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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: Paradex against BingX+0.155%7-day average +0.058% · 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−$7as in the Price arb table
costs, in and out, $10k−$170.170% of the position
Long on BingXShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.065%+$6 on $10k
Price spread, last 7 days−0.109%−$11 · spread now +0.155%, 7d avg +0.058%
Together, before fees−0.044%+ Points / potential airdropParadex: Active · farm board−$4 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 0.097% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.058%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDT2,748.50.0100pay 0.0100% / 8h7h 00m—$990.1M—
ShortParadex ETH-USD-PERP2,752.70.0100get 0.0100% / 8h7h 00m$15.7M$6.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.02
Price spread: +0.155% → +0.058%
$9.66
Slippage, 4 orders
−$2.98
Fee BingX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$7.33
Costs to cover
0.170%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Paradex: live order book, 4 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 BingX live order book, 4 min ago0.04 bp5.0 bp −$55.2 bp −$525.9 bp −$5906.2 bp −$3,090
Sell Paradex live order book, 4 min ago1.45 bp3.5 bp −$35.2 bp −$52doesn't fitdoesn't fit

ETH on 54 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
Hotstuff ETH-PERP−0.0080%1h2,747.7−0.027%$5K$1K50xas long as short
Bybit ETHUSDT−0.0035%8h2,748.4−0.001%$2.36B$4.14B150xas long as short
Hibachi ETH/USDT-P−0.0024%1h2,749.6+0.043%$236K$1.3M20xas long as short
Phoenix ETH−0.0012%1h2,751.4+0.107%$814K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,748.9+0.015%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,749+0.019%$11.1M$41.5M50xas long as short
Kalshi KXETHPERP0.0000%8h2,748.9+0.016%$6.8M$664.3M4.9xas long as short
Perpl ETH0.0000%43m2,749.2+0.027%$273K$5.3M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,749.8+0.048%$33.2M—200xas long as short
Phemex ETHUSDT+0.0010%8h2,749.4+0.033%$264.6M$59.4M150xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,749.4+0.035%$182K$927K50xas long as short
Deribit ETH-PERPETUAL+0.0026%1h2,750.9+0.088%$266.4M$209.6M50xas long as short
Gate ETH_USDT+0.0042%8h2,748.6+0.004%$3.28B$8.58B200xas long as short
OKX ETH-USDT-SWAP+0.0069%8h2,748.5+0.001%$1.67B$10.21B100xas long as short
Aster ETHUSDT+0.0072%8h2,748.7+0.010%$253.6M$796.7M200xas long as short
ApeX Omni ETHUSDT+0.0075%1h2,751.7+0.119%$8.4M$30.4M100xas long as short
Aevo ETH-PERP+0.0080%1h2,747.2−0.044%$4.9M$200K20xas long as short
Binance ETHUSDT+0.0081%8h2,748.8+0.014%$6.40B$15.44B150xas long as short
MEXC ETH_USDT+0.0081%8h2,749.1+0.024%$1.58B$2.63B500xas long as short
HTX ETH-USDT+0.0081%8h2,749.5+0.036%$1.05B$1.16B200xas long as short
KuCoin ETHUSDTM+0.0089%8h2,749.5+0.037%$368.1M$482.4M100xas long as short
SoDEX ETH-USD+0.0095%1h2,749.6+0.042%$54.8M$160.1M40xas long as short
Lighter ETH+0.0096%1h2,749.8+0.048%$113.6M$411.9M50xas long as short
Lighter RH ETH+0.0096%1h2,751.2+0.101%$24.8M$100.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,748.9+0.015%—$24.7M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,749+0.020%$504K$3.6M50xas long as short
Paradex ETH-USD-PERPshort+0.0100%8h2,752.7+0.155%$15.7M$6.5M50x
Nado ETH-PERP+0.0100%1h2,747.7−0.028%$14.6M$100.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,750.8+0.086%$3.13B$1.94B25xas long as short
Pacifica ETH+0.0100%1h2,748.9+0.016%$32.1M$327.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,747.9−0.020%$2.8M$15.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.4+0.035%$1.5M$15.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,751.4+0.106%$166.7M$340.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,748.8+0.013%$2.11B$2.55B150xas long as short
BingX ETH-USDTlong+0.0100%8h2,748.5long leg—$990.1M—
Backpack ETH_USDC_PERP+0.0100%1h2,749.1+0.022%$15.0M$37.7M50xas long as short
Variational Omni ETH+0.0100%8h2,746.4−0.074%$131.8M$307.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,752.5+0.146%$186.5M$693.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,751.4+0.109%$160.0M$73.8M50xas long as short
StandX ETH-USD+0.0100%1h2,750+0.056%$21.1M$72.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,750.7+0.082%—$409K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,750.3+0.067%$11.3M$9.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,749.4+0.033%$177K$1.7M20xas long as short
SunX ETH-USDT+0.0100%8h2,749+0.018%$947K$10.0M100xas long as short
Extended ETH-USD+0.0104%1h2,748.7+0.009%$30.4M$68.6M50xas long as short
Kraken Futures PF_ETHUSD+0.0104%1h2,750.5+0.074%$82.7M$291.0M100xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,749.9+0.052%$30K$12K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,750.6+0.077%$45.7M$4.12B50xas long as short
RISEx ETH/USDC+0.0137%1h2,749.6+0.042%$5.6M$11.3M25xas long as short
Reya ETHRUSDPERP+0.0167%1h2,747.3−0.041%$7.3M$885K25xas long as short
Orderly PERP_ETH_USDC+0.0181%8h2,752.1+0.131%$32.4M$10.4M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,753.6+0.187%$122K$23.9M52xas long as short
BloFin ETH-USDT+0.0260%8h2,748−0.015%$282.1M$169.9M150xas long as short
Bluefin ETH-PERP+0.0541%1h2,749.6+0.041%$20K$15K25xas long as short