Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.16 per $10,000 · paid last 24h −0.006%
Price spread now: MEXC against Paradex−0.080%7-day average −0.010% · 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−$17as in the Price arb table
costs, in and out, $10k−$100.098% of the position
Funding, last 4 days (all we have)−0.021%−$2 on $10k
+Price spread, last 7 days+0.086%+$9 · spread now −0.080%, 7d avg −0.010%
=Together, before fees+0.065%+ Points / potential airdropParadex: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.070% cheaper against Paradex than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BTC-USD-PERP | 85,345.7 | 0.0100 | pay 0.0100% / 8h | 2h 36m | $5.6M | $9.5M | 50x |
| Short | MEXC BTC_USDT | 85,277.3 | 0.0084 | get 0.0084% / 8h | 2h 36m | $5.06B | $5.69B | 500x |
Paradex BTC-USD-PERP
MEXC BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$3.34
- Price spread: −0.080% → −0.010%
- −$6.97
- Slippage, 4 orders
- −$1.78
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$20.1
- Costs to cover
- 0.098%
- Break-even
- never at this rate
Slippage from Paradex: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 0.88 bp | 2.9 bp −$3 | 2.9 bp −$29 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.01 bp | 2.0 bp −$2 | 2.6 bp −$26 | 2.7 bp −$269 | 3.1 bp −$1,554 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,305.6 | −0.047% | $527K | $18.8M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,251 | −0.111% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,310 | −0.042% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0053% | 8h | 85,268.7 | −0.090% | $922.3M | $763.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0036% | 8h | 85,275.9 | −0.082% | $421.2M | $680.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,294.7 | −0.060% | $383K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0015% | 8h | 85,271.1 | −0.087% | $512.7M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,282.6 | −0.074% | $16.7M | $21.7M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,295.3 | −0.059% | $36.4M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0014% | 1h | 85,291 | −0.064% | $24.5M | $222.8M | 50x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | −0.141% | $338K | $26.8M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,313.6 | −0.038% | $187.5M | $956.8M | 100x | as long as short |
| SoDEX BTC-USD | +0.0062% | 1h | 85,282 | −0.075% | $59.7M | $335.9M | 40x | as long as short |
| Bullet BTC-USD | +0.0065% | 1h | 85,278.2 | −0.079% | $205K | $3.3M | 20x | as long as short |
| BingX BTC-USDC | +0.0066% | 8h | 85,266.9 | −0.092% | — | $17.4M | — | as long as short |
| Phemex BTCUSDT | +0.0072% | 8h | 85,293.1 | −0.062% | $149.1M | $503.5M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,273.7 | −0.084% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0083% | 8h | 85,280.4 | −0.076% | $2.95B | $5.17B | 150x | as long as short |
| MEXC BTC_USDTshort | +0.0084% | 8h | 85,277.3 | −0.080% | $5.06B | $5.69B | 500x | |
| Binance BTCUSDT | +0.0085% | 8h | 85,280.7 | −0.076% | $9.43B | $24.83B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,305.4 | −0.047% | $171.3M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,306.5 | −0.046% | $23.7M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,295 | −0.059% | $8.3M | $55.6M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,335 | −0.012% | $117.1M | $5.34B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,273 | −0.085% | $237K | $8.5M | 50x | as long as short |
| Paradex BTC-USD-PERPlong | +0.0100% | 8h | 85,345.7 | long leg | $5.6M | $9.5M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 85,366 | +0.024% | $3.75B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,324.4 | −0.025% | $40.1M | $595.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,276.8 | −0.081% | $5.16B | $9.92B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,283.1 | −0.073% | $2.58B | $12.18B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,310 | −0.042% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,296.8 | −0.057% | $4.6M | $99.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,324.1 | −0.025% | $679.5M | $626.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,281.4 | −0.075% | $5.53B | $10.88B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,276.3 | −0.081% | $36.0M | $174.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,226.6 | −0.140% | $154.6M | $565.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,188.6 | −0.184% | $278.8M | $941.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,191 | −0.181% | $214.1M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,188.3 | −0.184% | $139.3M | $315.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,252.5 | −0.109% | $30.1M | $206.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,347.7 | +0.002% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,287 | −0.069% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,279.2 | −0.078% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,329.6 | −0.019% | $217K | $750K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,259.5 | −0.101% | $30.1M | $50.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,261.7 | −0.098% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,277.5 | −0.080% | $2.26B | $953.1M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,258.4 | −0.102% | $45.4M | $238.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,309.2 | −0.043% | — | $107.0M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0112% | 1h | 85,271.8 | −0.087% | $6.6M | $147.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0135% | 1h | 85,331.1 | −0.017% | $872.4M | $1.61B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0174% | 8h | 85,300 | −0.053% | $11.4M | $749.0M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,290.1 | −0.065% | $13.0M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0216% | 1h | 85,303.7 | −0.049% | $79K | $225K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,306 | −0.046% | $719K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,322.7 | −0.027% | $8.7M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
SoDEX BTC-USD
Bullet BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
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
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC