ETH funding rates and arbitrage
Updated 2026-10-29 17:34 UTC
Best ETH arbitrage after every cost
| Coin | Pair | Long | Short | Net · 168 h | Net APR | Max size | Status |
|---|---|---|---|---|---|---|---|
| ETH | Spot ↔ perp | OKX ETH-USDT (spot) | BloFin ETH-USDT | +$14.06 † | +7.3% | — | Watch |
| ETH | Perp ↔ perp | GRVT ETH_USDT_Perp | BloFin ETH-USDT | +$4.07 † | +2.1% | — | Watch |
| ETH | Perp ↔ perp | Binance ETHUSDT | BloFin ETH-USDT | +$3.07 † | +1.6% | — | Watch |
| ETH | Perp ↔ perp | OKX ETH-USDT-SWAP | BloFin ETH-USDT | +$3.07 † | +1.6% | — | Watch |
| ETH | Perp ↔ perp | BingX ETH-USDT | BloFin ETH-USDT | +$3.07 † | +1.6% | — | Watch |
| ETH | Perp ↔ perp | Bybit ETHUSDT | BloFin ETH-USDT | +$2.07 † | +1.1% | — | Watch |
| ETH | Perp ↔ perp | HTX ETH-USDT | BloFin ETH-USDT | +$1.24 † | +0.6% | — | Watch |
| ETH | Perp ↔ perp | Gate ETH_USDT | BloFin ETH-USDT | −$0.88 † | −0.5% | — | Watch |
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry. † slippage estimated from the top of the book (no live order book for this pair); ‡ before slippage (no order book at all).
ETH funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Perpl | ETH | 0.0040% | 0.7166666666666666666666666667 h | +48.9% | — | $364.9K | — |
| Hibachi | ETH/USDT-P | 0.0029% | 1 h | +25.4% | +25.2% | $108K | 2026-10-29 18:00 |
| BloFin | ETH-USDT | 0.0220% | 8 h | +24.1% | +19.9% | $231.8M | 2026-10-30 00:00 |
| RISEx | ETH/USDC | 0.0020% | 1 h | +17.6% | — | $10.4M | 2026-10-29 18:00 |
| Phoenix | ETH | 0.0015% | 1 h | +13.0% | +4.2% | — | 2026-10-29 18:00 |
| Extended | ETH-USD | 0.0013% | 1 h | +11.4% | +10.2% | $37.6M | 2026-10-29 18:00 |
| Ondo Perps | ETH-USD.P | 0.0013% | 1 h | +10.9% | — | $3.1M | 2026-10-29 18:00 |
| Velocity | ETH-PERP | 0.0013% | 1 h | +10.9% | — | $7.5K | 2026-10-29 18:01 |
| Phemex | ETHUSDC | 0.0100% | 8 h | +10.9% | — | $80.8M | 2026-10-30 00:00 |
| Arcus | ETH-USD | 0.0013% | 1 h | +10.9% | +10.3% | $5.1M | 2026-10-29 18:00 |
| Nado | ETH-PERP_USDT0 | 0.0013% | 1 h | +10.9% | — | $5.9M | 2026-10-29 18:00 |
| Bulk | ETH-USD | 0.0013% | 1 h | +10.9% | — | $1.3M | 2026-10-29 18:00 |
| PopDEX | ETHUSDT | 0.0013% | 1 h | +10.9% | +10.9% | — | 2026-10-29 18:00 |
| Bitunix | ETHUSDT | 0.0100% | 8 h | +10.9% | +6.8% | — | 2026-10-30 00:00 |
| Bitunix | ETHUSDC | 0.0100% | 8 h | +10.9% | +6.2% | — | 2026-10-30 00:00 |
| MEXC | ETH_USDT | 0.0100% | 8 h | +10.9% | +6.8% | $2.5B | 2026-10-30 00:00 |
| WhiteBIT | ETH_PERP | 0.0100% | 8 h | +10.9% | +7.3% | $1.1B | 2026-10-30 00:00 |
| Backpack | ETH_USDC_PERP | 0.0013% | 1 h | +10.9% | +11.0% | $12.9M | 2026-10-29 18:00 |
| Pacifica | ETH | 0.0013% | 1 h | +10.9% | +10.5% | $33.1M | 2026-10-29 18:00 |
| ApeX | ETH-USDT | 0.0013% | 1 h | +10.9% | +10.6% | $5.2M | 2026-10-29 18:00 |
| StandX | ETH-USD | 0.0013% | 1 h | +10.9% | — | $2.9M | 2026-10-29 18:00 |
| OKX | ETH-USDT-SWAP | 0.0100% | 8 h | +10.9% | +7.0% | $1.5B | 2026-10-30 00:00 |
| WOO X | PERP_ETH_USDT | 0.0100% | 8 h | +10.9% | +6.9% | $3M | 2026-10-30 00:00 |
| LBank | ETHUSDT | 0.0100% | 8 h | +10.9% | — | — | 2026-10-30 00:00 |
| HTX | ETH-USDT | 0.0100% | 8 h | +10.9% | +7.5% | $88.6M | 2026-10-30 00:00 |
| BingX | ETH-USDT | 0.0100% | 8 h | +10.9% | +9.2% | $551.3M | 2026-10-30 00:00 |
| Bybit | ETHUSDT | 0.0100% | 8 h | +10.9% | +5.2% | $1.9B | 2026-10-30 00:00 |
| GRVT | ETH_USDT_Perp | 0.0100% | 8 h | +10.9% | +3.3% | $136.6M | 2026-10-30 00:00 |
| Aster | ETHUSDT | 0.0100% | 8 h | +10.9% | +8.7% | $202.2M | 2026-10-30 00:00 |
| Variational | ETH-PERP | 0.0100% | 8 h | +10.9% | — | $74.8M | 2026-10-30 00:00 |
| TXFlow | ETH-USDC | 0.0013% | 1 h | +10.9% | — | $12.3M | 2026-10-29 17:00 |
| Binance | ETHUSDT | 0.0100% | 8 h | +10.9% | +6.9% | $5.6B | 2026-10-30 00:00 |
| Hyperliquid | ETH | 0.0013% | 1 h | +10.9% | +7.6% | $2.6B | 2026-10-29 18:00 |
| Katana Perps | ETH-USD | 0.0100% | 8 h | +10.9% | +11.4% | $367.8K | 2026-10-30 00:00 |
| Gate | ETH_USDT | 0.0099% | 8 h | +10.8% | +6.2% | $854.6M | 2026-10-30 00:00 |
| Paradex | ETH-USD-PERP | 0.0098% | 8 h | +10.7% | — | $2M | 2026-10-30 00:00 |
| Lighter RH | ETH | 0.0012% | 1 h | +10.5% | +6.3% | $20M | 2026-10-29 18:00 |
| Lighter | ETH | 0.0012% | 1 h | +10.5% | +8.2% | $73.5M | 2026-10-29 18:00 |
| KuCoin | ETHUSDTM | 0.0078% | 8 h | +8.5% | +6.0% | $485.4M | 2026-10-30 00:00 |
| Bitfinex | tETHF0:USTF0 | 0.0076% | 8 h | +8.3% | — | $28.4M | 2026-10-30 00:00 |
| Coinbase Derivatives | ETP-20DEC30-CDE | 0.0008% | 1 h | +7.0% | — | $58.2M | 2026-10-29 18:00 |
| Phemex | ETHUSDT | 0.0061% | 8 h | +6.7% | — | $245.5M | 2026-10-30 00:00 |
| Bitget | ETHUSDT | 0.0039% | 8 h | +4.3% | +6.9% | $1.9B | 2026-10-30 00:00 |
| Crypto.com | ETHUSD-PERP | 0.0005% | 1 h | +4.3% | +8.6% | $413.8M | 2026-10-29 18:00 |
| Bullet | ETH-USD | 0.0003% | 1 h | +2.6% | — | $383.1K | 2026-10-29 18:00 |
| Kraken | PF_ETHUSD | 0.0001% | 1 h | +0.7% | +9.6% | $74.8M | 2026-10-29 18:00 |
| dYdX | ETH-USD | 0.0000% | 1 h | 0.0% | +2.8% | $8.8M | 2026-10-29 18:00 |
Borrow ETH to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 1.01% | — |
| Bitget | 1.14% | — |
| Bybit | 1.59% | — |
| Binance | 2.02% | — |
| Gate | 2.40% | $120M |
Lock ETH funding on Pendle Boros
| Market | Maturity | Net locked | Floating, same term | Advantage |
|---|---|---|---|---|
| Hyperliquid | 2026-11-27 | 8.05% | 8.01% | +0.03% |
| Hyperliquid | 2026-12-25 | 7.36% | 7.29% | +0.07% |
| OKX | 2026-11-27 | 5.77% | 1.60% | +4.17% |
| Binance | 2026-11-27 | 5.41% | 3.82% | +1.60% |
| KuCoin | 2026-12-25 | 5.29% | 3.68% | +1.61% |
| KuCoin | 2026-11-27 | 5.15% | 4.13% | +1.01% |
Cost to enter $10,000 of ETH
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter | ETH | 0.3 bp | order-book snapshot, 49 min old |
| Lighter RH | ETH | 0.7 bp | order-book snapshot, 42 min old |
| MEXC | ETH_USDT | 1.0 bp | order-book snapshot, 14 min old |
| Extended | ETH-USD | 2.7 bp | order-book snapshot, 39 min old |
| Nado | ETH-PERP_USDT0 | 3.5 bp | order-book snapshot, 41 min old |
| Aster | ETHUSDT | 4.0 bp | order-book snapshot, 52 min old |
| GRVT | ETH_USDT_Perp | 4.5 bp | order-book snapshot, 56 min old |
| Hyperliquid | ETH | 4.7 bp | order-book snapshot, 6 min old |
| OKX | ETH-USDT-SWAP | 5.0 bp | live order book |
| Binance | ETHUSDT | 5.0 bp | live order book |
| BingX | ETH-USDT | 5.0 bp | order-book snapshot, 10 min old |
| Kraken | PF_ETHUSD | 5.2 bp | order-book snapshot, 2 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 right now. At $10,000 per side for 7 days the best ETH pair (OKX / BloFin) would net +$14.06 after taker fees, order-book slippage and carry, but it is on watch rather than actionable; the live page shows what holds it back.
Which exchange has the highest ETH funding rate?
Perpl at +48.9% a year (0.0040% every 0.7166666666666666666666666667 h); the lowest is dYdX at 0.0%. 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.