ETH

Alert

Funding spread now, next payment 15:00 UTC+0.0050%/8h

next payment, per $10,000+$0.06paid, last 24h+0.007%paid, last 5 days−0.055%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ETH	2,756.4	0.0050	pay 0.0006% / 1h	58m 24s	$1.4M	$2.3M	25x
Short	Bluefin ETH-PERP	2,755.5	0.0100	get 0.0013% / 1h	58m 24s	$21K	$26K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BluefinbpOrdersRate

Funding earned: $10.57
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$3.43
Break-even: 9.3 days

Slippage unknown: Phoenix: live order book, 2 min ago; Bluefin: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.031%
Avg gap 7d: —

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, 2 min ago	0.18 bp	4.2 bp −$4	7.7 bp −$77	21.0 bp −$2,098	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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	$469K	$6.0M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
HTX ETH-USDT	−0.0073%	8h	$1.09B	$1.20B	200x	as long as short
Injective ETH/USDC PERP	−0.0054%	1h	$119K	$22.5M	52x	as long as short
Gate ETH_USDT	−0.0047%	8h	$3.38B	$8.50B	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$9.0M	$547.8M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.3M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0011%	8h	$1.71B	$11.25B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0018% / S +0.0013%	1h	$11.9M	—	200x	as long as short
Phemex ETHUSDT	+0.0022%	8h	$265.9M	$67.1M	150x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni ETHUSDT	+0.0032%	1h	$7.7M	$27.8M	100x	as long as short
SoDEX ETH-USD	+0.0044%	1h	$55.6M	$161.8M	40x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	$179K	$1.2M	50x	as long as short
Phoenix ETHlong	+0.0050%	1h	$1.4M	$2.3M	25x
dYdX ETH-USD	+0.0065%	1h	$16.2M	$33.0M	50x	as long as short
Bitget ETHUSDT	+0.0068%	8h	$2.11B	$3.17B	150x	as long as short
Hibachi ETH/USDT-P	+0.0072%	1h	$291K	$1.3M	20x	as long as short
Aevo ETH-PERP	+0.0088%	1h	$5.0M	$732K	20x	as long as short
Binance ETHUSDT	+0.0089%	8h	$6.58B	$15.73B	150x	as long as short
MEXC ETH_USDT	+0.0089%	8h	$1.52B	$2.39B	500x	as long as short
Lighter ETH	+0.0096%	1h	$118.4M	$487.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.9M	$114.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$44.9M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.7M	$11.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$472K	$2.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$18.1M	$113.9M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$268.7M	$860.2M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.0M	$215.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.51B	$4.49B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$14.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$15.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$154.5M	$270.8M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$406.2M	$680.1M	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	$40.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$154.0M	$303.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$177.7M	$752.9M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.1M	$51.4M	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	$10.8M	$5.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	$196K	$1.9M	20x	as long as short
Bluefin ETH-PERPshort	+0.0100%	1h	$21K	$26K	25x
SunX ETH-USDT	+0.0100%	8h	$950K	$14.8M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.6M	$75.9M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	$60.8M	$4.80B	50x	as long as short
RISEx ETH/USDC	+0.0122%	1h	$5.8M	$13.5M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0138%	1h	$259.6M	$216.5M	50x	as long as short
Reya ETHRUSDPERP	+0.0164%	1h	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0201%	8h	$32.4M	$10.8M	100x	as long as short
BloFin ETH-USDT	+0.0209%	8h	$295.3M	$180.8M	150x	as long as short
Derive ETH-PERP	+0.0226%	1h	$42.8M	$27.7M	15x	as long as short
Kraken Futures PF_ETHUSD	+0.0262%	1h	$86.8M	$315.8M	100x	as long as short
Aftermath Perps ETHUSD	+0.0318%	1h	$29K	$27K	20x	as long as short
Hyperliquid ETH	+0.0671%	1h	$3.31B	$2.22B	25x	as long as short