ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Paradex against Bybit+0.056%49s7-day average +0.053% · 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—prices read too far apart to compare

costs, in and out, $10k−$1801.798% of the position

Long on Bybit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.018%+$2 on $10k

Price spread, last 7 days+0.040%+$4 · spread now +0.056%, 7d avg +0.053%

Together, before fees+0.058%+ Points / potential airdropParadex: Active · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ETHUSDT	2,771.3	0.0100	pay 0.0100% / 8h	1h 52m	$2.51B	$4.63B	150x
Short	Paradex ETH-USD-PERP	2,772.8	0.0100	get 0.0100% / 8h	1h 52m	$15.9M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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 BybitbpFee ParadexbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$0.1
Price spread: +0.056% → +0.053%: $0.28
Slippage, 4 orders: −$164.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$179.63
Costs to cover: 1.798%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.02 bp	5.5 bp −$6	5.5 bp −$55	6.9 bp −$694	9.6 bp −$4,821
Sell Paradex live order book, 1 min ago	68.60 bp	70.6 bp −$71	70.6 bp −$706	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	2,772.5	+0.044%	$290K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,772.2	+0.033%	$5.7M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,774.7	+0.123%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,773.2	+0.069%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,772.6	+0.047%	$169K	$1.2M	50x	as long as short
dYdX ETH-USD	0.0000%	1h	2,774.3	+0.108%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,775.6	+0.156%	$886K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.3	+0.036%	$22.4M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0008%	1h	2,772.9	+0.059%	$29K	$22K	20x	as long as short
BingX ETH-USDC	+0.0018%	8h	2,770.2	−0.038%	—	$17.3M	—	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	2,769.4	−0.067%	$1.71B	$11.86B	100x	as long as short
Phemex ETHUSDT	+0.0025%	8h	2,770.8	−0.018%	$266.9M	$65.9M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,772.2	+0.033%	$13.2M	—	200x	as long as short
Hibachi ETH/USDT-P	+0.0032%	1h	2,776.1	+0.175%	$276K	$1.5M	20x	as long as short
Aster ETHUSDT	+0.0033%	8h	2,770.5	−0.027%	$256.2M	$993.7M	200x	as long as short
Nado ETH-PERP	+0.0038%	1h	2,772.5	+0.044%	$14.3M	$118.9M	50x	as long as short
Bullet ETH-USD	+0.0045%	1h	2,771.4	+0.004%	$182K	$1.8M	20x	as long as short
Binance ETHUSDT	+0.0054%	8h	2,770.4	−0.033%	$6.43B	$17.20B	150x	as long as short
MEXC ETH_USDT	+0.0054%	8h	2,770.4	−0.033%	$1.62B	$2.63B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,769.6	−0.061%	$5.0M	$636K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0064%	1h	2,772.7	+0.051%	$258.4M	$224.9M	50x	as long as short
SoDEX ETH-USD	+0.0074%	1h	2,770.8	−0.018%	$55.2M	$228.6M	40x	as long as short
Bitget ETHUSDT	+0.0074%	8h	2,770.4	−0.032%	$2.10B	$3.12B	150x	as long as short
Gate ETH_USDT	+0.0080%	8h	2,770.5	−0.029%	$3.29B	$9.54B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,770.8	−0.018%	$114.9M	$495.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.7	+0.052%	$25.4M	$120.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,773.5	+0.078%	—	$41.7M	500x	as long as short
HTX ETH-USDT	+0.0098%	8h	2,771.1	−0.006%	$1.08B	$1.32B	200x	as long as short
Variational Omni ETH	+0.0098%	8h	2,772.1	+0.031%	$135.2M	$326.5M	—	as long as short
Paradex ETH-USD-PERPshort	+0.0100%	8h	2,772.8	+0.056%	$15.9M	$10.6M	50x
Katana Perps ETH-USD	+0.0100%	8h	2,772.9	+0.058%	$481K	$2.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.8	+0.054%	$3.19B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,773.3	+0.073%	$31.2M	$293.6M	50x	as long as short
Bybit ETHUSDTlong	+0.0100%	8h	2,771.3	long leg	$2.51B	$4.63B	150x
Ondo Perps ETH-USD.P	+0.0100%	1h	2,772.5	+0.044%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,774.2	+0.105%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,771	−0.012%	$164.2M	$249.6M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,769.7	−0.057%	$423.4M	$740.7M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771	−0.012%	$15.2M	$44.0M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,774.2	+0.104%	$179.8M	$779.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.1	+0.174%	$161.5M	$95.8M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,776.3	+0.180%	$8.7M	$32.7M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,775.5	+0.152%	$21.4M	$57.9M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,773.5	+0.080%	$10.8M	$7.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772	+0.026%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773.2	+0.069%	$42.7M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,772	+0.024%	$973K	$14.1M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,773.3	+0.072%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769.5	−0.064%	$31.4M	$75.2M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,772.3	+0.036%	$59.9M	$4.61B	50x	as long as short
Kalshi KXETHPERP	+0.0108%	8h	2,774	+0.098%	$8.6M	$673.6M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0138%	8h	2,774	+0.099%	$32.5M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,771.9	+0.023%	$86.1M	$331.6M	100x	as long as short
BloFin ETH-USDT	+0.0174%	8h	2,770.8	−0.018%	$286.0M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0187%	1h	2,771.5	+0.008%	$7.3M	$1.1M	25x	as long as short