Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%
Price spread now: SoDEX against Bybit−0.003%46s7-day average −0.004% · 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—prices read too far apart to compare
costs, in and out, $10k−$190.191% of the position
Funding, last 3 days (all we have)−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.003%, 7d avg −0.004%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTCUSDT | 85,657.6 | 0.0100 | pay 0.0100% / 8h | 5h 34m | $5.33B | $9.58B | 150x |
| Short | SoDEX BTC-USD | 85,655 | 0.0100 | get 0.0013% / 1h | 34m 25s | $60.0M | $336.2M | 40x |
Bybit BTCUSDT
SoDEX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $0
- Price spread: −0.003% → −0.004%
- $0.05
- Slippage, 4 orders
- −$0.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$19.08
- Costs to cover
- 0.191%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; SoDEX: 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 Bybit live order book, 5 min ago | 0.01 bp | 5.5 bp −$6 | 5.6 bp −$56 | 6.4 bp −$641 | 7.9 bp −$3,972 |
| Sell SoDEX live order book, 5 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.8 bp −$480 | 39.8 bp −$19.9K |
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 | −0.0160% | 1h | 85,602 | −0.065% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,650 | −0.009% | $8K | $3K | 50x | as long as short |
| Bluefin BTC-PERP | −0.0058% | 1h | 85,693.6 | +0.042% | $196K | $722K | 40x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,642.4 | −0.018% | $370K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,650 | −0.009% | $416.1M | $663.9M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,640.3 | −0.020% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,660 | +0.003% | $36.7M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0011% | 8h | 85,623.5 | −0.040% | $917.2M | $753.1M | 125x | as long as short |
| Nado BTC-PERP | +0.0011% | 1h | 85,645.1 | −0.015% | $22.9M | $221.3M | 50x | as long as short |
| Aster BTCUSDT | +0.0018% | 8h | 85,635.5 | −0.026% | $516.0M | $1.11B | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Bluefin BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0054% | 8h | 85,641 | −0.019% | — | $17.1M | — | as long as short |
| HTX BTC-USDT | +0.0066% | 8h | 85,625.9 | −0.037% | $2.27B | $933.7M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0068% | 1h | 85,644.8 | −0.015% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0068% | 8h | 85,642.5 | −0.018% | $2.95B | $5.02B | 150x | as long as short |
| Phemex BTCUSDT | +0.0075% | 8h | 85,653.5 | −0.005% | $148.1M | $479.1M | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | −0.093% | $340K | $26.9M | 52x | as long as short |
| SunX BTC-USDT | +0.0080% | 8h | 85,595.3 | −0.073% | $2.9M | $6.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,647.6 | −0.012% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,654.6 | −0.004% | $5.05B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,654.6 | −0.004% | $9.35B | $23.90B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0089% | 1h | 85,693.2 | +0.042% | $893.1M | $1.52B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,630.8 | −0.031% | $169.9M | $989.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,625.8 | −0.037% | $23.9M | $148.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,647 | −0.012% | $8.4M | $52.0M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,671.1 | +0.016% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,609 | −0.057% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,719 | +0.072% | $3.78B | $4.94B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,656.4 | −0.001% | $40.5M | $573.5M | 50x | as long as short |
| Bybit BTCUSDTlong | +0.0100% | 8h | 85,657.6 | long leg | $5.33B | $9.58B | 150x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,658.4 | +0.001% | $2.57B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,643 | −0.017% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,599.7 | −0.068% | $7.2M | $96.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,631.4 | −0.031% | $5.55B | $10.49B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,636 | −0.025% | $35.3M | $172.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,622.5 | −0.041% | $155.0M | $548.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,510.3 | −0.172% | $279.0M | $929.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,588.5 | −0.081% | $214.9M | $165.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,576.1 | −0.095% | $140.0M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,629.3 | −0.033% | $30.3M | $210.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,696.4 | +0.045% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,645 | −0.015% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,657.6 | 0.000% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,650.8 | −0.008% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,649.1 | −0.010% | $30.0M | $52.6M | 15x | as long as short |
| SoDEX BTC-USDshort | +0.0100% | 1h | 85,655 | −0.003% | $60.0M | $336.2M | 40x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,614.4 | −0.050% | $621.3M | $398.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,604.8 | −0.062% | $44.1M | $227.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,643.7 | −0.016% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,693.1 | +0.041% | $130.6M | $5.10B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,666.3 | +0.010% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,684.1 | +0.031% | $188.8M | $948.8M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0192% | 1h | 85,613.1 | −0.052% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,683.2 | +0.030% | $701K | $7.9M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0180% | 1h | 85,660.7 | +0.004% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0214% | 8h | 85,661 | +0.004% | $10.5M | $760.4M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,669.4 | +0.014% | $520K | $19.4M | 6.7x | as long as short |
BingX BTC-USDC
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
Phemex BTCUSDT
Injective BTC/USDC PERP
SunX BTC-USDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Deribit BTC-PERPETUAL
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
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
Derive BTC-PERP
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC