Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.011%
Price spread now: Paradex against Variational Omni−0.109%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.109% cheaper against Variational Omni than usual: you would sell low and buy high (−$11 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 | Variational Omni ETHFI | 0.7225 | 0.0077 | pay 0.0038% / 4h | 2h 45m | $1.1M | $709K | — |
| Short | Paradex ETHFI-USD-PERP | 0.7217 | 0.0042 | get 0.0042% / 8h | 2h 45m | $6K | — | 5x |
Variational Omni ETHFI
Paradex ETHFI-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Variational Omni. 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
- −$7.31
- Price spread: −0.109% → 0.000%
- −$10.91
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$22.21
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago | 3.46 bp | doesn't fit | 47.7 bp −$477 | 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 | −0.0718% | 1h | 0.7221 | −0.049% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0211% | 1h | 0.7229 | +0.056% | $281K | $131K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0150% | 4h | 0.7218 | −0.090% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0115% | 4h | 0.7211 | −0.187% | $84K | $151K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0002% | 4h | 0.7216 | −0.118% | $6.2M | $5.5M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.214% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERPshort | +0.0042% | 8h | 0.7217 | −0.109% | $6K | — | 5x | |
| Variational Omni ETHFIlong | +0.0077% | 4h | 0.7225 | long leg | $1.1M | $709K | — | |
| Lighter ETHFI | +0.0096% | 1h | 0.7222 | −0.035% | $1.1M | $884K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7230 | +0.074% | $19.7M | $7.4M | 5x | 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
Lighter ETHFI
Hyperliquid ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7220 | −0.060% | $184K | $238K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7217 | −0.102% | $25.5M | $35.5M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7222 | −0.035% | $18.6M | $12.3M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7220 | −0.063% | $4.9M | $12.0M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7223 | −0.021% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7217 | −0.104% | $15.3M | $3.6M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7219 | −0.077% | $1.2M | $269K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7219 | −0.077% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7231 | +0.085% | $57K | $81K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7226 | +0.020% | $2K | $1.0M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7216 | −0.112% | $101K | $488K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7215 | −0.132% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7268 | +0.602% | $32K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7212 | −0.174% | $1.3M | $289K | 75x | as long as short |
Aster ETHFIUSDT
Binance ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT