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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.001%
Price spread now: Extended against Paradex+0.027%7-day average −0.098% · 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−$142as in the Price arb table
costs, in and out, $10k−$1551.545% of the position
Long on ParadexShort on Extended
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.005%+$1 on $10k
Price spread, last 7 days−0.068%−$7 · spread now +0.027%, 7d avg −0.098%
Together, before fees−0.062%+ Points / potential airdropParadex: Active · Extended: Active · farm board−$6 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: Extended is 0.125% dearer against Paradex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,766.10.0099pay 0.0099% / 8h7h 17m$15.9M$8.6M50x
ShortExtended ETH-USD2,766.90.0104get 0.0013% / 1h17m 51s$30.9M$74.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Paradex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.96
Price spread: +0.027% → −0.098%
$12.54
Slippage, 4 orders
−$145.53
Fee Paradex: 2 bp × 2 orders
−$4
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$141.03
Costs to cover
1.545%
Break-even
1036.1 days
Slippage from Paradex: live order book, 1 min ago; Extended: live order book, 1 min ago.

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, 1 min ago44.18 bp103.0 bp −$103129.6 bp −$1,296doesn't fitdoesn't fit
Sell Extended live order book, 1 min ago0.18 bp2.7 bp −$32.7 bp −$274.0 bp −$39912.2 bp −$6,096

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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.389%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,763.6−0.092%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,764.2−0.068%$340K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,764.2−0.070%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,764.2−0.070%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.212%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,764.7−0.050%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,766.7+0.020%$22.3M—200xas long as short
Bullet ETH-USD+0.0018%1h2,765.5−0.023%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,768.2+0.076%$1.70B$11.14B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0028%1h2,766.6+0.017%$55.1M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,766.3+0.007%$12.7M—200xas long as short
Aster ETHUSDT+0.0044%8h2,766.8+0.026%$256.2M$886.1M200xas long as short
Gate ETH_USDT+0.0055%8h2,768.2+0.075%$3.38B$9.06B200xas long as short
Aevo ETH-PERP+0.0056%1h2,765.9−0.008%$5.0M$165K20xas long as short
Binance ETHUSDT+0.0057%8h2,767.9+0.065%$6.47B$16.26B150xas long as short
MEXC ETH_USDT+0.0059%8h2,767.4+0.046%$1.61B$2.65B500xas long as short
Aftermath Perps ETHUSD+0.0069%1h2,770+0.139%$31K$21K20xas long as short
Bitget ETHUSDT+0.0076%8h2,768.2+0.076%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,769+0.103%$60.3M$4.42B50xas long as short
Vest ETH-PERP+0.0081%1h2,764.7−0.051%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,767.8+0.059%$420.5M$604.6M100xas long as short
HTX ETH-USDT+0.0086%8h2,767+0.032%$1.07B$1.25B200xas long as short
Lighter ETH+0.0096%1h2,768+0.069%$114.9M$459.0M50xas long as short
Lighter RH ETH+0.0096%1h2,768.9+0.098%$25.6M$111.8M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2+0.074%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERPlong+0.0099%8h2,766.1long leg$15.9M$8.6M50x
Katana Perps ETH-USD+0.0100%8h2,764.2−0.070%$487K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,763−0.112%$14.6M$113.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.7+0.165%$3.16B$2.19B25xas long as short
Pacifica ETH+0.0100%1h2,764.2−0.069%$31.1M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,768.2+0.075%$2.51B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,763.5−0.095%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,764.3−0.067%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5−0.094%$172.0M$292.0M25xas long as short
BingX ETH-USDC+0.0100%8h2,767.3+0.041%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,767.7+0.057%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.087%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.1+0.071%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8+0.095%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,767.9+0.064%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,764.4−0.063%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.7+0.057%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,768.7+0.093%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,765.3−0.031%$969K$13.0M100xas long as short
Phemex ETHUSDT+0.0100%8h2,767.8+0.062%$269.4M$67.3M150xas long as short
Extended ETH-USDshort+0.0104%1h2,766.9+0.027%$30.9M$74.9M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,765.8−0.014%—$36.1M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,765.7−0.016%$8.1M$677.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,769.2+0.109%$97.8M$320.5M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,769.3+0.113%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0155%8h2,769.8+0.131%$32.6M$11.1M100xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,768.8+0.095%$259.1M$203.4M50xas long as short
BloFin ETH-USDT+0.0180%8h2,763.6−0.093%$287.3M$178.3M150xas long as short
Reya ETHRUSDPERP+0.0213%1h2,764.4−0.063%$7.3M$1.1M25xas long as short