-USD
Derive ETH-PERP
SunX ETH-USDT
SoDEX ETH-USD
Bulk ETH-USD
Aftermath Perps ETHUSD
Extended ETH-USD
Jupiter Perps ETH-PERP
Coinbase International ETH-PERP-INTX
RISEx ETH/USDC
Reya ETHRUSDPERP
Orderly PERP_ETH_USDC
Bluefin ETH-PERP