Funding you earn now, next payment 21:00 UTC+0.0303%/8h= +33.2% APRnext payment +$0.38 per $10,000 · paid last 24h −0.013%
Price spread now: Coinbase International against Aftermath Perps−0.082%7-day average +0.020% · 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−$45as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 3 days (all we have)−0.025%−$3 on $10k
+Price spread, last 3 days (all we have)−0.109%−$11 · spread now −0.082%, 7d avg +0.020%
=Funding pays, the price is against you. Coinbase International is 0.102% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.020%). If the spread goes back, that is −$10 on $10k: about 27 hours of funding at the current rate (+$9 a day).
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.025% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps BTCUSD | 86,880 | −0.0183 | get 0.0023% / 1h | 56m 05s | $85K | $188K | 20x |
| Short | Coinbase International BTC-PERP-INTX | 86,808.8 | 0.0120 | get 0.0015% / 1h | 56m 05s | $132.2M | $5.94B | 50x |
Aftermath Perps BTCUSD
Coinbase International BTC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Aftermath Perps. 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
- $63.65
- Price spread: −0.082% → +0.020%
- −$10.17
- Slippage, 4 orders
- −$15.72
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $18.76
- Costs to cover
- 0.347%
- Break-even
- 4.9 days
Slippage from Aftermath Perps: live order book, 33 min ago; Coinbase International: 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 Aftermath Perps live order book, 33 min ago | 0.00 bp | 15.8 bp −$16 | 28.2 bp −$282 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 0.01 bp | 5.3 bp −$5 | 5.5 bp −$55 | 6.4 bp −$642 | 13.7 bp −$6,871 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0335% | 43m | 86,779.2 | −0.116% | $418K | $25.5M | 6.7x | as long as short |
| Aftermath Perps BTCUSDlong | −0.0183% | 1h | 86,880 | long leg | $85K | $188K | 20x | |
| Phoenix BTC | −0.0123% | 1h | 86,795 | −0.098% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0082% | 1h | 86,803.4 | −0.088% | $18.1M | $19.9M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,790 | −0.104% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0001% | 8h | 86,745 | −0.155% | $838.6M | $708.9M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,750 | −0.150% | $364K | $2.5M | 50x | as long as short |
| Kalshi KXBTCPERP | 0.0000% | 8h | 86,792 | −0.101% | $8.9M | $725.1M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,808.4 | −0.082% | $922.9M | $1.38B | 50x | as long as short |
| Bluefin BTC-PERP | +0.0001% | 1h | 86,732.3 | −0.170% | $160K | $575K | 40x | as long as short |
Perpl BTC
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
Bluefin BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,767 | −0.130% | $36.7M | — | 200x | as long as short |
| Phemex BTCUSDT | +0.0013% | 8h | 86,748.5 | −0.151% | $149.3M | $468.5M | 150x | as long as short |
| Aster BTCUSDT | +0.0017% | 8h | 86,724.2 | −0.179% | $506.3M | $1.17B | 200x | as long as short |
| BingX BTC-USDC | +0.0018% | 8h | 86,750.5 | −0.149% | — | $15.3M | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,738.2 | −0.163% | $6.7M | $143.7M | 40x | as long as short |
| Bitget BTCUSDT | +0.0025% | 8h | 86,755.1 | −0.144% | $2.96B | $5.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0046% | 8h | 86,754.1 | −0.145% | $5.21B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0046% | 8h | 86,749.3 | −0.151% | $9.46B | $24.39B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0047% | 1h | 86,939.6 | +0.069% | $142.3M | $322.7M | 100x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,758.6 | −0.140% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,984 | +0.120% | $316K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0054% | 8h | 86,760.2 | −0.138% | $2.59B | $12.73B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,742 | −0.159% | $9.3M | $41.9M | 25x | as long as short |
| Gate BTC_USDT | +0.0063% | 8h | 86,754 | −0.145% | $5.86B | $10.53B | 200x | as long as short |
| SoDEX BTC-USD | +0.0068% | 1h | 86,755 | −0.144% | $60.6M | $336.4M | 40x | as long as short |
| Bybit BTCUSDT | +0.0078% | 8h | 86,740.6 | −0.161% | $5.30B | $9.68B | 150x | as long as short |
| Popdex BTCUSDT | +0.0080% | 1h | 86,725 | −0.178% | $8.5M | $52.1M | 100x | as long as short |
| Variational Omni BTC | +0.0087% | 8h | 87,051.5 | +0.197% | $161.3M | $562.4M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,766.9 | −0.130% | $172.6M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,773.6 | −0.122% | $24.2M | $152.4M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,931.5 | +0.059% | $218.3M | $190.1M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0097% | 8h | 86,769.3 | −0.127% | $2.5M | $8.4M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,798.5 | −0.094% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,723 | −0.181% | $195K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,783.4 | −0.111% | $23.2M | $237.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,834 | −0.053% | $3.86B | $5.14B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,807.9 | −0.083% | $41.6M | $484.5M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,732 | −0.170% | $3.9M | $18.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,802.5 | −0.089% | $7.6M | $95.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,919.5 | +0.045% | $573.8M | $23.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,761.8 | −0.136% | $38.4M | $147.9M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,943.1 | +0.073% | $280.8M | $943.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,839 | −0.047% | $30.9M | $205.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,817.1 | −0.072% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,738 | −0.163% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,742.2 | −0.159% | $202K | $3.4M | 20x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,764.9 | −0.132% | $30.1M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,769 | −0.128% | $3.4M | $5.6M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,746.1 | −0.154% | $2.31B | $954.6M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,763.4 | −0.134% | $46.2M | $228.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,814.8 | −0.075% | — | $98.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,792.2 | −0.101% | $193.1M | $926.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTXshort | +0.0120% | 1h | 86,808.8 | −0.082% | $132.2M | $5.94B | 50x | |
| BloFin BTC-USDT | +0.0167% | 8h | 86,809.9 | −0.081% | $420.2M | $643.1M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0200% | 1h | 86,765.6 | −0.132% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 86,877.5 | −0.003% | $753K | $7.0M | 30x | as long as short |
gTrade (Gains Network) BTC/USD
Phemex BTCUSDT
Aster BTCUSDT
BingX BTC-USDC
Reya BTCRUSDPERP
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
ApeX Omni BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
SoDEX BTC-USD
Bybit BTCUSDT
Popdex BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Orderly PERP_BTC_USDC
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P