Extendedvs
Paradex
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
| Extended | Paradex | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 2.5 bps | 0.75 bps✓ |
| Maker fee | 0 bps | 0 bps |
| Open Interest | $186.3M✓ | $9.2M |
| 24h Volume | $496.1M✓ | $9.1M |
| Avg Funding APR | 8.04% | 4.97% |
| Markets | 50 | 50 |
| Airdrop / token | Points Active | Season 2 |
Extended and Paradex are both perpetual-futures venues tracked on ORBIT. On fees, Paradex is cheaper (0.75 vs 2.5 bps taker). On liquidity, Extended is deeper with $186.3M open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Extended and Paradex diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Is Extended or Paradex cheaper?
- Extended charges 2.5 bps taker / 0 bps maker; Paradex charges 0.75 bps taker / 0 bps maker. Paradex has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Extended or Paradex?
- Extended has $186.3M open interest across 50 markets; Paradex has $9.2M across 50. Extended is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Extended and Paradex?
- Yes — when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.