ETH

Alert

Funding spread now, next payment 16:18 UTC−0.0547%/8h

paid, last 24h+0.010%paid, last 7 days+0.132%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.132% in total (about 6.9% 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	Pacifica ETH	2,765.6	0.0100	pay 0.0013% / 1h	31m 24s	$31.3M	$219.7M	50x
Short	Perpl ETH	2,765.8	−0.0447	pay 0.0040% / 43m	17m 24s	$425K	$6.2M	8.3x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee PerplbpOrdersRate

Funding earned: −$114.77
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$136.57
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 4 min ago; Perpl: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.006%
Avg gap 7d: +0.014%

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 Pacifica live order book, 4 min ago	0.18 bp	4.2 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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
Perpl ETHshort	−0.0447%	43m	$425K	$6.2M	8.3x
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0054%	1h	$118K	$22.5M	52x	as long as short
Phemex ETHUSDT	−0.0043%	8h	$266.2M	$66.7M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0013% / S +0.0045%	1h	$11.8M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	$16.6M	$34.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0013%	8h	$1.72B	$11.28B	100x	as long as short
SoDEX ETH-USD	+0.0029%	1h	$55.7M	$161.9M	40x	as long as short
ApeX Omni ETHUSDT	+0.0034%	1h	$7.9M	$28.0M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix ETH	+0.0035%	1h	$1.4M	$2.4M	25x	as long as short
HTX ETH-USDT	+0.0055%	8h	$1.09B	$1.19B	200x	as long as short
01 Exchange ETHUSD	+0.0056%	1h	$181K	$1.2M	50x	as long as short
Bulk ETH-USD	+0.0063%	1h	$157.8M	$272.8M	25x	as long as short
SunX ETH-USDT	+0.0074%	8h	$951K	$14.6M	100x	as long as short
MEXC ETH_USDT	+0.0077%	8h	$1.52B	$2.45B	500x	as long as short
Bitget ETHUSDT	+0.0077%	8h	$2.11B	$3.16B	150x	as long as short
Binance ETHUSDT	+0.0078%	8h	$6.58B	$15.93B	150x	as long as short
Aevo ETH-PERP	+0.0080%	1h	$5.0M	$723K	20x	as long as short
Hibachi ETH/USDT-P	+0.0088%	1h	$290K	$1.3M	20x	as long as short
Lighter ETH	+0.0096%	1h	$117.2M	$497.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.4M	$117.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$44.7M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$474K	$2.2M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$15.0M	$11.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.8M	$112.4M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$273.9M	$876.2M	200x	as long as short
Pacifica ETHlong	+0.0100%	1h	$31.3M	$219.7M	50x
Bybit ETHUSDT	+0.0100%	8h	$2.53B	$4.46B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$14.9M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.7M	$16.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	$3.48B	$8.84B	200x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$410.3M	$688.3M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	—	$16.9M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.3M	$39.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$143.1M	$309.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$178.7M	$764.0M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.2M	$51.0M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.8M	$5.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	$199K	$1.9M	20x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	$31.7M	$78.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	$60.3M	$4.75B	50x	as long as short
RISEx ETH/USDC	+0.0122%	1h	$5.8M	$13.1M	25x	as long as short
Kalshi KXETHPERP	+0.0128%	8h	$9.8M	$559.4M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0145%	1h	$260.8M	$215.2M	50x	as long as short
Derive ETH-PERP	+0.0157%	1h	$42.8M	$27.7M	15x	as long as short
Reya ETHRUSDPERP	+0.0172%	1h	$7.4M	$964K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0192%	8h	$32.4M	$10.9M	100x	as long as short
BloFin ETH-USDT	+0.0199%	8h	$291.3M	$176.9M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0262%	1h	$87.0M	$314.7M	100x	as long as short
Aftermath Perps ETHUSD	+0.0276%	1h	$29K	$27K	20x	as long as short
Hyperliquid ETH	+0.0500%	1h	$3.32B	$2.17B	25x	as long as short
Bluefin ETH-PERP	+0.3450%	1h	$21K	$26K	25x	as long as short