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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 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%
Price spread now: Paradex against Bullet+0.165%7-day average +0.044% · 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−$5as in the Price arb table
costs, in and out, $10k−$180.175% of the position
Long on BulletShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.044%+$4 on $10k
Price spread, last 7 days−0.116%−$12 · spread now +0.165%, 7d avg +0.044%
Together, before fees−0.072%+ Points / potential airdropParadex: Active · farm board−$7 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 0.122% dearer against Bullet than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,726.10.0100pay 0.0013% / 1h17m 30s$182K$1.7M20x
ShortParadex ETH-USD-PERP2,730.60.0100get 0.0100% / 8h17m 30s$15.3M$7.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Bullet. 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
Price spread: +0.165% → +0.044%
$12.18
Slippage, 4 orders
−$5.51
Fee Bullet: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$5.33
Costs to cover
0.175%
Break-even
never at this rate
Slippage from Bullet: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Bullet live order book, 2 min ago0.37 bp5.4 bp −$58.1 bp −$81doesn't fitdoesn't fit
Sell Paradex live order book, 2 min ago1.54 bp3.5 bp −$45.0 bp −$50doesn'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%43m2,726−0.003%$276K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0177%8h2,726−0.004%$281.9M$177.6M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,725.8−0.011%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,727+0.033%$809K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.3+0.007%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,726.4+0.011%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,726.9+0.029%$6.7M$678.3M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,726.8+0.025%$263.6M$213.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,726.7+0.021%$32.9M—200xas long as short
BingX ETH-USDC+0.0017%8h2,725.5−0.022%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0020%8h2,725.3−0.029%$2.32B$4.34B150xas long as short
HTX ETH-USDT+0.0031%8h2,726.1−0.001%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,726.6+0.018%$190K$884K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,730.5+0.161%$166K$21.6M52xas long as short
Hibachi ETH/USDT-P+0.0056%1h2,727.1+0.035%$242K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,726.8+0.024%$81.9M$310.8M100xas long as short
ApeX Omni ETHUSDT+0.0068%1h2,726.3+0.007%$8.5M$31.4M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,725.4−0.027%$1.65B$10.79B100xas long as short
KuCoin ETHUSDTM+0.0074%8h2,725.6−0.019%$382.4M$576.9M100xas long as short
Aster ETHUSDT+0.0078%8h2,726−0.004%$252.6M$848.2M200xas long as short
MEXC ETH_USDT+0.0088%8h2,726.2+0.002%$1.58B$2.59B500xas long as short
Aevo ETH-PERP+0.0088%1h2,723.8−0.084%$4.9M$172K20xas long as short
Binance ETHUSDT+0.0090%8h2,725.6−0.017%$6.30B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,726.7+0.021%$112.3M$433.1M50xas long as short
Lighter RH ETH+0.0096%1h2,727.8+0.064%$23.4M$102.4M50xas long as short
Phemex ETHUSDT+0.0100%8h2,726.1−0.001%$262.6M$64.5M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.8−0.011%$500K$3.6M50xas long as short
Paradex ETH-USD-PERPshort+0.0100%8h2,730.6+0.165%$15.3M$7.5M50x
Nado ETH-PERP+0.0100%1h2,725.6−0.020%$14.0M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,727.9+0.066%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,727.2+0.039%$32.1M$333.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726−0.004%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.3+0.008%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.9−0.009%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,725.6−0.018%$2.11B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.9−0.008%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,722.2−0.142%$133.6M$316.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,725.2−0.034%$185.4M$683.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.9+0.030%$158.5M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,726.4+0.011%$20.9M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.4+0.047%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,726.9+0.029%$11.2M$9.4M50xas long as short
Bullet ETH-USDlong+0.0100%1h2,726.1long leg$182K$1.7M20x
Derive ETH-PERP+0.0100%1h2,727.6+0.056%$40.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,725.8−0.012%$956K$10.8M100xas long as short
SoDEX ETH-USD+0.0100%1h2,726.10.000%$54.3M$182.7M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.7+0.023%$161.2M$356.8M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,725.6−0.020%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,724.9−0.046%$30.4M$71.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,726.4+0.012%—$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,727.7+0.058%$46.6M$4.27B50xas long as short
RISEx ETH/USDC+0.0114%1h2,726.3+0.006%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0179%1h2,724.9−0.044%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,728.5+0.087%$32.2M$11.2M100xas long as short
Bluefin ETH-PERP+0.0384%1h2,726.6+0.019%$20K$23K25xas long as short