Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.175%
Price spread now: Bluefin against Paradex+0.039%7-day average −0.048% · 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−$10as in the Price arb table
costs, in and out, $10k−$190.187% of the position
Funding, last 4 days (all we have)−0.431%−$43 on $10k
+Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.039%, 7d avg −0.048%
=Together, before fees−0.522%+ Points / potential airdropParadex: Active · farm board−$52 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: Bluefin is 0.088% dearer against Paradex than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BTC-USD-PERP | 86,650.6 | 0.0100 | pay 0.0100% / 8h | 43m 51s | $4.8M | $8.5M | 50x |
| Short | Bluefin BTC-PERP | 86,684.8 | 0.0100 | get 0.0013% / 1h | 43m 51s | $141K | $663K | 40x |
Paradex BTC-USD-PERP
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin 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
- $0.02
- Price spread: +0.039% → −0.048%
- $8.79
- Slippage, 4 orders
- −$7.69
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$9.88
- Costs to cover
- 0.187%
- Break-even
- 3038.4 days
Slippage from Paradex: live order book, just now; Bluefin: live order book, 35 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, just now | 0.95 bp | 3.0 bp −$3 | 3.0 bp −$30 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 35 min ago | 1.10 bp | 6.4 bp −$6 | 11.4 bp −$114 | 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 | −0.0118% | 1h | 86,580 | −0.081% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,609 | −0.048% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | −0.095% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,628.6 | −0.025% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,647.7 | −0.003% | $361K | $2.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,689.7 | +0.045% | $916.3M | $1.49B | 50x | as long as short |
| Aster BTCUSDT | +0.0001% | 8h | 86,647 | −0.004% | $502.8M | $1.15B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,670.2 | +0.023% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0012% | 8h | 86,644.9 | −0.007% | $851.9M | $714.9M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0026% | 1h | 86,658.5 | +0.009% | $6.7M | $145.4M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USD | +0.0028% | 1h | 86,631 | −0.023% | $17.0M | $21.1M | 50x | as long as short |
| Phemex BTCUSDT | +0.0040% | 8h | 86,659.4 | +0.010% | $150.6M | $479.8M | 150x | as long as short |
| BingX BTC-USDC | +0.0042% | 8h | 86,624.9 | −0.030% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,634.8 | −0.018% | $2.96B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0072% | 8h | 86,662.4 | +0.014% | $5.15B | $5.64B | 500x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,670.2 | +0.023% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0073% | 8h | 86,638.6 | −0.014% | $9.44B | $24.57B | 150x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,639.1 | −0.013% | $5.88B | $10.73B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,662.3 | +0.014% | $170.6M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,671.8 | +0.024% | $24.1M | $151.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,636 | −0.017% | $8.5M | $52.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0099% | 1h | 86,651 | 0.000% | $60.6M | $337.7M | 40x | as long as short |
| Nado BTC-PERP | +0.0099% | 1h | 86,608.1 | −0.049% | $21.8M | $234.7M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,619 | −0.036% | $201K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERPlong | +0.0100% | 8h | 86,650.6 | long leg | $4.8M | $8.5M | 50x | |
| Hyperliquid BTC | +0.0100% | 1h | 86,732 | +0.094% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,648.3 | −0.003% | $40.9M | $524.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,636.8 | −0.016% | $5.27B | $9.82B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,630.1 | −0.024% | $2.55B | $12.77B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,663 | +0.014% | $3.9M | $18.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,648.6 | −0.002% | $7.6M | $95.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,560.7 | −0.104% | $572.5M | $17.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,657.9 | +0.008% | $38.5M | $156.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,628.8 | −0.025% | $157.3M | $569.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,501.6 | −0.172% | $279.5M | $946.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,516.2 | −0.155% | $217.3M | $172.2M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,581.8 | −0.079% | $141.4M | $323.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,640.9 | −0.011% | $30.7M | $204.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,692.1 | +0.048% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,649 | −0.002% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,649.8 | −0.001% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,652 | +0.002% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 86,684.8 | +0.039% | $141K | $663K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 86,684.8 | +0.039% | $30.6M | $62.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,634.9 | −0.018% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,645.5 | −0.006% | $2.30B | $970.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,619.1 | −0.036% | $45.5M | $227.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,672.7 | +0.026% | — | $98.8M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,680.5 | +0.035% | $193.8M | $951.6M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,628.8 | −0.025% | $419K | $23.2M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,698.3 | +0.055% | $132.9M | $5.69B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0115% | 1h | 86,619.2 | −0.036% | $79K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 86,675.6 | +0.029% | $729K | $8.1M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0192% / S −0.0216% | 1h | 86,665.6 | +0.017% | $15.1M | — | 200x | as long as short |
| BloFin BTC-USDT | +0.0193% | 8h | 86,638.8 | −0.014% | $414.6M | $659.2M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0208% | 8h | 86,670 | +0.022% | $9.7M | $743.0M | 6.4x | as long as short |
dYdX BTC-USD
Phemex BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
Nado BTC-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk 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
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
BloFin BTC-USDT
Kalshi KXBTCPERP