ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0074%/8h= −8.2% APRnext payment −$0.74 per $10,000 · paid last 24h −0.038%

Price spread now: Phemex against Orderly−0.073%7-day average −0.082% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.279%−$28 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.073%, 7d avg −0.082%

Together, before fees−0.276%−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ETH_USDC	2,750.2	0.0174	pay 0.0174% / 8h	5h 56m	$32.5M	$10.0M	100x
Short	Phemex ETHUSDT	2,748.2	0.0100	get 0.0100% / 8h	5h 56m	$264.1M	$57.4M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee PhemexbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$15.64
Price spread: −0.073% → −0.082%: $0.9
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$32.75
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 6 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 Orderly no order-book sample	—	—	—	—	—
Sell Phemex live order book, 6 min ago	0.02 bp	6.2 bp −$6	6.4 bp −$64	8.8 bp −$876	doesn't fit

Orderly: 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 exchanges

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
Hibachi ETH/USDT-P	−0.0128%	1h	2,750.1	−0.005%	$235K	$1.2M	20x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,749.4	−0.030%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,750	−0.008%	$809K	$2.8M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,748.5	−0.061%	$12.2M	—	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,749	−0.045%	$7.2M	$661.1M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,749.9	−0.012%	$269K	$5.0M	8.3x	as long as short
Bybit ETHUSDT	+0.0002%	8h	2,748.6	−0.061%	$2.37B	$3.83B	150x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,749.5	−0.026%	$33.2M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0024%	1h	2,748.5	−0.063%	$8.3M	$25.3M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0068%	8h	2,748.3	−0.069%	$1.67B	$9.26B	100x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0072%	1h	2,749.4	−0.030%	$182K	$950K	50x	as long as short
Deribit ETH-PERPETUAL	+0.0074%	1h	2,749.4	−0.029%	$266.7M	$185.6M	50x	as long as short
Gate ETH_USDT	+0.0082%	8h	2,748.4	−0.068%	$3.27B	$7.68B	200x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,748.6	−0.060%	$257.5M	$722.9M	200x	as long as short
KuCoin ETHUSDTM	+0.0088%	8h	2,748.8	−0.054%	$365.4M	$442.5M	100x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,747.3	−0.107%	$4.9M	$214K	20x	as long as short
MEXC ETH_USDT	+0.0090%	8h	2,748.6	−0.061%	$1.60B	$2.34B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,748.5	−0.063%	$6.41B	$14.10B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,748.8	−0.053%	$113.9M	$382.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,750.1	−0.005%	$23.8M	$93.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,748.2	−0.073%	—	$23.6M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,749.4	−0.029%	$46.2M	$3.91B	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,748.4	−0.067%	$507K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,749.6	−0.021%	$14.6M	$96.1M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,750.2	−0.001%	$32.4M	$325.1M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,748.7	−0.056%	$2.8M	$14.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,749.6	−0.023%	$1.5M	$14.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,749.3	−0.035%	$164.5M	$330.2M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,748.3	−0.070%	$2.11B	$2.31B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,748.5	−0.064%	—	$945.9M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,748	−0.082%	$14.9M	$36.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,747.4	−0.101%	$132.5M	$292.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,747.4	−0.104%	$185.1M	$624.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,750.1	−0.004%	$159.9M	$69.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,750.6	+0.013%	$21.1M	$75.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,749.8	−0.014%	—	$352K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,749.7	−0.019%	$11.3M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,748.3	−0.070%	$177K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,748.6	−0.061%	$20K	$14K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,748.8	−0.051%	$948K	$8.7M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,748.5	−0.063%	$61.9M	$121.8M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,748.4	−0.068%	$1.05B	$1.05B	200x	as long as short
Phemex ETHUSDTshort	+0.0100%	8h	2,748.2	−0.073%	$264.1M	$57.4M	150x
Extended ETH-USD	+0.0104%	1h	2,746.9	−0.122%	$30.5M	$65.2M	50x	as long as short
Aftermath Perps ETHUSD	+0.0104%	1h	2,748.8	−0.051%	$30K	$8K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,748.7	−0.057%	$82.5M	$275.0M	100x	as long as short
Reya ETHRUSDPERP	+0.0157%	1h	2,747.3	−0.106%	$7.3M	$832K	25x	as long as short
Orderly PERP_ETH_USDClong	+0.0174%	8h	2,750.2	long leg	$32.5M	$10.0M	100x
dYdX ETH-USD	+0.0189%	1h	2,749.3	−0.035%	$15.3M	$42.8M	50x	as long as short
RISEx ETH/USDC	+0.0206%	1h	2,749.6	−0.024%	$5.7M	$10.6M	25x	as long as short
Hyperliquid ETH	+0.0247%	1h	2,751.6	+0.051%	$3.16B	$1.75B	25x	as long as short
BloFin ETH-USDT	+0.0361%	8h	2,749.4	−0.029%	$283.3M	$149.9M	150x	as long as short
Injective ETH/USDC PERP	+0.0461%	1h	2,751.5	+0.046%	$118K	$21.7M	52x	as long as short
Paradex ETH-USD-PERP	+0.0516%	8h	2,753.3	+0.112%	$15.9M	$6.2M	50x	as long as short