ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.56 per $10,000 · paid last 24h +0.004%

Price spread now: Paradex against Binance−0.023%7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1561.562% of the position

Long on Binance Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 7 days+0.142%+$14 · spread now −0.023%, 7d avg +0.054%

Together, before fees+0.162%+ Points / potential airdropParadex: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paradex is 0.076% cheaper against Binance than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.054%). If the spread goes back, that is −$8 on $10k: about 4.5 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.020% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ETHUSDT	2,769.7	0.0044	pay 0.0044% / 8h	2h 49m	$6.44B	$17.26B	150x
Short	Paradex ETH-USD-PERP	2,769.1	0.0100	get 0.0100% / 8h	2h 49m	$15.9M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee ParadexbpOrdersPrice spread, now −0.023%Rate

Funding earned: $11.78
Price spread: −0.023% → +0.054%: −$7.63
Slippage, 4 orders: −$142.16
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$152
Costs to cover: 1.562%
Break-even: 97.3 days

Slippage from Binance: live order book, 10 min ago; Paradex: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 10 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	5.7 bp −$571	8.0 bp −$4,018
Sell Paradex live order book, 5 min ago	56.88 bp	62.1 bp −$62	77.1 bp −$771	doesn't fit	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,769.8	+0.005%	$289K	$6.9M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0178%	1h	2,769.3	−0.015%	$10.5M	$31.0M	100x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,770.7	+0.036%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769.9	+0.008%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0072%	1h	2,769.7	0.000%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,776.7	+0.253%	$797K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,769.8	+0.004%	$5.8M	$12.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,769.4	−0.010%	$12.9M	$45.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,770.6	+0.033%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0021%	8h	2,769.8	+0.003%	$266.5M	$65.9M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0022%	8h	2,769.5	−0.007%	$1.70B	$11.89B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,770.5	+0.029%	$13.0M	—	200x	as long as short
Aevo ETH-PERP	+0.0040%	1h	2,767.6	−0.076%	$5.0M	$636K	20x	as long as short
Aftermath Perps ETHUSD	+0.0040%	1h	2,774.1	+0.159%	$29K	$22K	20x	as long as short
Aster ETHUSDT	+0.0043%	8h	2,769.7	−0.001%	$255.7M	$998.8M	200x	as long as short
MEXC ETH_USDT	+0.0043%	8h	2,769.8	+0.003%	$1.59B	$2.63B	500x	as long as short
Binance ETHUSDTlong	+0.0044%	8h	2,769.7	long leg	$6.44B	$17.26B	150x
Gate ETH_USDT	+0.0056%	8h	2,769.7	−0.001%	$3.29B	$9.55B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,769.5	−0.006%	$2.09B	$3.14B	150x	as long as short
SoDEX ETH-USD	+0.0075%	1h	2,769.8	+0.004%	$55.2M	$228.6M	40x	as long as short
Bullet ETH-USD	+0.0077%	1h	2,769.7	0.000%	$187K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0091%	8h	2,769.8	+0.005%	$141.1M	$319.9M	—	as long as short
Lighter ETH	+0.0096%	1h	2,770.3	+0.022%	$115.1M	$508.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,771.8	+0.075%	$25.3M	$121.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,769.3	−0.013%	—	$42.5M	500x	as long as short
Paradex ETH-USD-PERPshort	+0.0100%	8h	2,769.1	−0.023%	$15.9M	$11.0M	50x
Katana Perps ETH-USD	+0.0100%	8h	2,770.1	+0.015%	$480K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,768.4	−0.045%	$16.1M	$115.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.5	+0.101%	$3.19B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,769.2	−0.018%	$31.3M	$283.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,769.6	−0.004%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,768.1	−0.057%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.6	+0.067%	$2.8M	$17.7M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.8	+0.041%	$164.5M	$255.4M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,769.6	−0.003%	$426.1M	$745.1M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,769.5	−0.007%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,769.8	+0.003%	$15.4M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,772.9	+0.117%	$178.4M	$789.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,769.9	+0.009%	$161.1M	$97.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,771.2	+0.055%	$21.4M	$57.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,770.5	+0.031%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,771.2	+0.055%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,770.1	+0.016%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.3	+0.092%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.3	−0.052%	$970K	$14.3M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,768.9	−0.029%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769.3	−0.014%	$31.5M	$76.3M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,771.5	+0.064%	$60.0M	$4.65B	50x	as long as short
Kalshi KXETHPERP	+0.0115%	8h	2,770.4	+0.026%	$8.6M	$670.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0128%	8h	2,772.6	+0.105%	$32.5M	$11.8M	100x	as long as short
BloFin ETH-USDT	+0.0164%	8h	2,769.8	+0.005%	$286.5M	$196.4M	150x	as long as short
Deribit ETH-PERPETUAL	+0.0169%	1h	2,771.7	+0.073%	$259.0M	$223.4M	50x	as long as short
Reya ETHRUSDPERP	+0.0192%	1h	2,769.1	−0.023%	$7.5M	$998K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,771.3	+0.059%	$88.4M	$330.6M	100x	as long as short
Hibachi ETH/USDT-P	+0.0376%	1h	2,771.8	+0.074%	$273K	$1.5M	20x	as long as short