ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.51 per $10,000 · paid last 24h +0.017%

Price spread now: Paradex against Kalshi+0.048%7-day average +0.060% · 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−$21as in the Price arb table

costs, in and out, $10k−$190.195% of the position

Long on Kalshi Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.064%+$6 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.048%, 7d avg +0.060%

Together, before fees+0.010%+ Points / potential airdropParadex: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXETHPERP	2,731.1	0.0150	pay 0.0150% / 8h	39m 22s	$6.5M	$677.8M	4.9x
Short	Paradex ETH-USD-PERP	2,732.4	0.0098	get 0.0098% / 8h	4h 39m	$15.6M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kalshi. 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 KalshibpFee ParadexbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$10.79
Price spread: +0.048% → +0.060%: −$1.17
Slippage, 4 orders: −$5.49
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$31.45
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; Paradex: live order book, 5 min ago.

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 Kalshi live order book, 5 min ago	0.18 bp	5.4 bp −$5	7.2 bp −$72	11.4 bp −$1,143	16.8 bp −$8,411
Sell Paradex live order book, 5 min ago	2.16 bp	4.2 bp −$4	4.2 bp −$42	doesn't fit	doesn't fit

ETH on 55 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
Perpl ETH	−0.0447%	43m	2,728.9	−0.080%	$297K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,728.7	−0.088%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,729.2	−0.070%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,728.9	−0.081%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,729.7	−0.050%	$10.7M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,728.7	−0.088%	$187K	$842K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,728.8	−0.084%	$828K	$2.9M	25x	as long as short
Bullet ETH-USD	+0.0004%	1h	2,728.4	−0.099%	$180K	$1.7M	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,728.8	−0.085%	$26.8M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0039%	1h	2,729.5	−0.058%	$8.9M	$31.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0059%	8h	2,728	−0.114%	—	$1.14B	—	as long as short
SoDEX ETH-USD	+0.0059%	1h	2,729.4	−0.062%	$54.4M	$187.6M	40x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,728.1	−0.109%	$380.0M	$576.2M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,727	−0.150%	$1.67B	$10.70B	100x	as long as short
HTX ETH-USDT	+0.0078%	8h	2,728.3	−0.104%	$1.05B	$1.20B	200x	as long as short
Aster ETHUSDT	+0.0079%	8h	2,728.4	−0.099%	$251.2M	$844.3M	200x	as long as short
Deribit ETH-PERPETUAL	+0.0080%	1h	2,730.7	−0.015%	$260.1M	$196.6M	50x	as long as short
Bybit ETHUSDT	+0.0084%	8h	2,727.4	−0.136%	$2.39B	$4.35B	150x	as long as short
MEXC ETH_USDT	+0.0088%	8h	2,728.8	−0.083%	$1.52B	$2.55B	500x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,728.9	−0.080%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,728.3	−0.103%	$6.34B	$15.86B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,730.3	−0.031%	$112.2M	$436.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,731.5	+0.014%	$23.2M	$105.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,729	−0.075%	—	$30.6M	500x	as long as short
Phemex ETHUSDT	+0.0097%	8h	2,729.8	−0.049%	$265.3M	$65.5M	150x	as long as short
Paradex ETH-USD-PERPshort	+0.0098%	8h	2,732.4	+0.048%	$15.6M	$8.0M	50x
RISEx ETH/USDC	+0.0099%	1h	2,729.1	−0.075%	$5.6M	$11.5M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,728.1	−0.110%	$500K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,728.7	−0.090%	$13.8M	$104.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,730.9	−0.007%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.1	−0.036%	$31.9M	$334.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,728.2	−0.106%	$2.7M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,728.9	−0.079%	$2.8M	$16.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,728.4	−0.101%	$3.34B	$8.83B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.7	−0.086%	$2.07B	$2.75B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,728.4	−0.097%	$15.0M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,729.3	−0.067%	$133.2M	$325.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,730.8	−0.011%	$183.7M	$669.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.6	−0.018%	$158.9M	$86.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,729.7	−0.051%	$21.1M	$69.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,730	−0.040%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730.4	−0.026%	$11.1M	$9.1M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,731.7	+0.022%	$41.2M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,731.2	+0.004%	$957K	$11.4M	100x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,730.9	−0.008%	$166.8M	$318.0M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,727.3	−0.141%	$30.4M	$72.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,731	−0.005%	$51.5M	$4.26B	50x	as long as short
Aftermath Perps ETHUSD	+0.0125%	1h	2,731.2	+0.004%	$30K	$20K	20x	as long as short
Kalshi KXETHPERPlong	+0.0150%	8h	2,731.1	long leg	$6.5M	$677.8M	4.9x
Orderly PERP_ETH_USDC	+0.0193%	8h	2,729.7	−0.052%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0222%	1h	2,728	−0.113%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,729.5	−0.057%	$84.1M	$313.9M	100x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,732.4	+0.048%	$253K	$1.4M	20x	as long as short
Bluefin ETH-PERP	+0.0275%	1h	2,728.2	−0.107%	$21K	$20K	25x	as long as short
BloFin ETH-USDT	+0.0354%	8h	2,730.3	−0.030%	$282.9M	$174.9M	150x	as long as short