BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.73 per $10,000 · paid last 24h +0.016%

Price spread now: Paradex against Bitget+0.059%7-day average +0.012% · 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−$13as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Bitget Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.037%+$4 on $10k

Price spread, last 7 days+0.022%+$2 · spread now +0.059%, 7d avg +0.012%

Together, before fees+0.059%+ Points / potential airdropParadex: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.048% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BTCUSDT	86,586	0.0027	pay 0.0027% / 8h	2h 43m	$2.94B	$5.07B	150x
Short	Paradex BTC-USD-PERP	86,637.4	0.0100	get 0.0100% / 8h	2h 43m	$4.8M	$8.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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 BitgetbpFee ParadexbpOrdersPrice spread, now +0.059%Rate

Funding earned: $15.27
Price spread: +0.059% → +0.012%: $4.79
Slippage, 4 orders: −$1.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $2.35
Costs to cover: 0.177%
Break-even: 5.9 days

Slippage from Bitget: live order book, 5 min ago; Paradex: live order book, just now.

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 Bitget live order book, 5 min ago	0.01 bp	6.0 bp −$6	6.7 bp −$67	7.4 bp −$744	doesn't fit
Sell Paradex live order book, just now	0.85 bp	2.8 bp −$3	2.8 bp −$28	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
Perpl BTC	−0.0335%	43m	86,584.3	−0.002%	$431K	$25.1M	6.7x	as long as short
Aftermath Perps BTCUSD	−0.0215%	1h	86,631.2	+0.052%	$85K	$188K	20x	as long as short
dYdX BTC-USD	−0.0108%	1h	86,607.2	+0.024%	$17.7M	$20.3M	50x	as long as short
Phoenix BTC	−0.0103%	1h	86,591	+0.006%	$2.2M	$12.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,559	−0.031%	$9K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0002%	8h	86,583.2	−0.003%	$845.4M	$707.9M	125x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,593.4	+0.009%	$361K	$2.4M	50x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,576.3	−0.011%	$937.8M	$1.43B	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0005%	1h	86,579.7	−0.007%	$36.6M	—	200x	as long as short
Aster BTCUSDT	+0.0009%	8h	86,578.8	−0.008%	$505.4M	$1.16B	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0021%	1h	86,549.4	−0.042%	$6.7M	$144.0M	40x	as long as short
BingX BTC-USDT	+0.0021%	8h	86,607	+0.024%	—	$1.60B	—	as long as short
Bitget BTCUSDTlong	+0.0027%	8h	86,586	long leg	$2.94B	$5.07B	150x
Phemex BTCUSDT	+0.0027%	8h	86,571.9	−0.016%	$149.4M	$470.6M	150x	as long as short
MEXC BTC_USDT	+0.0048%	8h	86,593.8	+0.009%	$5.19B	$5.65B	500x	as long as short
Aevo BTC-PERP	+0.0048%	1h	86,538.9	−0.054%	$2.4M	$1.3M	20x	as long as short
Binance BTCUSDT	+0.0049%	8h	86,596	+0.011%	$9.43B	$24.29B	150x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,732	+0.169%	$315K	$26.8M	52x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,577.9	−0.009%	$9.2M	$42.1M	25x	as long as short
OKX BTC-USDT-SWAP	+0.0063%	8h	86,594.2	+0.009%	$2.57B	$12.69B	100x	as long as short
Gate BTC_USDT	+0.0066%	8h	86,610	+0.028%	$5.85B	$10.59B	200x	as long as short
Bybit BTCUSDT	+0.0078%	8h	86,586.5	+0.001%	$5.27B	$9.66B	150x	as long as short
Variational Omni BTC	+0.0089%	8h	86,618.2	+0.037%	$160.7M	$567.1M	—	as long as short
Lighter BTC	+0.0096%	1h	86,602.2	+0.019%	$172.2M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,606.2	+0.023%	$24.0M	$153.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,559	−0.031%	$8.5M	$52.0M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0098%	8h	86,607.9	+0.025%	$217.4M	$189.0M	50x	as long as short
Paradex BTC-USD-PERPshort	+0.0100%	8h	86,637.4	+0.059%	$4.8M	$8.2M	50x
Katana Perps BTC-USD	+0.0100%	8h	86,558	−0.032%	$199K	$6.8M	50x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,540	−0.053%	$60.4M	$336.5M	40x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,553.3	−0.038%	$2.5M	$8.5M	100x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,554.1	−0.037%	$21.7M	$235.7M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,682	+0.111%	$3.83B	$5.11B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,625.7	+0.046%	$40.9M	$485.8M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,598	+0.014%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,662.6	+0.088%	$7.4M	$93.7M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,665	+0.091%	$572.2M	$23.5M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,564.7	−0.025%	$38.1M	$148.2M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,605.1	+0.022%	$279.8M	$948.5M	100x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,599.3	+0.015%	$141.5M	$322.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,606.9	+0.024%	$30.8M	$205.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,627.5	+0.048%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,562	−0.028%	$11.0M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,558.5	−0.032%	$197K	$3.4M	20x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,562.1	−0.028%	$140K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,548.6	−0.043%	$30.0M	$61.5M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,558.3	−0.032%	$3.4M	$5.6M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,547.6	−0.044%	$2.30B	$956.7M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,596.3	+0.012%	$46.5M	$229.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,585.5	−0.001%	—	$98.0M	500x	as long as short
Kalshi KXBTCPERP	+0.0115%	8h	86,588	+0.002%	$8.9M	$723.3M	6.4x	as long as short
Kraken Futures PF_XBTUSD	+0.0117%	1h	86,578.5	−0.009%	$190.6M	$928.5M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,590.5	+0.005%	$131.7M	$5.87B	50x	as long as short
BloFin BTC-USDT	+0.0169%	8h	86,567.5	−0.021%	$418.5M	$641.8M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0178% / S −0.0181%	1h	86,576.1	−0.011%	$14.7M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0216%	1h	86,604.1	+0.021%	$600K	$7.2M	30x	as long as short