ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.004%

Price spread now: Binance against Paradex−0.033%7-day average −0.051% · 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−$144as in the Price arb table

costs, in and out, $10k−$1461.456% of the position

Long on Paradex Short on Binance

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−0.050%−$5 · spread now −0.033%, 7d avg −0.051%

Together, before fees−0.070%+ Points / potential airdropParadex: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ETH-USD-PERP	2,778.7	0.0100	pay 0.0100% / 8h	1h 39m	$16.0M	$10.5M	50x
Short	Binance ETHUSDT	2,777.8	0.0062	get 0.0062% / 8h	1h 39m	$6.45B	$17.10B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Paradex. 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 ParadexbpFee BinancebpOrdersPrice spread, now −0.033%Rate

Funding earned: −$7.98
Price spread: −0.033% → −0.051%: $1.78
Slippage, 4 orders: −$131.57
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$151.77
Costs to cover: 1.456%
Break-even: never at this rate

Slippage from Paradex: live order book, 5 min ago; Binance: live order book, 5 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 Paradex live order book, 5 min ago	61.49 bp	72.0 bp −$72	92.4 bp −$924	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.4 bp −$639	8.5 bp −$4,260

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	2,780.3	+0.058%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,777.2	−0.056%	$5.8M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,778	−0.026%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,775.7	−0.108%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,778	−0.026%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0027%	1h	2,778	−0.025%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,780	+0.045%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,774.2	−0.162%	$885K	$3.7M	25x	as long as short
Phemex ETHUSDT	+0.0004%	8h	2,780.4	+0.059%	$270.4M	$68.5M	150x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,781.8	+0.112%	$22.5M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0015%	8h	2,777.5	−0.044%	—	$1.18B	—	as long as short
OKX ETH-USDT-SWAP	+0.0019%	8h	2,777.3	−0.052%	$1.71B	$11.83B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,781.7	+0.106%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,780.3	+0.056%	$257.0M	$989.7M	200x	as long as short
Bullet ETH-USD	+0.0040%	1h	2,781	+0.083%	$182K	$1.8M	20x	as long as short
Nado ETH-PERP	+0.0050%	1h	2,780.7	+0.071%	$14.3M	$117.8M	50x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,774.9	−0.136%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,777.5	−0.044%	$1.62B	$2.65B	500x	as long as short
Binance ETHUSDTshort	+0.0062%	8h	2,777.8	−0.033%	$6.45B	$17.10B	150x
Bitget ETHUSDT	+0.0073%	8h	2,777.4	−0.048%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0076%	8h	2,777.4	−0.048%	$3.29B	$9.57B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,778.4	−0.013%	$115.1M	$497.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,780.7	+0.073%	$25.5M	$120.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,780.6	+0.068%	—	$41.5M	500x	as long as short
Bybit ETHUSDT	+0.0096%	8h	2,777.4	−0.047%	$2.52B	$4.59B	150x	as long as short
HTX ETH-USDT	+0.0096%	8h	2,781.1	+0.085%	$1.08B	$1.31B	200x	as long as short
Paradex ETH-USD-PERPlong	+0.0100%	8h	2,778.7	long leg	$16.0M	$10.5M	50x
Katana Perps ETH-USD	+0.0100%	8h	2,778.1	−0.022%	$482K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,781.3	+0.093%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,778.9	+0.008%	$31.4M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,777.2	−0.054%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,779.4	+0.025%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,781.3	+0.094%	$166.9M	$248.1M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,779	+0.009%	$426.4M	$737.7M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,781.5	+0.098%	$15.3M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,781.7	+0.108%	$135.5M	$322.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,776.9	−0.066%	$180.0M	$778.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.5	−0.079%	$161.5M	$93.1M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,776.6	−0.077%	$8.7M	$32.6M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,780.3	+0.057%	$21.5M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,781.2	+0.089%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,782.2	+0.125%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,781.3	+0.094%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,783.1	+0.157%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,779.6	+0.030%	$975K	$14.0M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,780.8	+0.075%	$55.4M	$228.8M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,776.9	−0.067%	$31.6M	$74.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,782.1	+0.122%	$60.3M	$4.60B	50x	as long as short
Hibachi ETH/USDT-P	+0.0112%	1h	2,782	+0.119%	$279K	$1.5M	20x	as long as short
Kalshi KXETHPERP	+0.0114%	8h	2,781.5	+0.100%	$8.6M	$672.9M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0120%	1h	2,782.4	+0.131%	$258.4M	$221.6M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0139%	8h	2,783.5	+0.173%	$32.7M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,781.8	+0.112%	$86.3M	$330.4M	100x	as long as short
BloFin ETH-USDT	+0.0178%	8h	2,779.6	+0.033%	$285.4M	$194.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0189%	1h	2,780.7	+0.071%	$7.4M	$1.1M	25x	as long as short