Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.018%
Price spread now: Paradex against BloFin+0.011%7-day average +0.035% · 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−$21as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 4 days (all we have)+0.094%+$9 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.011%, 7d avg +0.035%
=Together, before fees+0.134%+ Points / potential airdropParadex: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paradex is 0.024% cheaper against BloFin than usual: you would sell low and buy high (spread +0.011% now, against its 7-day average of +0.035%). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BTC-USDT | 85,451.6 | −0.0020 | get 0.0020% / 8h | 7h 52m | $423.5M | $684.7M | 150x |
| Short | Paradex BTC-USD-PERP | 85,460.7 | 0.0100 | get 0.0100% / 8h | 7h 52m | $5.7M | $9.6M | 50x |
BloFin BTC-USDT
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against BloFin. 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
- $25.2
- Price spread: +0.011% → +0.035%
- −$2.43
- Slippage, 4 orders
- −$2.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $4.67
- Costs to cover
- 0.181%
- Break-even
- 5.7 days
Slippage from BloFin: live order book, 7 min ago; Paradex: live order book, 2 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 BloFin live order book, 7 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.4 bp −$638 | 7.6 bp −$3,776 |
| Sell Paradex live order book, 2 min ago | 1.02 bp | 3.0 bp −$3 | 3.0 bp −$30 | 179.4 bp −$17.9K | 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 | 85,442 | −0.011% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDTlong | −0.0020% | 8h | 85,451.6 | long leg | $423.5M | $684.7M | 150x | |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,482 | +0.036% | $307K | $23.1M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,416.5 | −0.041% | $344K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 85,400 | −0.060% | $930.0M | $776.5M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,439.4 | −0.014% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0026% | 8h | 85,392.6 | −0.069% | $502.1M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0030% | 1h | 85,415.5 | −0.042% | $16.7M | $21.0M | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0067% | 1h | 85,414.2 | −0.044% | $830.4M | $1.67B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,393.9 | −0.067% | $186.2M | $952.5M | 100x | as long as short |
Hotstuff BTC-PERP
Injective BTC/USDC PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 85,441 | −0.012% | $2.3M | $10.4M | 40x | as long as short |
| BingX BTC-USDT | +0.0080% | 8h | 85,399.5 | −0.061% | — | $1.58B | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,403.3 | −0.057% | $170.3M | $940.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,403.1 | −0.057% | $23.6M | $133.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,411 | −0.048% | $8.7M | $58.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,386.6 | −0.076% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,391 | −0.071% | $264K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0100% | 8h | 85,460.7 | +0.011% | $5.7M | $9.6M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 85,420 | −0.037% | $24.1M | $220.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,430.4 | −0.025% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,392.4 | −0.069% | $9.40B | $25.17B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,390.5 | −0.072% | $5.08B | $10.03B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,390.7 | −0.071% | $2.61B | $12.23B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,423 | −0.033% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,430.2 | −0.025% | $4.6M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,382 | −0.081% | $697.9M | $180.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,404.4 | −0.055% | $5.48B | $9.84B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,398.5 | −0.062% | $5.03B | $5.72B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,399.2 | −0.061% | $2.98B | $5.17B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,389.8 | −0.072% | $37.7M | $194.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,356 | −0.112% | $155.8M | $547.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,324.2 | −0.149% | $283.0M | $959.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,382.2 | −0.081% | $214.4M | $157.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,354.3 | −0.114% | $138.1M | $312.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,433.5 | −0.021% | $30.1M | $217.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,498.1 | +0.054% | — | $9.5M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,241 | −0.246% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,416 | −0.042% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,396.2 | −0.065% | $2.7M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,436.3 | −0.018% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,405.3 | −0.054% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,380 | −0.084% | $59.8M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,384.5 | −0.079% | $2.26B | $974.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,402.3 | −0.058% | $160.2M | $517.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,360.9 | −0.106% | $45.7M | $241.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,455.3 | +0.004% | — | $107.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,431 | −0.024% | $111.3M | $5.46B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0146% | 1h | 85,407.9 | −0.051% | $6.6M | $140.1M | 40x | as long as short |
| Derive BTC-PERP | +0.0170% | 1h | 85,488.3 | +0.043% | $28.8M | $49.6M | 15x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0148% | 1h | 85,410.3 | −0.048% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0184% | 8h | 85,454 | +0.003% | $10.7M | $740.2M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,434.7 | −0.020% | $8.9M | $42.9M | 25x | as long as short |
| Hyperliquid BTC | +0.0260% | 1h | 85,476 | +0.029% | $3.81B | $5.13B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.0295% | 1h | 85,413.9 | −0.044% | $81K | $246K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0328% | 1h | 85,493 | +0.048% | $685K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,448.3 | −0.004% | $469K | $18.4M | 6.7x | as long as short |
Phoenix BTC
BingX BTC-USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin 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
Reya BTCRUSDPERP
Derive BTC-PERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hyperliquid BTC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC