Settings8H · net · $10k
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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 07:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.028%
Price spread now: Paradex against gTrade (Gains Network)+0.146%7-day average +0.049% · 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−$6as in the Price arb table
costs, in and out, $10k−$160.160% of the position
Long on gTrade (Gains Network)Short on Paradex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.093%+$9 on $10k
Price spread, last 7 days−0.098%−$10 · spread now +0.146%, 7d avg +0.049%
Together, before fees−0.006%+ Points / potential airdropParadex: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Paradex is 0.096% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,732.9L +0.0007% / S −0.0006%pay 0.0001% / 1h21m 50s$33.0M—200x
ShortParadex ETH-USD-PERP2,736.90.0100get 0.0100% / 8h1h 21m$15.3M$7.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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
$19.61
Price spread: +0.146% → +0.049%
$9.64
Slippage, 4 orders
−$5.01
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Paradex: 2 bp × 2 orders
−$4
Net
$13.23
Costs to cover
0.160%
Break-even
2.3 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago0.51 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,447
Sell Paradex live order book, 2 min ago1.94 bp4.0 bp −$44.6 bp −$46doesn'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−0.0112%43m2,732.2−0.028%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.4+0.017%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6−0.195%$117K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0018%1h2,730−0.106%$8.6M$31.5M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.6−0.013%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,733.3+0.014%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,732.3−0.024%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733+0.003%$6.5M$685.8M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,732.6−0.014%$262.6M$214.5M50xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0006%1h2,732.9long leg$33.0M—200x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,732.8−0.005%$191K$893K50xas long as short
HTX ETH-USDT+0.0019%8h2,732−0.036%$1.05B$1.23B200xas long as short
BingX ETH-USDT+0.0025%8h2,733.6+0.025%—$1.10B—as long as short
Bybit ETHUSDT+0.0030%8h2,733.9+0.034%$2.34B$4.42B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,732.3−0.025%$374.7M$577.3M100xas long as short
SoDEX ETH-USD+0.0083%1h2,731.5−0.052%$54.4M$187.2M40xas long as short
Aster ETHUSDT+0.0084%8h2,733.6+0.025%$252.7M$849.1M200xas long as short
OKX ETH-USDT-SWAP+0.0085%8h2,733.8+0.030%$1.65B$10.94B100xas long as short
MEXC ETH_USDT+0.0092%8h2,733.3+0.012%$1.55B$2.60B500xas long as short
Binance ETHUSDT+0.0093%8h2,733.5+0.020%$6.33B$16.16B150xas long as short
Lighter ETH+0.0096%1h2,732.1−0.030%$112.4M$436.2M50xas long as short
Lighter RH ETH+0.0096%1h2,733.5+0.019%$23.5M$103.2M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.3−0.133%$4.9M$157K20xas long as short
SunX ETH-USDT+0.0096%8h2,731.6−0.049%$957K$11.0M100xas long as short
Aftermath Perps ETHUSD+0.0097%1h2,731.5−0.052%$30K$20K20xas long as short
Phemex ETHUSDT+0.0098%8h2,731.6−0.049%$263.2M$64.6M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.3−0.023%$511K$3.5M50xas long as short
Paradex ETH-USD-PERPshort+0.0100%8h2,736.9+0.146%$15.3M$7.9M50x
Nado ETH-PERP+0.0100%1h2,732.1−0.029%$14.1M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.1+0.043%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,733.2+0.011%$32.0M$332.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.4−0.056%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.7−0.008%$1.5M$16.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.8+0.030%$3.30B$9.01B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.90.000%$2.09B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.5−0.052%$15.1M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,731.9−0.037%$134.0M$323.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.1−0.140%$185.6M$681.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.5−0.089%$158.7M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,732.3−0.023%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.8+0.033%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.4+0.017%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,731.9−0.038%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.7−0.008%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.3−0.206%$40.9M$30.3M15xas long as short
Bulk ETH-USD+0.0100%1h2,726.2−0.246%$161.6M$349.5M25xas long as short
Extended ETH-USD+0.0104%1h2,732.2−0.027%$30.4M$73.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,733.3+0.013%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,732.9−0.003%$48.8M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,733+0.001%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,734.3+0.049%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0190%1h2,731.1−0.067%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,732.3−0.025%$82.3M$312.0M100xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,732.8−0.004%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0370%8h2,732−0.034%$281.7M$175.6M150xas long as short