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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h 0.000%
Price spread now: Paradex against Polymarket Perps−0.012%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1781.776% of the position
Long on Polymarket PerpsShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.010%−$1 on $10k
Price spread, last 7 days+0.023%+$2 · spread now −0.012%, 7d avg +0.037%
Together, before fees+0.013%+ Points / potential airdropParadex: Active · farm board+$1 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: Paradex is 0.049% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ETH-USD2,769.60.0100pay 0.0013% / 1h6m 27s$10.6M$8.0M50x
ShortParadex ETH-USD-PERP2,769.30.0099get 0.0099% / 8h6m 27s$15.9M$10.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Polymarket Perps. 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: −0.012% → +0.037%
−$4.88
Slippage, 4 orders
−$165.56
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$182.62
Costs to cover
1.776%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; Paradex: 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 Polymarket Perps live order book, 3 min ago0.36 bp4.4 bp −$44.7 bp −$4712.9 bp −$1,292doesn't fit
Sell Paradex live order book, 3 min ago82.42 bp84.4 bp −$8484.4 bp −$844doesn't fitdoesn't fit

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%43m2,769.3−0.011%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.8+0.007%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.271%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.7+0.040%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0016%1h2,769.8+0.007%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770+0.014%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771+0.049%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.069%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.9+0.047%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,769−0.021%$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%1h2,770.6+0.037%$12.8M—200xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.4+0.066%$29K$22K20xas long as short
Phemex ETHUSDT+0.0030%8h2,770.2+0.020%$270.0M$68.8M150xas long as short
SoDEX ETH-USD+0.0030%1h2,770.2+0.022%$55.2M$228.8M40xas long as short
Aster ETHUSDT+0.0032%8h2,769.8+0.007%$255.6M$1.00B200xas long as short
Bullet ETH-USD+0.0036%1h2,769.8+0.006%$181K$1.7M20xas long as short
MEXC ETH_USDT+0.0055%8h2,769.4−0.008%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0055%8h2,769.5−0.005%$6.45B$17.30B150xas long as short
Aevo ETH-PERP+0.0056%1h2,769.3−0.012%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,768.8−0.030%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,769.6−0.001%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.2+0.023%$421.1M$738.6M100xas long as short
Bybit ETHUSDT+0.0088%8h2,769.6−0.001%$2.50B$4.62B150xas long as short
BingX ETH-USDT+0.0088%8h2,769.6−0.001%—$1.24B—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772.1+0.088%$60.3M$4.59B50xas long as short
HTX ETH-USDT+0.0093%8h2,769.8+0.007%$1.08B$1.32B200xas long as short
Nado ETH-PERP+0.0095%1h2,769.4−0.007%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.7+0.039%$115.0M$501.8M50xas long as short
Lighter RH ETH+0.0096%1h2,771.5+0.068%$25.3M$122.1M50xas long as short
Deribit ETH-PERPETUAL+0.0096%1h2,772.1+0.090%$259.0M$222.2M50xas long as short
Vest ETH-PERP+0.0096%1h2,770+0.015%—$1.1M50xas long as short
Paradex ETH-USD-PERPshort+0.0099%8h2,769.3−0.012%$15.9M$10.1M50x
Katana Perps ETH-USD+0.0100%8h2,769.5−0.004%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.7+0.112%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.3+0.026%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.5−0.004%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.5+0.031%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.007%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.6+0.036%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.042%$147.1M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.4−0.007%$181.8M$784.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9+0.048%$161.1M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,770.6+0.036%$21.4M$58.7M40xas long as short
Polymarket Perps ETH-USDlong+0.0100%1h2,769.6long leg$10.6M$8.0M50x
Bluefin ETH-PERP+0.0100%1h2,770.8+0.044%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,769.5−0.004%$971K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,772.8+0.114%$42.7M$29.4M15xas long as short
Kalshi KXETHPERP+0.0104%8h2,771.2+0.058%$8.2M$688.2M4.9xas long as short
Extended ETH-USD+0.0104%1h2,769.1−0.018%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.9+0.081%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.9+0.083%$90.4M$338.5M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.1+0.125%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0175%8h2,770.1+0.019%$286.5M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,768.4−0.042%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,773+0.122%$252K$1.6M20xas long as short