Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: Deribit against Extended+0.073%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$120.122% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 3 days (all we have)−0.072%−$7 · spread now +0.073%, 7d avg +0.082%
=Together, before fees−0.122%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.082%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTC-USD | 86,517.3 | 0.0104 | pay 0.0013% / 1h | 52m 52s | $46.4M | $226.5M | 50x |
| Short | Deribit BTC-PERPETUAL | 86,580.3 | 0 | get 0.0000% / 1h | 52m 52s | $926.0M | $1.47B | 50x |
Extended BTC-USD
Deribit BTC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21.84
- Price spread: +0.073% → +0.082%
- −$0.9
- Slippage, 4 orders
- −$0.17
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$34.92
- Costs to cover
- 0.122%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; Deribit: live order book, 1 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, 1 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 2.6 bp −$256 | 7.5 bp −$3,746 |
| Sell Deribit live order book, 1 min ago | 0.03 bp | 3.5 bp −$4 | 3.5 bp −$35 | 4.5 bp −$449 | 11.6 bp −$5,814 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0212% | 1h | 86,621.8 | +0.121% | $79K | $197K | 20x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,601 | +0.097% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,616 | +0.114% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0027% | 1h | 86,634.2 | +0.135% | $17.6M | $20.6M | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,605.7 | +0.102% | $359K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 86,545.9 | +0.033% | $505.3M | $1.16B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,602.9 | +0.099% | $421K | $24.2M | 6.7x | as long as short |
| Deribit BTC-PERPETUALshort | 0.0000% | 1h | 86,580.3 | +0.073% | $926.0M | $1.47B | 50x | |
| KuCoin XBTUSDTM | +0.0003% | 8h | 86,522.3 | +0.006% | $850.6M | $709.6M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,587.5 | +0.081% | $36.8M | — | 200x | as long as short |
Aftermath Perps BTCUSD
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0006% | 1h | 86,593.2 | +0.088% | $8.5M | $43.2M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0008% | 1h | 86,638.1 | +0.140% | $725K | $8.1M | 30x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,557.5 | +0.046% | $6.7M | $144.7M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,587 | +0.081% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0029% | 8h | 86,545.6 | +0.033% | $149.6M | $473.5M | 150x | as long as short |
| BingX BTC-USDC | +0.0030% | 8h | 86,526.9 | +0.011% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0038% | 8h | 86,542 | +0.029% | $2.95B | $5.09B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,548.6 | +0.036% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,536.7 | +0.022% | $5.19B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,536.7 | +0.022% | $9.42B | $24.39B | 150x | as long as short |
| SoDEX BTC-USD | +0.0062% | 1h | 86,547 | +0.034% | $60.5M | $336.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,535.5 | +0.021% | $5.85B | $10.62B | 200x | as long as short |
| Bybit BTCUSDT | +0.0087% | 8h | 86,540.2 | +0.026% | $5.27B | $9.74B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,553.7 | +0.042% | $171.9M | $997.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,568 | +0.059% | $24.0M | $151.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,583 | +0.076% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,573 | +0.064% | $205K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,628.8 | +0.129% | $4.8M | $8.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,586.3 | +0.080% | $21.6M | $234.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,619.6 | +0.118% | $3.81B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,626.7 | +0.126% | $41.0M | $499.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,532.5 | +0.018% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,581 | +0.074% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,659.6 | +0.164% | $7.4M | $94.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,590.2 | +0.084% | $572.1M | $20.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,547 | +0.034% | $38.2M | $153.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,582.6 | +0.075% | $156.4M | $568.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,613.4 | +0.111% | $279.8M | $941.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,665.5 | +0.171% | $217.4M | $182.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,648.6 | +0.152% | $141.6M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,637.1 | +0.139% | $30.7M | $203.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,634.1 | +0.135% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,577 | +0.069% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,568 | +0.059% | $193K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,563.9 | +0.054% | $2.4M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,574.1 | +0.066% | $140K | $618K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,548 | +0.035% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,580.8 | +0.073% | $3.4M | $5.5M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,560.1 | +0.049% | $2.30B | $960.6M | 200x | as long as short |
| Extended BTC-USDlong | +0.0104% | 1h | 86,517.3 | long leg | $46.4M | $226.5M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,611.4 | +0.109% | — | $98.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,594.7 | +0.089% | $131.6M | $5.80B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,579.9 | +0.072% | $191.3M | $937.3M | 100x | as long as short |
| BloFin BTC-USDT | +0.0180% | 8h | 86,545.9 | +0.033% | $416.7M | $655.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0210% | 1h | 86,580.8 | +0.073% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0187% | 8h | 86,614 | +0.112% | $9.5M | $726.8M | 6.4x | as long as short |
RISEx BTC/USDC
Hibachi BTC/USDT-P
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP