ETHFI

Alert

Funding spread now, next payment 18:00 UTC−0.0437%/8h

next payment, per $10,000−$0.55paid, last 24h−0.166%paid, last 5 days−0.662%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ETHFI	0.7245	0.0272	pay 0.0034% / 1h	17m 43s	$1.3M	$563K	5x
Short	Deribit ETHFI_USDC-PERPETUAL	0.7230	−0.0165	pay 0.0021% / 1h	17m 43s	$44K	$18K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee DeribitbpOrdersRate

Funding earned: −$91.72
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$98.72
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.208%
Avg gap 7d: —

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 Lighter live order book, 5 min ago	4.63 bp	15.4 bp −$15	95.8 bp −$958	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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.

ETHFI on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit ETHFI_USDC-PERPETUALshort	−0.0165%	1h	$44K	$18K	10x
Orderly PERP_ETHFI_USDC	−0.0132%	4h	$17K	$1K	10x	as long as short
HTX ETHFI-USDT	−0.0123%	4h	$83K	$153K	20x	as long as short
Paradex ETHFI-USD-PERP	−0.0002%	8h	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	$330	$56K	5.5x	as long as short
Bitget ETHFIUSDT	+0.0038%	4h	$6.2M	$5.5M	75x	as long as short
Variational Omni ETHFI	+0.0100%	4h	$1.1M	$785K	—	as long as short
Hyperliquid ETHFI	+0.0100%	1h	$19.7M	$7.2M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	$185K	$234K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	$25.4M	$35.0M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit ETHFIUSDT	+0.0100%	4h	$18.7M	$12.4M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	$4.8M	$11.9M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	$1.7M	$2.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	$15.4M	$3.8M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	$1.2M	$263K	50x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	—	$25.9M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	$48K	$54K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	$2K	$1.0M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	$96K	$494K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	$9K	—	3x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0270%	1h	$279K	$170K	20x	as long as short
Lighter ETHFIlong	+0.0272%	1h	$1.3M	$563K	5x
BloFin ETHFI-USDT	+0.0340%	4h	$1.3M	$292K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0464%	1h	$32K	$16K	50x	as long as short