BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.62 per $10,000 · paid last 24h −0.016%

Price spread now: KuCoin against Paradex−0.008%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−$17as in the Price arb table

costs, in and out, $10k−$170.175% of the position

Long on Paradex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.059%−$6 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.008%, 7d avg −0.010%

Together, before fees−0.053%+ Points / potential airdropParadex: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BTC-USD-PERP	85,587.5	0.0100	pay 0.0100% / 8h	6h 39m	$3.8M	$8.6M	50x
Short	KuCoin XBTUSDTM	85,580.2	0.0038	get 0.0038% / 8h	6h 39m	$897.0M	$757.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$13
Price spread: −0.008% → −0.010%: $0.11
Slippage, 4 orders: −$1.5
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.39
Costs to cover: 0.175%
Break-even: never at this rate

Slippage from Paradex: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	0.72 bp	2.7 bp −$3	2.7 bp −$27	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.01 bp	6.0 bp −$6	6.8 bp −$68	8.8 bp −$880	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	−0.0144%	1h	85,678	+0.106%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,478	−0.128%	$8K	$3K	50x	as long as short
BloFin BTC-USDT	−0.0078%	8h	85,853	+0.310%	$415.8M	$658.2M	150x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	85,528	−0.070%	$363K	$2.3M	50x	as long as short
dYdX BTC-USD	0.0000%	1h	85,542	−0.053%	$16.7M	$21.0M	50x	as long as short
Perpl BTC	0.0000%	43m	85,594.8	+0.009%	$516K	$21.1M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,616.9	+0.034%	$36.6M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,573	−0.017%	$340K	$26.9M	52x	as long as short
Aster BTCUSDT	+0.0032%	8h	85,546.6	−0.048%	$496.2M	$1.14B	200x	as long as short
KuCoin XBTUSDTMshort	+0.0038%	8h	85,580.2	−0.008%	$897.0M	$757.5M	125x

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDC	+0.0044%	1h	85,550.8	−0.043%	$7.9M	$42.7M	25x	as long as short
BingX BTC-USDC	+0.0054%	8h	85,596.6	+0.011%	—	$15.5M	—	as long as short
Reya BTCRUSDPERP	+0.0055%	1h	85,595.6	+0.009%	$6.7M	$146.2M	40x	as long as short
HTX BTC-USDT	+0.0060%	8h	85,524.6	−0.073%	$2.27B	$973.2M	200x	as long as short
Bitget BTCUSDT	+0.0068%	8h	85,604.7	+0.020%	$2.94B	$5.17B	150x	as long as short
Gate BTC_USDT	+0.0074%	8h	85,613.8	+0.031%	$5.61B	$10.44B	200x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,604.7	+0.020%	$2.5M	$1.8M	20x	as long as short
Nado BTC-PERP	+0.0081%	1h	85,548.8	−0.045%	$22.7M	$230.4M	50x	as long as short
MEXC BTC_USDT	+0.0086%	8h	85,599.9	+0.015%	$5.07B	$5.70B	500x	as long as short
Binance BTCUSDT	+0.0087%	8h	85,622	+0.040%	$9.31B	$24.71B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,553.7	−0.039%	$169.1M	$983.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,555.7	−0.037%	$23.1M	$145.7M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,536	−0.060%	$8.4M	$52.6M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,510	−0.091%	$205K	$7.5M	50x	as long as short
Paradex BTC-USD-PERPlong	+0.0100%	8h	85,587.5	long leg	$3.8M	$8.6M	50x
Hyperliquid BTC	+0.0100%	1h	85,659	+0.084%	$3.76B	$4.98B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,581.3	−0.007%	$40.7M	$569.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,617.8	+0.035%	$5.27B	$9.89B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,613.3	+0.030%	$2.53B	$12.59B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,535	−0.061%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,523.5	−0.075%	$7.3M	$98.5M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,506.5	−0.095%	$35.0M	$163.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,634.2	+0.055%	$157.4M	$554.3M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,806	+0.255%	$278.1M	$938.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,648.7	+0.072%	$215.0M	$166.7M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,842.7	+0.298%	$140.4M	$321.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,444	−0.168%	$30.2M	$208.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,628.2	+0.048%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,595	+0.009%	$11.0M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,603.2	+0.018%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,604.2	+0.020%	$2.4M	$9.1M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,647.2	+0.070%	$186K	$709K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,617.4	+0.035%	$30.0M	$57.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,564.5	−0.027%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,617	+0.034%	$59.9M	$337.7M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,536	−0.060%	$153.7M	$481.2M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,804.9	+0.254%	$582.3M	$118.5M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,588.9	+0.002%	$44.7M	$228.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,548.4	−0.046%	—	$102.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,632.2	+0.052%	$130.7M	$5.27B	50x	as long as short
Hibachi BTC/USDT-P	+0.0136%	1h	85,448.1	−0.163%	$696K	$7.9M	30x	as long as short
Deribit BTC-PERPETUAL	+0.0146%	1h	85,654.1	+0.078%	$893.5M	$1.55B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,639.2	+0.060%	$187.8M	$973.8M	100x	as long as short
Aftermath Perps BTCUSD	+0.0151%	1h	85,699.2	+0.131%	$78K	$219K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0204% / S −0.0192%	1h	85,605.7	+0.021%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	85,508	−0.093%	$10.0M	$771.4M	6.4x	as long as short