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 15:00 UTC−0.0062%/8h
paid, last 24h−0.011%paid, last 3 days−0.026%to open and close $10k−$14
Long on ParadexShort on SoDEX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BTC-USD-PERP85,412.30.0082pay 0.0082% / 8h1h 37m$4.3M$6.5M50x
ShortSoDEX BTC-USD85,3710.0019get 0.0002% / 1h37m 28s$61.2M$234.6M40x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$13.1
Slippage, 4 orders
−$2.13
Fee Paradex: 2 bp × 2 orders
−$4
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$27.24
Break-even
never at this rate
Slippage from Paradex: live order book, 3 min ago; SoDEX: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.048%
Avg gap 7d
−0.033%
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, 3 min ago1.01 bp3.0 bp −$33.0 bp −$30doesn't fitdoesn't fit
Sell SoDEX live order book, 3 min ago0.06 bp4.1 bp −$44.1 bp −$415.0 bp −$50241.3 bp −$20.7K

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.0962%1h$142K$400K40xas long as short
Perpl BTC−0.0447%43m$400K$31.1M6.7xas long as short
edgeX BTCUSDC−0.0110%4h$284.1M$801.8M100xas long as short
ApeX Omni BTCUSDT−0.0103%1h$138.3M$316.8M100xas long as short
01 Exchange BTCUSD−0.0088%1h$279K$2.3M50xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Aftermath Perps BTCUSD−0.0061%1h$83K$140K20xas long as short
Reya BTCRUSDPERP−0.0032%1h$6.8M$137.4M40xas long as short
Gate BTC_USDT−0.0015%8h$6.04B$8.57B200xas long as short
Bitget BTCUSDT−0.0010%8h$2.96B$4.28B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDC−0.0010%8h—$14.4M—as long as short
Phemex BTCUSDT−0.0005%8h$157.7M$374.8M150xas long as short
dYdX BTC-USD0.0000%1h$16.5M$14.3M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.7M$504.8M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.5M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
SoDEX BTC-USDshort+0.0019%1h$61.2M$234.6M40x
HTX BTC-USDT+0.0034%8h$2.29B$780.8M200xas long as short
Aster BTCUSDT+0.0036%8h$494.2M$1.02B200xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$187.5M$752.6M100xas long as short
OKX BTC-USDT-SWAP+0.0053%8h$2.56B$10.70B100xas long as short
KuCoin XBTUSDTM+0.0064%8h$802.9M$578.0M125xas long as short
Bullet BTC-USD+0.0073%1h$248K$3.3M20xas long as short
Nado BTC-PERP+0.0074%1h$23.9M$222.0M50xas long as short
Derive BTC-PERP+0.0081%1h$28.3M$55.9M15xas long as short
Paradex BTC-USD-PERPlong+0.0082%8h$4.3M$6.5M50x
Aevo BTC-PERP+0.0088%1h$2.4M$1.7M20xas long as short
MEXC BTC_USDT+0.0090%8h$4.94B$4.68B500xas long as short
Binance BTCUSDT+0.0090%8h$9.55B$19.65B150xas long as short
Lighter BTC+0.0096%1h$182.3M$857.2M50xas long as short
Lighter RH BTC+0.0096%1h$25.5M$132.3M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.4M$40.9M100xas long as short
Katana Perps BTC-USD+0.0100%8h$195K$5.0M50xas long as short
Pacifica BTC+0.0100%1h$36.5M$317.3M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.08B$7.85B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.5M25xas long as short
Arcus BTC-USD+0.0100%1h$6.0M$77.5M40xas long as short
Bulk BTC-USD+0.0100%1h$533.0M$59.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.4M$100.5M75xas long as short
Variational Omni BTC+0.0100%8h$173.7M$467.5M—as long as short
StandX BTC-USD+0.0100%1h$30.5M$245.9M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.8M$10.6M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$6.7M100xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.3M100xas long as short
Extended BTC-USD+0.0104%1h$47.4M$200.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$85.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$142.8M$6.13B50xas long as short
Hibachi BTC/USDT-P+0.0120%1h$602K$7.3M30xas long as short
Hyperliquid BTC+0.0122%1h$3.85B$4.09B40xas long as short
RISEx BTC/USDC+0.0178%1h$8.8M$36.7M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$306K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0199% / S −0.0205%1h$13.4M—200xas long as short
BloFin BTC-USDT+0.0212%8h$421.4M$482.2M150xas long as short
Deribit BTC-PERPETUAL+0.0446%1h$850.5M$934.5M50xas long as short