Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Paradex against Variational Omni+0.116%7-day average +0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.002%$0 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now +0.116%, 7d avg +0.020%
=Together, before fees−0.066%+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm board−$7 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 0.095% dearer against Variational Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 85,913 | 0.0100 | pay 0.0100% / 8h | 6h 17m | $156.0M | $495.1M | — |
| Short | Paradex BTC-USD-PERP | 86,012.3 | 0.0100 | get 0.0100% / 8h | 6h 17m | $6.0M | $7.9M | 50x |
Variational Omni BTC
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Variational Omni. 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: +0.116% → +0.020%
- $9.51
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $5.5
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Paradex: live order book, 5 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 5 min ago | 0.51 bp | doesn't fit | 0.5 bp −$5 | 3.2 bp −$318 | doesn't fit |
| Sell Paradex live order book, 5 min ago | 1.03 bp | 3.0 bp −$3 | 3.0 bp −$30 | 203.4 bp −$20.3K | doesn't fit |
BTC on 55 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,972 | +0.069% | $8K | $2K | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0076% | 1h | 85,979.1 | +0.077% | $137.4M | $295.5M | 100x | as long as short |
| 01 Exchange BTCUSD | −0.0072% | 1h | 85,988.5 | +0.088% | $358K | $2.0M | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0065% | 1h | 85,995 | +0.095% | $300K | $28.6M | 52x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,975.1 | +0.072% | $422.0M | $575.7M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,996.9 | +0.098% | $16.9M | $15.0M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,990.1 | +0.090% | $482K | $14.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,997.4 | +0.098% | $36.8M | — | 200x | as long as short |
| SoDEX BTC-USD | +0.0011% | 1h | 85,983 | +0.081% | $65.5M | $188.0M | 40x | as long as short |
| BingX BTC-USDT | +0.0020% | 8h | 86,000 | +0.101% | — | $1.37B | — | as long as short |
Hotstuff BTC-PERP
ApeX Omni BTCUSDT
01 Exchange BTCUSD
Injective BTC/USDC PERP
BloFin BTC-USDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
SoDEX BTC-USD
BingX BTC-USDTShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTCUSDT | +0.0029% | 8h | 85,986.8 | +0.086% | $5.10B | $8.35B | 150x | as long as short |
| Aster BTCUSDT | +0.0034% | 8h | 85,970.8 | +0.067% | $512.3M | $901.9M | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0041% | 8h | 85,987.5 | +0.087% | $928.6M | $647.3M | 125x | as long as short |
| Phoenix BTC | +0.0053% | 1h | 85,934 | +0.024% | $2.0M | $8.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0068% | 8h | 85,985.1 | +0.084% | $5.50B | $9.28B | 200x | as long as short |
| Nado BTC-PERP | +0.0072% | 1h | 85,987.3 | +0.086% | $22.3M | $201.9M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,002.7 | +0.104% | $172.8M | $887.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,006.2 | +0.108% | $23.1M | $124.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,985 | +0.084% | $8.8M | $46.6M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,970.1 | +0.066% | $2.4M | $6.7M | 20x | as long as short |
| HTX BTC-USDT | +0.0097% | 8h | 85,978.9 | +0.077% | $2.27B | $831.0M | 200x | as long as short |
| Bitget BTCUSDT | +0.0099% | 8h | 85,985.4 | +0.084% | $2.98B | $4.09B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,962 | +0.057% | $207K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0100% | 8h | 86,012.3 | +0.116% | $6.0M | $7.9M | 50x | |
| Pacifica BTC | +0.0100% | 1h | 86,019.9 | +0.124% | $40.4M | $571.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,977.9 | +0.076% | $9.43B | $21.23B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,990.3 | +0.090% | $2.61B | $9.74B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,979 | +0.077% | $4.0M | $15.5M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,012.9 | +0.116% | $4.2M | $91.3M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,976.9 | +0.074% | $713.5M | $154.0M | 40x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,977.8 | +0.075% | $5.15B | $5.39B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,976.7 | +0.074% | $37.4M | $193.6M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 85,913 | long leg | $156.0M | $495.1M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,917.3 | +0.005% | $289.3M | $850.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,941.6 | +0.033% | $215.9M | $138.3M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,968.6 | +0.065% | $30.2M | $221.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,052.3 | +0.162% | — | $10.5M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,990 | +0.090% | $11.0M | $12.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,989 | +0.088% | $202K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,977.3 | +0.075% | $2.6M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,030.5 | +0.137% | $195K | $565K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,985.9 | +0.085% | $3.2M | $7.0M | 100x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,983.8 | +0.082% | $169.4M | $482.7M | 150x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0102% | 1h | 86,007 | +0.109% | $189.9M | $795.8M | 100x | as long as short |
| Hyperliquid BTC | +0.0104% | 1h | 86,084 | +0.199% | $3.94B | $4.47B | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,959.1 | +0.054% | $46.9M | $206.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,995.2 | +0.096% | — | $82.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,034.5 | +0.141% | $112.4M | $5.03B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0160% | 1h | 85,972.3 | +0.069% | $6.6M | $131.5M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0164% | 8h | 86,009 | +0.112% | $11.3M | $730.7M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0183% | 1h | 85,948.8 | +0.042% | $13.2M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0204% | 1h | 86,016.1 | +0.120% | $9.0M | $38.4M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0312% | 1h | 86,021 | +0.126% | $709K | $7.0M | 30x | as long as short |
| Deribit BTC-PERPETUAL | +0.0332% | 1h | 86,049.2 | +0.158% | $827.7M | $1.53B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0432% | 1h | 85,985.2 | +0.084% | $81K | $246K | 20x | as long as short |
Bybit BTCUSDT
Aster BTCUSDT
KuCoin XBTUSDTM
Phoenix BTC
Gate BTC_USDT
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
HTX BTC-USDT
Bitget BTCUSDT
Katana Perps BTC-USD
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
MEXC BTC_USDT
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
Phemex BTCUSDT
Kraken Futures PF_XBTUSD
Hyperliquid BTC
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hibachi BTC/USDT-P
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD