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ETH funding rates and arbitrage

ETH perpetuals trade on 27 contracts across 19 venues, forming 343 cross-venue arbitrage pairs. By net APR the current best pair is long Lighter against short Coinbase, netting +34.16%, with both legs settling on the same cadenceใ€‚

ETH perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
BinanceETHUSDTUSDT8h0.0085%+9.26%+6.69%$7.48B2,414.9
OKXETH-USDT-SWAPUSDT8h0.0066%+7.26%+7.71%$5.62B2,415
GateETH_USDTUSDT8h0.0034%+3.72%+4.77%$5.42B2,414.7
BinanceETHUSDCUSDC8h0.0091%+9.95%+9.17%$2.65B2,412.8
BybitETHUSDTUSDT8h0.0033%+3.61%+4.07%$2.36B2,414.5
DeribitETH_USDC-PERPETUALUSDC8h0.0072%+7.88%+5.95%$2.33B2,413.5
BitgetETHUSDTUSDT8h0.0041%+4.49%+6.24%$1.74B2,414.5
MEXCETH_USDTUSDT8h0.0085%+9.31%+6.63%$1.59B2,414.1
WhiteBITETH_PERPUSDT8h0.0100%+10.95%+10.57%$1.50B2,412.9
HyperliquidETHUSDC1h0.0009%+7.99%+5.47%$1.18B2,414.1
HTXETH-USDTUSDT8h0.0057%+6.27%+7.00%$653.5M2,415
LighterETHUSDC1h0.0000%0.00%+6.53%$641.5M2,413.8
BingXETH-USDTUSDT8h0.0087%+9.57%+9.90%$592.0M2,414.7
AsterETHUSDTUSDT8h0.0097%+10.64%+8.00%$267.6M2,415
KuCoinETHUSDTMUSDT8h0.0031%+3.39%+7.51%$211.4M2,414.2
Crypto.comETHUSD-PERPUSD4h0.0019%+4.19%+2.42%$152.7M2,414
LBankETHUSDTUSDT8h0.0085%+9.33%+6.68%$151.4M2,414
DeribitETH-PERPETUALUSD8h0.0035%+3.83%+5.95%$105.3M2,413.3
KrakenPF_ETHUSDUSD1h0.0009%+8.00%+5.97%$98.2M2,413
MEXCETH_USDCUSDC8h0.0091%+9.96%+9.13%$53.9M2,412.2
BitgetETHPERPUSDC8h0.0060%+6.57%+8.67%$35.5M2,412.2
BingXETH-USDCUSDC8h0.0088%+9.64%+9.92%$14.2M2,412.4
BybitETHPERPUSDC8h0.0012%+1.29%+5.12%$9.6M2,412.2
BitfinextETHF0:USTF0USDT8h0.0100%+10.96%+4.92%$4.1M2,415.6
AsterETHUSD1USD18h0.0021%+2.28%+4.87%$2.7M2,414.9
KuCoinETHUSDCMUSDC8h0.0100%+10.95%+10.95%$117K2,414.2
CoinbaseETH-PERPUSDC1h0.0039%+34.16%+34.16%$02,692.8

ETH cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Lighter USDCCoinbase USDC+34.16%0.0936%+27.63%1h matched$0
Bybit USDCCoinbase USDC+32.87%0.0901%+29.04%8h / 1h$0
Aster USD1Coinbase USDC+31.88%0.0874%+29.29%8h / 1h$0
KuCoin USDTCoinbase USDC+30.77%0.0843%+26.65%8h / 1h$0
Bybit USDTCoinbase USDC+30.55%0.0837%+30.10%8h / 1h$0
Gate USDTCoinbase USDC+30.44%0.0834%+29.39%8h / 1h$0
Deribit USDCoinbase USDC+30.33%0.0831%+28.22%8h / 1h$0
Crypto.com USDCoinbase USDC+29.98%0.0821%+31.75%4h / 1h$0
Bitget USDTCoinbase USDC+29.67%0.0813%+27.92%8h / 1h$0
HTX USDTCoinbase USDC+27.89%0.0764%+27.16%8h / 1h$0
Bitget USDCCoinbase USDC+27.59%0.0756%+25.49%8h / 1h$0
OKX USDTCoinbase USDC+26.91%0.0737%+26.45%8h / 1h$0

Ethereum project profile

WebsiteWhitepaperGitHubRedditX (Twitter)Discord
Key facts
Total
122.14M
Max supply
unlimited
Type
Coin
Consensus
Proof of Stake
Structure
Semi-centralized
Algorithm
Ethash
Launched
2015-07-30
Open source
Yes
Market cap rank
#2
Token IssuanceDecentralized ApplicationsSmart ContractsCryptocurrencyPremineEthashProof Of StakeLayer 1 (L1)
Contract addresses
anubis0xca326ae4fe47d07e7d20421170dadacd92ed694c
Block explorers
etherscan.ioethplorer.ioetherchain.orgblockchair.comlive.blockcypher.comenjinx.io
About

Ethereum (ETH) is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps) using blockchain technology. It facilitates peer-to-peer transactions and applications without a central authority. Source: CoinPaprika.com

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

SOL+86.5%SUI+840.0%XRP+52.8%AAVE+563.4%ARB+330.5%DOGE+37.0%ENA+64.0%HBAR+332.8%LINK+47.6%LTC+80.3%PEPE+47.0%UNI+259.5%

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