ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.41 per $10,000 · paid last 24h +0.004%

Price spread now: Paradex against Binance−0.030%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$204as in the Price arb table

costs, in and out, $10k−$1961.958% of the position

Long on Binance Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 7 days+0.065%+$7 · spread now −0.030%, 7d avg +0.050%

Together, before fees+0.085%+ Points / potential airdropParadex: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paradex is 0.080% cheaper against Binance than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.050%). If the spread goes back, that is −$8 on $10k: about 6.5 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.020% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ETHUSDT	2,769.7	0.0058	pay 0.0058% / 8h	21m 31s	$6.45B	$17.31B	150x
Short	Paradex ETH-USD-PERP	2,768.8	0.0099	get 0.0099% / 8h	21m 31s	$15.9M	$10.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee ParadexbpOrdersPrice spread, now −0.030%Rate

Funding earned: $8.69
Price spread: −0.030% → +0.050%: −$8.03
Slippage, 4 orders: −$181.79
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$195.13
Costs to cover: 1.958%
Break-even: 164.2 days

Slippage from Binance: live order book, 8 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 8 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	5.7 bp −$566	7.9 bp −$3,955
Sell Paradex live order book, 3 min ago	90.88 bp	92.9 bp −$93	92.9 bp −$929	doesn't fit	doesn't fit

ETH on 55 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
Perpl ETH	−0.0223%	43m	2,770.1	+0.017%	$286K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,769.6	−0.004%	$5.6M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,781.9	+0.442%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769.4	−0.010%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0043%	1h	2,766.6	−0.113%	$8.8M	$32.9M	100x	as long as short
01 Exchange ETHUSD	−0.0008%	1h	2,770.7	+0.037%	$168K	$1.2M	50x	as long as short
dYdX ETH-USD	0.0000%	1h	2,769.9	+0.010%	$12.7M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,769.9	+0.008%	$876K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.4	+0.100%	$22.4M	—	200x	as long as short
BingX ETH-USDC	+0.0016%	8h	2,769	−0.024%	—	$17.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0022%	8h	2,769.1	−0.019%	$1.70B	$11.87B	100x	as long as short
Aftermath Perps ETHUSD	+0.0023%	1h	2,771.4	+0.061%	$29K	$22K	20x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,772.3	+0.094%	$12.8M	—	200x	as long as short
Aster ETHUSDT	+0.0030%	8h	2,770.1	+0.014%	$255.6M	$1.00B	200x	as long as short
SoDEX ETH-USD	+0.0034%	1h	2,770.6	+0.034%	$55.2M	$229.0M	40x	as long as short
Phemex ETHUSDT	+0.0035%	8h	2,771.2	+0.056%	$270.3M	$68.9M	150x	as long as short
Bullet ETH-USD	+0.0045%	1h	2,769.2	−0.018%	$182K	$1.7M	20x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,768.7	−0.036%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0057%	8h	2,769.3	−0.015%	$1.61B	$2.66B	500x	as long as short
Binance ETHUSDTlong	+0.0058%	8h	2,769.7	long leg	$6.45B	$17.31B	150x
Bitget ETHUSDT	+0.0066%	8h	2,769.3	−0.014%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0069%	8h	2,769.2	−0.016%	$3.28B	$9.67B	200x	as long as short
KuCoin ETHUSDTM	+0.0082%	8h	2,770.1	+0.017%	$420.9M	$739.6M	100x	as long as short
Bybit ETHUSDT	+0.0088%	8h	2,769.7	+0.002%	$2.50B	$4.63B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,772.4	+0.097%	$60.1M	$4.59B	50x	as long as short
Vest ETH-PERP	+0.0094%	1h	2,770.1	+0.017%	—	$1.1M	50x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,770.8	+0.042%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,769.9	+0.007%	$115.1M	$499.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,771.5	+0.064%	$25.3M	$121.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,769.7	+0.002%	—	$43.4M	500x	as long as short
Paradex ETH-USD-PERPshort	+0.0099%	8h	2,768.8	−0.030%	$15.9M	$10.1M	50x
Katana Perps ETH-USD	+0.0100%	8h	2,769.4	−0.010%	$476K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,769.1	−0.022%	$14.3M	$118.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,771.7	+0.073%	$3.18B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,770.1	+0.015%	$31.2M	$312.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.5	−0.006%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,770.5	+0.029%	$2.7M	$17.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,772.9	+0.117%	$167.0M	$259.0M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.3	+0.057%	$15.1M	$44.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.3	+0.024%	$147.5M	$336.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,766.1	−0.128%	$181.6M	$784.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,767.9	−0.063%	$161.0M	$89.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,767.1	−0.093%	$21.4M	$58.6M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,769.8	+0.005%	$10.7M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.8	+0.076%	$21K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771.8	+0.077%	$972K	$13.9M	100x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773.5	+0.138%	$42.7M	$29.4M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.6	−0.040%	$32.5M	$78.2M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0107%	1h	2,772.5	+0.101%	$259.0M	$222.4M	50x	as long as short
Kalshi KXETHPERP	+0.0113%	8h	2,770.9	+0.044%	$8.3M	$687.1M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,772	+0.083%	$88.8M	$337.1M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0141%	8h	2,773.9	+0.152%	$32.6M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0178%	8h	2,768.9	−0.027%	$287.2M	$194.3M	150x	as long as short
Reya ETHRUSDPERP	+0.0203%	1h	2,769	−0.024%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0224%	1h	2,772.9	+0.115%	$251K	$1.6M	20x	as long as short