BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.64 per $10,000 · paid last 24h +0.017%

Price spread now: Orderly against Bitget+0.039%7-day average +0.003% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.039%, 7d avg +0.003%

Together, before fees+0.022%+$2 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 Orderly is 0.036% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BTCUSDT	86,748.5	0.0036	pay 0.0036% / 8h	2h 15m	$2.96B	$5.08B	150x
Short	Orderly PERP_BTC_USDC	86,782.2	0.0100	get 0.0100% / 8h	2h 15m	$2.5M	$8.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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 BitgetbpFee OrderlybpOrdersPrice spread, now +0.039%Rate

Funding earned: $13.44
Price spread: +0.039% → +0.003%: $3.56
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$1
Costs to cover: 0.180%
Break-even: 7.5 days

Slippage unknown: Bitget: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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 Bitget live order book, 4 min ago	0.01 bp	6.0 bp −$6	6.2 bp −$62	7.6 bp −$759	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aftermath Perps BTCUSD	−0.0242%	1h	86,763.9	+0.018%	$85K	$188K	20x	as long as short
Perpl BTC	−0.0223%	43m	86,791.9	+0.050%	$426K	$24.7M	6.7x	as long as short
Phoenix BTC	−0.0103%	1h	86,739	−0.011%	$2.2M	$12.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,759	+0.012%	$9K	$3K	50x	as long as short
dYdX BTC-USD	−0.0061%	1h	86,782.5	+0.039%	$17.6M	$20.6M	50x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,776.2	+0.032%	$362K	$2.4M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,791	+0.049%	$36.9M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0006%	8h	86,752.9	+0.005%	$850.4M	$707.6M	125x	as long as short
Aster BTCUSDT	+0.0008%	8h	86,739.9	−0.010%	$506.4M	$1.16B	200x	as long as short
Deribit BTC-PERPETUAL	+0.0018%	1h	86,808.5	+0.069%	$931.2M	$1.47B	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0021%	1h	86,745	−0.004%	$6.7M	$144.4M	40x	as long as short
Phemex BTCUSDT	+0.0023%	8h	86,766.4	+0.021%	$150.4M	$472.3M	150x	as long as short
BingX BTC-USDT	+0.0028%	8h	86,755.4	+0.008%	—	$1.60B	—	as long as short
Bitget BTCUSDTlong	+0.0036%	8h	86,748.5	long leg	$2.96B	$5.08B	150x
Injective BTC/USDC PERP	+0.0049%	1h	86,639	−0.126%	$315K	$26.8M	52x	as long as short
MEXC BTC_USDT	+0.0060%	8h	86,751.6	+0.004%	$5.19B	$5.71B	500x	as long as short
Binance BTCUSDT	+0.0061%	8h	86,751.9	+0.004%	$9.44B	$24.37B	150x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,769.9	+0.025%	$9.4M	$41.9M	25x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,767.4	+0.022%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0083%	8h	86,753.3	+0.006%	$5.85B	$10.68B	200x	as long as short
Bybit BTCUSDT	+0.0085%	8h	86,750.2	+0.002%	$5.29B	$9.71B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0088%	8h	86,765.1	+0.019%	$2.56B	$12.76B	100x	as long as short
Lighter BTC	+0.0096%	1h	86,784.7	+0.042%	$172.0M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,794.2	+0.053%	$24.2M	$154.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,749	+0.001%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,744	−0.005%	$202K	$6.8M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,809.3	+0.070%	$4.8M	$8.2M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,761.4	+0.015%	$21.7M	$235.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,838	+0.103%	$3.82B	$5.12B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,801.5	+0.061%	$41.0M	$494.9M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,767	+0.021%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,826.7	+0.090%	$7.5M	$94.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,792.1	+0.050%	$573.3M	$22.0M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,771.8	+0.027%	$38.1M	$149.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,796.1	+0.055%	$159.7M	$566.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,776.5	+0.032%	$280.3M	$952.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,797.1	+0.056%	$218.0M	$187.7M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,813.3	+0.075%	$141.7M	$322.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,797.9	+0.057%	$30.8M	$204.0M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,821.3	+0.084%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,759	+0.012%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,766.4	+0.021%	$197K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDCshort	+0.0100%	8h	86,782.2	+0.039%	$2.5M	$8.5M	100x
Bluefin BTC-PERP	+0.0100%	1h	86,789.4	+0.047%	$141K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,776.8	+0.033%	$30.1M	$61.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,765	+0.019%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,766	+0.020%	$60.6M	$336.5M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,761.5	+0.015%	$2.30B	$959.1M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,734	−0.017%	$46.3M	$226.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,816.7	+0.079%	—	$98.9M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0116%	1h	86,805.3	+0.065%	$188.1M	$934.1M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,813	+0.074%	$131.9M	$5.86B	50x	as long as short
Kalshi KXBTCPERP	+0.0160%	8h	86,797	+0.056%	$9.7M	$727.5M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0180% / S −0.0209%	1h	86,784.4	+0.041%	$15.0M	—	200x	as long as short
BloFin BTC-USDT	+0.0181%	8h	86,766.2	+0.020%	$415.5M	$656.2M	150x	as long as short
Hibachi BTC/USDT-P	+0.0208%	1h	86,850.2	+0.117%	$645K	$7.6M	30x	as long as short