Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.035%
Price spread now: Paradex against Injective+0.114%99s7-day average +0.032% · 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—prices read too far apart to compare
costs, in and out, $10k−$700.697% of the position
Long on InjectiveShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.043%+$4 on $10k
Price spread, last 4 days (all we have)+0.200%+$20 · spread now +0.114%, 7d avg +0.032%
Together, before fees+0.243%+ Points / potential airdropParadex: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Paradex is 0.083% dearer against Injective than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.032%. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.043% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETH/USDC PERP2,735.3−0.0141get 0.0018% / 1h23m 32s$117K$22.5M52x
ShortParadex ETH-USD-PERP2,738.40.0098get 0.0098% / 8h4h 23m$15.6M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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

Funding earned
$50.38
Price spread: +0.114% → +0.032%
$8.28
Slippage, 4 orders
−$65.72
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$11.08
Costs to cover
0.697%
Break-even
8.5 days
Slippage from Injective: live order book, 1 min ago; Paradex: live order book, 1 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 Injective live order book, 1 min ago12.77 bp12.8 bp −$1312.8 bp −$12812.8 bp −$1,27820945.7 bp −$10.47M
Sell Paradex live order book, 1 min ago2.34 bp4.3 bp −$44.3 bp −$43doesn'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
Perpl ETH−0.0447%43m2,734.9−0.016%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERPlong−0.0141%1h2,735.3long leg$117K$22.5M52x
Hotstuff ETH-PERP−0.0080%1h2,735.7+0.015%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,735.2−0.005%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,735.1−0.007%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,734.9−0.015%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735−0.011%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,735.3−0.001%$28.1M—200xas long as short
Bullet ETH-USD+0.0007%1h2,734.8−0.018%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735−0.013%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0052%8h2,734.3−0.037%$1.06B$1.20B200xas long as short
BingX ETH-USDC+0.0055%8h2,733.7−0.058%—$18.4M—as long as short
Bybit ETHUSDT+0.0064%8h2,733.9−0.052%$2.39B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0066%8h2,735.1−0.008%$380.4M$574.7M100xas long as short
Phemex ETHUSDT+0.0068%8h2,734.7−0.022%$265.9M$65.3M150xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,734.1−0.043%$1.67B$10.72B100xas long as short
SoDEX ETH-USD+0.0081%1h2,735.2−0.004%$54.5M$187.6M40xas long as short
Aster ETHUSDT+0.0087%8h2,734.5−0.028%$251.0M$842.7M200xas long as short
MEXC ETH_USDT+0.0094%8h2,734−0.047%$1.54B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,734.3−0.038%$6.35B$15.86B150xas long as short
Lighter ETH+0.0096%1h2,734.8−0.019%$112.9M$439.9M50xas long as short
Lighter RH ETH+0.0096%1h2,736.1+0.031%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,735.5+0.008%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,732.2−0.114%$4.9M$155K20xas long as short
Paradex ETH-USD-PERPshort+0.0098%8h2,738.4+0.114%$15.6M$8.0M50x
RISEx ETH/USDC+0.0099%1h2,734.8−0.019%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.5−0.029%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.5−0.030%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.6+0.048%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,735−0.010%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.2−0.077%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.8−0.017%$1.6M$16.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.3−0.035%$3.34B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.4−0.034%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,734.9−0.016%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.8−0.093%$133.6M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,733.7−0.060%$183.9M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.7−0.059%$159.0M$86.6M50xas long as short
StandX ETH-USD+0.0100%1h2,735−0.011%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.30.000%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736+0.026%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,735−0.011%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,736.5+0.044%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,734.1−0.045%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8−0.017%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,733.3−0.074%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,736.3+0.037%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0119%1h2,735.2−0.005%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0140%8h2,735.2−0.004%$6.7M$678.5M4.9xas long as short
Deribit ETH-PERPETUAL+0.0145%1h2,736.3+0.037%$260.1M$195.8M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,737.1+0.064%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0220%1h2,733.5−0.066%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.8+0.019%$83.4M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,735.9+0.023%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0377%8h2,735.2−0.002%$282.7M$175.2M150xas long as short