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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.036%
Price spread now: KuCoin against Paradex+0.030%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 +$4 a day on $10k at the current rate, and KuCoin is 0.030% dearer against Paradex than usual: you sell high and buy low: +$3 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-PERP0.7189−0.0039get 0.0039% / 8h7h 37m$6K5x
ShortKuCoin ETHFIUSDTM0.71910.0100get 0.0050% / 4h3h 37m$1.2M$270K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$29.23
Price spread: +0.030% → 0.000%
$2.98
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$16.22
Costs to cover
0.160%
Break-even
3.1 days
Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago4.17 bp51.9 bp −$52158.8 bp −$1,588doesn't fitdoesn'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 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
HTX ETHFI-USDT−0.0869%4h0.7177−0.165%$83K$160K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0306%1h0.7191+0.030%$41K$14K10xas long as short
Orderly PERP_ETHFI_USDC−0.0198%4h0.7186−0.040%$16K$1K10xas long as short
Variational Omni ETHFI−0.0057%4h0.7188−0.007%$1.0M$744Kas long as short
Paradex ETHFI-USD-PERPlong−0.0039%8h0.7189long leg$6K5x
Bybit ETHFIUSDT+0.0016%4h0.7186−0.040%$18.2M$13.0M25xas long as short
MEXC ETHFI_USDT+0.0028%4h0.7190+0.016%$15.4M$3.8M125xas long as short
Binance ETHFIUSDT+0.0031%4h0.7187−0.026%$25.1M$37.2M75xas long as short
Extended ETHFI-USD+0.0032%1h0.7183−0.075%$102K$632K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.711%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7185−0.054%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7195+0.091%$1.1M$894K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7197+0.113%$18.1M$8.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7193+0.053%$184K$258K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7194+0.072%$5.0M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7193+0.058%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.7191+0.030%$1.2M$270K50x
Bitget ETHFIUSDT+0.0100%4h0.7187−0.026%$6.1M$5.7M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7189+0.002%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7189−0.001%$71K$116K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7197+0.113%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0126%4h0.7185−0.054%$1.3M$275K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0168%1h0.7237+0.670%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0220%1h0.7198+0.130%$274K$165K20xas long as short