Paradex leads on the only live benchmark. Paradex wins on Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0011% vs 0.0032%).
Coinbase is the largest US-regulated centralized exchange, publicly listed on Nasdaq (COIN). It offers spot trading, staking, and a self-custody wallet, primarily targeting retail investors in the United States.
Paradex is a perps-focused L2 exchange built on Starknet tech, with USD-settled perpetuals and funding accrued continuously over an 8 hour period.
Coinbase
Trails0.0032 %
Paradex
Leads0.0011 %
Stability is not directionality. A venue with persistently positive but tight-banded funding ranks better here than one that flips between positive and negative every settlement, even if the second venue offers better average carry. Read alongside perp-funding for direction and average level.
Coinbase and Paradex are compared on 1 shared OpenChainBench benchmarks. Paradex leads on Perp DEX funding stability, 24h stddev of ETH funding ranked. See the live table on this page for every metric.
On the Perp DEX funding stability, 24h stddev of ETH funding ranked benchmark, Paradex leads at 0.0011% versus Coinbase at 0.0032%. Live measurement is updated continuously by the OpenChainBench harness.
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing — panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.