Funding you earn now, next payment 23:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.043%
Price spread now: Derive against BloFin−0.002%7-day average 0.000% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 3 days (all we have)−0.014%−$1 · spread now −0.002%, 7d avg 0.000%
=The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BTC-USDT | 86,618.8 | 0.0180 | pay 0.0180% / 8h | 1h 42m | $415.5M | $653.0M | 150x |
| Short | Derive BTC-PERP | 86,617.3 | 0.0100 | get 0.0013% / 1h | 42m 29s | $30.0M | $61.6M | 15x |
BloFin BTC-USDT
Derive BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against BloFin. 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
- −$16.82
- Price spread: −0.002% → 0.000%
- −$0.14
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$34.96
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 7 min ago; Derive: 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 BloFin live order book, 7 min ago | 0.08 bp | 6.1 bp −$6 | 6.5 bp −$65 | 7.0 bp −$701 | 8.3 bp −$4,169 |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1210% | 1h | 86,637.4 | +0.021% | $141K | $618K | 40x | as long as short |
| Aftermath Perps BTCUSD | −0.0175% | 1h | 86,597.5 | −0.025% | $79K | $199K | 20x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,603 | −0.018% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,620 | +0.001% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0013% | 1h | 86,682.4 | +0.073% | $17.5M | $20.3M | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,682.4 | +0.073% | $359K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0007% | 8h | 86,660 | +0.048% | $505.8M | $1.15B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,615.3 | −0.004% | $420K | $24.0M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,653.3 | +0.040% | $925.6M | $1.47B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 86,630 | +0.013% | $852.6M | $707.7M | 125x | as long as short |
Bluefin BTC-PERP
Aftermath Perps BTCUSD
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Deribit BTC-PERPETUAL
KuCoin XBTUSDTMShow 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 −0.0004% | 1h | 86,640 | +0.024% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,677.2 | +0.067% | $8.6M | $43.2M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,670.5 | +0.060% | $6.7M | $144.8M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | −0.069% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0024% | 8h | 86,619.6 | +0.001% | $149.6M | $473.0M | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0024% | 1h | 86,651.1 | +0.037% | $732K | $8.1M | 30x | as long as short |
| BingX BTC-USDC | +0.0031% | 8h | 86,657.8 | +0.045% | — | $15.3M | — | as long as short |
| Bitget BTCUSDT | +0.0041% | 8h | 86,677.2 | +0.067% | $2.96B | $5.07B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,613.1 | −0.007% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0060% | 8h | 86,669.2 | +0.058% | $5.19B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,679.4 | +0.070% | $9.44B | $24.30B | 150x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,662.4 | +0.050% | $5.86B | $10.64B | 200x | as long as short |
| Bybit BTCUSDT | +0.0090% | 8h | 86,675.9 | +0.066% | $5.28B | $9.70B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,661 | +0.049% | $172.4M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,686.4 | +0.078% | $24.1M | $151.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,679 | +0.069% | $8.5M | $52.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0098% | 1h | 86,614 | −0.006% | $60.5M | $336.9M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,652 | +0.038% | $207K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,708.7 | +0.104% | $4.8M | $8.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,666.6 | +0.055% | $21.9M | $233.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,739 | +0.139% | $3.82B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,691.7 | +0.084% | $40.9M | $504.7M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,678.1 | +0.068% | $2.55B | $12.70B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,690 | +0.082% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,737.2 | +0.137% | $7.4M | $93.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,527.4 | −0.105% | $571.7M | $19.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,632.5 | +0.016% | $38.5M | $153.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,560.2 | −0.068% | $156.7M | $569.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,583.1 | −0.041% | $279.6M | $943.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,610.1 | −0.010% | $217.3M | $177.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,623.7 | +0.006% | $141.6M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,593.7 | −0.029% | $30.7M | $203.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,713.3 | +0.109% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,678 | +0.068% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,621 | +0.003% | $193K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,624.3 | +0.006% | $2.5M | $8.6M | 100x | as long as short |
| Derive BTC-PERPshort | +0.0100% | 1h | 86,617.3 | −0.002% | $30.0M | $61.6M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 86,615.5 | −0.004% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,617.6 | −0.001% | $2.30B | $958.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,654.1 | +0.041% | $46.4M | $225.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,620.2 | +0.002% | — | $98.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,664.3 | +0.053% | $131.8M | $5.73B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,654.1 | +0.041% | $191.5M | $936.4M | 100x | as long as short |
| BloFin BTC-USDTlong | +0.0180% | 8h | 86,618.8 | long leg | $415.5M | $653.0M | 150x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0208% | 1h | 86,635.5 | +0.019% | $15.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0191% | 8h | 86,649 | +0.035% | $9.6M | $726.4M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
Hibachi BTC/USDT-P
BingX BTC-USDC
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP