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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 02:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h −0.022%
Price spread now: Paradex against dYdX+0.180%7-day average +0.056% · 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−$12as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Long on dYdXShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.256%−$26 on $10k
Price spread, last 7 days−0.218%−$22 · spread now +0.180%, 7d avg +0.056%
Together, before fees−0.474%+ Points / potential airdropParadex: Active · farm board−$47 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 0.125% dearer against dYdX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 4 days funding on this pair cost −0.256%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,749.20get 0.0000% / 1h28m 11s$10.8M$41.9M50x
ShortParadex ETH-USD-PERP2,754.20.0099get 0.0099% / 8h6h 28m$15.9M$8.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$20.87
Price spread: +0.180% → +0.056%
$12.46
Slippage, 4 orders
−$10.18
Fee dYdX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
$9.15
Costs to cover
0.242%
Break-even
3.9 days
Slippage from dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 1 min ago1.64 bp6.6 bp −$76.6 bp −$6617.5 bp −$1,75246.7 bp −$23.4K
Sell Paradex live order book, 1 min ago2.27 bp4.3 bp −$44.3 bp −$43doesn't fitdoesn't fit

ETH on 54 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
Perpl ETH−0.0447%43m2,750.1+0.033%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,748.2−0.037%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750+0.027%$5.6M$11.3M25xas long as short
ApeX Omni ETHUSDT−0.0014%1h2,748.2−0.036%$8.7M$31.6M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,750.8+0.058%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,749.4+0.007%$848K$3.1M25xas long as short
dYdX ETH-USDlong0.0000%1h2,749.2long leg$10.8M$41.9M50x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,751.3+0.077%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,749.6+0.014%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0033%8h2,751.6+0.088%—$1.19B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0045%8h2,751.4+0.079%$1.69B$11.01B100xas long as short
HTX ETH-USDT+0.0051%8h2,751.1+0.069%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0066%8h2,751.2+0.071%$253.1M$857.6M200xas long as short
Aevo ETH-PERP+0.0072%1h2,749−0.008%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0073%8h2,751.6+0.087%$1.57B$2.56B500xas long as short
KuCoin ETHUSDTM+0.0073%8h2,751.4+0.078%$382.2M$607.1M100xas long as short
Binance ETHUSDT+0.0076%8h2,751.7+0.090%$6.36B$16.21B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,752.9+0.132%$59.1M$4.37B50xas long as short
Bitget ETHUSDT+0.0092%8h2,751.6+0.086%$2.08B$2.85B150xas long as short
Phemex ETHUSDT+0.0096%8h2,751.4+0.080%$267.5M$66.0M150xas long as short
Lighter ETH+0.0096%1h2,751.9+0.096%$113.1M$442.6M50xas long as short
Lighter RH ETH+0.0096%1h2,753.4+0.152%$24.9M$107.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,750+0.028%—$35.4M500xas long as short
Gate ETH_USDT+0.0099%8h2,751.8+0.093%$3.40B$8.87B200xas long as short
Paradex ETH-USD-PERPshort+0.0099%8h2,754.2+0.180%$15.9M$8.1M50x
Katana Perps ETH-USD+0.0100%8h2,748.8−0.015%$468K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,748.7−0.020%$14.0M$112.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,753.8+0.167%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,750+0.028%$31.5M$333.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,751.5+0.082%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748.8−0.015%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,750.5+0.045%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,751+0.066%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.4−0.065%$133.1M$346.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,747.9−0.049%$181.7M$730.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.8−0.124%$159.7M$84.5M50xas long as short
StandX ETH-USD+0.0100%1h2,750+0.028%$21.3M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,750.2+0.036%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.8+0.021%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,750.2+0.036%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,751.6+0.087%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,753.1+0.142%$41.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,749.6+0.013%$963K$12.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,751.6+0.087%$54.8M$187.6M40xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.192%$165.5M$306.7M25xas long as short
Aftermath Perps ETHUSD+0.0104%1h2,748.3−0.035%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,751+0.065%$30.5M$74.1M50xas long as short
Kalshi KXETHPERP+0.0139%8h2,750.4+0.043%$7.6M$674.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0169%8h2,753.8+0.166%$32.4M$11.1M100xas long as short
Deribit ETH-PERPETUAL+0.0190%1h2,753+0.137%$258.5M$200.2M50xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,749.7+0.016%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,747.9−0.048%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,749.1−0.006%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0353%1h2,752.6+0.121%$90.0M$316.4M100xas long as short