BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.89 per $10,000 · paid last 24h +0.009%

Price spread now: Paradex against Aster+0.039%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$140.137% of the position

Long on Aster Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.039%, 7d avg +0.009%

Together, before fees+0.031%+ Points / potential airdropAster: Stage 5 · Paradex: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Paradex is 0.030% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BTCUSDT	86,524.2	0.0011	pay 0.0011% / 8h	6m 36s	$501.9M	$1.15B	200x
Short	Paradex BTC-USD-PERP	86,558.3	0.0100	get 0.0100% / 8h	6m 36s	$4.8M	$8.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee ParadexbpOrdersPrice spread, now +0.039%Rate

Funding earned: $18.64
Price spread: +0.039% → +0.009%: $3.04
Slippage, 4 orders: −$1.73
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $7.95
Costs to cover: 0.137%
Break-even: 4.0 days

Slippage from Aster: live order book, 3 min ago; Paradex: live order book, 3 min ago.

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 Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.2 bp −$42	4.5 bp −$452	6.7 bp −$3,357
Sell Paradex live order book, 3 min ago	0.86 bp	2.9 bp −$3	2.9 bp −$29	doesn't fit	doesn't fit

BTC on 56 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
Phoenix BTC	−0.0118%	1h	86,444	−0.093%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,523	−0.001%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,345	−0.207%	$332K	$26.9M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,527.1	+0.003%	$8.3M	$42.7M	25x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,526.2	+0.002%	$360K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,537.7	+0.016%	$412K	$22.4M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0005%	1h	86,534.5	+0.012%	$36.9M	—	200x	as long as short
Aster BTCUSDTlong	+0.0011%	8h	86,524.2	long leg	$501.9M	$1.15B	200x
KuCoin XBTUSDTM	+0.0022%	8h	86,526.6	+0.003%	$834.8M	$728.2M	125x	as long as short
Reya BTCRUSDPERP	+0.0037%	1h	86,494.8	−0.034%	$6.7M	$145.5M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0044%	8h	86,520.4	−0.004%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0056%	8h	86,520.6	−0.004%	$151.5M	$478.8M	150x	as long as short
Bitget BTCUSDT	+0.0056%	8h	86,501.5	−0.026%	$2.97B	$5.12B	150x	as long as short
dYdX BTC-USD	+0.0063%	1h	86,506.6	−0.020%	$16.9M	$21.2M	50x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,512.7	−0.013%	$2.5M	$1.4M	20x	as long as short
MEXC BTC_USDT	+0.0074%	8h	86,521.7	−0.003%	$5.16B	$5.69B	500x	as long as short
Binance BTCUSDT	+0.0075%	8h	86,518.9	−0.006%	$9.44B	$24.53B	150x	as long as short
Gate BTC_USDT	+0.0081%	8h	86,511.6	−0.015%	$5.85B	$10.81B	200x	as long as short
Lighter BTC	+0.0096%	1h	86,540.4	+0.019%	$170.0M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,540.5	+0.019%	$23.8M	$153.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,513	−0.013%	$8.5M	$52.3M	100x	as long as short
Bybit BTCUSDT	+0.0099%	8h	86,514.2	−0.012%	$5.27B	$9.79B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,501	−0.027%	$195K	$7.1M	50x	as long as short
Paradex BTC-USD-PERPshort	+0.0100%	8h	86,558.3	+0.039%	$4.8M	$8.5M	50x
Nado BTC-PERP	+0.0100%	1h	86,541.7	+0.020%	$21.7M	$233.9M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,609	+0.098%	$3.80B	$5.10B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,552.5	+0.033%	$41.1M	$538.1M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,525	+0.001%	$2.55B	$12.74B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,540	+0.018%	$3.9M	$18.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,552.1	+0.032%	$7.3M	$96.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,515.1	−0.010%	$38.1M	$155.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,407.7	−0.135%	$157.0M	$567.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,442.3	−0.095%	$279.2M	$947.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,461.1	−0.073%	$217.1M	$172.4M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,464.5	−0.069%	$141.5M	$323.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,481.4	−0.049%	$30.7M	$207.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,561.5	+0.043%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,517	−0.008%	$11.1M	$13.9M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,516.7	−0.009%	$193K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,514.3	−0.011%	$2.5M	$9.3M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,550	+0.030%	$141K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,549.7	+0.030%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,511.7	−0.014%	$3.4M	$5.3M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,520	−0.005%	$60.5M	$338.1M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,504.3	−0.023%	$2.30B	$968.2M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,452.9	−0.082%	$572.2M	$12.3M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,494.7	−0.034%	$45.7M	$225.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,536	+0.014%	—	$100.0M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,555.2	+0.036%	$193.1M	$953.1M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,568.6	+0.051%	$132.2M	$5.64B	50x	as long as short
Aftermath Perps BTCUSD	+0.0161%	1h	86,496.5	−0.032%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0176%	1h	86,525.2	+0.001%	$717K	$8.1M	30x	as long as short
BloFin BTC-USDT	+0.0194%	8h	86,523.4	−0.001%	$415.5M	$659.2M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0224%	1h	86,529.6	+0.006%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0208%	8h	86,542	+0.021%	$10.3M	$753.0M	6.4x	as long as short
Deribit BTC-PERPETUAL	+0.0335%	1h	86,580.3	+0.065%	$913.4M	$1.49B	50x	as long as short