data as of
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Price arb /

ETH

all ETH markets
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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.

After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.216%7d average−0.072%fees + slippage, in and out−$19spread needed0.185%
Long on ParadexShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,7440.0100pay 0.0100% / 8h19m 03s$14.3M$11.5M50x
ShortBackpack ETH_USDC_PERP2,738.10.0100get 0.0013% / 1h19m 03s$14.9M$39.7M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$21.56
Funding while held
$0.01
Slippage, 4 orders
−$4.51
Fee Paradex: 2 bp × 2 orders
−$4
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$40.06
Spread needed to break even
0.185%
Slippage from Paradex: live order book, 2 min ago; Backpack: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.01
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex live order book, 2 min ago2.15 bp4.2 bp −$44.2 bp −$42doesn't fitdoesn't fit
Sell Backpack live order book, 2 min ago0.02 bp5.0 bp −$56.0 bp −$6016.5 bp −$1,648doesn't fit

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Bulk2,732cheapestInjective2,733.9+0.068%Variational Omni2,734.5+0.088%edgeX2,735.4+0.123%Aevo2,737.2+0.190%StandX2,737.3+0.193%Aftermath Perps2,737.4+0.196%Extended2,737.5+0.200%Binance2,737.7+0.208%OKX2,737.8+0.212%Bitget2,737.8+0.212%SunX2,737.9+0.214%ApeX Omni2,738+0.217%Gate2,738+0.217%Phemex2,738+0.218%
Backpack2,738.1+0.220%
HTX2,738.2+0.224%BingX2,738.2+0.225%MEXC2,738.2+0.226%Bybit2,738.3+0.229%BloFin2,738.5+0.235%SoDEX2,738.5+0.236%KuCoin2,738.6+0.239%Hotstuff2,738.8+0.247%Bullet2,739.1+0.257%Aster2,739.1+0.258%Reya2,739.1+0.258%Lighter2,739.3+0.266%Ondo Perps2,739.6+0.277%Nado2,739.6+0.277%Hibachi2,739.8+0.284%GMX2,739.8+0.284%Vest2,739.8+0.284%gTrade (Gains Network)2,739.9+0.286%Lighter RH2,740+0.290%Perpl2,740+0.290%01 Exchange2,740+0.291%Phoenix2,740+0.291%Bluefin2,740.1+0.295%Kraken Futures2,740.1+0.297%Katana Perps2,740.2+0.299%Kalshi2,740.2+0.299%Jupiter Perps2,740.3+0.303%Pacifica2,740.3+0.304%dYdX2,740.4+0.305%Polymarket Perps2,740.4+0.306%Coinbase International2,740.6+0.313%Deribit2,740.8+0.319%Arcus2,740.8+0.321%RISEx2,740.8+0.321%Orderly2,741.6+0.351%Hyperliquid2,742.1+0.368%Derive2,743.1+0.405%
Paradex2,744+0.437%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk ETH-USD−0.435%+0.0100%1h$150.8M$273.0M25xas long as short
Injective ETH/USDC PERP−0.367%+0.0067%1h$117K$22.5M52xas long as short
Variational Omni ETH−0.347%+0.0100%8h$151.5M$301.6M—as long as short
edgeX ETHUSDC−0.312%+0.0100%4h$177.4M$750.7M100xas long as short
Aevo ETH-PERP−0.245%+0.0096%1h$5.0M$735K20xas long as short
StandX ETH-USD−0.243%+0.0100%1h$21.0M$51.6M40xas long as short
Aftermath Perps ETHUSD−0.240%+0.0282%1h$29K$27K20xas long as short
Extended ETH-USD−0.236%+0.0104%1h$32.4M$75.0M50xas long as short
Binance ETHUSDT−0.228%+0.0091%8h$6.53B$15.40B150xas long as short
OKX ETH-USDT-SWAP−0.224%+0.0013%8h$1.71B$11.03B100xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget ETHUSDT−0.224%+0.0064%8h$2.13B$3.09B150xas long as short
SunX ETH-USDT−0.221%+0.0100%8h$944K$14.6M100xas long as short
ApeX Omni ETHUSDT−0.219%−0.0040%1h$7.7M$27.6M100xas long as short
Gate ETH_USDT−0.218%−0.0046%8h$3.72B$8.69B200xas long as short
Phemex ETHUSDT−0.217%+0.0044%8h$264.9M$66.4M150xas long as short
Backpack ETH_USDC_PERPshort−0.216%+0.0100%1h$14.9M$39.7M50x
HTX ETH-USDT−0.212%+0.0084%8h$1.08B$1.18B200xas long as short
BingX ETH-USDT−0.210%+0.0100%8h—$1.10B—as long as short
MEXC ETH_USDT−0.209%+0.0090%8h$1.53B$2.47B500xas long as short
Bybit ETHUSDT−0.206%+0.0100%8h$2.48B$4.40B150xas long as short
BloFin ETH-USDT−0.200%+0.0211%8h$296.1M$177.5M150xas long as short
SoDEX ETH-USD−0.199%−0.0019%1h$55.3M$161.6M40xas long as short
KuCoin ETHUSDTM−0.196%+0.0100%8h$440.9M$664.1M100xas long as short
Hotstuff ETH-PERP−0.188%−0.0080%1h$5K$2K50xas long as short
Bullet ETH-USD−0.179%+0.0011%1h$191K$1.9M20xas long as short
Aster ETHUSDT−0.178%+0.0100%8h$273.0M$844.8M200xas long as short
Reya ETHRUSDPERP−0.178%+0.0160%1h$7.3M$972K25xas long as short
Lighter ETH−0.169%+0.0096%1h$118.4M$499.0M50xas long as short
Ondo Perps ETH-USD.P−0.159%+0.0100%1h$3.0M$13.6M25xas long as short
Nado ETH-PERP−0.159%+0.0100%1h$17.8M$113.2M50xas long as short
Hibachi ETH/USDT-P−0.152%+0.0104%1h$288K$1.3M20xas long as short
GMX ETH/USD [ETH-USDC]−0.152%L +0.0019% / S +0.0013%1h$11.9M—200xas long as short
Vest ETH-PERP−0.152%+0.0100%1h—$1.2M50xas long as short
gTrade (Gains Network) ETH/USD−0.150%L +0.0006% / S −0.0006%1h$22.2M—200xas long as short
Lighter RH ETH−0.146%+0.0096%1h$25.5M$119.0M50xas long as short
Perpl ETH−0.146%−0.0447%43m$407K$5.9M8.3xas long as short
01 Exchange ETHUSD−0.145%+0.0016%1h$188K$1.1M50xas long as short
Phoenix ETH−0.145%+0.0050%1h$1.4M$2.4M25xas long as short
Bluefin ETH-PERP−0.141%+0.0100%1h$21K$25K25xas long as short
Kraken Futures PF_ETHUSD−0.139%+0.0350%1h$87.7M$313.0M100xas long as short
Katana Perps ETH-USD−0.137%+0.0100%8h$474K$2.0M50xas long as short
Kalshi KXETHPERP−0.137%0.0000%8h$7.1M$536.2M4.9xas long as short
Jupiter Perps ETH-PERP−0.133%L +0.0096% / S +0.0048%1h—$44.7M500xas long as short
Pacifica ETH−0.132%+0.0100%1h$30.9M$209.4M50xas long as short
dYdX ETH-USD−0.131%+0.0098%1h$16.1M$33.0M50xas long as short
Polymarket Perps ETH-USD−0.130%+0.0100%1h$10.7M$5.3M50xas long as short
Coinbase International ETH-PERP-INTX−0.123%+0.0088%1h$60.3M$4.78B50xas long as short
Deribit ETH-PERPETUAL−0.117%+0.0137%1h$260.4M$214.8M50xas long as short
Arcus ETH-USD−0.115%+0.0100%1h$2.5M$15.6M25xas long as short
RISEx ETH/USDC−0.115%+0.0171%1h$5.8M$13.4M25xas long as short
Orderly PERP_ETH_USDC−0.086%+0.0208%8h$32.2M$10.7M100xas long as short
Hyperliquid ETH−0.068%+0.0346%1h$3.27B$2.17B25xas long as short
Derive ETH-PERP−0.031%+0.0390%1h$42.7M$27.2M15xas long as short
Paradex ETH-USD-PERPlong0.000%+0.0100%8h$14.3M$11.5M50x