Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h −0.024%
Price spread now: dYdX against Aevo−0.014%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$380.381% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.014%, 7d avg +0.028%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.042% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo BTC-PERP | 85,290 | 0.0096 | pay 0.0012% / 1h | 0m 24s | $2.4M | $6.7M | 20x |
| Short | dYdX BTC-USD | 85,277.8 | 0.0021 | get 0.0003% / 1h | 0m 24s | $16.7M | $21.0M | 50x |
Aevo BTC-PERP
dYdX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Aevo. 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
- −$15.71
- Price spread: −0.014% → +0.028%
- −$4.22
- Slippage, 4 orders
- −$12.06
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$57.99
- Costs to cover
- 0.381%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 4 min ago; dYdX: 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 Aevo live order book, 4 min ago | 0.96 bp | 9.6 bp −$10 | 10.4 bp −$104 | 12.4 bp −$1,238 | doesn't fit |
| Sell dYdX live order book, 3 min ago | 2.58 bp | 9.8 bp −$10 | 26.1 bp −$261 | 29.4 bp −$2,944 | 58.0 bp −$29.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,283 | −0.008% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,306 | +0.019% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,279.8 | −0.012% | $421.4M | $684.9M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 85,286.4 | −0.004% | $928.9M | $776.6M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,298.8 | +0.010% | $345K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,294.1 | +0.005% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0018% | 8h | 85,288 | −0.002% | $502.2M | $1.09B | 200x | as long as short |
| dYdX BTC-USDshort | +0.0021% | 1h | 85,277.8 | −0.014% | $16.7M | $21.0M | 50x | |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,290.7 | +0.001% | $186.3M | $953.9M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,267 | −0.027% | $311K | $26.1M | 52x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Kraken Futures PF_XBTUSD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0067% | 8h | 85,271.2 | −0.022% | — | $17.5M | — | as long as short |
| Bybit BTCUSDT | +0.0090% | 8h | 85,294.8 | +0.006% | $5.09B | $10.03B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0091% | 1h | 85,313.9 | +0.028% | $829.7M | $1.67B | 50x | as long as short |
| Nado BTC-PERP | +0.0095% | 1h | 85,281.8 | −0.010% | $24.0M | $220.0M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,307.7 | +0.021% | $169.5M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,305.5 | +0.018% | $23.6M | $149.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,290 | 0.000% | $8.4M | $57.9M | 100x | as long as short |
| Aevo BTC-PERPlong | +0.0096% | 1h | 85,290 | long leg | $2.4M | $6.7M | 20x | |
| ApeX Omni BTCUSDT | +0.0097% | 1h | 85,273.7 | −0.019% | $138.0M | $312.8M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,271 | −0.022% | $265K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,335 | +0.053% | $5.7M | $9.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,311.9 | +0.026% | $40.0M | $605.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,291.5 | +0.002% | $9.40B | $25.18B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,295.2 | +0.006% | $2.61B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,279 | −0.013% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,306.3 | +0.019% | $4.6M | $97.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,256 | −0.040% | $695.2M | $190.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,287.9 | −0.002% | $5.46B | $11.19B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,291.7 | +0.002% | $5.03B | $5.78B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,291.1 | +0.001% | $2.97B | $5.19B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,285.8 | −0.005% | $36.7M | $191.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,265.8 | −0.028% | $155.3M | $548.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,267.5 | −0.026% | $282.8M | $959.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,278.8 | −0.013% | $214.0M | $159.3M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,270.7 | −0.023% | $30.1M | $216.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,367.8 | +0.091% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,291 | +0.001% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,294.8 | +0.006% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,295.6 | +0.007% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,347.1 | +0.067% | $193K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,317.2 | +0.032% | $28.8M | $46.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,249 | −0.048% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,276 | −0.016% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,267.5 | −0.026% | $2.25B | $974.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,293 | +0.004% | $158.8M | $516.3M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,270.1 | −0.023% | $45.7M | $241.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,296.9 | +0.008% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,334.7 | +0.052% | $111.6M | $5.47B | 50x | as long as short |
| Hyperliquid BTC | +0.0132% | 1h | 85,384 | +0.110% | $3.79B | $5.11B | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0145% | 1h | 85,286 | −0.005% | $6.6M | $141.1M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,290 | 0.000% | $11.9M | $737.5M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,281.5 | −0.010% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,314.5 | +0.029% | $8.9M | $43.0M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0284% | 1h | 85,299.1 | +0.011% | $81K | $249K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0312% | 1h | 85,302.6 | +0.015% | $682K | $7.8M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,306.9 | +0.020% | $465K | $18.4M | 6.7x | as long as short |
BingX BTC-USDC
Bybit BTCUSDT
Deribit BTC-PERPETUAL
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
ApeX Omni BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC