BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.003%

Price spread now: Aftermath Perps against Derive+0.057%7-day average +0.026% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.065%+$7 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.057%, 7d avg +0.026%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aftermath Perps is 0.031% dearer against Derive than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BTC-PERP	86,332	0.0100	pay 0.0013% / 1h	19m 43s	$30.3M	$56.9M	15x
Short	Aftermath Perps BTCUSD	86,381.2	0.0170	get 0.0021% / 1h	19m 43s	$77K	$217K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Derive. 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 DerivebpFee Aftermath PerpsbpOrdersPrice spread, now +0.057%Rate

Funding earned: $14.78
Price spread: +0.057% → +0.026%: $3.11
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $2.89
Costs to cover: 0.150%
Break-even: 5.6 days

Slippage unknown: Derive: no order-book sample; Aftermath Perps: live order book, 54 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Aftermath Perps live order book, 54 min ago	1.00 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0139%	1h	86,337.5	+0.006%	$144K	$666K	40x	as long as short
Phoenix BTC	−0.0129%	1h	86,359	+0.031%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,289	−0.050%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,288.4	−0.050%	$363K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,303.8	−0.033%	$481K	$21.4M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,316.4	−0.018%	$36.9M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,358	+0.030%	$343K	$26.9M	52x	as long as short
dYdX BTC-USD	+0.0023%	1h	86,292.5	−0.046%	$16.9M	$20.5M	50x	as long as short
Aster BTCUSDT	+0.0030%	8h	86,261.5	−0.082%	$500.3M	$1.13B	200x	as long as short
KuCoin XBTUSDTM	+0.0042%	8h	86,296	−0.042%	$831.1M	$717.9M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0047%	1h	86,284.7	−0.055%	$6.7M	$145.8M	40x	as long as short
BingX BTC-USDC	+0.0050%	8h	86,231.7	−0.116%	—	$15.3M	—	as long as short
RISEx BTC/USDC	+0.0052%	1h	86,299.6	−0.038%	$8.3M	$42.4M	25x	as long as short
Bitget BTCUSDT	+0.0064%	8h	86,238	−0.109%	$2.97B	$5.04B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	86,310.7	−0.025%	$2.5M	$1.8M	20x	as long as short
SoDEX BTC-USD	+0.0081%	1h	86,305	−0.031%	$60.4M	$338.2M	40x	as long as short
MEXC BTC_USDT	+0.0083%	8h	86,260.4	−0.083%	$5.13B	$5.72B	500x	as long as short
Binance BTCUSDT	+0.0083%	8h	86,240.6	−0.106%	$9.40B	$24.26B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,247.2	−0.098%	$170.3M	$988.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,254.6	−0.090%	$23.7M	$151.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,291	−0.047%	$8.4M	$52.0M	100x	as long as short
Gate BTC_USDT	+0.0099%	8h	86,249.5	−0.096%	$5.77B	$10.57B	200x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,256	−0.088%	$197K	$7.2M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,308.2	−0.028%	$4.2M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,294.8	−0.043%	$22.1M	$227.0M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,296	−0.042%	$3.78B	$4.97B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,306	−0.030%	$41.1M	$552.2M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,248.2	−0.097%	$5.25B	$9.66B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,241.7	−0.105%	$2.56B	$12.45B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,287	−0.052%	$3.9M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,313.2	−0.022%	$7.2M	$94.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,289.7	−0.049%	$37.4M	$159.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,271.9	−0.070%	$157.9M	$558.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,378.6	+0.054%	$279.0M	$949.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,434.6	+0.119%	$217.1M	$165.2M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,403.6	+0.083%	$141.5M	$321.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,307.5	−0.028%	$30.6M	$208.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,326.8	−0.006%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,288	−0.051%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,304	−0.032%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,316.1	−0.018%	$2.4M	$8.9M	100x	as long as short
Derive BTC-PERPlong	+0.0100%	1h	86,332	long leg	$30.3M	$56.9M	15x
SunX BTC-USDT	+0.0100%	8h	86,295.9	−0.042%	$3.4M	$5.4M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,275.9	−0.065%	$2.29B	$958.6M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	86,312.1	−0.023%	$155.1M	$473.1M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,411.1	+0.092%	$576.0M	$32.8M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,242.9	−0.103%	$46.1M	$222.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,300.3	−0.037%	—	$98.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,341.1	+0.011%	$132.5M	$5.34B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,333.3	+0.002%	$192.4M	$944.4M	100x	as long as short
Deribit BTC-PERPETUAL	+0.0153%	1h	86,350.1	+0.021%	$902.2M	$1.51B	50x	as long as short
Hibachi BTC/USDT-P	+0.0168%	1h	86,341.8	+0.011%	$709K	$7.9M	30x	as long as short
Aftermath Perps BTCUSDshort	+0.0170%	1h	86,381.2	+0.057%	$77K	$217K	20x
BloFin BTC-USDT	+0.0203%	8h	86,280.1	−0.060%	$415.0M	$641.3M	150x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	86,311	−0.024%	$10.6M	$765.1M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0206% / S −0.0221%	1h	86,310.7	−0.025%	$14.5M	—	200x	as long as short