Funding you earn now, next payment 00:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.030%
Price spread now: Paradex against Orderly−0.173%7-day average +0.019% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.074%−$7 on $10k
+Price spread, last 3 days (all we have)+0.310%+$31 · spread now −0.173%, 7d avg +0.019%
=Together, before fees+0.235%+ Points / potential airdropParadex: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.192% cheaper against Orderly than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETH_USDC | 2,773.1 | 0.0137 | pay 0.0137% / 8h | 1h 58m | $32.5M | $12.1M | 100x |
| Short | Paradex ETH-USD-PERP | 2,768.3 | 0.0100 | get 0.0100% / 8h | 1h 58m | $15.9M | $10.7M | 50x |
Orderly PERP_ETH_USDC
Paradex ETH-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.81
- Price spread: −0.173% → +0.019%
- −$19.18
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$36.99
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Paradex: live order book, 1 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Orderly no order-book sample | — | — | — | — | — |
| Sell Paradex live order book, 1 min ago | 75.23 bp | 77.2 bp −$77 | 77.2 bp −$772 | doesn't fit | doesn't fit |
Orderly: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0112% | 43m | 2,769.1 | −0.143% | $290K | $6.9M | 8.3x | as long as short |
| RISEx ETH/USDC | −0.0085% | 1h | 2,768.5 | −0.166% | $5.8M | $12.1M | 25x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,768 | −0.183% | $5K | $2K | 50x | as long as short |
| 01 Exchange ETHUSD | −0.0064% | 1h | 2,768.7 | −0.158% | $169K | $1.2M | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0041% | 1h | 2,769.5 | −0.129% | $119K | $22.5M | 52x | as long as short |
| Phoenix ETH | −0.0023% | 1h | 2,770.5 | −0.093% | $884K | $3.6M | 25x | as long as short |
| Aftermath Perps ETHUSD | −0.0002% | 1h | 2,771 | −0.076% | $29K | $22K | 20x | as long as short |
| Nado ETH-PERP | −0.0001% | 1h | 2,768.2 | −0.174% | $14.3M | $118.9M | 50x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,770.4 | −0.096% | $12.7M | $45.5M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,771.2 | −0.068% | $22.4M | — | 200x | as long as short |
Perpl ETH
RISEx ETH/USDC
Hotstuff ETH-PERP
01 Exchange ETHUSD
Injective ETH/USDC PERP
Phoenix ETH
Aftermath Perps ETHUSD
Nado ETH-PERP
dYdX ETH-USD
gTrade (Gains Network) ETH/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ETH-USDT | +0.0017% | 8h | 2,768.4 | −0.169% | — | $1.18B | — | as long as short |
| OKX ETH-USDT-SWAP | +0.0023% | 8h | 2,768.2 | −0.177% | $1.71B | $11.85B | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0028% / S +0.0009% | 1h | 2,771 | −0.076% | $13.2M | — | 200x | as long as short |
| Aster ETHUSDT | +0.0032% | 8h | 2,768.7 | −0.159% | $256.0M | $994.5M | 200x | as long as short |
| ApeX Omni ETHUSDT | +0.0034% | 1h | 2,770.6 | −0.089% | $8.7M | $32.6M | 100x | as long as short |
| Phemex ETHUSDT | +0.0037% | 8h | 2,771.3 | −0.065% | $267.0M | $66.0M | 150x | as long as short |
| Lighter ETH | +0.0040% | 1h | 2,769.1 | −0.144% | $114.6M | $493.9M | 50x | as long as short |
| Aevo ETH-PERP | +0.0048% | 1h | 2,768.1 | −0.179% | $5.0M | $636K | 20x | as long as short |
| MEXC ETH_USDT | +0.0052% | 8h | 2,768.4 | −0.167% | $1.59B | $2.62B | 500x | as long as short |
| Binance ETHUSDT | +0.0052% | 8h | 2,768.3 | −0.171% | $6.43B | $17.21B | 150x | as long as short |
| Bullet ETH-USD | +0.0059% | 1h | 2,770.2 | −0.104% | $183K | $1.8M | 20x | as long as short |
| Bitget ETHUSDT | +0.0074% | 8h | 2,768.8 | −0.156% | $2.10B | $3.12B | 150x | as long as short |
| Gate ETH_USDT | +0.0076% | 8h | 2,768.5 | −0.164% | $3.28B | $9.52B | 200x | as long as short |
| HTX ETH-USDT | +0.0095% | 8h | 2,770.2 | −0.105% | $1.08B | $1.32B | 200x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,770.5 | −0.094% | $25.4M | $120.5M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,769.5 | −0.129% | — | $41.8M | 500x | as long as short |
| Variational Omni ETH | +0.0099% | 8h | 2,770.9 | −0.079% | $140.8M | $321.1M | — | as long as short |
| Paradex ETH-USD-PERPshort | +0.0100% | 8h | 2,768.3 | −0.173% | $15.9M | $10.7M | 50x | |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,769 | −0.147% | $481K | $2.7M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,771 | −0.075% | $3.19B | $2.40B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,769.2 | −0.142% | $31.2M | $293.6M | 50x | as long as short |
| Bybit ETHUSDT | +0.0100% | 8h | 2,768.3 | −0.173% | $2.51B | $4.63B | 150x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,768.6 | −0.162% | $2.8M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,770.5 | −0.094% | $2.8M | $17.4M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,771 | −0.077% | $164.2M | $249.6M | 25x | as long as short |
| KuCoin ETHUSDTM | +0.0100% | 8h | 2,768.6 | −0.162% | $422.0M | $742.0M | 100x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,771.4 | −0.061% | $15.2M | $43.0M | 50x | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,770.6 | −0.090% | $179.5M | $783.0M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,771.5 | −0.058% | $161.2M | $96.5M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,771 | −0.075% | $21.4M | $57.9M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,769.4 | −0.132% | — | $1.1M | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,770.1 | −0.107% | $10.8M | $7.7M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,771 | −0.076% | $21K | $25K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,772.5 | −0.022% | $42.6M | $29.4M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,767.9 | −0.188% | $971K | $14.1M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,770.3 | −0.100% | $55.2M | $228.6M | 40x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,767.9 | −0.185% | $31.5M | $75.4M | 50x | as long as short |
| Deribit ETH-PERPETUAL | +0.0104% | 1h | 2,771.8 | −0.046% | $258.4M | $225.3M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,771.6 | −0.053% | $59.9M | $4.62B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0108% | 8h | 2,771.5 | −0.057% | $8.5M | $673.6M | 4.9x | as long as short |
| Orderly PERP_ETH_USDClong | +0.0137% | 8h | 2,773.1 | long leg | $32.5M | $12.1M | 100x | |
| Kraken Futures PF_ETHUSD | +0.0170% | 1h | 2,770.5 | −0.091% | $86.0M | $331.8M | 100x | as long as short |
| BloFin ETH-USDT | +0.0173% | 8h | 2,771 | −0.077% | $285.9M | $195.0M | 150x | as long as short |
| Reya ETHRUSDPERP | +0.0186% | 1h | 2,768.6 | −0.161% | $7.3M | $1.1M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0472% | 1h | 2,771.9 | −0.043% | $279K | $1.5M | 20x | as long as short |
BingX ETH-USDT
OKX ETH-USDT-SWAP
GMX ETH/USD [ETH-USDC]
Aster ETHUSDT
ApeX Omni ETHUSDT
Phemex ETHUSDT
Lighter ETH
Aevo ETH-PERP
MEXC ETH_USDT
Binance ETHUSDT
Bullet ETH-USD
Bitget ETHUSDT
Gate ETH_USDT
HTX ETH-USDT
Lighter RH ETH
Jupiter Perps ETH-PERP
Variational Omni ETH
Katana Perps ETH-USD
Hyperliquid ETH
Pacifica ETH
Bybit ETHUSDT
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
KuCoin ETHUSDTM
Backpack ETH_USDC_PERP
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
SoDEX ETH-USD
Extended ETH-USD
Deribit ETH-PERPETUAL
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Kraken Futures PF_ETHUSD
BloFin ETH-USDT
Reya ETHRUSDPERP
Hibachi ETH/USDT-P