ETH: Ethereum Perps

ETH is a perpetual futures contract on Polymarket that tracks the price of Ethereum (ETH). It lets you go long or short on ETH using pUSD as collateral, with no expiry date, so you can hold your position as long as you want. Right now, ETH is trading at $2,475.3, down 3.55% in the last 24 hours.

You can trade ETH with up to 50x leverage on Polymarket. The default margin mode is Isolated. For example, with 50x leverage and a $1,000 position, you're controlling $50,000.00 worth of ETH. Higher leverage amplifies both gains and losses, and at current settings, a 50x long position would have a liquidation price around $2,449.8.

ETH uses two prices. The oracle price (2,475.3) reflects Ethereum's real-time spot price from external data feeds. The mark price (2,474.8) is Polymarket's calculated fair value used for P&L and liquidations. Right now, the spread between mark and oracle is just $0.5 (0.02%), which means the contract is tracking ETH's spot price very closely. A funding rate of 0.0013% is applied every 0:16:31 to keep these prices aligned.

Yes. On the ETH trading page, select Short at the top of the order panel, set your amount and leverage (up to 50x), and hit Trade. You'll profit when ETH's price drops.

In the last 24 hours, ETH has done $3,998,026.82 in trading volume with $10,695,917.07 in open interest. The order book is currently showing $3,998,026.82 in total volume. You can view the full order book depth directly on the ETH page by expanding the Order book section.