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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 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.003%
Price spread now: Paradex against HTX+0.060%7-day average +0.110% · 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−$177as in the Price arb table
costs, in and out, $10k−$1721.715% of the position
Long on HTXShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.029%+$3 on $10k
Price spread, last 3 days (all we have)+0.075%+$7 · spread now +0.060%, 7d avg +0.110%
Together, before fees+0.103%+ Points / potential airdropParadex: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paradex is 0.050% cheaper against HTX than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.110%). If the spread goes back, that is −$5 on $10k: about 5.0 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,770.60.0066pay 0.0066% / 8h7h 33m$1.08B$1.26B200x
ShortParadex ETH-USD-PERP2,772.30.0099get 0.0099% / 8h7h 33m$15.9M$8.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against HTX. 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
$7
Price spread: +0.060% → +0.110%
−$5
Slippage, 4 orders
−$155.52
Fee HTX: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$169.52
Costs to cover
1.715%
Break-even
176.5 days
Slippage from HTX: live order book, 6 min ago; Paradex: live order book, 1 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 HTX live order book, 6 min ago0.02 bp6.0 bp −$66.0 bp −$606.5 bp −$65410.6 bp −$5,319
Sell Paradex live order book, 1 min ago32.74 bp34.7 bp −$3539.0 bp −$390doesn'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
Injective ETH/USDC PERP−0.0752%1h2,762.9−0.278%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,771+0.016%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,769.6−0.035%$321K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772+0.051%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.8+0.008%$168K$1.1M50xas long as short
Phemex ETHUSDT−0.0020%8h2,770.8+0.006%$269.7M$67.4M150xas long as short
Phoenix ETH−0.0003%1h2,771.5+0.033%$876K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771+0.015%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.031%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0024%8h2,770.6+0.001%$1.71B$11.21B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet ETH-USD+0.0024%1h2,770.6−0.001%$184K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,771.3+0.025%$12.7M—200xas long as short
SoDEX ETH-USD+0.0036%1h2,771+0.015%$55.2M$188.0M40xas long as short
Aster ETHUSDT+0.0039%8h2,770.5−0.004%$256.7M$885.8M200xas long as short
MEXC ETH_USDT+0.0054%8h2,771.4+0.030%$1.63B$2.63B500xas long as short
Binance ETHUSDT+0.0054%8h2,770.4−0.009%$6.47B$16.36B150xas long as short
Aevo ETH-PERP+0.0056%1h2,768.6−0.073%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0062%1h2,772.2+0.060%$31K$23K20xas long as short
HTX ETH-USDTlong+0.0066%8h2,770.6long leg$1.08B$1.26B200x
Bitget ETHUSDT+0.0071%8h2,771.7+0.039%$2.10B$2.88B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,772.4+0.065%$60.3M$4.45B50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,771.6+0.037%$420.1M$632.9M100xas long as short
Vest ETH-PERP+0.0083%1h2,770.9+0.011%—$878K50xas long as short
Gate ETH_USDT+0.0094%8h2,771.5+0.032%$3.35B$8.97B200xas long as short
Lighter ETH+0.0096%1h2,772+0.049%$115.3M$457.5M50xas long as short
Lighter RH ETH+0.0096%1h2,772.6+0.072%$25.8M$111.2M50xas long as short
Paradex ETH-USD-PERPshort+0.0099%8h2,772.3+0.060%$15.9M$8.7M50x
SunX ETH-USDT+0.0099%8h2,770.3−0.009%$972K$13.3M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.7+0.004%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.7+0.003%$14.7M$114.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.3+0.098%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,771.7+0.040%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.9+0.010%$2.51B$4.38B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.7+0.004%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.2+0.060%$2.8M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8−0.027%$171.6M$277.9M25xas long as short
BingX ETH-USDT+0.0100%8h2,771.5+0.031%—$1.21B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.6+0.036%$15.2M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,772.3+0.061%$142.1M$343.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.9−0.025%$181.8M$787.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.6−0.037%$161.0M$84.9M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,772.1+0.054%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,770.5−0.003%$21.4M$62.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.60.000%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.1+0.019%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,773+0.088%$42.6M$29.0M15xas long as short
Extended ETH-USD+0.0104%1h2,770.9+0.012%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.4+0.030%—$37.0M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,771.5+0.033%$8.0M$682.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,772.5+0.069%$259.1M$207.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,772.5+0.070%$93.4M$316.5M100xas long as short
Orderly PERP_ETH_USDC+0.0149%8h2,773.9+0.118%$32.6M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,773.9+0.118%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,768.4−0.078%$287.6M$185.9M150xas long as short
Reya ETHRUSDPERP+0.0210%1h2,770.5−0.003%$7.3M$1.2M25xas long as short