BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.96 per $10,000 · paid last 24h −0.009%

Price spread now: Aster against Paradex−0.089%7-day average −0.010% · 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−$140.138% of the position

Long on Paradex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.022%−$2 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.089%, 7d avg −0.010%

Together, before fees−0.018%+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.079% cheaper against Paradex than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BTC-USD-PERP	86,739	0.0100	pay 0.0100% / 8h	2h 11m	$4.8M	$8.2M	50x
Short	Aster BTCUSDT	86,661.5	0.0004	get 0.0004% / 8h	2h 11m	$506.0M	$1.16B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee AsterbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$20.23
Price spread: −0.089% → −0.010%: −$7.92
Slippage, 4 orders: −$1.8
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.95
Costs to cover: 0.138%
Break-even: never at this rate

Slippage from Paradex: live order book, 3 min ago; Aster: 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 Paradex live order book, 3 min ago	0.89 bp	2.9 bp −$3	2.9 bp −$29	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.3 bp −$43	5.4 bp −$541	8.0 bp −$4,009

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
Aftermath Perps BTCUSD	−0.0246%	1h	86,727	−0.014%	$85K	$188K	20x	as long as short
Perpl BTC	−0.0223%	43m	86,703.5	−0.041%	$425K	$24.6M	6.7x	as long as short
Phoenix BTC	−0.0103%	1h	86,676	−0.073%	$2.2M	$12.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,680	−0.068%	$9K	$3K	50x	as long as short
dYdX BTC-USD	−0.0062%	1h	86,692.6	−0.053%	$17.6M	$20.6M	50x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,704.4	−0.040%	$362K	$2.4M	50x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,705.7	−0.038%	$928.0M	$1.47B	50x	as long as short
Aster BTCUSDTshort	+0.0004%	8h	86,661.5	−0.089%	$506.0M	$1.16B	200x
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,702	−0.043%	$36.9M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0006%	8h	86,668.7	−0.081%	$851.2M	$707.8M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0022%	1h	86,678.2	−0.070%	$6.7M	$144.4M	40x	as long as short
Phemex BTCUSDT	+0.0029%	8h	86,679.3	−0.069%	$150.1M	$472.0M	150x	as long as short
BingX BTC-USDT	+0.0029%	8h	86,673.8	−0.075%	—	$1.59B	—	as long as short
Bitget BTCUSDT	+0.0036%	8h	86,671.7	−0.078%	$2.96B	$5.09B	150x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,770	+0.036%	$316K	$26.8M	52x	as long as short
Binance BTCUSDT	+0.0060%	8h	86,674.2	−0.075%	$9.43B	$24.37B	150x	as long as short
MEXC BTC_USDT	+0.0060%	8h	86,678.1	−0.070%	$5.19B	$5.71B	500x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,700	−0.045%	$9.3M	$41.9M	25x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,672	−0.077%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0082%	8h	86,670.8	−0.079%	$5.85B	$10.69B	200x	as long as short
Bybit BTCUSDT	+0.0084%	8h	86,673.2	−0.076%	$5.28B	$9.72B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0091%	8h	86,679.9	−0.068%	$2.56B	$12.74B	100x	as long as short
Lighter BTC	+0.0096%	1h	86,682.8	−0.065%	$171.9M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,690.8	−0.056%	$24.1M	$154.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,683	−0.065%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,672	−0.077%	$201K	$6.8M	50x	as long as short
Paradex BTC-USD-PERPlong	+0.0100%	8h	86,739	long leg	$4.8M	$8.2M	50x
Nado BTC-PERP	+0.0100%	1h	86,681.2	−0.067%	$21.7M	$235.3M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,748	+0.010%	$3.82B	$5.12B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,719.3	−0.023%	$41.0M	$494.9M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,680	−0.068%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,754.2	+0.018%	$7.4M	$94.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,682.4	−0.065%	$572.6M	$21.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,676.4	−0.072%	$38.2M	$149.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,796.1	+0.066%	$159.7M	$566.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,761.4	+0.026%	$280.3M	$953.0M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,716	−0.026%	$217.6M	$186.9M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,754.9	+0.018%	$141.6M	$322.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,730.5	−0.010%	$30.8M	$203.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,740.2	+0.001%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,679	−0.069%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,682.3	−0.065%	$196K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,688.3	−0.058%	$2.4M	$8.6M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,700.7	−0.044%	$141K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,696.2	−0.049%	$30.0M	$61.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,686.9	−0.060%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,671	−0.078%	$60.6M	$336.6M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,670.8	−0.079%	$2.30B	$959.6M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,657.4	−0.094%	$46.4M	$226.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,710.9	−0.032%	—	$98.8M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0116%	1h	86,701.4	−0.043%	$187.9M	$934.0M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,719.2	−0.023%	$131.9M	$5.84B	50x	as long as short
Kalshi KXBTCPERP	+0.0167%	8h	86,710	−0.033%	$9.6M	$727.7M	6.4x	as long as short
BloFin BTC-USDT	+0.0180%	8h	86,682.4	−0.065%	$416.7M	$655.5M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0180% / S −0.0209%	1h	86,697.7	−0.048%	$15.0M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0192%	1h	86,711.1	−0.032%	$780K	$7.8M	30x	as long as short