ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h −0.009%

Price spread now: Deribit against Derive−0.013%7-day average −0.015% · you buy dearer than you sell

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

Long on Derive Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.013%, 7d avg −0.015%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.108%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ETH-PERP	2,779.1	0.0100	pay 0.0013% / 1h	34m 11s	$42.7M	$29.4M	15x
Short	Deribit ETH-PERPETUAL	2,778.7	0.0117	get 0.0015% / 1h	34m 11s	$258.3M	$222.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Derive. 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 DerivebpFee DeribitbpOrdersPrice spread, now −0.013%Rate

Funding earned: $3.57
Price spread: −0.013% → −0.015%: $0.2
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$9.23
Costs to cover: 0.130%
Break-even: 25.1 days

Slippage unknown: Derive: no order-book sample; Deribit: live order book, 5 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Deribit live order book, 5 min ago	0.36 bp	4.2 bp −$4	4.7 bp −$47	9.2 bp −$924	26.2 bp −$13.1K

Derive: 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	−0.0447%	43m	2,776.5	−0.093%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,775.2	−0.138%	$5.8M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,776.8	−0.082%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,777.1	−0.071%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,775.3	−0.136%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0030%	1h	2,777.3	−0.065%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,776.8	−0.083%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,779.8	+0.026%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,777.2	−0.067%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0015%	8h	2,776.8	−0.081%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0017%	8h	2,776.7	−0.086%	$270.1M	$68.6M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,777	−0.075%	$1.71B	$11.84B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,777	−0.074%	$13.0M	—	200x	as long as short
Aster ETHUSDT	+0.0035%	8h	2,776.8	−0.083%	$256.6M	$989.9M	200x	as long as short
Bullet ETH-USD	+0.0040%	1h	2,774.9	−0.149%	$180K	$1.7M	20x	as long as short
Nado ETH-PERP	+0.0057%	1h	2,777	−0.076%	$14.2M	$117.8M	50x	as long as short
Binance ETHUSDT	+0.0061%	8h	2,776.8	−0.082%	$6.44B	$17.11B	150x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,776.8	−0.082%	$1.63B	$2.65B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,775.8	−0.116%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,777.1	−0.072%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0073%	8h	2,776.9	−0.077%	$3.29B	$9.59B	200x	as long as short
SoDEX ETH-USD	+0.0089%	1h	2,776.9	−0.078%	$55.3M	$228.8M	40x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,776.3	−0.101%	$1.08B	$1.32B	200x	as long as short
Bybit ETHUSDT	+0.0094%	8h	2,777.1	−0.073%	$2.52B	$4.60B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,777.6	−0.053%	$115.0M	$498.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,778.8	−0.009%	$25.4M	$121.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,776.9	−0.078%	—	$41.5M	500x	as long as short
KuCoin ETHUSDTM	+0.0099%	8h	2,777.1	−0.072%	$426.5M	$737.9M	100x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,776.7	−0.084%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,776.1	−0.107%	$480K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,779.3	+0.008%	$3.19B	$2.37B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,777.4	−0.060%	$31.4M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,776.2	−0.103%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,777.6	−0.055%	$2.8M	$17.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,781.3	+0.081%	$166.9M	$248.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,777.7	−0.050%	$15.2M	$44.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,774.6	−0.161%	$135.3M	$322.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,776.2	−0.102%	$179.9M	$779.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.3	−0.101%	$161.5M	$91.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,777.9	−0.043%	$8.7M	$32.5M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,777.8	−0.046%	$21.4M	$57.9M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,776	−0.111%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,777.6	−0.052%	$21K	$25K	25x	as long as short
Derive ETH-PERPlong	+0.0100%	1h	2,779.1	long leg	$42.7M	$29.4M	15x
SunX ETH-USDT	+0.0100%	8h	2,776.4	−0.097%	$973K	$14.0M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,775.7	−0.122%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,776.3	−0.100%	$31.6M	$74.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,778.4	−0.026%	$60.3M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0117%	8h	2,777.4	−0.060%	$8.6M	$674.3M	4.9x	as long as short
Deribit ETH-PERPETUALshort	+0.0117%	1h	2,778.7	−0.013%	$258.3M	$222.0M	50x
Orderly PERP_ETH_USDC	+0.0137%	8h	2,779.3	+0.008%	$32.6M	$12.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,778.6	−0.016%	$279K	$1.5M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,778.4	−0.024%	$86.3M	$330.6M	100x	as long as short
BloFin ETH-USDT	+0.0181%	8h	2,777	−0.076%	$284.8M	$194.5M	150x	as long as short
Reya ETHRUSDPERP	+0.0190%	1h	2,774.5	−0.166%	$7.4M	$1.2M	25x	as long as short