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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.030%
Price spread now: BingX against Paradex+0.023%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 +$1 a day on $10k at the current rate, and BingX is 0.023% dearer against Paradex than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETHFI-USD-PERP0.71340.0063pay 0.0063% / 8h6h 05m$6K5x
ShortBingX ETHFI-USDC0.71360.0100get 0.0050% / 4h2h 05m$1.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Paradex. 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
$7.81
Price spread: +0.023% → 0.000%
$2.29
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$3.9
Costs to cover
0.140%
Break-even
10.5 days
Slippage unknown: Paradex: no order-book sample; BingX: live order book, 5 min ago. 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 Paradex no order-book sample
Sell BingX live order book, 5 min ago2.09 bp28.4 bp −$2899.0 bp −$990564.1 bp −$56.4K711.5 bp −$355.7K
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 23 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−0.0450%1h0.7139+0.065%$40K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0202%4h0.7138+0.051%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0106%4h0.7135+0.009%$88K$168K20xas long as short
Variational Omni ETHFI+0.0030%4h0.7139+0.061%$1.1M$717Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.481%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERPlong+0.0063%8h0.7134long leg$6K5x
Lighter ETHFI+0.0096%1h0.7147+0.181%$1.1M$888K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7147+0.184%$17.9M$8.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7143+0.121%$182K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7133−0.019%$24.8M$36.0M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7145+0.149%$18.0M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7150+0.219%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7139+0.065%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7137+0.037%$15.4M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7135+0.009%$1.2M$258K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7138+0.051%$6.1M$5.4M75xas long as short
BingX ETHFI-USDCshort+0.0100%4h0.7136+0.023%$1.2M
Polymarket Perps ETHFI-USD+0.0100%1h0.7166+0.446%$71K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7140+0.079%$1K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7131−0.046%$97K$376K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7135+0.009%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7253+1.663%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0227%1h0.7148+0.194%$274K$188K20xas long as short