ETH funding rates and arbitrage
Updated 2026-11-11 22:52 UTC
Best ETH arbitrage after every cost
| Coin | Pair | Long | Short | Net · 168 h | Net APR | Max size | Status |
|---|---|---|---|---|---|---|---|
| ETH | Perp ↔ perp | GRVT ETH_USDT_Perp | Aster ETHUSDT | — | — | — | Watch |
| ETH | Perp ↔ perp | GRVT ETH_USDT_Perp | HTX ETH-USDT | — | — | — | Watch |
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
ETH funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Extended | ETH-USD | 0.0013% | 1 h | +11.4% | +10.4% | $16.1M | 2026-11-11 23:00 |
| Phoenix | ETH | 0.0013% | 1 h | +11.0% | +10.7% | — | 2026-11-11 23:00 |
| Bulk | ETH-USD | 0.0013% | 1 h | +10.9% | — | $1.1M | 2026-11-11 23:00 |
| Backpack | ETH_USDC_PERP | 0.0013% | 1 h | +10.9% | +10.5% | $11.7M | 2026-11-11 23:00 |
| Ondo Perps | ETH-USD.P | 0.0013% | 1 h | +10.9% | — | $2.3M | 2026-11-11 23:00 |
| Phemex | ETHUSDC | 0.0100% | 8 h | +10.9% | — | $95M | 2026-11-12 00:00 |
| Phemex | ETHUSDT | 0.0100% | 8 h | +10.9% | — | $219.3M | 2026-11-12 00:00 |
| Velocity | ETH-PERP | 0.0013% | 1 h | +10.9% | — | $13.9K | 2026-11-11 23:01 |
| WhiteBIT | ETH_PERP | 0.0100% | 8 h | +10.9% | +10.5% | $915.4M | 2026-11-12 00:00 |
| ApeX | ETH-USDT | 0.0013% | 1 h | +10.9% | +10.0% | $3.8M | 2026-11-11 23:00 |
| HTX | ETH-USDT | 0.0100% | 8 h | +10.9% | +9.8% | $66.9M | 2026-11-12 00:00 |
| StandX | ETH-USD | 0.0013% | 1 h | +10.9% | — | $467.1K | 2026-11-11 23:00 |
| PopDEX | ETHUSDT | 0.0013% | 1 h | +10.9% | +10.3% | — | 2026-11-11 23:00 |
| TXFlow | ETH-USDC | 0.0013% | 1 h | +10.9% | — | $7.4M | 2026-11-11 23:00 |
| Aster | ETHUSDT | 0.0100% | 8 h | +10.9% | +5.9% | $190.7M | 2026-11-12 00:00 |
| Arcus | ETH-USD | 0.0013% | 1 h | +10.9% | +10.3% | $3.5M | 2026-11-11 23:00 |
| Variational | ETH-PERP | 0.0100% | 8 h | +10.9% | +12.7% | $56.7M | 2026-11-12 00:00 |
| Katana Perps | ETH-USD | 0.0100% | 8 h | +10.9% | +11.0% | $340.8K | 2026-11-12 00:00 |
| Crypto.com | ETHUSD-PERP | 0.0011% | 1 h | +9.2% | −0.1% | $363.8M | 2026-11-11 23:00 |
| BloFin | ETH-USDT | 0.0083% | 8 h | +9.1% | +13.3% | $215.1M | 2026-11-12 00:00 |
| Lighter RH | ETH | 0.0009% | 1 h | +7.9% | +9.7% | $13.7M | 2026-11-11 23:00 |
| Coinbase Derivatives | ETP-20DEC30-CDE | 0.0009% | 1 h | +7.9% | — | $48.7M | 2026-11-11 23:00 |
| Kraken | PF_ETHUSD | 0.0008% | 1 h | +7.3% | +3.0% | $58.9M | 2026-11-11 23:00 |
| Bybit | ETHUSDT | 0.0065% | 8 h | +7.2% | +4.7% | $1.5B | 2026-11-12 00:00 |
| BingX | ETH-USDT | 0.0065% | 8 h | +7.1% | +6.5% | $315.3M | 2026-11-12 00:00 |
| WOO X | PERP_ETH_USDT | 0.0064% | 8 h | +7.0% | +4.1% | $2.2M | 2026-11-12 00:00 |
| MEXC | ETH_USDT | 0.0064% | 8 h | +7.0% | +4.1% | $1.7B | 2026-11-12 00:00 |
| LBank | ETHUSDT | 0.0064% | 8 h | +7.0% | +8.4% | — | 2026-11-12 00:00 |
| Binance | ETHUSDT | 0.0064% | 8 h | +7.0% | +4.1% | $4.7B | 2026-11-12 00:00 |
| Bitunix | ETHUSDC | 0.0060% | 8 h | +6.6% | +3.4% | — | 2026-11-12 00:00 |
| Bitunix | ETHUSDT | 0.0060% | 8 h | +6.5% | +4.6% | — | 2026-11-12 00:00 |
| Pacifica | ETH | 0.0006% | 1 h | +5.4% | +8.3% | $28.9M | 2026-11-11 23:00 |
| Paradex | ETH-USD-PERP | 0.0042% | 8 h | +4.6% | — | $5.5M | 2026-11-12 00:00 |
| Bullet | ETH-USD | 0.0005% | 1 h | +4.3% | — | $409.1K | 2026-11-11 23:00 |
| KuCoin | ETHUSDTM | 0.0037% | 8 h | +4.1% | +3.9% | $326.7M | 2026-11-12 00:00 |
| Nado | ETH-PERP_USDT0 | 0.0003% | 1 h | +3.0% | +1.7% | $5M | 2026-11-11 23:00 |
| Bitget | ETHUSDT | 0.0027% | 8 h | +3.0% | +5.1% | $1.6B | 2026-11-12 00:00 |
| Gate | ETH_USDT | 0.0021% | 8 h | +2.3% | +3.0% | $827M | 2026-11-12 00:00 |
| OKX | ETH-USDT-SWAP | 0.0015% | 8 h | +1.6% | +2.5% | $1.3B | 2026-11-12 00:00 |
| Bitfinex | tETHF0:USTF0 | 0.0000% | 8 h | 0.0% | — | $29.1M | 2026-11-12 00:00 |
| Perpl | ETH | 0.0000% | 0.7166666666666666666666666667 h | 0.0% | — | $152.7K | — |
| dYdX | ETH-USD | -0.0000% | 1 h | −0.3% | +8.9% | $7.3M | 2026-11-11 23:00 |
| Lighter | ETH | -0.0001% | 1 h | −0.9% | +8.6% | $74.5M | 2026-11-11 23:00 |
| GRVT | ETH_USDT_Perp | -0.0008% | 8 h | −0.9% | +5.1% | $120.2M | 2026-11-12 00:00 |
| Hyperliquid | ETH | -0.0002% | 1 h | −2.2% | +7.5% | $1.6B | 2026-11-11 23:00 |
| Hibachi | ETH/USDT-P | -0.0007% | 1 h | −6.1% | +19.5% | $154.3K | 2026-11-11 23:00 |
| RISEx | ETH/USDC | -0.0007% | 1 h | −6.3% | — | $10.5M | 2026-11-11 23:00 |
Borrow ETH to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 1.01% | — |
| Bitget | 1.45% | — |
| Bybit | 1.82% | — |
| Gate | 2.40% | $120M |
| Binance | 2.44% | — |
Lock ETH funding on Pendle Boros
Cost to enter $10,000 of ETH
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter | ETH | 0.0 bp | order-book snapshot, 50 min old |
| Variational | ETH-PERP | 0.7 bp | exchange size quote (RFQ) |
| Lighter RH | ETH | 0.9 bp | order-book snapshot, 34 min old |
| MEXC | ETH_USDT | 2.0 bp | order-book snapshot, 11 min old |
| Extended | ETH-USD | 2.7 bp | order-book snapshot, 38 min old |
| Nado | ETH-PERP_USDT0 | 3.5 bp | order-book snapshot, 33 min old |
| Aster | ETHUSDT | 4.3 bp | order-book snapshot, 52 min old |
| Pacifica | ETH | 4.4 bp | order-book snapshot, 44 min old |
| GRVT | ETH_USDT_Perp | 4.6 bp | order-book snapshot, 56 min old |
| Binance | ETHUSDT | 5.0 bp | live order book |
| OKX | ETH-USDT-SWAP | 5.0 bp | live order book |
| BingX | ETH-USDT | 5.1 bp | order-book snapshot, 8 min old |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on ETH
Questions
Is ETH funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no ETH pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest ETH funding rate?
Extended at +11.4% a year (0.0013% every 1 h); the lowest is RISEx at −6.3%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.