Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.016%
Price spread now: Paradex against Gate+0.043%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 4 days (all we have)+0.041%+$4 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now +0.043%, 7d avg +0.011%
=Together, before fees+0.003%+ 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 0.032% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTC_USDT | 85,561.3 | 0.0100 | pay 0.0100% / 8h | 5h 58m | $5.58B | $10.37B | 200x |
| Short | Paradex BTC-USD-PERP | 85,598.1 | 0.0099 | get 0.0099% / 8h | 5h 58m | $3.8M | $8.3M | 50x |
Gate BTC_USDT
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Gate. 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
- −$0.16
- Price spread: +0.043% → +0.011%
- $3.22
- Slippage, 4 orders
- −$1.39
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$17.33
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from Gate: live order book, 6 min ago; Paradex: live order book, 1 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 Gate live order book, 6 min ago | 0.01 bp | 7.5 bp −$8 | 7.8 bp −$78 | 9.4 bp −$944 | 16.3 bp −$8,149 |
| Sell Paradex live order book, 1 min ago | 0.57 bp | 2.6 bp −$3 | 2.6 bp −$26 | 183.2 bp −$18.3K | doesn't fit |
BTC on 55 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 | −0.0144% | 1h | 85,498 | −0.074% | $2.1M | $10.1M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,608 | +0.055% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,565.3 | +0.005% | $362K | $2.3M | 50x | as long as short |
| Nado BTC-PERP | −0.0033% | 1h | 85,588.3 | +0.031% | $22.6M | $224.8M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,585.5 | +0.028% | $16.7M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,599.5 | +0.045% | $36.7M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0021% | 8h | 85,548.9 | −0.015% | $515.7M | $1.12B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0023% | 8h | 85,553.1 | −0.010% | $901.9M | $748.0M | 125x | as long as short |
| SoDEX BTC-USD | +0.0053% | 1h | 85,586 | +0.029% | $59.9M | $336.4M | 40x | as long as short |
| BingX BTC-USDT | +0.0055% | 8h | 85,550.6 | −0.013% | — | $1.54B | — | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Nado BTC-PERP
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
SoDEX BTC-USD
BingX BTC-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTC-USDT | +0.0056% | 8h | 85,585.8 | +0.029% | $2.27B | $932.8M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0063% | 1h | 85,578.1 | +0.020% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0068% | 8h | 85,544.6 | −0.020% | $2.94B | $5.02B | 150x | as long as short |
| Popdex BTCUSDT | +0.0072% | 1h | 85,550 | −0.013% | $8.4M | $51.5M | 100x | as long as short |
| SunX BTC-USDT | +0.0077% | 8h | 85,568.6 | +0.009% | $2.9M | $6.5M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,617 | +0.065% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,580.2 | +0.022% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,550 | −0.013% | $5.07B | $5.56B | 500x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,550.1 | −0.013% | $9.33B | $23.91B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,555.9 | −0.006% | $170.2M | $980.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,558.6 | −0.003% | $23.9M | $146.7M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0099% | 8h | 85,598.1 | +0.043% | $3.8M | $8.3M | 50x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,526 | −0.041% | $204K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,626 | +0.076% | $3.76B | $4.92B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,590.2 | +0.034% | $40.1M | $571.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,566.7 | +0.006% | $5.32B | $9.61B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,545.6 | −0.018% | $2.56B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,550 | −0.013% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,525 | −0.042% | $7.1M | $96.4M | 40x | as long as short |
| Gate BTC_USDTlong | +0.0100% | 8h | 85,561.3 | long leg | $5.58B | $10.37B | 200x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,581.9 | +0.024% | $34.9M | $168.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,545 | −0.019% | $154.0M | $554.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,553.1 | −0.010% | $278.3M | $939.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,624 | +0.073% | $214.9M | $162.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,552.6 | −0.010% | $139.9M | $316.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,571.8 | +0.012% | $30.2M | $211.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,628.4 | +0.078% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,582 | +0.024% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,591 | +0.035% | $187K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,585.8 | +0.029% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,630.3 | +0.081% | $197K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,586.8 | +0.030% | $30.0M | $52.7M | 15x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,585.7 | +0.029% | $150.0M | $479.7M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,593.2 | +0.037% | $605.0M | $283.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,529.3 | −0.037% | $44.2M | $227.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,527.7 | −0.039% | — | $101.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,629.3 | +0.079% | $130.5M | $5.08B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,581.4 | +0.024% | $8.4M | $42.1M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,610 | +0.057% | $187.1M | $951.6M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0186% | 1h | 85,619.9 | +0.068% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,552.1 | −0.011% | $682K | $7.8M | 30x | as long as short |
| Deribit BTC-PERPETUAL | +0.0196% | 1h | 85,637.1 | +0.089% | $894.8M | $1.52B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0186% | 1h | 85,596.9 | +0.042% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 85,617 | +0.065% | $10.3M | $765.0M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,585.2 | +0.028% | $510K | $19.7M | 6.7x | as long as short |
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
Popdex BTCUSDT
SunX BTC-USDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC