ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0109%/8h= −11.9% APRnext payment −$0.14 per $10,000 · paid last 24h +0.008%

Price spread now: RISEx against Bullet+0.028%48s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.165% of the position

Long on Bullet Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.028%, 7d avg −0.006%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.034% dearer against Bullet than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.006%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. Mind the row above: over the last 3 days funding on this pair paid +0.057%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ETH-USD	2,776.8	0.0024	pay 0.0003% / 1h	3m 46s	$182K	$1.7M	20x
Short	RISEx ETH/USDC	2,777.6	−0.0085	pay 0.0011% / 1h	3m 46s	$5.7M	$11.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bullet. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BulletbpFee RISExbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$22.87
Price spread: +0.028% → −0.006%: $3.38
Slippage, 4 orders: −$2.52
Fee Bullet: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$36.01
Costs to cover: 0.165%
Break-even: never at this rate

Slippage from Bullet: live order book, just now; RISEx: live order book, 5 min ago.

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 Bullet live order book, just now	0.18 bp	5.5 bp −$5	9.0 bp −$90	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	0.02 bp	3.2 bp −$3	4.4 bp −$44	doesn't fit	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,775.9	−0.031%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDCshort	−0.0085%	1h	2,777.6	+0.028%	$5.7M	$11.9M	25x
Hotstuff ETH-PERP	−0.0080%	1h	2,777.3	+0.018%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,771.7	−0.184%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,777.1	+0.011%	$169K	$1.2M	50x	as long as short
dYdX ETH-USD	0.0000%	1h	2,778.6	+0.064%	$12.7M	$45.7M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,775.6	−0.043%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,777.9	+0.039%	$22.4M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0009%	1h	2,774.7	−0.077%	$29K	$22K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0017%	8h	2,777.9	+0.040%	$1.71B	$11.87B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0022%	8h	2,777.3	+0.016%	$270.5M	$68.8M	150x	as long as short
Bullet ETH-USDlong	+0.0024%	1h	2,776.8	long leg	$182K	$1.7M	20x
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,777.8	+0.036%	$12.9M	—	200x	as long as short
Aster ETHUSDT	+0.0032%	8h	2,777.7	+0.031%	$256.0M	$995.0M	200x	as long as short
ApeX Omni ETHUSDT	+0.0047%	1h	2,770.8	−0.216%	$8.7M	$32.6M	100x	as long as short
Nado ETH-PERP	+0.0056%	1h	2,776.7	−0.002%	$14.2M	$118.1M	50x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,774.4	−0.088%	$5.0M	$636K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0056%	1h	2,778.8	+0.072%	$258.7M	$222.6M	50x	as long as short
MEXC ETH_USDT	+0.0059%	8h	2,777.8	+0.036%	$1.60B	$2.68B	500x	as long as short
Binance ETHUSDT	+0.0060%	8h	2,777.8	+0.036%	$6.44B	$17.23B	150x	as long as short
SoDEX ETH-USD	+0.0062%	1h	2,777	+0.007%	$55.3M	$229.0M	40x	as long as short
Bitget ETHUSDT	+0.0066%	8h	2,777.8	+0.036%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0073%	8h	2,777.9	+0.040%	$3.30B	$9.68B	200x	as long as short
HTX ETH-USDT	+0.0088%	8h	2,776.5	−0.010%	$1.08B	$1.32B	200x	as long as short
Bybit ETHUSDT	+0.0092%	8h	2,778.1	+0.048%	$2.52B	$4.62B	150x	as long as short
BingX ETH-USDT	+0.0092%	8h	2,778	+0.044%	—	$1.20B	—	as long as short
KuCoin ETHUSDTM	+0.0095%	8h	2,777.4	+0.022%	$422.2M	$739.3M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,778.3	+0.053%	$115.3M	$503.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,779.4	+0.092%	$25.5M	$122.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,777.7	+0.031%	—	$41.6M	500x	as long as short
Vest ETH-PERP	+0.0099%	1h	2,776.9	+0.005%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,778	+0.043%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,777.4	+0.022%	$477K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,780.2	+0.123%	$3.19B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,778.1	+0.048%	$31.2M	$303.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,777.2	+0.014%	$2.8M	$17.1M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,779.2	+0.087%	$2.7M	$17.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.8	−0.215%	$166.1M	$253.0M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,777.5	+0.025%	$15.1M	$44.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,773.7	−0.111%	$147.3M	$337.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.4	−0.232%	$181.4M	$780.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,773.3	−0.125%	$161.3M	$91.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,775.3	−0.054%	$21.4M	$58.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,778.2	+0.050%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,777.1	+0.011%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,779.5	+0.096%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,776	−0.028%	$974K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,777.4	+0.022%	$32.6M	$77.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,778.5	+0.062%	$59.9M	$4.61B	50x	as long as short
Kalshi KXETHPERP	+0.0126%	8h	2,777.4	+0.022%	$8.4M	$681.5M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,779.4	+0.093%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,778.4	+0.058%	$86.4M	$332.4M	100x	as long as short
BloFin ETH-USDT	+0.0179%	8h	2,775.4	−0.049%	$285.1M	$194.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0195%	1h	2,776.7	−0.005%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,776.6	−0.008%	$270K	$1.5M	20x	as long as short