ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.032%

Price spread now: Derive against 01 Exchange−0.077%7-day average +0.034% · you buy dearer than you sell

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

Long on 01 Exchange Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.077%, 7d avg +0.034%

Together, before fees+0.193%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Derive is 0.111% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of +0.034%). If the spread goes back, that is −$11 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.107% in total) that is about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ETHUSD	2,729.5	0.0064	pay 0.0008% / 1h	58m 01s	$191K	$884K	50x
Short	Derive ETH-PERP	2,727.4	0.0100	get 0.0013% / 1h	58m 01s	$40.5M	$30.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against 01 Exchange. 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 01 ExchangebpFee DerivebpOrdersPrice spread, now −0.077%Rate

Funding earned: $7.56
Price spread: −0.077% → +0.034%: −$11.06
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$16.5
Costs to cover: 0.130%
Break-even: 22.3 days

Slippage unknown: 01 Exchange: live order book, 41 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 01 Exchange live order book, 41 min ago	0.18 bp	5.4 bp −$5	11.1 bp −$111	doesn't fit	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 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
Phemex ETHUSDT	−0.0555%	8h	2,727.7	−0.067%	$262.9M	$64.0M	150x	as long as short
Perpl ETH	−0.0447%	43m	2,728.5	−0.037%	$281K	$5.7M	8.3x	as long as short
Gate ETH_USDT	−0.0097%	8h	2,727.1	−0.087%	$3.31B	$8.17B	200x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,728.1	−0.051%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0024%	8h	2,728.1	−0.051%	$2.32B	$4.32B	150x	as long as short
Phoenix ETH	−0.0015%	1h	2,723.8	−0.209%	$808K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,728.4	−0.039%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,728.3	−0.045%	$10.5M	$41.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,728.6	−0.033%	$6.8M	$672.9M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,728.3	−0.043%	$264.4M	$217.7M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,728.6	−0.035%	$32.9M	—	200x	as long as short
BingX ETH-USDC	+0.0018%	8h	2,726.9	−0.095%	—	$18.6M	—	as long as short
SunX ETH-USDT	+0.0058%	8h	2,727.4	−0.079%	$956K	$10.7M	100x	as long as short
01 Exchange ETHUSDlong	+0.0064%	1h	2,729.5	long leg	$191K	$884K	50x
OKX ETH-USDT-SWAP	+0.0078%	8h	2,728.5	−0.038%	$1.65B	$10.74B	100x	as long as short
ApeX Omni ETHUSDT	+0.0078%	1h	2,722.1	−0.273%	$8.4M	$31.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0080%	1h	2,726.5	−0.110%	$240K	$1.4M	20x	as long as short
KuCoin ETHUSDTM	+0.0082%	8h	2,727.6	−0.070%	$382.9M	$575.7M	100x	as long as short
Aster ETHUSDT	+0.0085%	8h	2,728	−0.054%	$252.2M	$851.5M	200x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,727.1	−0.088%	$1.58B	$2.53B	500x	as long as short
Aftermath Perps ETHUSD	+0.0093%	1h	2,725	−0.164%	$30K	$20K	20x	as long as short
Binance ETHUSDT	+0.0095%	8h	2,727.8	−0.062%	$6.31B	$16.10B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,727.7	−0.065%	$112.1M	$399.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,728.9	−0.023%	$23.4M	$95.0M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,728.8	−0.026%	$4.9M	$191K	20x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,730.6	+0.042%	$15.4M	$7.4M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,727.9	−0.058%	$14.1M	$104.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,729.4	−0.004%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,728	−0.055%	$32.1M	$332.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,728.2	−0.048%	$2.7M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,729	−0.020%	$1.6M	$15.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,727.1	−0.088%	$161.7M	$337.0M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.3	−0.042%	$2.11B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,727.2	−0.085%	$15.0M	$40.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,723	−0.240%	$131.2M	$318.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,722.3	−0.262%	$185.2M	$683.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,723.8	−0.210%	$158.3M	$81.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,726.2	−0.121%	$20.9M	$70.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,729.4	−0.004%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730	+0.018%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,727.3	−0.081%	$180K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,729.2	−0.012%	$20K	$23K	25x	as long as short
Derive ETH-PERPshort	+0.0100%	1h	2,727.4	−0.077%	$40.5M	$30.0M	15x
SoDEX ETH-USD	+0.0100%	1h	2,727.5	−0.073%	$54.3M	$182.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,727.3	−0.079%	$1.05B	$1.22B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,727.7	−0.064%	$30.4M	$71.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,726.7	−0.102%	—	$30.1M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,728	−0.056%	$81.9M	$310.7M	100x	as long as short
BloFin ETH-USDT	+0.0107%	8h	2,725	−0.164%	$280.6M	$177.6M	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,728.9	−0.022%	$46.6M	$4.25B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,728.8	−0.024%	$5.6M	$11.6M	25x	as long as short
Reya ETHRUSDPERP	+0.0176%	1h	2,727.4	−0.077%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,730.7	+0.042%	$32.2M	$11.3M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,728.4	−0.040%	$117K	$18.9M	52x	as long as short