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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 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%
Price spread now: Bluefin against Paradex+0.026%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.026% dearer against Paradex than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,774.40.0100pay 0.0100% / 8h1h 35m$15.9M$10.5M50x
ShortBluefin ETH-PERP2,775.10.0100get 0.0013% / 1h35m 41s$21K$25K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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

Funding earned
$0.08
Price spread: +0.026% → 0.000%
$2.64
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$8.28
Costs to cover
0.110%
Break-even
711.9 days
Slippage unknown: Paradex: live order book, 4 min ago; Bluefin: no order-book sample. 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 Paradex live order book, 4 min ago58.40 bp87.5 bp −$8895.3 bp −$953doesn't fitdoesn't fit
Sell Bluefin no order-book sample—————
Bluefin: 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
Perpl ETH−0.0447%43m2,774−0.012%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,774.2−0.007%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.1+0.063%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,777.1+0.099%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,774.7+0.012%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0023%1h2,777.7+0.122%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,775.1+0.027%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,779.8+0.196%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.8+0.016%$22.4M—200xas long as short
BingX ETH-USDC+0.0015%8h2,774.3−0.002%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0017%8h2,773.8−0.022%$269.8M$68.5M150xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,775.7+0.049%$1.71B$11.83B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,774.5+0.006%$13.2M—200xas long as short
Aster ETHUSDT+0.0035%8h2,774.6+0.007%$256.4M$989.6M200xas long as short
Bullet ETH-USD+0.0040%1h2,773.6−0.027%$180K$1.7M20xas long as short
Nado ETH-PERP+0.0057%1h2,774.8+0.017%$14.2M$117.8M50xas long as short
MEXC ETH_USDT+0.0061%8h2,775.7+0.047%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0061%8h2,775.7+0.047%$6.44B$17.11B150xas long as short
Aevo ETH-PERP+0.0064%1h2,773.3−0.038%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0072%8h2,774.7+0.014%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,774.6+0.010%$3.29B$9.58B200xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,775.2+0.031%$258.3M$221.9M50xas long as short
SoDEX ETH-USD+0.0091%1h2,773.4−0.035%$55.2M$228.8M40xas long as short
HTX ETH-USDT+0.0095%8h2,772.9−0.053%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0095%8h2,775.5+0.042%$2.52B$4.59B150xas long as short
Lighter ETH+0.0096%1h2,775.7+0.047%$114.9M$498.5M50xas long as short
Lighter RH ETH+0.0096%1h2,776.8+0.086%$25.4M$121.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776+0.060%—$41.5M500xas long as short
KuCoin ETHUSDTM+0.0099%8h2,774.1−0.009%$426.1M$737.9M100xas long as short
Paradex ETH-USD-PERPlong+0.0100%8h2,774.4long leg$15.9M$10.5M50x
Katana Perps ETH-USD+0.0100%8h2,774.8+0.016%$481K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,777+0.095%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,775.8+0.052%$31.4M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.8−0.020%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.3+0.071%$2.8M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.251%$166.9M$248.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.8−0.019%$15.2M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,781.7+0.265%$135.5M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,778.3+0.142%$180.1M$779.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777.7+0.121%$161.5M$90.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,777.9+0.127%$8.7M$32.5M100xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.092%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,775.2+0.030%$10.8M$7.6M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,775.1+0.026%$21K$25K25x
Derive ETH-PERP+0.0100%1h2,776.5+0.076%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.7+0.011%$974K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,775.1+0.025%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,773.5−0.030%$31.5M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.1−0.010%$60.2M$4.59B50xas long as short
Kalshi KXETHPERP+0.0117%8h2,776.1+0.063%$8.7M$673.6M4.9xas long as short
Hibachi ETH/USDT-P+0.0136%1h2,777.9+0.127%$279K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,776.8+0.089%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774.2−0.005%$86.1M$330.4M100xas long as short
BloFin ETH-USDT+0.0182%8h2,775.5+0.041%$284.7M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,773.6−0.026%$7.3M$1.1M25xas long as short