ETH

Alert

Funding spread now, next payment 15:00 UTC+0.0383%/8h

paid, last 24h+0.077%paid, last 7 days+0.206%to open and close $10k−$40

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.206% in total (about 10.7% 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	Phemex ETHUSDT	2,719.4	0.0044	pay 0.0044% / 8h	1h 45m	$263.0M	$65.6M	150x
Short	dYdX ETH-USD	2,718	0.0426	get 0.0053% / 1h	45m 54s	$24.4M	$21.4M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee dYdXbpOrdersRate

Funding earned: $80.41
Slippage, 4 orders: −$18.43
Fee Phemex: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $39.98
Break-even: 3.5 days

Slippage from Phemex: live order book, 5 min ago; dYdX: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.052%
Avg gap 7d: +0.021%

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 Phemex live order book, 5 min ago	0.02 bp	6.0 bp −$6	6.1 bp −$61	8.5 bp −$850	14.0 bp −$7,003
Sell dYdX live order book, 5 min ago	9.19 bp	14.2 bp −$14	23.4 bp −$234	40.2 bp −$4,015	45.6 bp −$22.8K

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	−0.0038%	8h	$3.67B	$8.31B	200x	as long as short
ApeX Omni ETHUSDT	−0.0002%	1h	$7.6M	$27.3M	100x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$4.6M	$480.9M	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
GMX ETH/USD [ETH-USDC]	L +0.0016% / S +0.0014%	1h	$11.6M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0017%	8h	$1.71B	$10.57B	100x	as long as short
Backpack ETH_USDC_PERP	+0.0032%	1h	$15.4M	$38.2M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex ETHUSDTlong	+0.0044%	8h	$263.0M	$65.6M	150x
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$60.8M	$4.67B	50x	as long as short
Bullet ETH-USD	+0.0066%	1h	$181K	$1.9M	20x	as long as short
Phoenix ETH	+0.0070%	1h	$1.4M	$2.4M	25x	as long as short
Bitget ETHUSDT	+0.0079%	8h	$2.12B	$2.96B	150x	as long as short
SoDEX ETH-USD	+0.0080%	1h	$55.3M	$139.7M	40x	as long as short
Lighter ETH	+0.0096%	1h	$118.5M	$471.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.8M	$115.1M	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	$466K	$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	$267.6M	$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	$14.55B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.42B	$4.27B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.3M	$14.2M	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	$1.53B	$2.33B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$392.7M	$670.1M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.05B	—	as long as short
Variational Omni ETH	+0.0100%	8h	$152.0M	$291.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$191.8M	$666.1M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$20.9M	$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	$32.7M	$72.7M	50x	as long as short
Reya ETHRUSDPERP	+0.0148%	1h	$7.3M	$912K	25x	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	$295.1M	$168.3M	150x	as long as short
Deribit ETH-PERPETUAL	+0.0221%	1h	$259.5M	$209.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0225%	1h	$29K	$34K	20x	as long as short
Hyperliquid ETH	+0.0229%	1h	$3.17B	$2.07B	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	$306K	$1.2M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0262%	1h	$85.0M	$313.8M	100x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$5.9M	$13.5M	25x	as long as short
Ondo Perps ETH-USD.P	+0.0286%	1h	$3.2M	$12.6M	25x	as long as short
dYdX ETH-USDshort	+0.0426%	1h	$24.4M	$21.4M	50x
01 Exchange ETHUSD	+0.0552%	1h	$186K	$1.0M	50x	as long as short
Derive ETH-PERP	+0.0773%	1h	$42.3M	$18.9M	15x	as long as short
Bluefin ETH-PERP	+0.0786%	1h	$19K	$24K	25x	as long as short