ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.79 per $10,000 · paid last 24h +0.017%

Price spread now: Paradex against OKX+0.013%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−$179as in the Price arb table

costs, in and out, $10k−$1751.749% of the position

Long on OKX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.041%+$4 on $10k

Price spread, last 7 days+0.078%+$8 · spread now +0.013%, 7d avg +0.056%

Together, before fees+0.119%+ Points / potential airdropParadex: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paradex is 0.043% cheaper against OKX than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.056%). If the spread goes back, that is −$4 on $10k: about 44 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.041% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ETH-USDT-SWAP	2,765.9	0.0021	pay 0.0021% / 8h	2h 32m	$1.71B	$11.84B	100x
Short	Paradex ETH-USD-PERP	2,766.2	0.0100	get 0.0100% / 8h	2h 32m	$15.9M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against OKX. 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 OKXbpFee ParadexbpOrdersPrice spread, now +0.013%Rate

Funding earned: $16.61
Price spread: +0.013% → +0.056%: −$4.33
Slippage, 4 orders: −$160.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$162.65
Costs to cover: 1.749%
Break-even: 75.6 days

Slippage from OKX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	5.7 bp −$570	7.6 bp −$3,798
Sell Paradex live order book, 2 min ago	80.45 bp	82.4 bp −$82	82.4 bp −$824	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	−0.0112%	43m	2,766.9	+0.036%	$289K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	+0.008%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,766.8	+0.034%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,766.7	+0.030%	$171K	$1.2M	50x	as long as short
ApeX Omni ETHUSDT	−0.0052%	1h	2,767.5	+0.060%	$8.8M	$32.5M	100x	as long as short
Phoenix ETH	−0.0023%	1h	2,767	+0.041%	$794K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,766.5	+0.024%	$5.8M	$11.8M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,767.4	+0.055%	$12.7M	$45.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,767.2	+0.049%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAPlong	+0.0021%	8h	2,765.9	long leg	$1.71B	$11.84B	100x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0025%	8h	2,766.1	+0.009%	$266.3M	$66.0M	150x	as long as short
Aftermath Perps ETHUSD	+0.0026%	1h	2,767.6	+0.064%	$29K	$21K	20x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,767	+0.042%	$13.1M	—	200x	as long as short
Aster ETHUSDT	+0.0037%	8h	2,766.1	+0.008%	$255.7M	$995.0M	200x	as long as short
Deribit ETH-PERPETUAL	+0.0043%	1h	2,767.4	+0.056%	$258.4M	$224.5M	50x	as long as short
MEXC ETH_USDT	+0.0046%	8h	2,766.1	+0.009%	$1.62B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0046%	8h	2,766.1	+0.009%	$6.42B	$17.20B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,764	−0.066%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0066%	8h	2,766.3	+0.016%	$3.28B	$9.62B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,766.2	+0.013%	$2.09B	$3.13B	150x	as long as short
Bullet ETH-USD	+0.0078%	1h	2,766.1	+0.009%	$184K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0092%	8h	2,764	−0.067%	$140.6M	$319.6M	—	as long as short
Lighter ETH	+0.0096%	1h	2,767.1	+0.046%	$115.2M	$511.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,768.6	+0.098%	$25.4M	$122.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,767.3	+0.052%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERPshort	+0.0100%	8h	2,766.2	+0.013%	$15.9M	$10.9M	50x
Katana Perps ETH-USD	+0.0100%	8h	2,766.8	+0.034%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,766.4	+0.018%	$14.8M	$116.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,769.1	+0.117%	$3.19B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,767	+0.041%	$31.1M	$285.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,765.8	−0.003%	$2.50B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,766.2	+0.012%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,768.6	+0.097%	$2.8M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.5	−0.012%	$164.9M	$254.7M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,766.3	+0.016%	$424.3M	$740.9M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,766.1	+0.010%	—	$1.18B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,766.4	+0.018%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,764.4	−0.052%	$177.7M	$792.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,765.8	−0.003%	$160.8M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,766.4	+0.019%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,767.2	+0.047%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,767.8	+0.070%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,767.1	+0.046%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,768.4	+0.092%	$42.6M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,765.7	−0.008%	$970K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,765.8	−0.003%	$55.1M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,766	+0.005%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,765.8	−0.002%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,767.6	+0.063%	$60.0M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0120%	8h	2,767.2	+0.048%	$8.6M	$672.2M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0131%	8h	2,768.9	+0.110%	$32.5M	$11.9M	100x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,765.5	−0.015%	$285.6M	$194.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0184%	1h	2,765.3	−0.022%	$7.5M	$992K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0241%	1h	2,767.1	+0.044%	$87.5M	$329.9M	100x	as long as short
Hibachi ETH/USDT-P	+0.0416%	1h	2,768.5	+0.096%	$290K	$1.5M	20x	as long as short