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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h −0.006%
Price spread now: Paradex against Bitget−0.019%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHFIUSDT0.72130.0008pay 0.0004% / 4h2h 51m$6.2M$5.5M75x
ShortParadex ETHFI-USD-PERP0.72120.0034get 0.0034% / 8h2h 51m$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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
$5.56
Price spread: −0.019% → 0.000%
−$1.87
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$12.31
Costs to cover
0.160%
Break-even
22.5 days
Slippage unknown: Bitget: live order book, 2 min ago; Paradex: no order-book sample. 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 Bitget live order book, 2 min ago1.38 bp12.9 bp −$1332.5 bp −$325doesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETHFI on 24 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
Deribit ETHFI_USDC-PERPETUAL−0.0717%1h0.7230+0.236%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0211%1h0.7236+0.312%$282K$131K20xas long as short
Orderly PERP_ETHFI_USDC−0.0147%4h0.7228+0.208%$17K$1K10xas long as short
HTX ETHFI-USDT−0.0011%4h0.7220+0.097%$84K$151K20xas long as short
Bitget ETHFIUSDTlong+0.0008%4h0.7213long leg$6.2M$5.5M75x
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.374%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERPshort+0.0034%8h0.7212−0.019%$6K5x
Variational Omni ETHFI+0.0042%4h0.7242+0.402%$1.1M$711Kas long as short
Lighter ETHFI+0.0096%1h0.7219+0.083%$1.1M$881K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7228+0.214%$19.7M$7.4M5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ETHFIUSDT+0.0100%4h0.7228+0.205%$184K$237K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.72130.000%$25.4M$35.6M75xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7219+0.083%$18.6M$12.4M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7219+0.083%$4.9M$12.0M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7222+0.125%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7216+0.042%$15.3M$3.6M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7218+0.069%$1.2M$269K50xas long as short
BingX ETHFI-USDC+0.0100%4h0.7220+0.097%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7228+0.202%$57K$81K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7233+0.277%$2K$1.0M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7210−0.048%$101K$488K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7225+0.166%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0152%1h0.7268+0.763%$32K$9K50xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7235+0.305%$1.3M$291K75xas long as short