BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.020%

Price spread now: Gate against Paradex−0.046%7-day average −0.012% · 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−$24as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Paradex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.039%−$4 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.046%, 7d avg −0.012%

Together, before fees−0.036%+ Points / potential airdropParadex: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.034% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BTC-USD-PERP	86,495.3	0.0100	pay 0.0100% / 8h	28m 58s	$4.8M	$8.5M	50x
Short	Gate BTC_USDT	86,455.1	0.0083	get 0.0083% / 8h	28m 58s	$5.87B	$10.76B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: −$3.54
Price spread: −0.046% → −0.012%: −$3.44
Slippage, 4 orders: −$1.78
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$27.77
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Paradex: live order book, just now; Gate: live order book, 5 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, just now	0.88 bp	2.9 bp −$3	2.9 bp −$29	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.01 bp	7.5 bp −$8	7.6 bp −$76	9.4 bp −$937	12.2 bp −$6,124

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	−0.0118%	1h	86,477	−0.021%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,455	−0.047%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,568	+0.084%	$333K	$26.8M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,473.2	−0.025%	$8.3M	$42.9M	25x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,488.3	−0.008%	$358K	$2.5M	50x	as long as short
Aster BTCUSDT	−0.0001%	8h	86,453.4	−0.048%	$501.7M	$1.15B	200x	as long as short
Perpl BTC	0.0000%	43m	86,478.3	−0.020%	$416K	$23.1M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,484.8	−0.012%	$36.8M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0017%	8h	86,453.7	−0.048%	$850.1M	$715.5M	125x	as long as short
Reya BTCRUSDPERP	+0.0031%	1h	86,456.6	−0.045%	$6.7M	$145.5M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0042%	8h	86,453.8	−0.048%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0051%	8h	86,464.1	−0.036%	$150.7M	$478.6M	150x	as long as short
Bitget BTCUSDT	+0.0052%	8h	86,447.1	−0.056%	$2.96B	$5.13B	150x	as long as short
Deribit BTC-PERPETUAL	+0.0056%	1h	86,503.7	+0.010%	$914.7M	$1.48B	50x	as long as short
dYdX BTC-USD	+0.0067%	1h	86,493.3	−0.002%	$16.9M	$21.2M	50x	as long as short
Binance BTCUSDT	+0.0070%	8h	86,452.6	−0.049%	$9.42B	$24.57B	150x	as long as short
MEXC BTC_USDT	+0.0070%	8h	86,447.5	−0.055%	$5.16B	$5.66B	500x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,454.3	−0.047%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDTshort	+0.0083%	8h	86,455.1	−0.046%	$5.87B	$10.76B	200x
SoDEX BTC-USD	+0.0086%	1h	86,465	−0.035%	$60.5M	$337.9M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,462.3	−0.038%	$170.3M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,470.7	−0.028%	$24.0M	$152.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,462	−0.038%	$8.5M	$52.4M	100x	as long as short
Bybit BTCUSDT	+0.0098%	8h	86,452.8	−0.049%	$5.26B	$9.81B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,444	−0.059%	$200K	$7.1M	50x	as long as short
Paradex BTC-USD-PERPlong	+0.0100%	8h	86,495.3	long leg	$4.8M	$8.5M	50x
Nado BTC-PERP	+0.0100%	1h	86,459.6	−0.041%	$21.9M	$234.7M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,526	+0.036%	$3.79B	$5.11B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,498.6	+0.004%	$41.1M	$529.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,458.6	−0.042%	$2.55B	$12.73B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,473	−0.026%	$3.9M	$18.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,503.5	+0.010%	$7.5M	$95.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,451.9	−0.050%	$38.2M	$155.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,474.8	−0.024%	$157.5M	$568.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,477.1	−0.021%	$279.3M	$947.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,485.6	−0.011%	$217.2M	$171.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,488.9	−0.007%	$141.4M	$323.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,471	−0.028%	$30.7M	$205.4M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,507.1	+0.014%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,459	−0.042%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,456.7	−0.045%	$190K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,469	−0.030%	$2.4M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,494.5	−0.001%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,495.8	+0.001%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,450.6	−0.052%	$3.4M	$5.4M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,450	−0.052%	$2.29B	$969.5M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,464.9	−0.035%	$572.1M	$16.9M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,434.1	−0.071%	$45.5M	$227.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,485.2	−0.012%	—	$98.9M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,493.6	−0.002%	$194.0M	$952.3M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,503.8	+0.010%	$132.3M	$5.66B	50x	as long as short
Aftermath Perps BTCUSD	+0.0143%	1h	86,519.6	+0.028%	$79K	$218K	20x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	86,500.8	+0.006%	$728K	$8.1M	30x	as long as short
BloFin BTC-USDT	+0.0190%	8h	86,461	−0.040%	$415.5M	$658.7M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0195% / S −0.0218%	1h	86,474.9	−0.024%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0208%	8h	86,488	−0.008%	$9.7M	$746.3M	6.4x	as long as short