BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0132%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.007%

Price spread now: Aftermath Perps against Extended+0.129%45s7-day average +0.058% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.251% of the position

Long on Extended Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.129%, 7d avg +0.058%

Together, before fees+0.013%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aftermath Perps is 0.071% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.058%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BTC-USD	85,295.6	0.0104	pay 0.0013% / 1h	42m 27s	$45.7M	$236.2M	50x
Short	Aftermath Perps BTCUSD	85,405.7	0.0236	get 0.0029% / 1h	42m 27s	$79K	$226K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Extended. 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 ExtendedbpFee Aftermath PerpsbpOrdersPrice spread, now +0.129%Rate

Funding earned: $27.63
Price spread: +0.129% → +0.058%: $7.1
Slippage, 4 orders: −$11.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $9.58
Costs to cover: 0.251%
Break-even: 4.6 days

Slippage from Extended: live order book, 2 min ago; Aftermath Perps: live order book, 7 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 Extended live order book, 2 min ago	0.06 bp	2.6 bp −$3	2.6 bp −$26	2.6 bp −$258	8.0 bp −$4,011
Sell Aftermath Perps live order book, 7 min ago	0.58 bp	10.6 bp −$11	doesn't fit	doesn't fit	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
Perpl BTC	−0.0112%	43m	85,340.5	+0.053%	$531K	$18.8M	6.7x	as long as short
Phoenix BTC	−0.0111%	1h	85,377	+0.095%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,322	+0.031%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0054%	8h	85,315.2	+0.023%	$919.4M	$761.1M	125x	as long as short
BloFin BTC-USDT	−0.0033%	8h	85,287	−0.010%	$419.9M	$678.3M	150x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	85,314.2	+0.022%	$381K	$2.3M	50x	as long as short
Aster BTCUSDT	−0.0014%	8h	85,301.5	+0.007%	$513.1M	$1.10B	200x	as long as short
dYdX BTC-USD	+0.0002%	1h	85,357.5	+0.073%	$16.7M	$21.3M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,320.6	+0.029%	$36.5M	—	200x	as long as short
Nado BTC-PERP	+0.0009%	1h	85,310.4	+0.017%	$24.5M	$222.6M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0023%	1h	85,449	+0.180%	$339K	$26.8M	52x	as long as short
SoDEX BTC-USD	+0.0041%	1h	85,300	+0.005%	$59.8M	$335.8M	40x	as long as short
Kraken Futures PF_XBTUSD	+0.0056%	1h	85,319.4	+0.028%	$187.7M	$955.2M	100x	as long as short
BingX BTC-USDC	+0.0065%	8h	85,302.6	+0.008%	—	$17.3M	—	as long as short
Bullet BTC-USD	+0.0065%	1h	85,300.1	+0.005%	$203K	$3.3M	20x	as long as short
Phemex BTCUSDT	+0.0073%	8h	85,305.1	+0.011%	$149.4M	$501.7M	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,291.8	−0.004%	$2.4M	$6.7M	20x	as long as short
Bitget BTCUSDT	+0.0082%	8h	85,304.7	+0.011%	$2.95B	$5.15B	150x	as long as short
Binance BTCUSDT	+0.0086%	8h	85,310	+0.017%	$9.43B	$24.74B	150x	as long as short
MEXC BTC_USDT	+0.0087%	8h	85,315.1	+0.023%	$5.07B	$5.67B	500x	as long as short
Lighter BTC	+0.0096%	1h	85,334.9	+0.046%	$171.6M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,335.8	+0.047%	$23.8M	$147.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,310	+0.017%	$8.4M	$55.5M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0096%	1h	85,338.4	+0.050%	$116.7M	$5.31B	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,290	−0.007%	$239K	$8.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,370.5	+0.088%	$5.6M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,422	+0.148%	$3.77B	$5.04B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,359.1	+0.074%	$40.1M	$595.0M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,294.4	−0.001%	$5.17B	$9.90B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,301	+0.006%	$2.59B	$12.13B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,320	+0.029%	$3.8M	$17.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,319.6	+0.028%	$4.7M	$99.1M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,324.1	+0.033%	$679.5M	$626.7M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,323.7	+0.033%	$5.51B	$10.82B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,297.7	+0.002%	$36.5M	$174.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,345	+0.058%	$154.3M	$564.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,396.2	+0.118%	$279.4M	$939.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,382.3	+0.102%	$214.6M	$168.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,392.3	+0.113%	$139.6M	$315.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,363.4	+0.079%	$30.1M	$206.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,369	+0.086%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,301	+0.006%	$11.0M	$14.4M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,304.2	+0.010%	$2.3M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,344.5	+0.057%	$206K	$739K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,284.3	−0.013%	$30.0M	$50.3M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,294.1	−0.002%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,306.2	+0.012%	$2.26B	$952.1M	200x	as long as short
Extended BTC-USDlong	+0.0104%	1h	85,295.6	long leg	$45.7M	$236.2M	50x
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,327.5	+0.037%	—	$106.8M	500x	as long as short
Deribit BTC-PERPETUAL	+0.0108%	1h	85,345.2	+0.058%	$872.3M	$1.60B	50x	as long as short
Reya BTCRUSDPERP	+0.0111%	1h	85,293.3	−0.003%	$6.6M	$147.3M	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,317.2	+0.025%	$13.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0179%	8h	85,358	+0.073%	$11.4M	$749.0M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	85,342.5	+0.055%	$694K	$7.9M	30x	as long as short
Aftermath Perps BTCUSDshort	+0.0236%	1h	85,405.7	+0.129%	$79K	$226K	20x
RISEx BTC/USDC	+0.0257%	1h	85,345.6	+0.059%	$8.7M	$43.1M	25x	as long as short