Funding you earn now, next payment 01:00 UTC+0.0170%/8h= +18.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.081%
Price spread now: Deribit against Hotstuff+0.054%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 +$5 a day on $10k at the current rate, and Deribit is 0.054% dearer against Hotstuff than usual: you sell high and buy low: +$5 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 | 86,160 | −0.0080 | get 0.0010% / 1h | 18m 27s | $9K | $3K | 50x |
| Short | Deribit BTC-PERPETUAL | 86,206.6 | 0.0090 | get 0.0011% / 1h | 18m 27s | $902.2M | $1.51B | 50x |
Hotstuff BTC-PERP
Deribit BTC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $35.77
- Price spread: +0.054% → 0.000%
- $5.41
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $29.18
- Costs to cover
- 0.120%
- Break-even
- 1.3 days
Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 1 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 Deribit live order book, 1 min ago | 0.93 bp | 4.4 bp −$4 | 5.4 bp −$54 | 11.4 bp −$1,139 | 24.2 bp −$12.1K |
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 | 86,359 | +0.231% | $2.2M | $11.2M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0120% | 1h | 86,242.4 | +0.096% | $144K | $666K | 40x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 86,160 | long leg | $9K | $3K | 50x | |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,157.7 | −0.003% | $363K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,264.1 | +0.121% | $480K | $21.2M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,277.5 | +0.136% | $36.9M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0023% | 1h | 86,139 | −0.024% | $16.9M | $20.5M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.230% | $343K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0029% | 8h | 86,144 | −0.019% | $499.5M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0042% | 8h | 86,126.4 | −0.039% | $828.8M | $718.0M | 125x | as long as short |
Phoenix BTC
Bluefin BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0047% | 1h | 86,171.7 | +0.014% | $6.7M | $145.8M | 40x | as long as short |
| BingX BTC-USDC | +0.0050% | 8h | 86,132.4 | −0.032% | — | $15.3M | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,157.3 | −0.003% | $8.3M | $42.4M | 25x | as long as short |
| Bitget BTCUSDT | +0.0064% | 8h | 86,175.2 | +0.018% | $2.96B | $5.05B | 150x | as long as short |
| SoDEX BTC-USD | +0.0077% | 1h | 86,158 | −0.002% | $60.3M | $338.2M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,212.5 | +0.061% | $2.5M | $1.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0083% | 8h | 86,142.8 | −0.020% | $9.39B | $24.33B | 150x | as long as short |
| MEXC BTC_USDT | +0.0083% | 8h | 86,123.2 | −0.043% | $5.12B | $5.73B | 500x | as long as short |
| Gate BTC_USDT | +0.0087% | 8h | 86,146.3 | −0.016% | $5.76B | $10.58B | 200x | as long as short |
| Deribit BTC-PERPETUALshort | +0.0090% | 1h | 86,206.6 | +0.054% | $902.2M | $1.51B | 50x | |
| Lighter BTC | +0.0096% | 1h | 86,155.7 | −0.005% | $170.1M | $989.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,160.7 | +0.001% | $23.6M | $151.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,153 | −0.008% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,129 | −0.036% | $196K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,174.1 | +0.016% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,149.6 | −0.012% | $22.0M | $227.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,253 | +0.108% | $3.78B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,160.4 | +0.001% | $40.5M | $558.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,161.6 | +0.002% | $5.25B | $9.67B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,183.5 | +0.027% | $2.56B | $12.45B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,132 | −0.032% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,169.9 | +0.011% | $7.2M | $95.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,145.7 | −0.017% | $580.3M | $59.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,151.7 | −0.010% | $35.7M | $159.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,271.9 | +0.130% | $157.9M | $558.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,274.4 | +0.133% | $278.7M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,277 | +0.136% | $216.6M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,283.5 | +0.143% | $141.3M | $321.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,247 | +0.101% | $30.6M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,217.7 | +0.067% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,176 | +0.019% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,268.7 | +0.126% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,211.9 | +0.060% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,209.6 | +0.058% | $30.3M | $56.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,225.7 | +0.076% | $3.3M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,139.7 | −0.024% | $2.29B | $960.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,161.1 | +0.001% | $154.9M | $473.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,141.8 | −0.021% | $46.1M | $222.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,324.9 | +0.191% | — | $98.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,206.5 | +0.054% | $132.5M | $5.33B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,189.8 | +0.035% | $191.9M | $945.4M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,323 | +0.189% | $714K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0169% | 1h | 86,364.3 | +0.237% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0203% | 8h | 86,139.1 | −0.024% | $415.1M | $640.9M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0206% | 8h | 86,253 | +0.108% | $10.4M | $765.6M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0221% | 1h | 86,278.5 | +0.138% | $14.5M | — | 200x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
RISEx BTC/USDC
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Gate BTC_USDT
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
Bulk BTC-USD
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
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]