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+0.0079%/8h= +8.7% APRpaid last 24h −0.010%
Price spread now: Injective against Paradex+1.200%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 +$2 a day on $10k at the current rate, and Injective is 1.200% dearer against Paradex than usual: you sell high and buy low: +$120 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-PERP0.7154−0.0046get 0.0046% / 8h2m 47s$6K5x
ShortInjective ETHFI/USDC PERP0.72400.0033get 0.0004% / 1h2m 47s$321$51K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$16.6
Price spread: +1.200% → 0.000%
$120.05
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$132.63
Costs to cover
0.040%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; Injective: 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 Paradex no order-book sample
Sell Injective no order-book sample
Paradex and Injective: 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−0.0448%1h0.7156+0.026%$41K$13K10xas long as short
HTX ETHFI-USDT−0.0357%4h0.7144−0.141%$83K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0192%4h0.7153−0.016%$16K$1K10xas long as short
Paradex ETHFI-USD-PERPlong−0.0046%8h0.7154long leg$6K5x
Extended ETHFI-USD+0.0016%1h0.7150−0.058%$92K$492K10xas long as short
MEXC ETHFI_USDT+0.0018%4h0.7151−0.044%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0022%4h0.7150−0.056%$24.9M$37.4M75xas long as short
Variational Omni ETHFI+0.0028%4h0.7132−0.316%$1.0M$745Kas long as short
Injective ETHFI/USDC PERPshort+0.0033%1h0.7240+1.200%$321$51K5.5x
BloFin ETHFI-USDT+0.0078%4h0.7151−0.044%$1.2M$282K75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7150−0.054%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7164+0.142%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7160+0.077%$18.0M$9.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7157+0.034%$183K$259K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7152−0.030%$18.1M$13.2M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7156+0.026%$5.0M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7154−0.002%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7154−0.002%$1.2M$269K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7151−0.044%$6.1M$5.8M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7155+0.012%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7158+0.056%$59K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7164+0.138%$1K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+1.159%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0553%1h0.7166+0.171%$275K$163K20xas long as short