Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Paradex against Backpack+0.076%7-day average −0.002% · 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−$8as in the Price arb table
costs, in and out, $10k−$160.160% of the position
Funding, last 4 days (all we have)+0.082%+$8 on $10k
+Price spread, last 7 days+0.349%+$35 · spread now +0.076%, 7d avg −0.002%
=Together, before fees+0.431%+ Points / potential airdropParadex: Active · farm board+$43 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.077% dearer against Backpack than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BTC_USDC_PERP | 85,307 | 0.0100 | pay 0.0013% / 1h | 52m 49s | $37.1M | $184.7M | 75x |
| Short | Paradex BTC-USD-PERP | 85,371.4 | 0.0100 | get 0.0100% / 8h | 52m 49s | $5.8M | $9.5M | 50x |
Backpack BTC_USDC_PERP
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Backpack. 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
- $0
- Price spread: +0.076% → −0.002%
- $7.74
- Slippage, 4 orders
- −$2.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$8.28
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 1 min ago; Paradex: live order book, 1 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 Backpack live order book, 1 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.5 bp −$552 | 159.3 bp −$79.7K |
| Sell Paradex live order book, 1 min ago | 1.00 bp | 3.0 bp −$3 | 3.0 bp −$30 | 168.6 bp −$16.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,330 | +0.027% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,409 | +0.120% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0030% | 8h | 85,311.5 | +0.005% | $928.0M | $773.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,310.6 | +0.004% | $421.6M | $681.2M | 150x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,323.7 | +0.020% | $511.9M | $1.08B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,332.1 | +0.029% | $16.7M | $21.0M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,319.9 | +0.015% | $491K | $18.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,308.7 | +0.002% | $36.5M | — | 200x | as long as short |
| 01 Exchange BTCUSD | +0.0016% | 1h | 85,325.4 | +0.022% | $351K | $2.3M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,329.7 | +0.027% | $185.5M | $951.8M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
01 Exchange BTCUSD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | +0.0030% | 1h | 85,327.1 | +0.024% | $139.5M | $313.0M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,367 | +0.070% | $338K | $24.6M | 52x | as long as short |
| BingX BTC-USDT | +0.0071% | 8h | 85,333.7 | +0.031% | — | $1.57B | — | as long as short |
| Bybit BTCUSDT | +0.0086% | 8h | 85,323.5 | +0.019% | $5.13B | $9.98B | 150x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,328.6 | +0.025% | $2.96B | $5.17B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,328.2 | +0.025% | $169.3M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,323.3 | +0.019% | $23.6M | $147.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,312 | +0.006% | $8.4M | $57.3M | 100x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,323.2 | +0.019% | $5.03B | $5.71B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,288.4 | −0.022% | $2.4M | $6.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,338 | +0.036% | $9.39B | $24.97B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,300 | −0.008% | $271K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0100% | 8h | 85,371.4 | +0.076% | $5.8M | $9.5M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 85,301.1 | −0.007% | $24.1M | $219.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,393 | +0.101% | $3.74B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,349.7 | +0.050% | $39.9M | $605.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,326 | +0.022% | $2.60B | $12.19B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,295 | −0.014% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,318 | +0.013% | $5.1M | $96.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,324.1 | +0.020% | $690.8M | $302.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,341.3 | +0.040% | $5.53B | $10.99B | 200x | as long as short |
| Backpack BTC_USDC_PERPlong | +0.0100% | 1h | 85,307 | long leg | $37.1M | $184.7M | 75x | |
| Variational Omni BTC | +0.0100% | 8h | 85,296 | −0.013% | $156.1M | $556.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,321.4 | +0.017% | $279.5M | $951.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,315.9 | +0.010% | $214.1M | $158.8M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,300.8 | −0.007% | $30.1M | $208.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,373.7 | +0.078% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,312 | +0.006% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,301.7 | −0.006% | $196K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,294 | −0.015% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,328.6 | +0.025% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,274.1 | −0.039% | $30.0M | $46.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,307 | 0.000% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,304 | −0.004% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,293.1 | −0.016% | $2.26B | $964.3M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,328.7 | +0.025% | $157.3M | $512.9M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,296 | −0.013% | $45.5M | $241.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,327.7 | +0.024% | — | $104.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,324.2 | +0.020% | $112.7M | $5.46B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0136% | 1h | 85,351.1 | +0.052% | $841.9M | $1.65B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0136% | 1h | 85,289.6 | −0.020% | $6.6M | $146.9M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0169% | 8h | 85,335 | +0.033% | $11.9M | $738.1M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,343.2 | +0.042% | $8.7M | $42.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,308.5 | +0.002% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,382.5 | +0.089% | $684K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0288% | 1h | 85,359.5 | +0.062% | $79K | $247K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDT
Bybit BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD