Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: Paradex against Derive+0.107%7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.107%, 7d avg +0.031%
=Together, before fees+0.001%+ Points / potential airdropParadex: Active · farm board$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.076% dearer against Derive than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive BTC-PERP | 85,155.7 | 0.0100 | pay 0.0013% / 1h | 29m 24s | $29.9M | $49.7M | 15x |
| Short | Paradex BTC-USD-PERP | 85,247.1 | 0.0100 | get 0.0100% / 8h | 2h 29m | $5.8M | $9.6M | 50x |
Derive BTC-PERP
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Derive. 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
- −$0.01
- Price spread: +0.107% → +0.031%
- $7.62
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$2.39
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Paradex: live order book, 5 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Paradex live order book, 5 min ago | 1.36 bp | 3.4 bp −$3 | 3.4 bp −$34 | 163.5 bp −$16.4K | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,184.9 | +0.034% | $524K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,204 | +0.057% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,194 | +0.045% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,174.2 | +0.022% | $921.6M | $763.4M | 125x | as long as short |
| BloFin BTC-USDT | −0.0035% | 8h | 85,135.4 | −0.024% | $420.5M | $678.3M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 85,224.1 | +0.080% | $373K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0015% | 8h | 85,181.1 | +0.030% | $512.1M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,176.4 | +0.024% | $16.7M | $21.7M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,198.4 | +0.050% | $36.4M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | +0.081% | $338K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0025% | 1h | 85,187.4 | +0.037% | $24.7M | $222.8M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,198 | +0.050% | $187.0M | $955.3M | 100x | as long as short |
| BingX BTC-USDC | +0.0066% | 8h | 85,154.5 | −0.001% | — | $17.4M | — | as long as short |
| Phemex BTCUSDT | +0.0078% | 8h | 85,185.6 | +0.035% | $148.6M | $504.5M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,171.6 | +0.019% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0084% | 8h | 85,175 | +0.023% | $2.95B | $5.17B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,190.3 | +0.041% | $5.05B | $5.71B | 500x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,189.5 | +0.040% | $9.41B | $24.82B | 150x | as long as short |
| Bullet BTC-USD | +0.0089% | 1h | 85,185 | +0.034% | $206K | $3.3M | 20x | as long as short |
| SoDEX BTC-USD | +0.0092% | 1h | 85,173 | +0.020% | $59.6M | $335.8M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,181.5 | +0.030% | $171.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,181.7 | +0.031% | $23.7M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,217 | +0.072% | $8.4M | $55.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,219.8 | +0.075% | $116.9M | $5.35B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,197 | +0.049% | $239K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0100% | 8h | 85,247.1 | +0.107% | $5.8M | $9.6M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 85,277 | +0.143% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,199.3 | +0.051% | $40.1M | $599.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,173.9 | +0.021% | $5.15B | $9.93B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,182.4 | +0.031% | $2.58B | $12.16B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,204 | +0.057% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,210.6 | +0.065% | $4.6M | $99.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,183.8 | +0.033% | $678.4M | $603.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,188.7 | +0.039% | $5.49B | $10.93B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,175.6 | +0.023% | $36.0M | $174.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,111.9 | −0.051% | $154.3M | $569.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,133.5 | −0.026% | $278.8M | $944.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,139 | −0.020% | $214.0M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,125.3 | −0.036% | $139.1M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,156.3 | +0.001% | $30.0M | $205.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,262.4 | +0.125% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,191 | +0.042% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,178.4 | +0.027% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,215.9 | +0.071% | $217K | $749K | 40x | as long as short |
| Derive BTC-PERPlong | +0.0100% | 1h | 85,155.7 | long leg | $29.9M | $49.7M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 85,127.1 | −0.034% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,160.7 | +0.006% | $2.25B | $947.1M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,171.6 | +0.019% | $45.3M | $238.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,202.2 | +0.055% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0114% | 1h | 85,192.4 | +0.043% | $6.6M | $147.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0122% | 1h | 85,211 | +0.065% | $871.5M | $1.61B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,189.4 | +0.040% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0180% | 8h | 85,204 | +0.057% | $11.3M | $744.6M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0209% | 1h | 85,232.8 | +0.091% | $79K | $226K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,202.4 | +0.055% | $717K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,233.7 | +0.092% | $8.6M | $43.1M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Phemex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Bullet BTC-USD
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC