ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.32 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against Paradex−0.159%7-day average −0.053% · 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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$6 on $10k

Price spread, last 7 days+0.100%+$10 · spread now −0.159%, 7d avg −0.053%

Together, before fees+0.045%+ 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 KuCoin is 0.106% cheaper against Paradex than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ETH-USD-PERP	2,739.4	0.0100	pay 0.0100% / 8h	1h 18m	$15.3M	$7.9M	50x
Short	KuCoin ETHUSDTM	2,735.1	0.0068	get 0.0068% / 8h	1h 18m	$374.8M	$577.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.159%Rate

Funding earned: −$6.71
Price spread: −0.159% → −0.053%: −$10.58
Slippage, 4 orders: −$4.36
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$37.64
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Paradex: live order book, 1 min ago; KuCoin: live order book, 11 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, 1 min ago	2.10 bp	4.1 bp −$4	4.1 bp −$41	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	0.02 bp	6.0 bp −$6	7.3 bp −$73	10.9 bp −$1,093	doesn't fit

ETH on 54 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
Hotstuff ETH-PERP	−0.0080%	1h	2,735.4	−0.146%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,735.1	−0.157%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,734.5	−0.180%	$12.0M	—	200x	as long as short
ApeX Omni ETHUSDT	−0.0007%	1h	2,734	−0.196%	$8.6M	$31.6M	100x	as long as short
Phoenix ETH	−0.0006%	1h	2,735	−0.161%	$814K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,733.9	−0.201%	$10.5M	$42.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,734.8	−0.168%	$6.6M	$685.6M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,734.2	−0.189%	$288K	$5.8M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,735	−0.159%	$262.7M	$214.2M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,735.1	−0.158%	$33.0M	—	200x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0016%	1h	2,735.3	−0.150%	$191K	$891K	50x	as long as short
HTX ETH-USDT	+0.0022%	8h	2,733.9	−0.202%	$1.05B	$1.22B	200x	as long as short
BingX ETH-USDC	+0.0025%	8h	2,734	−0.197%	—	$18.6M	—	as long as short
Bybit ETHUSDT	+0.0030%	8h	2,734.8	−0.167%	$2.34B	$4.41B	150x	as long as short
KuCoin ETHUSDTMshort	+0.0068%	8h	2,735.1	−0.159%	$374.8M	$577.0M	100x
SoDEX ETH-USD	+0.0081%	1h	2,733.8	−0.205%	$54.5M	$187.2M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0084%	8h	2,734.8	−0.170%	$1.65B	$10.92B	100x	as long as short
Aster ETHUSDT	+0.0085%	8h	2,734.5	−0.181%	$253.0M	$849.2M	200x	as long as short
Phemex ETHUSDT	+0.0092%	8h	2,733.9	−0.202%	$263.4M	$64.6M	150x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,734.7	−0.173%	$1.54B	$2.60B	500x	as long as short
Aftermath Perps ETHUSD	+0.0094%	1h	2,733.6	−0.211%	$30K	$20K	20x	as long as short
Binance ETHUSDT	+0.0095%	8h	2,734.7	−0.173%	$6.34B	$16.17B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,735.5	−0.142%	$112.6M	$437.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,736.7	−0.101%	$23.5M	$103.3M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,731.2	−0.300%	$4.9M	$159K	20x	as long as short
Bullet ETH-USD	+0.0098%	1h	2,734.7	−0.173%	$183K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0099%	8h	2,733.5	−0.217%	$958K	$11.0M	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,734.6	−0.175%	$511K	$3.5M	50x	as long as short
Paradex ETH-USD-PERPlong	+0.0100%	8h	2,739.4	long leg	$15.3M	$7.9M	50x
Nado ETH-PERP	+0.0100%	1h	2,734.7	−0.170%	$14.2M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,737.3	−0.077%	$3.12B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,735.9	−0.128%	$32.2M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,734.9	−0.165%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,735.3	−0.149%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,734.2	−0.191%	$164.8M	$347.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,735	−0.161%	$3.31B	$9.03B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,734.7	−0.173%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,733.7	−0.207%	$15.1M	$42.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,733.4	−0.219%	$134.0M	$323.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731.6	−0.286%	$185.7M	$682.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,732.6	−0.249%	$158.8M	$86.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,735	−0.161%	$21.0M	$70.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,736.3	−0.113%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,736	−0.124%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,734.5	−0.180%	$22K	$21K	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,734	−0.199%	$30.4M	$73.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,735.3	−0.148%	—	$30.4M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,735.3	−0.150%	$48.5M	$4.33B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,735.3	−0.148%	$5.6M	$11.6M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,737.3	−0.078%	$32.2M	$11.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0189%	1h	2,733.9	−0.200%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0192%	1h	2,735	−0.160%	$243K	$1.4M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0210%	1h	2,734.7	−0.172%	$82.2M	$312.9M	100x	as long as short
BloFin ETH-USDT	+0.0377%	8h	2,734.2	−0.189%	$281.6M	$175.7M	150x	as long as short