Funding you earn now, next payment 21:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h 0.000%
Price spread now: Paradex against Nado+0.035%7-day average +0.005% · 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−$13as in the Price arb table
costs, in and out, $10k−$160.163% of the position
Funding, last 3 days (all we have)−0.002%$0 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now +0.035%, 7d avg +0.005%
=Together, before fees+0.060%+ Points / potential airdropNado: Active · Paradex: Active · farm board+$6 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 0.030% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado BTC-PERP | 87,261.4 | 0.0100 | pay 0.0012% / 1h | 32m 14s | $23.4M | $234.6M | 50x |
| Short | Paradex BTC-USD-PERP | 87,291.9 | 0.0099 | get 0.0099% / 8h | 3h 32m | $4.3M | $7.7M | 50x |
Nado BTC-PERP
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Nado. 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
- −$0.15
- Price spread: +0.035% → +0.005%
- $2.97
- Slippage, 4 orders
- −$5.26
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$13.44
- Costs to cover
- 0.163%
- Break-even
- never at this rate
Slippage from Nado: 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 Nado live order book, 3 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 5.1 bp −$513 | 10.8 bp −$5,395 |
| Sell Paradex live order book, 3 min ago | 0.01 bp | 7.1 bp −$7 | 7.2 bp −$72 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USD | −0.0137% | 1h | 87,306.5 | +0.052% | $18.3M | $19.7M | 50x | as long as short |
| Phoenix BTC | −0.0123% | 1h | 86,923 | −0.388% | $2.2M | $12.0M | 40x | as long as short |
| Perpl BTC | −0.0112% | 43m | 87,252.2 | −0.011% | $415K | $25.9M | 6.7x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 87,268 | +0.008% | $9K | $3K | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0037% | 1h | 86,966.3 | −0.338% | $87K | $180K | 20x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 87,243 | −0.021% | $295K | $2.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0021% | 1h | 86,943.4 | −0.364% | $141.9M | $321.9M | 100x | as long as short |
| KuCoin XBTUSDTM | −0.0005% | 8h | 87,223.2 | −0.044% | $848.2M | $685.0M | 125x | as long as short |
| Phemex BTCUSDT | −0.0003% | 8h | 87,309.5 | +0.055% | $154.2M | $455.7M | 150x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 87,239.9 | −0.025% | $37.3M | — | 200x | as long as short |
dYdX BTC-USD
Phoenix BTC
Perpl BTC
Hotstuff BTC-PERP
Aftermath Perps BTCUSD
01 Exchange BTCUSD
ApeX Omni BTCUSDT
KuCoin XBTUSDTM
Phemex BTCUSDT
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0010% | 8h | 87,259.4 | −0.002% | — | $1.56B | — | as long as short |
| RISEx BTC/USDC | +0.0010% | 1h | 87,245.6 | −0.018% | $8.7M | $40.8M | 25x | as long as short |
| Bitget BTCUSDT | +0.0013% | 8h | 87,324 | +0.072% | $2.98B | $5.03B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0016% | 1h | 87,205.7 | −0.064% | $7.0M | $141.8M | 40x | as long as short |
| Aster BTCUSDT | +0.0028% | 8h | 87,227.5 | −0.039% | $510.5M | $1.16B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0035% | 1h | 86,952 | −0.355% | $328K | $26.9M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0036% | 8h | 87,277.8 | +0.019% | $2.62B | $12.62B | 100x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0041% | 1h | 87,378.8 | +0.134% | $198.8M | $914.1M | 100x | as long as short |
| MEXC BTC_USDT | +0.0044% | 8h | 87,217 | −0.051% | $5.17B | $5.50B | 500x | as long as short |
| Binance BTCUSDT | +0.0044% | 8h | 87,327.1 | +0.075% | $9.58B | $23.94B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 87,352.7 | +0.105% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0061% | 8h | 87,248.5 | −0.015% | $5.95B | $10.41B | 200x | as long as short |
| SoDEX BTC-USD | +0.0066% | 1h | 87,323 | +0.071% | $61.6M | $312.0M | 40x | as long as short |
| Bybit BTCUSDT | +0.0078% | 8h | 87,321.7 | +0.069% | $5.35B | $9.55B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0085% | 1h | 87,381.4 | +0.137% | $933.4M | $1.32B | 50x | as long as short |
| Bulk BTC-USD | +0.0090% | 1h | 87,280.5 | +0.022% | $575.7M | $25.9M | 40x | as long as short |
| Orderly PERP_BTC_USDC | +0.0091% | 8h | 87,323.6 | +0.071% | $2.5M | $8.2M | 100x | as long as short |
| Variational Omni BTC | +0.0092% | 8h | 86,903.5 | −0.410% | $165.1M | $544.5M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 87,337.4 | +0.087% | $174.2M | $998.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 87,342 | +0.092% | $24.6M | $148.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 87,223 | −0.044% | $8.5M | $51.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0099% | 8h | 86,929.1 | −0.381% | $218.2M | $185.7M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0099% | 8h | 87,291.9 | +0.035% | $4.3M | $7.7M | 50x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 87,226 | −0.041% | $181K | $6.5M | 50x | as long as short |
| Nado BTC-PERPlong | +0.0100% | 1h | 87,261.4 | long leg | $23.4M | $234.6M | 50x | |
| Pacifica BTC | +0.0100% | 1h | 87,312.3 | +0.058% | $37.0M | $459.3M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 87,243 | −0.021% | $3.9M | $18.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 87,289.4 | +0.032% | $7.5M | $93.9M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 87,234 | −0.031% | $38.8M | $143.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,936.3 | −0.373% | $285.6M | $916.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,875.9 | −0.442% | $30.8M | $206.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 87,246.3 | −0.017% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 87,230 | −0.036% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 87,224.7 | −0.042% | $240K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 87,296.6 | +0.040% | $161K | $574K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 87,329.1 | +0.078% | $30.2M | $60.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 87,341.9 | +0.092% | $3.5M | $5.7M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 87,303.5 | +0.048% | $2.32B | $932.8M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 87,305.5 | +0.050% | $46.7M | $227.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 87,135.9 | −0.144% | — | $89.0M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0111% | 8h | 87,291 | +0.034% | $9.5M | $714.3M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0112% | 1h | 86,949.1 | −0.358% | $602K | $6.8M | 30x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0136% | 1h | 87,397 | +0.155% | $132.3M | $5.99B | 50x | as long as short |
| BloFin BTC-USDT | +0.0165% | 8h | 86,924.3 | −0.386% | $422.5M | $630.4M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0177% / S −0.0193% | 1h | 87,235.4 | −0.030% | $13.9M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0264% | 1h | 87,311 | +0.057% | $4.03B | $4.91B | 40x | as long as short |
BingX BTC-USDT
RISEx BTC/USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Aster BTCUSDT
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
Kraken Futures PF_XBTUSD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
Bybit BTCUSDT
Deribit BTC-PERPETUAL
Bulk BTC-USD
Orderly PERP_BTC_USDC
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
GRVT BTC_USDT_Perp
Katana Perps BTC-USD
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC