Funding you earn now, next payment 22:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.035%
Price spread now: Paradex against Lighter−0.046%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
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paradex is 0.046% cheaper against Lighter than usual: you would sell low and buy high (−$5 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 | Lighter ETHFI | 0.7138 | 0.0096 | pay 0.0012% / 1h | 29m 24s | $1.1M | $891K | 5x |
| Short | Paradex ETHFI-USD-PERP | 0.7135 | 0.0033 | get 0.0033% / 8h | 2h 29m | $6K | — | 5x |
Lighter ETHFI
Paradex ETHFI-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Lighter. 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
- −$13.16
- Price spread: −0.046% → 0.000%
- −$4.55
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$21.71
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Lighter: 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 Lighter live order book, 1 min ago | 9.39 bp | 20.0 bp −$20 | 89.4 bp −$894 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.1020% | 1h | 0.7077 | −0.862% | $41K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0216% | 1h | 0.7075 | −0.895% | $273K | $136K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0161% | 4h | 0.7074 | −0.904% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0094% | 4h | 0.7121 | −0.245% | $83K | $164K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0026% | 4h | 0.7073 | −0.918% | $6.0M | $5.6M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.422% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERPshort | +0.0033% | 8h | 0.7135 | −0.046% | $6K | — | 5x | |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7072 | −0.931% | $92K | $495K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0088% | 4h | 0.7068 | −0.988% | $15.2M | $3.7M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0090% | 4h | 0.7076 | −0.876% | $24.7M | $36.4M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Bitget ETHFIUSDT
Injective ETHFI/USDC PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFIlong | +0.0096% | 1h | 0.7138 | long leg | $1.1M | $891K | 5x | |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7125 | −0.187% | $1.0M | $718K | — | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7076 | −0.876% | $18.6M | $8.3M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7107 | −0.437% | $182K | $251K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7078 | −0.848% | $18.1M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7081 | −0.805% | $4.9M | $12.1M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7077 | −0.862% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7092 | −0.651% | $1.2M | $269K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7073 | −0.918% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7090 | −0.679% | $57K | $82K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7085 | −0.749% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7077 | −0.859% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7142 | +0.049% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0329% | 4h | 0.7118 | −0.287% | $1.3M | $292K | 75x | as long as short |
Variational Omni ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT