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Ethereum price
The largest smart-contract platform, and the second-largest perpetual market by open interest.
Spot, the perpetual mark, the basis and funding update every minute. The 24-hour figures and open interest come from the snapshot taken ; the candles are Coinbase Exchange's closed bars, refreshed every two hours.
Period high $3,405.03, low $1,505.00, over 220 daily bars. No funding band here — funding is a property of the perpetual, not of spot, and it has its own chart.
Spot against the perpetual
The one number a price page usually leaves out. The perpetual has no expiry, so nothing forces it back to spot except the funding payment — the gap and the rate are the same mechanism seen from two sides.
What leverage costs, per venue
Each venue settles funding on its own interval, so the quoted numbers are not comparable to each other. The weekly column is, because it is the same $10,000 position on all three.
| Venue | Interval | Annualised | $10,000 long, per week | Direction |
|---|---|---|---|---|
| Hyperliquid | 1h | 9.95% | $19.07 | longs pay |
| Binance | 8h | 5.39% | $10.34 | longs pay |
| Bybit | 8h | 6.10% | $11.69 | longs pay |
Where the numbers come from
The price, the 24-hour figures and the candles are Coinbase Exchange spot — a real USD order book with a real bid and ask. This site does not show a Hyperliquid spot price for Ethereum because there is no such market: Hyperliquid's spot book is HIP-1 tokens and bridged wrappers, and a price taken from it would not be Ethereum's.
The mark, the funding and the open interest are Hyperliquid, the same snapshot the rest of the site reads. Nothing here averages the two together. Full detail on both is on data sources.
ETH funding across three venues → · Where ETH leverage breaks → · What the rules did to past positions →