ETH

Alert

Funding spread now, next payment 14:00 UTC+0.0060%/8h

next payment, per $10,000+$0.07paid, last 24h0.000%paid, last 7 days−0.058%to open and close $10k−$18

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ETH	2,717.9	0.0070	pay 0.0009% / 1h	50m 58s	$1.4M	$2.4M	25x
Short	Deribit ETH-PERPETUAL	2,714.8	0.0130	get 0.0016% / 1h	50m 58s	$259.5M	$208.8M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee DeribitbpOrdersRate

Funding earned: $12.54
Slippage, 4 orders: −$3.69
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$5.15
Break-even: 9.9 days

Slippage from Phoenix: live order book, 9 min ago; Deribit: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.116%
Avg gap 7d: −0.048%

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, 9 min ago	0.18 bp	4.2 bp −$4	7.6 bp −$76	20.9 bp −$2,090	doesn't fit
Sell Deribit live order book, 5 min ago	0.18 bp	5.0 bp −$5	6.4 bp −$64	13.0 bp −$1,295	49.0 bp −$24.5K

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0335%	43m	$169K	$5.2M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0163%	1h	$7.5M	$27.3M	100x	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	$3.66B	$8.26B	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$4.3M	$477.3M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.0M	—	200x	as long as short
Backpack ETH_USDC_PERP	+0.0013%	1h	$15.4M	$38.1M	50x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0016% / S +0.0014%	1h	$11.6M	—	200x	as long as short
SoDEX ETH-USD	+0.0017%	1h	$55.2M	$139.7M	40x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0018%	8h	$1.71B	$10.52B	100x	as long as short
Phemex ETHUSDT	+0.0041%	8h	$262.5M	$65.6M	150x	as long as short
Bullet ETH-USD	+0.0054%	1h	$181K	$1.9M	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$60.9M	$4.63B	50x	as long as short
Phoenix ETHlong	+0.0070%	1h	$1.4M	$2.4M	25x
Bitget ETHUSDT	+0.0081%	8h	$2.12B	$2.95B	150x	as long as short
Lighter ETH	+0.0096%	1h	$118.3M	$468.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.6M	$114.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.5M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$4.9M	$781K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	$13.6M	$11.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$466K	$1.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$18.7M	$110.4M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$266.0M	$806.2M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$30.8M	$185.4M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.54B	$14.47B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.41B	$4.26B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.3M	$13.7M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.52B	$2.31B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$389.8M	$667.4M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	—	$16.1M	—	as long as short
Variational Omni ETH	+0.0100%	8h	$155.1M	$289.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$191.8M	$663.9M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$20.8M	$55.3M	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	$4.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$19K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$936K	$13.9M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.07B	$1.13B	200x	as long as short
Bulk ETH-USD	+0.0100%	1h	$150.8M	$274.0M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.8M	$72.5M	50x	as long as short
Deribit ETH-PERPETUALshort	+0.0130%	1h	$259.5M	$208.8M	50x
Reya ETHRUSDPERP	+0.0147%	1h	$7.3M	$911K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0214%	8h	$31.8M	$11.1M	100x	as long as short
Aftermath Perps ETHUSD	+0.0215%	1h	$29K	$34K	20x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$293.8M	$165.0M	150x	as long as short
Ondo Perps ETH-USD.P	+0.0235%	1h	$3.2M	$12.5M	25x	as long as short
Hibachi ETH/USDT-P	+0.0240%	1h	$305K	$1.2M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0262%	1h	$84.6M	$313.1M	100x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$5.8M	$13.4M	25x	as long as short
Hyperliquid ETH	+0.0275%	1h	$3.17B	$2.05B	25x	as long as short
dYdX ETH-USD	+0.0419%	1h	$24.4M	$21.3M	50x	as long as short
01 Exchange ETHUSD	+0.0592%	1h	$186K	$1.0M	50x	as long as short
Derive ETH-PERP	+0.0708%	1h	$42.1M	$18.9M	15x	as long as short