Funding you earn now, next payment 07:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.048%
Price spread now: Paradex against Hyperliquid−0.167%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Paradex is 0.167% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETHFI | 0.6929 | 0.0100 | pay 0.0013% / 1h | 30m 54s | $16.6M | $8.7M | 5x |
| Short | Paradex ETHFI-USD-PERP | 0.6917 | −0.0023 | pay 0.0023% / 8h | 1h 30m | $6K | — | 5x |
Hyperliquid ETHFI
Paradex ETHFI-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Hyperliquid. 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
- −$25.88
- Price spread: −0.167% → 0.000%
- −$16.74
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$55.62
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 12 min ago; Paradex: no order-book sample. 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 Hyperliquid live order book, 12 min ago | 0.07 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0417% | 4h | 0.6907 | −0.312% | $82K | $175K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0327% | 1h | 0.6928 | −0.009% | $40K | $11K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0283% | 4h | 0.6925 | −0.052% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0168% | 4h | 0.6929 | +0.010% | $921K | $778K | — | as long as short |
| Extended ETHFI-USD | −0.0040% | 1h | 0.6923 | −0.077% | $94K | $506K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0039% | 4h | 0.6925 | −0.052% | $24.0M | $36.2M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0036% | 4h | 0.6924 | −0.066% | $15.7M | $4.2M | 125x | as long as short |
| Bybit ETHFIUSDT | −0.0031% | 4h | 0.6928 | −0.009% | $17.2M | $13.1M | 25x | as long as short |
| Paradex ETHFI-USD-PERPshort | −0.0023% | 8h | 0.6917 | −0.167% | $6K | — | 5x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.494% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Bybit ETHFIUSDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6923 | −0.083% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6931 | +0.035% | $1.1M | $829K | 5x | as long as short |
| Hyperliquid ETHFIlong | +0.0100% | 1h | 0.6929 | long leg | $16.6M | $8.7M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6928 | −0.005% | $177K | $262K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6932 | +0.049% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6930 | +0.020% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6920 | −0.124% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6925 | −0.052% | $6.0M | $5.0M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6928 | −0.009% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6932 | +0.055% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6931 | +0.035% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0201% | 4h | 0.6924 | −0.066% | $1.2M | $239K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.7066 | +1.983% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1696% | 1h | 0.6937 | +0.128% | $289K | $297K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD