Spread before costs (cost unknown: a leg has no order-book sample)−0.132%
7d average—if it closes, per $10,000$13funding while held, a day−$2.90
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ETHFIUSDTM | 0.7336 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $1.2M | $275K | 50x |
| Short | Paradex ETHFI-USD-PERP | 0.7326 | 0.0003 | get 0.0003% / 8h | 7h 40m | $6K | — | 5x |
KuCoin ETHFIUSDTM
Paradex ETHFI-USD-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$13.21
- Funding while held
- −$2.9
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$32.1
- Spread needed to break even
- 0.160%
Slippage unknown: KuCoin: live order book, 1 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0097%
- Per $10,000 a day
- −$2.90
- Average in range /8h
- —
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 KuCoin live order book, 1 min ago | 11.56 bp | 63.9 bp −$64 | 181.8 bp −$1,818 | 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 price on every exchange
against the cheapest. Click to use as the short leg.MEXC0.7321cheapestBybit0.7325+0.055%Bitget0.7325+0.055%Binance0.7325+0.060%
MEXC
Bybit
Bitget
BinanceParadex0.7326+0.073%
OKX0.7327+0.082%Extended0.7327+0.085%BingX0.7332+0.150%Gate0.7335+0.191%Polymarket Perps0.7336+0.198%
OKX
Extended
BingX
Gate
Polymarket PerpsKuCoin0.7336+0.205%
Hyperliquid0.7342+0.294%Aster0.7343+0.306%Lighter0.7346+0.343%Orderly0.7348+0.369%BloFin0.7349+0.382%Aevo0.7349+0.387%Deribit0.7351+0.410%Variational Omni0.7351+0.415%HTX0.7352+0.423%SunX0.7360+0.533%Kraken Futures0.7362+0.562%Coinbase International0.7397+1.038%Injective0.7441+1.639%
Hyperliquid
Aster
Lighter
Orderly
BloFin
Aevo
Deribit
Variational Omni
HTX
SunX
Kraken Futures
Coinbase International
InjectiveETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC ETHFI_USDT | −0.204% | +0.0100% | 4h | $15.7M | $4.0M | 125x | as long as short |
| Bybit ETHFIUSDT | −0.150% | +0.0100% | 4h | $19.1M | $13.1M | 25x | as long as short |
| Bitget ETHFIUSDT | −0.150% | +0.0100% | 4h | $6.3M | $5.7M | 75x | as long as short |
| Binance ETHFIUSDT | −0.145% | +0.0100% | 4h | $26.0M | $36.4M | 75x | as long as short |
| Paradex ETHFI-USD-PERPshort | −0.132% | +0.0003% | 8h | $6K | — | 5x | |
| OKX ETHFI-USDT-SWAP | −0.123% | −0.0040% | 4h | $5.0M | $12.3M | 20x | as long as short |
| Extended ETHFI-USD | −0.120% | +0.0104% | 1h | $110K | $490K | 10x | as long as short |
| BingX ETHFI-USDC | −0.055% | +0.0100% | 4h | — | $1.2M | — | as long as short |
| Gate ETHFI_USDT | −0.014% | +0.0100% | 4h | $1.8M | $1.9M | 75x | as long as short |
| Polymarket Perps ETHFI-USD | −0.007% | +0.0100% | 1h | $48K | $52K | 5x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin ETHFIUSDTMlong | 0.000% | +0.0100% | 4h | $1.2M | $275K | 50x | |
| Hyperliquid ETHFI | +0.089% | +0.0521% | 1h | $20.4M | $7.3M | 5x | as long as short |
| Aster ETHFIUSDT | +0.101% | +0.0100% | 4h | $188K | $251K | 10x | as long as short |
| Lighter ETHFI | +0.138% | +0.0192% | 1h | $1.3M | $557K | 5x | as long as short |
| Orderly PERP_ETHFI_USDC | +0.164% | −0.0107% | 4h | $17K | $1K | 10x | as long as short |
| BloFin ETHFI-USDT | +0.177% | +0.0340% | 4h | $1.4M | $284K | 75x | as long as short |
| Aevo ETHFI-PERP | +0.182% | +0.0104% | 1h | $9K | — | 3x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | +0.204% | −0.0430% | 1h | $47K | $16K | 10x | as long as short |
| Variational Omni ETHFI | +0.210% | +0.0100% | 4h | $1.1M | $841K | — | as long as short |
| HTX ETHFI-USDT | +0.218% | −0.0453% | 4h | $85K | $160K | 20x | as long as short |
| SunX ETHFI-USDT | +0.327% | +0.0100% | 4h | $2K | $1.0M | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.356% | −0.0286% | 1h | $283K | $183K | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.832% | +0.0288% | 1h | $33K | $56K | 50x | as long as short |
| Injective ETHFI/USDC PERP | +1.431% | +0.0033% | 1h | $330 | $56K | 5.5x | as long as short |