Funding you earn now, next payment 07:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.047%
Price spread now: Paradex against Lighter−0.223%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
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: 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 0.223% cheaper against Lighter than usual: you would sell low and buy high (−$22 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 | Lighter ETHFI | 0.6946 | 0.0096 | pay 0.0012% / 1h | 49m 11s | $1.1M | $829K | 5x |
| Short | Paradex ETHFI-USD-PERP | 0.6930 | −0.0021 | pay 0.0021% / 8h | 1h 49m | $6K | — | 5x |
Lighter ETHFI
Paradex ETHFI-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Lighter. 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
- −$24.5
- Price spread: −0.223% → 0.000%
- −$22.29
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$50.79
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Lighter: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 2 min ago | 9.21 bp | 10.0 bp −$10 | 86.7 bp −$867 | 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 | −0.0364% | 4h | 0.6929 | −0.243% | $80K | $171K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0326% | 1h | 0.6941 | −0.071% | $41K | $11K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0277% | 4h | 0.6940 | −0.085% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0158% | 4h | 0.6931 | −0.209% | $921K | $778K | — | as long as short |
| Bybit ETHFIUSDT | −0.0093% | 4h | 0.6958 | +0.174% | $17.3M | $13.0M | 25x | as long as short |
| Binance ETHFIUSDT | −0.0049% | 4h | 0.6947 | +0.022% | $24.1M | $36.0M | 75x | as long as short |
| Extended ETHFI-USD | −0.0048% | 1h | 0.6938 | −0.111% | $96K | $500K | 10x | as long as short |
| MEXC ETHFI_USDT | −0.0048% | 4h | 0.6957 | +0.160% | $15.5M | $4.1M | 125x | as long as short |
| Paradex ETHFI-USD-PERPshort | −0.0021% | 8h | 0.6930 | −0.223% | $6K | — | 5x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.234% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Bybit ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6943 | −0.036% | $8K | — | 3x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.6946 | long leg | $1.1M | $829K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6939 | −0.092% | $16.7M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6947 | +0.013% | $178K | $261K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6963 | +0.246% | $5.1M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6941 | −0.071% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6937 | −0.128% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6955 | +0.131% | $6.0M | $5.0M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6959 | +0.189% | — | $8.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6942 | −0.053% | $63K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6943 | −0.042% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0191% | 4h | 0.6939 | −0.099% | $1.2M | $239K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.7066 | +1.729% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1691% | 1h | 0.6958 | +0.176% | $286K | $292K | 20x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD