Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%
Price spread now: dYdX against gTrade (Gains Network)−0.019%7-day average +0.001% · 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−$39as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 3 days (all we have)−0.004%$0 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.019%, 7d avg +0.001%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BTC/USD | 85,701.7 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 32m 21s | $36.6M | — | 200x |
| Short | dYdX BTC-USD | 85,685.8 | 0.0000 | get 0.0000% / 1h | 32m 21s | $16.8M | $21.0M | 50x |
gTrade (Gains Network) BTC/USD
dYdX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$0.93
- Price spread: −0.019% → +0.001%
- −$1.97
- Slippage, 4 orders
- −$20.4
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$40.3
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; dYdX: live order book, 2 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 venue), 2 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,181 |
| Sell dYdX live order book, 2 min ago | 7.71 bp | 12.7 bp −$13 | 12.7 bp −$127 | 24.2 bp −$2,425 | 69.2 bp −$34.6K |
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 | 85,662 | −0.046% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,712 | +0.012% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,685.6 | −0.019% | $370K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,695.3 | −0.007% | $416.8M | $664.2M | 150x | as long as short |
| dYdX BTC-USDshort | 0.0000% | 1h | 85,685.8 | −0.019% | $16.8M | $21.0M | 50x | |
| gTrade (Gains Network) BTC/USDlong | L +0.0004% / S −0.0004% | 1h | 85,701.7 | long leg | $36.6M | — | 200x | |
| Nado BTC-PERP | +0.0011% | 1h | 85,701.3 | −0.001% | $22.9M | $221.3M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0011% | 8h | 85,687.9 | −0.016% | $918.3M | $753.0M | 125x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,693.4 | −0.010% | $516.4M | $1.11B | 200x | as long as short |
| Bluefin BTC-PERP | +0.0041% | 1h | 85,717.5 | +0.018% | $196K | $722K | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
Nado BTC-PERP
KuCoin XBTUSDTM
Aster BTCUSDT
Bluefin BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0054% | 8h | 85,686.1 | −0.018% | — | $17.0M | — | as long as short |
| Bitget BTCUSDT | +0.0068% | 8h | 85,676.2 | −0.030% | $2.95B | $5.02B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0068% | 1h | 85,690.9 | −0.013% | $6.7M | $146.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0073% | 8h | 85,680.2 | −0.025% | $2.27B | $935.3M | 200x | as long as short |
| Phemex BTCUSDT | +0.0078% | 8h | 85,680.1 | −0.025% | $147.9M | $479.0M | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | −0.144% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,675 | −0.031% | $2.5M | $1.7M | 20x | as long as short |
| Deribit BTC-PERPETUAL | +0.0084% | 1h | 85,716.8 | +0.018% | $892.5M | $1.52B | 50x | as long as short |
| SunX BTC-USDT | +0.0086% | 8h | 85,682.4 | −0.023% | $2.9M | $6.1M | 100x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,698.5 | −0.004% | $5.05B | $5.62B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,694.2 | −0.009% | $9.35B | $23.91B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,685.9 | −0.018% | $170.2M | $989.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,689.1 | −0.015% | $23.9M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,704 | +0.003% | $8.4M | $52.0M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,738.7 | +0.043% | $3.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,673 | −0.033% | $196K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,770 | +0.080% | $3.78B | $4.94B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,728.8 | +0.032% | $40.5M | $573.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,705.6 | +0.005% | $5.34B | $9.58B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,690.1 | −0.014% | $2.57B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,705 | +0.004% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,662.5 | −0.046% | $7.2M | $96.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,698.3 | −0.004% | $5.56B | $10.50B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,692.2 | −0.011% | $35.5M | $172.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,622.5 | −0.092% | $155.0M | $548.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,599.5 | −0.119% | $279.3M | $929.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,645.6 | −0.065% | $214.9M | $166.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,618.1 | −0.098% | $140.2M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,683.1 | −0.022% | $30.3M | $210.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,750.6 | +0.057% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,697 | −0.005% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,699 | −0.003% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,685.6 | −0.019% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,676.1 | −0.030% | $30.0M | $50.9M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,681 | −0.024% | $60.0M | $336.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,614.4 | −0.102% | $621.3M | $398.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,656.1 | −0.053% | $44.1M | $227.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,707.1 | +0.006% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,716.5 | +0.017% | $130.5M | $5.11B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,730.4 | +0.033% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,701.2 | −0.001% | $188.8M | $950.3M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0194% | 1h | 85,650.4 | −0.060% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0179% | 1h | 85,699.1 | −0.003% | $13.6M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,723.6 | +0.026% | $702K | $7.9M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0215% | 8h | 85,721 | +0.023% | $10.4M | $760.2M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,713.3 | +0.014% | $519K | $19.4M | 6.7x | as long as short |
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
HTX BTC-USDT
Phemex BTCUSDT
Injective BTC/USDC PERP
Aevo BTC-PERP
Deribit BTC-PERPETUAL
SunX BTC-USDT
MEXC BTC_USDT
Binance BTCUSDT
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
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
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC