Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.003%
Price spread now: Bybit against Paradex+0.028%7-day average −0.052% · 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−$155as in the Price arb table
costs, in and out, $10k−$1631.626% of the position
Long on ParadexShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.018%−$2 on $10k
Price spread, last 7 days−0.111%−$11 · spread now +0.028%, 7d avg −0.052%
Together, before fees−0.129%+ Points / potential airdropParadex: Active · farm board−$13 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: Bybit is 0.080% dearer against Paradex than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,771.80.0100pay 0.0100% / 8h1h 25m$15.9M$10.5M50x
ShortBybit ETHUSDT2,772.50.0093get 0.0093% / 8h1h 25m$2.51B$4.61B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Paradex. 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
−$1.41
Price spread: +0.028% → −0.052%
$7.99
Slippage, 4 orders
−$147.58
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$156
Costs to cover
1.626%
Break-even
never at this rate
Slippage from Paradex: live order book, 3 min ago; Bybit: live order book, 3 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 Paradex live order book, 3 min ago67.94 bp81.6 bp −$8299.9 bp −$999doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.02 bp5.5 bp −$65.5 bp −$557.6 bp −$76111.3 bp −$5,667

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%43m2,772.4+0.022%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,773.3+0.054%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.9+0.041%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,770.3−0.053%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.2+0.016%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0017%1h2,773.7+0.071%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,773.4+0.059%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,769.6−0.078%$883K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.3+0.055%$22.4M—200xas long as short
BingX ETH-USDT+0.0017%8h2,773.3+0.056%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,773.2+0.050%$1.69B$11.85B100xas long as short
Phemex ETHUSDT+0.0023%8h2,771.8−0.001%$269.5M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,773.2+0.052%$13.0M—200xas long as short
Aster ETHUSDT+0.0033%8h2,772.8+0.039%$255.9M$991.4M200xas long as short
Bullet ETH-USD+0.0036%1h2,772.3+0.021%$180K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0053%1h2,772.9+0.040%$258.3M$222.2M50xas long as short
MEXC ETH_USDT+0.0060%8h2,772.6+0.028%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0060%8h2,772+0.009%$6.42B$17.17B150xas long as short
Nado ETH-PERP+0.0060%1h2,772.1+0.013%$14.3M$118.1M50xas long as short
Aevo ETH-PERP+0.0064%1h2,769.5−0.083%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0071%8h2,773.3+0.056%$2.10B$3.10B150xas long as short
SoDEX ETH-USD+0.0072%1h2,771.2−0.020%$55.2M$228.9M40xas long as short
Gate ETH_USDT+0.0073%8h2,773.4+0.059%$3.29B$9.62B200xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,772.4+0.024%$8.8M$32.6M100xas long as short
Bybit ETHUSDTshort+0.0093%8h2,772.5+0.028%$2.51B$4.61B150x
HTX ETH-USDT+0.0094%8h2,772.2+0.017%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,772.9+0.041%$115.0M$500.3M50xas long as short
Lighter RH ETH+0.0096%1h2,774+0.081%$25.3M$121.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.2+0.052%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0098%8h2,772.3+0.021%$423.2M$739.4M100xas long as short
Paradex ETH-USD-PERPlong+0.0100%8h2,771.8long leg$15.9M$10.5M50x
Katana Perps ETH-USD+0.0100%8h2,773.6+0.066%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.3+0.126%$3.19B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,772.8+0.037%$31.2M$299.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.4+0.023%$2.8M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.3+0.126%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.156%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.2−0.022%$15.1M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,769.4−0.084%$135.0M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,770.7−0.038%$181.3M$782.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.9+0.043%$161.3M$91.2M50xas long as short
StandX ETH-USD+0.0100%1h2,774.1+0.084%$21.4M$58.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,773+0.045%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.8+0.073%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,785.4+0.491%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.6+0.066%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.5−0.046%$971K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,772.8+0.036%$32.8M$77.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.4+0.022%$60.0M$4.59B50xas long as short
Kalshi KXETHPERP+0.0123%8h2,773+0.044%$8.5M$677.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,775.1+0.119%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,772+0.008%$85.9M$331.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,773.1+0.047%$285.2M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0191%1h2,772.4+0.022%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,775.1+0.121%$271K$1.5M20xas long as short