Funding you earn now, next payment 12:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.047%
Price spread now: Paradex against Kraken Futures−0.230%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
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Paradex is 0.230% cheaper against Kraken Futures than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETHFIUSD | 0.6927 | 0.0204 | pay 0.0025% / 1h | 50m 28s | $302K | $303K | 20x |
| Short | Paradex ETHFI-USD-PERP | 0.6911 | −0.0156 | pay 0.0156% / 8h | 4h 50m | $6K | — | 5x |
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Kraken Futures. 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
- −$75.63
- Price spread: −0.230% → 0.000%
- −$23.05
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$112.68
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 55 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 Kraken Futures live order book, 55 min ago | 6.47 bp | 38.9 bp −$39 | 144.8 bp −$1,448 | 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 exchanges
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 | −0.0617% | 1h | 0.6911 | −0.236% | $42K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0326% | 4h | 0.6908 | −0.280% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0321% | 4h | 0.6908 | −0.284% | $875K | $733K | — | as long as short |
| Bybit ETHFIUSDT | −0.0157% | 4h | 0.6930 | +0.038% | $16.9M | $11.9M | 25x | as long as short |
| Paradex ETHFI-USD-PERPshort | −0.0156% | 8h | 0.6911 | −0.230% | $6K | — | 5x | |
| Binance ETHFIUSDT | −0.0018% | 4h | 0.6930 | +0.038% | $24.2M | $31.7M | 75x | as long as short |
| Extended ETHFI-USD | −0.0016% | 1h | 0.6913 | −0.212% | $111K | $871K | 10x | as long as short |
| MEXC ETHFI_USDT | −0.0016% | 4h | 0.6914 | −0.193% | $15.5M | $3.9M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.513% | $321 | $51K | 5.5x | as long as short |
| HTX ETHFI-USDT | +0.0036% | 4h | 0.6908 | −0.280% | $83K | $114K | 20x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Bybit ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Injective ETHFI/USDC PERP
HTX ETHFI-USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6905 | −0.322% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6920 | −0.109% | $1.1M | $718K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6920 | −0.105% | $16.5M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6928 | +0.006% | $180K | $163K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6935 | +0.110% | $5.2M | $11.9M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6915 | −0.179% | $1.7M | $1.7M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6919 | −0.121% | $1.2M | $181K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6920 | −0.107% | $6.2M | $3.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6916 | −0.164% | — | $11.3M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6913 | −0.212% | $47K | $199K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6917 | −0.150% | $2K | $1.0M | 20x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.0204% | 1h | 0.6927 | long leg | $302K | $303K | 20x | |
| BloFin ETHFI-USDT | +0.0222% | 4h | 0.6909 | −0.265% | $1.2M | $230K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.6937 | +0.139% | $35K | $10K | 50x | 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