ETH

Alert

Funding spread now, next payment 16:00 UTC+0.0005%/8h

next payment, per $10,000+$0.01paid, last 24h−0.001%paid, last 3 days−0.146%to open and close $10k−$24

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ETH	2,753.1	0.0035	pay 0.0004% / 1h	18m 04s	$1.4M	$2.4M	25x
Short	01 Exchange ETHUSD	2,753	0.0040	get 0.0005% / 1h	18m 04s	$180K	$1.2M	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 01 ExchangebpOrdersRate

Funding earned: $1.09
Slippage, 4 orders: −$9.65
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$22.56
Break-even: 152.3 days

Slippage from Phoenix: live order book, 2 min ago; 01 Exchange: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.004%
Avg gap 7d: −0.096%

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	4.3 bp −$4	8.0 bp −$80	21.4 bp −$2,137	doesn't fit
Sell 01 Exchange live order book, 3 min ago	0.18 bp	6.8 bp −$7	16.1 bp −$161	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	−0.0447%	43m	$462K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0054%	1h	$118K	$22.5M	52x	as long as short
HTX ETH-USDT	−0.0015%	8h	$1.09B	$1.19B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0013% / S +0.0045%	1h	$11.7M	—	200x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	$259.4M	$210.0M	50x	as long as short
dYdX ETH-USD	+0.0001%	1h	$16.1M	$34.6M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.3M	—	200x	as long as short
BingX ETH-USDT	+0.0012%	8h	—	$1.11B	—	as long as short
OKX ETH-USDT-SWAP	+0.0013%	8h	$1.71B	$11.14B	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX ETH-USD	+0.0018%	1h	$55.5M	$161.9M	40x	as long as short
SunX ETH-USDT	+0.0018%	8h	$947K	$14.5M	100x	as long as short
Phoenix ETHlong	+0.0035%	1h	$1.4M	$2.4M	25x
01 Exchange ETHUSDshort	+0.0040%	1h	$180K	$1.2M	50x
Bulk ETH-USD	+0.0061%	1h	$159.6M	$276.9M	25x	as long as short
Aevo ETH-PERP	+0.0064%	1h	$5.0M	$720K	20x	as long as short
Binance ETHUSDT	+0.0068%	8h	$6.55B	$15.90B	150x	as long as short
MEXC ETH_USDT	+0.0068%	8h	$1.52B	$2.50B	500x	as long as short
Bitget ETHUSDT	+0.0079%	8h	$2.10B	$3.12B	150x	as long as short
ApeX Omni ETHUSDT	+0.0091%	1h	$8.1M	$27.9M	100x	as long as short
Lighter ETH	+0.0096%	1h	$116.2M	$502.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.2M	$118.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$43.9M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$15.0M	$11.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$463K	$2.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.9M	$111.1M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$275.1M	$888.0M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.2M	$223.9M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.52B	$4.42B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.0M	$14.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.7M	$16.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	$3.45B	$8.97B	200x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$425.5M	$680.9M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.3M	$39.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	$145.7M	$311.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	$178.9M	$763.8M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.1M	$51.3M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.7M	$5.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	$198K	$1.8M	20x	as long as short
Derive ETH-PERP	+0.0100%	1h	$42.7M	$29.6M	15x	as long as short
Phemex ETHUSDT	+0.0100%	8h	$265.3M	$66.7M	150x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	$31.8M	$77.8M	50x	as long as short
Hibachi ETH/USDT-P	+0.0112%	1h	$283K	$1.4M	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	$59.6M	$4.69B	50x	as long as short
RISEx ETH/USDC	+0.0122%	1h	$5.8M	$12.9M	25x	as long as short
Kalshi KXETHPERP	+0.0136%	8h	$10.2M	$565.8M	4.9x	as long as short
Reya ETHRUSDPERP	+0.0175%	1h	$7.3M	$958K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0183%	8h	$32.3M	$10.8M	100x	as long as short
BloFin ETH-USDT	+0.0189%	8h	$292.7M	$175.7M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0263%	1h	$85.1M	$317.1M	100x	as long as short
Aftermath Perps ETHUSD	+0.0307%	1h	$29K	$20K	20x	as long as short
Hyperliquid ETH	+0.0440%	1h	$3.29B	$2.12B	25x	as long as short
Bluefin ETH-PERP	+0.2118%	1h	$21K	$26K	25x	as long as short