Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0403%/8h= −44.2% APRpaid last 24h −0.031%

Price spread now: HTX against Paradex+0.109%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on HTX

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

The price spread pays, funding is against you. HTX is 0.109% dearer against Paradex than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ETHFI-USD-PERP	0.6926	−0.0011	get 0.0011% / 8h	58m 30s	$6K	—	5x
Short	HTX ETHFI-USDT	0.6934	−0.0415	pay 0.0207% / 4h	58m 30s	$82K	$168K	20x

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 +0.109%Rate

Funding earned: −$84.73
Price spread: +0.109% → 0.000%: $10.89
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$89.84
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 43 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 HTX live order book, 43 min ago	10.81 bp	24.4 bp −$24	doesn't fit	doesn't fit	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
Deribit ETHFI_USDC-PERPETUAL	−0.0614%	1h	0.6938	+0.167%	$41K	$11K	10x	as long as short
HTX ETHFI-USDTshort	−0.0415%	4h	0.6934	+0.109%	$82K	$168K	20x
Orderly PERP_ETHFI_USDC	−0.0282%	4h	0.6935	+0.123%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0118%	4h	0.6936	+0.135%	$914K	$786K	—	as long as short
Extended ETHFI-USD	−0.0016%	1h	0.6924	−0.037%	$95K	$505K	10x	as long as short
Binance ETHFIUSDT	−0.0014%	4h	0.6926	−0.002%	$24.1M	$36.1M	75x	as long as short
MEXC ETHFI_USDT	−0.0012%	4h	0.6927	+0.008%	$15.7M	$4.1M	125x	as long as short
Paradex ETHFI-USD-PERPlong	−0.0011%	8h	0.6926	long leg	$6K	—	5x
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+4.527%	$321	$51K	5.5x	as long as short
Bybit ETHFIUSDT	+0.0054%	4h	0.6933	+0.094%	$17.1M	$13.1M	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0080%	1h	0.6934	+0.104%	$8K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.6933	+0.094%	$1.1M	$828K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6934	+0.109%	$16.6M	$8.7M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.6939	+0.180%	$177K	$263K	10x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6934	+0.109%	$5.1M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6937	+0.152%	$1.7M	$2.0M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6941	+0.210%	$1.2M	$225K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6928	+0.022%	$6.0M	$4.9M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.6931	+0.066%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6936	+0.135%	$52K	$149K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6933	+0.094%	$2K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0226%	4h	0.6933	+0.094%	$1.2M	$239K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0272%	1h	0.6952	+0.369%	$31K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0823%	1h	0.6949	+0.330%	$290K	$286K	20x	as long as short