Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: StandX against Bulk+0.118%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$200.200% of the position
Funding, last 3 days (all we have)−0.007%−$1 on $10k
+Price spread, last 7 days−0.126%−$13 · spread now +0.118%, 7d avg −0.004%
=Together, before fees−0.132%+ Points / potential airdropStandX: Active · farm board−$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.122% dearer against Bulk than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk BTC-USD | 86,145.7 | 0.0100 | pay 0.0013% / 1h | 16m 44s | $580.3M | $59.0M | 40x |
| Short | StandX BTC-USD | 86,247 | 0.0100 | get 0.0013% / 1h | 16m 44s | $30.6M | $208.8M | 40x |
Bulk BTC-USD
StandX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX against Bulk. 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
- $0
- Price spread: +0.118% → −0.004%
- $12.17
- Slippage, 4 orders
- −$5.02
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$7.85
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 2 min ago; StandX: 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 Bulk live order book, 2 min ago | 0.01 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.5 bp −$351 | 3.6 bp −$1,795 |
| Sell StandX live order book, 2 min ago | 2.26 bp | 6.3 bp −$6 | 7.5 bp −$75 | 9.2 bp −$917 | 11.2 bp −$5,582 |
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 | −0.0129% | 1h | 86,239 | +0.108% | $2.2M | $11.2M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0083% | 1h | 86,221.8 | +0.088% | $144K | $667K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,248 | +0.119% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 86,225.1 | +0.092% | $363K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,233.8 | +0.102% | $541K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,210 | +0.075% | $36.8M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0022% | 1h | 86,243.1 | +0.113% | $16.9M | $20.5M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.246% | $343K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0030% | 8h | 86,250.9 | +0.122% | $500.1M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0042% | 8h | 86,243.5 | +0.114% | $831.1M | $718.6M | 125x | as long as short |
Phoenix BTC
Bluefin BTC-PERP
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0047% | 1h | 86,196 | +0.058% | $6.7M | $145.8M | 40x | as long as short |
| BingX BTC-USDT | +0.0051% | 8h | 86,255.5 | +0.128% | — | $1.58B | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,233.1 | +0.102% | $8.3M | $42.4M | 25x | as long as short |
| Bitget BTCUSDT | +0.0065% | 8h | 86,250 | +0.121% | $2.97B | $5.05B | 150x | as long as short |
| SoDEX BTC-USD | +0.0074% | 1h | 86,188 | +0.049% | $60.4M | $338.2M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,192 | +0.054% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0082% | 8h | 86,243.8 | +0.114% | $5.09B | $5.74B | 500x | as long as short |
| Binance BTCUSDT | +0.0083% | 8h | 86,252 | +0.123% | $9.40B | $24.32B | 150x | as long as short |
| Gate BTC_USDT | +0.0091% | 8h | 86,249.9 | +0.121% | $5.76B | $10.60B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,270 | +0.144% | $170.4M | $990.5M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,267.4 | +0.141% | $23.6M | $151.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,220 | +0.086% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,201 | +0.064% | $196K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,241 | +0.111% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,239.4 | +0.109% | $22.0M | $227.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,319 | +0.201% | $3.78B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,280.9 | +0.157% | $40.6M | $558.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,257.5 | +0.130% | $5.25B | $9.67B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,268.3 | +0.142% | $2.56B | $12.46B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,218 | +0.084% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,248.6 | +0.120% | $7.2M | $95.0M | 40x | as long as short |
| Bulk BTC-USDlong | +0.0100% | 1h | 86,145.7 | long leg | $580.3M | $59.0M | 40x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,200.7 | +0.064% | $35.6M | $160.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,271.9 | +0.147% | $157.9M | $558.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,274.4 | +0.149% | $278.7M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,277 | +0.152% | $216.6M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,283.5 | +0.160% | $141.3M | $321.0M | 100x | as long as short |
| StandX BTC-USDshort | +0.0100% | 1h | 86,247 | +0.118% | $30.6M | $208.8M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 86,261.7 | +0.135% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,224 | +0.091% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,194.3 | +0.056% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,180.5 | +0.040% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,210.7 | +0.076% | $30.3M | $56.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,203.5 | +0.067% | $3.3M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,201.5 | +0.065% | $2.29B | $959.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,212.7 | +0.078% | $155.1M | $473.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,234.7 | +0.103% | $46.0M | $222.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,236.4 | +0.105% | — | $99.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,233.9 | +0.102% | $132.2M | $5.33B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,226.4 | +0.094% | $191.7M | $946.3M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0156% | 1h | 86,239.7 | +0.109% | $902.1M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,215.3 | +0.081% | $712K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0170% | 1h | 86,315.6 | +0.197% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0203% | 8h | 86,184.8 | +0.045% | $415.3M | $641.0M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0204% | 8h | 86,236 | +0.105% | $10.5M | $765.9M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0222% | 1h | 86,206.3 | +0.070% | $14.5M | — | 200x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
RISEx BTC/USDC
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]