Funding you earn now, next payment 08:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.71 per $10,000 · paid last 24h −0.014%
Price spread now: Aster against Paradex+0.028%7-day average −0.009% · 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−$160.163% of the position
Funding, last 4 days (all we have)−0.031%−$3 on $10k
+Price spread, last 7 days−0.061%−$6 · spread now +0.028%, 7d avg −0.009%
=Together, before fees−0.092%+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.036% dearer against Paradex than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.009%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 4 days (−0.031% in total) that is about 4.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BTC-USD-PERP | 86,174.1 | 0.0100 | pay 0.0100% / 8h | 7h 18m | $4.2M | $8.6M | 50x |
| Short | Aster BTCUSDT | 86,198 | 0.0029 | get 0.0029% / 8h | 7h 18m | $499.8M | $1.13B | 200x |
Paradex BTC-USD-PERP
Aster BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Paradex. 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
- −$14.85
- Price spread: +0.028% → −0.009%
- $3.64
- Slippage, 4 orders
- −$4.26
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$27.47
- Costs to cover
- 0.163%
- Break-even
- never at this rate
Slippage from Paradex: live order book, 1 min ago; Aster: live order book, 6 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 Paradex live order book, 1 min ago | 1.65 bp | 4.3 bp −$4 | 4.4 bp −$44 | doesn't fit | doesn't fit |
| Sell Aster live order book, 6 min ago | 0.01 bp | 4.3 bp −$4 | 4.7 bp −$47 | 5.4 bp −$544 | 9.0 bp −$4,490 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0129% | 1h | 86,359 | +0.215% | $2.2M | $11.2M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0101% | 1h | 86,256.7 | +0.096% | $144K | $667K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,160 | −0.016% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,157.7 | −0.019% | $363K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,188.4 | +0.017% | $544K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,223.7 | +0.058% | $36.8M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0023% | 1h | 86,139 | −0.041% | $16.9M | $20.5M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.213% | $343K | $26.9M | 52x | as long as short |
| Aster BTCUSDTshort | +0.0029% | 8h | 86,198 | +0.028% | $499.8M | $1.13B | 200x | |
| KuCoin XBTUSDTM | +0.0042% | 8h | 86,234.5 | +0.070% | $830.9M | $718.0M | 125x | as long as short |
Phoenix BTC
Bluefin BTC-PERP
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERP
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0047% | 1h | 86,171.7 | −0.003% | $6.7M | $145.8M | 40x | as long as short |
| BingX BTC-USDT | +0.0050% | 8h | 86,245.8 | +0.083% | — | $1.58B | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,157.3 | −0.020% | $8.3M | $42.4M | 25x | as long as short |
| Bitget BTCUSDT | +0.0064% | 8h | 86,243.7 | +0.081% | $2.97B | $5.05B | 150x | as long as short |
| SoDEX BTC-USD | +0.0077% | 1h | 86,212 | +0.044% | $60.4M | $338.2M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,214.2 | +0.047% | $2.5M | $1.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0083% | 8h | 86,232 | +0.067% | $9.40B | $24.33B | 150x | as long as short |
| MEXC BTC_USDT | +0.0083% | 8h | 86,233.6 | +0.069% | $5.09B | $5.74B | 500x | as long as short |
| Gate BTC_USDT | +0.0087% | 8h | 86,243 | +0.080% | $5.76B | $10.58B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,234.4 | +0.070% | $169.9M | $989.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,239 | +0.075% | $23.6M | $151.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,153 | −0.025% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,129 | −0.052% | $196K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERPlong | +0.0100% | 8h | 86,174.1 | long leg | $4.2M | $8.6M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 86,149.6 | −0.029% | $22.0M | $227.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,309 | +0.157% | $3.78B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,160.4 | −0.016% | $40.5M | $558.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,245.5 | +0.083% | $5.25B | $9.67B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,262.1 | +0.102% | $2.56B | $12.46B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,132 | −0.049% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,169.9 | −0.005% | $7.2M | $95.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,145.7 | −0.033% | $580.3M | $59.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,232.7 | +0.068% | $35.6M | $160.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,271.9 | +0.113% | $157.9M | $558.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,274.4 | +0.116% | $278.7M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,277 | +0.119% | $216.6M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,283.5 | +0.127% | $141.3M | $321.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,247 | +0.085% | $30.6M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,217.7 | +0.050% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,176 | +0.002% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,194.8 | +0.024% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,212.5 | +0.045% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,238.1 | +0.074% | $30.3M | $56.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,215.4 | +0.048% | $3.3M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,206.8 | +0.038% | $2.29B | $958.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,247.6 | +0.085% | $155.3M | $473.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,197.6 | +0.027% | $46.1M | $222.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,212.7 | +0.045% | — | $98.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,271.2 | +0.113% | $132.3M | $5.33B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,266 | +0.107% | $192.0M | $945.4M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0151% | 1h | 86,267.6 | +0.108% | $902.1M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,323 | +0.173% | $714K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0170% | 1h | 86,331.8 | +0.183% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0203% | 8h | 86,139.1 | −0.041% | $415.1M | $640.9M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0204% | 8h | 86,186 | +0.014% | $10.6M | $765.7M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0221% | 1h | 86,206.3 | +0.037% | $14.5M | — | 200x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
RISEx BTC/USDC
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
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
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]