Funding you earn now, next payment 10:00 UTC+0.0095%/8h= +10.5% APRpaid last 24h +0.028%
Price spread now: Paradex against gTrade (Gains Network)+0.006%103s7-day average +0.020% · 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—prices read too far apart to compare
costs, in and out, $10k−$140.141% of the position
Funding, last 4 days (all we have)+0.104%+$10 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now +0.006%, 7d avg +0.020%
=Together, before fees+0.133%+ Points / potential airdropParadex: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BTC/USD | 85,946.4 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 19m 31s | $36.7M | — | 200x |
| Short | Paradex BTC-USD-PERP | 85,951.6 | 0.0100 | get 0.0100% / 8h | 6h 19m | $5.9M | $7.9M | 50x |
gTrade (Gains Network) BTC/USD
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against gTrade (Gains Network). 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
- $20.05
- Price spread: +0.006% → +0.020%
- −$1.39
- Slippage, 4 orders
- −$3.09
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $4.56
- Costs to cover
- 0.141%
- Break-even
- 5.4 days
Slippage from gTrade (Gains Network): virtual book (oracle exchange), 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 gTrade (Gains Network) virtual book (oracle exchange), 3 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,182 |
| Sell Paradex live order book, 3 min ago | 1.03 bp | 3.0 bp −$3 | 3.0 bp −$30 | 203.4 bp −$20.3K | doesn't fit |
BTC on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,938 | −0.010% | $8K | $2K | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0076% | 1h | 85,979.1 | +0.038% | $137.4M | $295.5M | 100x | as long as short |
| 01 Exchange BTCUSD | −0.0072% | 1h | 85,938.3 | −0.009% | $357K | $2.0M | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0065% | 1h | 85,986 | +0.046% | $300K | $28.5M | 52x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,924.8 | −0.025% | $422.4M | $579.8M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,949.1 | +0.003% | $16.8M | $15.0M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,934.7 | −0.014% | $481K | $14.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USDlong | L +0.0004% / S −0.0004% | 1h | 85,946.4 | long leg | $36.7M | — | 200x | |
| SoDEX BTC-USD | +0.0012% | 1h | 85,953 | +0.008% | $65.5M | $188.0M | 40x | as long as short |
| BingX BTC-USDT | +0.0019% | 8h | 85,937.9 | −0.010% | — | $1.40B | — | as long as short |
Hotstuff BTC-PERP
ApeX Omni BTCUSDT
01 Exchange BTCUSD
Injective BTC/USDC PERP
BloFin BTC-USDT
dYdX BTC-USD
Perpl BTC
SoDEX BTC-USD
BingX BTC-USDTShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTCUSDT | +0.0026% | 8h | 85,940 | −0.007% | $5.09B | $8.44B | 150x | as long as short |
| Aster BTCUSDT | +0.0036% | 8h | 85,933.9 | −0.015% | $512.1M | $905.6M | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0040% | 8h | 85,946.8 | 0.000% | $928.0M | $651.2M | 125x | as long as short |
| Phoenix BTC | +0.0053% | 1h | 85,955 | +0.010% | $2.0M | $8.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0067% | 8h | 85,938.9 | −0.009% | $5.50B | $9.28B | 200x | as long as short |
| Nado BTC-PERP | +0.0074% | 1h | 85,938.8 | −0.009% | $22.1M | $202.0M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,943 | −0.004% | $172.7M | $887.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,948.8 | +0.003% | $23.1M | $124.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,937 | −0.011% | $8.8M | $46.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,948.6 | +0.003% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0099% | 8h | 85,935.5 | −0.013% | $2.97B | $4.12B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,919 | −0.032% | $210K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0100% | 8h | 85,951.6 | +0.006% | $5.9M | $7.9M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 86,031 | +0.098% | $3.93B | $4.46B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,970.2 | +0.028% | $40.4M | $571.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,936.7 | −0.011% | $9.44B | $21.36B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,942.7 | −0.004% | $2.60B | $9.78B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,943 | −0.004% | $4.0M | $15.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,967.4 | +0.024% | $4.2M | $91.5M | 40x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,923.2 | −0.027% | $5.14B | $5.38B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,943.6 | −0.003% | $37.4M | $192.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,913 | −0.039% | $156.0M | $495.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,948.1 | +0.002% | $289.4M | $850.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,890.1 | −0.066% | $215.7M | $139.9M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,947 | +0.001% | $30.2M | $221.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,010.1 | +0.074% | — | $10.5M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,943 | −0.004% | $11.0M | $12.4M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,952 | +0.007% | $202K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,950.4 | +0.005% | $2.6M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,997.2 | +0.059% | $195K | $565K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,957.1 | +0.012% | $3.2M | $7.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,940 | −0.007% | $2.27B | $841.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,949.7 | +0.004% | $169.3M | $484.3M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,914.7 | −0.037% | $712.8M | $159.6M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0102% | 1h | 85,971.5 | +0.029% | $189.8M | $801.5M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,912.1 | −0.040% | $46.9M | $207.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,934.1 | −0.014% | — | $82.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,003.4 | +0.066% | $112.1M | $5.04B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0160% | 1h | 85,936.2 | −0.012% | $6.6M | $131.5M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0165% | 8h | 85,960 | +0.016% | $11.2M | $731.9M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0183% | 1h | 85,960.4 | +0.016% | $13.2M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0204% | 1h | 85,975.4 | +0.034% | $8.9M | $38.7M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0304% | 1h | 85,996.1 | +0.058% | $708K | $7.0M | 30x | as long as short |
| Deribit BTC-PERPETUAL | +0.0331% | 1h | 86,021.7 | +0.088% | $827.8M | $1.54B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0433% | 1h | 85,992.1 | +0.053% | $81K | $247K | 20x | as long as short |
Bybit BTCUSDT
Aster BTCUSDT
KuCoin XBTUSDTM
Phoenix BTC
Gate BTC_USDT
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
MEXC BTC_USDT
Backpack BTC_USDC_PERP
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
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Kraken Futures PF_XBTUSD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hibachi BTC/USDT-P
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD