BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.010%

Price spread now: StandX against Coinbase International+0.063%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Coinbase International Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.063%, 7d avg −0.053%

Together, before fees−0.052%+ Points / potential airdropStandX: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.116% dearer against Coinbase International than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.053%): +$12 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BTC-PERP-INTX	86,611.6	0.0112	pay 0.0014% / 1h	36m 49s	$131.7M	$5.71B	50x
Short	StandX BTC-USD	86,666	0.0100	get 0.0013% / 1h	36m 49s	$30.7M	$203.4M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 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 Coinbase InternationalbpFee StandXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$2.52
Price spread: +0.063% → −0.053%: $11.56
Slippage, 4 orders: −$2.23
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$11.18
Costs to cover: 0.202%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.1 bp −$514	10.7 bp −$5,368
Sell StandX live order book, 2 min ago	0.46 bp	5.3 bp −$5	6.2 bp −$62	7.1 bp −$712	9.1 bp −$4,568

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
Bluefin BTC-PERP	−0.0753%	1h	86,588	−0.027%	$140K	$618K	40x	as long as short
Phoenix BTC	−0.0159%	1h	86,627	+0.018%	$2.2M	$11.8M	40x	as long as short
Aftermath Perps BTCUSD	−0.0153%	1h	86,645.4	+0.039%	$83K	$215K	20x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,606	−0.006%	$9K	$3K	50x	as long as short
dYdX BTC-USD	−0.0011%	1h	86,627.2	+0.018%	$17.5M	$20.3M	50x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	86,603.6	−0.009%	$359K	$2.4M	50x	as long as short
Aster BTCUSDT	−0.0007%	8h	86,558.2	−0.062%	$505.1M	$1.15B	200x	as long as short
Perpl BTC	0.0000%	43m	86,598.6	−0.015%	$419K	$23.9M	6.7x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,602.6	−0.010%	$925.1M	$1.47B	50x	as long as short
KuCoin XBTUSDTM	+0.0001%	8h	86,554.6	−0.066%	$852.0M	$708.1M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,595.3	−0.019%	$36.8M	—	200x	as long as short
RISEx BTC/USDC	+0.0006%	1h	86,601.5	−0.012%	$8.6M	$43.2M	25x	as long as short
Reya BTCRUSDPERP	+0.0022%	1h	86,573.6	−0.044%	$6.7M	$144.8M	40x	as long as short
Injective BTC/USDC PERP	+0.0024%	1h	86,559	−0.061%	$315K	$26.8M	52x	as long as short
Phemex BTCUSDT	+0.0029%	8h	86,570.1	−0.048%	$150.3M	$473.7M	150x	as long as short
BingX BTC-USDT	+0.0034%	8h	86,554.3	−0.066%	—	$1.59B	—	as long as short
Hibachi BTC/USDT-P	+0.0040%	1h	86,683.5	+0.083%	$731K	$8.2M	30x	as long as short
Bitget BTCUSDT	+0.0042%	8h	86,556.6	−0.064%	$2.95B	$5.07B	150x	as long as short
Binance BTCUSDT	+0.0061%	8h	86,545.8	−0.076%	$9.42B	$24.31B	150x	as long as short
MEXC BTC_USDT	+0.0061%	8h	86,552.7	−0.068%	$5.18B	$5.64B	500x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,565.9	−0.053%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0076%	8h	86,548.5	−0.073%	$5.85B	$10.65B	200x	as long as short
Bybit BTCUSDT	+0.0090%	8h	86,556.3	−0.064%	$5.27B	$9.70B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,562	−0.057%	$171.7M	$1.00B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,577.9	−0.039%	$24.1M	$151.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,587	−0.028%	$8.5M	$52.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,585	−0.031%	$204K	$6.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,631.6	+0.023%	$4.8M	$8.4M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,602.6	−0.010%	$21.8M	$233.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,629	+0.020%	$3.81B	$5.08B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,643.6	+0.037%	$41.1M	$505.2M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,556.6	−0.064%	$2.55B	$12.69B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,606	−0.006%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,678.3	+0.077%	$7.4M	$93.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,703.1	+0.106%	$573.0M	$18.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,570.7	−0.047%	$38.4M	$153.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,696.3	+0.098%	$156.8M	$565.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,636.2	+0.028%	$280.0M	$943.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,641.8	+0.035%	$217.4M	$174.1M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,642.9	+0.036%	$141.6M	$323.1M	100x	as long as short
StandX BTC-USDshort	+0.0100%	1h	86,666	+0.063%	$30.7M	$203.4M	40x
Vest BTC-PERP	+0.0100%	1h	86,649.2	+0.043%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,587	−0.028%	$11.1M	$13.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,586	−0.030%	$194K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,576.3	−0.041%	$2.4M	$8.6M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,570.8	−0.047%	$30.0M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,620.2	+0.010%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,568	−0.050%	$60.5M	$337.0M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,566.6	−0.052%	$2.30B	$964.2M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,537	−0.086%	$46.4M	$225.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,632.2	+0.024%	—	$98.2M	500x	as long as short
Coinbase International BTC-PERP-INTXlong	+0.0112%	1h	86,611.6	long leg	$131.7M	$5.71B	50x
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,601.7	−0.011%	$191.6M	$937.0M	100x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0180% / S −0.0208%	1h	86,601.8	−0.011%	$15.1M	—	200x	as long as short
BloFin BTC-USDT	+0.0182%	8h	86,570	−0.048%	$414.5M	$651.5M	150x	as long as short
Kalshi KXBTCPERP	+0.0194%	8h	86,624	+0.014%	$9.7M	$728.0M	6.4x	as long as short