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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.032%
Price spread now: Paradex against MEXC+0.017%7-day average · you sell dearer than you buy
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 4 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETHFI_USDT0.70200.0084pay 0.0042% / 4h3h 47m$15.9M$4.0M125x
ShortParadex ETHFI-USD-PERP0.70210.0004get 0.0004% / 8h3h 47m$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against MEXC. 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
−$16.86
Price spread: +0.017% → 0.000%
$1.66
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$23.2
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago0.71 bp5.7 bp −$616.7 bp −$16766.3 bp −$6,626180.7 bp −$90.4K
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
HTX ETHFI-USDT−0.0934%4h0.7018−0.028%$85K$171K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0603%1h0.7026+0.085%$40K$11K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0305%1h0.7029+0.129%$263K$209K20xas long as short
Orderly PERP_ETHFI_USDC−0.0239%4h0.7032+0.171%$16K$1K10xas long as short
Paradex ETHFI-USD-PERPshort+0.0004%8h0.7021+0.017%$6K5x
Injective ETHFI/USDC PERP+0.0033%1h0.7240+3.134%$321$51K5.5xas long as short
Variational Omni ETHFI+0.0077%4h0.7045+0.353%$983K$703Kas long as short
Binance ETHFIUSDT+0.0082%4h0.7020−0.002%$24.4M$35.0M75xas long as short
MEXC ETHFI_USDTlong+0.0084%4h0.7020long leg$15.9M$4.0M125x
Extended ETHFI-USD+0.0088%1h0.7018−0.034%$95K$379K10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7033+0.182%$1.1M$841K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7029+0.135%$17.5M$8.0M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7032+0.165%$180K$227K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7025+0.071%$17.6M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7029+0.128%$5.1M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7028+0.114%$1.7M$1.9M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7033+0.185%$1.2M$229K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7019−0.014%$6.0M$5.2M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7025+0.071%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7054+0.484%$70K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7043+0.328%$2K$1.1M20xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7021+0.018%$8K3xas long as short
BloFin ETHFI-USDT+0.0324%4h0.7018−0.028%$1.2M$243K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0544%1h0.7075+0.783%$31K$6K50xas long as short