ETH

Alert

Funding spread now, next payment 18:00 UTC−0.0004%/8h

paid, last 24h−0.001%paid, last 3 days+0.015%to open and closeno order book

Long on Variational Omni Short on Lighter

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ETH	2,745.2	0.0100	pay 0.0100% / 8h	6h 35m	$145.4M	$312.1M	—
Short	Lighter ETH	2,752.8	0.0096	get 0.0012% / 1h	35m 13s	$115.9M	$493.0M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee LighterbpOrdersRate

Funding earned: −$0.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.84
Break-even: never at this rate

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

Price risk

price view

Price gap now: +0.279%
Avg gap 7d: +0.006%

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	0.51 bp	doesn't fit	0.5 bp −$5	4.9 bp −$491	doesn't fit
Sell Lighter live order book, 5 min ago	0.29 bp	0.3 bp $0	0.3 bp −$3	2.0 bp −$205	6.0 bp −$3,016

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	$360K	$6.2M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0275%	1h	$118K	$22.5M	52x	as long as short
ApeX Omni ETHUSDT	−0.0116%	1h	$8.0M	$27.9M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$2K	50x	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	−0.0008%	1h	$13.7M	$37.5M	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	+0.0010%	8h	—	$1.11B	—	as long as short
SoDEX ETH-USD	+0.0011%	1h	$55.5M	$162.0M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0013%	8h	$1.72B	$11.03B	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0024%	1h	$181K	$1.2M	50x	as long as short
Phemex ETHUSDT	+0.0028%	8h	$265.4M	$65.6M	150x	as long as short
Bulk ETH-USD	+0.0030%	1h	$160.2M	$270.4M	25x	as long as short
Aevo ETH-PERP	+0.0056%	1h	$5.0M	$692K	20x	as long as short
MEXC ETH_USDT	+0.0059%	8h	$1.56B	$2.42B	500x	as long as short
Binance ETHUSDT	+0.0059%	8h	$6.53B	$15.83B	150x	as long as short
Phoenix ETH	+0.0078%	1h	$1.3M	$2.2M	25x	as long as short
HTX ETH-USDT	+0.0079%	8h	$1.09B	$1.18B	200x	as long as short
Gate ETH_USDT	+0.0082%	8h	$3.40B	$8.85B	200x	as long as short
Bullet ETH-USD	+0.0082%	1h	$196K	$1.8M	20x	as long as short
Bitget ETHUSDT	+0.0083%	8h	$2.11B	$3.03B	150x	as long as short
Extended ETH-USD	+0.0088%	1h	$31.7M	$75.1M	50x	as long as short
SunX ETH-USDT	+0.0093%	8h	$952K	$14.3M	100x	as long as short
Lighter ETHshort	+0.0096%	1h	$115.9M	$493.0M	50x
Lighter RH ETH	+0.0096%	1h	$25.3M	$119.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$43.5M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$475K	$2.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.7M	$110.6M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$270.1M	$929.3M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.1M	$234.0M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.51B	$4.37B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	$2.9M	$15.0M	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	$440.9M	$678.7M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.5M	$40.0M	50x	as long as short
Variational Omni ETHlong	+0.0100%	8h	$145.4M	$312.1M	—
edgeX ETHUSDC	+0.0100%	4h	$178.3M	$750.5M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.1M	$51.5M	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	$5.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$21K	$26K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	$42.5M	$29.7M	15x	as long as short
RISEx ETH/USDC	+0.0105%	1h	$5.8M	$12.0M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0113%	1h	$258.5M	$206.2M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0136%	1h	$59.5M	$4.59B	50x	as long as short
Hyperliquid ETH	+0.0142%	1h	$3.25B	$2.10B	25x	as long as short
Kalshi KXETHPERP	+0.0145%	8h	$9.7M	$586.7M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0165%	8h	$32.3M	$10.7M	100x	as long as short
BloFin ETH-USDT	+0.0179%	8h	$294.1M	$173.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0188%	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	+0.0208%	1h	$85.0M	$320.2M	100x	as long as short
Aftermath Perps ETHUSD	+0.0272%	1h	$29K	$20K	20x	as long as short