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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 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against Katana Perps+0.132%7-day average +0.088% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.001%$0 on $10k
Price spread, last 7 days−0.073%−$7 · spread now +0.132%, 7d avg +0.088%
Together, before fees−0.075%+ Points / potential airdropParadex: Active · farm board−$7 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 0.043% dearer against Katana Perps than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.088%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,7420.0100pay 0.0100% / 8h5h 33m$468K$3.0M50x
ShortParadex ETH-USD-PERP2,745.60.0100get 0.0100% / 8h5h 33m$16.0M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Katana Perps. 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
−$0.04
Price spread: +0.132% → +0.088%
$4.34
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$3.5
Costs to cover
0.078%
Break-even
never at this rate
Slippage unknown: Katana Perps: no order-book sample; Paradex: live order book, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample—————
Sell Paradex live order book, just now2.22 bp4.2 bp −$44.2 bp −$42doesn't fitdoesn't fit
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff ETH-PERP−0.0080%1h2,742.4+0.015%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.040%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.1+0.038%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,742+0.001%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,741.9−0.004%$304K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.2+0.043%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,741.5−0.018%$846K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,742.7+0.026%$182K$916K50xas long as short
BingX ETH-USDC+0.0050%8h2,743.5+0.054%—$18.5M—as long as short
ApeX Omni ETHUSDT+0.0055%1h2,738.9−0.112%$8.8M$30.9M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0064%8h2,744.4+0.087%$383.5M$586.9M100xas long as short
OKX ETH-USDT-SWAP+0.0064%8h2,743.6+0.058%$1.70B$10.58B100xas long as short
RISEx ETH/USDC+0.0077%1h2,742.8+0.028%$5.6M$11.2M25xas long as short
Bullet ETH-USD+0.0079%1h2,742.6+0.020%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0081%8h2,743.6+0.059%$252.2M$841.1M200xas long as short
MEXC ETH_USDT+0.0088%8h2,743.7+0.061%$1.56B$2.54B500xas long as short
Aevo ETH-PERP+0.0088%1h2,740.8−0.045%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0089%8h2,743.7+0.060%$6.38B$15.69B150xas long as short
HTX ETH-USDT+0.0096%8h2,743.1+0.040%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,743.7+0.063%$112.8M$433.3M50xas long as short
Lighter RH ETH+0.0096%1h2,745.3+0.122%$24.6M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.6+0.060%—$30.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,745+0.109%$58.7M$4.27B50xas long as short
Paradex ETH-USD-PERPshort+0.0100%8h2,745.6+0.132%$16.0M$8.0M50x
Katana Perps ETH-USDlong+0.0100%8h2,742long leg$468K$3.0M50x
Nado ETH-PERP+0.0100%1h2,742.6+0.022%$13.9M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.9+0.142%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,742.1+0.004%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743.7+0.061%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741−0.036%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,742.7+0.024%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5−0.017%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.8+0.067%$3.39B$8.72B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.9+0.070%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.8+0.030%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.7−0.048%$132.6M$333.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,737.1−0.179%$181.9M$690.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740−0.074%$159.3M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,742.3+0.011%$21.2M$68.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,743.2+0.043%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.3+0.047%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,743+0.038%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,745+0.110%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.8+0.030%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.2+0.044%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,743.5+0.055%$266.8M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,742.9+0.031%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0134%1h2,741.7−0.012%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0158%8h2,743.4+0.051%$7.7M$669.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0166%1h2,744.6+0.095%$258.8M$196.1M50xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,745.4+0.125%$32.3M$11.3M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.4+0.089%$86.9M$310.3M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,742+0.001%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,743.5+0.054%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0251%8h2,743+0.038%$285.0M$182.0M150xas long as short