BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0140%/8h= −15.3% APRnext payment −$1.40 per $10,000 · paid last 24h −0.016%

Price spread now: KuCoin against Paradex−0.081%7-day average −0.011% · 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−$25as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Paradex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.059%−$6 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.081%, 7d avg −0.011%

Together, before fees+0.034%+ Points / potential airdropParadex: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.070% cheaper against Paradex than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BTC-USD-PERP	85,644	0.0100	pay 0.0100% / 8h	3h 43m	$5.7M	$9.4M	50x
Short	KuCoin XBTUSDTM	85,574.6	−0.0040	pay 0.0040% / 8h	3h 43m	$916.7M	$756.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$29.38
Price spread: −0.081% → −0.011%: −$7.01
Slippage, 4 orders: −$1.71
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$54.1
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from Paradex: live order book, 1 min ago; KuCoin: 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	0.77 bp	2.8 bp −$3	2.8 bp −$28	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	0.01 bp	6.1 bp −$6	6.7 bp −$67	9.7 bp −$972	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
Phoenix BTC	−0.0140%	1h	85,589	−0.064%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,610	−0.040%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTMshort	−0.0040%	8h	85,574.6	−0.081%	$916.7M	$756.6M	125x
BloFin BTC-USDT	−0.0020%	8h	85,627	−0.020%	$418.4M	$675.8M	150x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	85,599.6	−0.052%	$366K	$2.3M	50x	as long as short
Nado BTC-PERP	−0.0001%	1h	85,580.4	−0.074%	$24.7M	$222.4M	50x	as long as short
dYdX BTC-USD	0.0000%	1h	85,631.4	−0.015%	$16.8M	$21.2M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,596.6	−0.055%	$36.6M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0007%	1h	85,620.9	−0.027%	$884.3M	$1.59B	50x	as long as short
Aster BTCUSDT	+0.0008%	8h	85,567.1	−0.090%	$515.3M	$1.10B	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0044%	1h	85,690	+0.054%	$340K	$26.9M	52x	as long as short
BingX BTC-USDT	+0.0065%	8h	85,582.1	−0.072%	—	$1.54B	—	as long as short
Phemex BTCUSDT	+0.0071%	8h	85,586.2	−0.068%	$148.5M	$491.6M	150x	as long as short
SoDEX BTC-USD	+0.0075%	1h	85,580	−0.075%	$60.0M	$336.1M	40x	as long as short
Bitget BTCUSDT	+0.0081%	8h	85,581	−0.074%	$2.96B	$5.11B	150x	as long as short
Reya BTCRUSDPERP	+0.0094%	1h	85,601.7	−0.049%	$6.6M	$147.0M	40x	as long as short
Lighter BTC	+0.0096%	1h	85,593.3	−0.059%	$172.0M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,598.1	−0.054%	$24.0M	$148.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,583	−0.071%	$8.7M	$54.6M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,577.2	−0.078%	$2.5M	$1.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,567	−0.090%	$203K	$8.2M	50x	as long as short
Paradex BTC-USD-PERPlong	+0.0100%	8h	85,644	long leg	$5.7M	$9.4M	50x
Pacifica BTC	+0.0100%	1h	85,617.1	−0.032%	$40.6M	$584.8M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	85,595.2	−0.057%	$9.42B	$24.31B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,586.6	−0.067%	$5.19B	$9.84B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,608.1	−0.042%	$2.59B	$12.14B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,580	−0.075%	$3.8M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,575.6	−0.080%	$4.4M	$98.5M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,587.5	−0.066%	$5.54B	$10.77B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	85,581.8	−0.073%	$5.07B	$5.64B	500x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,574.3	−0.081%	$36.0M	$177.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,612.6	−0.037%	$153.5M	$564.7M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,612.9	−0.036%	$279.7M	$927.1M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,598.4	−0.053%	$215.0M	$169.0M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,592.9	−0.060%	$140.0M	$315.8M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,627.5	−0.019%	$30.2M	$207.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,654.7	+0.012%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,603	−0.048%	$11.1M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,584.6	−0.069%	$198K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,576.8	−0.079%	$2.4M	$8.7M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,630.9	−0.015%	$207K	$739K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,573.8	−0.082%	$30.0M	$50.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,560.3	−0.098%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,582.4	−0.072%	$2.27B	$946.3M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,580.4	−0.074%	$679.0M	$730.0M	40x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,670.2	+0.031%	$3.79B	$5.02B	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,556.8	−0.102%	$44.8M	$231.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,614.3	−0.035%	—	$107.6M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,618.9	−0.029%	$117.0M	$5.22B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0135%	1h	85,602.3	−0.049%	$187.9M	$955.3M	100x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,619.5	−0.029%	$8.7M	$42.9M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0201% / S −0.0177%	1h	85,594.9	−0.057%	$13.1M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0224%	8h	85,613	−0.036%	$12.0M	$756.0M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0232%	1h	85,631.9	−0.014%	$78K	$220K	20x	as long as short
Hibachi BTC/USDT-P	+0.0248%	1h	85,635.5	−0.010%	$696K	$7.9M	30x	as long as short
Perpl BTC	+0.0335%	43m	85,598.2	−0.054%	$500K	$18.8M	6.7x	as long as short