Funding you earn now, next payment 00:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.064%
Price spread now: Coinbase International against Hotstuff+0.109%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.109% dearer against Hotstuff than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BTC-PERP | 86,373 | −0.0080 | get 0.0010% / 1h | 41m 40s | $9K | $3K | 50x |
| Short | Coinbase International BTC-PERP-INTX | 86,466.9 | 0.0120 | get 0.0015% / 1h | 41m 40s | $132.5M | $5.49B | 50x |
Hotstuff BTC-PERP
Coinbase International BTC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Hotstuff. 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
- $42
- Price spread: +0.109% → 0.000%
- $10.87
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $37.87
- Costs to cover
- 0.150%
- Break-even
- 0.7 days
Slippage unknown: Hotstuff: no order-book sample; Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.6 bp −$562 | 13.4 bp −$6,710 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0129% | 1h | 86,400 | +0.031% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 86,373 | long leg | $9K | $3K | 50x | |
| Phemex BTCUSDT | −0.0043% | 8h | 86,427 | +0.063% | $153.7M | $476.4M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,363.8 | −0.011% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,446.3 | +0.085% | $457K | $21.9M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,456.8 | +0.097% | $903.6M | $1.51B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,450.6 | +0.090% | $36.9M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0020% | 1h | 86,402.9 | +0.035% | $16.9M | $20.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0021% | 8h | 86,377.4 | +0.005% | $501.0M | $1.14B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,616 | +0.281% | $333K | $26.9M | 52x | as long as short |
Phoenix BTC
Phemex BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Aster BTCUSDT
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XBTUSDTM | +0.0035% | 8h | 86,372.3 | −0.001% | $831.0M | $723.5M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0043% | 1h | 86,429.4 | +0.065% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDC | +0.0048% | 8h | 86,342.3 | −0.036% | — | $15.3M | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,367.6 | −0.006% | $8.3M | $42.6M | 25x | as long as short |
| Bitget BTCUSDT | +0.0062% | 8h | 86,352.3 | −0.024% | $2.97B | $5.06B | 150x | as long as short |
| MEXC BTC_USDT | +0.0078% | 8h | 86,350.1 | −0.027% | $5.13B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0079% | 8h | 86,354.4 | −0.022% | $9.40B | $24.40B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,410 | +0.043% | $2.5M | $1.6M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,366.2 | −0.008% | $170.1M | $983.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,379.4 | +0.007% | $23.7M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,355 | −0.021% | $8.4M | $52.1M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,331 | −0.049% | $201K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,379 | +0.007% | $4.7M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,380.1 | +0.008% | $22.0M | $230.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,440 | +0.078% | $3.79B | $5.05B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,393 | +0.023% | $40.7M | $546.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,360.8 | −0.014% | $5.25B | $9.71B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,372.6 | 0.000% | $2.56B | $12.55B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,361 | −0.014% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,387.7 | +0.017% | $7.2M | $95.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,358.3 | −0.017% | $5.82B | $10.51B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,431 | +0.067% | $37.4M | $156.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,385.8 | +0.015% | $158.2M | $567.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,429.4 | +0.065% | $279.2M | $949.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,468.6 | +0.111% | $217.0M | $165.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,422.4 | +0.057% | $141.5M | $322.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,422.8 | +0.058% | $30.7M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,478.6 | +0.122% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,432 | +0.068% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,434.2 | +0.071% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,429.5 | +0.065% | $2.5M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,465.8 | +0.107% | $144K | $667K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,459.1 | +0.100% | $30.5M | $62.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,441.1 | +0.079% | $3.4M | $5.2M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,428 | +0.064% | $60.4M | $338.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,425.1 | +0.060% | $2.29B | $964.6M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,336.3 | −0.043% | $571.6M | $13.0M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,338 | −0.040% | $45.9M | $222.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,448.1 | +0.087% | — | $99.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTXshort | +0.0120% | 1h | 86,466.9 | +0.109% | $132.5M | $5.49B | 50x | |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,453 | +0.093% | $192.3M | $944.8M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0160% | 1h | 86,498.6 | +0.145% | $712K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0164% | 1h | 86,438.1 | +0.075% | $78K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0199% | 8h | 86,461.6 | +0.103% | $414.9M | $651.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0216% | 1h | 86,442.9 | +0.081% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 86,458 | +0.098% | $9.9M | $761.6M | 6.4x | as long as short |
KuCoin XBTUSDTM
Reya BTCRUSDPERP
BingX BTC-USDC
RISEx BTC/USDC
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP