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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+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.003%
Price spread now: SunX against Paradex+0.011%7-day average −0.114% · 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−$168as in the Price arb table
costs, in and out, $10k−$1801.801% of the position
Long on ParadexShort on SunX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.018%−$2 on $10k
Price spread, last 3 days (all we have)−0.188%−$19 · spread now +0.011%, 7d avg −0.114%
Together, before fees−0.206%+ Points / potential airdropParadex: Active · farm board−$21 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: SunX 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 −0.114%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,768.70.0099pay 0.0099% / 8h5m 43s$15.9M$10.0M50x
ShortSunX ETH-USDT2,7690.0100get 0.0100% / 8h5m 43s$972K$13.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$0.17
Price spread: +0.011% → −0.114%
$12.51
Slippage, 4 orders
−$168.07
Fee Paradex: 2 bp × 2 orders
−$4
Fee SunX: 4 bp × 2 orders
−$8
Net
−$167.39
Costs to cover
1.801%
Break-even
6926.5 days
Slippage from Paradex: live order book, 3 min ago; SunX: live order book, 3 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, 3 min ago82.42 bp84.4 bp −$8489.9 bp −$899doesn't fitdoesn't fit
Sell SunX live order book, 3 min ago0.13 bp4.1 bp −$44.3 bp −$436.4 bp −$6428.4 bp −$4,184

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−0.0223%43m2,770.7+0.073%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.7+0.036%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.237%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.5+0.030%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0016%1h2,769.8+0.041%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.1+0.052%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,769.6+0.034%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.102%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.5+0.030%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,769.1+0.015%$1.71B$11.87B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,769.3+0.024%$12.8M—200xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.3+0.095%$29K$22K20xas long as short
SoDEX ETH-USD+0.0029%1h2,768.9+0.008%$55.1M$228.8M40xas long as short
Phemex ETHUSDT+0.0030%8h2,769.8+0.042%$270.0M$68.7M150xas long as short
Aster ETHUSDT+0.0032%8h2,769.5+0.031%$255.6M$1.00B200xas long as short
Bullet ETH-USD+0.0036%1h2,768.4−0.010%$181K$1.7M20xas long as short
Binance ETHUSDT+0.0055%8h2,768.70.000%$6.45B$17.30B150xas long as short
MEXC ETH_USDT+0.0055%8h2,769+0.012%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0056%1h2,767.7−0.036%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,769.3+0.022%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,769.2+0.017%$3.29B$9.70B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,769.1+0.016%$420.8M$738.6M100xas long as short
Bybit ETHUSDT+0.0088%8h2,768.8+0.006%$2.50B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,768.5−0.006%—$17.5M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,770.9+0.081%$60.2M$4.59B50xas long as short
HTX ETH-USDT+0.0093%8h2,769.2+0.021%$1.08B$1.32B200xas long as short
Deribit ETH-PERPETUAL+0.0093%1h2,770.6+0.068%$259.1M$222.2M50xas long as short
Nado ETH-PERP+0.0095%1h2,769.4+0.027%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,769+0.013%$115.0M$501.8M50xas long as short
Lighter RH ETH+0.0096%1h2,770.6+0.068%$25.3M$122.1M50xas long as short
Vest ETH-PERP+0.0096%1h2,770+0.048%—$1.1M50xas long as short
Paradex ETH-USD-PERPlong+0.0099%8h2,768.7long leg$15.9M$10.0M50x
Katana Perps ETH-USD+0.0100%8h2,769.2+0.019%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.8+0.113%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,769.3+0.025%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.2+0.019%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.3+0.060%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4+0.026%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.9+0.043%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.005%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.4+0.026%$181.8M$784.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9+0.082%$161.1M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,770.6+0.070%$21.4M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.6+0.034%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.8+0.039%$21K$24K25xas long as short
SunX ETH-USDTshort+0.0100%8h2,769+0.011%$972K$13.9M100x
Derive ETH-PERP+0.0100%1h2,771.2+0.093%$42.7M$29.4M15xas long as short
Kalshi KXETHPERP+0.0103%8h2,770.6+0.070%$8.2M$688.2M4.9xas long as short
Extended ETH-USD+0.0104%1h2,768.8+0.004%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.3+0.097%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.1+0.090%$90.4M$338.2M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,771.5+0.102%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0175%8h2,770.1+0.053%$286.5M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,768.4−0.008%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,773+0.156%$252K$1.6M20xas long as short