Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.128%
Price spread now: Paradex against Bluefin+0.038%7-day average +0.044% · 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−$19as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Funding, last 4 days (all we have)+0.445%+$44 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.038%, 7d avg +0.044%
=Together, before fees+0.472%+ Points / potential airdropParadex: Active · farm board+$47 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin BTC-PERP | 85,887.2 | 0.0100 | pay 0.0013% / 1h | 50m 19s | $143K | $608K | 40x |
| Short | Paradex BTC-USD-PERP | 85,920 | 0.0100 | get 0.0100% / 8h | 4h 50m | $5.9M | $7.3M | 50x |
Bluefin BTC-PERP
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Bluefin. 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: +0.038% → +0.044%
- −$0.58
- Slippage, 4 orders
- −$7.79
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$19.37
- Costs to cover
- 0.188%
- Break-even
- never at this rate
Slippage from Bluefin: live order book, 57 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 Bluefin live order book, 57 min ago | 1.21 bp | 6.2 bp −$6 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell Paradex live order book, 2 min ago | 1.03 bp | 3.0 bp −$3 | 3.0 bp −$30 | 199.6 bp −$20.0K | doesn't fit |
BTC on 56 exchanges
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 | −0.0150% | 1h | 85,957 | +0.081% | $2.1M | $7.7M | 40x | as long as short |
| Perpl BTC | −0.0112% | 43m | 85,895.1 | +0.009% | $469K | $13.4M | 6.7x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,930 | +0.050% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0043% | 8h | 85,880.7 | −0.008% | $421.7M | $549.4M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,915.5 | +0.033% | $368K | $1.8M | 50x | as long as short |
| SoDEX BTC-USD | −0.0018% | 1h | 85,875 | −0.014% | $65.8M | $187.1M | 40x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,905.2 | +0.021% | $16.8M | $13.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0001% | 1h | 85,912 | +0.029% | $321K | $28.0M | 52x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,949.2 | +0.072% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0016% | 8h | 85,915.7 | +0.033% | $511.4M | $832.5M | 200x | as long as short |
Phoenix BTC
Perpl BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
SoDEX BTC-USD
dYdX BTC-USD
Injective BTC/USDC PERP
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0019% | 1h | 85,888.4 | +0.001% | $192.3M | $738.3M | 100x | as long as short |
| Popdex BTCUSDT | +0.0032% | 1h | 85,913 | +0.030% | $8.6M | $45.6M | 100x | as long as short |
| BingX BTC-USDC | +0.0047% | 8h | 85,916.4 | +0.034% | — | $16.1M | — | as long as short |
| KuCoin XBTUSDTM | +0.0054% | 8h | 85,919.8 | +0.038% | $943.6M | $633.6M | 125x | as long as short |
| Bybit BTCUSDT | +0.0060% | 8h | 85,857.5 | −0.035% | $5.14B | $7.98B | 150x | as long as short |
| Phemex BTCUSDT | +0.0070% | 8h | 85,884.4 | −0.003% | $170.9M | $474.0M | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 85,857.6 | −0.035% | $2.4M | $6.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0075% | 8h | 85,938.7 | +0.060% | $9.42B | $20.03B | 150x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 85,929.6 | +0.049% | $5.16B | $4.69B | 500x | as long as short |
| Gate BTC_USDT | +0.0079% | 8h | 85,942.8 | +0.065% | $5.52B | $8.75B | 200x | as long as short |
| HTX BTC-USDT | +0.0082% | 8h | 85,875.1 | −0.014% | $2.27B | $771.4M | 200x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,881.5 | −0.007% | $3.00B | $3.84B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,878.7 | −0.010% | $173.3M | $829.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,886.3 | −0.001% | $23.7M | $116.6M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,876 | −0.013% | $228K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0100% | 8h | 85,920 | +0.038% | $5.9M | $7.3M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 85,875.6 | −0.013% | $23.3M | $189.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,908.3 | +0.025% | $40.3M | $568.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,891.5 | +0.005% | $2.63B | $9.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,888 | +0.001% | $4.0M | $14.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,903.7 | +0.019% | $4.8M | $91.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,866.2 | −0.024% | $38.2M | $195.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,863.5 | −0.028% | $156.6M | $472.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,924.3 | +0.043% | $289.7M | $732.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,957.8 | +0.082% | $216.0M | $132.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,968.8 | +0.095% | $137.9M | $288.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,904 | +0.020% | $30.2M | $227.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,965.7 | +0.091% | — | $10.1M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,921 | +0.039% | $11.1M | $12.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,942.1 | +0.064% | $216K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,869.6 | −0.020% | $2.6M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERPlong | +0.0100% | 1h | 85,887.2 | long leg | $143K | $608K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,930.7 | +0.051% | $29.1M | $44.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,880.7 | −0.008% | $3.3M | $6.7M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,951.1 | +0.074% | $715.0M | $86.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,858.7 | −0.033% | $47.3M | $192.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,937.1 | +0.058% | — | $79.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0128% | 1h | 85,914.7 | +0.032% | $112.2M | $4.93B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0158% | 8h | 85,911 | +0.028% | $12.9M | $737.8M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0165% | 1h | 85,930.1 | +0.050% | $9.1M | $35.5M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0171% | 1h | 85,923.9 | +0.043% | $819.9M | $1.49B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0172% | 1h | 85,907.5 | +0.024% | $6.6M | $125.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0252% | 1h | 85,946.1 | +0.069% | $15.5M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0228% | 1h | 86,026 | +0.162% | $3.95B | $4.16B | 40x | as long as short |
| Hibachi BTC/USDT-P | +0.0296% | 1h | 85,932.6 | +0.053% | $695K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0325% | 1h | 85,937.1 | +0.058% | $79K | $228K | 20x | as long as short |
Kraken Futures PF_XBTUSD
Popdex BTCUSDT
BingX BTC-USDC
KuCoin XBTUSDTM
Bybit BTCUSDT
Phemex BTCUSDT
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Gate BTC_USDT
HTX BTC-USDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
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
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD