Funding you earn now, next payment 23:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.014%
Price spread now: RISEx against Coinbase International+0.010%7-day average −0.024% · 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−$14as in the Price arb table
costs, in and out, $10k−$170.170% of the position
Funding, last 3 days (all we have)−0.024%−$2 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.010%, 7d avg −0.024%
=The price spread pays, funding is against you. RISEx is 0.034% dearer against Coinbase International than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.024%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 3 days (−0.024% in total) that is about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BTC-PERP-INTX | 86,570.9 | 0.0112 | pay 0.0014% / 1h | 48m 31s | $132.6M | $5.68B | 50x |
| Short | RISEx BTC/USDC | 86,579.7 | −0.0024 | pay 0.0003% / 1h | 48m 31s | $8.3M | $42.9M | 25x |
Coinbase International BTC-PERP-INTX
RISEx BTC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Coinbase International. 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
- −$28.56
- Price spread: +0.010% → −0.024%
- $3.44
- Slippage, 4 orders
- −$1.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$42.14
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 6 min ago; RISEx: live order book, 6 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 Coinbase International live order book, 6 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.3 bp −$530 | 10.7 bp −$5,354 |
| Sell RISEx live order book, 6 min ago | 0.01 bp | 3.1 bp −$3 | 3.1 bp −$31 | 9.5 bp −$953 | 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 | −0.0118% | 1h | 86,505 | −0.076% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,512 | −0.068% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,601 | +0.035% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDCshort | −0.0024% | 1h | 86,579.7 | +0.010% | $8.3M | $42.9M | 25x | |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,579.7 | +0.010% | $358K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0002% | 8h | 86,581.7 | +0.012% | $502.6M | $1.15B | 200x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,546.7 | −0.028% | $916.5M | $1.49B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,537 | −0.039% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0010% | 8h | 86,584.5 | +0.016% | $850.7M | $714.4M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0025% | 1h | 86,589.3 | +0.021% | $6.7M | $145.3M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
01 Exchange BTCUSD
Aster BTCUSDT
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USD | +0.0036% | 1h | 86,586.1 | +0.018% | $17.0M | $21.1M | 50x | as long as short |
| BingX BTC-USDT | +0.0041% | 8h | 86,573.7 | +0.003% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0044% | 8h | 86,523.6 | −0.055% | $149.8M | $479.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,562.2 | −0.010% | $2.96B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0071% | 8h | 86,576.5 | +0.006% | $5.16B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0072% | 8h | 86,580.4 | +0.011% | $9.43B | $24.54B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,513.1 | −0.067% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,577.3 | +0.007% | $5.88B | $10.72B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,598.8 | +0.032% | $170.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,604.2 | +0.038% | $24.1M | $151.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,568 | −0.003% | $8.5M | $52.5M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,555 | −0.018% | $196K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,615.3 | +0.051% | $4.8M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,592.8 | +0.025% | $21.8M | $234.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,668 | +0.112% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,622.4 | +0.060% | $40.8M | $524.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,573.8 | +0.003% | $5.27B | $9.81B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,575.1 | +0.005% | $2.55B | $12.75B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,594 | +0.027% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,608.1 | +0.043% | $7.6M | $95.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,560.7 | −0.012% | $572.5M | $17.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,514 | −0.066% | $38.0M | $155.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,524.8 | −0.053% | $155.3M | $568.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,541.9 | −0.033% | $279.6M | $945.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,542.5 | −0.033% | $217.3M | $172.2M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,541.7 | −0.034% | $141.4M | $323.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,502.8 | −0.079% | $30.7M | $204.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,606.8 | +0.041% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,590 | +0.022% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,515 | −0.065% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,500.7 | −0.081% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,523.4 | −0.055% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,541.1 | −0.034% | $30.6M | $62.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,501.6 | −0.080% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,513 | −0.067% | $60.5M | $337.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,498.4 | −0.084% | $2.30B | $969.6M | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0103% | 1h | 86,546.4 | −0.028% | $79K | $220K | 20x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,551.7 | −0.022% | $45.4M | $226.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,537.6 | −0.039% | — | $99.1M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,554.1 | −0.019% | $193.5M | $951.0M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,540.8 | −0.035% | $416K | $23.3M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTXlong | +0.0112% | 1h | 86,570.9 | long leg | $132.6M | $5.68B | 50x | |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 86,578.4 | +0.009% | $722K | $8.0M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0191% / S −0.0214% | 1h | 86,533.8 | −0.043% | $15.1M | — | 200x | as long as short |
| BloFin BTC-USDT | +0.0192% | 8h | 86,519.3 | −0.060% | $414.3M | $658.1M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0205% | 8h | 86,546 | −0.029% | $9.8M | $740.8M | 6.4x | as long as short |
dYdX BTC-USD
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
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
Bulk 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
Aftermath Perps BTCUSD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
BloFin BTC-USDT
Kalshi KXBTCPERP