Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.006%
Price spread now: Paradex against MEXC+0.067%7-day average +0.010% · 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−$7as in the Price arb table
costs, in and out, $10k−$130.128% of the position
Funding, last 4 days (all we have)+0.021%+$2 on $10k
+Price spread, last 7 days−0.040%−$4 · spread now +0.067%, 7d avg +0.010%
=Together, before fees−0.020%+ Points / potential airdropParadex: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.057% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTC_USDT | 85,874.9 | 0.0081 | pay 0.0081% / 8h | 7h 01m | $5.09B | $5.79B | 500x |
| Short | Paradex BTC-USD-PERP | 85,932.5 | 0.0100 | get 0.0100% / 8h | 7h 01m | $4.2M | $8.6M | 50x |
MEXC BTC_USDT
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against MEXC. 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
- $3.98
- Price spread: +0.067% → +0.010%
- $5.73
- Slippage, 4 orders
- −$4.83
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$3.12
- Costs to cover
- 0.128%
- Break-even
- 12.5 days
Slippage from MEXC: live order book, 3 min ago; Paradex: live order book, 3 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 MEXC live order book, 3 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.1 bp −$209 | 2.6 bp −$1,289 |
| Sell Paradex live order book, 3 min ago | 2.41 bp | 4.4 bp −$4 | 4.4 bp −$44 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0129% | 1h | 85,869 | −0.007% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,906 | +0.036% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,880.4 | +0.006% | $362K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,918.5 | +0.051% | $523K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,877.7 | +0.003% | $36.7M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0022% | 1h | 85,906.5 | +0.037% | $16.8M | $20.5M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,155 | +0.326% | $342K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0029% | 8h | 85,870.2 | −0.005% | $498.0M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0044% | 8h | 85,873.1 | −0.002% | $822.4M | $718.7M | 125x | as long as short |
| HTX BTC-USDT | +0.0048% | 8h | 85,874.6 | 0.000% | $2.28B | $961.0M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTM
HTX BTC-USDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0050% | 1h | 85,862 | −0.015% | $6.7M | $145.9M | 40x | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 85,890 | +0.018% | $8.1M | $42.5M | 25x | as long as short |
| BingX BTC-USDC | +0.0053% | 8h | 85,851 | −0.028% | — | $15.3M | — | as long as short |
| SoDEX BTC-USD | +0.0064% | 1h | 85,891 | +0.019% | $60.2M | $338.3M | 40x | as long as short |
| Bitget BTCUSDT | +0.0065% | 8h | 85,872.9 | −0.002% | $2.95B | $5.08B | 150x | as long as short |
| Gate BTC_USDT | +0.0080% | 8h | 85,877.7 | +0.003% | $5.71B | $10.74B | 200x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,887.6 | +0.015% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDTlong | +0.0081% | 8h | 85,874.9 | long leg | $5.09B | $5.79B | 500x | |
| Binance BTCUSDT | +0.0081% | 8h | 85,858.9 | −0.019% | $9.34B | $24.39B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,922.2 | +0.055% | $169.7M | $999.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,924.1 | +0.057% | $23.4M | $152.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,884 | +0.011% | $8.4M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,862 | −0.015% | $200K | $7.4M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0100% | 8h | 85,932.5 | +0.067% | $4.2M | $8.6M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 85,900 | +0.029% | $22.0M | $226.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,948 | +0.085% | $3.76B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,944.2 | +0.081% | $40.7M | $560.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,857.7 | −0.020% | $5.23B | $9.69B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,863.4 | −0.013% | $2.54B | $12.43B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,894 | +0.022% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,893.1 | +0.021% | $7.0M | $97.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,887.8 | +0.015% | $35.3M | $162.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,079.3 | +0.238% | $156.4M | $555.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,951.8 | +0.090% | $277.5M | $943.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,079 | +0.238% | $216.0M | $163.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,961.3 | +0.101% | $140.7M | $320.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,886.8 | +0.014% | $30.5M | $206.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,941.5 | +0.078% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,875 | 0.000% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,873 | −0.002% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,854.8 | −0.023% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,919.7 | +0.052% | $144K | $666K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,911.6 | +0.043% | $30.1M | $57.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,877 | +0.002% | $3.2M | $5.6M | 100x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,898.7 | +0.028% | $154.9M | $473.9M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,141.5 | +0.310% | $581.0M | $76.4M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,868.2 | −0.008% | $45.4M | $224.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,912.5 | +0.044% | — | $100.4M | 500x | as long as short |
| Hibachi BTC/USDT-P | +0.0120% | 1h | 85,911.3 | +0.042% | $720K | $8.0M | 30x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,925.9 | +0.059% | $131.4M | $5.26B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0122% | 1h | 85,918.6 | +0.051% | $187.5M | $958.3M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0164% | 1h | 86,070.9 | +0.228% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0202% | 8h | 85,917.9 | +0.050% | $414.9M | $641.1M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0204% | 8h | 85,941 | +0.077% | $10.2M | $766.8M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0204% / S −0.0203% | 1h | 85,878.5 | +0.004% | $13.7M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0230% | 1h | 85,941.6 | +0.078% | $902.7M | $1.51B | 50x | as long as short |
Reya BTCRUSDPERP
RISEx BTC/USDC
BingX BTC-USDC
SoDEX BTC-USD
Bitget BTCUSDT
Gate BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Nado BTC-PERP
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
SunX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Hibachi BTC/USDT-P
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
BloFin BTC-USDT
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL