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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+0.0008%/8h= +0.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.019%
Price spread now: Paradex against OKX+0.232%7-day average +0.059% · 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−$2as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Long on OKXShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.049%+$5 on $10k
Price spread, last 7 days−0.173%−$17 · spread now +0.232%, 7d avg +0.059%
Together, before fees−0.124%+ Points / potential airdropParadex: Active · farm board−$12 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 0.173% dearer against OKX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.059%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,724.70.0092pay 0.0092% / 8h1h 47m$1.66B$10.93B100x
ShortParadex ETH-USD-PERP2,7310.0100get 0.0100% / 8h1h 47m$15.3M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against OKX. 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
$1.61
Price spread: +0.232% → +0.059%
$17.3
Slippage, 4 orders
−$5.34
Fee OKX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$0.43
Costs to cover
0.193%
Break-even
8.9 days
Slippage from OKX: 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 OKX live order book, 2 min ago0.02 bp5.0 bp −$55.0 bp −$505.6 bp −$5627.5 bp −$3,751
Sell Paradex live order book, 2 min ago2.65 bp4.7 bp −$54.7 bp −$47doesn'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%43m2,726.2+0.054%$287K$5.8M8.3xas long as short
ApeX Omni ETHUSDT−0.0108%1h2,726.7+0.075%$8.6M$31.5M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.6+0.071%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,728.6+0.144%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.1+0.052%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,730+0.196%$817K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,726.8+0.079%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,726.6+0.071%$6.6M$691.2M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,726.1+0.053%$262.5M$214.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,726.2+0.055%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0007%8h2,725.2+0.018%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,726.8+0.078%$191K$892K50xas long as short
BingX ETH-USDT+0.0031%8h2,725.6+0.033%—$1.12B—as long as short
Bybit ETHUSDT+0.0037%8h2,724.8+0.004%$2.34B$4.42B150xas long as short
Aftermath Perps ETHUSD+0.0076%1h2,728.9+0.155%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0077%8h2,725.7+0.038%$375.0M$576.1M100xas long as short
SunX ETH-USDT+0.0085%8h2,725.1+0.014%$955K$11.1M100xas long as short
Aster ETHUSDT+0.0088%8h2,725.7+0.037%$251.8M$850.0M200xas long as short
OKX ETH-USDT-SWAPlong+0.0092%8h2,724.7long leg$1.66B$10.93B100x
Binance ETHUSDT+0.0095%8h2,725.2+0.021%$6.32B$16.19B150xas long as short
Lighter ETH+0.0096%1h2,725.7+0.037%$111.9M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,727+0.085%$23.4M$102.8M50xas long as short
MEXC ETH_USDT+0.0096%8h2,725.1+0.016%$1.52B$2.58B500xas long as short
Aevo ETH-PERP+0.0096%1h2,723.4−0.045%$4.9M$161K20xas long as short
SoDEX ETH-USD+0.0099%1h2,725.6+0.034%$54.3M$187.4M40xas long as short
Katana Perps ETH-USD+0.0100%8h2,726+0.049%$507K$3.5M50xas long as short
Paradex ETH-USD-PERPshort+0.0100%8h2,731+0.232%$15.3M$8.0M50x
Nado ETH-PERP+0.0100%1h2,725.8+0.041%$14.0M$105.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,727.9+0.119%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.6+0.108%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.5+0.067%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.5+0.068%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,725.9+0.045%$161.8M$340.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.8+0.043%$3.27B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,725.5+0.030%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726+0.048%$15.0M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,727+0.087%$133.2M$326.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.4+0.101%$184.9M$682.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.1+0.091%$158.5M$87.7M50xas long as short
StandX ETH-USD+0.0100%1h2,728.1+0.126%$21.0M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.7+0.112%—$767K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.4+0.100%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,725.5+0.030%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,727+0.086%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.5+0.105%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,725.5+0.029%$262.7M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,724.9+0.007%$30.3M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,726.6+0.071%—$30.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,726.7+0.073%$50.2M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,727.3+0.098%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,728.2+0.130%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0194%1h2,724.8+0.003%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,726.2+0.057%$83.2M$311.2M100xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,730.9+0.229%$246K$1.4M20xas long as short
BloFin ETH-USDT+0.0381%8h2,725.1+0.016%$282.1M$174.9M150xas long as short