Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.020%
Price spread now: BingX against Paradex−0.035%7-day average −0.009% · 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−$19as in the Price arb table
costs, in and out, $10k−$160.159% of the position
Funding, last 4 days (all we have)−0.065%−$7 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now −0.035%, 7d avg −0.009%
=Together, before fees−0.028%+ Points / potential airdropParadex: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.026% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BTC-USD-PERP | 85,669.1 | 0.0100 | pay 0.0100% / 8h | 5h 03m | $3.8M | $8.3M | 50x |
| Short | BingX BTC-USDT | 85,639.3 | 0.0058 | get 0.0058% / 8h | 5h 03m | — | $1.53B | — |
Paradex BTC-USD-PERP
BingX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$8.76
- Price spread: −0.035% → −0.009%
- −$2.62
- Slippage, 4 orders
- −$1.89
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$27.27
- Costs to cover
- 0.159%
- Break-even
- never at this rate
Slippage from Paradex: live order book, 1 min ago; BingX: live order book, 6 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, 1 min ago | 0.92 bp | 2.9 bp −$3 | 2.9 bp −$29 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 0.02 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.3 bp −$534 | 6.1 bp −$3,036 |
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 | −0.0438% | 1h | 85,697.9 | +0.034% | $194K | $725K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,635 | −0.040% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,657 | −0.014% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,664.5 | −0.005% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0033% | 8h | 85,644.4 | −0.029% | $417.0M | $665.3M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,668.5 | −0.001% | $16.7M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0001% | 8h | 85,627.3 | −0.049% | $919.5M | $751.5M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,669.6 | +0.001% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0016% | 8h | 85,669.1 | 0.000% | $516.3M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0017% | 1h | 85,650.4 | −0.022% | $22.6M | $219.5M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDTshort | +0.0058% | 8h | 85,639.3 | −0.035% | — | $1.53B | — | |
| Bitget BTCUSDT | +0.0072% | 8h | 85,633 | −0.042% | $2.95B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0074% | 1h | 85,644.6 | −0.029% | $6.7M | $146.5M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,807 | +0.161% | $341K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,650.2 | −0.022% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,660.8 | −0.010% | $9.34B | $23.94B | 150x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,631.6 | −0.044% | $5.06B | $5.66B | 500x | as long as short |
| SoDEX BTC-USD | +0.0089% | 1h | 85,663 | −0.007% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0090% | 8h | 85,656.8 | −0.014% | $2.27B | $937.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0096% | 8h | 85,681.3 | +0.014% | $149.5M | $481.0M | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,645.1 | −0.028% | $174.1M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,655.6 | −0.016% | $23.9M | $149.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,666 | −0.004% | $8.4M | $52.4M | 100x | as long as short |
| Paradex BTC-USD-PERPlong | +0.0100% | 8h | 85,669.1 | long leg | $3.8M | $8.3M | 50x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,633 | −0.042% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,724 | +0.064% | $3.75B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,675 | +0.007% | $40.1M | $576.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,683.9 | +0.017% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,643.9 | −0.029% | $2.57B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,632 | −0.043% | $4.0M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,630.4 | −0.045% | $6.8M | $97.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,642.6 | −0.031% | $5.54B | $10.59B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,668.5 | −0.001% | $35.9M | $174.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,642.7 | −0.031% | $156.8M | $560.7M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,634.2 | −0.041% | $279.7M | $919.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,643.7 | −0.030% | $215.1M | $164.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,661.1 | −0.009% | $140.0M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,646 | −0.027% | $30.3M | $208.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,698.4 | +0.034% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,652 | −0.020% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,658.3 | −0.013% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,659 | −0.012% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,652.7 | −0.019% | $30.0M | $51.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,633.1 | −0.042% | $2.9M | $6.1M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,642.1 | −0.032% | $641.7M | $524.8M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,611.4 | −0.067% | $44.3M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,653.8 | −0.018% | — | $106.1M | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0109% | 1h | 85,709.3 | +0.047% | $891.6M | $1.53B | 50x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,702.3 | +0.039% | $122.8M | $5.11B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,681.1 | +0.014% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,708.7 | +0.046% | $189.2M | $953.2M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,675.6 | +0.008% | $702K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0177% | 1h | 85,667.8 | −0.002% | $13.5M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0207% | 1h | 85,724.2 | +0.064% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0219% | 8h | 85,688 | +0.022% | $10.7M | $759.3M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,685.9 | +0.020% | $500K | $19.0M | 6.7x | as long as short |
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus 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
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Deribit BTC-PERPETUAL
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC