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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 0.000%
Price spread now: Paradex against Variational Omni−0.069%7-day average +0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.005%$0 on $10k
Price spread, last 7 days+0.117%+$12 · spread now −0.069%, 7d avg +0.045%
Together, before fees+0.122%+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm board+$12 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 0.115% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,775.80.0100pay 0.0100% / 8h32m 27s$147.4M$335.8M—
ShortParadex ETH-USD-PERP2,773.80.0099get 0.0099% / 8h32m 27s$15.9M$10.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Variational Omni. 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
−$0.13
Price spread: −0.069% → +0.045%
−$11.45
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$15.58
Costs to cover
0.040%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Paradex: live order book, 2 min ago. 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 Variational Omni RFQ quote, 2 min ago0.56 bpdoesn't fit0.7 bp −$72.9 bp −$294doesn't fit
Sell Paradex live order book, 2 min ago83.96 bp86.0 bp −$8686.0 bp −$860doesn'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%43m2,774.3−0.054%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,774.9−0.031%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.221%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.5−0.045%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0049%1h2,775.4−0.014%$8.9M$32.8M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,775.2−0.020%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.6−0.040%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,778.6+0.102%$879K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.3−0.015%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0011%1h2,777.2+0.051%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,774.5−0.047%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,774−0.063%$1.70B$11.87B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,775.2−0.020%$12.9M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,774.3−0.052%$270.4M$69.0M150xas long as short
Aster ETHUSDT+0.0034%8h2,774.4−0.050%$256.5M$1.00B200xas long as short
Bullet ETH-USD+0.0048%1h2,774.4−0.047%$182K$1.7M20xas long as short
SoDEX ETH-USD+0.0049%1h2,774.3−0.052%$55.2M$229.1M40xas long as short
MEXC ETH_USDT+0.0061%8h2,774.4−0.048%$1.60B$2.64B500xas long as short
Binance ETHUSDT+0.0062%8h2,774.5−0.047%$6.46B$17.28B150xas long as short
Aevo ETH-PERP+0.0064%1h2,771.4−0.157%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0067%8h2,773.9−0.068%$2.10B$3.10B150xas long as short
Deribit ETH-PERPETUAL+0.0067%1h2,775.8+0.002%$259.0M$222.3M50xas long as short
Gate ETH_USDT+0.0072%8h2,774.7−0.039%$3.29B$9.64B200xas long as short
KuCoin ETHUSDTM+0.0087%8h2,774.8−0.035%$421.7M$739.2M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,775.3−0.018%$60.0M$4.60B50xas long as short
Bybit ETHUSDT+0.0091%8h2,774.3−0.054%$2.51B$4.62B150xas long as short
Vest ETH-PERP+0.0095%1h2,775.1−0.025%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,774.2−0.056%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,775.3−0.015%$116.0M$497.5M50xas long as short
Lighter RH ETH+0.0096%1h2,776.4+0.021%$25.3M$121.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,774.8−0.033%—$42.0M500xas long as short
Paradex ETH-USD-PERPshort+0.0099%8h2,773.8−0.069%$15.9M$10.2M50x
Katana Perps ETH-USD+0.0100%8h2,774.7−0.038%$478K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,774.8−0.034%$14.4M$118.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.9+0.041%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,775.1−0.024%$31.2M$310.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.3−0.052%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.9+0.006%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.076%$167.7M$256.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.2−0.058%$15.1M$44.5M50xas long as short
Variational Omni ETHlong+0.0100%8h2,775.8long leg$147.4M$335.8M—
edgeX ETHUSDC+0.0100%4h2,776.7+0.035%$182.3M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5+0.027%$161.4M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,775.4−0.013%$21.5M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,775.2−0.020%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,775.1−0.024%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,776.4+0.023%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.3−0.054%$972K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,774.3−0.051%$32.7M$78.0M50xas long as short
Kalshi KXETHPERP+0.0117%8h2,775−0.027%$8.3M$684.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,775.1−0.022%$86.5M$333.5M100xas long as short
Orderly PERP_ETH_USDC+0.0140%8h2,777+0.046%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,774−0.064%$286.4M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0201%1h2,774.6−0.043%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,775.4−0.014%$252K$1.6M20xas long as short