ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0119%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h +0.010%

Price spread now: Deribit against RISEx+0.135%80s7-day average +0.022% · 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−$150.155% of the position

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.025%−$2 on $10k

Price spread, last 4 days (all we have)−0.315%−$31 · spread now +0.135%, 7d avg +0.022%

Together, before fees−0.339%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.113% dearer against RISEx than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.022%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 4 days (−0.025% in total) that is about 17 days. The two prices were read 80 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	RISEx ETH/USDC	2,721.9	0.0137	pay 0.0017% / 1h	27m 02s	$5.6M	$11.4M	25x
Short	Deribit ETH-PERPETUAL	2,725.5	0.0018	get 0.0002% / 1h	27m 02s	$265.9M	$222.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against RISEx. 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 RISExbpFee DeribitbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$25.06
Price spread: +0.135% → +0.022%: $11.27
Slippage, 4 orders: −$2.47
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.25
Costs to cover: 0.155%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Deribit: live order book, 2 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 RISEx live order book, 2 min ago	0.02 bp	3.0 bp −$3	3.5 bp −$35	295.5 bp −$29.6K	doesn't fit
Sell Deribit live order book, 2 min ago	0.09 bp	3.7 bp −$4	5.4 bp −$54	9.6 bp −$958	18.2 bp −$9,080

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
BloFin ETH-USDT	−0.0152%	8h	2,724.5	+0.096%	$281.3M	$176.4M	150x	as long as short
HTX ETH-USDT	−0.0140%	8h	2,724.3	+0.091%	$1.05B	$1.20B	200x	as long as short
Perpl ETH	−0.0112%	43m	2,724.7	+0.104%	$275K	$5.7M	8.3x	as long as short
SunX ETH-USDT	−0.0109%	8h	2,724	+0.080%	$939K	$10.6M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,724	+0.078%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0067%	8h	2,725.6	+0.137%	$2.31B	$4.26B	150x	as long as short
ApeX Omni ETHUSDT	−0.0013%	1h	2,724.3	+0.091%	$8.3M	$31.3M	100x	as long as short
Phoenix ETH	−0.0012%	1h	2,724.4	+0.093%	$806K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,724.8	+0.109%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,724.2	+0.086%	$10.5M	$41.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXETHPERP	0.0000%	8h	2,724.6	+0.100%	$6.6M	$669.1M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,721.7	−0.008%	$32.8M	—	200x	as long as short
Deribit ETH-PERPETUALshort	+0.0018%	1h	2,725.5	+0.135%	$265.9M	$222.0M	50x
01 Exchange ETHUSD	+0.0032%	1h	2,724.5	+0.097%	$195K	$885K	50x	as long as short
Hibachi ETH/USDT-P	+0.0032%	1h	2,722	+0.005%	$236K	$1.4M	20x	as long as short
Gate ETH_USDT	+0.0034%	8h	2,724.6	+0.100%	$3.27B	$8.29B	200x	as long as short
SoDEX ETH-USD	+0.0042%	1h	2,724.5	+0.097%	$54.3M	$182.4M	40x	as long as short
Aster ETHUSDT	+0.0065%	8h	2,725.3	+0.126%	$252.2M	$841.1M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0076%	8h	2,725.3	+0.127%	$1.65B	$10.53B	100x	as long as short
Binance ETHUSDT	+0.0076%	8h	2,725.6	+0.136%	$6.30B	$15.98B	150x	as long as short
MEXC ETH_USDT	+0.0077%	8h	2,724.6	+0.099%	$1.59B	$2.57B	500x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,724.9	+0.112%	$4.9M	$195K	20x	as long as short
KuCoin ETHUSDTM	+0.0083%	8h	2,725.8	+0.145%	$382.3M	$563.1M	100x	as long as short
Bullet ETH-USD	+0.0084%	1h	2,724.7	+0.104%	$176K	$1.7M	20x	as long as short
Phemex ETHUSDT	+0.0085%	8h	2,724.9	+0.109%	$262.5M	$63.1M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,725	+0.115%	$112.4M	$402.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,726.3	+0.162%	$23.6M	$96.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,724.6	+0.100%	—	$30.4M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,724	+0.078%	$497K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,727.4	+0.203%	$15.3M	$7.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,723.8	+0.073%	$14.3M	$100.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,726.4	+0.166%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,724.9	+0.113%	$31.9M	$331.2M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,723.7	+0.067%	$2.7M	$16.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,724.7	+0.104%	$1.6M	$15.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,720.7	−0.044%	$164.6M	$337.2M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,725.4	+0.129%	$2.11B	$2.70B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,723.7	+0.067%	—	$18.7M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,724.4	+0.092%	$15.1M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.1	+0.081%	$131.7M	$315.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,724.3	+0.090%	$185.3M	$683.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,724.3	+0.087%	$158.4M	$80.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,721.7	−0.006%	$20.9M	$71.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,725.6	+0.136%	—	$436K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,723	+0.042%	$11.2M	$9.3M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,724.3	+0.090%	$40.5M	$29.1M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,724.3	+0.088%	$30.2M	$70.7M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,725.1	+0.119%	$81.8M	$308.0M	100x	as long as short
Aftermath Perps ETHUSD	+0.0109%	1h	2,726.3	+0.163%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,725.7	+0.140%	$45.7M	$4.20B	50x	as long as short
RISEx ETH/USDClong	+0.0137%	1h	2,721.9	long leg	$5.6M	$11.4M	25x
Reya ETHRUSDPERP	+0.0171%	1h	2,723.1	+0.045%	$7.3M	$961K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0182%	8h	2,726.4	+0.167%	$32.1M	$10.9M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,727.8	+0.218%	$117K	$21.6M	52x	as long as short
Bluefin ETH-PERP	+0.1380%	1h	2,724.6	+0.102%	$20K	$23K	25x	as long as short