BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h −0.002%

Price spread now: RISEx against Bullet+0.064%48s7-day average +0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$160.158% of the position

Long on Bullet Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days−0.039%−$4 · spread now +0.064%, 7d avg +0.002%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.062% dearer against Bullet than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 48 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	Bullet BTC-USD	85,263	0.0100	pay 0.0013% / 1h	31m 40s	$202K	$3.3M	20x
Short	RISEx BTC/USDC	85,317.4	0.0193	get 0.0024% / 1h	31m 40s	$8.7M	$42.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bullet. 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 BulletbpFee RISExbpOrdersPrice spread, now +0.064%Rate

Funding earned: $19.5
Price spread: +0.064% → +0.002%: $6.19
Slippage, 4 orders: −$1.84
Fee Bullet: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $9.85
Costs to cover: 0.158%
Break-even: 3.5 days

Slippage from Bullet: live order book, 3 min ago; RISEx: live order book, 3 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 Bullet live order book, 3 min ago	0.06 bp	4.5 bp −$4	7.2 bp −$72	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	0.01 bp	3.0 bp −$3	3.0 bp −$30	10.2 bp −$1,018	doesn't fit

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	−0.0082%	1h	85,242	−0.025%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,293	+0.035%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0045%	8h	85,265.1	+0.002%	$927.5M	$773.6M	125x	as long as short
BloFin BTC-USDT	−0.0029%	8h	85,299.8	+0.043%	$421.2M	$682.4M	150x	as long as short
Aster BTCUSDT	−0.0012%	8h	85,274.7	+0.014%	$512.4M	$1.09B	200x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,310	+0.055%	$352K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	85,275.6	+0.015%	$494K	$18.5M	6.7x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,282.8	+0.023%	$16.7M	$21.3M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,280.1	+0.020%	$36.5M	—	200x	as long as short
Nado BTC-PERP	+0.0043%	1h	85,299	+0.042%	$24.4M	$222.4M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni BTCUSDT	+0.0055%	1h	85,263.5	+0.001%	$139.4M	$314.4M	100x	as long as short
Injective BTC/USDC PERP	+0.0057%	1h	85,247	−0.019%	$338K	$26.8M	52x	as long as short
BingX BTC-USDC	+0.0070%	8h	85,280.1	+0.020%	—	$17.4M	—	as long as short
Deribit BTC-PERPETUAL	+0.0084%	1h	85,303.6	+0.048%	$862.3M	$1.64B	50x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,257.4	−0.007%	$2.4M	$6.7M	20x	as long as short
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,274.6	+0.014%	$185.8M	$958.1M	100x	as long as short
Bitget BTCUSDT	+0.0089%	8h	85,295.4	+0.038%	$2.96B	$5.17B	150x	as long as short
MEXC BTC_USDT	+0.0091%	8h	85,295.8	+0.038%	$5.01B	$5.75B	500x	as long as short
Binance BTCUSDT	+0.0091%	8h	85,284.5	+0.025%	$9.42B	$24.96B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,292.5	+0.035%	$170.0M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,287.3	+0.029%	$23.5M	$148.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,270	+0.008%	$8.4M	$56.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,270	+0.008%	$236K	$8.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,293.9	+0.036%	$5.14B	$9.99B	150x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,340.4	+0.091%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,352	+0.104%	$3.74B	$5.08B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,313.1	+0.059%	$40.2M	$604.4M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,302.8	+0.047%	$2.59B	$12.23B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,263	0.000%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,291.5	+0.033%	$5.1M	$99.1M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,299.4	+0.043%	$5.49B	$11.00B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,257.5	−0.006%	$36.9M	$178.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,207.8	−0.065%	$154.6M	$557.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,237.8	−0.030%	$279.3M	$950.0M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,263.3	0.000%	$214.1M	$166.1M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,286.9	+0.028%	$30.1M	$203.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,332.1	+0.081%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,268	+0.006%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USDlong	+0.0100%	1h	85,263	long leg	$202K	$3.3M	20x
Orderly PERP_BTC_USDC	+0.0100%	8h	85,267.9	+0.006%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,305.2	+0.049%	$193K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,214.5	−0.057%	$29.9M	$47.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,253	−0.012%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,261	−0.002%	$59.7M	$336.8M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,262.1	−0.001%	$2.25B	$968.4M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,277.1	+0.017%	$151.4M	$509.6M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,269.9	+0.008%	$683.1M	$415.1M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,274.7	+0.014%	$44.8M	$240.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,312.2	+0.058%	—	$107.0M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,301.1	+0.045%	$116.1M	$5.46B	50x	as long as short
Reya BTCRUSDPERP	+0.0128%	1h	85,253.5	−0.011%	$6.6M	$147.6M	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0152%	1h	85,276.9	+0.016%	$13.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0183%	8h	85,307	+0.052%	$11.7M	$741.4M	6.4x	as long as short
RISEx BTC/USDCshort	+0.0193%	1h	85,317.4	+0.064%	$8.7M	$42.9M	25x
Hibachi BTC/USDT-P	+0.0240%	1h	85,271.9	+0.010%	$684K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0266%	1h	85,287.9	+0.029%	$79K	$230K	20x	as long as short