Funding you earn now, next payment 04:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.033%
Price spread now: Gate against Paradex−0.250%45s7-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 pays, the price is against you. Gate is 0.250% cheaper against Paradex than usual: you would sell low and buy high (spread −0.250% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 21 days of funding at the current rate (+$1 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex ETHFI-USD-PERP | 0.7171 | 0.0061 | pay 0.0061% / 8h | 6h 07m | $6K | — | 5x |
| Short | Gate ETHFI_USDT | 0.7153 | 0.0100 | get 0.0050% / 4h | 2h 07m | $1.7M | $2.0M | 75x |
Paradex ETHFI-USD-PERP
Gate ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Paradex. 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
- $8.2
- Price spread: −0.250% → 0.000%
- −$25
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$35.79
- Costs to cover
- 0.190%
- Break-even
- 37.5 days
Slippage unknown: Paradex: no order-book sample; Gate: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Paradex no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 5 min ago | 2.08 bp | 27.5 bp −$28 | 192.0 bp −$1,920 | doesn't fit | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0307% | 1h | 0.7177 | +0.085% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0203% | 4h | 0.7172 | +0.015% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0124% | 4h | 0.7172 | +0.015% | $88K | $168K | 20x | as long as short |
| Variational Omni ETHFI | +0.0012% | 4h | 0.7203 | +0.444% | $1.1M | $717K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.963% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERPlong | +0.0061% | 8h | 0.7171 | long leg | $6K | — | 5x | |
| Lighter ETHFI | +0.0096% | 1h | 0.7181 | +0.145% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7156 | −0.215% | $17.9M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7171 | −0.004% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7147 | −0.329% | $24.9M | $36.1M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7155 | −0.222% | $18.0M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7156 | −0.208% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDTshort | +0.0100% | 4h | 0.7153 | −0.250% | $1.7M | $2.0M | 75x | |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7149 | −0.306% | $15.5M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7170 | −0.013% | $1.2M | $256K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7146 | −0.348% | $6.1M | $5.4M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7151 | −0.278% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7198 | +0.383% | $72K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7174 | +0.043% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7153 | −0.244% | $97K | $376K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7171 | +0.002% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7253 | +1.145% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0226% | 1h | 0.7181 | +0.135% | $275K | $187K | 20x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD