data as of
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Funding arb /

BTC

all BTC markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC−0.0014%/8h
paid, last 24h+0.001%paid, last 3 days−0.097%to open and close $10k−$8
Long on Lighter RHShort on Paradex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH BTC85,535.40.0096pay 0.0012% / 1h36m 52s$25.5M$132.4M50x
ShortParadex BTC-USD-PERP85,412.30.0082get 0.0082% / 8h1h 36m$4.3M$6.5M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$2.98
Slippage, 4 orders
−$3.58
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$10.56
Break-even
never at this rate
Slippage from Lighter RH: live order book, 4 min ago; Paradex: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.144%
Avg gap 7d
+0.004%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 4 min ago0.72 bp0.8 bp −$10.9 bp −$93.2 bp −$32521.9 bp −$11.0K
Sell Paradex live order book, 4 min ago1.01 bp3.0 bp −$33.0 bp −$30doesn't fitdoesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.0892%1h$142K$400K40xas long as short
Perpl BTC−0.0447%43m$399K$31.1M6.7xas long as short
edgeX BTCUSDC−0.0110%4h$284.1M$801.8M100xas long as short
ApeX Omni BTCUSDT−0.0103%1h$138.3M$316.8M100xas long as short
01 Exchange BTCUSD−0.0088%1h$279K$2.3M50xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Aftermath Perps BTCUSD−0.0062%1h$84K$140K20xas long as short
Reya BTCRUSDPERP−0.0032%1h$6.8M$137.4M40xas long as short
Gate BTC_USDT−0.0015%8h$6.05B$8.57B200xas long as short
Bitget BTCUSDT−0.0010%8h$2.97B$4.29B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDC−0.0010%8h—$14.4M—as long as short
Phemex BTCUSDT−0.0006%8h$158.2M$375.4M150xas long as short
dYdX BTC-USD0.0000%1h$16.5M$14.3M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.9M$505.4M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.5M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
SoDEX BTC-USD+0.0026%1h$61.3M$234.5M40xas long as short
HTX BTC-USDT+0.0035%8h$2.29B$781.2M200xas long as short
Aster BTCUSDT+0.0036%8h$495.0M$1.02B200xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$187.8M$752.9M100xas long as short
OKX BTC-USDT-SWAP+0.0053%8h$2.57B$10.73B100xas long as short
Nado BTC-PERP+0.0063%1h$24.0M$222.1M50xas long as short
KuCoin XBTUSDTM+0.0064%8h$804.4M$578.2M125xas long as short
Bullet BTC-USD+0.0073%1h$248K$3.3M20xas long as short
Paradex BTC-USD-PERPshort+0.0082%8h$4.3M$6.5M50x
Aevo BTC-PERP+0.0088%1h$2.4M$1.7M20xas long as short
MEXC BTC_USDT+0.0090%8h$4.95B$4.68B500xas long as short
Binance BTCUSDT+0.0090%8h$9.58B$19.67B150xas long as short
Lighter BTC+0.0096%1h$180.0M$860.9M50xas long as short
Lighter RH BTClong+0.0096%1h$25.5M$132.4M50x
Popdex BTCUSDT+0.0096%1h$8.4M$40.9M100xas long as short
Katana Perps BTC-USD+0.0100%8h$195K$5.0M50xas long as short
Pacifica BTC+0.0100%1h$36.5M$317.3M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.09B$7.87B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.5M25xas long as short
Arcus BTC-USD+0.0100%1h$6.0M$77.5M40xas long as short
Bulk BTC-USD+0.0100%1h$533.0M$59.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.3M$100.5M75xas long as short
Variational Omni BTC+0.0100%8h$173.7M$467.5M—as long as short
StandX BTC-USD+0.0100%1h$30.5M$245.9M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.8M$10.6M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$6.8M100xas long as short
Derive BTC-PERP+0.0100%1h$28.3M$55.9M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.3M100xas long as short
Extended BTC-USD+0.0104%1h$47.4M$200.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$85.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$143.2M$6.15B50xas long as short
Hibachi BTC/USDT-P+0.0120%1h$602K$7.3M30xas long as short
Hyperliquid BTC+0.0124%1h$3.86B$4.09B40xas long as short
RISEx BTC/USDC+0.0178%1h$8.8M$36.7M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$306K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0199% / S −0.0205%1h$13.4M—200xas long as short
BloFin BTC-USDT+0.0210%8h$421.5M$484.4M150xas long as short
Deribit BTC-PERPETUAL+0.0462%1h$850.8M$939.4M50xas long as short