ETH

Alert

Funding spread now, next payment 14:51 UTC−0.0041%/8h

paid, last 24h+0.023%paid, last 7 days+0.183%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ETHUSDT	2,741.2	0.0041	pay 0.0041% / 8h	51m 51s	$264.9M	$66.7M	150x
Short	Perpl ETH	2,739.1	0	get 0.0000% / 43m	11m 51s	$239K	$5.6M	8.3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee PerplbpOrdersRate

Funding earned: −$8.58
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$34.38
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.077%
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, 4 min ago	0.53 bp	6.5 bp −$7	6.9 bp −$69	15.7 bp −$1,567	20.2 bp −$10.1K
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
ApeX Omni ETHUSDT	−0.0154%	1h	$7.7M	$28.2M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Gate ETH_USDT	−0.0036%	8h	$3.74B	$8.45B	200x	as long as short
Bullet ETH-USD	−0.0001%	1h	$184K	$1.9M	20x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$5.8M	$520.8M	4.9x	as long as short
Perpl ETHshort	0.0000%	43m	$239K	$5.6M	8.3x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.2M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0017%	8h	$1.73B	$10.98B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0018% / S +0.0014%	1h	$11.8M	—	200x	as long as short
SoDEX ETH-USD	+0.0030%	1h	$55.3M	$161.6M	40x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex ETHUSDTlong	+0.0041%	8h	$264.9M	$66.7M	150x
01 Exchange ETHUSD	+0.0048%	1h	$183K	$1.1M	50x	as long as short
Phoenix ETH	+0.0050%	1h	$1.4M	$2.4M	25x	as long as short
Injective ETH/USDC PERP	+0.0067%	1h	$118K	$22.5M	52x	as long as short
Bitget ETHUSDT	+0.0076%	8h	$2.14B	$3.07B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0082%	1h	$260.6M	$212.7M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	$60.4M	$4.79B	50x	as long as short
Lighter ETH	+0.0096%	1h	$119.3M	$486.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.5M	$115.7M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$754K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.4M	$11.3M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$484K	$2.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.8M	$113.9M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$269.3M	$840.3M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.0M	$201.3M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.56B	$15.20B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.49B	$4.38B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.1M	$13.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$15.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$152.2M	$277.4M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.55B	$2.40B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$392.6M	$674.7M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.09B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.0M	$39.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$154.5M	$303.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$175.1M	$728.9M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$52.0M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.7M	$5.2M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$20K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$944K	$14.5M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.19B	200x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.2M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.6M	$74.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	—	$45.8M	500x	as long as short
dYdX ETH-USD	+0.0137%	1h	$20.1M	$28.4M	50x	as long as short
Hyperliquid ETH	+0.0142%	1h	$3.20B	$2.12B	25x	as long as short
Reya ETHRUSDPERP	+0.0153%	1h	$7.3M	$959K	25x	as long as short
RISEx ETH/USDC	+0.0171%	1h	$5.9M	$13.6M	25x	as long as short
Hibachi ETH/USDT-P	+0.0208%	1h	$288K	$1.3M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0213%	8h	$32.2M	$11.0M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$295.1M	$173.4M	150x	as long as short
Aftermath Perps ETHUSD	+0.0248%	1h	$29K	$27K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0350%	1h	$84.4M	$316.9M	100x	as long as short
Derive ETH-PERP	+0.0485%	1h	$43.0M	$26.3M	15x	as long as short