Funding you earn now, next payment 08:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h −0.039%
Price spread now: Paradex against Polymarket Perps−0.185%48s7-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 −$6 a day on $10k at the current rate, and Paradex is 0.185% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ETHFI-USD | 0.6959 | 0.0100 | pay 0.0013% / 1h | 12m 42s | $52K | $149K | 5x |
| Short | Paradex ETHFI-USD-PERP | 0.6947 | −0.0087 | pay 0.0087% / 8h | 12m 42s | $6K | — | 5x |
Polymarket Perps ETHFI-USD
Paradex ETHFI-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Polymarket Perps. 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
- −$39.17
- Price spread: −0.185% → 0.000%
- −$18.52
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$69.69
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 55 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 Polymarket Perps live order book, 55 min ago | 2.16 bp | 12.5 bp −$12 | 1614.1 bp −$16.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0468% | 1h | 0.6954 | −0.078% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0414% | 4h | 0.6949 | −0.149% | $82K | $150K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0287% | 4h | 0.6952 | −0.106% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0196% | 4h | 0.6952 | −0.100% | $916K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERPshort | −0.0087% | 8h | 0.6947 | −0.185% | $6K | — | 5x | |
| Bybit ETHFIUSDT | −0.0073% | 4h | 0.6948 | −0.164% | $17.1M | $12.9M | 25x | as long as short |
| Extended ETHFI-USD | −0.0008% | 1h | 0.6944 | −0.220% | $94K | $503K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0007% | 4h | 0.6947 | −0.176% | $24.2M | $35.9M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0006% | 4h | 0.6946 | −0.193% | $15.7M | $4.2M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.032% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Bybit ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6950 | −0.135% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6958 | −0.020% | $1.1M | $828K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6958 | −0.017% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6949 | −0.156% | $178K | $253K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6952 | −0.106% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6956 | −0.049% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6954 | −0.078% | $1.2M | $222K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6949 | −0.149% | $6.1M | $4.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6949 | −0.149% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USDlong | +0.0100% | 1h | 0.6959 | long leg | $52K | $149K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6949 | −0.149% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0233% | 4h | 0.6950 | −0.135% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0272% | 1h | 0.6990 | +0.440% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0820% | 1h | 0.6970 | +0.151% | $291K | $283K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD