ETH

Alert

Funding spread now, next payment 15:00 UTC+0.0219%/8h

paid, last 24h+0.008%paid, last 3 days+0.023%to open and close $10k−$22

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.023% in total (about 2.8% 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	2,727.9	0.0047	pay 0.0047% / 8h	1h 38m	$263.7M	$65.7M	150x
Short	RISEx ETH/USDC	2,727.6	0.0266	get 0.0033% / 1h	38m 51s	$6.0M	$13.5M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee RISExbpOrdersRate

Funding earned: $46.04
Slippage, 4 orders: −$3.83
Fee Phemex: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $24.21
Break-even: 3.3 days

Slippage from Phemex: live order book, 2 min ago; RISEx: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.012%
Avg gap 7d: +0.022%

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, 2 min ago	0.02 bp	6.0 bp −$6	6.4 bp −$64	10.8 bp −$1,081	doesn't fit
Sell RISEx live order book, 2 min ago	1.04 bp	4.0 bp −$4	5.3 bp −$53	doesn't fit	doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0335%	43m	$176K	$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	−0.0040%	8h	$3.67B	$8.37B	200x	as long as short
ApeX Omni ETHUSDT	−0.0005%	1h	$7.6M	$27.5M	100x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$4.8M	$485.4M	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
OKX ETH-USDT-SWAP	+0.0015%	8h	$1.71B	$10.59B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0016% / S +0.0014%	1h	$11.7M	—	200x	as long as short
Phemex ETHUSDTlong	+0.0047%	8h	$263.7M	$65.7M	150x

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack ETH_USDC_PERP	+0.0053%	1h	$15.5M	$38.8M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$61.1M	$4.70B	50x	as long as short
Phoenix ETH	+0.0070%	1h	$1.4M	$2.4M	25x	as long as short
Bullet ETH-USD	+0.0073%	1h	$182K	$1.9M	20x	as long as short
Bitget ETHUSDT	+0.0078%	8h	$2.13B	$2.97B	150x	as long as short
Lighter ETH	+0.0096%	1h	$118.3M	$472.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.8M	$115.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.6M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$4.9M	$776K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	$14.1M	$11.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$478K	$1.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$18.9M	$111.4M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$269.0M	$813.5M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$30.9M	$189.0M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.57B	$14.60B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.42B	$4.28B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.4M	$14.5M	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	$1.54B	$2.34B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$394.8M	$667.0M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.06B	—	as long as short
Variational Omni ETH	+0.0100%	8h	$153.0M	$293.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$192.4M	$670.4M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$20.9M	$54.9M	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	$4.9M	50x	as long as short
SunX ETH-USDT	+0.0100%	8h	$941K	$14.1M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	$55.5M	$139.8M	40x	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	$32.8M	$72.8M	50x	as long as short
Reya ETHRUSDPERP	+0.0149%	1h	$7.3M	$913K	25x	as long as short
Hyperliquid ETH	+0.0188%	1h	$3.18B	$2.07B	25x	as long as short
Orderly PERP_ETH_USDC	+0.0213%	8h	$32.0M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$293.5M	$172.6M	150x	as long as short
Deribit ETH-PERPETUAL	+0.0238%	1h	$259.9M	$210.3M	50x	as long as short
Aftermath Perps ETHUSD	+0.0242%	1h	$29K	$34K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0261%	1h	$85.2M	$313.8M	100x	as long as short
Hibachi ETH/USDT-P	+0.0264%	1h	$302K	$1.2M	20x	as long as short
RISEx ETH/USDCshort	+0.0266%	1h	$6.0M	$13.5M	25x
Ondo Perps ETH-USD.P	+0.0272%	1h	$3.2M	$12.9M	25x	as long as short
Bluefin ETH-PERP	+0.0390%	1h	$19K	$24K	25x	as long as short
dYdX ETH-USD	+0.0439%	1h	$24.2M	$21.9M	50x	as long as short
01 Exchange ETHUSD	+0.0456%	1h	$186K	$1.0M	50x	as long as short
Derive ETH-PERP	+0.0744%	1h	$42.5M	$22.0M	15x	as long as short