ETH

Alert

Funding spread now, next payment 16:00 UTC0.0000%/8h

paid, last 24h+0.003%paid, last 3 days+0.059%to open and closeno order book

Long on Variational Omni Short on Bluefin

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ETH	2,739.5	0.0100	pay 0.0100% / 8h	55m 41s	$154.5M	$303.4M	—
Short	Bluefin ETH-PERP	2,741.1	0.0100	get 0.0013% / 1h	55m 41s	$20K	$24K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BluefinbpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$7
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Bluefin: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.061%
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 Variational Omni RFQ quote, 5 min ago	0.82 bp	doesn't fit	0.8 bp −$8	2.8 bp −$280	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
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
Gate ETH_USDT	−0.0034%	8h	$3.72B	$8.42B	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$6.0M	$518.3M	4.9x	as long as short
Perpl ETH	0.0000%	43m	$208K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.1M	—	200x	as long as short
Bullet ETH-USD	+0.0011%	1h	$182K	$1.9M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0017%	8h	$1.73B	$10.98B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0018% / S +0.0014%	1h	$11.8M	—	200x	as long as short
Phemex ETHUSDT	+0.0041%	8h	$264.8M	$66.8M	150x	as long as short
01 Exchange ETHUSD	+0.0064%	1h	$184K	$1.1M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ETH/USDC PERP	+0.0067%	1h	$118K	$22.5M	52x	as long as short
Phoenix ETH	+0.0070%	1h	$1.4M	$2.4M	25x	as long as short
SoDEX ETH-USD	+0.0075%	1h	$55.3M	$161.6M	40x	as long as short
Bitget ETHUSDT	+0.0077%	8h	$2.13B	$3.08B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	$60.4M	$4.80B	50x	as long as short
Lighter ETH	+0.0096%	1h	$118.7M	$484.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.5M	$115.4M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$754K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.4M	$11.3M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$484K	$2.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.8M	$114.0M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$268.5M	$839.9M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.1M	$201.3M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.55B	$15.23B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.49B	$4.39B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.1M	$13.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.5M	$15.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$152.2M	$277.4M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.53B	$2.40B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$392.2M	$675.3M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.11B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.0M	$39.1M	50x	as long as short
Variational Omni ETHlong	+0.0100%	8h	$154.5M	$303.4M	—
edgeX ETHUSDC	+0.0100%	4h	$176.6M	$721.4M	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	$7.7M	$28.2M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$52.6M	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	$5.2M	50x	as long as short
Bluefin ETH-PERPshort	+0.0100%	1h	$20K	$24K	25x
SunX ETH-USDT	+0.0100%	8h	$945K	$14.6M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.19B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.6M	$74.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	—	$45.9M	500x	as long as short
Deribit ETH-PERPETUAL	+0.0108%	1h	$260.6M	$214.2M	50x	as long as short
Reya ETHRUSDPERP	+0.0153%	1h	$7.3M	$962K	25x	as long as short
dYdX ETH-USD	+0.0158%	1h	$20.1M	$28.4M	50x	as long as short
Hyperliquid ETH	+0.0169%	1h	$3.20B	$2.16B	25x	as long as short
RISEx ETH/USDC	+0.0171%	1h	$5.8M	$13.6M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0213%	8h	$32.2M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$295.1M	$178.6M	150x	as long as short
Hibachi ETH/USDT-P	+0.0224%	1h	$283K	$1.3M	20x	as long as short
Aftermath Perps ETHUSD	+0.0250%	1h	$29K	$30K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0350%	1h	$84.3M	$317.2M	100x	as long as short
Derive ETH-PERP	+0.0474%	1h	$43.0M	$26.3M	15x	as long as short