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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0003%/8hpaid last 24h −0.012%
Price spread now: Paradex against Bitget−0.046%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 3 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.046% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHFIUSDT0.7234−0.0036get 0.0018% / 4h5m 52s$6.2M$5.5M75x
ShortParadex ETHFI-USD-PERP0.7231−0.0033pay 0.0033% / 8h4h 05m$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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
$0.68
Price spread: −0.046% → 0.000%
−$4.63
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$19.95
Costs to cover
0.160%
Break-even
211.3 days
Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago2.07 bp12.8 bp −$1327.5 bp −$275doesn't fitdoesn't fit
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
Injective ETHFI/USDC PERP−0.0404%1h0.7240+0.083%$321$51K5.5xas long as short
Kraken Futures PF_ETHFIUSD−0.0394%1h0.7245+0.146%$282K$159K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0302%1h0.7238+0.055%$44K$18K10xas long as short
Orderly PERP_ETHFI_USDC−0.0142%4h0.72340.000%$17K$1K10xas long as short
Variational Omni ETHFI−0.0113%4h0.7223−0.153%$1.1M$707Kas long as short
Bitget ETHFIUSDTlong−0.0036%4h0.7234long leg$6.2M$5.5M75x
Paradex ETHFI-USD-PERPshort−0.0033%8h0.7231−0.046%$6K5x
HTX ETHFI-USDT−0.0027%4h0.7204−0.415%$84K$153K20xas long as short
Bybit ETHFIUSDT0.0000%4h0.7239+0.069%$18.7M$12.3M25xas long as short
Lighter ETHFI+0.0096%1h0.7238+0.061%$1.1M$890K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid ETHFI+0.0100%1h0.7252+0.256%$19.7M$7.4M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7241+0.101%$183K$238K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7237+0.041%$25.6M$35.4M75xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7240+0.083%$4.9M$12.1M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7242+0.111%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7237+0.041%$15.3M$3.7M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7236+0.028%$1.2M$260K50xas long as short
BingX ETHFI-USDC+0.0100%4h0.7240+0.083%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7259+0.346%$49K$55K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7238+0.055%$2K$1.0M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7236+0.025%$104K$489K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7240+0.076%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0336%1h0.7241+0.097%$32K$8K50xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7237+0.041%$1.3M$303K75xas long as short