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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 00:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.010%
Price spread now: HTX against Paradex+0.008%7-day average −0.112% · 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−$140as in the Price arb table
costs, in and out, $10k−$1521.516% of the position
Long on ParadexShort on HTX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.028%−$3 on $10k
Price spread, last 3 days (all we have)−0.160%−$16 · spread now +0.008%, 7d avg −0.112%
Together, before fees−0.188%+ Points / potential airdropParadex: Active · farm board−$19 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: HTX is 0.121% dearer against Paradex than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.112%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,783.50.0099pay 0.0099% / 8h51m 59s$16.0M$10.5M50x
ShortHTX ETH-USDT2,783.70.0090get 0.0090% / 8h51m 59s$1.08B$1.32B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$1.88
Price spread: +0.008% → −0.112%
$12.06
Slippage, 4 orders
−$135.64
Fee Paradex: 2 bp × 2 orders
−$4
Fee HTX: 6 bp × 2 orders
−$12
Net
−$141.46
Costs to cover
1.516%
Break-even
never at this rate
Slippage from Paradex: live order book, 2 min ago; HTX: live order book, 2 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, 2 min ago67.80 bp69.8 bp −$7075.0 bp −$750doesn't fitdoesn't fit
Sell HTX live order book, 2 min ago0.02 bp6.0 bp −$66.0 bp −$607.3 bp −$73311.0 bp −$5,489

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%43m2,783.4−0.003%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,783−0.019%$5.7M$11.9M25xas long as short
ApeX Omni ETHUSDT−0.0131%1h2,779.8−0.132%$8.8M$32.7M100xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.5−0.036%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,784.2+0.025%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0024%1h2,784.6+0.039%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,782−0.054%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784.5+0.035%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,785+0.054%$884K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,783.8+0.009%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,784.5+0.037%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,785.7+0.080%$1.71B$11.93B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,784.3+0.029%$12.9M—200xas long as short
Phemex ETHUSDT+0.0028%8h2,783.8+0.011%$271.3M$68.8M150xas long as short
Aster ETHUSDT+0.0038%8h2,784.7+0.042%$257.0M$1.00B200xas long as short
MEXC ETH_USDT+0.0064%8h2,784.7+0.041%$1.60B$2.63B500xas long as short
Aevo ETH-PERP+0.0064%1h2,784.4+0.033%$5.1M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,785.6+0.075%$2.11B$3.11B150xas long as short
Binance ETHUSDT+0.0066%8h2,784.9+0.051%$6.46B$17.26B150xas long as short
Bullet ETH-USD+0.0067%1h2,783.7+0.007%$184K$1.7M20xas long as short
Gate ETH_USDT+0.0071%8h2,784.8+0.046%$3.31B$9.58B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,785+0.053%$60.3M$4.62B50xas long as short
Bybit ETHUSDT+0.0090%8h2,785.5+0.072%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0090%8h2,783.5−0.001%$424.0M$739.3M100xas long as short
HTX ETH-USDTshort+0.0090%8h2,783.7+0.008%$1.08B$1.32B200x
Nado ETH-PERP+0.0093%1h2,783.1−0.015%$14.4M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,784.3+0.030%$116.3M$495.3M50xas long as short
Lighter RH ETH+0.0096%1h2,785.6+0.076%$25.4M$120.6M50xas long as short
Vest ETH-PERP+0.0096%1h2,784.7+0.043%—$1.1M50xas long as short
Paradex ETH-USD-PERPlong+0.0099%8h2,783.5long leg$16.0M$10.5M50x
Katana Perps ETH-USD+0.0100%8h2,783−0.018%$479K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,786.3+0.100%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,784.2+0.023%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,782.8−0.025%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,784.4+0.033%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.200%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,783.5−0.001%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.4−0.075%$147.6M$336.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,782.4−0.041%$182.1M$780.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,784.1+0.021%$161.9M$90.2M50xas long as short
StandX ETH-USD+0.0100%1h2,786.7+0.115%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,785.2+0.061%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,784+0.016%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,785.8+0.083%$42.9M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,783.2−0.011%$977K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,783.7+0.007%$55.4M$229.0M40xas long as short
Extended ETH-USD+0.0104%1h2,784.7+0.042%$32.7M$77.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,784.5+0.035%—$41.8M500xas long as short
Deribit ETH-PERPETUAL+0.0120%1h2,785.3+0.064%$258.9M$222.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,784.9+0.049%$86.8M$332.7M100xas long as short
Kalshi KXETHPERP+0.0125%8h2,784.5+0.036%$8.5M$682.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,786.1+0.092%$32.7M$12.1M100xas long as short
BloFin ETH-USDT+0.0185%8h2,785.9+0.084%$285.4M$195.4M150xas long as short
Reya ETHRUSDPERP+0.0197%1h2,783.7+0.007%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,785.1+0.056%$271K$1.5M20xas long as short