Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.014%
Price spread now: Paradex against BingX−0.026%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.026% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETHFI-USDT0.71790.0100pay 0.0050% / 4h26m 01s$26.1M
ShortParadex ETHFI-USD-PERP0.71770.0011get 0.0011% / 8h26m 01s$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against BingX. 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
−$18.61
Price spread: −0.026% → 0.000%
−$2.56
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$35.17
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 13 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 13 min ago1.39 bp8.3 bp −$811.0 bp −$11021.3 bp −$2,13359.4 bp −$29.7K
Sell Paradex no order-book sample
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETHFI on 24 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
Deribit ETHFI_USDC-PERPETUAL−0.0446%1h0.71790.000%$42K$18K10xas long as short
HTX ETHFI-USDT−0.0351%4h0.7169−0.139%$83K$164K20xas long as short
Orderly PERP_ETHFI_USDC−0.0188%4h0.7176−0.042%$16K$1K10xas long as short
Paradex ETHFI-USD-PERPshort+0.0011%8h0.7177−0.026%$6K5x
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.850%$321$51K5.5xas long as short
MEXC ETHFI_USDT+0.0036%4h0.7178−0.014%$15.3M$3.8M125xas long as short
Binance ETHFIUSDT+0.0037%4h0.7176−0.042%$25.0M$37.3M75xas long as short
Extended ETHFI-USD+0.0040%1h0.7173−0.077%$93K$492K10xas long as short
Aster ETHFIUSDT+0.0071%4h0.7184+0.075%$183K$259K10xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7173−0.090%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7189+0.145%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7189+0.134%$18.2M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7180+0.014%$18.2M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7183+0.056%$5.0M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7180+0.014%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7184+0.070%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7175−0.056%$6.1M$5.7M75xas long as short
BingX ETHFI-USDTlong+0.0100%4h0.7179long leg$26.1M
Variational Omni ETHFI+0.0100%4h0.7178−0.018%$1.1M$738Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7183+0.050%$59K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7180+0.014%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0145%4h0.7187+0.111%$1.3M$288K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+0.808%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0551%1h0.7190+0.151%$277K$161K20xas long as short