Funding you earn now, next payment 22:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.009%
Price spread now: Extended against Binance−0.014%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.014%, 7d avg −0.037%
=Together, before fees+0.066%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.023% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTCUSDT | 86,644.6 | 0.0047 | pay 0.0047% / 8h | 2h 51m | $9.44B | $24.35B | 150x |
| Short | Extended BTC-USD | 86,632.4 | 0.0104 | get 0.0013% / 1h | 51m 48s | $46.3M | $228.4M | 50x |
Binance BTCUSDT
Extended BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Binance. 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
- $11.9
- Price spread: −0.014% → −0.037%
- $2.31
- Slippage, 4 orders
- −$0.13
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$0.91
- Costs to cover
- 0.151%
- Break-even
- 7.5 days
Slippage from Binance: live order book, 7 min ago; Extended: live order book, 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 Binance live order book, 7 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.3 bp −$533 | 7.3 bp −$3,630 |
| Sell Extended live order book, 2 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 2.6 bp −$259 | 8.8 bp −$4,384 |
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 | 86,676.3 | +0.037% | $425K | $25.4M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0192% | 1h | 86,795.1 | +0.174% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,701 | +0.065% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,691 | +0.054% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0073% | 1h | 86,696.3 | +0.060% | $18.1M | $19.9M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,646.6 | +0.002% | $845.4M | $709.5M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,694.9 | +0.058% | $361K | $2.5M | 50x | as long as short |
| Kalshi KXBTCPERP | 0.0000% | 8h | 86,715 | +0.081% | $8.8M | $725.1M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,702.9 | +0.067% | $921.9M | $1.38B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,698.3 | +0.062% | $36.7M | — | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
KuCoin XBTUSDTM
01 Exchange BTCUSD
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0015% | 8h | 86,634.9 | −0.011% | $505.8M | $1.16B | 200x | as long as short |
| Bluefin BTC-PERP | +0.0015% | 1h | 86,690.8 | +0.053% | $141K | $619K | 40x | as long as short |
| BingX BTC-USDT | +0.0019% | 8h | 86,645.7 | +0.001% | — | $1.59B | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,671 | +0.031% | $6.8M | $143.9M | 40x | as long as short |
| Phemex BTCUSDT | +0.0022% | 8h | 86,660.2 | +0.018% | $149.5M | $469.5M | 150x | as long as short |
| Bitget BTCUSDT | +0.0026% | 8h | 86,634.6 | −0.011% | $2.95B | $5.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0047% | 8h | 86,647.9 | +0.004% | $5.21B | $5.63B | 500x | as long as short |
| Binance BTCUSDTlong | +0.0047% | 8h | 86,644.6 | long leg | $9.44B | $24.35B | 150x | |
| Aevo BTC-PERP | +0.0048% | 1h | 86,670.5 | +0.030% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.101% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0058% | 8h | 86,653.1 | +0.010% | $2.58B | $12.72B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,687.4 | +0.049% | $9.0M | $42.1M | 25x | as long as short |
| Gate BTC_USDT | +0.0064% | 8h | 86,646.8 | +0.003% | $5.86B | $10.56B | 200x | as long as short |
| Bybit BTCUSDT | +0.0077% | 8h | 86,645.4 | +0.001% | $5.28B | $9.69B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,792.9 | +0.171% | $161.2M | $563.4M | — | as long as short |
| GRVT BTC_USDT_Perp | +0.0095% | 8h | 86,798 | +0.177% | $217.8M | $191.2M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,673.9 | +0.034% | $172.3M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,680.4 | +0.041% | $24.1M | $152.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,667 | +0.026% | $8.5M | $52.1M | 100x | as long as short |
| Orderly PERP_BTC_USDC | +0.0098% | 8h | 86,675.4 | +0.036% | $2.5M | $8.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0099% | 1h | 86,658 | +0.016% | $60.5M | $336.4M | 40x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,727.8 | +0.096% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,665 | +0.024% | $202K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,658.2 | +0.016% | $21.9M | $237.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,728 | +0.096% | $3.85B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,707.4 | +0.073% | $41.6M | $484.5M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,683 | +0.044% | $3.9M | $18.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,749.5 | +0.121% | $7.6M | $95.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,919.5 | +0.317% | $573.8M | $23.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,662.8 | +0.021% | $38.2M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,752.1 | +0.124% | $280.2M | $945.8M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,805.9 | +0.186% | $142.0M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,692.9 | +0.056% | $30.8M | $205.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,740.3 | +0.110% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,680 | +0.041% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,670.8 | +0.030% | $201K | $3.4M | 20x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,672.9 | +0.033% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,668.1 | +0.027% | $3.4M | $5.6M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,663.6 | +0.022% | $2.30B | $954.4M | 200x | as long as short |
| Extended BTC-USDshort | +0.0104% | 1h | 86,632.4 | −0.014% | $46.3M | $228.4M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,703.3 | +0.068% | — | $97.8M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,704.2 | +0.069% | $192.6M | $927.3M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,711.1 | +0.077% | $132.1M | $5.93B | 50x | as long as short |
| BloFin BTC-USDT | +0.0167% | 8h | 86,696.6 | +0.060% | $419.6M | $641.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0200% | 1h | 86,693.4 | +0.056% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 86,754.1 | +0.126% | $599K | $7.2M | 30x | as long as short |
Aster BTCUSDT
Bluefin BTC-PERP
BingX BTC-USDT
Reya BTCRUSDPERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
GRVT BTC_USDT_Perp
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Orderly PERP_BTC_USDC
SoDEX BTC-USD
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
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P