Funding arb · Price arb /

ETHFI

all ETHFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.032%

Price spread now: Binance against Paradex−0.041%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Binance

What this pair did over the last

the charts below follow

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 airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Binance is 0.041% cheaper against Paradex than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 42 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ETHFI-USD-PERP	0.7187	−0.0034	get 0.0034% / 8h	7h 30m	$6K	—	5x
Short	Binance ETHFIUSDT	0.7184	0.0045	get 0.0022% / 4h	3h 30m	$25.1M	$36.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.041%Rate

Funding earned: $16.6
Price spread: −0.041% → 0.000%: −$4.1
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1.5
Costs to cover: 0.140%
Break-even: 7.6 days

Slippage unknown: Paradex: no order-book sample; Binance: live order book, 11 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.69 bp	12.8 bp −$13	30.5 bp −$305	129.4 bp −$12.9K	doesn't fit

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	−0.0954%	4h	0.7171	−0.222%	$83K	$159K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0306%	1h	0.7191	+0.056%	$41K	$13K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0200%	4h	0.7187	+0.001%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0061%	4h	0.7188	+0.013%	$1.0M	$728K	—	as long as short
Bybit ETHFIUSDT	−0.0036%	4h	0.7188	+0.015%	$18.2M	$12.8M	25x	as long as short
Paradex ETHFI-USD-PERPlong	−0.0034%	8h	0.7187	long leg	$6K	—	5x
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.738%	$321	$51K	5.5x	as long as short
Extended ETHFI-USD	+0.0040%	1h	0.7182	−0.073%	$100K	$467K	10x	as long as short
MEXC ETHFI_USDT	+0.0042%	4h	0.7186	−0.013%	$15.4M	$3.8M	125x	as long as short
Binance ETHFIUSDTshort	+0.0045%	4h	0.7184	−0.041%	$25.1M	$36.8M	75x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0088%	1h	0.7185	−0.023%	$9K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7197	+0.137%	$1.1M	$894K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7192	+0.069%	$18.0M	$8.9M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7188	+0.015%	$184K	$258K	10x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7195	+0.112%	$5.0M	$12.5M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7193	+0.084%	$1.7M	$2.0M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7188	+0.015%	$1.2M	$270K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7186	−0.013%	$6.1M	$5.6M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7191	+0.056%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7190	+0.047%	$71K	$116K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7191	+0.056%	$2K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0168%	1h	0.7237	+0.696%	$32K	$6K	50x	as long as short
BloFin ETHFI-USDT	+0.0170%	4h	0.7187	+0.001%	$1.3M	$272K	75x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0220%	1h	0.7196	+0.127%	$273K	$164K	20x	as long as short