ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.39 per $10,000 · paid last 24h +0.004%

Price spread now: Paradex against MEXC−0.103%7-day average +0.053% · 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−$166as in the Price arb table

costs, in and out, $10k−$1501.500% of the position

Long on MEXC Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 7 days+0.180%+$18 · spread now −0.103%, 7d avg +0.053%

Together, before fees+0.201%+ Points / potential airdropParadex: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paradex is 0.156% cheaper against MEXC than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.053%). If the spread goes back, that is −$16 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.020% in total) that is about 28 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ETH_USDT	2,777.2	0.0061	pay 0.0061% / 8h	1h 35m	$1.62B	$2.65B	500x
Short	Paradex ETH-USD-PERP	2,774.4	0.0100	get 0.0100% / 8h	1h 35m	$15.9M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against MEXC. 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 MEXCbpFee ParadexbpOrdersPrice spread, now −0.103%Rate

Funding earned: $8.11
Price spread: −0.103% → +0.053%: −$15.62
Slippage, 4 orders: −$143.95
Fee MEXC: 1 bp × 2 orders: −$2
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$157.47
Costs to cover: 1.500%
Break-even: 143.0 days

Slippage from MEXC: live order book, 4 min ago; Paradex: live order book, 4 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 MEXC live order book, 4 min ago	0.02 bp	1.0 bp −$1	1.0 bp −$10	1.2 bp −$115	3.4 bp −$1,707
Sell Paradex live order book, 4 min ago	58.40 bp	60.4 bp −$60	60.4 bp −$604	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	2,777	−0.009%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,776.5	−0.027%	$5.8M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,776.1	−0.040%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,777.1	−0.004%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,776.5	−0.026%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0019%	1h	2,777.1	−0.004%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,775.1	−0.076%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,779.8	+0.093%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,777.8	+0.019%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0015%	8h	2,777	−0.010%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0017%	8h	2,773.8	−0.125%	$269.8M	$68.5M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,777	−0.009%	$1.71B	$11.83B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,777.7	+0.018%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0035%	8h	2,777	−0.009%	$256.6M	$989.9M	200x	as long as short
Bullet ETH-USD	+0.0040%	1h	2,777	−0.009%	$181K	$1.7M	20x	as long as short
Nado ETH-PERP	+0.0058%	1h	2,775.8	−0.050%	$14.2M	$117.8M	50x	as long as short
MEXC ETH_USDTlong	+0.0061%	8h	2,777.2	long leg	$1.62B	$2.65B	500x
Binance ETHUSDT	+0.0061%	8h	2,777	−0.009%	$6.45B	$17.11B	150x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,774.8	−0.089%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,777.1	−0.003%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0073%	8h	2,776.9	−0.013%	$3.29B	$9.58B	200x	as long as short
Deribit ETH-PERPETUAL	+0.0078%	1h	2,775.2	−0.072%	$258.3M	$221.9M	50x	as long as short
SoDEX ETH-USD	+0.0091%	1h	2,773.4	−0.138%	$55.2M	$228.8M	40x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,772.9	−0.156%	$1.08B	$1.32B	200x	as long as short
Bybit ETHUSDT	+0.0095%	8h	2,777.2	+0.001%	$2.52B	$4.59B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,775.7	−0.057%	$114.9M	$498.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,776.8	−0.017%	$25.4M	$121.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,775.5	−0.061%	—	$41.5M	500x	as long as short
KuCoin ETHUSDTM	+0.0099%	8h	2,777.1	−0.004%	$426.6M	$738.0M	100x	as long as short
Paradex ETH-USD-PERPshort	+0.0100%	8h	2,774.4	−0.103%	$15.9M	$10.5M	50x
Katana Perps ETH-USD	+0.0100%	8h	2,776.8	−0.015%	$480K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,779.7	+0.089%	$3.19B	$2.37B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,775.8	−0.051%	$31.4M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,775.9	−0.048%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,778.5	+0.046%	$2.8M	$17.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,781.3	+0.148%	$166.9M	$248.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,773.8	−0.122%	$15.2M	$44.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,774.6	−0.095%	$135.3M	$322.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,776.2	−0.036%	$179.9M	$779.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.3	−0.035%	$161.5M	$91.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,777.9	+0.023%	$8.7M	$32.5M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,775.4	−0.066%	$21.4M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,776.8	−0.016%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,778.6	+0.050%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,777.6	+0.015%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,779.5	+0.080%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,774.7	−0.092%	$974K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,776	−0.044%	$31.5M	$74.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,774.1	−0.113%	$60.2M	$4.59B	50x	as long as short
Kalshi KXETHPERP	+0.0117%	8h	2,776.1	−0.040%	$8.7M	$673.6M	4.9x	as long as short
Hibachi ETH/USDT-P	+0.0136%	1h	2,777.9	+0.024%	$279K	$1.5M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0138%	8h	2,779.6	+0.086%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,774.2	−0.108%	$86.1M	$330.4M	100x	as long as short
BloFin ETH-USDT	+0.0182%	8h	2,775.5	−0.062%	$284.7M	$194.4M	150x	as long as short
Reya ETHRUSDPERP	+0.0190%	1h	2,777.2	+0.001%	$7.4M	$1.1M	25x	as long as short