Funding you earn now, next payment 10:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h −0.012%
Price spread now: Nado against Paradex−0.073%7-day average −0.016% · 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−$140.136% of the position
Funding, last 5 days (all we have)−0.019%−$2 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now −0.073%, 7d avg −0.016%
=Together, before fees+0.088%+ Points / potential airdropParadex: Active · Nado: Active · farm board+$9 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 Nado is 0.057% cheaper against Paradex than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BTC-USD-PERP | 85,828 | 0.0100 | pay 0.0100% / 8h | 6h 06m | $6.8M | $3.8M | 50x |
| Short | Nado BTC-PERP | 85,765.4 | 0.0052 | get 0.0007% / 1h | 6m 01s | $24.6M | $216.0M | 50x |
Paradex BTC-USD-PERP
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$10.03
- Price spread: −0.073% → −0.016%
- −$5.7
- Slippage, 4 orders
- −$2.56
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$29.29
- Costs to cover
- 0.136%
- Break-even
- never at this rate
Slippage from Paradex: live order book, 1 min ago; Nado: live order book, 1 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 | 0.82 bp | 2.8 bp −$3 | 2.8 bp −$28 | doesn't fit | doesn't fit |
| Sell Nado live order book, 1 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 5.0 bp −$502 | 11.7 bp −$5,846 |
BTC on 55 exchanges
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 | −0.0115% | 1h | 85,826 | −0.002% | $2.6M | $5.1M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,774 | −0.063% | $8K | $43 | 50x | as long as short |
| BloFin BTC-USDT | −0.0078% | 8h | 85,782.4 | −0.053% | $418.5M | $264.8M | 150x | as long as short |
| Aster BTCUSDT | −0.0039% | 8h | 85,722.9 | −0.122% | $516.7M | $343.0M | 200x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,648 | −0.210% | $294K | $31.8M | 52x | as long as short |
| Reya BTCRUSDPERP | −0.0002% | 1h | 85,780.6 | −0.055% | $7.0M | $115.4M | 40x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,791.4 | −0.043% | $16.8M | $4.9M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 85,792.7 | −0.041% | $823.9M | $956.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,765 | −0.073% | $36.6M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0015% | 1h | 85,788.4 | −0.046% | $10.3M | $31.0M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
Aster BTCUSDT
Injective BTC/USDC PERP
Reya BTCRUSDPERP
dYdX BTC-USD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
RISEx BTC/USDCShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0030% | 8h | 85,737 | −0.106% | — | $12.5M | — | as long as short |
| 01 Exchange BTCUSD | +0.0032% | 1h | 85,788.8 | −0.046% | $369K | $1.4M | 50x | as long as short |
| HTX BTC-USDT | +0.0032% | 8h | 85,754 | −0.086% | $2.25B | $415.7M | 200x | as long as short |
| Orderly PERP_BTC_USDC | +0.0037% | 8h | 85,752.1 | −0.088% | $3.3M | $9.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0040% | 1h | 85,751.2 | −0.089% | $2.4M | $2.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0042% | 8h | 85,733 | −0.111% | $5.17B | $3.26B | 500x | as long as short |
| Binance BTCUSDT | +0.0043% | 8h | 85,735.7 | −0.108% | $9.09B | $12.78B | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0049% | 8h | 85,735.7 | −0.108% | $1.01B | $412.1M | 125x | as long as short |
| Nado BTC-PERPshort | +0.0052% | 1h | 85,765.4 | −0.073% | $24.6M | $216.0M | 50x | |
| Bybit BTCUSDT | +0.0073% | 8h | 85,735.3 | −0.108% | $5.15B | $5.74B | 150x | as long as short |
| Phemex BTCUSDT | +0.0074% | 8h | 85,751.6 | −0.089% | $166.4M | $366.2M | 150x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0074% | 1h | 85,777.6 | −0.059% | $195.9M | $415.0M | 100x | as long as short |
| OKX BTC-USDT-SWAP | +0.0075% | 8h | 85,744.1 | −0.098% | $2.62B | $6.21B | 100x | as long as short |
| Bitget BTCUSDT | +0.0080% | 8h | 85,729.3 | −0.115% | $3.00B | $2.52B | 150x | as long as short |
| Variational Omni BTC | +0.0082% | 8h | 85,795.8 | −0.037% | $171.2M | $440.9M | — | as long as short |
| SoDEX BTC-USD | +0.0095% | 1h | 85,750 | −0.091% | $65.6M | $47.7M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,748.3 | −0.093% | $173.8M | $682.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,751.4 | −0.089% | $24.6M | $85.7M | 50x | as long as short |
| Extended BTC-USD | +0.0096% | 1h | 85,719.6 | −0.126% | $47.2M | $128.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,761 | −0.078% | $8.6M | $26.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,750 | −0.091% | $152K | $6.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,811 | −0.020% | $3.94B | $2.50B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,799.3 | −0.033% | $39.7M | $507.9M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,793 | −0.041% | $3.6M | $11.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,780.9 | −0.055% | $4.7M | $83.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,778.6 | −0.058% | $765.9M | $201.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,746.1 | −0.095% | $5.50B | $6.17B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,734.5 | −0.109% | $37.0M | $115.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,782.9 | −0.052% | $288.7M | $500.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,794.5 | −0.039% | $215.5M | $120.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,818.1 | −0.012% | $134.3M | $283.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,770.7 | −0.067% | $29.3M | $381.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,822.1 | −0.007% | — | $5.5M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,756 | −0.084% | $10.9M | $9.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,755.4 | −0.085% | $195K | $3.0M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,795.7 | −0.038% | $141K | $530K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,751.6 | −0.089% | $2.9M | $5.3M | 100x | as long as short |
| Paradex BTC-USD-PERPlong | +0.0100% | 8h | 85,828 | long leg | $6.8M | $3.8M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,798 | −0.035% | — | $45.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,795 | −0.038% | $108.4M | $4.81B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0144% / S −0.0110% | 1h | 85,761.5 | −0.077% | $16.9M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0172% | 8h | 85,807 | −0.024% | $12.7M | $658.0M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0381% | 1h | 85,806.5 | −0.025% | $65K | $169K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0400% | 1h | 85,848.7 | +0.024% | $801K | $5.0M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,792.8 | −0.041% | $681K | $11.1M | 6.7x | as long as short |
BingX BTC-USDC
01 Exchange BTCUSD
HTX BTC-USDT
Orderly PERP_BTC_USDC
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
KuCoin XBTUSDTM
Bybit BTCUSDT
Phemex BTCUSDT
Kraken Futures PF_XBTUSD
OKX BTC-USDT-SWAP
Bitget BTCUSDT
Variational Omni BTC
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Extended BTC-USD
Popdex BTCUSDT
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
SunX BTC-USDT
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC