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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.007%
Price spread now: Paradex against Aevo+0.296%7-day average +0.160% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Long on AevoShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.018%+$2 on $10k
Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.296%, 7d avg +0.160%
Together, before fees−0.103%+ Points / potential airdropParadex: Active · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.135% dearer against Aevo than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.160%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,729.60.0096pay 0.0012% / 1h5m 10s$4.9M$171K20x
ShortParadex ETH-USD-PERP2,737.70.0100get 0.0100% / 8h1h 05m$15.4M$7.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.83
Price spread: +0.296% → +0.160%
$13.54
Slippage, 4 orders
−$18.98
Fee Aevo: 8 bp × 2 orders
−$16
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$24.61
Costs to cover
0.390%
Break-even
214.4 days
Slippage from Aevo: live order book, 4 min ago; Paradex: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 4 min ago5.72 bp17.1 bp −$1737.6 bp −$376doesn't fitdoesn't fit
Sell Paradex live order book, 4 min ago0.75 bp4.1 bp −$45.6 bp −$56doesn't fitdoesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,734.8+0.189%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,734.2+0.167%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.6+0.109%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,734.4+0.174%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,734.1+0.161%$10.5M$42.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733.4+0.137%$6.6M$682.4M4.9xas long as short
Perpl ETH0.0000%43m2,732+0.087%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,732.8+0.115%$262.5M$213.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.7+0.113%$33.0M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,733.2+0.130%$191K$890K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0023%8h2,731.5+0.066%—$18.6M—as long as short
ApeX Omni ETHUSDT+0.0025%1h2,731.9+0.084%$8.6M$31.5M100xas long as short
Bybit ETHUSDT+0.0027%8h2,731.6+0.073%$2.34B$4.38B150xas long as short
HTX ETH-USDT+0.0029%8h2,732.2+0.093%$1.05B$1.22B200xas long as short
KuCoin ETHUSDTM+0.0067%8h2,732.4+0.102%$380.7M$576.9M100xas long as short
SoDEX ETH-USD+0.0072%1h2,731.7+0.075%$54.4M$187.2M40xas long as short
OKX ETH-USDT-SWAP+0.0080%8h2,731.7+0.075%$1.65B$10.86B100xas long as short
Aster ETHUSDT+0.0083%8h2,732.1+0.088%$253.0M$846.7M200xas long as short
Phemex ETHUSDT+0.0090%8h2,732.1+0.089%$263.0M$64.6M150xas long as short
Bullet ETH-USD+0.0091%1h2,732.3+0.097%$188K$1.7M20xas long as short
MEXC ETH_USDT+0.0095%8h2,731.7+0.074%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0095%8h2,731.7+0.076%$6.33B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,732.6+0.110%$112.8M$439.1M50xas long as short
Lighter RH ETH+0.0096%1h2,733.8+0.150%$23.5M$103.5M50xas long as short
Aevo ETH-PERPlong+0.0096%1h2,729.6long leg$4.9M$171K20x
Katana Perps ETH-USD+0.0100%8h2,731.9+0.082%$502K$3.5M50xas long as short
Paradex ETH-USD-PERPshort+0.0100%8h2,737.7+0.296%$15.4M$7.9M50x
Nado ETH-PERP+0.0100%1h2,733+0.122%$14.2M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.8+0.189%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,734.1+0.161%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.1+0.126%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.2+0.130%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8+0.079%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.4+0.102%$3.31B$9.05B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.8+0.077%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.7+0.074%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,732.5+0.105%$134.3M$320.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.3+0.061%$185.7M$682.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.6+0.109%$158.8M$84.8M50xas long as short
StandX ETH-USD+0.0100%1h2,734.1+0.163%$21.0M$70.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.3+0.171%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.8+0.152%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.2+0.130%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.9+0.229%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.2+0.093%$958K$10.9M100xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,733.3+0.133%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,730.9+0.047%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,733.6+0.144%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733+0.124%$46.4M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,733.2+0.130%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0128%1h2,734.7+0.183%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,734.5+0.178%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0187%1h2,731.7+0.075%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,732.3+0.095%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0359%8h2,731.7+0.074%$281.4M$176.1M150xas long as short