Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.168%
Price spread now: Bluefin against Extended+0.075%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$170.171% of the position
Funding, last 7 days−0.320%−$32 on $10k
+Price spread, last 4 days (all we have)−0.196%−$20 · spread now +0.075%, 7d avg +0.013%
=Together, before fees−0.516%+ Points / potential airdropExtended: Active · farm board−$52 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.061% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTC-USD | 85,498.3 | 0.0104 | pay 0.0013% / 1h | 39m 12s | $44.1M | $227.2M | 50x |
| Short | Bluefin BTC-PERP | 85,562.2 | 0.0100 | get 0.0013% / 1h | 39m 12s | $196K | $721K | 40x |
Extended BTC-USD
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Extended. 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
- −$0.84
- Price spread: +0.075% → +0.013%
- $6.15
- Slippage, 4 orders
- −$5.11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$11.8
- Costs to cover
- 0.171%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Bluefin: live order book, 25 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, 5 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 2.7 bp −$266 | 8.4 bp −$4,224 |
| Sell Bluefin live order book, 25 min ago | 0.88 bp | 6.0 bp −$6 | 11.3 bp −$113 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0160% | 1h | 85,585 | +0.101% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,598 | +0.117% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,548.7 | +0.059% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0033% | 8h | 85,520.2 | +0.026% | $414.8M | $661.8M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,596 | +0.114% | $16.7M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,541.2 | +0.050% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0009% | 1h | 85,546.6 | +0.056% | $22.7M | $221.4M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0012% | 8h | 85,540.5 | +0.049% | $917.9M | $753.2M | 125x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,550.2 | +0.061% | $515.5M | $1.11B | 200x | as long as short |
| BingX BTC-USDT | +0.0054% | 8h | 85,536.5 | +0.045% | — | $1.54B | — | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERP
KuCoin XBTUSDTM
Aster BTCUSDT
BingX BTC-USDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTC-USDT | +0.0066% | 8h | 85,525 | +0.031% | $2.27B | $932.7M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0067% | 1h | 85,546.8 | +0.057% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0067% | 8h | 85,521.7 | +0.027% | $2.95B | $5.02B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0077% | 1h | 85,560.3 | +0.073% | $893.3M | $1.52B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | +0.093% | $340K | $26.9M | 52x | as long as short |
| Phemex BTCUSDT | +0.0079% | 8h | 85,522.4 | +0.028% | $148.2M | $478.5M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,516.6 | +0.021% | $2.5M | $1.7M | 20x | as long as short |
| SunX BTC-USDT | +0.0080% | 8h | 85,526.2 | +0.033% | $2.9M | $6.1M | 100x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,529.4 | +0.036% | $9.32B | $23.88B | 150x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,535.6 | +0.044% | $5.04B | $5.61B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,526.3 | +0.033% | $169.7M | $987.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,529.8 | +0.037% | $23.9M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,547 | +0.057% | $8.4M | $51.9M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,594.3 | +0.112% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,525 | +0.031% | $203K | $7.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,615 | +0.137% | $3.77B | $4.93B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,589.5 | +0.107% | $40.5M | $573.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,541.9 | +0.051% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,525.7 | +0.032% | $2.56B | $12.10B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,534 | +0.042% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,515.2 | +0.020% | $7.2M | $97.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,562.7 | +0.075% | $616.1M | $358.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,545.2 | +0.055% | $5.55B | $10.47B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,571.6 | +0.086% | $35.1M | $171.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,503.7 | +0.006% | $154.4M | $549.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,550.1 | +0.061% | $278.9M | $928.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,591.1 | +0.109% | $214.8M | $164.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,603.5 | +0.123% | $140.0M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,620.2 | +0.143% | $30.3M | $210.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,616.3 | +0.138% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,550 | +0.061% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,538.6 | +0.047% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,516.5 | +0.021% | $2.3M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 85,562.2 | +0.075% | $196K | $721K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,521.8 | +0.028% | $30.0M | $52.5M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,521 | +0.027% | $59.9M | $336.2M | 40x | as long as short |
| Extended BTC-USDlong | +0.0104% | 1h | 85,498.3 | long leg | $44.1M | $227.2M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,583.7 | +0.100% | — | $106.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,556.8 | +0.068% | $130.4M | $5.08B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,575.2 | +0.090% | $8.3M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0139% | 1h | 85,546.2 | +0.056% | $187.9M | $947.1M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0195% | 1h | 85,573.8 | +0.088% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,624.4 | +0.148% | $699K | $7.9M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0180% | 1h | 85,537.9 | +0.046% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0213% | 8h | 85,591 | +0.108% | $10.5M | $760.1M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,596.3 | +0.115% | $522K | $19.4M | 6.7x | as long as short |
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Phemex BTCUSDT
Aevo BTC-PERP
SunX BTC-USDT
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate 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
Derive BTC-PERP
SoDEX BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC