BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.012%

Price spread now: RISEx against Aftermath Perps−0.033%7-day average −0.007% · 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−$28as in the Price arb table

costs, in and out, $10k−$250.255% of the position

Long on Aftermath Perps Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.033%, 7d avg −0.007%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.026% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of −0.007%). If the spread goes back, that is −$3 on $10k: about 6.2 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BTCUSD	85,437.5	0.0243	pay 0.0030% / 1h	56m 24s	$78K	$225K	20x
Short	RISEx BTC/USDC	85,409.3	0.0257	get 0.0032% / 1h	56m 24s	$8.7M	$43.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.033%Rate

Funding earned: $2.87
Price spread: −0.033% → −0.007%: −$2.55
Slippage, 4 orders: −$10.47
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$25.15
Costs to cover: 0.255%
Break-even: 68.2 days

Slippage from Aftermath Perps: live order book, 58 min ago; RISEx: 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, 58 min ago	0.00 bp	6.3 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	0.01 bp	3.0 bp −$3	3.0 bp −$30	9.8 bp −$984	doesn't fit

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
Phoenix BTC	−0.0140%	1h	85,413	−0.029%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,374	−0.074%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0053%	8h	85,357.7	−0.093%	$920.0M	$758.5M	125x	as long as short
BloFin BTC-USDT	−0.0031%	8h	85,453.7	+0.019%	$422.3M	$676.6M	150x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	85,376	−0.072%	$381K	$2.3M	50x	as long as short
Aster BTCUSDT	−0.0011%	8h	85,388.4	−0.057%	$514.0M	$1.10B	200x	as long as short
dYdX BTC-USD	0.0000%	1h	85,409.1	−0.033%	$16.8M	$21.2M	50x	as long as short
Perpl BTC	0.0000%	43m	85,370.2	−0.079%	$539K	$18.8M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,415.4	−0.026%	$36.5M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	85,449	+0.014%	$339K	$26.8M	52x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BTC-PERP	+0.0045%	1h	85,383.1	−0.064%	$24.3M	$223.2M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0056%	1h	85,420.5	−0.020%	$187.5M	$956.5M	100x	as long as short
BingX BTC-USDT	+0.0063%	8h	85,401	−0.043%	—	$1.55B	—	as long as short
Phemex BTCUSDT	+0.0067%	8h	85,453.6	+0.019%	$149.2M	$498.7M	150x	as long as short
Bullet BTC-USD	+0.0070%	1h	85,397.8	−0.046%	$202K	$3.3M	20x	as long as short
Bitget BTCUSDT	+0.0080%	8h	85,402.1	−0.041%	$2.95B	$5.14B	150x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,394.7	−0.050%	$2.6M	$6.2M	20x	as long as short
MEXC BTC_USDT	+0.0089%	8h	85,372.2	−0.076%	$5.07B	$5.66B	500x	as long as short
SoDEX BTC-USD	+0.0089%	1h	85,398	−0.046%	$59.9M	$335.9M	40x	as long as short
Binance BTCUSDT	+0.0090%	8h	85,400	−0.044%	$9.44B	$24.66B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,402.6	−0.041%	$171.8M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,400.6	−0.043%	$23.9M	$147.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,373	−0.075%	$8.4M	$55.2M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0096%	1h	85,437	−0.001%	$117.2M	$5.28B	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,349	−0.104%	$239K	$8.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,415	−0.026%	$5.6M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,450.5	+0.015%	$3.78B	$5.03B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,424.2	−0.016%	$40.1M	$593.1M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,401.3	−0.042%	$5.18B	$9.88B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,407.5	−0.035%	$2.59B	$12.13B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,420	−0.020%	$3.8M	$17.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,379.4	−0.068%	$4.7M	$99.3M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,406.8	−0.036%	$5.55B	$10.75B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,455	+0.021%	$36.6M	$175.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,397.6	−0.047%	$154.3M	$564.6M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,391.5	−0.054%	$279.0M	$933.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,417.2	−0.024%	$214.5M	$169.0M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,428.6	−0.010%	$139.6M	$316.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,439.9	+0.003%	$30.1M	$206.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,450.1	+0.015%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,373	−0.075%	$11.1M	$14.4M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,401.4	−0.042%	$2.5M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,447.7	+0.012%	$207K	$738K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,382.8	−0.064%	$30.0M	$50.3M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,380.7	−0.066%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,449.4	+0.014%	$2.26B	$950.5M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,404.3	−0.039%	$678.7M	$662.5M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0102%	1h	85,443	+0.006%	$872.2M	$1.60B	50x	as long as short
Extended BTC-USD	+0.0104%	1h	85,376.5	−0.071%	$45.8M	$236.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,406.2	−0.037%	—	$106.8M	500x	as long as short
Reya BTCRUSDPERP	+0.0108%	1h	85,368.7	−0.080%	$6.6M	$147.3M	40x	as long as short
Kalshi KXBTCPERP	+0.0166%	8h	85,390	−0.056%	$11.4M	$751.0M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,407.3	−0.035%	$13.0M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	85,501.3	+0.075%	$695K	$7.9M	30x	as long as short
Aftermath Perps BTCUSDlong	+0.0243%	1h	85,437.5	long leg	$78K	$225K	20x
RISEx BTC/USDCshort	+0.0257%	1h	85,409.3	−0.033%	$8.7M	$43.0M	25x