Funding you earn now, next payment 09:00 UTC+0.0152%/8h= +16.7% APRnext payment +$0.19 per $10,000 · paid last 24h +0.032%
Price spread now: RISEx against dYdX+0.043%7-day average +0.012% · 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−$16as in the Price arb table
costs, in and out, $10k−$190.192% of the position
Funding, last 4 days (all we have)+0.101%+$10 on $10k
+Price spread, last 7 days−0.043%−$4 · spread now +0.043%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.031% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BTC-USD | 85,475.8 | 0.0042 | pay 0.0005% / 1h | 45m 59s | $16.7M | $21.0M | 50x |
| Short | RISEx BTC/USDC | 85,512.5 | 0.0194 | get 0.0024% / 1h | 45m 59s | $8.9M | $42.7M | 25x |
dYdX BTC-USD
RISEx BTC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against dYdX. 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
- $32
- Price spread: +0.043% → +0.012%
- $3.06
- Slippage, 4 orders
- −$3.21
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $15.86
- Costs to cover
- 0.192%
- Break-even
- 3.5 days
Slippage from dYdX: live order book, 3 min ago; RISEx: live order book, 3 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 dYdX live order book, 3 min ago | 0.06 bp | 6.1 bp −$6 | 10.1 bp −$101 | 12.9 bp −$1,287 | 19.0 bp −$9,487 |
| Sell RISEx live order book, 3 min ago | 0.01 bp | 4.0 bp −$4 | 4.4 bp −$44 | 11.0 bp −$1,102 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,489 | +0.016% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,467.6 | −0.010% | $422.8M | $682.2M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,535 | +0.069% | $307K | $23.3M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,514.5 | +0.045% | $346K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,498.1 | +0.026% | $36.6M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0009% | 8h | 85,483.6 | +0.009% | $932.4M | $776.6M | 125x | as long as short |
| Aster BTCUSDT | +0.0029% | 8h | 85,479.3 | +0.004% | $502.6M | $1.08B | 200x | as long as short |
| dYdX BTC-USDlong | +0.0042% | 1h | 85,475.8 | long leg | $16.7M | $21.0M | 50x | |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,500.9 | +0.029% | $186.3M | $947.1M | 100x | as long as short |
| Phoenix BTC | +0.0075% | 1h | 85,516 | +0.047% | $2.3M | $10.4M | 40x | as long as short |
Hotstuff BTC-PERP
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
Kraken Futures PF_XBTUSD
Phoenix BTCShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0080% | 8h | 85,487.4 | +0.014% | — | $1.58B | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,504.3 | +0.033% | $170.5M | $941.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,506.6 | +0.036% | $23.6M | $133.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,500 | +0.028% | $8.7M | $58.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,478.8 | +0.004% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,484 | +0.010% | $266K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,540.7 | +0.076% | $5.7M | $9.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,503.6 | +0.033% | $24.1M | $217.7M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,525.7 | +0.058% | $40.2M | $605.5M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,487.7 | +0.014% | $9.41B | $25.11B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,485.9 | +0.012% | $5.09B | $10.01B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,496.9 | +0.025% | $2.61B | $12.23B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,507 | +0.037% | $3.9M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,510 | +0.040% | $4.6M | $97.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,453 | −0.027% | $700.3M | $171.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,489.7 | +0.016% | $5.50B | $9.86B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,490.6 | +0.017% | $5.05B | $5.73B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,496.6 | +0.024% | $2.98B | $5.17B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,485.2 | +0.011% | $37.8M | $193.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,465.8 | −0.012% | $155.8M | $547.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,452.5 | −0.027% | $283.3M | $961.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,471.5 | −0.005% | $214.7M | $156.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,470.1 | −0.007% | $136.6M | $312.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,470.7 | −0.006% | $30.1M | $218.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,569.3 | +0.109% | — | $9.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,519 | +0.051% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,494 | +0.021% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,489.7 | +0.016% | $2.7M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,533.5 | +0.068% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,514.5 | +0.045% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,486 | +0.012% | $59.8M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,490.7 | +0.017% | $2.26B | $974.5M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,502.3 | +0.031% | $160.8M | $517.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,473.5 | −0.003% | $45.7M | $241.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,474.8 | −0.001% | — | $107.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,528.1 | +0.061% | $112.0M | $5.46B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0123% | 1h | 85,526.1 | +0.059% | $831.5M | $1.66B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0147% | 1h | 85,492.4 | +0.019% | $6.6M | $139.2M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0148% | 1h | 85,497.7 | +0.026% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0190% | 8h | 85,515 | +0.046% | $10.6M | $739.0M | 6.4x | as long as short |
| RISEx BTC/USDCshort | +0.0194% | 1h | 85,512.5 | +0.043% | $8.9M | $42.7M | 25x | |
| Hyperliquid BTC | +0.0211% | 1h | 85,564 | +0.103% | $3.80B | $5.15B | 40x | as long as short |
| Derive BTC-PERP | +0.0240% | 1h | 85,554.9 | +0.093% | $28.9M | $49.3M | 15x | as long as short |
| Aftermath Perps BTCUSD | +0.0289% | 1h | 85,477.3 | +0.002% | $81K | $248K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0344% | 1h | 85,527.8 | +0.061% | $688K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,484.2 | +0.010% | $468K | $18.4M | 6.7x | as long as short |
BingX BTC-USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-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
Bitget BTCUSDT
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
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Hyperliquid BTC
Derive BTC-PERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC