BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0316%/8h= +34.6% APRnext payment +$0.39 per $10,000 · paid last 24h +0.060%

Price spread now: Aftermath Perps against Hotstuff+0.198%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aftermath Perps is 0.198% dearer against Hotstuff than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	Hotstuff BTC-PERP	85,209	−0.0080	get 0.0010% / 1h	40m 37s	$8K	$3K	50x
Short	Aftermath Perps BTCUSD	85,377.5	0.0236	get 0.0029% / 1h	40m 37s	$79K	$226K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Hotstuff. 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 HotstuffbpFee Aftermath PerpsbpOrdersPrice spread, now +0.198%Rate

Funding earned: $66.33
Price spread: +0.198% → 0.000%: $19.77
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $72.1
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Aftermath Perps: live order book, 9 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aftermath Perps live order book, 9 min ago	0.58 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	85,299.2	+0.106%	$528K	$18.8M	6.7x	as long as short
Phoenix BTC	−0.0111%	1h	85,377	+0.197%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERPlong	−0.0080%	1h	85,209	long leg	$8K	$3K	50x
KuCoin XBTUSDTM	−0.0054%	8h	85,204.9	−0.005%	$920.8M	$762.0M	125x	as long as short
BloFin BTC-USDT	−0.0034%	8h	85,214.6	+0.007%	$420.2M	$678.7M	150x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	85,209.3	0.000%	$381K	$2.3M	50x	as long as short
Aster BTCUSDT	−0.0015%	8h	85,191.6	−0.020%	$512.4M	$1.10B	200x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,238.9	+0.035%	$16.7M	$21.7M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,262.7	+0.063%	$36.4M	—	200x	as long as short
Nado BTC-PERP	+0.0011%	1h	85,192.8	−0.019%	$24.5M	$222.7M	50x	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	+0.0023%	1h	85,449	+0.282%	$339K	$26.8M	52x	as long as short
SoDEX BTC-USD	+0.0035%	1h	85,243	+0.040%	$59.7M	$335.8M	40x	as long as short
Kraken Futures PF_XBTUSD	+0.0056%	1h	85,264.5	+0.065%	$187.7M	$955.6M	100x	as long as short
Bullet BTC-USD	+0.0062%	1h	85,248	+0.046%	$204K	$3.3M	20x	as long as short
BingX BTC-USDT	+0.0066%	8h	85,194.6	−0.017%	—	$1.56B	—	as long as short
Phemex BTCUSDT	+0.0071%	8h	85,243.3	+0.040%	$149.3M	$501.9M	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,239.7	+0.036%	$2.4M	$6.7M	20x	as long as short
Bitget BTCUSDT	+0.0082%	8h	85,193.2	−0.019%	$2.95B	$5.17B	150x	as long as short
Binance BTCUSDT	+0.0085%	8h	85,205.7	−0.004%	$9.42B	$24.79B	150x	as long as short
MEXC BTC_USDT	+0.0086%	8h	85,205	−0.005%	$5.06B	$5.68B	500x	as long as short
Lighter BTC	+0.0096%	1h	85,215.1	+0.007%	$171.3M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,209.4	0.000%	$23.7M	$147.7M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,200	−0.011%	$8.3M	$55.5M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0096%	1h	85,287.1	+0.092%	$117.0M	$5.32B	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,177	−0.038%	$239K	$8.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,266.6	+0.068%	$5.6M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,291.5	+0.097%	$3.76B	$5.05B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,242.3	+0.039%	$40.0M	$595.0M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,202.7	−0.007%	$5.15B	$9.92B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,215.4	+0.008%	$2.57B	$12.16B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,199	−0.012%	$3.8M	$17.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,203.8	−0.006%	$4.6M	$99.1M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,324.1	+0.135%	$679.5M	$626.7M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,199.1	−0.012%	$5.51B	$10.85B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,207	−0.002%	$36.0M	$174.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,226.6	+0.021%	$154.6M	$565.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,305.9	+0.114%	$279.2M	$939.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,382.3	+0.203%	$214.6M	$168.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,308.3	+0.117%	$139.4M	$315.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,283	+0.087%	$30.1M	$206.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,348.6	+0.164%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,276	+0.079%	$11.0M	$14.4M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,245.1	+0.042%	$2.3M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,288.1	+0.093%	$206K	$739K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,230.4	+0.025%	$30.0M	$50.3M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,230.5	+0.025%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,220.5	+0.013%	$2.26B	$953.5M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,164.3	−0.053%	$45.5M	$237.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,293.8	+0.100%	—	$106.9M	500x	as long as short
Reya BTCRUSDPERP	+0.0111%	1h	85,269	+0.070%	$6.6M	$147.4M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0138%	1h	85,293.6	+0.099%	$872.2M	$1.60B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,261.1	+0.061%	$13.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0177%	8h	85,292	+0.097%	$11.3M	$749.2M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	85,337.9	+0.151%	$694K	$7.9M	30x	as long as short
Aftermath Perps BTCUSDshort	+0.0236%	1h	85,377.5	+0.198%	$79K	$226K	20x
RISEx BTC/USDC	+0.0257%	1h	85,227.4	+0.022%	$8.7M	$43.1M	25x	as long as short