Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.98 per $10,000 · paid last 24h +0.013%
Price spread now: Paradex against KuCoin+0.030%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−$16as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 4 days (all we have)+0.052%+$5 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now +0.030%, 7d avg +0.012%
=Together, before fees+0.093%+ Points / potential airdropParadex: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XBTUSDTM | 86,445 | 0.0002 | pay 0.0002% / 8h | 1h 17m | $851.1M | $711.6M | 125x |
| Short | Paradex BTC-USD-PERP | 86,470.8 | 0.0100 | get 0.0100% / 8h | 1h 17m | $4.8M | $8.5M | 50x |
KuCoin XBTUSDTM
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against KuCoin. 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
- $20.55
- Price spread: +0.030% → +0.012%
- $1.83
- Slippage, 4 orders
- −$2.1
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $4.28
- Costs to cover
- 0.181%
- Break-even
- 5.5 days
Slippage from KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago | 0.01 bp | 6.0 bp −$6 | 6.6 bp −$66 | 7.6 bp −$757 | doesn't fit |
| Sell Paradex live order book, 1 min ago | 1.04 bp | 3.1 bp −$3 | 3.1 bp −$31 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0827% | 1h | 86,494.4 | +0.057% | $140K | $620K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,503 | +0.067% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,470 | +0.029% | $9K | $3K | 50x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 86,442.2 | −0.003% | $503.9M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,469.7 | +0.029% | $358K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,476.2 | +0.036% | $424K | $23.7M | 6.7x | as long as short |
| KuCoin XBTUSDTMlong | +0.0002% | 8h | 86,445 | long leg | $851.1M | $711.6M | 125x | |
| dYdX BTC-USD | +0.0004% | 1h | 86,452.8 | +0.009% | $17.0M | $21.1M | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0005% | 1h | 86,525.7 | +0.093% | $82K | $217K | 20x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,496.8 | +0.060% | $36.8M | — | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
Aftermath Perps BTCUSD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0006% | 1h | 86,469.7 | +0.029% | $8.5M | $43.0M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0023% | 1h | 86,460.3 | +0.018% | $6.7M | $145.0M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.132% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0035% | 8h | 86,482.4 | +0.043% | $149.9M | $476.9M | 150x | as long as short |
| BingX BTC-USDT | +0.0036% | 8h | 86,456.1 | +0.013% | — | $1.59B | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0044% | 1h | 86,517.8 | +0.084% | $921.0M | $1.48B | 50x | as long as short |
| Bitget BTCUSDT | +0.0046% | 8h | 86,432.8 | −0.014% | $2.95B | $5.10B | 150x | as long as short |
| MEXC BTC_USDT | +0.0064% | 8h | 86,427.7 | −0.020% | $5.13B | $5.70B | 500x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,473 | +0.032% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0064% | 8h | 86,427.3 | −0.020% | $9.43B | $24.42B | 150x | as long as short |
| Gate BTC_USDT | +0.0079% | 8h | 86,450.5 | +0.006% | $5.84B | $10.73B | 200x | as long as short |
| Bybit BTCUSDT | +0.0092% | 8h | 86,437 | −0.009% | $5.25B | $9.77B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,442 | −0.003% | $170.5M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,454.4 | +0.011% | $24.1M | $152.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,462 | +0.020% | $8.5M | $52.4M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0096% | 1h | 86,517.3 | +0.084% | $717K | $8.2M | 30x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,446 | +0.001% | $205K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0100% | 8h | 86,470.8 | +0.030% | $4.8M | $8.5M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 86,457.6 | +0.015% | $22.0M | $234.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,509 | +0.074% | $3.80B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,464.8 | +0.023% | $40.8M | $513.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,435 | −0.012% | $2.54B | $12.72B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,480 | +0.040% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,534.4 | +0.103% | $7.4M | $94.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,498.7 | +0.062% | $571.7M | $18.6M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,440.2 | −0.006% | $37.8M | $155.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,498.8 | +0.062% | $156.2M | $568.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,531.2 | +0.100% | $279.7M | $948.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,518.2 | +0.085% | $217.2M | $175.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,540.1 | +0.110% | $141.5M | $323.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,483 | +0.044% | $30.7M | $203.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,514.2 | +0.080% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,462 | +0.020% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,482 | +0.043% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,487.5 | +0.049% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,479.2 | +0.040% | $30.4M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,454.2 | +0.011% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,481 | +0.042% | $60.4M | $337.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,466.3 | +0.025% | $2.30B | $968.4M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,429.4 | −0.018% | $45.5M | $226.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,493.6 | +0.056% | — | $98.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,520.1 | +0.087% | $131.8M | $5.70B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,504.3 | +0.069% | $191.3M | $943.6M | 100x | as long as short |
| BloFin BTC-USDT | +0.0184% | 8h | 86,473.9 | +0.033% | $414.0M | $654.4M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0185% / S −0.0211% | 1h | 86,489.9 | +0.052% | $15.2M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0199% | 8h | 86,498 | +0.061% | $9.8M | $733.9M | 6.4x | as long as short |
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDT
Deribit BTC-PERPETUAL
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Hibachi BTC/USDT-P
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
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP