ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.036%

Price spread now: Paradex against Gate−0.014%7-day average +0.054% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1841.839% of the position

Long on Gate Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.068%+$7 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.014%, 7d avg +0.054%

Together, before fees+0.156%+ Points / potential airdropParadex: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paradex is 0.068% cheaper against Gate than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.054%). If the spread goes back, that is −$7 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.068% in total) that is about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ETH_USDT	2,770.4	0.0082	pay 0.0082% / 8h	1h 51m	$3.29B	$9.54B	200x
Short	Paradex ETH-USD-PERP	2,770	0.0100	get 0.0100% / 8h	1h 51m	$15.9M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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 GatebpFee ParadexbpOrdersPrice spread, now −0.014%Rate

Funding earned: $3.68
Price spread: −0.014% → +0.054%: −$6.79
Slippage, 4 orders: −$164.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$187.02
Costs to cover: 1.839%
Break-even: 363.0 days

Slippage from Gate: live order book, 3 min ago; Paradex: live order book, 3 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 Gate live order book, 3 min ago	0.02 bp	8.0 bp −$8	8.7 bp −$87	11.5 bp −$1,146	18.5 bp −$9,273
Sell Paradex live order book, 3 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	2,771.6	+0.044%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,770.6	+0.009%	$5.7M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.8	+0.051%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,773.2	+0.101%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,770.9	+0.018%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0001%	1h	2,772.3	+0.069%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771.2	+0.029%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,772	+0.058%	$884K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.3	+0.067%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0018%	8h	2,771.3	+0.034%	—	$1.18B	—	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	2,770.3	−0.005%	$1.71B	$11.84B	100x	as long as short
Phemex ETHUSDT	+0.0023%	8h	2,771.1	+0.026%	$267.0M	$65.7M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,772.2	+0.064%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0031%	8h	2,771.3	+0.033%	$256.3M	$993.1M	200x	as long as short
Nado ETH-PERP	+0.0038%	1h	2,771.1	+0.027%	$14.3M	$118.5M	50x	as long as short
Bullet ETH-USD	+0.0039%	1h	2,771	+0.021%	$182K	$1.8M	20x	as long as short
Hibachi ETH/USDT-P	+0.0048%	1h	2,773.9	+0.126%	$288K	$1.5M	20x	as long as short
MEXC ETH_USDT	+0.0053%	8h	2,771	+0.023%	$1.61B	$2.63B	500x	as long as short
Binance ETHUSDT	+0.0053%	8h	2,771.5	+0.041%	$6.43B	$17.17B	150x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,770.2	−0.007%	$5.0M	$636K	20x	as long as short
SoDEX ETH-USD	+0.0073%	1h	2,771.3	+0.033%	$55.2M	$228.6M	40x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,770.7	+0.012%	$2.10B	$3.11B	150x	as long as short
Gate ETH_USDTlong	+0.0082%	8h	2,770.4	long leg	$3.29B	$9.54B	200x
Deribit ETH-PERPETUAL	+0.0093%	1h	2,773.2	+0.103%	$258.4M	$224.9M	50x	as long as short
Lighter ETH	+0.0096%	1h	2,771.1	+0.025%	$114.9M	$495.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,773.2	+0.100%	$25.4M	$120.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,772.2	+0.065%	—	$41.7M	500x	as long as short
HTX ETH-USDT	+0.0098%	8h	2,771.1	+0.026%	$1.08B	$1.32B	200x	as long as short
Variational Omni ETH	+0.0098%	8h	2,772.1	+0.064%	$135.2M	$326.5M	—	as long as short
Paradex ETH-USD-PERPshort	+0.0100%	8h	2,770	−0.014%	$15.9M	$10.6M	50x
Katana Perps ETH-USD	+0.0100%	8h	2,771.2	+0.029%	$481K	$2.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.8	+0.087%	$3.19B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.1	+0.027%	$31.2M	$293.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,771.2	+0.030%	$2.51B	$4.61B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770	−0.014%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,772.4	+0.073%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	+0.007%	$166.0M	$246.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,770.5	+0.005%	$423.8M	$740.4M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772.1	+0.062%	$15.2M	$44.0M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,772.5	+0.077%	$179.7M	$779.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.1	+0.207%	$161.5M	$95.8M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,771.8	+0.050%	$8.7M	$32.7M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,773.8	+0.123%	$21.4M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,771.4	+0.038%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.6	+0.080%	$10.8M	$7.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.1	+0.060%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773.9	+0.126%	$42.7M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,772.2	+0.066%	$973K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769.9	−0.016%	$31.4M	$75.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,772.4	+0.073%	$59.9M	$4.61B	50x	as long as short
Kalshi KXETHPERP	+0.0108%	8h	2,772.3	+0.069%	$8.5M	$673.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0138%	8h	2,773.7	+0.119%	$32.5M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,772.3	+0.069%	$86.1M	$330.8M	100x	as long as short
BloFin ETH-USDT	+0.0174%	8h	2,770.8	+0.015%	$286.0M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0187%	1h	2,770.9	+0.018%	$7.3M	$1.1M	25x	as long as short