Funding you earn now, next payment 16:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.65 per $10,000 · paid last 24h +0.022%
Price spread now: Paradex against Aster−0.008%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−$16as in the Price arb table
costs, in and out, $10k−$150.146% of the position
Funding, last 4 days (all we have)+0.039%+$4 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.008%, 7d avg +0.010%
=Together, before fees+0.079%+ Points / potential airdropAster: Stage 5 · Paradex: Active · farm board+$8 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: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster BTCUSDT | 85,983.3 | 0.0035 | pay 0.0035% / 8h | 6h 18m | $512.4M | $903.3M | 200x |
| Short | Paradex BTC-USD-PERP | 85,976.5 | 0.0100 | get 0.0100% / 8h | 6h 18m | $5.9M | $7.9M | 50x |
Aster BTCUSDT
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Aster. 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
- $13.65
- Price spread: −0.008% → +0.010%
- −$1.83
- Slippage, 4 orders
- −$2.61
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$2.78
- Costs to cover
- 0.146%
- Break-even
- 8.4 days
Slippage from Aster: live order book, 4 min ago; Paradex: live order book, 4 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 Aster live order book, 4 min ago | 0.01 bp | 4.5 bp −$5 | 4.9 bp −$49 | 6.0 bp −$595 | 7.1 bp −$3,572 |
| Sell Paradex live order book, 4 min ago | 1.03 bp | 3.0 bp −$3 | 3.0 bp −$30 | 203.4 bp −$20.3K | doesn't fit |
BTC on 55 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,923 | −0.070% | $8K | $2K | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0076% | 1h | 85,979.1 | −0.005% | $137.4M | $295.5M | 100x | as long as short |
| 01 Exchange BTCUSD | −0.0072% | 1h | 85,976.2 | −0.008% | $358K | $2.0M | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0065% | 1h | 85,995 | +0.014% | $300K | $28.6M | 52x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,921.6 | −0.072% | $421.8M | $576.1M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,996.9 | +0.016% | $16.9M | $15.0M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,988.9 | +0.007% | $482K | $14.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,944.3 | −0.045% | $36.7M | — | 200x | as long as short |
| SoDEX BTC-USD | +0.0011% | 1h | 85,986 | +0.003% | $65.5M | $188.0M | 40x | as long as short |
| BingX BTC-USDC | +0.0019% | 8h | 85,964.3 | −0.022% | — | $16.5M | — | as long as short |
Hotstuff BTC-PERP
ApeX Omni BTCUSDT
01 Exchange BTCUSD
Injective BTC/USDC PERP
BloFin BTC-USDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
SoDEX BTC-USD
BingX BTC-USDCShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTCUSDT | +0.0028% | 8h | 85,992.9 | +0.011% | $5.10B | $8.35B | 150x | as long as short |
| Aster BTCUSDTlong | +0.0035% | 8h | 85,983.3 | long leg | $512.4M | $903.3M | 200x | |
| KuCoin XBTUSDTM | +0.0041% | 8h | 85,999.9 | +0.019% | $928.6M | $651.2M | 125x | as long as short |
| Phoenix BTC | +0.0053% | 1h | 85,955 | −0.033% | $2.0M | $8.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0069% | 8h | 85,982.2 | −0.001% | $5.50B | $9.28B | 200x | as long as short |
| Nado BTC-PERP | +0.0073% | 1h | 85,979.6 | −0.004% | $22.3M | $201.9M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,993.4 | +0.012% | $172.8M | $887.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,995.4 | +0.014% | $23.1M | $124.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,983 | 0.000% | $8.8M | $46.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,968 | −0.018% | $2.4M | $6.7M | 20x | as long as short |
| HTX BTC-USDT | +0.0097% | 8h | 85,990.5 | +0.008% | $2.27B | $834.8M | 200x | as long as short |
| Bitget BTCUSDT | +0.0099% | 8h | 85,984 | +0.001% | $2.98B | $4.11B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,961 | −0.026% | $210K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0100% | 8h | 85,976.5 | −0.008% | $5.9M | $7.9M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 86,078 | +0.110% | $3.93B | $4.46B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,978.2 | −0.006% | $40.4M | $571.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,987.2 | +0.005% | $9.44B | $21.29B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,995.7 | +0.014% | $2.60B | $9.75B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,962 | −0.025% | $4.0M | $15.5M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,001.4 | +0.021% | $4.2M | $91.3M | 40x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,978.4 | −0.006% | $5.15B | $5.39B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,975.3 | −0.009% | $37.4M | $193.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,913 | −0.082% | $156.0M | $495.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,948.1 | −0.041% | $289.4M | $850.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,890.1 | −0.108% | $215.7M | $139.9M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,947 | −0.042% | $30.2M | $221.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,040.6 | +0.067% | — | $10.5M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,991 | +0.009% | $11.0M | $12.4M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,986.9 | +0.004% | $201K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,977.2 | −0.007% | $2.6M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,023.9 | +0.047% | $195K | $565K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,973.5 | −0.011% | $3.2M | $7.0M | 100x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,982 | −0.002% | $169.4M | $483.5M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,914.7 | −0.080% | $712.8M | $159.6M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0102% | 1h | 86,008 | +0.029% | $189.9M | $796.7M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,973.8 | −0.011% | $46.9M | $206.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,956.5 | −0.031% | — | $82.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,041.6 | +0.068% | $112.4M | $5.03B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0160% | 1h | 85,973.8 | −0.011% | $6.6M | $131.5M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0164% | 8h | 85,988 | +0.005% | $11.3M | $730.9M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0183% | 1h | 85,948.8 | −0.040% | $13.2M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0204% | 1h | 86,008.7 | +0.030% | $9.0M | $38.4M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0304% | 1h | 85,986.4 | +0.004% | $708K | $7.0M | 30x | as long as short |
| Deribit BTC-PERPETUAL | +0.0340% | 1h | 86,057.1 | +0.086% | $827.7M | $1.53B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0432% | 1h | 85,980.8 | −0.003% | $81K | $246K | 20x | as long as short |
Bybit BTCUSDT
KuCoin XBTUSDTM
Phoenix BTC
Gate BTC_USDT
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
HTX BTC-USDT
Bitget BTCUSDT
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
MEXC BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Kraken Futures PF_XBTUSD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hibachi BTC/USDT-P
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD