BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.009%

Price spread now: Paradex against MEXC+0.032%7-day average +0.011% · 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−$7as in the Price arb table

costs, in and out, $10k−$100.095% of the position

Long on MEXC Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.018%+$2 on $10k

Price spread, last 7 days+0.041%+$4 · spread now +0.032%, 7d avg +0.011%

Together, before fees+0.060%+ Points / potential airdropParadex: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.021% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	86,472	0.0061	pay 0.0061% / 8h	1h 23m	$5.13B	$5.69B	500x
Short	Paradex BTC-USD-PERP	86,499.4	0.0100	get 0.0100% / 8h	1h 23m	$4.8M	$8.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee ParadexbpOrdersPrice spread, now +0.032%Rate

Funding earned: $8.16
Price spread: +0.032% → +0.011%: $2.06
Slippage, 4 orders: −$1.51
Fee MEXC: 2 bp × 2 orders: −$4
Fee Paradex: 2 bp × 2 orders: −$4
Net: $0.71
Costs to cover: 0.095%
Break-even: 6.4 days

Slippage from MEXC: live order book, 6 min ago; Paradex: 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 MEXC live order book, 6 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.0 bp −$201	2.3 bp −$1,157
Sell Paradex live order book, 1 min ago	0.75 bp	2.8 bp −$3	2.8 bp −$28	doesn't fit	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
Bluefin BTC-PERP	−0.1058%	1h	86,508.5	+0.042%	$140K	$618K	40x	as long as short
Phoenix BTC	−0.0159%	1h	86,405	−0.077%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,377	−0.110%	$9K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0036%	1h	86,499.3	+0.032%	$82K	$217K	20x	as long as short
Aster BTCUSDT	−0.0010%	8h	86,466.9	−0.006%	$504.2M	$1.15B	200x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	86,500.2	+0.033%	$359K	$2.4M	50x	as long as short
KuCoin XBTUSDTM	0.0000%	8h	86,451.6	−0.024%	$851.3M	$711.3M	125x	as long as short
Perpl BTC	0.0000%	43m	86,515.8	+0.051%	$426K	$23.8M	6.7x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,523.4	+0.059%	$921.3M	$1.48B	50x	as long as short
dYdX BTC-USD	+0.0002%	1h	86,488.5	+0.019%	$17.0M	$21.1M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,509.6	+0.043%	$36.8M	—	200x	as long as short
RISEx BTC/USDC	+0.0006%	1h	86,498.2	+0.030%	$8.5M	$43.0M	25x	as long as short
Reya BTCRUSDPERP	+0.0022%	1h	86,480.6	+0.010%	$6.7M	$144.9M	40x	as long as short
Injective BTC/USDC PERP	+0.0024%	1h	86,559	+0.101%	$315K	$26.8M	52x	as long as short
Phemex BTCUSDT	+0.0032%	8h	86,493.1	+0.024%	$149.4M	$476.4M	150x	as long as short
BingX BTC-USDC	+0.0034%	8h	86,461.1	−0.013%	—	$15.3M	—	as long as short
Bitget BTCUSDT	+0.0044%	8h	86,475.9	+0.005%	$2.95B	$5.10B	150x	as long as short
MEXC BTC_USDTlong	+0.0061%	8h	86,472	long leg	$5.13B	$5.69B	500x
Binance BTCUSDT	+0.0063%	8h	86,472	0.000%	$9.43B	$24.41B	150x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,495.9	+0.028%	$2.4M	$1.3M	20x	as long as short
Hibachi BTC/USDT-P	+0.0072%	1h	86,500.4	+0.033%	$717K	$8.2M	30x	as long as short
Gate BTC_USDT	+0.0077%	8h	86,488.5	+0.019%	$5.85B	$10.72B	200x	as long as short
Bybit BTCUSDT	+0.0091%	8h	86,472.8	+0.001%	$5.25B	$9.76B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,474.9	+0.003%	$170.8M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,476.1	+0.005%	$24.1M	$152.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,496	+0.028%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,467	−0.006%	$203K	$6.9M	50x	as long as short
Paradex BTC-USD-PERPshort	+0.0100%	8h	86,499.4	+0.032%	$4.8M	$8.5M	50x
Nado BTC-PERP	+0.0100%	1h	86,518	+0.053%	$22.0M	$234.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,525	+0.061%	$3.80B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,496.2	+0.028%	$40.8M	$513.3M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,480.7	+0.010%	$2.54B	$12.74B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,506	+0.039%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,554.8	+0.096%	$7.4M	$94.2M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,343.9	−0.148%	$570.6M	$18.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,482.9	+0.013%	$37.9M	$155.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,374.3	−0.113%	$155.6M	$566.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,370.9	−0.117%	$279.1M	$946.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,399.5	−0.084%	$216.9M	$174.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,399.7	−0.084%	$141.3M	$323.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,431.7	−0.047%	$30.7M	$203.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,531.4	+0.069%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,488	+0.019%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,495.7	+0.027%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,498.9	+0.031%	$2.4M	$8.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,482.8	+0.013%	$30.0M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,491.1	+0.022%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,490	+0.021%	$60.4M	$337.2M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,481.8	+0.011%	$2.30B	$968.4M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,455.1	−0.020%	$45.5M	$226.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,534.4	+0.072%	—	$98.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,529.8	+0.067%	$132.3M	$5.70B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,518.6	+0.054%	$191.5M	$943.5M	100x	as long as short
BloFin BTC-USDT	+0.0181%	8h	86,498.3	+0.030%	$415.8M	$654.4M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0184% / S −0.0213%	1h	86,503.3	+0.036%	$15.3M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0196%	8h	86,532	+0.069%	$9.6M	$732.3M	6.4x	as long as short