ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.80 per $10,000 · paid last 24h −0.043%

Price spread now: Phemex against Orderly−0.094%7-day average −0.083% · you buy dearer than you sell

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

Long on Orderly Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.094%, 7d avg −0.083%

Together, before fees−0.285%−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.083%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ETH_USDC	2,751.4	0.0180	pay 0.0180% / 8h	6h 02m	$32.3M	$11.0M	100x
Short	Phemex ETHUSDT	2,748.8	0.0100	get 0.0100% / 8h	6h 02m	$267.7M	$65.8M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Orderly. 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 OrderlybpFee PhemexbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$16.83
Price spread: −0.094% → −0.083%: −$1.09
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$35.92
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 6 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 Orderly no order-book sample	—	—	—	—	—
Sell Phemex live order book, 6 min ago	0.02 bp	6.0 bp −$6	8.5 bp −$85	12.7 bp −$1,267	17.0 bp −$8,483

Orderly: 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: 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	2,749	−0.090%	$311K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,749.1	−0.084%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,749.1	−0.083%	$5.7M	$11.2M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,748.1	−0.122%	$12.1M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,748.4	−0.110%	$848K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,749.4	−0.074%	$10.8M	$42.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,748.7	−0.099%	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,749.7	−0.063%	$182K	$988K	50x	as long as short
BingX ETH-USDT	+0.0041%	8h	2,747.9	−0.130%	—	$1.16B	—	as long as short
OKX ETH-USDT-SWAP	+0.0052%	8h	2,747.5	−0.142%	$1.70B	$10.71B	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ETHUSDTM	+0.0067%	8h	2,747.9	−0.129%	$369.2M	$604.6M	100x	as long as short
Aster ETHUSDT	+0.0073%	8h	2,748.2	−0.119%	$253.2M	$848.7M	200x	as long as short
ApeX Omni ETHUSDT	+0.0077%	1h	2,745.4	−0.218%	$8.7M	$31.4M	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,747.5	−0.142%	$4.9M	$167K	20x	as long as short
MEXC ETH_USDT	+0.0081%	8h	2,747.4	−0.147%	$1.59B	$2.59B	500x	as long as short
HTX ETH-USDT	+0.0081%	8h	2,748.6	−0.104%	$1.06B	$1.18B	200x	as long as short
Binance ETHUSDT	+0.0082%	8h	2,747.9	−0.130%	$6.39B	$15.97B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,750.2	−0.044%	$58.8M	$4.30B	50x	as long as short
Lighter ETH	+0.0096%	1h	2,749.2	−0.081%	$113.1M	$445.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,749.9	−0.054%	$24.8M	$108.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,748.2	−0.117%	—	$31.0M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,753.2	+0.064%	$16.2M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,748.2	−0.117%	$477K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,749.1	−0.085%	$14.0M	$108.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,749.8	−0.057%	$3.13B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,749.2	−0.081%	$31.7M	$334.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,748	−0.126%	$2.47B	$4.24B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,748.4	−0.110%	$2.7M	$16.9M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,749.5	−0.069%	$2.8M	$16.4M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,748	−0.125%	$3.40B	$8.95B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,747.6	−0.139%	$2.08B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,747.3	−0.151%	$15.0M	$41.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,746.2	−0.191%	$132.8M	$343.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,745.3	−0.224%	$181.9M	$700.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,747.1	−0.157%	$159.7M	$82.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,748.9	−0.092%	$21.3M	$69.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,749.5	−0.071%	—	$849K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,748.9	−0.092%	$10.7M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,747.7	−0.136%	$182K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,749.1	−0.086%	$21K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,750.6	−0.030%	$41.7M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,748.1	−0.122%	$964K	$12.1M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,748.7	−0.099%	$54.7M	$187.6M	40x	as long as short
Phemex ETHUSDTshort	+0.0100%	8h	2,748.8	−0.094%	$267.7M	$65.8M	150x
Bulk ETH-USD	+0.0100%	1h	2,746.2	−0.189%	$164.3M	$302.6M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,746.8	−0.169%	$30.6M	$73.1M	50x	as long as short
Aftermath Perps ETHUSD	+0.0105%	1h	2,747.5	−0.141%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0148%	8h	2,748.9	−0.092%	$7.9M	$672.5M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0168%	1h	2,750.4	−0.039%	$258.9M	$197.6M	50x	as long as short
Orderly PERP_ETH_USDClong	+0.0180%	8h	2,751.4	long leg	$32.3M	$11.0M	100x
Injective ETH/USDC PERP	+0.0209%	1h	2,748.3	−0.113%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0223%	1h	2,747.7	−0.136%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0224%	1h	2,749.9	−0.056%	$250K	$1.5M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0354%	1h	2,749.8	−0.058%	$88.2M	$314.0M	100x	as long as short