BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Extended+0.039%7-day average +0.045% · 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−$14as in the Price arb table

costs, in and out, $10k−$130.132% of the position

Long on Extended Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.088%−$9 on $10k

Price spread, last 3 days (all we have)+0.005%+$1 · spread now +0.039%, 7d avg +0.045%

Together, before fees−0.083%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, 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	86,257.3	0.0104	pay 0.0013% / 1h	10m 12s	$45.6M	$226.3M	50x
Short	gTrade (Gains Network) BTC/USD	86,290.8	L +0.0005% / S −0.0004%	get 0.0001% / 1h	10m 12s	$36.7M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.039%Rate

Funding earned: −$20.9
Price spread: +0.039% → +0.045%: −$0.59
Slippage, 4 orders: −$1.18
Fee Extended: 2.5 bp × 2 orders: −$5
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$34.67
Costs to cover: 0.132%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 4 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, 4 min ago	0.06 bp	2.6 bp −$3	2.6 bp −$26	2.6 bp −$257	8.0 bp −$4,001
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$446	6.4 bp −$3,182

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
Bluefin BTC-PERP	−0.0609%	1h	86,288.3	+0.036%	$140K	$620K	40x	as long as short
Phoenix BTC	−0.0159%	1h	86,356	+0.114%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,314	+0.066%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,304.3	+0.055%	$359K	$2.5M	50x	as long as short
Aster BTCUSDT	−0.0012%	8h	86,284.1	+0.031%	$502.8M	$1.15B	200x	as long as short
KuCoin XBTUSDTM	+0.0004%	8h	86,298.1	+0.047%	$850.9M	$712.1M	125x	as long as short
gTrade (Gains Network) BTC/USDshort	L +0.0005% / S −0.0004%	1h	86,290.8	+0.039%	$36.7M	—	200x
dYdX BTC-USD	+0.0005%	1h	86,353.5	+0.112%	$16.9M	$21.1M	50x	as long as short
RISEx BTC/USDC	+0.0006%	1h	86,302.3	+0.052%	$8.4M	$42.8M	25x	as long as short
Reya BTCRUSDPERP	+0.0023%	1h	86,257.5	0.000%	$6.7M	$145.0M	40x	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	+0.0024%	1h	86,360	+0.119%	$332K	$26.8M	52x	as long as short
BingX BTC-USDC	+0.0037%	8h	86,263.4	+0.007%	—	$15.4M	—	as long as short
Phemex BTCUSDT	+0.0043%	8h	86,295	+0.044%	$150.0M	$476.8M	150x	as long as short
Bitget BTCUSDT	+0.0046%	8h	86,272.3	+0.017%	$2.94B	$5.11B	150x	as long as short
Aftermath Perps BTCUSD	+0.0048%	1h	86,397.1	+0.162%	$80K	$219K	20x	as long as short
Deribit BTC-PERPETUAL	+0.0056%	1h	86,314.5	+0.066%	$917.7M	$1.49B	50x	as long as short
MEXC BTC_USDT	+0.0063%	8h	86,270.7	+0.016%	$5.13B	$5.71B	500x	as long as short
Binance BTCUSDT	+0.0064%	8h	86,299.3	+0.049%	$9.41B	$24.46B	150x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,264.2	+0.008%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0079%	8h	86,277.5	+0.023%	$5.84B	$10.75B	200x	as long as short
Bybit BTCUSDT	+0.0094%	8h	86,303.6	+0.054%	$5.25B	$9.79B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,298.9	+0.048%	$170.2M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,310	+0.061%	$24.0M	$152.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,298	+0.047%	$8.4M	$52.4M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,281	+0.028%	$201K	$6.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,336.9	+0.092%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,321	+0.074%	$21.6M	$234.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,356	+0.114%	$3.79B	$5.10B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,338.3	+0.094%	$40.7M	$513.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,300	+0.050%	$2.53B	$12.71B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,299	+0.048%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,359.5	+0.119%	$7.8M	$94.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,320.9	+0.074%	$570.7M	$18.4M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,317.1	+0.069%	$37.8M	$154.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,316.3	+0.068%	$155.5M	$568.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,350.3	+0.108%	$279.1M	$943.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,358.3	+0.117%	$217.0M	$174.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,353.6	+0.112%	$141.2M	$323.8M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,332.2	+0.087%	$30.6M	$204.0M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,350.2	+0.108%	—	$11.7M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,285	+0.032%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,279	+0.025%	$191K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,280.9	+0.027%	$2.4M	$8.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,294.7	+0.043%	$30.6M	$62.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,300.4	+0.050%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,277	+0.023%	$60.3M	$337.3M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,268.1	+0.013%	$2.29B	$968.7M	200x	as long as short
Extended BTC-USDlong	+0.0104%	1h	86,257.3	long leg	$45.6M	$226.3M	50x
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,315.3	+0.067%	—	$98.9M	500x	as long as short
Perpl BTC	+0.0112%	43m	86,328.8	+0.083%	$420K	$23.6M	6.7x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,322	+0.075%	$131.1M	$5.68B	50x	as long as short
Hibachi BTC/USDT-P	+0.0120%	1h	86,390.4	+0.154%	$719K	$8.1M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,314.2	+0.066%	$191.0M	$945.5M	100x	as long as short
BloFin BTC-USDT	+0.0184%	8h	86,337.9	+0.093%	$414.2M	$653.4M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0187% / S −0.0209%	1h	86,284.5	+0.032%	$15.1M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0198%	8h	86,321	+0.074%	$9.8M	$735.1M	6.4x	as long as short