Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Polymarket Perps against Paradex−0.035%7-day average −0.021% · 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−$16as in the Price arb table
costs, in and out, $10k−$150.147% of the position
Funding, last 4 days (all we have)+0.008%+$1 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.035%, 7d avg −0.021%
=Together, before fees+0.034%+ Points / potential airdropParadex: Active · farm board+$3 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 | 85,380.2 | 0.0100 | pay 0.0100% / 8h | 2h 19m | $5.8M | $9.6M | 50x |
| Short | Polymarket Perps BTC-USD | 85,350 | 0.0100 | get 0.0013% / 1h | 19m 15s | $11.0M | $14.4M | 50x |
Paradex BTC-USD-PERP
Polymarket Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $0.01
- Price spread: −0.035% → −0.021%
- −$1.45
- Slippage, 4 orders
- −$2.69
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$16.14
- Costs to cover
- 0.147%
- Break-even
- 10731.7 days
Slippage from Paradex: live order book, 5 min ago; Polymarket Perps: 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, 5 min ago | 0.07 bp | 2.1 bp −$2 | 2.1 bp −$21 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 0.06 bp | 4.1 bp −$4 | 4.3 bp −$43 | 6.5 bp −$651 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,327.8 | −0.061% | $527K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,308 | −0.085% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,339 | −0.048% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,327.2 | −0.062% | $922.8M | $764.7M | 125x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,226.9 | −0.179% | $419.4M | $680.0M | 150x | as long as short |
| Aster BTCUSDT | −0.0015% | 8h | 85,349.6 | −0.036% | $512.8M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,341.2 | −0.046% | $354K | $2.4M | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,297 | −0.097% | $16.7M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,362.6 | −0.021% | $36.5M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | −0.182% | $338K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0037% | 1h | 85,317 | −0.074% | $24.8M | $222.4M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,366.1 | −0.017% | $187.7M | $954.1M | 100x | as long as short |
| BingX BTC-USDT | +0.0067% | 8h | 85,359.8 | −0.024% | — | $1.56B | — | as long as short |
| Phemex BTCUSDT | +0.0074% | 8h | 85,308.6 | −0.084% | $147.5M | $505.3M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,352.6 | −0.032% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,359.4 | −0.024% | $5.04B | $5.73B | 500x | as long as short |
| Bitget BTCUSDT | +0.0086% | 8h | 85,360 | −0.024% | $2.96B | $5.16B | 150x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,363.9 | −0.019% | $9.43B | $24.84B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,330.5 | −0.058% | $171.3M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,334.8 | −0.053% | $23.7M | $148.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,333 | −0.055% | $8.3M | $55.8M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,383.4 | +0.004% | $117.1M | $5.41B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,305 | −0.088% | $238K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERPlong | +0.0100% | 8h | 85,380.2 | long leg | $5.8M | $9.6M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 85,428 | +0.056% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,350.1 | −0.035% | $40.0M | $597.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,350.9 | −0.034% | $5.15B | $9.95B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,367.9 | −0.014% | $2.58B | $12.20B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,323 | −0.067% | $3.8M | $17.5M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,331.9 | −0.057% | $4.6M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,163.7 | −0.254% | $678.5M | $565.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,358 | −0.026% | $5.51B | $11.01B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,306 | −0.087% | $36.3M | $176.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,218.8 | −0.189% | $154.2M | $561.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,241.6 | −0.162% | $279.4M | $948.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,107.4 | −0.320% | $213.8M | $166.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,093.4 | −0.336% | $139.1M | $315.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,285.1 | −0.111% | $30.1M | $207.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,398.7 | +0.022% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USDshort | +0.0100% | 1h | 85,350 | −0.035% | $11.0M | $14.4M | 50x | |
| Bullet BTC-USD | +0.0100% | 1h | 85,359 | −0.025% | $205K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,360.3 | −0.023% | $2.6M | $9.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,408.2 | +0.033% | $228K | $760K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,333.4 | −0.055% | $30.0M | $48.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,283 | −0.114% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,359 | −0.025% | $59.8M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,299 | −0.095% | $2.26B | $942.2M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,335.3 | −0.053% | $45.0M | $239.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,364 | −0.019% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0117% | 1h | 85,343.9 | −0.042% | $6.6M | $147.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0131% | 1h | 85,394.7 | +0.017% | $866.9M | $1.61B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,359.3 | −0.024% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,304 | −0.089% | $11.5M | $743.5M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0223% | 1h | 85,243 | −0.161% | $78K | $227K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,319.8 | −0.071% | $688K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,353 | −0.032% | $8.7M | $43.2M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Phemex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC