ETH

Alert

Funding spread now, next payment 18:27 UTC−0.0100%/8h

paid, last 24h−0.003%paid, last 3 days+0.155%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ETH	2,747.8	0.0100	pay 0.0100% / 8h	5h 13m	$145.5M	$305.5M	—
Short	Perpl ETH	2,748.9	0	get 0.0000% / 43m	8m 51s	$289K	$6.3M	8.3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee PerplbpOrdersRate

Funding earned: −$21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$34.8
Break-even: never at this rate

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

Price risk

price view

Price gap now: +0.040%
Avg gap 7d: +0.015%

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	0.47 bp	doesn't fit	0.5 bp −$5	2.0 bp −$200	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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
SoDEX ETH-USD	−0.0014%	1h	$55.5M	$162.3M	40x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0013% / S +0.0045%	1h	$11.9M	—	200x	as long as short
Bulk ETH-USD	−0.0008%	1h	$158.8M	$269.2M	25x	as long as short
Injective ETH/USDC PERP	−0.0004%	1h	$111K	$22.5M	52x	as long as short
dYdX ETH-USD	0.0000%	1h	$13.0M	$41.6M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	$180K	$1.2M	50x	as long as short
Perpl ETHshort	0.0000%	43m	$289K	$6.3M	8.3x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.3M	—	200x	as long as short
BingX ETH-USDC	+0.0013%	8h	—	$16.9M	—	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0018%	8h	$1.73B	$11.02B	100x	as long as short
Phemex ETHUSDT	+0.0022%	8h	$265.7M	$64.1M	150x	as long as short
Bullet ETH-USD	+0.0025%	1h	$191K	$1.8M	20x	as long as short
Deribit ETH-PERPETUAL	+0.0041%	1h	$257.9M	$204.1M	50x	as long as short
Aevo ETH-PERP	+0.0048%	1h	$5.0M	$654K	20x	as long as short
MEXC ETH_USDT	+0.0049%	8h	$1.58B	$2.41B	500x	as long as short
Binance ETHUSDT	+0.0050%	8h	$6.55B	$15.93B	150x	as long as short
ApeX Omni ETHUSDT	+0.0073%	1h	$8.2M	$28.0M	100x	as long as short
Phoenix ETH	+0.0073%	1h	$1.1M	$2.5M	25x	as long as short
Gate ETH_USDT	+0.0077%	8h	$3.34B	$9.00B	200x	as long as short
Bitget ETHUSDT	+0.0081%	8h	$2.11B	$2.94B	150x	as long as short
Aster ETHUSDT	+0.0082%	8h	$266.4M	$934.1M	200x	as long as short
RISEx ETH/USDC	+0.0083%	1h	$5.8M	$12.2M	25x	as long as short
Lighter ETH	+0.0096%	1h	$116.1M	$483.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.2M	$120.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$43.1M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	$14.8M	$10.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$475K	$2.4M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$17.0M	$111.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	$3.21B	$2.15B	25x	as long as short
Pacifica ETH	+0.0100%	1h	$31.0M	$250.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.51B	$4.32B	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	$16.0M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$400.6M	$696.1M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	$15.2M	$41.7M	50x	as long as short
Variational Omni ETHlong	+0.0100%	8h	$145.5M	$305.5M	—
edgeX ETHUSDC	+0.0100%	4h	$179.0M	$740.0M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$21.2M	$52.4M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$11.4M	$6.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	$42.5M	$29.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	$964K	$14.1M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.21B	200x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.0M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	$31.4M	$75.5M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0118%	8h	$32.2M	$10.7M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0136%	1h	$59.5M	$4.52B	50x	as long as short
Kalshi KXETHPERP	+0.0136%	8h	$9.7M	$613.3M	4.9x	as long as short
Aftermath Perps ETHUSD	+0.0138%	1h	$29K	$19K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0162%	1h	$84.9M	$321.7M	100x	as long as short
BloFin ETH-USDT	+0.0170%	8h	$291.4M	$175.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0213%	1h	$7.3M	$828K	25x	as long as short
Hibachi ETH/USDT-P	+0.0240%	1h	$284K	$1.4M	20x	as long as short