ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h +0.002%

Price spread now: Ondo Perps against Coinbase International−0.100%7-day average −0.052% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.100%, 7d avg −0.052%

Together, before fees+0.036%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Ondo Perps is 0.048% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETH-PERP-INTX	2,729.7	0.0112	pay 0.0014% / 1h	30m 51s	$49.8M	$4.31B	50x
Short	Ondo Perps ETH-USD.P	2,727	0.0100	get 0.0013% / 1h	30m 51s	$2.7M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee Ondo PerpsbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$2.52
Price spread: −0.100% → −0.052%: −$4.8
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$22.32
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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 Coinbase International live order book, 3 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.9 bp −$690	23.8 bp −$11.9K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	−0.0112%	43m	2,727	−0.102%	$288K	$5.8M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,727.9	−0.067%	$5K	$1K	50x	as long as short
ApeX Omni ETHUSDT	−0.0064%	1h	2,727.5	−0.083%	$8.6M	$31.5M	100x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,727.6	−0.078%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,728.6	−0.043%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,725.7	−0.148%	$811K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,728.9	−0.030%	$10.5M	$42.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,728.1	−0.060%	$6.6M	$687.9M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,729	−0.027%	$262.6M	$214.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,728.5	−0.045%	$32.9M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ETH-USDT	+0.0011%	8h	2,728	−0.064%	$1.05B	$1.23B	200x	as long as short
01 Exchange ETHUSD	+0.0016%	1h	2,728.2	−0.056%	$191K	$893K	50x	as long as short
BingX ETH-USDC	+0.0027%	8h	2,727.4	−0.085%	—	$18.6M	—	as long as short
Bybit ETHUSDT	+0.0031%	8h	2,727.8	−0.072%	$2.34B	$4.42B	150x	as long as short
KuCoin ETHUSDTM	+0.0071%	8h	2,727.9	−0.066%	$375.7M	$577.0M	100x	as long as short
SoDEX ETH-USD	+0.0079%	1h	2,728.1	−0.060%	$54.3M	$187.3M	40x	as long as short
Aster ETHUSDT	+0.0081%	8h	2,727.9	−0.069%	$252.1M	$848.3M	200x	as long as short
SunX ETH-USDT	+0.0086%	8h	2,727.8	−0.070%	$957K	$11.0M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0087%	8h	2,727.9	−0.067%	$1.65B	$10.91B	100x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,725.6	−0.151%	$4.9M	$167K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,728.3	−0.052%	$1.53B	$2.59B	500x	as long as short
Aftermath Perps ETHUSD	+0.0090%	1h	2,727.3	−0.088%	$30K	$20K	20x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,727.8	−0.072%	$6.32B	$16.14B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,728.2	−0.055%	$112.0M	$434.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,729.7	−0.003%	$23.4M	$103.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,728.2	−0.056%	$510K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,731.3	+0.059%	$15.3M	$7.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,727.9	−0.066%	$14.1M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,730.3	+0.021%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,728.7	−0.038%	$31.9M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.Pshort	+0.0100%	1h	2,727	−0.100%	$2.7M	$16.8M	25x
Arcus ETH-USD	+0.0100%	1h	2,728.8	−0.034%	$1.5M	$16.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,728.5	−0.046%	$3.30B	$8.98B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.1	−0.060%	$2.08B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,728.2	−0.058%	$15.1M	$41.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,727.4	−0.086%	$133.8M	$323.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,726	−0.136%	$184.9M	$681.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,727.5	−0.084%	$158.5M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,727.2	−0.093%	$21.0M	$69.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,729.2	−0.020%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,729.4	−0.012%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,728.2	−0.058%	$179K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,728.2	−0.057%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,727.3	−0.090%	$40.9M	$30.3M	15x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,728.2	−0.058%	$263.0M	$64.7M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,726.2	−0.129%	$161.6M	$349.5M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,727.5	−0.082%	$30.4M	$73.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,727.3	−0.090%	—	$30.5M	500x	as long as short
Coinbase International ETH-PERP-INTXlong	+0.0112%	1h	2,729.7	long leg	$49.8M	$4.31B	50x
RISEx ETH/USDC	+0.0115%	1h	2,728.7	−0.038%	$5.6M	$11.7M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,730.7	+0.036%	$32.2M	$11.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0191%	1h	2,727.3	−0.089%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,728.9	−0.032%	$82.4M	$312.6M	100x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	2,727.2	−0.093%	$245K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0358%	8h	2,728.3	−0.055%	$281.9M	$175.4M	150x	as long as short