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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 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%
Price spread now: Paradex against Bluefin−0.848%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BluefinShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.848% cheaper against Bluefin than usual: you would sell low and buy high, −$85 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,765.20.0100pay 0.0013% / 1h6m 41s$22K$21K25x
ShortParadex ETH-USD-PERP2,741.80.0100get 0.0100% / 8h2h 06m$15.2M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Bluefin. 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
−$0.01
Price spread: −0.848% → 0.000%
−$84.79
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$95.8
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; Paradex: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample—————
Sell Paradex live order book, 3 min ago3.63 bp5.6 bp −$65.6 bp −$56doesn't fitdoesn't fit
Bluefin: 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.

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%43m2,736.1−1.054%$292K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.6−1.036%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.7−0.996%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,736.5−1.039%$817K$3.0M25xas long as short
dYdX ETH-USD+0.0005%1h2,737.5−1.003%$10.5M$42.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,737.8−0.993%$33.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,735.4−1.079%$117K$22.5M52xas long as short
HTX ETH-USDT+0.0010%8h2,737.3−1.010%$1.05B$1.22B200xas long as short
BingX ETH-USDT+0.0036%8h2,737.5−1.002%—$1.12B—as long as short
Bybit ETHUSDT+0.0044%8h2,737.5−1.004%$2.35B$4.42B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,737.9−0.989%$190K$865K50xas long as short
KuCoin ETHUSDTM+0.0081%8h2,737.6−1.000%$376.3M$577.9M100xas long as short
Aftermath Perps ETHUSD+0.0084%1h2,735−1.093%$30K$20K20xas long as short
Bullet ETH-USD+0.0084%1h2,737.4−1.007%$182K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0093%1h2,738.7−0.959%$259.3M$208.4M50xas long as short
SunX ETH-USDT+0.0094%8h2,736.8−1.029%$959K$11.1M100xas long as short
Lighter ETH+0.0096%1h2,738.3−0.976%$113.0M$437.7M50xas long as short
Lighter RH ETH+0.0096%1h2,739.3−0.940%$23.5M$104.2M50xas long as short
Aevo ETH-PERP+0.0096%1h2,735.1−1.089%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0098%8h2,737.4−1.006%$1.66B$10.94B100xas long as short
Aster ETHUSDT+0.0099%8h2,737.7−0.997%$253.3M$848.3M200xas long as short
Phemex ETHUSDT+0.0099%8h2,737.7−0.996%$264.1M$65.0M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.5−1.039%$508K$3.5M50xas long as short
Paradex ETH-USD-PERPshort+0.0100%8h2,741.8−0.848%$15.2M$8.0M50x
Nado ETH-PERP+0.0100%1h2,737.1−1.019%$14.2M$105.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.9−0.918%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,738.6−0.964%$32.1M$334.3M50xas long as short
Binance ETHUSDT+0.0100%8h2,737.7−0.998%$6.35B$16.15B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.5−1.039%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,738.2−0.977%$1.5M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.1−1.017%$3.28B$9.08B200xas long as short
MEXC ETH_USDT+0.0100%8h2,737.7−0.998%$1.53B$2.61B500xas long as short
Bitget ETHUSDT+0.0100%8h2,737.6−0.998%$2.09B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,737.4−1.008%$15.0M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,735.8−1.066%$134.4M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,736−1.056%$185.5M$680.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,736.9−1.024%$159.2M$87.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,736.9−1.025%$8.7M$31.5M100xas long as short
StandX ETH-USD+0.0100%1h2,737.5−1.003%$21.0M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,738.2−0.977%—$875K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,738.6−0.963%$11.2M$9.5M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,765.2long leg$22K$21K25x
Derive ETH-PERP+0.0100%1h2,739.2−0.940%$41.1M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,737.4−1.007%$54.5M$187.6M40xas long as short
Bulk ETH-USD+0.0100%1h2,735.9−1.061%$162.8M$321.5M25xas long as short
Extended ETH-USD+0.0104%1h2,735.7−1.067%$30.3M$74.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,737.4−1.006%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,739.2−0.941%$49.8M$4.33B50xas long as short
RISEx ETH/USDC+0.0108%1h2,737.7−0.995%$5.6M$11.8M25xas long as short
Kalshi KXETHPERP+0.0140%8h2,737.3−1.010%$6.8M$693.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0175%1h2,738.4−0.972%$83.7M$311.5M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,739.7−0.923%$32.3M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0197%1h2,736.5−1.041%$7.3M$1.3M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,738.4−0.969%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,737.2−1.013%$280.2M$175.4M150xas long as short