BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.73 per $10,000 · paid last 24h +0.036%

Price spread now: Orderly against BloFin−0.010%52s7-day average +0.001% · you buy dearer than you sell

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

Long on BloFin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.010%, 7d avg +0.001%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.065%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BTC-USDT	86,611.4	0.0173	pay 0.0173% / 8h	2h 31m	$416.8M	$652.9M	150x
Short	Orderly PERP_BTC_USDC	86,602.8	0.0100	get 0.0100% / 8h	2h 31m	$2.5M	$8.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. 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 BloFinbpFee OrderlybpOrdersPrice spread, now −0.010%Rate

Funding earned: −$15.31
Price spread: −0.010% → +0.001%: −$1.12
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$34.43
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	0.19 bp	6.2 bp −$6	6.3 bp −$63	7.1 bp −$712	8.5 bp −$4,270
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	−0.0231%	1h	86,605.4	−0.007%	$85K	$188K	20x	as long as short
Perpl BTC	−0.0223%	43m	86,642.5	+0.036%	$428K	$24.9M	6.7x	as long as short
Phoenix BTC	−0.0103%	1h	86,539	−0.084%	$2.2M	$12.4M	40x	as long as short
dYdX BTC-USD	−0.0082%	1h	86,671.7	+0.070%	$17.6M	$20.5M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,605	−0.007%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,631.7	+0.023%	$363K	$2.4M	50x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,617.7	+0.007%	$935.3M	$1.44B	50x	as long as short
KuCoin XBTUSDTM	+0.0002%	8h	86,564	−0.055%	$843.7M	$704.9M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,627.1	+0.018%	$37.0M	—	200x	as long as short
Aster BTCUSDT	+0.0009%	8h	86,570.4	−0.047%	$505.5M	$1.16B	200x	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	86,600.1	−0.013%	$6.7M	$144.3M	40x	as long as short
BingX BTC-USDT	+0.0023%	8h	86,581.9	−0.034%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0024%	8h	86,580.2	−0.036%	$149.6M	$471.4M	150x	as long as short
Bitget BTCUSDT	+0.0030%	8h	86,577.1	−0.040%	$2.94B	$5.07B	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	86,588.3	−0.027%	$2.4M	$1.3M	20x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,639	+0.032%	$315K	$26.8M	52x	as long as short
MEXC BTC_USDT	+0.0052%	8h	86,578	−0.039%	$5.19B	$5.67B	500x	as long as short
Binance BTCUSDT	+0.0053%	8h	86,577.9	−0.039%	$9.43B	$24.31B	150x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,614.2	+0.003%	$9.2M	$42.0M	25x	as long as short
OKX BTC-USDT-SWAP	+0.0072%	8h	86,583.7	−0.032%	$2.56B	$12.70B	100x	as long as short
Gate BTC_USDT	+0.0074%	8h	86,583.8	−0.032%	$5.85B	$10.63B	200x	as long as short
Bybit BTCUSDT	+0.0082%	8h	86,576	−0.041%	$5.27B	$9.67B	150x	as long as short
Variational Omni BTC	+0.0092%	8h	86,584.3	−0.031%	$160.0M	$567.1M	—	as long as short
Lighter BTC	+0.0096%	1h	86,598.2	−0.015%	$172.0M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,599.3	−0.014%	$24.0M	$153.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,605	−0.007%	$8.5M	$52.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,597	−0.017%	$194K	$6.8M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,668.9	+0.066%	$4.8M	$8.2M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,614.2	+0.003%	$21.7M	$235.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,655.4	+0.051%	$3.82B	$5.12B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,646.1	+0.040%	$41.3M	$490.3M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,614	+0.003%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,676.4	+0.075%	$7.5M	$93.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,606.9	−0.005%	$571.9M	$22.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,583.6	−0.032%	$38.1M	$148.4M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,587.1	−0.028%	$279.7M	$950.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,619.4	+0.009%	$217.4M	$187.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,686.6	+0.087%	$141.7M	$322.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,614.3	+0.003%	$30.8M	$205.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,667.4	+0.065%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,607	−0.005%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,608.2	−0.004%	$195K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDCshort	+0.0100%	8h	86,602.8	−0.010%	$2.5M	$8.5M	100x
Bluefin BTC-PERP	+0.0100%	1h	86,614.4	+0.003%	$140K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,593.5	−0.021%	$30.0M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,612.9	+0.002%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,585	−0.030%	$60.4M	$336.4M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,609	−0.003%	$2.30B	$957.3M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,569.5	−0.048%	$46.4M	$227.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,625.9	+0.017%	—	$98.4M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0117%	1h	86,613.3	+0.002%	$188.9M	$930.9M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,628	+0.019%	$131.9M	$5.86B	50x	as long as short
Kalshi KXBTCPERP	+0.0124%	8h	86,637	+0.030%	$8.8M	$723.5M	6.4x	as long as short
BloFin BTC-USDTlong	+0.0173%	8h	86,611.4	long leg	$416.8M	$652.9M	150x
GMX BTC/USD [WBTC.b-USDC]	L +0.0178% / S −0.0185%	1h	86,619.3	+0.009%	$14.9M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	86,661.5	+0.058%	$614K	$7.1M	30x	as long as short