ETH

Alert

Funding spread now, next payment 14:00 UTC+0.0158%/8h

paid, last 24h+0.009%paid, last 3 days+0.104%to open and closeno order book

Long on Variational Omni Short on Hyperliquid

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ETH	2,735	0.0100	pay 0.0100% / 8h	2h 00m	$155.6M	$288.4M	—
Short	Hyperliquid ETH	2,735.4	0.0258	get 0.0032% / 1h	0m 39s	$3.23B	$2.03B	25x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee HyperliquidbpOrdersRate

Funding earned: $33.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $24.21
Break-even: 1.9 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Hyperliquid: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.016%
Avg gap 7d: +0.032%

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	0.46 bp	doesn't fit	0.5 bp −$5	0.8 bp −$75	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.18 bp	4.7 bp −$5	4.7 bp −$47	4.9 bp −$494	7.0 bp −$3,475

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	$1K	50x	as long as short
Gate ETH_USDT	−0.0047%	8h	$3.70B	$8.29B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0014% / S +0.0046%	1h	$11.7M	—	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$4.4M	$471.9M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.2M	—	200x	as long as short
Phemex ETHUSDT	+0.0020%	8h	$264.3M	$65.7M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	$1.72B	$10.52B	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0032%	1h	$61.4M	$4.64B	50x	as long as short
ApeX Omni ETHUSDT	+0.0036%	1h	$7.6M	$27.2M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0055%	1h	$83.4M	$314.4M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix ETH	+0.0061%	1h	$1.4M	$2.5M	25x	as long as short
Bitget ETHUSDT	+0.0082%	8h	$2.13B	$2.93B	150x	as long as short
01 Exchange ETHUSD	+0.0088%	1h	$189K	$1.0M	50x	as long as short
Bullet ETH-USD	+0.0095%	1h	$183K	$1.9M	20x	as long as short
Lighter ETH	+0.0096%	1h	$118.9M	$468.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.4M	$115.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$5.0M	$781K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	$13.7M	$11.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$468K	$1.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$19.3M	$109.4M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$267.3M	$800.6M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$30.8M	$181.7M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.57B	$14.33B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.45B	$4.21B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$3.3M	$12.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.4M	$13.5M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.53B	$2.33B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$393.3M	$666.2M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	—	$16.1M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.5M	$38.3M	50x	as long as short
Variational Omni ETHlong	+0.0100%	8h	$155.6M	$288.4M	—
edgeX ETHUSDC	+0.0100%	4h	$192.5M	$656.9M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.0M	$54.2M	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	$4.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$19K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	$945K	$13.8M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	$55.6M	$139.7M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.12B	200x	as long as short
Bulk ETH-USD	+0.0100%	1h	$150.7M	$266.1M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	$33.0M	$71.9M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0109%	1h	$259.4M	$208.1M	50x	as long as short
Perpl ETH	+0.0112%	43m	$173K	$5.2M	8.3x	as long as short
Reya ETHRUSDPERP	+0.0146%	1h	$7.3M	$912K	25x	as long as short
RISEx ETH/USDC	+0.0179%	1h	$5.9M	$13.1M	25x	as long as short
Injective ETH/USDC PERP	+0.0206%	1h	$117K	$22.5M	52x	as long as short
Hibachi ETH/USDT-P	+0.0208%	1h	$282K	$1.2M	20x	as long as short
Aftermath Perps ETHUSD	+0.0211%	1h	$29K	$34K	20x	as long as short
Orderly PERP_ETH_USDC	+0.0215%	8h	$32.1M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$293.0M	$164.5M	150x	as long as short
Hyperliquid ETHshort	+0.0258%	1h	$3.23B	$2.03B	25x
dYdX ETH-USD	+0.0421%	1h	$24.3M	$20.8M	50x	as long as short
Derive ETH-PERP	+0.0518%	1h	$40.2M	$18.4M	15x	as long as short