Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h −0.095%

Price spread now: Paradex against BloFin+0.143%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Paradex

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.143% dearer against BloFin than usual: you sell high and buy low (spread +0.143% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ETHFI-USDT	0.7013	0.0340	pay 0.0170% / 4h	46m 14s	$1.2M	$243K	75x
Short	Paradex ETHFI-USD-PERP	0.7023	0.0063	get 0.0063% / 8h	4h 46m	$6K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee ParadexbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$58.19
Price spread: +0.143% → 0.000%: $14.27
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$59.92
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 1 min ago	2.85 bp	13.9 bp −$14	23.0 bp −$230	86.3 bp −$8,628	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETHFI_USDC-PERPETUAL	−0.0603%	1h	0.7026	+0.185%	$40K	$12K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0213%	4h	0.7023	+0.143%	$16K	$1K	10x	as long as short
HTX ETHFI-USDT	−0.0136%	4h	0.7009	−0.057%	$87K	$168K	20x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+3.237%	$321	$51K	5.5x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0044%	1h	0.7032	+0.271%	$263K	$213K	20x	as long as short
Paradex ETHFI-USD-PERPshort	+0.0063%	8h	0.7023	+0.143%	$6K	—	5x
Lighter ETHFI	+0.0096%	1h	0.7029	+0.225%	$1.1M	$878K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7025	+0.171%	$17.4M	$8.0M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7032	+0.268%	$180K	$261K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	0.7019	+0.082%	$24.4M	$35.6M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHFIUSDT	+0.0100%	4h	0.7025	+0.171%	$17.6M	$12.6M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7030	+0.242%	$5.0M	$12.2M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7026	+0.185%	$1.7M	$1.9M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	0.7020	+0.100%	$15.6M	$4.0M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7023	+0.143%	$1.2M	$244K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7023	+0.143%	$6.0M	$5.2M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7025	+0.171%	—	$26.0M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7039	+0.375%	$1.0M	$699K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7039	+0.372%	$70K	$118K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7028	+0.214%	$2K	$1.1M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	0.7018	+0.074%	$95K	$378K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7020	+0.103%	$8K	—	3x	as long as short
BloFin ETHFI-USDTlong	+0.0340%	4h	0.7013	long leg	$1.2M	$243K	75x
Coinbase International ETHFI-PERP-INTX	+0.0624%	1h	0.7019	+0.086%	$31K	$6K	50x	as long as short