Funding you earn now, next payment 00:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.65 per $10,000 · paid last 24h −0.021%
Price spread now: BingX against Paradex−0.037%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$160.156% of the position
Funding, last 4 days (all we have)−0.060%−$6 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now −0.037%, 7d avg −0.011%
=Together, before fees−0.111%+ Points / potential airdropParadex: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.026% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BTC-USD-PERP | 86,586.6 | 0.0100 | pay 0.0100% / 8h | 1h 21m | $4.8M | $8.5M | 50x |
| Short | BingX BTC-USDT | 86,554.5 | 0.0035 | get 0.0035% / 8h | 1h 21m | — | $1.59B | — |
Paradex BTC-USD-PERP
BingX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$13.62
- Price spread: −0.037% → −0.011%
- −$2.62
- Slippage, 4 orders
- −$1.6
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$31.84
- Costs to cover
- 0.156%
- Break-even
- never at this rate
Slippage from Paradex: live order book, 2 min ago; BingX: live order book, 7 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, 2 min ago | 0.75 bp | 2.7 bp −$3 | 2.7 bp −$27 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 0.02 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.0 bp −$502 | 5.3 bp −$2,635 |
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 | −0.0973% | 1h | 86,536.2 | −0.058% | $140K | $620K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,405 | −0.210% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,488 | −0.114% | $9K | $3K | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0020% | 1h | 86,511.1 | −0.087% | $82K | $217K | 20x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 86,548.6 | −0.044% | $504.7M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,505 | −0.094% | $359K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,500.1 | −0.100% | $425K | $23.8M | 6.7x | as long as short |
| KuCoin XBTUSDTM | +0.0001% | 8h | 86,548.4 | −0.044% | $852.5M | $711.3M | 125x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 86,541 | −0.053% | $17.0M | $21.1M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,526.5 | −0.069% | $36.8M | — | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
Aftermath Perps BTCUSD
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
KuCoin XBTUSDTM
dYdX BTC-USD
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 | 86,505 | −0.094% | $8.5M | $43.0M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0023% | 1h | 86,483.2 | −0.119% | $6.7M | $144.9M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | −0.032% | $315K | $26.8M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0030% | 1h | 86,551.8 | −0.040% | $921.3M | $1.48B | 50x | as long as short |
| BingX BTC-USDTshort | +0.0035% | 8h | 86,554.5 | −0.037% | — | $1.59B | — | |
| Phemex BTCUSDT | +0.0035% | 8h | 86,513 | −0.085% | $149.7M | $476.3M | 150x | as long as short |
| Bitget BTCUSDT | +0.0045% | 8h | 86,552.9 | −0.039% | $2.95B | $5.10B | 150x | as long as short |
| MEXC BTC_USDT | +0.0062% | 8h | 86,559.9 | −0.031% | $5.14B | $5.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0063% | 8h | 86,565.9 | −0.024% | $9.44B | $24.42B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,512.9 | −0.085% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0078% | 8h | 86,559.7 | −0.031% | $5.85B | $10.72B | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0080% | 1h | 86,529.3 | −0.066% | $717K | $8.2M | 30x | as long as short |
| Bybit BTCUSDT | +0.0091% | 8h | 86,555.6 | −0.036% | $5.26B | $9.77B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,577.1 | −0.011% | $171.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,579.5 | −0.008% | $24.1M | $152.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,500 | −0.100% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,481 | −0.122% | $203K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERPlong | +0.0100% | 8h | 86,586.6 | long leg | $4.8M | $8.5M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 86,465.8 | −0.140% | $22.0M | $234.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,628.3 | +0.048% | $3.81B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,591.8 | +0.006% | $40.8M | $513.3M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,550.5 | −0.042% | $2.54B | $12.75B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,562 | −0.028% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,624.1 | +0.043% | $7.4M | $94.3M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,343.9 | −0.280% | $570.6M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,528.8 | −0.067% | $37.9M | $155.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,374.3 | −0.245% | $155.6M | $566.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,398.5 | −0.217% | $279.2M | $947.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,484.6 | −0.118% | $217.1M | $175.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,464.3 | −0.141% | $141.4M | $323.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,483.6 | −0.119% | $30.7M | $203.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,538 | −0.056% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,495 | −0.106% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,495.4 | −0.105% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,522.8 | −0.074% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,509.5 | −0.089% | $30.3M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,489.1 | −0.113% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,517 | −0.080% | $60.4M | $337.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,486.9 | −0.115% | $2.30B | $968.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,533.1 | −0.062% | $45.4M | $226.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,494.5 | −0.106% | — | $98.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,555.9 | −0.035% | $131.9M | $5.70B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,543.2 | −0.050% | $191.5M | $943.8M | 100x | as long as short |
| BloFin BTC-USDT | +0.0183% | 8h | 86,489.1 | −0.113% | $415.7M | $654.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0184% / S −0.0210% | 1h | 86,511.9 | −0.086% | $15.2M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0197% | 8h | 86,523 | −0.073% | $9.7M | $733.3M | 6.4x | as long as short |
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Hibachi BTC/USDT-P
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
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