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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.015%
Price spread now: Paradex against Bitget−0.006%7-day average +0.050% · 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−$179as in the Price arb table
costs, in and out, $10k−$1741.736% of the position
Long on BitgetShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.038%+$4 on $10k
Price spread, last 7 days+0.010%+$1 · spread now −0.006%, 7d avg +0.050%
Together, before fees+0.049%+ Points / potential airdropParadex: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paradex is 0.056% cheaper against Bitget than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.050%). If the spread goes back, that is −$6 on $10k: about 6.0 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,773.40.0068pay 0.0068% / 8h7h 43m$2.10B$2.94B150x
ShortParadex ETH-USD-PERP2,773.30.0099get 0.0099% / 8h7h 43m$15.9M$9.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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

Funding earned
$6.56
Price spread: −0.006% → +0.050%
−$5.6
Slippage, 4 orders
−$157.63
Fee Bitget: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$172.67
Costs to cover
1.736%
Break-even
191.3 days
Slippage from Bitget: live order book, 6 min ago; Paradex: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 6 min ago0.02 bp6.0 bp −$66.3 bp −$637.5 bp −$7528.4 bp −$4,217
Sell Paradex live order book, 1 min ago77.57 bp79.6 bp −$8079.6 bp −$796doesn't fitdoesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETH/USDC PERP−0.0752%1h2,770.4−0.109%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,772.3−0.039%$5.7M$11.4M25xas long as short
Perpl ETH−0.0112%43m2,771.8−0.057%$285K$6.5M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.7+0.010%$5K$1K50xas long as short
Phemex ETHUSDT−0.0049%8h2,770.2−0.115%$269.8M$67.6M150xas long as short
01 Exchange ETHUSD−0.0032%1h2,771.7−0.062%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.8−0.058%$878K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,772.8−0.022%$12.2M$46.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.5−0.070%$22.4M—200xas long as short
Gate ETH_USDT+0.0008%8h2,773.2−0.006%$3.33B$8.94B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,772.7−0.026%$1.71B$11.40B100xas long as short
Bullet ETH-USD+0.0023%1h2,770.2−0.116%$183K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,771.1−0.084%$12.7M—200xas long as short
Aster ETHUSDT+0.0043%8h2,773.4−0.002%$257.0M$906.9M200xas long as short
SoDEX ETH-USD+0.0046%1h2,770.3−0.112%$55.2M$208.4M40xas long as short
Aftermath Perps ETHUSD+0.0046%1h2,771.6−0.066%$31K$23K20xas long as short
Aevo ETH-PERP+0.0056%1h2,769.3−0.147%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0058%8h2,772.7−0.027%$1.63B$2.62B500xas long as short
Binance ETHUSDT+0.0059%8h2,773−0.017%$6.47B$16.71B150xas long as short
Bitget ETHUSDTlong+0.0068%8h2,773.4long leg$2.10B$2.94B150x
HTX ETH-USDT+0.0069%8h2,770.6−0.102%$1.08B$1.28B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.4−0.073%$60.4M$4.51B50xas long as short
KuCoin ETHUSDTM+0.0081%8h2,773.2−0.010%$420.7M$648.3M100xas long as short
Vest ETH-PERP+0.0087%1h2,771.6−0.067%—$911K50xas long as short
Lighter ETH+0.0096%1h2,773.8+0.014%$115.3M$456.6M50xas long as short
Lighter RH ETH+0.0096%1h2,775.1+0.062%$25.3M$110.0M50xas long as short
Paradex ETH-USD-PERPshort+0.0099%8h2,773.3−0.006%$15.9M$9.1M50x
Katana Perps ETH-USD+0.0100%8h2,772−0.051%$487K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,773.3−0.004%$14.5M$116.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.8+0.086%$3.18B$2.31B25xas long as short
Pacifica ETH+0.0100%1h2,773.9+0.016%$31.2M$322.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.1−0.011%$2.51B$4.46B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.7−0.026%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.1−0.010%$2.8M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.9−0.125%$170.3M$272.1M25xas long as short
BingX ETH-USDT+0.0100%8h2,773.4−0.002%—$1.24B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.4−0.109%$15.3M$42.3M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3−0.113%$151.3M$342.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.8−0.166%$181.8M$786.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.2−0.115%$161.1M$86.9M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,770.3−0.113%$8.7M$32.8M100xas long as short
StandX ETH-USD+0.0100%1h2,770.6−0.102%$21.4M$59.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771−0.087%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.7−0.062%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.8−0.024%$42.6M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.6−0.103%$972K$13.5M100xas long as short
Extended ETH-USD+0.0104%1h2,772.4−0.038%$32.5M$73.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.1−0.010%—$38.3M500xas long as short
Kalshi KXETHPERP+0.0104%8h2,773.4−0.001%$8.1M$687.4M4.9xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,771.8−0.058%$259.1M$211.9M50xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.5−0.068%$93.3M$324.1M100xas long as short
Orderly PERP_ETH_USDC+0.0147%8h2,773−0.015%$32.6M$11.7M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,773.2−0.007%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0178%8h2,772.3−0.039%$287.6M$188.5M150xas long as short
Reya ETHRUSDPERP+0.0209%1h2,770.2−0.117%$7.3M$1.2M25xas long as short