Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%
Price spread now: Arcus against Paradex−0.079%7-day average +0.022% · 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−$22as in the Price arb table
costs, in and out, $10k−$110.114% of the position
Funding, last 4 days (all we have)−0.012%−$1 on $10k
+Price spread, last 7 days+0.120%+$12 · spread now −0.079%, 7d avg +0.022%
=Together, before fees+0.108%+ Points / potential airdropParadex: Active · farm board+$11 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: Arcus is 0.101% cheaper against Paradex than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BTC-USD-PERP | 85,176.4 | 0.0100 | pay 0.0100% / 8h | 2h 27m | $5.8M | $9.6M | 50x |
| Short | Arcus BTC-USD | 85,108.7 | 0.0100 | get 0.0013% / 1h | 27m 04s | $4.6M | $99.1M | 40x |
Paradex BTC-USD-PERP
Arcus BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Paradex. 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: −0.079% → +0.022%
- −$10.12
- Slippage, 4 orders
- −$2.94
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$21.55
- Costs to cover
- 0.114%
- Break-even
- 11912.0 days
Slippage from Paradex: live order book, 2 min ago; Arcus: live order book, 2 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 Paradex live order book, 2 min ago | 0.19 bp | 2.2 bp −$2 | 2.2 bp −$22 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 2 min ago | 0.01 bp | 3.3 bp −$3 | 4.1 bp −$41 | 5.2 bp −$520 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,120.4 | −0.066% | $524K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,204 | +0.032% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,113 | −0.074% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,069.7 | −0.125% | $918.6M | $763.6M | 125x | as long as short |
| BloFin BTC-USDT | −0.0035% | 8h | 85,082 | −0.111% | $418.8M | $678.3M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 85,107.2 | −0.081% | $372K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0016% | 8h | 85,089.7 | −0.102% | $511.5M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,125.9 | −0.059% | $16.7M | $21.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,092.8 | −0.098% | $36.4M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | +0.057% | $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 | +0.0030% | 1h | 85,102.6 | −0.087% | $24.7M | $222.5M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,099.5 | −0.090% | $186.7M | $954.5M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0065% | 1h | 85,121.6 | −0.064% | $869.9M | $1.61B | 50x | as long as short |
| BingX BTC-USDT | +0.0067% | 8h | 85,096 | −0.094% | — | $1.56B | — | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,079.2 | −0.114% | $2.4M | $6.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0080% | 8h | 85,088.6 | −0.103% | $147.9M | $504.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0084% | 8h | 85,089.8 | −0.102% | $2.94B | $5.16B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,095 | −0.096% | $5.06B | $5.72B | 500x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,094.2 | −0.097% | $9.40B | $24.81B | 150x | as long as short |
| Bullet BTC-USD | +0.0094% | 1h | 85,085.6 | −0.107% | $206K | $3.3M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,097.7 | −0.092% | $170.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,098.7 | −0.091% | $23.6M | $148.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,098 | −0.092% | $8.3M | $55.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,122.2 | −0.064% | $117.0M | $5.36B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,076 | −0.118% | $239K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERPlong | +0.0100% | 8h | 85,176.4 | long leg | $5.8M | $9.6M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 85,164 | −0.015% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,140 | −0.043% | $40.1M | $599.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,083 | −0.110% | $5.14B | $9.95B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,097.7 | −0.092% | $2.57B | $12.16B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,084 | −0.108% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USDshort | +0.0100% | 1h | 85,108.7 | −0.079% | $4.6M | $99.1M | 40x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,183.8 | +0.009% | $678.4M | $603.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,090.1 | −0.101% | $5.49B | $10.95B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,076.6 | −0.117% | $35.9M | $175.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,111.9 | −0.076% | $154.3M | $569.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,179.1 | +0.003% | $279.1M | $944.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,198.3 | +0.026% | $214.1M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,192 | +0.018% | $139.3M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,151 | −0.030% | $30.0M | $205.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,175.3 | −0.001% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,088 | −0.104% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,086.8 | −0.105% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,122.6 | −0.063% | $227K | $760K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,062.9 | −0.133% | $29.9M | $49.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,066.5 | −0.129% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,088 | −0.104% | $59.5M | $336.0M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,079.4 | −0.114% | $2.25B | $944.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,056.6 | −0.141% | $45.4M | $238.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,102.1 | −0.087% | — | $106.7M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0115% | 1h | 85,082.8 | −0.110% | $6.6M | $147.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,092.2 | −0.099% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0181% | 8h | 85,130 | −0.054% | $11.3M | $743.5M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0221% | 1h | 85,192.7 | +0.019% | $78K | $226K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,152.7 | −0.028% | $716K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,121.2 | −0.065% | $8.7M | $43.1M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
BingX BTC-USDT
Aevo BTC-PERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Bullet 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
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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC