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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 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against SunX+0.193%7-day average +0.113% · 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−$188as in the Price arb table
costs, in and out, $10k−$1961.963% of the position
Long on SunXShort on Paradex
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)−0.025%−$2 · spread now +0.193%, 7d avg +0.113%
Together, before fees−0.006%+ 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 0.080% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.113%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,765.30.0100pay 0.0100% / 8h7h 17m$969K$13.0M100x
ShortParadex ETH-USD-PERP2,770.60.0099get 0.0099% / 8h7h 17m$15.9M$8.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against SunX. 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
−$0.12
Price spread: +0.193% → +0.113%
$8
Slippage, 4 orders
−$184.25
Fee SunX: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$188.37
Costs to cover
1.963%
Break-even
never at this rate
Slippage from SunX: live order book, 12 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 SunX live order book, 12 min ago2.96 bp15.8 bp −$1635.7 bp −$35739.9 bp −$3,99543.1 bp −$21.6K
Sell Paradex live order book, 2 min ago44.18 bp46.2 bp −$4649.9 bp −$499doesn'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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.421%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,768+0.098%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,764.2−0.037%$340K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.1+0.102%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,768.2+0.106%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.243%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,768.3+0.110%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,766.7+0.051%$22.3M—200xas long as short
Bullet ETH-USD+0.0018%1h2,765.5+0.008%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,767.4+0.078%$1.71B$11.14B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0028%1h2,766.6+0.048%$55.1M$188.0M40xas long as short
Aster ETHUSDT+0.0043%8h2,767+0.062%$256.2M$885.8M200xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,766.3+0.038%$12.7M—200xas long as short
Aevo ETH-PERP+0.0056%1h2,765.9+0.023%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0057%8h2,767.2+0.070%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0058%8h2,767.3+0.072%$6.47B$16.26B150xas long as short
Gate ETH_USDT+0.0062%8h2,767.5+0.080%$3.38B$9.06B200xas long as short
Aftermath Perps ETHUSD+0.0069%1h2,770+0.170%$31K$21K20xas long as short
Bitget ETHUSDT+0.0076%8h2,767.5+0.081%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,769+0.135%$60.3M$4.42B50xas long as short
Vest ETH-PERP+0.0081%1h2,764.7−0.020%—$876K50xas long as short
HTX ETH-USDT+0.0086%8h2,767+0.063%$1.07B$1.25B200xas long as short
KuCoin ETHUSDTM+0.0086%8h2,767.8+0.093%$420.5M$604.6M100xas long as short
Lighter ETH+0.0096%1h2,768+0.100%$114.9M$459.0M50xas long as short
Lighter RH ETH+0.0096%1h2,769.9+0.169%$25.6M$111.8M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2+0.106%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERPshort+0.0099%8h2,770.6+0.193%$15.9M$8.5M50x
Katana Perps ETH-USD+0.0100%8h2,768+0.099%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,763−0.080%$14.6M$113.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.7+0.196%$3.16B$2.19B25xas long as short
Pacifica ETH+0.0100%1h2,768.1+0.103%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767.4+0.078%$2.51B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.9+0.059%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.7+0.122%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5−0.063%$172.0M$292.0M25xas long as short
BingX ETH-USDT+0.0100%8h2,767.3+0.075%—$1.20B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,767.7+0.089%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.119%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.1+0.102%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8+0.127%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,767.9+0.095%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,764.4−0.031%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.7+0.089%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,768.7+0.124%$42.5M$28.9M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,765.3long leg$969K$13.0M100x
Phemex ETHUSDT+0.0100%8h2,767.8+0.093%$269.4M$67.3M150xas long as short
Extended ETH-USD+0.0104%1h2,766.7+0.053%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,765.8+0.018%—$36.1M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,765.7+0.016%$8.1M$677.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,769.2+0.140%$97.8M$320.5M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,769.3+0.145%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0155%8h2,769.8+0.162%$32.6M$11.1M100xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,768.8+0.126%$259.1M$203.4M50xas long as short
BloFin ETH-USDT+0.0180%8h2,763.6−0.062%$287.3M$178.3M150xas long as short
Reya ETHRUSDPERP+0.0213%1h2,764.4−0.032%$7.3M$1.1M25xas long as short