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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.2% APRpaid last 24h 0.000%
Price spread now: Paradex against Arcus+0.145%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$150.155% of the position
Long on ArcusShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.003%$0 on $10k
Price spread, last 7 days−0.129%−$13 · spread now +0.145%, 7d avg +0.025%
Together, before fees−0.126%+ Points / potential airdropParadex: Active · farm board−$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.120% dearer against Arcus than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus ETH-USD2,732.90.0100pay 0.0013% / 1h20m 48s$1.6M$16.2M25x
ShortParadex ETH-USD-PERP2,736.80.0099get 0.0099% / 8h4h 20m$15.5M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Arcus. 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
−$0.31
Price spread: +0.145% → +0.025%
$11.98
Slippage, 4 orders
−$6.96
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$3.79
Costs to cover
0.155%
Break-even
never at this rate
Slippage from Arcus: live order book, 3 min ago; Paradex: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 3 min ago0.02 bp2.3 bp −$22.3 bp −$234.9 bp −$487doesn't fit
Sell Paradex live order book, 3 min ago2.34 bp4.3 bp −$44.3 bp −$43doesn't fitdoesn't fit

ETH on 55 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
Perpl ETH−0.0447%43m2,732.7−0.005%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.049%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734.6+0.064%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.4−0.017%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,733+0.005%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,732.8−0.002%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735+0.079%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732.4−0.016%$28.1M—200xas long as short
Bullet ETH-USD+0.0008%1h2,732−0.031%$178K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735+0.077%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0046%8h2,731.4−0.054%$1.06B$1.20B200xas long as short
BingX ETH-USDT+0.0052%8h2,732.7−0.005%—$1.15B—as long as short
Bybit ETHUSDT+0.0061%8h2,733.3+0.018%$2.39B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0065%8h2,732.3−0.022%$380.0M$574.5M100xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,733.9+0.037%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0074%8h2,731.9−0.035%$265.6M$65.3M150xas long as short
Aster ETHUSDT+0.0086%8h2,733.3+0.016%$251.0M$842.5M200xas long as short
SoDEX ETH-USD+0.0088%1h2,732.5−0.013%$54.4M$187.6M40xas long as short
Binance ETHUSDT+0.0095%8h2,733.5+0.023%$6.35B$15.86B150xas long as short
MEXC ETH_USDT+0.0095%8h2,732.5−0.014%$1.55B$2.56B500xas long as short
Lighter ETH+0.0096%1h2,733.6+0.026%$112.9M$440.1M50xas long as short
Lighter RH ETH+0.0096%1h2,734.8+0.072%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,732.9+0.003%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,729.7−0.116%$4.9M$155K20xas long as short
Paradex ETH-USD-PERPshort+0.0099%8h2,736.8+0.145%$15.5M$8.0M50x
RISEx ETH/USDC+0.0099%1h2,732.6−0.007%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.8−0.038%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,732.2−0.022%$13.7M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,735.9+0.112%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.4+0.057%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.7−0.005%$2.7M$16.7M25xas long as short
Arcus ETH-USDlong+0.0100%1h2,732.9long leg$1.6M$16.2M25x
Gate ETH_USDT+0.0100%8h2,733.5+0.025%$3.34B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733.6+0.027%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.8−0.038%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,731.5−0.051%$133.7M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.1+0.046%$183.9M$671.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.9+0.074%$159.1M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,734.3+0.053%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.7+0.032%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734+0.042%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.2−0.023%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.7+0.033%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.4−0.053%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.072%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,731.7−0.041%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.5+0.024%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,734.7+0.067%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0127%1h2,733.9+0.040%$260.1M$195.7M50xas long as short
Kalshi KXETHPERP+0.0139%8h2,732.5−0.013%$6.8M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,734.4+0.056%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,731.8−0.038%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.1+0.008%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,735.3+0.089%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0381%8h2,732.1−0.027%$282.3M$175.5M150xas long as short