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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0357%/8h= +39.1% APRpaid last 24h −0.002%
Price spread now: Paradex against HTX+0.082%7-day average · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Paradex is 0.082% dearer against HTX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETHFI-USDT0.7210−0.0316get 0.0158% / 4h56m 16s$84K$164K20x
ShortParadex ETHFI-USD-PERP0.72160.0041get 0.0041% / 8h56m 16s$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against HTX. 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
$75.07
Price spread: +0.082% → 0.000%
$8.17
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
$67.24
Costs to cover
0.160%
Break-even
0.7 days
Slippage unknown: HTX: live order book, 20 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 HTX live order book, 20 min ago13.29 bp22.2 bp −$22doesn't fitdoesn'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−0.0442%1h0.7225+0.208%$42K$18K10xas long as short
HTX ETHFI-USDTlong−0.0316%4h0.7210long leg$84K$164K20x
Orderly PERP_ETHFI_USDC−0.0193%4h0.7223+0.180%$17K$1K10xas long as short
MEXC ETHFI_USDT+0.0026%4h0.7220+0.139%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0029%4h0.7222+0.162%$25.0M$37.3M75xas long as short
Extended ETHFI-USD+0.0032%1h0.7220+0.139%$93K$493K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.416%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERPshort+0.0041%8h0.7216+0.082%$6K5x
Aster ETHFIUSDT+0.0076%4h0.7225+0.208%$185K$259K10xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7231+0.285%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7228+0.257%$1.1M$893K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7230+0.275%$18.3M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7227+0.236%$18.4M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7228+0.250%$4.9M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7227+0.236%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7223+0.180%$1.2M$273K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7222+0.166%$6.2M$5.8M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7225+0.208%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7199−0.152%$1.0M$755Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7229+0.269%$60K$93K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7217+0.097%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0106%4h0.7219+0.125%$1.3M$293K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7228+0.250%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0548%1h0.7228+0.256%$279K$158K20xas long as short