Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.004%
Price spread now: Paradex against Deribit+0.106%7-day average +0.057% · 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−$11as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Long on DeribitShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.007%−$1 on $10k
Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.106%, 7d avg +0.057%
Together, before fees−0.027%+ Points / potential airdropParadex: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Paradex is 0.049% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,732.80get 0.0000% / 1h43m 57s$262.4M$211.9M50x
ShortParadex ETH-USD-PERP2,735.70.0100get 0.0100% / 8h43m 57s$15.4M$7.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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
$20.99
Price spread: +0.106% → +0.057%
$4.88
Slippage, 4 orders
−$5.19
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Paradex: 2 bp × 2 orders
−$4
Net
$9.68
Costs to cover
0.162%
Break-even
3.8 days
Slippage from Deribit: live order book, 5 min ago; Paradex: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 5 min ago0.09 bp3.6 bp −$44.2 bp −$429.9 bp −$98716.6 bp −$8,303
Sell Paradex live order book, just now2.50 bp4.5 bp −$54.5 bp −$45doesn'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
BloFin ETH-USDT−0.0175%8h2,731.1−0.061%$281.2M$177.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.1−0.024%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,730.5−0.082%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.7−0.002%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,732.9+0.007%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.2−0.020%$6.3M$680.6M4.9xas long as short
Perpl ETH0.0000%43m2,731.9−0.031%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUALlong0.0000%1h2,732.8long leg$262.4M$211.9M50x
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.8+0.001%$33.0M—200xas long as short
BingX ETH-USDT+0.0019%8h2,730.7−0.076%—$1.10B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0024%8h2,730.6−0.078%$2.33B$4.36B150xas long as short
HTX ETH-USDT+0.0029%8h2,731.3−0.053%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,732.6−0.005%$192K$890K50xas long as short
ApeX Omni ETHUSDT+0.0045%1h2,732.1−0.025%$8.6M$31.6M100xas long as short
Injective ETH/USDC PERP+0.0050%1h2,732.8+0.002%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,732.1−0.023%$82.0M$309.2M100xas long as short
KuCoin ETHUSDTM+0.0071%8h2,731.2−0.056%$384.8M$576.8M100xas long as short
Hibachi ETH/USDT-P+0.0072%1h2,733.2+0.018%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,731−0.064%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0082%8h2,730.8−0.073%$252.9M$849.4M200xas long as short
MEXC ETH_USDT+0.0094%8h2,730.9−0.067%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,730.9−0.069%$6.32B$16.14B150xas long as short
Lighter ETH+0.0096%1h2,731.9−0.033%$112.6M$429.4M50xas long as short
Lighter RH ETH+0.0096%1h2,733.3+0.019%$23.5M$101.9M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730−0.100%$4.9M$181K20xas long as short
Phemex ETHUSDT+0.0099%8h2,731.8−0.035%$263.3M$64.5M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.6−0.042%$500K$3.5M50xas long as short
Paradex ETH-USD-PERPshort+0.0100%8h2,735.7+0.106%$15.4M$7.8M50x
Nado ETH-PERP+0.0100%1h2,731.6−0.044%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.6+0.031%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.7−0.004%$32.1M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.8−0.035%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.4−0.014%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.118%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.1−0.062%$3.31B$8.86B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731−0.065%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731−0.065%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,731.6−0.041%$134.1M$318.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.7−0.038%$185.7M$684.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.8+0.002%$158.8M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,732.1−0.024%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.6+0.030%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.3+0.020%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,732.4−0.013%$184K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.6−0.007%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.6−0.007%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,730.8−0.072%$957K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,731.4−0.049%$54.4M$187.1M40xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,732.1−0.025%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,730.2−0.092%$30.4M$72.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732−0.027%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,732.9+0.004%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,732.9+0.007%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0184%1h2,730.9−0.067%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,734.6+0.068%$32.2M$11.3M100xas long as short