BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.017%

Price spread now: Bitget against Paradex−0.027%7-day average −0.010% · 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−$20as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on Paradex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.041%−$4 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.027%, 7d avg −0.010%

Together, before fees−0.036%+ Points / potential airdropParadex: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BTC-USD-PERP	86,422.3	0.0100	pay 0.0100% / 8h	7h 31m	$4.2M	$8.6M	50x
Short	Bitget BTCUSDT	86,399.2	0.0063	get 0.0063% / 8h	7h 31m	$2.97B	$5.04B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Paradex. 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 ParadexbpFee BitgetbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$7.76
Price spread: −0.027% → −0.010%: −$1.67
Slippage, 4 orders: −$2.1
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.53
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from Paradex: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	1.04 bp	3.0 bp −$3	3.0 bp −$30	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.3 bp −$629	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	−0.0500%	1h	86,381.8	−0.047%	$144K	$666K	40x	as long as short
Phoenix BTC	−0.0129%	1h	86,337	−0.099%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,404	−0.021%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,398.8	−0.027%	$361K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,312.5	−0.127%	$483K	$21.6M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,353.3	−0.080%	$36.9M	—	200x	as long as short
Aster BTCUSDT	+0.0020%	8h	86,394.9	−0.032%	$501.0M	$1.14B	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,358	−0.074%	$343K	$26.9M	52x	as long as short
dYdX BTC-USD	+0.0025%	1h	86,374.9	−0.055%	$16.9M	$20.5M	50x	as long as short
KuCoin XBTUSDTM	+0.0040%	8h	86,378.3	−0.051%	$831.0M	$721.0M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0045%	1h	86,322.8	−0.115%	$6.7M	$145.7M	40x	as long as short
BingX BTC-USDT	+0.0050%	8h	86,403.6	−0.022%	—	$1.57B	—	as long as short
RISEx BTC/USDC	+0.0052%	1h	86,407	−0.018%	$8.3M	$42.5M	25x	as long as short
Bitget BTCUSDTshort	+0.0063%	8h	86,399.2	−0.027%	$2.97B	$5.04B	150x
HTX BTC-USDT	+0.0073%	8h	86,323.6	−0.114%	$2.29B	$965.1M	200x	as long as short
MEXC BTC_USDT	+0.0076%	8h	86,379.5	−0.050%	$5.13B	$5.69B	500x	as long as short
Phemex BTCUSDT	+0.0076%	8h	86,355.4	−0.077%	$154.2M	$473.9M	150x	as long as short
Binance BTCUSDT	+0.0077%	8h	86,396.7	−0.030%	$9.40B	$24.30B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	86,329.1	−0.108%	$2.5M	$1.7M	20x	as long as short
SoDEX BTC-USD	+0.0096%	1h	86,349	−0.085%	$60.4M	$338.2M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,387.4	−0.040%	$170.5M	$985.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,390.2	−0.037%	$23.7M	$149.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,395	−0.032%	$8.4M	$52.0M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,370	−0.061%	$203K	$7.2M	50x	as long as short
Paradex BTC-USD-PERPlong	+0.0100%	8h	86,422.3	long leg	$4.2M	$8.6M	50x
Nado BTC-PERP	+0.0100%	1h	86,336.8	−0.099%	$22.0M	$228.2M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,442	+0.023%	$3.79B	$5.00B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,410.2	−0.014%	$40.7M	$551.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,408.8	−0.016%	$5.26B	$9.67B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,409.8	−0.014%	$2.56B	$12.49B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,398	−0.028%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,418.8	−0.004%	$7.2M	$94.9M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,348	−0.086%	$573.1M	$19.8M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	86,403.4	−0.022%	$5.81B	$10.53B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,354.9	−0.078%	$37.6M	$156.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,400.1	−0.026%	$158.2M	$561.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,352.6	−0.081%	$278.9M	$950.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,334.3	−0.102%	$216.8M	$165.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,356.3	−0.076%	$141.6M	$321.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,355.2	−0.078%	$30.7M	$209.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,357.1	−0.075%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,324	−0.114%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,330.8	−0.106%	$192K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,346	−0.088%	$2.4M	$8.9M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,375.4	−0.054%	$30.5M	$58.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,325.6	−0.112%	$3.4M	$5.2M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	86,386.5	−0.041%	$45.9M	$222.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,325	−0.113%	—	$98.7M	500x	as long as short
Deribit BTC-PERPETUAL	+0.0115%	1h	86,392.1	−0.035%	$902.8M	$1.51B	50x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,393	−0.034%	$132.1M	$5.41B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,383.1	−0.045%	$192.4M	$942.3M	100x	as long as short
Aftermath Perps BTCUSD	+0.0165%	1h	86,386	−0.042%	$77K	$217K	20x	as long as short
Hibachi BTC/USDT-P	+0.0168%	1h	86,382.3	−0.046%	$710K	$8.0M	30x	as long as short
BloFin BTC-USDT	+0.0197%	8h	86,325.8	−0.112%	$415.7M	$645.9M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0204% / S −0.0218%	1h	86,352	−0.081%	$14.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0209%	8h	86,340	−0.095%	$10.2M	$763.8M	6.4x	as long as short