Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h −0.033%
Price spread now: Paradex against Bybit−0.036%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.036% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.6958 | −0.0126 | get 0.0063% / 4h | 0m 30s | $17.1M | $12.9M | 25x |
| Short | Paradex ETHFI-USD-PERP | 0.6955 | −0.0122 | pay 0.0122% / 8h | 0m 30s | $6K | — | 5x |
Bybit ETHFIUSDT
Paradex ETHFI-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.73
- Price spread: −0.036% → 0.000%
- −$3.64
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$17.91
- Costs to cover
- 0.150%
- Break-even
- 179.5 days
Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 0.72 bp | 15.9 bp −$16 | 42.7 bp −$427 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0412% | 4h | 0.6954 | −0.057% | $83K | $149K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0324% | 1h | 0.6967 | +0.129% | $41K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0284% | 4h | 0.6963 | +0.072% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0254% | 4h | 0.6963 | +0.066% | $917K | $785K | — | as long as short |
| Bybit ETHFIUSDTlong | −0.0126% | 4h | 0.6958 | long leg | $17.1M | $12.9M | 25x | |
| Paradex ETHFI-USD-PERPshort | −0.0122% | 8h | 0.6955 | −0.036% | $6K | — | 5x | |
| Binance ETHFIUSDT | −0.0001% | 4h | 0.6955 | −0.043% | $24.3M | $36.0M | 75x | as long as short |
| Extended ETHFI-USD | 0.0000% | 1h | 0.6954 | −0.056% | $95K | $507K | 10x | as long as short |
| MEXC ETHFI_USDT | 0.0000% | 4h | 0.6956 | −0.029% | $15.7M | $4.2M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.053% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6965 | +0.101% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6967 | +0.129% | $1.1M | $833K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6963 | +0.069% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6961 | +0.043% | $178K | $224K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6960 | +0.029% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6966 | +0.115% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6965 | +0.101% | $1.2M | $217K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6966 | +0.115% | $6.1M | $4.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6960 | +0.029% | — | $10.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6966 | +0.115% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6956 | −0.029% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0239% | 4h | 0.6953 | −0.072% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0272% | 1h | 0.6990 | +0.460% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0820% | 1h | 0.6975 | +0.240% | $291K | $283K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD