Funding you earn now, next payment 11:00 UTC−0.0617%/8h= −67.6% APRpaid last 24h −0.038%
Price spread now: Paradex against Kraken Futures−0.085%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
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Paradex is 0.085% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 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 | Kraken Futures PF_ETHFIUSD | 0.6970 | 0.0575 | pay 0.0072% / 1h | 46m 37s | $302K | $298K | 20x |
| Short | Paradex ETHFI-USD-PERP | 0.6964 | −0.0042 | pay 0.0042% / 8h | 5h 46m | $6K | — | 5x |
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Kraken Futures. 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
- −$129.61
- Price spread: −0.085% → 0.000%
- −$8.54
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$152.14
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 64 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 Kraken Futures live order book, 64 min ago | 4.30 bp | 45.4 bp −$45 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0612% | 1h | 0.6958 | −0.167% | $42K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0312% | 4h | 0.6954 | −0.225% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0189% | 4h | 0.6962 | −0.114% | $928K | $704K | — | as long as short |
| Paradex ETHFI-USD-PERPshort | −0.0042% | 8h | 0.6964 | −0.085% | $6K | — | 5x | |
| HTX ETHFI-USDT | +0.0009% | 4h | 0.6953 | −0.239% | $83K | $133K | 20x | as long as short |
| Bybit ETHFIUSDT | +0.0014% | 4h | 0.6967 | −0.038% | $17.1M | $11.8M | 25x | as long as short |
| MEXC ETHFI_USDT | +0.0022% | 4h | 0.6966 | −0.053% | $15.6M | $4.0M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0024% | 4h | 0.6967 | −0.043% | $24.4M | $32.0M | 75x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.6964 | −0.081% | $110K | $499K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.879% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
HTX ETHFI-USDT
Bybit ETHFIUSDT
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERPShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.6952 | −0.247% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0095% | 4h | 0.6950 | −0.282% | $1.2M | $233K | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6979 | +0.134% | $1.1M | $726K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6971 | +0.025% | $16.7M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6972 | +0.039% | $179K | $162K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6970 | +0.005% | $5.1M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6971 | +0.019% | $1.7M | $1.8M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6968 | −0.024% | $1.2M | $180K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6971 | +0.019% | $6.2M | $3.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6971 | +0.019% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6962 | −0.107% | $52K | $148K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6967 | −0.038% | $2K | $1.0M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0320% | 1h | 0.7040 | +1.009% | $32K | $5K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.0575% | 1h | 0.6970 | long leg | $302K | $298K | 20x |
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX