ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0283%/8h= +30.9% APRnext payment +$2.83 per $10,000 · paid last 24h −0.029%

Price spread now: Paradex against BloFin+0.136%7-day average +0.104% · 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−$18as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on BloFin Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.105%−$11 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.136%, 7d avg +0.104%

Together, before fees−0.083%+ Points / potential airdropParadex: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Paradex is 0.032% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.104%. Mind the row above: over the last 4 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.105% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ETH-USDT	2,725	−0.0183	get 0.0183% / 8h	12m 36s	$280.8M	$177.5M	150x
Short	Paradex ETH-USD-PERP	2,728.7	0.0100	get 0.0100% / 8h	12m 36s	$15.4M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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 BloFinbpFee ParadexbpOrdersPrice spread, now +0.136%Rate

Funding earned: $59.35
Price spread: +0.136% → +0.104%: $3.19
Slippage, 4 orders: −$4.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $41.85
Costs to cover: 0.207%
Break-even: 2.1 days

Slippage from BloFin: live order book, 7 min ago; Paradex: live order book, 2 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 BloFin live order book, 7 min ago	0.04 bp	6.0 bp −$6	6.0 bp −$60	7.0 bp −$702	9.0 bp −$4,479
Sell Paradex live order book, 2 min ago	2.31 bp	4.3 bp −$4	4.3 bp −$43	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	−0.0447%	43m	2,724.7	−0.012%	$274K	$5.7M	8.3x	as long as short
BloFin ETH-USDTlong	−0.0183%	8h	2,725	long leg	$280.8M	$177.5M	150x
Hotstuff ETH-PERP	−0.0080%	1h	2,724.3	−0.026%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0015%	1h	2,725.4	+0.014%	$808K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,724.5	−0.018%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,724.9	−0.004%	$10.5M	$41.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,725.9	+0.033%	$6.7M	$676.5M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,725.7	+0.025%	$263.5M	$213.7M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,725.8	+0.029%	$32.9M	—	200x	as long as short
BingX ETH-USDT	+0.0016%	8h	2,723.7	−0.047%	—	$1.08B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0021%	8h	2,723.8	−0.046%	$2.31B	$4.33B	150x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,725.9	+0.033%	$190K	$883K	50x	as long as short
HTX ETH-USDT	+0.0033%	8h	2,725.1	+0.004%	$1.05B	$1.22B	200x	as long as short
Injective ETH/USDC PERP	+0.0050%	1h	2,729.4	+0.161%	$117K	$22.0M	52x	as long as short
Kraken Futures PF_ETHUSD	+0.0060%	1h	2,725.7	+0.025%	$81.8M	$310.5M	100x	as long as short
Hibachi ETH/USDT-P	+0.0064%	1h	2,725.5	+0.017%	$242K	$1.4M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0073%	8h	2,723.8	−0.046%	$1.65B	$10.76B	100x	as long as short
ApeX Omni ETHUSDT	+0.0074%	1h	2,724.1	−0.035%	$8.5M	$31.4M	100x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,724	−0.038%	$382.6M	$576.9M	100x	as long as short
Aster ETHUSDT	+0.0081%	8h	2,724.2	−0.030%	$252.4M	$850.8M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,722.9	−0.076%	$4.9M	$175K	20x	as long as short
MEXC ETH_USDT	+0.0091%	8h	2,723.9	−0.041%	$1.58B	$2.59B	500x	as long as short
Binance ETHUSDT	+0.0092%	8h	2,723.9	−0.041%	$6.30B	$16.09B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,724.6	−0.015%	$112.2M	$433.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,725.8	+0.028%	$23.4M	$102.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,724.1	−0.033%	$499K	$3.6M	50x	as long as short
Paradex ETH-USD-PERPshort	+0.0100%	8h	2,728.7	+0.136%	$15.4M	$7.5M	50x
Nado ETH-PERP	+0.0100%	1h	2,725.4	+0.016%	$14.1M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,726.5	+0.055%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,724.9	−0.003%	$32.0M	$333.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,723.8	−0.044%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,724.4	−0.024%	$1.6M	$16.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,723.8	−0.046%	$3.30B	$8.94B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,723.8	−0.044%	$2.10B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,724.3	−0.026%	$15.0M	$40.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.1	−0.032%	$133.8M	$316.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,724.2	−0.029%	$185.4M	$683.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,724.8	−0.009%	$158.3M	$82.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,725	0.000%	$20.9M	$69.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,726.9	+0.070%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,726.8	+0.066%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,725.5	+0.017%	$194K	$1.7M	20x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,726.7	+0.062%	$40.7M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,724.7	−0.010%	$955K	$10.7M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,725.1	+0.003%	$54.3M	$182.7M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,724.7	−0.011%	$262.4M	$64.3M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,726.7	+0.063%	$161.2M	$356.8M	25x	as long as short
Aftermath Perps ETHUSD	+0.0101%	1h	2,725.6	+0.022%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,723.1	−0.072%	$30.4M	$71.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,725.4	+0.015%	—	$30.2M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,726.4	+0.051%	$46.6M	$4.26B	50x	as long as short
RISEx ETH/USDC	+0.0114%	1h	2,724.6	−0.014%	$5.6M	$11.6M	25x	as long as short
Reya ETHRUSDPERP	+0.0179%	1h	2,724.9	−0.006%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,727.7	+0.097%	$32.2M	$11.2M	100x	as long as short
Bluefin ETH-PERP	+0.0288%	1h	2,725.3	+0.011%	$20K	$23K	25x	as long as short