Funding you earn now, next payment 05:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h −0.030%
Price spread now: Paradex against Deribit+0.017%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$120.123% of the position
Funding, last 4 days (all we have)−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.017%, 7d avg −0.021%
=Together, before fees−0.016%+ Points / potential airdropParadex: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.039% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BTC-PERPETUAL | 85,651.1 | 0.0021 | pay 0.0003% / 1h | 45m 19s | $884.2M | $1.59B | 50x |
| Short | Paradex BTC-USD-PERP | 85,666 | 0.0100 | get 0.0100% / 8h | 3h 45m | $5.7M | $9.4M | 50x |
Deribit BTC-PERPETUAL
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Deribit. 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
- $16.66
- Price spread: +0.017% → −0.021%
- $3.88
- Slippage, 4 orders
- −$1.29
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $8.25
- Costs to cover
- 0.123%
- Break-even
- 3.5 days
Slippage from Deribit: live order book, 4 min ago; Paradex: live order book, 4 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 Deribit live order book, 4 min ago | 0.12 bp | 3.6 bp −$4 | 4.0 bp −$40 | 7.1 bp −$712 | 12.6 bp −$6,277 |
| Sell Paradex live order book, 4 min ago | 0.09 bp | 2.6 bp −$3 | 3.8 bp −$38 | 186.2 bp −$18.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,589 | −0.072% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,649 | −0.002% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0039% | 8h | 85,581.5 | −0.081% | $916.8M | $756.6M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,603.7 | −0.055% | $418.0M | $675.3M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,604.3 | −0.055% | $366K | $2.3M | 50x | as long as short |
| Nado BTC-PERP | −0.0002% | 1h | 85,602.3 | −0.057% | $24.8M | $222.5M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,631.4 | −0.023% | $16.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,620.7 | −0.035% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0010% | 8h | 85,595.2 | −0.065% | $515.4M | $1.10B | 200x | as long as short |
| Deribit BTC-PERPETUALlong | +0.0021% | 1h | 85,651.1 | long leg | $884.2M | $1.59B | 50x |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Nado BTC-PERP
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,690 | +0.045% | $340K | $26.9M | 52x | as long as short |
| BingX BTC-USDT | +0.0065% | 8h | 85,608.9 | −0.049% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0066% | 8h | 85,626.7 | −0.028% | $148.7M | $491.2M | 150x | as long as short |
| SoDEX BTC-USD | +0.0080% | 1h | 85,614 | −0.043% | $60.0M | $336.1M | 40x | as long as short |
| Bitget BTCUSDT | +0.0081% | 8h | 85,623.7 | −0.032% | $2.96B | $5.11B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0093% | 1h | 85,587.8 | −0.074% | $6.6M | $147.0M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,623.2 | −0.033% | $172.1M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,631.9 | −0.022% | $23.9M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,590 | −0.071% | $8.7M | $54.6M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,616.4 | −0.040% | $2.5M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,578 | −0.085% | $202K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0100% | 8h | 85,666 | +0.017% | $5.7M | $9.4M | 50x | |
| Pacifica BTC | +0.0100% | 1h | 85,635.7 | −0.018% | $40.6M | $584.8M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,606.4 | −0.052% | $9.42B | $24.31B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,602.8 | −0.056% | $5.19B | $9.84B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,629.5 | −0.025% | $2.59B | $12.15B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,594 | −0.067% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,584.4 | −0.078% | $4.4M | $98.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,613.1 | −0.044% | $5.54B | $10.77B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,589.1 | −0.072% | $5.06B | $5.64B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,622.4 | −0.033% | $36.0M | $177.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,612.6 | −0.045% | $153.5M | $564.7M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,612.9 | −0.045% | $279.7M | $927.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,585.1 | −0.077% | $215.0M | $169.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,627.8 | −0.027% | $140.0M | $315.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,627.5 | −0.028% | $30.3M | $207.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,664.7 | +0.016% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,593 | −0.068% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,590 | −0.071% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,617.3 | −0.039% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,663.2 | +0.014% | $207K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,611.9 | −0.046% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,586.5 | −0.075% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,619.7 | −0.037% | $2.27B | $946.1M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,665.1 | +0.016% | $677.0M | $718.2M | 40x | as long as short |
| Hyperliquid BTC | +0.0101% | 1h | 85,678 | +0.031% | $3.79B | $5.02B | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,600.7 | −0.059% | $44.8M | $231.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,646.1 | −0.006% | — | $107.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,640 | −0.013% | $117.2M | $5.22B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,632.7 | −0.021% | $188.0M | $955.6M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,629.4 | −0.025% | $8.7M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0177% | 1h | 85,609.9 | −0.048% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0222% | 8h | 85,658 | +0.008% | $12.0M | $756.5M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0233% | 1h | 85,668 | +0.020% | $78K | $220K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,663.2 | +0.014% | $696K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,635.4 | −0.018% | $499K | $18.8M | 6.7x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDT
Phemex BTCUSDT
SoDEX BTC-USD
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC 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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Hyperliquid BTC
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC