Ethereum (ETH) perpetual futures
ETH perpetual contracts on 29 reviewed venues.
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Funding rates
Annualized rates across exchanges
BitgetCEX
BingXCEX
HyperliquidDEX
OrderlyDEX
Open interest
Per-exchange open interest
BinanceHyperliquid
BybitBitget
OKX
Gate.io
Crypto.com
KuCoinLong/short ratio
Account-level positioning
BinanceBybitOKXBitgetGate.io
HTXCost comparison
Fee plus slippage for a $100K trade
The live order-book read loads in your browser. Stored values are on the cost comparison tool.
What the ETH data shows
In the stored cost sweep of October 3, 2026, Lighter had the lowest measured cost for a $10,000 ETH market buy: 0.34 bps, among 41 ranked venues. At $1,000,000, Lighter kept rank 1 at 1.45 bps. The books of 8 venues could not fill that order.
Funding direction differs by venue: longs pay on BloFin, Hyperliquid, and 15 more; longs receive on Bybit, dYdX, and 5 more; the rate is zero on Deribit. The rates run from +11.23% a year on BloFin to -11.91% on HTX.
No venue holds half of the $18.29b in reported ETH open interest. Binance has the largest share, 34.2%, and Hyperliquid is next with 17.7%.
The ETH settlement periods differ: 13 venues settle every 8 hours; 5 venues settle every hour.
CoinGecko ranked ETH number 2 by market value on October 3, 2026, at $326.84b. Its price fell 0.5% in the 7 days before that date. The open interest in this read equals 5.6% of that value.
Paradex quoted ETH at $2 685 and Aevo at $2 682, a gap of 12.2 bps.
Measured ETH cost by venue and order size
- Source: public APIs of 25 venues for ETH, read at October 3, 2026, 12:07 UTC.
- Cost: stored sweep measured at October 3, 2026, 06:55 UTC, cost methodology version 9.
- Market value: CoinGecko snapshot of October 3, 2026.
Where to Trade Ethereum (ETH) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm ETH limits with the venue.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | ETH | |
| 0.010% | 0.050% | 50x | 9.0 | ETH | |
| 0.04% or 0.06% position fee | 100x | 8.5 | ETH | ||
| 0.06% position fee | 250x | 8.3 | ETH | ||
| 0.035% position fee | 1000x | 8.0 | ETH | ||
| 0.010% | 0.035% | 50x | 8.0 | ETH | |
| 0.020% | 0.050% | 100x | 8.0 | ETH | |
| 0.010% | 0.020% | 100x | 7.8 | ETH | |
| Free | 0.030% | 50x | 7.8 | ETH | |
| -0.010% | 0.017% | 1000x | 7.8 | ETH | |
| 0.050% | 0.080% | 20x | 7.5 | ETH | |
| Free | 0.040% | 200x | 7.5 | ETH | |
| 0.040% | 0.045% | 100x | 7.5 | ETH | |
| Free | 0.000% | 50x | 7.5 | ETH | |
| 0.01%, 0.02%, 0.03%, 0.05%, or 0.06% position fee | 200x | 7.5 | ETH | ||
| Free | 0.000% | 50x | 7.5 | ETH | |
| 0.03% position fee | 100x | 7.5 | ETH | ||
| 0.01% or 0.045% position fee | 100x | 7.0 | ETH | ||
| 0.045% or 0.055% position fee | 100x | 7.0 | ETH | ||
| Free | 0.025% | 100x | 7.0 | ETH | |
| -0.000% | 0.045% | 50x | 7.0 | ETH | |
| 0.04% or 0.06% position fee | 100x | 6.5 | ETH | ||
| 0.020% | 0.050% | 100x | 6.5 | ETH | |
| 0.020% | 0.050% | 50x | 6.5 | ETH | |
| 0.015% | 0.040% | 50x | 6.5 | ETH | |
| 0.010% | 0.040% | 40x | 6.5 | ETH | |
| Free | 0.045% | 30x | 6.5 | ETH | |
| 0.010% | 0.035% | 100x | 6.0 | ETH | |
| 0.020% | 0.050% | 100x | 6.0 | ETH | |
Ethereum (ETH) market overview
An ETH perpetual futures contract gives exposure to ether prices. It does not stake ETH or give the position holder Ethereum network rewards. This difference matters when you compare a contract with ETH held in a crypto wallet or a staking service.
Staking and a perpetual position
Ethereum's staking documentation explains how deposited ETH helps secure the network and earns rewards. The network can impose penalties when participants fail to follow its rules. Third-party staking services add their own software, custody, and withdrawal conditions.
An ETH contract has separate margin and funding requirements. Margin is the collateral assigned to the position. Funding payments depend on the contract's rate and payment schedule. A staking reward and an incoming funding payment therefore have different sources.
Holding staked ETH while opening a short ETH contract leaves several costs and risks. The funding rate can change sign, the contract can face liquidation, and access to staked ETH can take time. If a service issues a token for staked ETH, its market price can also differ from ETH.
ETH price data does not measure network use
The ETH open interest total covers reported open contracts from the included venues. It does not measure ETH deposited into staking, transaction fees, or the number of Ethereum users. Changes in the dollar total can reflect price changes as well as changes in positions.
The funding comparison shows available venue rates. An annualized rate extends the current rate across a year; it does not forecast the payments a position will receive.
Match the cost estimate to the position
The ETH cost comparison estimates entry costs for supported venues, order sizes, and sides. It does not include staking service fees or the cost of closing a position. A contract on another blockchain also follows that venue's collateral and settlement rules.
Frequently Asked Questions — Ethereum (ETH)
What funding data is available for ETH?
25 venues report an ETH funding rate in this read.
An annualized ETH rate extrapolates one reading and does not predict a return.
What open interest data is available for ETH?
19 venues report positive ETH open interest in this read.
The ETH total leaves out venues outside the read.
Does PerpFinder show an ETH long/short ratio?
This read has ETH account ratios from 6 venues.
A ratio counts accounts, not position value.
Can I compare measured ETH trading costs?
Yes.
The cost comparison measures one-way ETH entry cost by order size and side. Funding and closing costs are separate.
Which mapped venue has the lowest recorded ETH taker fee?
Paradex lists 0.000% and Lighter lists 0.000%, the two lowest of 21 mapped ETH maker/taker schedules.
8 ETH venues charge a position fee and are not compared.
Category: Layer 1
Explore measured ETH spread and order-book depth in our September CEX liquidity report. The report states its observation period, venue sample, and measurement limits.