ETH

Alert

Funding spread now, next payment 16:00 UTC+0.0115%/8h

next payment, per $10,000+$1.15paid, last 24h+0.031%paid, last 3 days+0.287%to open and closeno order book

Long on Variational Omni Short on Orderly

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ETH	2,734.4	0.0100	pay 0.0100% / 8h	1h 54m	$155.1M	$289.1M	—
Short	Orderly PERP_ETH_USDC	2,722.8	0.0215	get 0.0215% / 8h	1h 54m	$31.9M	$11.1M	100x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee OrderlybpOrdersRate

Funding earned: $24.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $18.13
Break-even: 1.7 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.423%
Avg gap 7d: +0.085%

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, 2 min ago	0.49 bp	doesn't fit	0.5 bp −$5	2.5 bp −$247	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Injective ETH/USDC PERP	−0.0112%	1h	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$1K	50x	as long as short
Gate ETH_USDT	−0.0041%	8h	$3.69B	$8.19B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0014% / S +0.0046%	1h	$11.6M	—	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$4.4M	$475.4M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.1M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0018%	8h	$1.71B	$10.47B	100x	as long as short
Phemex ETHUSDT	+0.0029%	8h	$263.1M	$65.6M	150x	as long as short
SoDEX ETH-USD	+0.0034%	1h	$55.3M	$139.7M	40x	as long as short
Backpack ETH_USDC_PERP	+0.0040%	1h	$15.4M	$38.0M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$61.2M	$4.63B	50x	as long as short
Bullet ETH-USD	+0.0060%	1h	$182K	$1.9M	20x	as long as short
Phoenix ETH	+0.0070%	1h	$1.4M	$2.3M	25x	as long as short
Bitget ETHUSDT	+0.0082%	8h	$2.12B	$2.93B	150x	as long as short
Lighter ETH	+0.0096%	1h	$118.5M	$466.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.5M	$113.2M	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	$4.9M	$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	$466K	$1.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$19.2M	$109.6M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$265.8M	$801.7M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$31.0M	$185.4M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.55B	$14.35B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.43B	$4.22B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.3M	$13.6M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.53B	$2.30B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$391.8M	$666.6M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	—	$1.05B	—	as long as short
Variational Omni ETHlong	+0.0100%	8h	$155.1M	$289.1M	—
edgeX ETHUSDC	+0.0100%	4h	$192.9M	$659.7M	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	$7.6M	$27.3M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$20.9M	$55.3M	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	$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	$938K	$13.8M	100x	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	$150.8M	$274.0M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	$33.0M	$71.9M	50x	as long as short
Perpl ETH	+0.0112%	43m	$177K	$5.2M	8.3x	as long as short
Reya ETHRUSDPERP	+0.0147%	1h	$7.3M	$910K	25x	as long as short
Deribit ETH-PERPETUAL	+0.0176%	1h	$259.4M	$208.2M	50x	as long as short
Orderly PERP_ETH_USDCshort	+0.0215%	8h	$31.9M	$11.1M	100x
Aftermath Perps ETHUSD	+0.0215%	1h	$29K	$34K	20x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$293.0M	$164.9M	150x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	$302K	$1.2M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0262%	1h	$85.6M	$311.8M	100x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$5.8M	$13.2M	25x	as long as short
Hyperliquid ETH	+0.0334%	1h	$3.19B	$2.02B	25x	as long as short
Ondo Perps ETH-USD.P	+0.0340%	1h	$3.3M	$12.5M	25x	as long as short
dYdX ETH-USD	+0.0452%	1h	$24.3M	$21.0M	50x	as long as short
01 Exchange ETHUSD	+0.0600%	1h	$186K	$1.0M	50x	as long as short
Derive ETH-PERP	+0.0658%	1h	$42.1M	$18.9M	15x	as long as short