# ETH funding rates and arbitrage

Updated 2026-10-29 20:59 UTC · https://afterfees.xyz/coin/ETH

## Best ETH arbitrage after every cost

| Coin | Pair | Long | Short | Net · 168 h | Net APR | Max size | Status |
|---|---|---|---|---|---|---|---|
| [ETH](https://afterfees.xyz/coin/ETH) | Perp ↔ perp | [GRVT](https://afterfees.xyz/venues/grvt) ETH_USDT_Perp | [BloFin](https://afterfees.xyz/venues/blofin) ETH-USDT | +$13.27 † | +6.9% | — | Watch |
| [ETH](https://afterfees.xyz/coin/ETH) | Perp ↔ perp | [GRVT](https://afterfees.xyz/venues/grvt) ETH_USDT_Perp | [BingX](https://afterfees.xyz/venues/bingx) ETH-USDT | +$0.86 † | +0.4% | — | Watch |
| [ETH](https://afterfees.xyz/coin/ETH) | Perp ↔ perp | [GRVT](https://afterfees.xyz/venues/grvt) ETH_USDT_Perp | [OKX](https://afterfees.xyz/venues/okx) ETH-USDT-SWAP | −$0.10 † | −0.1% | — | Watch |
| [ETH](https://afterfees.xyz/coin/ETH) | Perp ↔ perp | [Bitget](https://afterfees.xyz/venues/bitget) ETHUSDT | [BloFin](https://afterfees.xyz/venues/blofin) ETH-USDT | −$1.28 † | −0.7% | — | Watch |
| [ETH](https://afterfees.xyz/coin/ETH) | Perp ↔ perp | [Paradex](https://afterfees.xyz/venues/paradex) ETH-USD-PERP | [BloFin](https://afterfees.xyz/venues/blofin) ETH-USDT | — | — | — | 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 |
|---|---|---|---|---|---|---|---|
| [BloFin](https://afterfees.xyz/venues/blofin) | ETH-USDT | 0.0169% | 8 h | +18.5% | +19.5% | $215.3M | 2026-10-30 00:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | ETHUSD-PERP | 0.0017% | 1 h | +14.8% | +8.5% | $398M | 2026-10-29 22:00 |
| [Ondo Perps](https://afterfees.xyz/venues/ondo) | ETH-USD.P | 0.0013% | 1 h | +10.9% | — | $3.2M | 2026-10-29 22:00 |
| [Velocity](https://afterfees.xyz/venues/velocity) | ETH-PERP | 0.0013% | 1 h | +10.9% | — | $7.3K | 2026-10-29 21:01 |
| [Bulk](https://afterfees.xyz/venues/bulk) | ETH-USD | 0.0013% | 1 h | +10.9% | — | $1.2M | 2026-10-29 22:00 |
| [PopDEX](https://afterfees.xyz/venues/popdex) | ETHUSDT | 0.0013% | 1 h | +10.9% | +10.8% | — | 2026-10-29 22:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | ETH_PERP | 0.0100% | 8 h | +10.9% | +7.2% | $1.1B | 2026-10-30 00:00 |
| [Backpack](https://afterfees.xyz/venues/backpack) | ETH_USDC_PERP | 0.0013% | 1 h | +10.9% | +11.0% | $11.3M | 2026-10-29 22:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | ETH-USDT | 0.0013% | 1 h | +10.9% | +10.5% | $4.7M | 2026-10-29 22:00 |
| [StandX](https://afterfees.xyz/venues/standx) | ETH-USD | 0.0013% | 1 h | +10.9% | — | $2.7M | 2026-10-29 22:00 |
| [HTX](https://afterfees.xyz/venues/htx) | ETH-USDT | 0.0100% | 8 h | +10.9% | +7.3% | $91.5M | 2026-10-30 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | ETH-PERP | 0.0100% | 8 h | +10.9% | — | $68.5M | 2026-10-30 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | ETH-USDT | 0.0094% | 8 h | +10.3% | +9.0% | $575.4M | 2026-10-30 00:00 |
| [Katana Perps](https://afterfees.xyz/venues/katana) | ETH-USD | 0.0092% | 8 h | +10.0% | +11.1% | $342.8K | 2026-10-30 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | ETH-USDT-SWAP | 0.0092% | 8 h | +10.0% | +6.9% | $1.4B | 2026-10-30 00:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | ETHUSDC | 0.0088% | 8 h | +9.6% | — | $77.7M | 2026-10-30 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | ETHUSDT | 0.0081% | 8 h | +8.9% | +6.7% | — | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | ETH_USDT | 0.0077% | 8 h | +8.4% | +6.0% | $776.6M | 2026-10-30 00:00 |
| [Bitfinex](https://afterfees.xyz/venues/bitfinex) | tETHF0:USTF0 | 0.0076% | 8 h | +8.3% | — | $28.4M | 2026-10-30 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | ETHUSDC | 0.0072% | 8 h | +7.9% | +6.0% | — | 2026-10-30 00:00 |
| [Lighter RH](https://afterfees.xyz/venues/lighterrh) | ETH | 0.0008% | 1 h | +7.0% | +6.5% | $18.9M | 2026-10-29 22:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | ETH | 0.0008% | 1 h | +7.0% | +8.2% | $69.2M | 2026-10-29 22:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | ETHUSDT | 0.0063% | 8 h | +6.9% | — | $238.5M | 2026-10-30 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | ETHUSDT | 0.0060% | 8 h | +6.6% | +6.7% | $1.7B | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | ETHUSDT | 0.0056% | 8 h | +6.1% | +8.5% | $191.5M | 2026-10-30 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | ETHUSDT | 0.0049% | 8 h | +5.4% | +6.7% | $5.3B | 2026-10-30 00:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_ETH_USDT | 0.0049% | 8 h | +5.3% | +6.7% | $2.3M | 2026-10-30 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | ETHUSDT | 0.0049% | 8 h | +5.3% | — | — | 2026-10-30 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | ETH_USDT | 0.0048% | 8 h | +5.3% | +6.7% | $2.4B | 2026-10-30 00:00 |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_ETHUSD | 0.0006% | 1 h | +4.9% | +9.5% | $70.6M | 2026-10-29 22:00 |
| [Arcus](https://afterfees.xyz/venues/arcus) | ETH-USD | 0.0004% | 1 h | +3.9% | +10.3% | $5M | 2026-10-29 22:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ETHUSDTM | 0.0032% | 8 h | +3.5% | +5.9% | $495.5M | 2026-10-30 00:00 |
| [Coinbase Derivatives](https://afterfees.xyz/venues/coinbaseus) | ETP-20DEC30-CDE | 0.0003% | 1 h | +2.6% | — | $55.9M | 2026-10-29 22:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | ETHUSDT | 0.0016% | 8 h | +1.8% | +5.1% | $1.8B | 2026-10-30 00:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | ETH-USDC | 0.0002% | 1 h | +1.6% | — | $11.7M | 2026-10-29 20:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | ETH_USDT_Perp | 0.0006% | 8 h | +0.7% | +3.2% | $131.4M | 2026-10-30 00:00 |
| [dYdX](https://afterfees.xyz/venues/dydx) | ETH-USD | 0.0000% | 1 h | 0.0% | +3.0% | $7.8M | 2026-10-29 22:00 |
| [Perpl](https://afterfees.xyz/venues/perpl) | ETH | 0.0000% | 0.7166666666666666666666666667 h | 0.0% | — | $343.4K | — |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | ETH | 0.0000% | 1 h | 0.0% | +4.3% | — | 2026-10-29 22:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | ETH-USD-PERP | -0.0006% | 8 h | −0.6% | — | $2M | 2026-10-30 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | ETH | -0.0001% | 1 h | −0.7% | +7.6% | $2.5B | 2026-10-29 22:00 |
| [Hibachi](https://afterfees.xyz/venues/hibachi) | ETH/USDT-P | -0.0001% | 1 h | −0.9% | +25.9% | $99.6K | 2026-10-29 22:00 |
| [RISEx](https://afterfees.xyz/venues/risex) | ETH/USDC | -0.0005% | 1 h | −4.8% | — | $10M | 2026-10-29 22:00 |
| [Extended](https://afterfees.xyz/venues/extended) | ETH-USD | -0.0008% | 1 h | −7.0% | +10.1% | $40.2M | 2026-10-29 22:00 |
| [Bullet](https://afterfees.xyz/venues/bullet) | ETH-USD | -0.0009% | 1 h | −7.9% | — | $457.7K | 2026-10-29 22:00 |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | ETH | -0.0014% | 1 h | −12.3% | +10.4% | $31.6M | 2026-10-29 22:00 |
| [Nado](https://afterfees.xyz/venues/nado) | ETH-PERP_USDT0 | -0.0023% | 1 h | −19.8% | — | $5.9M | 2026-10-29 22:00 |

## Borrow ETH to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 1.01% | — |
| Bitget | 1.13% | — |
| Bybit | 1.58% | — |
| Binance | 2.01% | — |
| Gate | 2.40% | $120M |

## Lock ETH funding on Pendle Boros

| Market | Maturity | Net locked | Floating, same term | Advantage |
|---|---|---|---|---|
| [Hyperliquid](https://afterfees.xyz/fixed-floating/128) | 2026-12-25 | 7.35% | 7.29% | +0.05% |
| [OKX](https://afterfees.xyz/fixed-floating/213) | 2026-11-27 | 5.77% | 1.60% | +4.17% |
| [Binance](https://afterfees.xyz/fixed-floating/210) | 2026-11-27 | 5.41% | 3.82% | +1.60% |
| [KuCoin](https://afterfees.xyz/fixed-floating/236) | 2026-12-25 | 5.29% | 3.68% | +1.60% |
| [KuCoin](https://afterfees.xyz/fixed-floating/225) | 2026-11-27 | 5.12% | 4.13% | +0.99% |
| [OKX](https://afterfees.xyz/fixed-floating/234) | 2026-12-25 | 4.79% | 1.60% | +3.19% |

## Cost to enter $10,000 of ETH

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter | ETH | 0.1 bp | order-book snapshot, 16 min old |
| Lighter RH | ETH | 1.3 bp | order-book snapshot, 9 min old |
| MEXC | ETH_USDT | 2.0 bp | order-book snapshot, 41 min old |
| Extended | ETH-USD | 2.7 bp | order-book snapshot, 5 min old |
| Nado | ETH-PERP_USDT0 | 4.3 bp | order-book snapshot, 7 min old |
| GRVT | ETH_USDT_Perp | 4.5 bp | order-book snapshot, 22 min old |
| Hyperliquid | ETH | 4.7 bp | order-book snapshot, 32 min old |
| Aster | ETHUSDT | 4.9 bp | order-book snapshot, 18 min old |
| Backpack | ETH_USDC_PERP | 5.0 bp * | order-book snapshot, 24 min old |
| Binance | ETHUSDT | 5.0 bp | live order book |
| ApeX | ETH-USDT | 5.2 bp * | order-book snapshot, 20 min old |
| Bybit | ETHUSDT | 5.5 bp | live order book |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account._

## More on ETH

- [Borrow ETH: rates on every exchange](https://afterfees.xyz/borrow/ETH)
- [ETH transfer arbitrage](https://afterfees.xyz/transfers/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 (GRVT / BloFin) would net +$13.27 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?**

BloFin at +18.5% a year (0.0169% every 8 h); the lowest is Nado at −19.8%. 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._