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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0140%/8h= −15.4% APRpaid last 24h −0.027%
Price spread now: Injective against Paradex−0.023%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2122.119% of the position
Long on ParadexShort on Injective
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.024%−$2 on $10k
Price spread, last 3 days (all we have)−0.232%−$23 · spread now −0.023%, 7d avg −0.034%
Together, before fees−0.255%+ Points / potential airdropParadex: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,770.90.0100pay 0.0100% / 8h1h 26m$15.9M$10.5M50x
ShortInjective ETH/USDC PERP2,770.3−0.0041pay 0.0005% / 1h26m 07s$119K$22.5M52x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Paradex. 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
−$29.5
Price spread: −0.023% → −0.034%
$1.08
Slippage, 4 orders
−$207.89
Fee Paradex: 2 bp × 2 orders
−$4
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$240.33
Costs to cover
2.119%
Break-even
never at this rate
Slippage from Paradex: live order book, 3 min ago; Injective: live order book, 3 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 Paradex live order book, 3 min ago67.94 bp81.6 bp −$8299.9 bp −$999doesn't fitdoesn't fit
Sell Injective live order book, 3 min ago14.22 bp46.1 bp −$4647.2 bp −$47247.3 bp −$4,734doesn'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%43m2,772.4+0.052%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,771.2+0.010%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.9+0.071%$5K$2K50xas long as short
Injective ETH/USDC PERPshort−0.0041%1h2,770.3−0.023%$119K$22.5M52x
01 Exchange ETHUSD−0.0040%1h2,772.2+0.045%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0017%1h2,773.7+0.101%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,773.3+0.084%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,769.6−0.049%$883K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.3+0.084%$22.4M—200xas long as short
BingX ETH-USDT+0.0017%8h2,771+0.001%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,771+0.002%$1.70B$11.84B100xas long as short
Phemex ETHUSDT+0.0023%8h2,771.8+0.029%$269.5M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,773.2+0.081%$13.0M—200xas long as short
Aster ETHUSDT+0.0032%8h2,771.6+0.024%$255.8M$991.0M200xas long as short
Bullet ETH-USD+0.0036%1h2,772.3+0.050%$180K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0053%1h2,772.9+0.070%$258.3M$222.2M50xas long as short
MEXC ETH_USDT+0.0060%8h2,771.2+0.008%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0060%8h2,771.2+0.010%$6.42B$17.17B150xas long as short
Nado ETH-PERP+0.0060%1h2,772.1+0.043%$14.3M$118.1M50xas long as short
Aevo ETH-PERP+0.0064%1h2,769.5−0.053%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0071%8h2,771.2+0.009%$2.10B$3.10B150xas long as short
SoDEX ETH-USD+0.0072%1h2,771.2+0.009%$55.2M$228.9M40xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,772.4+0.054%$8.8M$32.6M100xas long as short
Gate ETH_USDT+0.0074%8h2,771+0.001%$3.28B$9.62B200xas long as short
Bybit ETHUSDT+0.0093%8h2,771.2+0.008%$2.51B$4.61B150xas long as short
HTX ETH-USDT+0.0094%8h2,772.2+0.046%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,771.7+0.029%$115.0M$500.3M50xas long as short
Lighter RH ETH+0.0096%1h2,773.1+0.078%$25.3M$121.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.2+0.082%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0098%8h2,771.3+0.012%$423.1M$739.3M100xas long as short
Paradex ETH-USD-PERPlong+0.0100%8h2,770.9long leg$15.9M$10.5M50x
Katana Perps ETH-USD+0.0100%8h2,771.9+0.034%$476K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.6+0.095%$3.18B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,772.4+0.053%$31.2M$299.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771+0.002%$2.8M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,773+0.074%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.127%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.2+0.007%$15.1M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,769.4−0.054%$135.0M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,770.7−0.009%$181.3M$782.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.9+0.072%$161.3M$91.2M50xas long as short
StandX ETH-USD+0.0100%1h2,774.1+0.114%$21.4M$58.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,773+0.074%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.8+0.103%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,785.4+0.521%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.6+0.096%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.5−0.016%$971K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,770.7−0.009%$32.9M$77.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.4+0.052%$60.0M$4.59B50xas long as short
Kalshi KXETHPERP+0.0123%8h2,773+0.074%$8.5M$677.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,775.1+0.148%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,772+0.037%$85.9M$331.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,773.1+0.076%$285.2M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0191%1h2,772.4+0.052%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,775.1+0.151%$271K$1.5M20xas long as short