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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against Paradex+0.138%7-day average −0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.074%+$7 on $10k
Price spread, last 3 days (all we have)−0.275%−$27 · spread now +0.138%, 7d avg −0.019%
Together, before fees−0.200%+ Points / potential airdropParadex: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.157% dearer against Paradex than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,770.80.0100pay 0.0100% / 8h2h 46m$15.9M$10.9M50x
ShortOrderly PERP_ETH_USDC2,774.60.0129get 0.0129% / 8h2h 46m$32.5M$11.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$6.09
Price spread: +0.138% → −0.019%
$15.68
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Orderly: 3 bp × 2 orders
−$6
Net
$11.77
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Paradex: live order book, 3 min ago; Orderly: 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, 3 min ago71.65 bp73.6 bp −$7473.6 bp −$736doesn't fitdoesn't fit
Sell Orderly no order-book sample—————
Orderly: 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%43m2,771.7+0.034%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0178%1h2,769.3−0.054%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7−0.003%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.8+0.073%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,771.1+0.011%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.8+0.037%$796K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.1+0.011%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,772.5+0.062%$12.9M$45.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3+0.055%$22.4M—200xas long as short
Phemex ETHUSDT+0.0018%8h2,771.7+0.032%$266.7M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,769.7−0.041%$1.70B$11.84B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.2+0.050%$13.1M—200xas long as short
Aftermath Perps ETHUSD+0.0031%1h2,772.8+0.073%$29K$21K20xas long as short
Aevo ETH-PERP+0.0040%1h2,769.5−0.045%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0043%8h2,770.8+0.001%$1.59B$2.63B500xas long as short
Aster ETHUSDT+0.0043%8h2,771.4+0.023%$256.0M$995.6M200xas long as short
Binance ETHUSDT+0.0044%8h2,770.4−0.015%$6.44B$17.18B150xas long as short
Gate ETH_USDT+0.0058%8h2,770.9+0.004%$3.29B$9.56B200xas long as short
Bitget ETHUSDT+0.0074%8h2,770.8+0.001%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0078%1h2,771.3+0.019%$187K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,769.8−0.034%$141.1M$319.9M—as long as short
SoDEX ETH-USD+0.0091%1h2,771.6+0.030%$55.2M$228.6M40xas long as short
Lighter ETH+0.0096%1h2,770.9+0.003%$115.1M$508.8M50xas long as short
Lighter RH ETH+0.0096%1h2,772.3+0.053%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.2+0.051%—$41.9M500xas long as short
Paradex ETH-USD-PERPlong+0.0100%8h2,770.8long leg$15.9M$10.9M50x
Katana Perps ETH-USD+0.0100%8h2,771.4+0.022%$480K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.2+0.016%$16.1M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.4+0.131%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,771.4+0.021%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.1−0.025%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.2−0.021%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.2+0.086%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.002%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,770.80.000%$425.0M$743.2M100xas long as short
BingX ETH-USDC+0.0100%8h2,770.7−0.004%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.4+0.058%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,769.4−0.051%$178.2M$790.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.5−0.045%$161.1M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2+0.015%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.1+0.047%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.8+0.073%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.3+0.054%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.9+0.112%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.3−0.019%$970K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.6−0.007%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,770.4−0.013%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.3+0.091%$60.1M$4.64B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,772.5+0.062%$8.6M$670.5M4.9xas long as short
Orderly PERP_ETH_USDCshort+0.0129%8h2,774.6+0.138%$32.5M$11.8M100x
BloFin ETH-USDT+0.0164%8h2,771.7+0.032%$287.0M$195.7M150xas long as short
Deribit ETH-PERPETUAL+0.0183%1h2,773.7+0.105%$259.0M$223.0M50xas long as short
Reya ETHRUSDPERP+0.0191%1h2,770.7−0.003%$7.5M$1.0M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,773+0.080%$88.5M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0384%1h2,770.9+0.004%$273K$1.5M20xas long as short