Question 1

What is ETHFI on Polymarket?

Accepted Answer

ETHFI is a perpetual futures contract on Polymarket that tracks the price of ether.fi (ETHFI). It lets you go long or short on ETHFI using pUSD as collateral, with no expiry date, so you can hold your position as long as you want. Right now, ETHFI is trading at $0.56, down 8.60% in the last 24 hours.

Question 2

What leverage is available for ETHFI perpetuals?

Accepted Answer

You can trade ETHFI with up to 5x leverage on Polymarket. The default margin mode is Isolated. For example, with 5x leverage and a $1,000 position, you're controlling $5,000.00 worth of ETHFI. Higher leverage amplifies both gains and losses, and at current settings, a 5x long position would have a liquidation price around $0.49.

Question 3

How is the ETHFI price determined?

Accepted Answer

ETHFI uses two prices. The oracle price (0.55550) reflects ether.fi's real-time spot price from external data feeds. The mark price (0.55501) is Polymarket's calculated fair value used for P&L and liquidations. Right now, the spread between mark and oracle is just $0.00 (0.09%), which means the contract is tracking ETHFI's spot price very closely. A funding rate of -0.0034% is applied every funding cycle to keep these prices aligned.

Question 4

Can I short ether.fi on Polymarket?

Accepted Answer

Yes. On the ETHFI trading page, select Short at the top of the order panel, set your amount and leverage (up to 5x), and hit Trade. You'll profit when ETHFI's price drops.

Question 5

What is the trading volume and liquidity for ETHFI?

Accepted Answer

In the last 24 hours, ETHFI has done $22,921.20 in trading volume with $60,438.70 in open interest. The order book is currently showing $22,921.20 in total volume. You can view the full order book depth directly on the ETHFI page by expanding the Order book section.

Question 6

What is the funding rate for ETHFI and when does it reset?

Accepted Answer

The current funding rate for ETHFI is -0.0034%, resetting in the next funding cycle. A negative funding rate (like -0.0034%) means short positions pay long positions, and this indicates slightly more demand on the short side right now. Funding rates are dynamic and update each cycle, so check this page for the latest rate.

Question 7

What do "Mark price" and "Oracle price" mean for ETHFI?

Accepted Answer

The mark price (0.55501) is Polymarket's calculated price used to determine your unrealized P&L and liquidation thresholds, and it's what matters for your position. The oracle price (0.55550) is the external reference price pulled from real-time ether.fi spot price data. When these two are close (currently within 0.09%), it means the market is efficiently priced with minimal premium or discount.

Question 8

What other perpetual futures can I trade on Polymarket?

Accepted Answer

Beyond ETHFI, Polymarket offers perpetuals on other popular Crypto assets including BTC, ETH, and SOL. Each contract works the same way: pUSD-settled, no expiry, with leverage up to 5x.

Question 9

What margin types are available for Polymarket perpetuals?

Accepted Answer

Polymarket perpetuals supports both Cross Margin and Isolated Margin. Cross Margin shares collateral across all open positions, which can help prevent liquidation, but may put more of your balance at risk. Isolated Margin assigns collateral to each position individually, so only the funds allocated to that position are at risk of liquidation.

Question 10

What powers the advanced charts on Polymarket Perps?

Accepted Answer

Through its partnership with TradingView, Polymarket brings advanced charts, indicators, drawing tools, and multiple timeframes directly to each Perps asset page. TradingView provides charting technology for traders to review price action and prepare trades using symbols such as ETHUSD and BTCUSD charts, among others.

Largest ETHFI positions

Comments

Largest ETHFI positions

About ether.fi (ETHFI) Perps

Comments

FAQs

About ether.fi (ETHFI) Perps

FAQs

ETHFI: ether.fi Perps

Largest ETHFI positions

Comments

ETHFI: ether.fi Perps

Largest ETHFI positions

About ether.fi (ETHFI) Perps

Comments

FAQs

What is ETHFI on Polymarket?

What leverage is available for ETHFI perpetuals?

How is the ETHFI price determined?

Can I short ether.fi on Polymarket?

What is the trading volume and liquidity for ETHFI?

What is the funding rate for ETHFI and when does it reset?

What do "Mark price" and "Oracle price" mean for ETHFI?

What other perpetual futures can I trade on Polymarket?

What margin types are available for Polymarket perpetuals?

What powers the advanced charts on Polymarket Perps?

About ether.fi (ETHFI) Perps

FAQs

What is ETHFI on Polymarket?

What leverage is available for ETHFI perpetuals?

How is the ETHFI price determined?

Can I short ether.fi on Polymarket?

What is the trading volume and liquidity for ETHFI?

What is the funding rate for ETHFI and when does it reset?

What do "Mark price" and "Oracle price" mean for ETHFI?

What other perpetual futures can I trade on Polymarket?

What margin types are available for Polymarket perpetuals?

What powers the advanced charts on Polymarket Perps?