ETH

Alert

Funding spread now, next payment 18:00 UTC0.0000%/8h

paid, last 24h+0.009%paid, last 3 days+0.162%to open and closeno order book

Long on Variational Omni Short on Derive

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ETH	2,744.5	0.0100	pay 0.0100% / 8h	6h 40m	$145.0M	$312.9M	—
Short	Derive ETH-PERP	2,745.6	0.0100	get 0.0013% / 1h	40m 16s	$42.3M	$29.7M	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee DerivebpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Derive: 3 bp × 2 orders: −$6
Net: −$6
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.043%
Avg gap 7d: +0.056%

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, just now	0.56 bp	doesn't fit	0.6 bp −$6	5.5 bp −$549	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	$366K	$6.2M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0275%	1h	$118K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	as long as short
SoDEX ETH-USD	−0.0022%	1h	$55.3M	$161.8M	40x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0013% / S +0.0045%	1h	$11.8M	—	200x	as long as short
dYdX ETH-USD	−0.0010%	1h	$13.6M	$37.4M	50x	as long as short
ApeX Omni ETHUSDT	−0.0007%	1h	$8.1M	$27.9M	100x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.2M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0011%	8h	$1.72B	$11.01B	100x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	$181K	$1.2M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bulk ETH-USD	+0.0030%	1h	$160.2M	$270.4M	25x	as long as short
BingX ETH-USDT	+0.0045%	8h	—	$1.11B	—	as long as short
Gate ETH_USDT	+0.0054%	8h	$3.40B	$8.81B	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	$5.0M	$695K	20x	as long as short
Binance ETHUSDT	+0.0058%	8h	$6.51B	$15.82B	150x	as long as short
MEXC ETH_USDT	+0.0058%	8h	$1.55B	$2.41B	500x	as long as short
HTX ETH-USDT	+0.0066%	8h	$1.08B	$1.18B	200x	as long as short
Deribit ETH-PERPETUAL	+0.0067%	1h	$258.5M	$206.4M	50x	as long as short
Extended ETH-USD	+0.0072%	1h	$31.7M	$75.2M	50x	as long as short
Bullet ETH-USD	+0.0074%	1h	$196K	$1.8M	20x	as long as short
Phemex ETHUSDT	+0.0075%	8h	$264.6M	$65.6M	150x	as long as short
SunX ETH-USDT	+0.0077%	8h	$955K	$14.3M	100x	as long as short
Phoenix ETH	+0.0078%	1h	$1.3M	$2.2M	25x	as long as short
Bitget ETHUSDT	+0.0082%	8h	$2.10B	$3.08B	150x	as long as short
Lighter ETH	+0.0096%	1h	$115.6M	$491.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.2M	$118.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$43.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.8M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$474K	$2.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.8M	$110.4M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$270.6M	$859.4M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.1M	$230.9M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.50B	$4.37B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$2.9M	$14.9M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.7M	$16.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$434.6M	$676.4M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.4M	$39.2M	50x	as long as short
Variational Omni ETHlong	+0.0100%	8h	$145.0M	$312.9M	—
edgeX ETHUSDC	+0.0100%	4h	$178.4M	$758.8M	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	—	$1.0M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.7M	$5.4M	50x	as long as short
Derive ETH-PERPshort	+0.0100%	1h	$42.3M	$29.7M	15x
RISEx ETH/USDC	+0.0105%	1h	$5.8M	$12.1M	25x	as long as short
Bluefin ETH-PERP	+0.0116%	1h	$21K	$26K	25x	as long as short
Coinbase International ETH-PERP-INTX	+0.0136%	1h	$59.5M	$4.58B	50x	as long as short
Kalshi KXETHPERP	+0.0146%	8h	$9.7M	$583.8M	4.9x	as long as short
Hyperliquid ETH	+0.0147%	1h	$3.25B	$2.11B	25x	as long as short
Orderly PERP_ETH_USDC	+0.0168%	8h	$32.2M	$10.7M	100x	as long as short
BloFin ETH-USDT	+0.0178%	8h	$292.7M	$171.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0187%	1h	$7.3M	$933K	25x	as long as short
Hibachi ETH/USDT-P	+0.0200%	1h	$282K	$1.4M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0209%	1h	$84.7M	$320.1M	100x	as long as short
Aftermath Perps ETHUSD	+0.0295%	1h	$29K	$20K	20x	as long as short