ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.015%

Price spread now: Bitget against Paradex−0.142%52s7-day average −0.052% · 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—prices read too far apart to compare

costs, in and out, $10k−$220.224% of the position

Long on Paradex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.038%−$4 on $10k

Price spread, last 7 days+0.128%+$13 · spread now −0.142%, 7d avg −0.052%

Together, before fees+0.090%+ Points / potential airdropParadex: Active · farm board+$9 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: Bitget is 0.089% cheaper against Paradex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.052%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ETH-USD-PERP	2,737.3	0.0099	pay 0.0099% / 8h	4h 04m	$15.5M	$8.0M	50x
Short	Bitget ETHUSDT	2,733.4	0.0100	get 0.0100% / 8h	4h 04m	$2.07B	$2.73B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0.22
Price spread: −0.142% → −0.052%: −$8.95
Slippage, 4 orders: −$6.36
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.08
Costs to cover: 0.224%
Break-even: 987.5 days

Slippage from Paradex: live order book, 4 min ago; Bitget: 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 Paradex live order book, 4 min ago	3.16 bp	5.2 bp −$5	5.2 bp −$52	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	6.9 bp −$690	7.6 bp −$3,812

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	2,733.1	−0.152%	$297K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,734.2	−0.112%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,733.1	−0.152%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,733.6	−0.135%	$11.9M	—	200x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,733.8	−0.127%	$187K	$821K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,733.9	−0.123%	$826K	$2.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,733	−0.156%	$10.7M	$41.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,733.6	−0.133%	$28.1M	—	200x	as long as short
Bullet ETH-USD	+0.0014%	1h	2,733.3	−0.145%	$178K	$1.7M	20x	as long as short
HTX ETH-USDT	+0.0021%	8h	2,732.3	−0.181%	$1.06B	$1.20B	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-USDC	+0.0044%	8h	2,732.8	−0.163%	—	$18.5M	—	as long as short
Bybit ETHUSDT	+0.0055%	8h	2,733.1	−0.152%	$2.38B	$4.35B	150x	as long as short
ApeX Omni ETHUSDT	+0.0063%	1h	2,732.3	−0.183%	$8.7M	$31.3M	100x	as long as short
KuCoin ETHUSDTM	+0.0066%	8h	2,733.4	−0.142%	$380.3M	$573.5M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0074%	8h	2,733.1	−0.153%	$1.67B	$10.71B	100x	as long as short
Phemex ETHUSDT	+0.0081%	8h	2,733.2	−0.149%	$265.6M	$65.2M	150x	as long as short
Aster ETHUSDT	+0.0085%	8h	2,733.5	−0.139%	$251.0M	$841.9M	200x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,733.4	−0.140%	$1.55B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0095%	8h	2,733.4	−0.141%	$6.35B	$15.88B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,733.6	−0.134%	$112.8M	$441.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,734.8	−0.090%	$23.5M	$106.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,733.1	−0.151%	—	$30.9M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,730.8	−0.235%	$4.9M	$155K	20x	as long as short
Paradex ETH-USD-PERPlong	+0.0099%	8h	2,737.3	long leg	$15.5M	$8.0M	50x
RISEx ETH/USDC	+0.0099%	1h	2,734	−0.118%	$5.6M	$11.7M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,733.1	−0.152%	$499K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,733.3	−0.146%	$13.6M	$104.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,735.6	−0.061%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,734.3	−0.110%	$32.0M	$335.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,732.7	−0.167%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,733.9	−0.122%	$1.6M	$16.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,733.5	−0.139%	$3.34B	$8.93B	200x	as long as short
Bitget ETHUSDTshort	+0.0100%	8h	2,733.4	−0.142%	$2.07B	$2.73B	150x
Backpack ETH_USDC_PERP	+0.0100%	1h	2,732.1	−0.190%	$15.0M	$39.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,732	−0.193%	$133.7M	$324.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,732.4	−0.179%	$183.8M	$670.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,733.6	−0.135%	$159.0M	$86.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,733.5	−0.138%	$21.1M	$68.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,734.2	−0.112%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,735	−0.083%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,733.5	−0.138%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,735	−0.084%	$41.3M	$29.8M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,732.2	−0.185%	$958K	$11.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,733.2	−0.149%	$54.4M	$187.6M	40x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,732.6	−0.170%	$165.4M	$300.2M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,732.5	−0.175%	$30.4M	$72.8M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,734.3	−0.110%	$51.3M	$4.27B	50x	as long as short
Aftermath Perps ETHUSD	+0.0118%	1h	2,734	−0.118%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0131%	8h	2,733.4	−0.142%	$6.7M	$678.6M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0149%	1h	2,734.7	−0.096%	$259.6M	$196.3M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0197%	8h	2,735.6	−0.062%	$32.2M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0217%	1h	2,732.8	−0.163%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,733.9	−0.123%	$83.2M	$314.8M	100x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,734	−0.120%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0378%	8h	2,733.5	−0.139%	$283.3M	$175.7M	150x	as long as short