ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.6% APRnext payment −$0.23 per $10,000 · paid last 24h −0.003%

Price spread now: HTX against Paradex−0.216%7-day average −0.112% · 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−$31as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Paradex Short on HTX

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 4 days (all we have)−0.012%−$1 · spread now −0.216%, 7d avg −0.112%

Together, before fees−0.040%+ Points / potential airdropParadex: Active · farm board−$4 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 HTX is 0.104% cheaper against Paradex than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.112%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ETH-USD-PERP	2,732.4	0.0098	pay 0.0098% / 8h	4h 39m	$15.6M	$8.0M	50x
Short	HTX ETH-USDT	2,726.5	0.0075	get 0.0075% / 8h	4h 39m	$1.05B	$1.20B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee ParadexbpFee HTXbpOrdersPrice spread, now −0.216%Rate

Funding earned: −$4.89
Price spread: −0.216% → −0.112%: −$10.43
Slippage, 4 orders: −$4.35
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.68
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Paradex: live order book, 5 min ago; HTX: live order book, 5 min ago.

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 Paradex live order book, 5 min ago	2.16 bp	4.2 bp −$4	4.2 bp −$42	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.02 bp	6.0 bp −$6	6.3 bp −$63	8.3 bp −$827	11.5 bp −$5,760

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	−0.0447%	43m	2,728.9	−0.128%	$297K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,728.7	−0.136%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,729.2	−0.117%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,728.9	−0.129%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,729.7	−0.098%	$10.7M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,728.7	−0.136%	$187K	$842K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,728.8	−0.132%	$828K	$2.9M	25x	as long as short
Bullet ETH-USD	+0.0004%	1h	2,728.4	−0.147%	$180K	$1.7M	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,728.8	−0.133%	$26.8M	—	200x	as long as short
Deribit ETH-PERPETUAL	+0.0029%	1h	2,728.2	−0.154%	$260.1M	$196.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ETHUSDT	+0.0039%	1h	2,729.5	−0.106%	$8.9M	$31.3M	100x	as long as short
SoDEX ETH-USD	+0.0057%	1h	2,726.8	−0.205%	$54.3M	$187.6M	40x	as long as short
BingX ETH-USDT	+0.0059%	8h	2,728.2	−0.154%	—	$1.14B	—	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,728.1	−0.158%	$380.0M	$576.2M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,729	−0.124%	$1.67B	$10.71B	100x	as long as short
HTX ETH-USDTshort	+0.0075%	8h	2,726.5	−0.216%	$1.05B	$1.20B	200x
Aster ETHUSDT	+0.0079%	8h	2,729	−0.123%	$251.3M	$844.3M	200x	as long as short
Bybit ETHUSDT	+0.0084%	8h	2,728.9	−0.130%	$2.39B	$4.35B	150x	as long as short
MEXC ETH_USDT	+0.0088%	8h	2,727.2	−0.191%	$1.52B	$2.55B	500x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,725.4	−0.255%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,729.4	−0.109%	$6.34B	$15.87B	150x	as long as short
Phemex ETHUSDT	+0.0095%	8h	2,726.9	−0.200%	$265.0M	$65.5M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,727.7	−0.173%	$112.2M	$436.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,728.7	−0.135%	$23.2M	$105.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,729	−0.123%	—	$30.6M	500x	as long as short
Paradex ETH-USD-PERPlong	+0.0098%	8h	2,732.4	long leg	$15.6M	$8.0M	50x
RISEx ETH/USDC	+0.0099%	1h	2,729.1	−0.123%	$5.6M	$11.5M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,728.1	−0.158%	$500K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,728.7	−0.138%	$13.8M	$104.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,730.2	−0.081%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.1	−0.084%	$31.9M	$334.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,728.2	−0.154%	$2.7M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,728.9	−0.127%	$2.8M	$16.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,728.2	−0.153%	$3.35B	$8.84B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.2	−0.154%	$2.07B	$2.75B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,727.7	−0.172%	$14.9M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,729.3	−0.115%	$133.2M	$325.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,730.8	−0.059%	$183.7M	$669.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.6	−0.066%	$158.9M	$86.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,729.7	−0.099%	$21.1M	$69.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,730	−0.088%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730.4	−0.074%	$11.1M	$9.1M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,728.7	−0.135%	$41.2M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,728.1	−0.160%	$956K	$11.4M	100x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,730.9	−0.055%	$166.8M	$318.0M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,726.3	−0.223%	$30.4M	$72.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,728.2	−0.154%	$51.5M	$4.26B	50x	as long as short
Aftermath Perps ETHUSD	+0.0125%	1h	2,731.2	−0.044%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0150%	8h	2,729	−0.125%	$6.5M	$678.2M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0193%	8h	2,729.7	−0.100%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0222%	1h	2,728	−0.160%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,727.7	−0.172%	$84.1M	$313.9M	100x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,732.4	0.000%	$253K	$1.4M	20x	as long as short
Bluefin ETH-PERP	+0.0275%	1h	2,728.2	−0.155%	$21K	$20K	25x	as long as short
BloFin ETH-USDT	+0.0355%	8h	2,727.1	−0.195%	$282.6M	$174.6M	150x	as long as short