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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.001%
Price spread now: Paradex against Extended+0.008%7-day average +0.099% · 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−$180as in the Price arb table
costs, in and out, $10k−$1711.706% of the position
Long on ExtendedShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.013%−$1 on $10k
Price spread, last 7 days+0.101%+$10 · spread now +0.008%, 7d avg +0.099%
Together, before fees+0.089%+ Points / potential airdropExtended: Active · Paradex: Active · farm board+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.091% cheaper against Extended than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.099%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,771.90.0104pay 0.0013% / 1h12m 12s$32.6M$77.7M50x
ShortParadex ETH-USD-PERP2,772.10.0099get 0.0099% / 8h1h 12m$15.9M$10.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Extended. 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
−$1.07
Price spread: +0.008% → +0.099%
−$9.08
Slippage, 4 orders
−$161.6
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$180.75
Costs to cover
1.706%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; Paradex: live order book, 2 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 Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$274.2 bp −$41812.9 bp −$6,459
Sell Paradex live order book, 2 min ago67.02 bp69.0 bp −$6969.0 bp −$690doesn'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
Perpl ETH−0.0447%43m2,772.9+0.039%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.4+0.019%$5.7M$11.8M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.1+0.045%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.279%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.9+0.038%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,775.7+0.138%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,774.2+0.085%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,775.9+0.146%$885K$3.7M25xas long as short
Deribit ETH-PERPETUAL+0.0002%1h2,774+0.077%$258.5M$222.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.4+0.055%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0015%8h2,772.1+0.007%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0018%8h2,771.3−0.019%$1.70B$11.84B100xas long as short
Phemex ETHUSDT+0.0024%8h2,772.5+0.024%$269.8M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,773.2+0.050%$12.9M—200xas long as short
Bullet ETH-USD+0.0028%1h2,772.4+0.021%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0035%8h2,772.4+0.018%$255.8M$992.4M200xas long as short
Nado ETH-PERP+0.0060%1h2,772.3+0.017%$14.2M$118.2M50xas long as short
MEXC ETH_USDT+0.0064%8h2,772.2+0.013%$1.61B$2.67B500xas long as short
Aevo ETH-PERP+0.0064%1h2,770.9−0.036%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0064%8h2,772.4+0.019%$6.43B$17.21B150xas long as short
SoDEX ETH-USD+0.0065%1h2,772.4+0.020%$55.2M$228.9M40xas long as short
ApeX Omni ETHUSDT+0.0066%1h2,775.6+0.134%$8.8M$32.6M100xas long as short
Bitget ETHUSDT+0.0068%8h2,772.4+0.020%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,772.5+0.022%$3.29B$9.66B200xas long as short
HTX ETH-USDT+0.0092%8h2,772.5+0.023%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,772.4+0.019%$2.52B$4.62B150xas long as short
Lighter ETH+0.0096%1h2,772.8+0.035%$115.0M$502.4M50xas long as short
Lighter RH ETH+0.0096%1h2,774.3+0.087%$25.4M$121.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.4+0.056%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0097%8h2,772.4+0.020%$422.1M$739.0M100xas long as short
Paradex ETH-USD-PERPshort+0.0099%8h2,772.1+0.008%$15.9M$10.5M50x
Katana Perps ETH-USD+0.0100%8h2,773.1+0.045%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.1+0.117%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,773.1+0.046%$31.2M$302.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.2+0.012%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,774+0.076%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.9+0.255%$165.9M$253.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773+0.040%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,774.7+0.104%$141.6M$331.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,775.7+0.139%$181.7M$784.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.8+0.141%$161.4M$91.4M50xas long as short
StandX ETH-USD+0.0100%1h2,773.5+0.059%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.8+0.070%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.5+0.058%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.9+0.108%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,771.9+0.003%$972K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,773.2+0.048%—$1.1M50xas long as short
Extended ETH-USDlong+0.0104%1h2,771.9long leg$32.6M$77.7M50x
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.6+0.061%$59.7M$4.60B50xas long as short
Kalshi KXETHPERP+0.0125%8h2,773.4+0.056%$8.4M$680.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,775.2+0.119%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,773.4+0.055%$86.0M$332.4M100xas long as short
BloFin ETH-USDT+0.0184%8h2,772.5+0.024%$283.9M$194.3M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,772.3+0.017%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,773.9+0.075%$270K$1.5M20xas long as short