Funding you earn now, next payment 00:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit−0.023%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$160.161% of the position
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 7 days+0.021%+$2 · spread now −0.023%, 7d avg −0.037%
=Together, before fees+0.093%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTCUSDT | 86,533 | 0.0099 | pay 0.0099% / 8h | 7m 58s | $5.27B | $9.79B | 150x |
| Short | Extended BTC-USD | 86,513.1 | 0.0104 | get 0.0013% / 1h | 7m 58s | $45.7M | $225.6M | 50x |
Bybit BTCUSDT
Extended BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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
- $1.02
- Price spread: −0.023% → −0.037%
- $1.39
- Slippage, 4 orders
- −$0.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$13.72
- Costs to cover
- 0.161%
- Break-even
- 100.7 days
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 1 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 Bybit live order book, 1 min ago | 0.01 bp | 5.5 bp −$6 | 5.5 bp −$55 | 6.2 bp −$624 | 8.2 bp −$4,122 |
| Sell Extended live order book, 1 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 2.6 bp −$261 | 8.3 bp −$4,127 |
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 | −0.0118% | 1h | 86,444 | −0.103% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,470 | −0.073% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,345 | −0.217% | $332K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,493.6 | −0.046% | $8.3M | $42.7M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,498.8 | −0.039% | $358K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,492.8 | −0.046% | $412K | $22.4M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,540.1 | +0.008% | $36.8M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0009% | 8h | 86,531.9 | −0.001% | $501.9M | $1.15B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0022% | 8h | 86,531.8 | −0.001% | $834.8M | $728.2M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0036% | 1h | 86,502.4 | −0.035% | $6.7M | $145.5M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0043% | 8h | 86,534.8 | +0.002% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0055% | 8h | 86,528.3 | −0.005% | $151.2M | $478.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0055% | 8h | 86,530.7 | −0.003% | $2.97B | $5.13B | 150x | as long as short |
| dYdX BTC-USD | +0.0063% | 1h | 86,456.7 | −0.088% | $16.9M | $21.2M | 50x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,511.6 | −0.025% | $2.5M | $1.4M | 20x | as long as short |
| MEXC BTC_USDT | +0.0073% | 8h | 86,517.6 | −0.018% | $5.16B | $5.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0074% | 8h | 86,533.3 | 0.000% | $9.45B | $24.54B | 150x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,527 | −0.007% | $5.85B | $10.81B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,537.7 | +0.005% | $170.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,542.1 | +0.011% | $23.9M | $152.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,490 | −0.050% | $8.5M | $52.3M | 100x | as long as short |
| Bybit BTCUSDTlong | +0.0099% | 8h | 86,533 | long leg | $5.27B | $9.79B | 150x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,462 | −0.082% | $197K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,514.8 | −0.021% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,475.2 | −0.067% | $21.8M | $233.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,599.2 | +0.077% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,507.7 | −0.029% | $41.1M | $538.1M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,548.4 | +0.018% | $2.55B | $12.74B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,473 | −0.069% | $3.9M | $18.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,512.2 | −0.024% | $7.3M | $95.9M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,526.9 | −0.007% | $38.0M | $155.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,407.7 | −0.145% | $157.0M | $567.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,408.7 | −0.144% | $279.1M | $946.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,429.2 | −0.120% | $217.0M | $172.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,423.1 | −0.127% | $141.3M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,448 | −0.098% | $30.7M | $206.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,528.1 | −0.006% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,499 | −0.039% | $11.1M | $13.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,510 | −0.027% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,521.2 | −0.014% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,556.9 | +0.028% | $141K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,554.5 | +0.025% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,497.7 | −0.041% | $3.4M | $5.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,523 | −0.012% | $60.5M | $338.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,511.5 | −0.025% | $2.30B | $968.2M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,452.9 | −0.093% | $572.2M | $12.3M | 40x | as long as short |
| Extended BTC-USDshort | +0.0104% | 1h | 86,513.1 | −0.023% | $45.7M | $225.6M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,494.7 | −0.044% | — | $100.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,556 | +0.027% | $193.1M | $953.1M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,569.7 | +0.042% | $132.3M | $5.64B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0160% | 1h | 86,482.6 | −0.058% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,501.5 | −0.036% | $717K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0194% | 8h | 86,461.9 | −0.082% | $415.2M | $658.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0224% | 1h | 86,524.7 | −0.010% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0207% | 8h | 86,518 | −0.017% | $10.1M | $752.3M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0440% | 1h | 86,592.5 | +0.069% | $913.7M | $1.49B | 50x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
dYdX 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
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL