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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.001%
Price spread now: Extended against Paradex−0.049%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1911.911% of the position
Long on ParadexShort on Extended
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.014%+$1 on $10k
Price spread, last 7 days−0.016%−$2 · spread now −0.049%, 7d avg −0.098%
Together, before fees−0.003%+ Points / potential airdropParadex: Active · Extended: Active · farm board$0 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: Extended is 0.050% dearer against Paradex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,767.30.0099pay 0.0099% / 8h23m 54s$15.9M$10.1M50x
ShortExtended ETH-USD2,7660.0104get 0.0013% / 1h23m 54s$32.5M$78.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Paradex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.97
Price spread: −0.049% → −0.098%
$4.97
Slippage, 4 orders
−$182.11
Fee Paradex: 2 bp × 2 orders
−$4
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$185.17
Costs to cover
1.911%
Break-even
1344.6 days
Slippage from Paradex: live order book, just now; Extended: live order book, 5 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, just now90.88 bp92.9 bp −$9398.3 bp −$983doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago0.18 bp2.7 bp −$33.2 bp −$325.7 bp −$57314.2 bp −$7,111

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−0.0223%43m2,768.5+0.042%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,767.7+0.013%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.526%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.1+0.027%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0032%1h2,772.4+0.181%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,768.3+0.035%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,768.5+0.041%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.1+0.136%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.2+0.030%$22.4M—200xas long as short
BingX ETH-USDC+0.0016%8h2,765.6−0.065%—$17.5M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,766.4−0.034%$1.70B$11.86B100xas long as short
Aftermath Perps ETHUSD+0.0023%1h2,772.5+0.187%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,768.1+0.028%$12.8M—200xas long as short
Aster ETHUSDT+0.0030%8h2,766.2−0.043%$255.3M$1.00B200xas long as short
SoDEX ETH-USD+0.0032%1h2,766.3−0.038%$55.1M$229.0M40xas long as short
Phemex ETHUSDT+0.0036%8h2,767.3−0.001%$269.8M$69.0M150xas long as short
Deribit ETH-PERPETUAL+0.0043%1h2,767.8+0.017%$259.0M$222.4M50xas long as short
Bullet ETH-USD+0.0045%1h2,767.4+0.004%$182K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,763.8−0.126%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,766.4−0.033%$1.60B$2.65B500xas long as short
Binance ETHUSDT+0.0058%8h2,765.9−0.050%$6.44B$17.31B150xas long as short
Bitget ETHUSDT+0.0066%8h2,766.4−0.035%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0069%8h2,765.8−0.055%$3.28B$9.66B200xas long as short
KuCoin ETHUSDTM+0.0082%8h2,766.1−0.045%$420.4M$739.9M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,768+0.025%$60.0M$4.58B50xas long as short
Bybit ETHUSDT+0.0089%8h2,765.9−0.051%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0094%1h2,768.5+0.041%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,766−0.047%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,767.2−0.007%$115.0M$499.6M50xas long as short
Lighter RH ETH+0.0096%1h2,768.6+0.046%$25.2M$121.6M50xas long as short
Paradex ETH-USD-PERPlong+0.0099%8h2,767.3long leg$15.9M$10.1M50x
Katana Perps ETH-USD+0.0100%8h2,768+0.024%$476K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767.7+0.013%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,768.4+0.038%$3.17B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,768.8+0.051%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.7+0.013%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.8+0.054%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.201%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,765.9−0.054%$15.1M$44.4M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3+0.108%$147.5M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.2+0.174%$182.0M$782.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.2+0.141%$161.1M$89.0M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.147%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.8+0.017%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.1+0.028%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,767.3−0.002%$970K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,769+0.058%$42.6M$29.4M15xas long as short
Extended ETH-USDshort+0.0104%1h2,766−0.049%$32.5M$78.2M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.7+0.123%—$42.0M500xas long as short
Kalshi KXETHPERP+0.0113%8h2,768.9+0.056%$8.2M$687.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,767.7+0.011%$87.0M$335.4M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,769.3+0.071%$32.5M$12.1M100xas long as short
BloFin ETH-USDT+0.0178%8h2,770+0.096%$287.3M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,767.3−0.001%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,771.5+0.149%$252K$1.6M20xas long as short