ETH futures
Futures let traders take leveraged positions on ETH. The funding rate and the basis show which side is paying to hold them: positive values mean longs pay a premium, negative values mean shorts do. Data is from Deribit.
Perpetual contracts
A perpetual has no expiry; the funding rate keeps its price close to the index. Deribit charges no funding while the price stays within a narrow band around the index, so a rate of zero is common.
| Contract | Price | Funding, 8h | Annualised | Premium to index | Open interest | 24h volume |
|---|---|---|---|---|---|---|
| ETH-PERPETUAL | $1,934 | +0.0023% | +2.52% | −0.020% | $267.17M | $249.83M |
| ETH_USDC-PERPETUAL | $1,934 | +0.0014% | +1.53% | −0.007% | $59.03M | $2.38B |
Funding rate history
Hourly average funding rate over the last 7 days, annualised. Spikes show when leveraged longs (above zero) or shorts (below zero) were crowded.
Futures basis by expiry
The basis is how far a dated future trades above (or below) the index. Annualised, it is the yield the market pays for holding ETH exposure until that date.
Annualised basis, ETH-margined futures
| Expiry | In | Contract | Price | Basis | Annualised | Open interest | 24h volume |
|---|---|---|---|---|---|---|---|
| 14 Nov 2026 | 23h | ETH-14NOV26 | $1,934 | −0.02% | — | $1.12M | $5.33M |
| 14 Nov 2026 | 23h | ETH_USDC-14NOV26 | $1,934 | −0.02% | — | $550.3K | $486.4K |
| 15 Nov 2026 | 2d | ETH-15NOV26 | $1,934 | −0.01% | −1.92% | $824.7K | $2.38M |
| 15 Nov 2026 | 2d | ETH_USDC-15NOV26 | $1,934 | −0.01% | −1.92% | $476.8K | $490.0K |
| 16 Nov 2026 | 3d | ETH-16NOV26 | $1,934 | 0.00% | +0.19% | $706.3K | $2.00M |
| 16 Nov 2026 | 3d | ETH_USDC-16NOV26 | $1,934 | 0.00% | +0.19% | $316.1K | $856.5K |
| 17 Nov 2026 | 4d | ETH-17NOV26 | $1,935 | +0.02% | +1.95% | $0.0 | $2,550 |
| 17 Nov 2026 | 4d | ETH_USDC-17NOV26 | $1,935 | +0.02% | +1.95% | $0.0 | $0.0 |
| 20 Nov 2026 | 7d | ETH-20NOV26 | $1,936 | +0.06% | +3.31% | $4.98M | $1.64M |
| 20 Nov 2026 | 7d | ETH_USDC-20NOV26 | $1,936 | +0.06% | +3.31% | $835.3K | $236.8K |
| 27 Nov 2026 | 14d | ETH-27NOV26 | $1,937 | +0.15% | +3.85% | $26.40M | $6.97M |
| 27 Nov 2026 | 14d | ETH_USDC-27NOV26 | $1,937 | +0.15% | +3.85% | $746.4K | $549.3K |
| 4 Dec 2026 | 21d | ETH-4DEC26 | $1,938 | +0.21% | +3.72% | $213.1K | $539.8K |
| 25 Dec 2026 | 42d | ETH-25DEC26 | $1,943 | +0.46% | +4.00% | $78.92M | $2.20M |
| 25 Dec 2026 | 42d | ETH_USDC-25DEC26 | $1,943 | +0.46% | +4.00% | $1.21M | $505.1K |
| 29 Jan 2027 | 77d | ETH-29JAN27 | $1,952 | +0.91% | +4.30% | $2.92M | $4.12M |
| 26 Mar 2027 | 133d | ETH-26MAR27 | $1,965 | +1.58% | +4.33% | $30.51M | $2.32M |
| 26 Mar 2027 | 133d | ETH_USDC-26MAR27 | $1,965 | +1.58% | +4.33% | $455.8K | $127.2K |
| 25 Jun 2027 | 224d | ETH-25JUN27 | $1,990 | +2.90% | +4.72% | $17.39M | $237.8K |
| 24 Sep 2027 | 315d | ETH-24SEP27 | $2,016 | +4.24% | +4.92% | $12.50M | $1.18M |
ETH-margined USDC-margined
Futures open interest
Total open interest across all ETH futures on Deribit over the last 7 days, in US dollars. Rising open interest means new positions are being opened.
Updated 13 Nov 2026, 08:48 UTC.
This data shows where the positions are. It does not say where the price gets stuck.
That takes one more step: turning the positions into a ceiling, a balance point and a floor. Subscribers get the three numbers for every expiry.
Open the desk for $15- Ceiling
- 00,000
- Balance
- 00,000
- Floor
- 00,000
Market data collected from the public APIs of Deribit, Bybit, OKX and Binance. For information only, not financial advice.