ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.024%

Price spread now: Derive against RISEx+0.053%7-day average +0.038% · you sell dearer than you buy

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

Long on RISEx Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.053%, 7d avg +0.038%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,730.7	0.0115	pay 0.0014% / 1h	56m 29s	$5.6M	$11.8M	25x
Short	Derive ETH-PERP	2,732.2	0.0100	get 0.0013% / 1h	56m 29s	$40.9M	$30.2M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.053%Rate

Funding earned: −$3.16
Price spread: +0.053% → +0.038%: $1.44
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Derive: 3 bp × 2 orders: −$6
Net: −$13.72
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 3 min ago; Derive: 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 RISEx live order book, 3 min ago	0.02 bp	3.2 bp −$3	3.8 bp −$38	289.2 bp −$28.9K	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

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	−0.0112%	43m	2,730.6	−0.004%	$291K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,733.9	+0.116%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,733.8	+0.112%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731.2	+0.016%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,736	+0.193%	$817K	$2.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,731.4	+0.025%	$10.5M	$42.9M	50x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,731	+0.008%	$260.2M	$211.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,731.2	+0.017%	$32.9M	—	200x	as long as short
HTX ETH-USDT	+0.0009%	8h	2,730.2	−0.020%	$1.05B	$1.22B	200x	as long as short
BingX ETH-USDT	+0.0034%	8h	2,730.1	−0.023%	—	$1.12B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0042%	8h	2,729.5	−0.044%	$2.35B	$4.42B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,730.5	−0.008%	$190K	$891K	50x	as long as short
KuCoin ETHUSDTM	+0.0079%	8h	2,729.6	−0.040%	$374.8M	$576.5M	100x	as long as short
Aftermath Perps ETHUSD	+0.0084%	1h	2,734.4	+0.135%	$30K	$20K	20x	as long as short
SoDEX ETH-USD	+0.0091%	1h	2,730.3	−0.016%	$54.4M	$187.5M	40x	as long as short
SunX ETH-USDT	+0.0091%	8h	2,730.6	−0.005%	$956K	$11.1M	100x	as long as short
Aster ETHUSDT	+0.0093%	8h	2,729.8	−0.034%	$252.6M	$848.4M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0095%	8h	2,729.6	−0.042%	$1.66B	$10.93B	100x	as long as short
Lighter ETH	+0.0096%	1h	2,730.4	−0.012%	$112.2M	$430.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,731.7	+0.035%	$23.5M	$102.6M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,728.1	−0.097%	$4.9M	$150K	20x	as long as short
ApeX Omni ETHUSDT	+0.0098%	1h	2,734.5	+0.138%	$8.7M	$31.5M	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,730	−0.027%	$508K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,735.6	+0.180%	$15.3M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,729.9	−0.029%	$14.1M	$105.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,732.4	+0.061%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.9	+0.006%	$32.0M	$334.2M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	2,729.9	−0.031%	$6.33B	$16.16B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,730.5	−0.008%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,731	+0.008%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,735	+0.156%	$163.2M	$327.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,730.2	−0.021%	$3.28B	$8.91B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,729.9	−0.030%	$1.52B	$2.57B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,730.1	−0.022%	$2.08B	$2.79B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,730.4	−0.013%	$15.1M	$42.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,734	+0.119%	$134.8M	$325.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731.9	+0.043%	$185.3M	$680.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,735.4	+0.171%	$159.1M	$87.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,734	+0.120%	$21.0M	$70.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,731.8	+0.038%	—	$879K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,731.3	+0.021%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,730.9	+0.006%	$182K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,731.4	+0.025%	$22K	$21K	25x	as long as short
Derive ETH-PERPshort	+0.0100%	1h	2,732.2	+0.053%	$40.9M	$30.2M	15x
Phemex ETHUSDT	+0.0100%	8h	2,730.8	+0.003%	$263.3M	$65.1M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,729.3	−0.053%	$30.3M	$74.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,732.7	+0.073%	—	$30.6M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,731.4	+0.025%	$50.3M	$4.32B	50x	as long as short
Kalshi KXETHPERP	+0.0115%	8h	2,731.6	+0.032%	$6.8M	$692.4M	4.9x	as long as short
RISEx ETH/USDClong	+0.0115%	1h	2,730.7	long leg	$5.6M	$11.8M	25x
Orderly PERP_ETH_USDC	+0.0187%	8h	2,732.9	+0.080%	$32.2M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0195%	1h	2,729.3	−0.052%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,730.7	−0.001%	$83.4M	$311.4M	100x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,732.3	+0.056%	$248K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0400%	8h	2,731.3	+0.019%	$281.7M	$175.2M	150x	as long as short