Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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.

Funding you earn now, next payment 23:00 UTC+0.0185%/8h= +20.2% APRpaid last 24h −0.002%
Price spread now: Paradex against RISEx+0.006%7-day average +0.044% · 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−$159as in the Price arb table
costs, in and out, $10k−$1561.556% of the position
Long on RISExShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.019%−$2 on $10k
Price spread, last 7 days+0.061%+$6 · spread now +0.006%, 7d avg +0.044%
Together, before fees+0.041%+ Points / potential airdropParadex: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paradex is 0.038% cheaper against RISEx than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.044%). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.019% in total (about -2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,773.2−0.0085get 0.0011% / 1h32m 12s$5.8M$12.1M25x
ShortParadex ETH-USD-PERP2,773.30.0100get 0.0100% / 8h1h 32m$15.9M$10.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against RISEx. 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
$38.8
Price spread: +0.006% → +0.044%
−$3.81
Slippage, 4 orders
−$145.57
Fee RISEx: 3 bp × 2 orders
−$6
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$120.59
Costs to cover
1.556%
Break-even
28.8 days
Slippage from RISEx: live order book, 2 min ago; Paradex: 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 RISEx live order book, 2 min ago0.02 bp3.0 bp −$33.3 bp −$33293.8 bp −$29.4Kdoesn't fit
Sell Paradex live order book, 2 min ago58.40 bp60.4 bp −$6060.4 bp −$604doesn'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−0.0447%43m2,773.9+0.027%$288K$6.9M8.3xas long as short
RISEx ETH/USDClong−0.0085%1h2,773.2long leg$5.8M$12.1M25x
Hotstuff ETH-PERP−0.0080%1h2,773.8+0.023%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.4+0.081%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,773.4+0.009%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0027%1h2,776.9+0.136%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,773.8+0.024%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,779.8+0.240%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.6−0.022%$22.4M—200xas long as short
BingX ETH-USDC+0.0015%8h2,771−0.077%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0020%8h2,770.3−0.101%$1.70B$11.81B100xas long as short
Phemex ETHUSDT+0.0023%8h2,772.5−0.022%$269.6M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.4−0.027%$13.0M—200xas long as short
Aster ETHUSDT+0.0036%8h2,772.2−0.036%$256.0M$990.4M200xas long as short
Bullet ETH-USD+0.0039%1h2,771.6−0.058%$180K$1.7M20xas long as short
MEXC ETH_USDT+0.0060%8h2,772.7−0.015%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0061%8h2,772.8−0.013%$6.43B$17.13B150xas long as short
Nado ETH-PERP+0.0062%1h2,773.1−0.001%$14.3M$118.0M50xas long as short
Aevo ETH-PERP+0.0064%1h2,770.6−0.093%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0072%8h2,769.7−0.123%$3.28B$9.59B200xas long as short
Bitget ETHUSDT+0.0072%8h2,769.9−0.116%$2.10B$3.10B150xas long as short
Deribit ETH-PERPETUAL+0.0075%1h2,773.4+0.009%$258.3M$222.2M50xas long as short
SoDEX ETH-USD+0.0083%1h2,771.8−0.049%$55.2M$228.8M40xas long as short
HTX ETH-USDT+0.0094%8h2,772.1−0.036%$1.08B$1.32B200xas long as short
ApeX Omni ETHUSDT+0.0094%1h2,775.4+0.082%$8.7M$32.5M100xas long as short
Bybit ETHUSDT+0.0094%8h2,772.8−0.014%$2.51B$4.60B150xas long as short
Lighter ETH+0.0096%1h2,772.6−0.021%$114.9M$499.2M50xas long as short
Lighter RH ETH+0.0096%1h2,774.6+0.052%$25.4M$121.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.6+0.017%—$41.5M500xas long as short
KuCoin ETHUSDTM+0.0099%8h2,772.3−0.030%$425.1M$738.0M100xas long as short
Paradex ETH-USD-PERPshort+0.0100%8h2,773.3+0.006%$15.9M$10.5M50x
Katana Perps ETH-USD+0.0100%8h2,774+0.031%$481K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.5−0.024%$3.18B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,774.2+0.038%$31.4M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.8−0.013%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.1+0.069%$2.8M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.295%$166.9M$248.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771−0.077%$15.2M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,774.6+0.052%$135.3M$322.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,774.9+0.062%$179.9M$780.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.139%$161.5M$91.0M50xas long as short
StandX ETH-USD+0.0100%1h2,777.4+0.153%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,773.4+0.009%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.7−0.016%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.4−0.027%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.1+0.035%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,771−0.076%$972K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,771.2−0.069%$31.6M$74.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.8+0.024%$60.1M$4.59B50xas long as short
Kalshi KXETHPERP+0.0119%8h2,774.2+0.038%$8.6M$675.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,774.3+0.041%$32.5M$12.0M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,778.5+0.195%$279K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,773.7+0.020%$86.3M$331.1M100xas long as short
BloFin ETH-USDT+0.0181%8h2,775.4+0.082%$285.0M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0190%1h2,771.4−0.064%$7.4M$1.2M25xas long as short