BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.027%

Price spread now: StandX against gTrade (Gains Network)−0.083%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−$27as in the Price arb table

costs, in and out, $10k−$180.185% of the position

Long on gTrade (Gains Network)Short on StandX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.083%+$8 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.083%, 7d avg +0.001%

Together, before fees+0.152%+ Points / potential airdropStandX: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.084% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.001%). If the spread goes back, that is −$8 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BTC/USD	85,571.6	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	44m 06s	$36.5M	—	200x
Short	StandX BTC-USD	85,500.4	0.0100	get 0.0013% / 1h	44m 06s	$30.2M	$207.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 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 gTrade (Gains Network)bpFee StandXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $20.02
Price spread: −0.083% → +0.001%: −$8.44
Slippage, 4 orders: −$3.49
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee StandX: 4 bp × 2 orders: −$8
Net: −$6.91
Costs to cover: 0.185%
Break-even: 9.4 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; StandX: live order book, 5 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), 5 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$447	6.4 bp −$3,183
Sell StandX live order book, 5 min ago	1.23 bp	5.2 bp −$5	6.7 bp −$67	8.1 bp −$808	10.5 bp −$5,231

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	−0.0679%	1h	85,601.7	+0.035%	$207K	$738K	40x	as long as short
Phoenix BTC	−0.0179%	1h	85,410	−0.189%	$2.2M	$10.3M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,507	−0.075%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	85,540.8	−0.036%	$366K	$2.3M	50x	as long as short
BloFin BTC-USDT	−0.0032%	8h	85,503.7	−0.079%	$417.0M	$665.6M	150x	as long as short
KuCoin XBTUSDTM	−0.0005%	8h	85,544.6	−0.032%	$919.8M	$750.5M	125x	as long as short
dYdX BTC-USD	0.0000%	1h	85,499.7	−0.084%	$16.7M	$21.2M	50x	as long as short
gTrade (Gains Network) BTC/USDlong	L +0.0005% / S −0.0004%	1h	85,571.6	long leg	$36.5M	—	200x
Aster BTCUSDT	+0.0012%	8h	85,528	−0.051%	$515.4M	$1.10B	200x	as long as short
Arcus BTC-USD	+0.0021%	1h	85,532.9	−0.045%	$6.9M	$97.2M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BTC-PERP	+0.0054%	1h	85,492.1	−0.093%	$22.7M	$219.2M	50x	as long as short
BingX BTC-USDC	+0.0060%	8h	85,550.9	−0.024%	—	$17.1M	—	as long as short
Bitget BTCUSDT	+0.0075%	8h	85,539.3	−0.038%	$2.96B	$5.03B	150x	as long as short
Reya BTCRUSDPERP	+0.0078%	1h	85,543.5	−0.033%	$6.7M	$146.6M	40x	as long as short
MEXC BTC_USDT	+0.0088%	8h	85,568.7	−0.003%	$5.05B	$5.58B	500x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,557.8	−0.016%	$2.5M	$1.7M	20x	as long as short
Binance BTCUSDT	+0.0089%	8h	85,555.9	−0.018%	$9.35B	$24.02B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,571.7	0.000%	$173.8M	$1.00B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,579.8	+0.010%	$23.8M	$148.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,558	−0.016%	$8.4M	$52.6M	100x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,576.2	+0.005%	$4.1M	$8.5M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,532	−0.046%	$229K	$8.0M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,645	+0.086%	$3.75B	$4.98B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,550.4	−0.025%	$40.1M	$575.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,551.3	−0.024%	$5.25B	$9.66B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,551.9	−0.023%	$2.58B	$12.10B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,555	−0.019%	$3.9M	$18.0M	25x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,569.9	−0.002%	$5.54B	$10.59B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,559.7	−0.014%	$35.8M	$176.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,466.8	−0.122%	$153.8M	$563.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,507.5	−0.075%	$279.3M	$919.2M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,550.2	−0.025%	$214.8M	$166.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,562.7	−0.010%	$139.9M	$314.7M	100x	as long as short
StandX BTC-USDshort	+0.0100%	1h	85,500.4	−0.083%	$30.2M	$207.5M	40x
Vest BTC-PERP	+0.0100%	1h	85,589.8	+0.021%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,545	−0.031%	$11.0M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,560.9	−0.012%	$194K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,563.1	−0.010%	$2.3M	$8.8M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,556.6	−0.018%	$30.0M	$50.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,526.6	−0.053%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,563	−0.010%	$60.0M	$336.1M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,550	−0.025%	$2.27B	$940.3M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,563.8	−0.009%	$150.7M	$483.6M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,513.6	−0.068%	$649.6M	$594.9M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,517.5	−0.063%	$44.5M	$226.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,560.7	−0.013%	—	$106.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,599.7	+0.033%	$117.3M	$5.16B	50x	as long as short
Injective BTC/USDC PERP	+0.0150%	1h	85,472	−0.116%	$339K	$26.9M	52x	as long as short
Kraken Futures PF_XBTUSD	+0.0170%	1h	85,588.8	+0.020%	$189.0M	$953.5M	100x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,566.6	−0.006%	$13.4M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0185%	1h	85,608.2	+0.043%	$893.7M	$1.53B	50x	as long as short
Hibachi BTC/USDT-P	+0.0192%	1h	85,542.3	−0.034%	$693K	$7.8M	30x	as long as short
RISEx BTC/USDC	+0.0194%	1h	85,579.9	+0.010%	$8.3M	$42.4M	25x	as long as short
Aftermath Perps BTCUSD	+0.0204%	1h	85,583.3	+0.014%	$78K	$219K	20x	as long as short
Kalshi KXBTCPERP	+0.0217%	8h	85,583	+0.013%	$10.5M	$758.9M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,564.9	−0.008%	$498K	$18.9M	6.7x	as long as short