Funding you earn now, next payment 04:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.033%
Price spread now: Paradex against Bybit−0.038%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.038% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.7059 | 0.0100 | pay 0.0050% / 4h | 18m 36s | $17.6M | $12.6M | 25x |
| Short | Paradex ETHFI-USD-PERP | 0.7056 | 0.0051 | get 0.0051% / 8h | 4h 18m | $6K | — | 5x |
Bybit ETHFIUSDT
Paradex ETHFI-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.29
- Price spread: −0.038% → 0.000%
- −$3.79
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$29.09
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 5 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 5 min ago | 0.71 bp | 16.3 bp −$16 | 43.2 bp −$432 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0598% | 1h | 0.7066 | +0.099% | $40K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0321% | 4h | 0.7043 | −0.227% | $87K | $168K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0226% | 4h | 0.7062 | +0.042% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.564% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7065 | +0.088% | $264K | $209K | 20x | as long as short |
| Paradex ETHFI-USD-PERPshort | +0.0051% | 8h | 0.7056 | −0.038% | $6K | — | 5x | |
| Lighter ETHFI | +0.0096% | 1h | 0.7063 | +0.061% | $1.1M | $879K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7063 | +0.052% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7064 | +0.065% | $180K | $263K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7053 | −0.085% | $24.5M | $35.2M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDTlong | +0.0100% | 4h | 0.7059 | long leg | $17.6M | $12.6M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7062 | +0.042% | $5.1M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7061 | +0.028% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7053 | −0.085% | $15.7M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7062 | +0.042% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7056 | −0.042% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7059 | 0.000% | — | $8.8M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7055 | −0.054% | $979K | $701K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7081 | +0.312% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7070 | +0.156% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7053 | −0.085% | $97K | $379K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7058 | −0.010% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7065 | +0.085% | $1.2M | $248K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7096 | +0.524% | $31K | $6K | 50x | as long as short |
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX