data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb /

BTC

all BTC markets
SwapPrice view
Alert
Measured
My alerts

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 19:00 UTC+0.0001%/8h
paid, last 24h−0.015%paid, last 3 days−0.072%to open and close $10k−$16
Long on ParadexShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BTC-USD-PERP85,9390.0099pay 0.0099% / 8h5h 31m$4.4M$6.9M50x
ShortBackpack BTC_USDC_PERP85,904.30.0100get 0.0013% / 1h31m 42s$37.6M$134.7M75x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
$0.3
Slippage, 4 orders
−$1.83
Fee Paradex: 2 bp × 2 orders
−$4
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$15.53
Break-even
374.7 days
Slippage from Paradex: live order book, 4 min ago; Backpack: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.040%
Avg gap 7d
−0.045%
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 Paradex live order book, 4 min ago0.36 bp2.4 bp −$22.4 bp −$24doesn't fitdoesn't fit
Sell Backpack live order book, 4 min ago0.01 bp5.0 bp −$55.0 bp −$505.8 bp −$57919.4 bp −$9,720

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$402K$26.1M6.7xas long as short
Arcus BTC-USD−0.0299%1h$6.7M$86.2M40xas long as short
BloFin BTC-USDT−0.0089%8h$421.9M$567.7M150xas long as short
Phoenix BTC−0.0082%1h$2.0M$11.0M40xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$4K50xas long as short
01 Exchange BTCUSD−0.0048%1h$311K$2.4M50xas long as short
Kraken Futures PF_XBTUSD−0.0019%1h$189.0M$818.0M100xas long as short
Reya BTCRUSDPERP−0.0017%1h$6.7M$138.4M40xas long as short
KuCoin XBTUSDTM−0.0007%8h$806.7M$620.5M125xas long as short
Injective BTC/USDC PERP−0.0006%1h$309K$27.0M52xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SoDEX BTC-USD−0.0004%1h$60.9M$285.2M40xas long as short
dYdX BTC-USD−0.0001%1h$17.2M$17.7M50xas long as short
Kalshi KXBTCPERP0.0000%8h$11.8M$655.4M6.4xas long as short
Bitget BTCUSDT+0.0002%8h$2.96B$4.68B150xas long as short
BingX BTC-USDT+0.0002%8h—$1.37B—as long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.8M—200xas long as short
Aftermath Perps BTCUSD+0.0006%1h$87K$157K20xas long as short
Bulk BTC-USD+0.0010%1h$563.2M$127.1M40xas long as short
ApeX Omni BTCUSDT+0.0016%1h$140.2M$320.3M100xas long as short
Aster BTCUSDT+0.0017%8h$506.4M$1.10B200xas long as short
Phemex BTCUSDT+0.0023%8h$151.5M$424.2M150xas long as short
OKX BTC-USDT-SWAP+0.0029%8h$2.67B$11.59B100xas long as short
MEXC BTC_USDT+0.0030%8h$5.15B$5.12B500xas long as short
Binance BTCUSDT+0.0031%8h$9.51B$22.12B150xas long as short
Gate BTC_USDT+0.0031%8h$6.06B$9.63B200xas long as short
RISEx BTC/USDC+0.0031%1h$9.1M$38.8M25xas long as short
Aevo BTC-PERP+0.0032%1h$2.4M$1.3M20xas long as short
Bybit BTCUSDT+0.0035%8h$5.28B$8.67B150xas long as short
Popdex BTCUSDT+0.0056%1h$8.5M$46.3M100xas long as short
HTX BTC-USDT+0.0062%8h$2.29B$847.9M200xas long as short
Variational Omni BTC+0.0075%8h$171.2M$505.6M—as long as short
Extended BTC-USD+0.0088%1h$48.5M$200.4M50xas long as short
Lighter BTC+0.0096%1h$172.0M$950.0M50xas long as short
Lighter RH BTC+0.0096%1h$24.4M$138.1M50xas long as short
Hibachi BTC/USDT-P+0.0096%1h$753K$6.5M30xas long as short
Orderly PERP_BTC_USDC+0.0097%8h$2.4M$7.4M100xas long as short
Paradex BTC-USD-PERPlong+0.0099%8h$4.4M$6.9M50x
Katana Perps BTC-USD+0.0100%8h$192K$5.9M50xas long as short
Nado BTC-PERP+0.0100%1h$23.1M$226.8M50xas long as short
Pacifica BTC+0.0100%1h$36.8M$416.1M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$4.0M$17.4M25xas long as short
Backpack BTC_USDC_PERPshort+0.0100%1h$37.6M$134.7M75x
edgeX BTCUSDC+0.0100%4h$281.0M$883.9M100xas long as short
StandX BTC-USD+0.0100%1h$30.7M$214.9M40xas long as short
Vest BTC-PERP+0.0100%1h—$11.5M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$11.0M$12.3M50xas long as short
Bullet BTC-USD+0.0100%1h$234K$3.3M20xas long as short
Bluefin BTC-PERP+0.0100%1h$144K$411K40xas long as short
Derive BTC-PERP+0.0100%1h$30.4M$58.9M15xas long as short
SunX BTC-USDT+0.0100%8h$3.4M$5.8M100xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$83.8M500xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0172% / S −0.0153%1h$12.7M—200xas long as short
Hyperliquid BTC+0.0178%1h$3.96B$4.49B40xas long as short
Coinbase International BTC-PERP-INTX+0.0200%1h$129.8M$5.84B50xas long as short
Deribit BTC-PERPETUAL+0.0212%1h$915.8M$1.11B50xas long as short