ETH

Alert

Funding spread now, next payment 17:00 UTC+0.0068%/8h

paid, last 24h+0.012%paid, last 7 days+0.098%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ETHUSDT	2,754.3	0.0032	pay 0.0032% / 8h	7h 00m	$265.7M	$66.3M	150x
Short	Ondo Perps ETH-USD.P	2,754.9	0.0100	get 0.0013% / 1h	0m 31s	$2.9M	$14.9M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee Ondo PerpsbpOrdersRate

Funding earned: $14.31
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$2.69
Break-even: 8.3 days

Slippage unknown: Phemex: live order book, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.021%
Avg gap 7d: −0.018%

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	6.3 bp −$63	9.5 bp −$946	13.6 bp −$6,802
Sell Ondo Perps no order-book sample	—	—	—	—	—

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 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	$424K	$6.2M	8.3x	as long as short
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
GMX ETH/USD [ETH-USDC]	L −0.0013% / S +0.0045%	1h	$11.8M	—	200x	as long as short
dYdX ETH-USD	+0.0001%	1h	$16.4M	$34.6M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.3M	—	200x	as long as short
BingX ETH-USDT	+0.0010%	8h	—	$1.11B	—	as long as short
OKX ETH-USDT-SWAP	+0.0012%	8h	$1.73B	$11.05B	100x	as long as short
HTX ETH-USDT	+0.0025%	8h	$1.09B	$1.18B	200x	as long as short
SoDEX ETH-USD	+0.0031%	1h	$55.6M	$161.9M	40x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex ETHUSDTlong	+0.0032%	8h	$265.7M	$66.3M	150x
01 Exchange ETHUSD	+0.0032%	1h	$181K	$1.2M	50x	as long as short
Phoenix ETH	+0.0035%	1h	$1.4M	$2.4M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0044%	1h	$258.8M	$208.5M	50x	as long as short
Bulk ETH-USD	+0.0047%	1h	$159.9M	$273.3M	25x	as long as short
Binance ETHUSDT	+0.0069%	8h	$6.55B	$15.81B	150x	as long as short
MEXC ETH_USDT	+0.0070%	8h	$1.53B	$2.54B	500x	as long as short
SunX ETH-USDT	+0.0070%	8h	$949K	$14.3M	100x	as long as short
Aevo ETH-PERP	+0.0072%	1h	$5.0M	$714K	20x	as long as short
Bitget ETHUSDT	+0.0080%	8h	$2.10B	$3.09B	150x	as long as short
Lighter ETH	+0.0096%	1h	$116.1M	$507.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.2M	$120.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$43.8M	500x	as long as short
Extended ETH-USD	+0.0096%	1h	$31.7M	$75.8M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$15.0M	$11.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$463K	$2.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.9M	$110.8M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$272.0M	$883.1M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.1M	$227.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.52B	$4.37B	150x	as long as short
Ondo Perps ETH-USD.Pshort	+0.0100%	1h	$2.9M	$14.9M	25x
Arcus ETH-USD	+0.0100%	1h	$2.7M	$16.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	$3.43B	$9.05B	200x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$426.0M	$680.6M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.2M	$39.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$146.6M	$312.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$179.3M	$757.2M	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	$8.1M	$27.8M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.2M	$51.4M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.7M	$5.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	$198K	$1.8M	20x	as long as short
Derive ETH-PERP	+0.0100%	1h	$42.7M	$29.5M	15x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.0M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	$59.9M	$4.64B	50x	as long as short
RISEx ETH/USDC	+0.0122%	1h	$5.8M	$12.6M	25x	as long as short
Kalshi KXETHPERP	+0.0141%	8h	$10.6M	$575.3M	4.9x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	$283K	$1.4M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0178%	8h	$32.3M	$10.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0180%	1h	$7.4M	$975K	25x	as long as short
BloFin ETH-USDT	+0.0191%	8h	$291.8M	$173.2M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0262%	1h	$85.3M	$320.3M	100x	as long as short
Aftermath Perps ETHUSD	+0.0317%	1h	$29K	$20K	20x	as long as short
Hyperliquid ETH	+0.0389%	1h	$3.28B	$2.11B	25x	as long as short
Bluefin ETH-PERP	+0.1557%	1h	$21K	$26K	25x	as long as short