Funding you earn now, next payment 06:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.036%
Price spread now: 01 Exchange against Extended+0.051%7-day average +0.033% · 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−$13as in the Price arb table
costs, in and out, $10k−$150.146% of the position
Funding, last 4 days (all we have)−0.102%−$10 on $10k
+Price spread, last 7 days−0.026%−$3 · spread now +0.051%, 7d avg +0.033%
=Together, before fees−0.128%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$4 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 | 85,076.6 | 0.0104 | pay 0.0013% / 1h | 23m 38s | $45.2M | $239.0M | 50x |
| Short | 01 Exchange BTCUSD | 85,119.9 | −0.0016 | pay 0.0002% / 1h | 23m 38s | $372K | $2.4M | 50x |
Extended BTC-USD
01 Exchange BTCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$25.2
- Price spread: +0.051% → +0.033%
- $1.76
- Slippage, 4 orders
- −$2.59
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$38.03
- Costs to cover
- 0.146%
- Break-even
- never at this rate
Slippage from Extended: live order book, 6 min ago; 01 Exchange: 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, 6 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 2.9 bp −$285 | 8.9 bp −$4,448 |
| Sell 01 Exchange live order book, 1 min ago | 0.01 bp | 3.9 bp −$4 | 9.2 bp −$92 | 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 | 85,145 | +0.080% | $523K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,134 | +0.067% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,150 | +0.086% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,106.2 | +0.035% | $921.0M | $763.7M | 125x | as long as short |
| BloFin BTC-USDT | −0.0036% | 8h | 85,188.1 | +0.131% | $419.5M | $679.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0016% | 8h | 85,111 | +0.040% | $511.7M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSDshort | −0.0016% | 1h | 85,119.9 | +0.051% | $372K | $2.4M | 50x | |
| dYdX BTC-USD | +0.0001% | 1h | 85,176 | +0.117% | $16.7M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,175.8 | +0.117% | $36.4M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | +0.174% | $338K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0033% | 1h | 85,148.9 | +0.085% | $24.7M | $222.5M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,193.3 | +0.137% | $186.9M | $953.8M | 100x | as long as short |
| BingX BTC-USDT | +0.0067% | 8h | 85,098.9 | +0.026% | — | $1.56B | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0072% | 1h | 85,213.8 | +0.161% | $867.5M | $1.61B | 50x | as long as short |
| Phemex BTCUSDT | +0.0077% | 8h | 85,165.6 | +0.105% | $147.5M | $504.8M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,172.7 | +0.113% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0084% | 8h | 85,106.6 | +0.035% | $5.04B | $5.72B | 500x | as long as short |
| Bitget BTCUSDT | +0.0085% | 8h | 85,094.8 | +0.021% | $2.94B | $5.15B | 150x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,122.8 | +0.054% | $9.41B | $24.81B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,126.4 | +0.058% | $170.8M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,130.6 | +0.063% | $23.6M | $148.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,176 | +0.117% | $8.3M | $55.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,218 | +0.166% | $116.9M | $5.38B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,075 | −0.002% | $238K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,186.7 | +0.129% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,210 | +0.157% | $3.74B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,151.2 | +0.088% | $40.1M | $599.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,100.6 | +0.028% | $5.14B | $9.93B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,100 | +0.027% | $2.57B | $12.16B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,107 | +0.036% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,109.5 | +0.039% | $4.6M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,183.8 | +0.126% | $678.4M | $603.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,115.9 | +0.046% | $5.51B | $10.98B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,149.8 | +0.086% | $36.3M | $176.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,082 | +0.006% | $154.2M | $566.7M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,094.5 | +0.021% | $278.9M | $945.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,198.3 | +0.143% | $214.1M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,090.5 | +0.016% | $139.1M | $315.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,166 | +0.105% | $30.1M | $206.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,230.5 | +0.181% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,162 | +0.100% | $11.0M | $14.4M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,168 | +0.107% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,173.2 | +0.113% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,217.4 | +0.165% | $228K | $760K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,152.4 | +0.089% | $29.9M | $48.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,158.9 | +0.097% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,182 | +0.124% | $59.6M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,158.9 | +0.097% | $2.25B | $941.6M | 200x | as long as short |
| Extended BTC-USDlong | +0.0104% | 1h | 85,076.6 | long leg | $45.2M | $239.0M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,177.8 | +0.119% | — | $106.9M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0115% | 1h | 85,157.1 | +0.095% | $6.6M | $147.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,173.2 | +0.113% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0179% | 8h | 85,181 | +0.123% | $11.5M | $744.0M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0221% | 1h | 85,190.3 | +0.134% | $78K | $226K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,206.5 | +0.153% | $687K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,124.7 | +0.057% | $8.7M | $43.2M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Deribit BTC-PERPETUAL
Phemex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Bitget BTCUSDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Paradex BTC-USD-PERP
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC