ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0112%/8h= −12.2% APRnext payment −$1.12 per $10,000 · paid last 24h −0.029%

Price spread now: Paradex against BloFin+0.144%7-day average +0.101% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$180.185% of the position

Long on BloFin Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.105%−$11 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.144%, 7d avg +0.101%

Together, before fees+0.009%+ Points / potential airdropParadex: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Paradex is 0.043% dearer against BloFin than usual: you sell high and buy low (spread +0.144% now, against its 7-day average of +0.101%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ETH-USDT	2,728	0.0211	pay 0.0211% / 8h	4h 48m	$284.8M	$173.9M	150x
Short	Paradex ETH-USD-PERP	2,731.9	0.0099	get 0.0099% / 8h	4h 48m	$15.8M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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 BloFinbpFee ParadexbpOrdersPrice spread, now +0.144%Rate

Funding earned: −$23.47
Price spread: +0.144% → +0.101%: $4.31
Slippage, 4 orders: −$2.45
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$37.61
Costs to cover: 0.185%
Break-even: never at this rate

Slippage from BloFin: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 6 min ago	0.04 bp	6.0 bp −$6	6.0 bp −$60	6.8 bp −$677	10.0 bp −$4,995
Sell Paradex live order book, 1 min ago	1.19 bp	3.2 bp −$3	3.2 bp −$32	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	2,727.7	−0.011%	$301K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,735.5	+0.275%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,732.1	+0.150%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,727.8	−0.006%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,727.6	−0.014%	$10.7M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,727.9	−0.004%	$181K	$834K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,741.2	+0.484%	$834K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,727.9	−0.005%	$25.7M	—	200x	as long as short
Bullet ETH-USD	+0.0029%	1h	2,727.1	−0.034%	$180K	$1.7M	20x	as long as short
SoDEX ETH-USD	+0.0034%	1h	2,725.3	−0.099%	$54.3M	$187.6M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	+0.0040%	1h	2,726.7	−0.048%	$260.1M	$196.7M	50x	as long as short
BingX ETH-USDT	+0.0056%	8h	2,725.4	−0.094%	—	$1.14B	—	as long as short
KuCoin ETHUSDTM	+0.0071%	8h	2,725.5	−0.093%	$379.2M	$573.8M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,725.4	−0.094%	$1.66B	$10.65B	100x	as long as short
Aster ETHUSDT	+0.0082%	8h	2,727.2	−0.030%	$252.2M	$842.5M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,726.6	−0.053%	$4.9M	$154K	20x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,725.8	−0.081%	$6.33B	$15.81B	150x	as long as short
MEXC ETH_USDT	+0.0090%	8h	2,725.8	−0.082%	$1.53B	$2.54B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,726	−0.072%	$111.9M	$434.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,727	−0.035%	$23.2M	$105.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,727.8	−0.008%	—	$30.4M	500x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,729.8	+0.066%	$5.6M	$11.5M	25x	as long as short
Paradex ETH-USD-PERPshort	+0.0099%	8h	2,731.9	+0.144%	$15.8M	$8.0M	50x
Katana Perps ETH-USD	+0.0100%	8h	2,728.3	+0.011%	$497K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,727.6	−0.015%	$13.8M	$104.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,727.8	−0.009%	$3.09B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,728.4	+0.015%	$31.6M	$333.8M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,725.3	−0.099%	$2.39B	$4.31B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,728.4	+0.015%	$2.7M	$16.9M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,729.9	+0.070%	$2.8M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,740.8	+0.468%	$166.9M	$306.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,725.7	−0.086%	$3.34B	$8.73B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,725.4	−0.096%	$2.07B	$2.75B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,725.2	−0.103%	$14.9M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,734.9	+0.253%	$133.1M	$324.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,738	+0.366%	$182.0M	$665.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,739	+0.402%	$159.4M	$84.4M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,735.3	+0.268%	$8.7M	$30.7M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,732.1	+0.150%	$21.1M	$69.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,729.8	+0.065%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,729	+0.037%	$10.9M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,727.4	−0.022%	$41.2M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,725.4	−0.096%	$955K	$11.4M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,724.7	−0.123%	$1.05B	$1.19B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,725.8	−0.080%	$265.0M	$65.3M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,725.9	−0.076%	$30.4M	$72.5M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,726.7	−0.049%	$52.0M	$4.25B	50x	as long as short
Aftermath Perps ETHUSD	+0.0120%	1h	2,736.2	+0.300%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0155%	8h	2,729	+0.037%	$6.5M	$676.0M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0194%	8h	2,729.7	+0.061%	$32.1M	$11.5M	100x	as long as short
BloFin ETH-USDTlong	+0.0211%	8h	2,728	long leg	$284.8M	$173.9M	150x
Kraken Futures PF_ETHUSD	+0.0223%	1h	2,726	−0.075%	$84.5M	$313.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0224%	1h	2,726.7	−0.047%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,732.1	+0.152%	$254K	$1.4M	20x	as long as short
Bluefin ETH-PERP	+0.0895%	1h	2,728	−0.002%	$21K	$20K	25x	as long as short