BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.041%

Price spread now: gTrade (Gains Network) against Aftermath Perps+0.018%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Aftermath Perps Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.116%−$12 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.018%, 7d avg −0.011%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.028% dearer against Aftermath Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.011%. Mind the row above: over the last 3 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BTCUSD	86,511.1	−0.0020	get 0.0002% / 1h	22m 22s	$82K	$217K	20x
Short	gTrade (Gains Network) BTC/USD	86,526.5	L +0.0005% / S −0.0004%	get 0.0001% / 1h	22m 22s	$36.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 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 Aftermath PerpsbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.018%Rate

Funding earned: $5.04
Price spread: +0.018% → −0.011%: $2.85
Slippage, 4 orders: −$10.77
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$18.88
Costs to cover: 0.268%
Break-even: 33.2 days

Slippage from Aftermath Perps: live order book, 62 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 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, 62 min ago	1.77 bp	12.5 bp −$12	19.0 bp −$190	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$446	6.4 bp −$3,182

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
Bluefin BTC-PERP	−0.0973%	1h	86,536.2	+0.029%	$140K	$620K	40x	as long as short
Phoenix BTC	−0.0159%	1h	86,405	−0.123%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,488	−0.027%	$9K	$3K	50x	as long as short
Aftermath Perps BTCUSDlong	−0.0020%	1h	86,511.1	long leg	$82K	$217K	20x
Aster BTCUSDT	−0.0010%	8h	86,494.2	−0.020%	$504.4M	$1.15B	200x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	86,505	−0.007%	$359K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,500.1	−0.013%	$425K	$23.8M	6.7x	as long as short
KuCoin XBTUSDTM	+0.0001%	8h	86,488.4	−0.026%	$851.6M	$711.3M	125x	as long as short
dYdX BTC-USD	+0.0002%	1h	86,488.5	−0.026%	$17.0M	$21.1M	50x	as long as short
gTrade (Gains Network) BTC/USDshort	L +0.0005% / S −0.0004%	1h	86,526.5	+0.018%	$36.8M	—	200x

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDC	+0.0006%	1h	86,505	−0.007%	$8.5M	$43.0M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0017%	1h	86,526.7	+0.018%	$921.3M	$1.48B	50x	as long as short
Reya BTCRUSDPERP	+0.0023%	1h	86,483.2	−0.032%	$6.7M	$144.9M	40x	as long as short
Injective BTC/USDC PERP	+0.0024%	1h	86,559	+0.055%	$315K	$26.8M	52x	as long as short
Phemex BTCUSDT	+0.0034%	8h	86,494.4	−0.019%	$149.7M	$476.4M	150x	as long as short
BingX BTC-USDT	+0.0035%	8h	86,512	+0.001%	—	$1.59B	—	as long as short
Bitget BTCUSDT	+0.0045%	8h	86,492.7	−0.021%	$2.95B	$5.10B	150x	as long as short
MEXC BTC_USDT	+0.0062%	8h	86,493.1	−0.021%	$5.13B	$5.69B	500x	as long as short
Binance BTCUSDT	+0.0063%	8h	86,510	−0.001%	$9.43B	$24.41B	150x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,499.6	−0.013%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0078%	8h	86,510.2	−0.001%	$5.85B	$10.72B	200x	as long as short
Hibachi BTC/USDT-P	+0.0080%	1h	86,529.3	+0.021%	$717K	$8.2M	30x	as long as short
Bybit BTCUSDT	+0.0091%	8h	86,510.8	0.000%	$5.26B	$9.77B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,488.2	−0.026%	$170.8M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,501.6	−0.011%	$24.1M	$152.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,500	−0.013%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,481	−0.035%	$203K	$6.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,533.7	+0.026%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,465.8	−0.052%	$22.0M	$234.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,563	+0.060%	$3.81B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,520.1	+0.010%	$40.8M	$513.3M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,516.5	+0.006%	$2.54B	$12.74B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,505	−0.007%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,570.3	+0.068%	$7.4M	$94.2M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,343.9	−0.193%	$570.6M	$18.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,494	−0.020%	$37.9M	$155.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,374.3	−0.158%	$155.6M	$566.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,398.5	−0.130%	$279.2M	$947.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,484.6	−0.031%	$217.1M	$175.1M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,464.3	−0.054%	$141.4M	$323.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,483.6	−0.032%	$30.7M	$203.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,538	+0.031%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,495	−0.019%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,495.4	−0.018%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,522.8	+0.014%	$2.4M	$8.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,486	−0.029%	$30.0M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,488.8	−0.026%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,493	−0.021%	$60.4M	$337.2M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,488.2	−0.026%	$2.30B	$968.5M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,485.2	−0.030%	$45.4M	$226.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,494.5	−0.019%	—	$98.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,528.1	+0.020%	$132.1M	$5.70B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,515.7	+0.005%	$191.5M	$943.6M	100x	as long as short
BloFin BTC-USDT	+0.0183%	8h	86,489.1	−0.025%	$415.7M	$654.5M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0184% / S −0.0210%	1h	86,511.9	+0.001%	$15.2M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0196%	8h	86,513	+0.002%	$9.6M	$732.8M	6.4x	as long as short