Funding you earn now, next payment 05:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.028%
Price spread now: KuCoin against Derive−0.014%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.014%, 7d avg −0.003%
=The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive BTC-PERP | 85,618.8 | 0.0100 | pay 0.0013% / 1h | 57m 59s | $30.0M | $50.0M | 15x |
| Short | KuCoin XBTUSDTM | 85,606.9 | −0.0036 | pay 0.0036% / 8h | 3h 57m | $923.1M | $753.8M | 125x |
Derive BTC-PERP
KuCoin XBTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Derive. 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: −0.014% → −0.003%
- −$1.05
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$47.61
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago | 0.01 bp | 6.1 bp −$6 | 7.6 bp −$76 | 9.0 bp −$905 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0179% | 1h | 85,565 | −0.063% | $2.1M | $10.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,657 | +0.045% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTMshort | −0.0036% | 8h | 85,606.9 | −0.014% | $923.1M | $753.8M | 125x | |
| BloFin BTC-USDT | −0.0020% | 8h | 85,665 | +0.054% | $418.0M | $675.1M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,645.3 | +0.031% | $367K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,680 | +0.071% | $16.8M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,637.3 | +0.022% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0015% | 8h | 85,622.1 | +0.004% | $516.1M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0016% | 1h | 85,648.5 | +0.035% | $25.0M | $222.4M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,690 | +0.083% | $340K | $26.9M | 52x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Nado BTC-PERP
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0063% | 8h | 85,636.7 | +0.021% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0064% | 8h | 85,623.2 | +0.005% | $148.6M | $489.3M | 150x | as long as short |
| SoDEX BTC-USD | +0.0070% | 1h | 85,627 | +0.010% | $60.0M | $336.1M | 40x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,630.1 | +0.013% | $2.96B | $5.10B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0089% | 1h | 85,630.4 | +0.014% | $6.6M | $146.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,630.5 | +0.014% | $172.3M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,634.3 | +0.018% | $23.9M | $147.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,632 | +0.015% | $8.7M | $53.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,621.2 | +0.003% | $2.5M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,607 | −0.014% | $202K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,706.1 | +0.102% | $5.2M | $9.1M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,679.9 | +0.071% | $40.5M | $582.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,627.6 | +0.010% | $9.38B | $24.26B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,622.6 | +0.004% | $5.19B | $9.82B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,635.7 | +0.020% | $2.59B | $12.17B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,639 | +0.024% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,634.2 | +0.018% | $4.4M | $98.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,487.5 | −0.153% | $672.1M | $698.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,638.4 | +0.023% | $5.52B | $10.70B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,623.7 | +0.006% | $5.06B | $5.62B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,616.5 | −0.003% | $35.7M | $177.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,565.9 | −0.062% | $153.8M | $564.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,561.6 | −0.067% | $279.5M | $922.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,554.3 | −0.075% | $214.7M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,562.4 | −0.066% | $139.9M | $314.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,655.2 | +0.043% | $30.3M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,688.2 | +0.081% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,634 | +0.018% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,633.7 | +0.017% | $195K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,632.8 | +0.016% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,674.7 | +0.065% | $207K | $739K | 40x | as long as short |
| Derive BTC-PERPlong | +0.0100% | 1h | 85,618.8 | long leg | $30.0M | $50.0M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 85,618.8 | 0.000% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,625 | +0.007% | $2.27B | $946.4M | 200x | as long as short |
| Hyperliquid BTC | +0.0102% | 1h | 85,712 | +0.109% | $3.79B | $5.01B | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,596.5 | −0.026% | $44.8M | $231.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,665.6 | +0.055% | — | $107.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,660.8 | +0.049% | $117.2M | $5.21B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0105% | 1h | 85,668.4 | +0.058% | $886.5M | $1.58B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,644 | +0.029% | $187.7M | $955.6M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,662.8 | +0.051% | $8.9M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,640.6 | +0.026% | $13.2M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0213% | 1h | 85,607.1 | −0.014% | $78K | $220K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0220% | 8h | 85,666 | +0.055% | $12.0M | $757.4M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0256% | 1h | 85,699.5 | +0.094% | $703K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,653.9 | +0.041% | $504K | $18.8M | 6.7x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
SoDEX BTC-USD
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC 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
Bluefin BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Hyperliquid BTC
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Perpl BTC