Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h −0.007%

Price spread now: RISEx against Paradex−0.155%7-day average −0.048% · 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−$23as in the Price arb table

costs, in and out, $10k−$130.126% of the position

Long on Paradex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.155%, 7d avg −0.048%

Together, before fees+0.102%+ Points / potential airdropParadex: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.107% cheaper against Paradex than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of −0.048%). If the spread goes back, that is −$11 on $10k: about 24 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.008% in total) that is about 49 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ETH-USD-PERP	2,737.4	0.0100	pay 0.0100% / 8h	1h 10m	$15.4M	$7.9M	50x
Short	RISEx ETH/USDC	2,733.2	0.0115	get 0.0014% / 1h	10m 25s	$5.6M	$11.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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

Position, each leg$Hold fordaysFee ParadexbpFee RISExbpOrdersPrice spread, now −0.155%Rate

Funding earned: $3.17
Price spread: −0.155% → −0.048%: −$10.75
Slippage, 4 orders: −$2.64
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$20.22
Costs to cover: 0.126%
Break-even: 51.7 days

Slippage from Paradex: live order book, 4 min ago; RISEx: live order book, 4 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 Paradex live order book, 4 min ago	0.80 bp	2.8 bp −$3	2.8 bp −$28	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.02 bp	3.0 bp −$3	3.9 bp −$39	doesn't fit	doesn't fit

ETH on 54 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
Hotstuff ETH-PERP	−0.0080%	1h	2,732.3	−0.187%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,733.1	−0.158%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,732.4	−0.185%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,733.5	−0.143%	$813K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,732.4	−0.185%	$10.5M	$42.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,732.7	−0.172%	$6.6M	$683.8M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,731.7	−0.210%	$288K	$5.8M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,732.8	−0.169%	$262.6M	$213.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,733.4	−0.147%	$33.0M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0013%	1h	2,732.7	−0.171%	$8.6M	$31.5M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0016%	1h	2,733.2	−0.154%	$191K	$891K	50x	as long as short
BingX ETH-USDC	+0.0024%	8h	2,731.6	−0.212%	—	$18.6M	—	as long as short
HTX ETH-USDT	+0.0025%	8h	2,732	−0.198%	$1.05B	$1.22B	200x	as long as short
Bybit ETHUSDT	+0.0028%	8h	2,731.7	−0.210%	$2.34B	$4.38B	150x	as long as short
KuCoin ETHUSDTM	+0.0067%	8h	2,731.8	−0.205%	$379.6M	$576.8M	100x	as long as short
SoDEX ETH-USD	+0.0071%	1h	2,731.8	−0.205%	$54.4M	$187.1M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0082%	8h	2,731.7	−0.210%	$1.65B	$10.86B	100x	as long as short
Aster ETHUSDT	+0.0083%	8h	2,732.1	−0.194%	$253.1M	$846.8M	200x	as long as short
Bullet ETH-USD	+0.0089%	1h	2,732	−0.197%	$189K	$1.7M	20x	as long as short
Phemex ETHUSDT	+0.0089%	8h	2,731.8	−0.204%	$263.1M	$64.4M	150x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,732	−0.199%	$1.54B	$2.61B	500x	as long as short
Binance ETHUSDT	+0.0095%	8h	2,732.4	−0.185%	$6.33B	$16.10B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,733.7	−0.136%	$112.8M	$438.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,734.6	−0.104%	$23.5M	$103.4M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,729.5	−0.289%	$4.9M	$165K	20x	as long as short
Aftermath Perps ETHUSD	+0.0097%	1h	2,733.2	−0.154%	$30K	$20K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,732	−0.198%	$502K	$3.5M	50x	as long as short
Paradex ETH-USD-PERPlong	+0.0100%	8h	2,737.4	long leg	$15.4M	$7.9M	50x
Nado ETH-PERP	+0.0100%	1h	2,732.9	−0.165%	$14.1M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734.2	−0.117%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,734	−0.124%	$32.2M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,731.6	−0.212%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,733.1	−0.156%	$1.5M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,731.8	−0.205%	$164.2M	$349.6M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,732.8	−0.170%	$3.31B	$9.04B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,732.1	−0.195%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.8	−0.205%	$15.1M	$41.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,731.2	−0.227%	$134.1M	$321.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,732.2	−0.192%	$185.8M	$682.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,733.3	−0.151%	$158.8M	$85.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,733.1	−0.158%	$21.0M	$70.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,733.7	−0.136%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,733.5	−0.143%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,732.8	−0.169%	$22K	$21K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,731.6	−0.213%	$958K	$11.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,731.4	−0.218%	$30.4M	$73.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,732.6	−0.178%	—	$30.4M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,733.1	−0.159%	$46.6M	$4.31B	50x	as long as short
RISEx ETH/USDCshort	+0.0115%	1h	2,733.2	−0.155%	$5.6M	$11.6M	25x
Hibachi ETH/USDT-P	+0.0152%	1h	2,732.8	−0.169%	$243K	$1.4M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,734.1	−0.120%	$32.2M	$11.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0188%	1h	2,731.1	−0.232%	$7.3M	$975K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0210%	1h	2,732.5	−0.181%	$82.1M	$309.9M	100x	as long as short
BloFin ETH-USDT	+0.0383%	8h	2,731.8	−0.207%	$280.5M	$175.3M	150x	as long as short