Funding you earn now, next payment 11:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h +0.010%
Price spread now: BloFin against gTrade (Gains Network)−0.025%70s7-day average −0.013% · you buy dearer than you sell
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−$200.204% of the position
Funding, last 4 days (all we have)+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.025%, 7d avg −0.013%
=The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 70 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 | gTrade (Gains Network) BTC/USD | 85,862.8 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 30m 08s | $36.7M | — | 200x |
| Short | BloFin BTC-USDT | 85,841 | −0.0034 | pay 0.0034% / 8h | 5h 30m | $422.1M | $555.8M | 150x |
gTrade (Gains Network) BTC/USD
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against gTrade (Gains Network). 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
- −$8.06
- Price spread: −0.025% → −0.013%
- −$1.23
- Slippage, 4 orders
- −$1.39
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$29.68
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle exchange), 2 min ago; BloFin: live order book, 12 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 gTrade (Gains Network) virtual book (oracle exchange), 2 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,181 |
| Sell BloFin live order book, 12 min ago | 0.01 bp | 6.1 bp −$6 | 6.2 bp −$62 | 6.5 bp −$652 | 7.8 bp −$3,914 |
BTC on 55 exchanges
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 | −0.0133% | 1h | 85,846 | −0.020% | $2.0M | $7.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,110 | +0.288% | $8K | $2K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,838.6 | −0.028% | $366K | $2.0M | 50x | as long as short |
| SoDEX BTC-USD | −0.0037% | 1h | 85,841 | −0.025% | $65.8M | $187.8M | 40x | as long as short |
| BloFin BTC-USDTshort | −0.0034% | 8h | 85,841 | −0.025% | $422.1M | $555.8M | 150x | |
| dYdX BTC-USD | 0.0000% | 1h | 85,865.6 | +0.003% | $16.8M | $14.1M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,853.6 | −0.011% | $470K | $13.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USDlong | L +0.0004% / S −0.0004% | 1h | 85,862.8 | long leg | $36.7M | — | 200x | |
| Injective BTC/USDC PERP | +0.0009% | 1h | 85,803 | −0.070% | $300K | $27.5M | 52x | as long as short |
| Bluefin BTC-PERP | +0.0016% | 1h | 85,898 | +0.041% | $194K | $556K | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
SoDEX BTC-USD
dYdX BTC-USD
Perpl BTC
Injective BTC/USDC PERP
Bluefin BTC-PERPShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0018% | 8h | 85,849.1 | −0.016% | $511.4M | $871.3M | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0030% | 1h | 85,844.3 | −0.021% | $192.4M | $757.7M | 100x | as long as short |
| Popdex BTCUSDT | +0.0032% | 1h | 85,843 | −0.023% | $8.5M | $45.5M | 100x | as long as short |
| BingX BTC-USDC | +0.0032% | 8h | 85,841.2 | −0.025% | — | $16.3M | — | as long as short |
| Bybit BTCUSDT | +0.0042% | 8h | 85,859.2 | −0.004% | $5.13B | $8.08B | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0053% | 8h | 85,849.7 | −0.015% | $936.0M | $640.6M | 125x | as long as short |
| ApeX Omni BTCUSDT | +0.0055% | 1h | 85,918.8 | +0.065% | $138.0M | $292.2M | 100x | as long as short |
| Gate BTC_USDT | +0.0065% | 8h | 85,862.7 | 0.000% | $5.50B | $8.96B | 200x | as long as short |
| Phemex BTCUSDT | +0.0070% | 8h | 85,821.7 | −0.048% | $169.0M | $476.6M | 150x | as long as short |
| HTX BTC-USDT | +0.0079% | 8h | 85,830.7 | −0.037% | $2.27B | $798.4M | 200x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,836.5 | −0.031% | $2.4M | $6.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,854.7 | −0.009% | $5.16B | $4.87B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,827.8 | −0.041% | $9.41B | $20.46B | 150x | as long as short |
| Bullet BTC-USD | +0.0086% | 1h | 85,862.9 | 0.000% | $209K | $3.2M | 20x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,856.6 | −0.007% | $2.98B | $3.93B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,841.5 | −0.025% | $172.5M | $863.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,845.4 | −0.020% | $23.6M | $120.6M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,815 | −0.056% | $219K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,879.4 | +0.019% | $6.0M | $7.4M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,842.9 | −0.023% | $23.4M | $193.4M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,882.7 | +0.023% | $40.2M | $569.9M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,868 | +0.006% | $2.62B | $9.41B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,827 | −0.042% | $3.9M | $15.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,856.7 | −0.007% | $4.8M | $91.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,810.7 | −0.061% | $38.0M | $195.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,827.8 | −0.041% | $157.4M | $475.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,825 | −0.044% | $289.2M | $764.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,996.6 | +0.156% | $216.1M | $135.0M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,847 | −0.018% | $30.2M | $224.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,897.7 | +0.041% | — | $10.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,852 | −0.013% | $11.1M | $12.0M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,845.8 | −0.020% | $2.6M | $8.9M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,824.5 | −0.045% | $3.3M | $6.7M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,956.9 | +0.110% | $714.6M | $116.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,814 | −0.057% | $47.0M | $194.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,833.6 | −0.034% | — | $80.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,877.5 | +0.017% | $112.2M | $4.94B | 50x | as long as short |
| Hyperliquid BTC | +0.0158% | 1h | 85,949 | +0.100% | $3.95B | $4.27B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0158% | 8h | 85,868 | +0.006% | $12.0M | $738.7M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0166% | 1h | 85,825.5 | −0.043% | $6.6M | $131.1M | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 85,867 | +0.005% | $8.9M | $36.4M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0212% / S −0.0254% | 1h | 85,871 | +0.010% | $15.6M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0215% | 1h | 85,899.9 | +0.043% | $819.8M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0336% | 1h | 85,880.4 | +0.020% | $712K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0423% | 1h | 85,919.9 | +0.067% | $79K | $241K | 20x | as long as short |
Aster BTCUSDT
Kraken Futures PF_XBTUSD
Popdex BTCUSDT
BingX BTC-USDC
Bybit BTCUSDT
KuCoin XBTUSDTM
ApeX Omni BTCUSDT
Gate BTC_USDT
Phemex BTCUSDT
HTX BTC-USDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Bullet BTC-USD
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Kalshi KXBTCPERP
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD