data as of
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Price arb /

ETH

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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−$51
spread now−0.088%7d average−0.040%fees + slippage, in and out−$47spread needed0.466%
Long on ParadexShort on Bullet
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,761.60.0100pay 0.0100% / 8h4m 18s$14.6M$11.6M50x
ShortBullet ETH-USD2,759.20.0026get 0.0003% / 1h4m 18s$193K$1.9M20x

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
−$8.83
Funding while held
−$2.2
Slippage, 4 orders
−$34.56
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$57.59
Spread needed to break even
0.466%
Slippage from Paradex: live order book, 1 min ago; Bullet: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0073%
Per $10,000 a day
−$2.20
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, 1 min ago15.34 bp17.3 bp −$1717.3 bp −$173doesn't fitdoesn't fit
Sell Bullet live order book, 1 min ago0.18 bp5.7 bp −$69.9 bp −$99doesn't fitdoesn't fit

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Derive2,755.8cheapestAftermath Perps2,757+0.044%Aevo2,757.4+0.058%Reya2,758.2+0.088%Perpl2,758.6+0.099%Ondo Perps2,758.9+0.112%Hotstuff2,758.9+0.112%KuCoin2,759+0.114%Polymarket Perps2,759+0.115%
Bullet2,759.2+0.123%
SunX2,759.2+0.124%MEXC2,759.4+0.129%Katana Perps2,759.4+0.130%Vest2,759.5+0.132%dYdX2,759.5+0.135%Pacifica2,759.5+0.135%Arcus2,759.6+0.137%01 Exchange2,759.6+0.137%BloFin2,759.6+0.137%OKX2,759.6+0.137%HTX2,759.6+0.138%RISEx2,759.7+0.141%Binance2,759.8+0.145%SoDEX2,759.9+0.148%Aster2,759.9+0.150%Phemex2,760+0.150%Gate2,760.2+0.160%edgeX2,760.3+0.162%Extended2,760.3+0.162%Bulk2,760.3+0.163%Backpack2,760.4+0.165%Bitget2,760.4+0.166%ApeX Omni2,760.4+0.167%BingX2,760.5+0.169%Bybit2,760.6+0.173%StandX2,760.6+0.173%Injective2,760.6+0.173%Kalshi2,760.9+0.184%Lighter2,760.9+0.185%Phoenix2,761+0.188%Bluefin2,761.3+0.198%Jupiter Perps2,761.3+0.199%GMX2,761.5+0.205%gTrade (Gains Network)2,761.6+0.210%
Paradex2,761.6+0.211%
Hibachi2,761.7+0.214%Kraken Futures2,761.9+0.221%Lighter RH2,762+0.223%Deribit2,762.5+0.241%Coinbase International2,762.5+0.242%Orderly2,762.6+0.245%Variational Omni2,762.7+0.249%Hyperliquid2,762.8+0.253%Nado2,764.3+0.308%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Derive ETH-PERP−0.211%+0.0290%1h$42.8M$27.7M15xas long as short
Aftermath Perps ETHUSD−0.167%+0.0317%1h$29K$27K20xas long as short
Aevo ETH-PERP−0.152%+0.0096%1h$5.0M$732K20xas long as short
Reya ETHRUSDPERP−0.123%+0.0163%1h$7.3M$970K25xas long as short
Perpl ETH−0.112%−0.0447%43m$410K$5.9M8.3xas long as short
Ondo Perps ETH-USD.P−0.099%+0.0100%1h$3.1M$14.4M25xas long as short
Hotstuff ETH-PERP−0.099%−0.0080%1h$5K$2K50xas long as short
KuCoin ETHUSDTM−0.097%+0.0100%8h$404.6M$677.8M100xas long as short
Polymarket Perps ETH-USD−0.096%+0.0100%1h$10.8M$5.4M50xas long as short
Bullet ETH-USDshort−0.088%+0.0026%1h$193K$1.9M20x
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX ETH-USDT−0.087%+0.0100%8h$951K$14.8M100xas long as short
MEXC ETH_USDT−0.082%+0.0093%8h$1.52B$2.52B500xas long as short
Katana Perps ETH-USD−0.081%+0.0100%8h$474K$2.1M50xas long as short
Vest ETH-PERP−0.079%+0.0100%1h—$1.2M50xas long as short
dYdX ETH-USD−0.076%+0.0071%1h$16.2M$33.1M50xas long as short
Pacifica ETH−0.076%+0.0100%1h$31.1M$212.7M50xas long as short
Arcus ETH-USD−0.074%+0.0100%1h$2.5M$15.8M25xas long as short
01 Exchange ETHUSD−0.074%0.0000%1h$180K$1.2M50xas long as short
BloFin ETH-USDT−0.074%+0.0213%8h$294.7M$181.2M150xas long as short
OKX ETH-USDT-SWAP−0.073%+0.0012%8h$1.71B$11.31B100xas long as short
HTX ETH-USDT−0.073%+0.0078%8h$1.09B$1.20B200xas long as short
RISEx ETH/USDC−0.070%+0.0171%1h$5.8M$13.5M25xas long as short
Binance ETHUSDT−0.066%+0.0093%8h$6.58B$15.71B150xas long as short
SoDEX ETH-USD−0.063%+0.0002%1h$55.7M$161.7M40xas long as short
Aster ETHUSDT−0.061%+0.0100%8h$270.2M$862.2M200xas long as short
Phemex ETHUSDT−0.060%+0.0020%8h$266.6M$67.0M150xas long as short
Gate ETH_USDT−0.051%−0.0050%8h$3.39B$9.05B200xas long as short
edgeX ETHUSDC−0.049%+0.0100%4h$176.6M$745.9M100xas long as short
Extended ETH-USD−0.049%+0.0104%1h$32.8M$75.4M50xas long as short
Bulk ETH-USD−0.048%+0.0100%1h$154.5M$270.8M25xas long as short
Backpack ETH_USDC_PERP−0.046%+0.0100%1h$15.2M$40.1M50xas long as short
Bitget ETHUSDT−0.045%+0.0064%8h$2.12B$3.16B150xas long as short
ApeX Omni ETHUSDT−0.044%+0.0016%1h$7.7M$27.7M100xas long as short
BingX ETH-USDC−0.042%+0.0100%8h—$16.9M—as long as short
Bybit ETHUSDT−0.038%+0.0100%8h$2.51B$4.47B150xas long as short
StandX ETH-USD−0.038%+0.0100%1h$21.2M$51.4M40xas long as short
Injective ETH/USDC PERP−0.038%+0.0067%1h$119K$22.5M52xas long as short
Kalshi KXETHPERP−0.027%0.0000%8h$9.0M$545.2M4.9xas long as short
Lighter ETH−0.026%+0.0096%1h$119.3M$511.3M50xas long as short
Phoenix ETH−0.023%+0.0050%1h$1.4M$2.4M25xas long as short
Bluefin ETH-PERP−0.013%+0.0100%1h$21K$26K25xas long as short
Jupiter Perps ETH-PERP−0.012%L +0.0096% / S +0.0048%1h—$44.9M500xas long as short
GMX ETH/USD [ETH-USDC]−0.006%L +0.0020% / S +0.0013%1h$12.1M—200xas long as short
gTrade (Gains Network) ETH/USD−0.001%L +0.0006% / S −0.0006%1h$22.3M—200xas long as short
Paradex ETH-USD-PERPlong0.000%+0.0100%8h$14.6M$11.6M50x
Hibachi ETH/USDT-P+0.003%+0.0072%1h$293K$1.3M20xas long as short
Kraken Futures PF_ETHUSD+0.010%+0.0348%1h$87.3M$315.3M100xas long as short
Lighter RH ETH+0.012%+0.0096%1h$26.0M$120.9M50xas long as short
Deribit ETH-PERPETUAL+0.030%+0.0250%1h$259.4M$217.2M50xas long as short
Coinbase International ETH-PERP-INTX+0.031%+0.0088%1h$61.0M$4.82B50xas long as short
Orderly PERP_ETH_USDC+0.034%+0.0203%8h$32.4M$10.8M100xas long as short
Variational Omni ETH+0.038%+0.0100%8h$154.5M$303.9M—as long as short
Hyperliquid ETH+0.042%+0.0387%1h$3.33B$2.20B25xas long as short
Nado ETH-PERP+0.096%+0.0100%1h$18.1M$113.9M50xas long as short