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

BTC

all BTC markets
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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 16:00 UTC+0.0011%/8h
paid, last 24h−0.002%paid, last 3 days−0.003%to open and close $10k−$13
Long on ParadexShort on Popdex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BTC-USD-PERP86,079.50.0085pay 0.0085% / 8h38m 39s$4.4M$6.6M50x
ShortPopdex BTCUSDT86,0100.0096get 0.0012% / 1h38m 39s$8.4M$44.8M100x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$2.32
Slippage, 4 orders
−$2.97
Fee Paradex: 2 bp × 2 orders
−$4
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$11.05
Break-even
40.4 days
Slippage from Paradex: live order book, 2 min ago; Popdex: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.081%
Avg gap 7d
−0.009%
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, 2 min ago0.83 bp2.8 bp −$32.8 bp −$28doesn't fitdoesn't fit
Sell Popdex live order book, 2 min ago0.46 bp4.0 bp −$44.0 bp −$404.2 bp −$4185.7 bp −$2,853

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0223%43m$473K$30.0M6.7xas long as short
ApeX Omni BTCUSDT−0.0147%1h$139.0M$318.7M100xas long as short
BloFin BTC-USDT−0.0136%8h$428.2M$536.2M150xas long as short
edgeX BTCUSDC−0.0110%4h$278.7M$865.4M100xas long as short
Phoenix BTC−0.0086%1h$2.0M$10.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$3K50xas long as short
01 Exchange BTCUSD−0.0072%1h$288K$2.4M50xas long as short
Aftermath Perps BTCUSD−0.0057%1h$87K$155K20xas long as short
Reya BTCRUSDPERP−0.0023%1h$6.7M$137.6M40xas long as short
Phemex BTCUSDT−0.0021%8h$158.1M$399.6M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate BTC_USDT−0.0013%8h$6.13B$9.30B200xas long as short
Bitget BTCUSDT−0.0005%8h$2.96B$4.64B150xas long as short
BingX BTC-USDT−0.0005%8h—$1.38B—as long as short
dYdX BTC-USD0.0000%1h$16.9M$16.4M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.9M—200xas long as short
SoDEX BTC-USD+0.0011%1h$61.0M$283.4M40xas long as short
OKX BTC-USDT-SWAP+0.0032%8h$2.63B$11.53B100xas long as short
KuCoin XBTUSDTM+0.0046%8h$790.6M$613.7M125xas long as short
Aster BTCUSDT+0.0047%8h$488.2M$1.11B200xas long as short
HTX BTC-USDT+0.0061%8h$2.30B$840.8M200xas long as short
Kraken Futures PF_XBTUSD+0.0071%1h$186.0M$810.6M100xas long as short
MEXC BTC_USDT+0.0075%8h$5.07B$5.03B500xas long as short
Binance BTCUSDT+0.0076%8h$9.56B$21.47B150xas long as short
Aevo BTC-PERP+0.0080%1h$2.4M$1.6M20xas long as short
Paradex BTC-USD-PERPlong+0.0085%8h$4.4M$6.6M50x
Lighter BTC+0.0096%1h$172.5M$919.9M50xas long as short
Lighter RH BTC+0.0096%1h$25.0M$137.3M50xas long as short
Popdex BTCUSDTshort+0.0096%1h$8.4M$44.8M100x
Katana Perps BTC-USD+0.0100%8h$194K$5.4M50xas long as short
Nado BTC-PERP+0.0100%1h$23.6M$229.5M50xas long as short
Pacifica BTC+0.0100%1h$36.6M$344.9M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.15B$8.42B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$4.0M$16.3M25xas long as short
Arcus BTC-USD+0.0100%1h$5.8M$82.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.2M$104.7M75xas long as short
Variational Omni BTC+0.0100%8h$171.2M$506.8M—as long as short
StandX BTC-USD+0.0100%1h$30.7M$236.5M40xas long as short
Vest BTC-PERP+0.0100%1h—$12.4M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$11.0M$11.6M50xas long as short
Bullet BTC-USD+0.0100%1h$244K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$7.2M100xas long as short
Bluefin BTC-PERP+0.0100%1h$144K$406K40xas long as short
Derive BTC-PERP+0.0100%1h$30.2M$59.1M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$6.0M100xas long as short
Bulk BTC-USD+0.0100%1h$547.8M$93.7M40xas long as short
Extended BTC-USD+0.0104%1h$48.7M$209.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$88.8M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h$150.3M$6.24B50xas long as short
Injective BTC/USDC PERP+0.0108%1h$305K$27.0M52xas long as short
Kalshi KXBTCPERP+0.0110%8h$11.3M$562.2M6.4xas long as short
RISEx BTC/USDC+0.0128%1h$8.3M$38.7M25xas long as short
Hibachi BTC/USDT-P+0.0184%1h$628K$7.2M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0198% / S −0.0176%1h$12.5M—200xas long as short
Deribit BTC-PERPETUAL+0.0220%1h$889.3M$1.05B50xas long as short
Hyperliquid BTC+0.0258%1h$3.91B$4.33B40xas long as short