Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.130%
Price spread now: Bluefin against Paradex−0.053%7-day average −0.045% · 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−$19as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Funding, last 4 days (all we have)−0.435%−$44 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.053%, 7d avg −0.045%
=Together, before fees−0.433%+ Points / potential airdropParadex: Active · farm board−$43 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BTC-USD-PERP | 85,416.4 | 0.0100 | pay 0.0100% / 8h | 40m 08s | $5.8M | $9.5M | 50x |
| Short | Bluefin BTC-PERP | 85,371.4 | 0.0100 | get 0.0013% / 1h | 40m 08s | $194K | $795K | 40x |
Paradex BTC-USD-PERP
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin 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
- $0
- Price spread: −0.053% → −0.045%
- −$0.76
- Slippage, 4 orders
- −$7.4
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$19.15
- Costs to cover
- 0.184%
- Break-even
- 43276.9 days
Slippage from Paradex: live order book, 4 min ago; Bluefin: live order book, 64 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, 4 min ago | 1.01 bp | 3.0 bp −$3 | 3.0 bp −$30 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 64 min ago | 1.09 bp | 6.5 bp −$7 | 11.6 bp −$116 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,358 | −0.068% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,472 | +0.065% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0024% | 8h | 85,337.6 | −0.092% | $930.5M | $775.4M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,388.6 | −0.033% | $421.1M | $682.5M | 150x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,337.6 | −0.092% | $511.8M | $1.08B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,354.9 | −0.072% | $347K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,383.2 | −0.039% | $459K | $18.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,354.5 | −0.072% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0005% | 1h | 85,389.7 | −0.031% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,348.5 | −0.079% | $185.6M | $952.2M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | +0.0066% | 1h | 85,421.4 | +0.006% | $139.6M | $312.8M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,367 | −0.058% | $338K | $24.6M | 52x | as long as short |
| BingX BTC-USDC | +0.0067% | 8h | 85,314.2 | −0.120% | — | $17.4M | — | as long as short |
| Nado BTC-PERP | +0.0082% | 1h | 85,364.6 | −0.061% | $24.1M | $220.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0083% | 8h | 85,326.4 | −0.105% | $5.13B | $9.98B | 150x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,337.4 | −0.092% | $2.97B | $5.18B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0094% | 1h | 85,376.7 | −0.046% | $840.7M | $1.66B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,346.5 | −0.082% | $168.8M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,349.4 | −0.078% | $23.6M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,351 | −0.077% | $8.4M | $57.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,334.8 | −0.096% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,335.5 | −0.095% | $5.05B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0099% | 8h | 85,333 | −0.098% | $9.41B | $25.01B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,328 | −0.103% | $271K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERPlong | +0.0100% | 8h | 85,416.4 | long leg | $5.8M | $9.5M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 85,418 | +0.002% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,392 | −0.029% | $40.1M | $605.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,336.4 | −0.094% | $2.60B | $12.21B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,344 | −0.085% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,364 | −0.061% | $4.7M | $96.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,349 | −0.079% | $691.7M | $275.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,339.1 | −0.091% | $5.52B | $11.04B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,325.9 | −0.106% | $37.2M | $185.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,361.8 | −0.064% | $156.0M | $553.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,384.5 | −0.037% | $283.1M | $956.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,426.5 | +0.012% | $214.4M | $159.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,423 | +0.008% | $30.1M | $210.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,417.1 | +0.001% | — | $10.1M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,348 | −0.080% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,351.3 | −0.076% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,338.5 | −0.091% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 85,371.4 | −0.053% | $194K | $795K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,320.3 | −0.112% | $29.9M | $45.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,335 | −0.095% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,333 | −0.098% | $59.7M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,341.9 | −0.087% | $2.26B | $967.4M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,344.5 | −0.084% | $159.0M | $514.5M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,314.1 | −0.120% | $45.5M | $241.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,353.5 | −0.074% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,373 | −0.051% | $112.3M | $5.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0138% | 1h | 85,325 | −0.107% | $6.6M | $146.0M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,371 | −0.053% | $12.0M | $736.2M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,370.5 | −0.054% | $8.8M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,352.3 | −0.075% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,459.3 | +0.050% | $684K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0298% | 1h | 85,410.3 | −0.007% | $79K | $252K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDC
Nado BTC-PERP
Bybit BTCUSDT
Bitget BTCUSDT
Deribit BTC-PERPETUAL
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate 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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD