Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: SunX against Bulk−0.123%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Funding, last 3 days (all we have)−0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.123%, 7d avg −0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.110% cheaper against Bulk than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk BTC-USD | 86,665 | 0.0100 | pay 0.0013% / 1h | 43m 31s | $572.2M | $23.5M | 40x |
| Short | SunX BTC-USDT | 86,558.3 | 0.0100 | get 0.0100% / 8h | 2h 43m | $3.4M | $5.6M | 100x |
Bulk BTC-USD
SunX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: −0.123% → −0.013%
- −$11.01
- Slippage, 4 orders
- −$2.96
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$28.97
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 1 min ago; SunX: live order book, 5 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, 1 min ago | 0.01 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.5 bp −$351 | 4.7 bp −$2,326 |
| Sell SunX live order book, 5 min ago | 1.24 bp | 5.7 bp −$6 | 6.5 bp −$65 | 8.3 bp −$830 | 11.5 bp −$5,754 |
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 | 86,584.3 | −0.093% | $431K | $25.1M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0215% | 1h | 86,631.2 | −0.039% | $85K | $188K | 20x | as long as short |
| dYdX BTC-USD | −0.0108% | 1h | 86,607.2 | −0.067% | $17.7M | $20.3M | 50x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,591 | −0.085% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,590 | −0.087% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,583.2 | −0.094% | $845.4M | $707.9M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,615.6 | −0.057% | $361K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,576.3 | −0.102% | $937.8M | $1.43B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,579.7 | −0.098% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0009% | 8h | 86,576.5 | −0.102% | $505.4M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
dYdX BTC-USD
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,572.1 | −0.107% | $6.7M | $144.0M | 40x | as long as short |
| BingX BTC-USDC | +0.0021% | 8h | 86,583.8 | −0.094% | — | $15.2M | — | as long as short |
| Bitget BTCUSDT | +0.0027% | 8h | 86,579.6 | −0.099% | $2.94B | $5.07B | 150x | as long as short |
| Phemex BTCUSDT | +0.0027% | 8h | 86,571.9 | −0.107% | $149.4M | $470.6M | 150x | as long as short |
| MEXC BTC_USDT | +0.0048% | 8h | 86,593.8 | −0.082% | $5.19B | $5.65B | 500x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,538.9 | −0.146% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0049% | 8h | 86,589.3 | −0.087% | $9.43B | $24.29B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.077% | $315K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,604.1 | −0.070% | $9.2M | $42.0M | 25x | as long as short |
| OKX BTC-USDT-SWAP | +0.0064% | 8h | 86,591.6 | −0.085% | $2.57B | $12.69B | 100x | as long as short |
| Gate BTC_USDT | +0.0066% | 8h | 86,590.5 | −0.086% | $5.85B | $10.59B | 200x | as long as short |
| Bybit BTCUSDT | +0.0078% | 8h | 86,586 | −0.091% | $5.27B | $9.66B | 150x | as long as short |
| Variational Omni BTC | +0.0089% | 8h | 86,618.2 | −0.054% | $160.7M | $567.1M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,602.2 | −0.072% | $172.2M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,606.2 | −0.068% | $24.0M | $153.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,587 | −0.090% | $8.5M | $52.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0098% | 8h | 86,570.8 | −0.109% | $217.3M | $189.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,637.4 | −0.032% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,580 | −0.098% | $196K | $6.8M | 50x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,540 | −0.144% | $60.4M | $336.5M | 40x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,553.3 | −0.129% | $2.5M | $8.5M | 100x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,607 | −0.067% | $21.7M | $235.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,682 | +0.020% | $3.83B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,625.7 | −0.045% | $40.9M | $485.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,598 | −0.077% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,662.6 | −0.003% | $7.4M | $93.7M | 40x | as long as short |
| Bulk BTC-USDlong | +0.0100% | 1h | 86,665 | long leg | $572.2M | $23.5M | 40x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,564.7 | −0.116% | $38.1M | $148.2M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,571.4 | −0.108% | $279.7M | $948.9M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,564.8 | −0.116% | $141.5M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,555 | −0.127% | $30.8M | $205.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,646.5 | −0.021% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,592 | −0.084% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,558.5 | −0.123% | $197K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,562.1 | −0.119% | $140K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,548.6 | −0.134% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDTshort | +0.0100% | 8h | 86,558.3 | −0.123% | $3.4M | $5.6M | 100x | |
| HTX BTC-USDT | +0.0100% | 8h | 86,547.6 | −0.135% | $2.30B | $956.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,574.7 | −0.104% | $46.5M | $229.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,585.5 | −0.092% | — | $98.0M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0115% | 8h | 86,588 | −0.089% | $8.9M | $723.3M | 6.4x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,578.5 | −0.100% | $190.6M | $928.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,590.5 | −0.086% | $131.7M | $5.87B | 50x | as long as short |
| BloFin BTC-USDT | +0.0169% | 8h | 86,567.5 | −0.113% | $418.5M | $641.8M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0178% / S −0.0181% | 1h | 86,576.1 | −0.103% | $14.7M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0216% | 1h | 86,604.1 | −0.070% | $600K | $7.2M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
Bitget BTCUSDT
Phemex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Injective BTC/USDC PERP
RISEx BTC/USDC
OKX BTC-USDT-SWAP
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
GRVT BTC_USDT_Perp
Paradex BTC-USD-PERP
Katana Perps BTC-USD
SoDEX BTC-USD
Orderly PERP_BTC_USDC
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P