ETH

Alert

Funding spread now, next payment 18:00 UTC+0.0027%/8h

next payment, per $10,000+$0.03paid, last 24h+0.006%paid, last 3 days−0.093%to open and close $10k−$16

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ETH	2,746.4	0.0073	pay 0.0009% / 1h	45m 34s	$1.1M	$2.5M	25x
Short	Arcus ETH-USD	2,751	0.0100	get 0.0013% / 1h	45m 34s	$2.7M	$16.0M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee ArcusbpOrdersRate

Funding earned: $5.69
Slippage, 4 orders: −$4.6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$10.4
Break-even: 19.8 days

Slippage from Phoenix: live order book, 4 min ago; Arcus: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.166%
Avg gap 7d: −0.072%

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 Phoenix live order book, 4 min ago	0.18 bp	4.3 bp −$4	7.5 bp −$75	20.4 bp −$2,042	doesn't fit
Sell Arcus live order book, 5 min ago	0.02 bp	2.5 bp −$3	2.8 bp −$28	5.1 bp −$507	doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	$295K	$6.3M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0013% / S +0.0045%	1h	$11.9M	—	200x	as long as short
Injective ETH/USDC PERP	−0.0004%	1h	$118K	$22.5M	52x	as long as short
Bulk ETH-USD	−0.0004%	1h	$157.2M	$272.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	$13.1M	$41.5M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	$178K	$1.2M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.3M	—	200x	as long as short
SoDEX ETH-USD	+0.0007%	1h	$55.5M	$161.9M	40x	as long as short
Phemex ETHUSDT	+0.0010%	8h	$265.3M	$64.9M	150x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0013%	8h	$1.73B	$11.03B	100x	as long as short
Bullet ETH-USD	+0.0038%	1h	$194K	$1.8M	20x	as long as short
Deribit ETH-PERPETUAL	+0.0041%	1h	$258.4M	$204.1M	50x	as long as short
MEXC ETH_USDT	+0.0056%	8h	$1.57B	$2.38B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	$5.0M	$671K	20x	as long as short
Binance ETHUSDT	+0.0057%	8h	$6.53B	$15.88B	150x	as long as short
Gate ETH_USDT	+0.0064%	8h	$3.35B	$8.92B	200x	as long as short
Phoenix ETHlong	+0.0073%	1h	$1.1M	$2.5M	25x
RISEx ETH/USDC	+0.0083%	1h	$5.9M	$12.0M	25x	as long as short
Bitget ETHUSDT	+0.0085%	8h	$2.11B	$2.96B	150x	as long as short
ApeX Omni ETHUSDT	+0.0088%	1h	$8.2M	$28.0M	100x	as long as short
Lighter ETH	+0.0096%	1h	$116.2M	$478.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.5M	$119.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$43.5M	500x	as long as short
Extended ETH-USD	+0.0096%	1h	$31.6M	$75.3M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$267.3M	$933.1M	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.5M	$10.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$479K	$2.4M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.3M	$111.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	$3.19B	$2.14B	25x	as long as short
Pacifica ETH	+0.0100%	1h	$31.1M	$243.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.51B	$4.33B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$2.9M	$14.9M	25x	as long as short
Arcus ETH-USDshort	+0.0100%	1h	$2.7M	$16.0M	25x
KuCoin ETHUSDTM	+0.0100%	8h	$438.2M	$679.0M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	—	$16.9M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.2M	$40.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$144.5M	$308.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$179.1M	$742.0M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.2M	$51.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.0M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$11.5M	$6.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	$42.4M	$29.5M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	$965K	$14.1M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.21B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0136%	1h	$59.4M	$4.53B	50x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	$32.2M	$10.8M	100x	as long as short
Kalshi KXETHPERP	+0.0137%	8h	$9.7M	$606.0M	4.9x	as long as short
Aftermath Perps ETHUSD	+0.0160%	1h	$29K	$20K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0162%	1h	$84.9M	$321.0M	100x	as long as short
BloFin ETH-USDT	+0.0176%	8h	$290.3M	$175.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0203%	1h	$7.3M	$890K	25x	as long as short
Hibachi ETH/USDT-P	+0.0240%	1h	$272K	$1.4M	20x	as long as short