Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.017%
Price spread now: Bybit against Paradex+0.089%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.089% dearer against Paradex than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex ETHFI-USD-PERP | 0.7130 | 0.0040 | pay 0.0040% / 8h | 2h 11m | $6K | — | 5x |
| Short | Bybit ETHFIUSDT | 0.7136 | 0.0100 | get 0.0050% / 4h | 2h 11m | $18.3M | $12.8M | 25x |
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Paradex. 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
- $12.65
- Price spread: +0.089% → 0.000%
- $8.88
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $6.52
- Costs to cover
- 0.150%
- Break-even
- 3.4 days
Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 7 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 7 min ago | 1.40 bp | 23.1 bp −$23 | 55.4 bp −$554 | doesn't fit | doesn't fit |
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 | −0.0871% | 1h | 0.7131 | +0.019% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0239% | 4h | 0.7133 | +0.047% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0214% | 1h | 0.7130 | 0.000% | $280K | $145K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0171% | 4h | 0.7130 | +0.005% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.547% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERPlong | +0.0040% | 8h | 0.7130 | long leg | $6K | — | 5x | |
| Bitget ETHFIUSDT | +0.0046% | 4h | 0.7129 | −0.009% | $6.1M | $5.6M | 75x | as long as short |
| Binance ETHFIUSDT | +0.0088% | 4h | 0.7129 | −0.009% | $24.8M | $37.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0092% | 4h | 0.7127 | −0.037% | $15.1M | $3.9M | 125x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7135 | +0.072% | $1.1M | $909K | 5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Bitget ETHFIUSDT
Binance ETHFIUSDT
MEXC ETHFI_USDT
Lighter ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ETHFI-USD | +0.0096% | 1h | 0.7131 | +0.022% | $92K | $495K | 10x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7137 | +0.097% | $18.1M | $9.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7138 | +0.116% | $182K | $255K | 10x | as long as short |
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7136 | +0.089% | $18.3M | $12.8M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7135 | +0.075% | $4.9M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7139 | +0.131% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7139 | +0.131% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7135 | +0.075% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7147 | +0.246% | $1.0M | $707K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7135 | +0.069% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7135 | +0.075% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7135 | +0.075% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7165 | +0.496% | $31K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0333% | 4h | 0.7145 | +0.215% | $1.3M | $294K | 75x | as long as short |
Extended ETHFI-USD
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT