Ethereal
dexMaker 0 bps · Taker 3 bps
Markets
| Asset | Mark Price ↕ | Funding APR ↕ | Interval ↕ | Open Interest ↓ | 24h Volume ↕ |
|---|---|---|---|---|---|
 BTC | $63,466.6838 | +8.70% | 1h | $22.7M | $2.7M |
 ETH | $1,774.7494 | +10.00% | 1h | $13.5M | $1.0M |
 ENA | $0.0768 | +23.05% | 1h | $1.2M | $207K |
 HYPE | $69.229 | +13.66% | 1h | $1.2M | $539K |
 SOL | $80.1856 | +5.08% | 1h | $804K | $357K |
 AAVE | $89.7277 | +3.65% | 1h | $475K | $58K |
 ZEC | $485.6844 | +10.00% | 1h | $386K | $131K |
 SUI | $0.7315 | -48.91% | 1h | $365K | $92K |
 XRP | $1.1124 | +8.64% | 1h | $349K | $25K |
 LIT | $2.4687 | +7.93% | 1h | $276K | $19K |
 XMR | $335.8111 | +10.00% | 1h | $272K | $16K |
 TON | $1.611 | +10.00% | 1h | $152K | $75K |
 PUMP | $0.0016 | +10.00% | 1h | $152K | $12K |
 MON | $0.0245 | +8.94% | 1h | $127K | $19K |
 FARTCOIN | $0.1538 | +10.00% | 1h | $56K | $13K |
 DOGE | $0.0742 | +10.00% | 1h | $37K | $12K |
 TAO | $212.1169 | +10.00% | 1h | $20K | $15K |
| BEBERA | $0.2035 | +10.00% | 1h | $14K | $11K |
Click an asset to view market overview · Funding rates update every 60s
About Ethereal funding & fees
Ethereal is a decentralized perpetual exchange (perp DEX) tracked live on ORBIT, listing 18 perpetual markets, $42.2M total open interest, $5.3M in 24h volume. Average funding across its markets is +6.71% annualized. ORBIT compares Ethereal's funding rates against 35 other venues so you can spot where it diverges from the rest of the market.
Ethereal charges 3 bps taker and 0 bps maker fees on perpetuals. Execution cost matters for funding arbitrage — ORBIT's backtester subtracts both legs' taker fees plus live order-book slippage, so the PnL it shows is net of what you actually pay.
Ethereal currently runs an active points program with no token live yet — every trade accrues points toward a future airdrop. That makes it a prime venue for the long leg of a delta-neutral funding trade: you farm points on the position you are holding anyway. Estimate what those points could be worth with the [Points Calculator](/tools/points-calculator).
To run funding arbitrage with Ethereal, find an asset whose funding here diverges from another venue on the [Funding Screener](/screener), then verify the pair in the [backtester](/pair/BTC). Its most active markets right now include BTC (+8.70%), ETH (+10.00%), ENA (+23.05%).
Frequently asked questions
- What are Ethereal trading fees?
- Ethereal charges 3 bps taker and 0 bps maker on perpetual futures. Round-trip cost on both legs is what a funding-arbitrage trade has to overcome before it profits.
- Is Ethereal a CEX or DEX?
- Ethereal is a decentralized perpetual exchange (perp DEX). You trade non-custodially from your own wallet.
- Does Ethereal have an airdrop or points program?
- Yes — Ethereal is actively distributing points with no token live yet. Trading volume accrues points that may convert to a future airdrop. Stack them on a funding-arbitrage long leg and value them with the ORBIT Points Calculator.
- How do I arbitrage funding rates on Ethereal?