Funding you earn now, next payment 01:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h +0.075%
Price spread now: Paradex against Kraken Futures−0.242%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 −$6 a day on $10k at the current rate, and Paradex is 0.242% cheaper against Kraken Futures than usual: you would sell low and buy high (−$24 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 | Kraken Futures PF_ETHFIUSD | 0.7177 | 0.0220 | pay 0.0028% / 1h | 2m 57s | $273K | $166K | 20x |
| Short | Paradex ETHFI-USD-PERP | 0.7160 | 0.0018 | get 0.0018% / 8h | 7h 02m | $6K | — | 5x |
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Kraken Futures. 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
- −$42.42
- Price spread: −0.242% → 0.000%
- −$24.15
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$80.58
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: 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 Kraken Futures live order book, 5 min ago | 6.91 bp | 22.6 bp −$23 | 130.4 bp −$1,304 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0498% | 4h | 0.7168 | −0.131% | $83K | $158K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0307% | 1h | 0.7175 | −0.033% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0212% | 4h | 0.7170 | −0.103% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0022% | 4h | 0.7199 | +0.303% | $1.1M | $719K | — | as long as short |
| Paradex ETHFI-USD-PERPshort | +0.0018% | 8h | 0.7160 | −0.242% | $6K | — | 5x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.872% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0092% | 4h | 0.7169 | −0.117% | $15.3M | $3.9M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0093% | 4h | 0.7167 | −0.141% | $25.0M | $36.4M | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7176 | −0.022% | $1.1M | $894K | 5x | as long as short |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7166 | −0.164% | $100K | $388K | 10x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Lighter ETHFI
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7173 | −0.068% | $18.0M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7168 | −0.127% | $183K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7173 | −0.061% | $18.1M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7178 | +0.008% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7170 | −0.103% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7165 | −0.173% | $1.2M | $263K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7169 | −0.117% | $6.1M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7170 | −0.103% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7173 | −0.061% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7173 | −0.061% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7172 | −0.069% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7245 | +0.942% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.0220% | 1h | 0.7177 | long leg | $273K | $166K | 20x | |
| BloFin ETHFI-USDT | +0.0333% | 4h | 0.7165 | −0.173% | $1.2M | $263K | 75x | as long as short |
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT