Funding you earn now, next payment 04:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.025%
Price spread now: gTrade (Gains Network) against Hotstuff+0.065%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 +$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.065% dearer against Hotstuff than usual: you sell high and buy low: +$6 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 | 85,581 | −0.0080 | get 0.0010% / 1h | 59m 59s | $8K | $3K | 50x |
| Short | gTrade (Gains Network) BTC/USD | 85,636.3 | L +0.0005% / S −0.0004% | get 0.0001% / 1h | 59m 59s | $36.6M | — | 200x |
Hotstuff BTC-PERP
gTrade (Gains Network) BTC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- $17.74
- Price spread: +0.065% → 0.000%
- $6.46
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- $12.2
- Costs to cover
- 0.120%
- Break-even
- 2.2 days
Slippage unknown: Hotstuff: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 4 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 gTrade (Gains Network) virtual book (oracle venue), 4 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,183 |
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 | −0.0179% | 1h | 85,565 | −0.019% | $2.1M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 85,581 | long leg | $8K | $3K | 50x | |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,603.9 | +0.027% | $367K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0035% | 8h | 85,603.4 | +0.026% | $922.1M | $752.1M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,600 | +0.022% | $417.7M | $670.1M | 150x | as long as short |
| gTrade (Gains Network) BTC/USDshort | L +0.0005% / S −0.0004% | 1h | 85,636.3 | +0.065% | $36.6M | — | 200x | |
| dYdX BTC-USD | +0.0010% | 1h | 85,629.7 | +0.057% | $16.8M | $21.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0011% | 1h | 85,600.6 | +0.023% | $25.0M | $221.9M | 50x | as long as short |
| Aster BTCUSDT | +0.0014% | 8h | 85,628.6 | +0.056% | $516.1M | $1.10B | 200x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,603.5 | +0.026% | $4.2M | $98.2M | 40x | as long as short |
Phoenix BTC
01 Exchange BTCUSD
KuCoin XBTUSDTM
BloFin BTC-USDT
dYdX BTC-USD
Nado BTC-PERP
Aster BTCUSDT
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0063% | 8h | 85,628.6 | +0.056% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0065% | 8h | 85,624.2 | +0.050% | $148.6M | $489.1M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,662.2 | +0.095% | $2.96B | $5.10B | 150x | as long as short |
| Bluefin BTC-PERP | +0.0081% | 1h | 85,675.6 | +0.111% | $207K | $739K | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0088% | 1h | 85,626.4 | +0.053% | $6.6M | $146.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,642.4 | +0.072% | $172.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,641.9 | +0.071% | $23.9M | $149.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,618 | +0.043% | $8.7M | $53.6M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,618.2 | +0.044% | $2.5M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,586 | +0.006% | $204K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,670.3 | +0.104% | $5.2M | $9.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,714 | +0.155% | $3.79B | $5.01B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,644.7 | +0.074% | $40.3M | $581.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,623.8 | +0.050% | $9.38B | $24.19B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,618.1 | +0.043% | $5.20B | $9.82B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,677.3 | +0.113% | $2.59B | $12.17B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,624 | +0.050% | $3.8M | $17.8M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,487.5 | −0.109% | $672.1M | $698.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,625.6 | +0.052% | $5.52B | $10.78B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,630.2 | +0.057% | $5.07B | $5.66B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,614.6 | +0.039% | $35.7M | $177.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,565.9 | −0.018% | $153.8M | $564.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,523.8 | −0.067% | $279.4M | $922.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,554.3 | −0.031% | $214.7M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,562.4 | −0.022% | $139.9M | $314.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,544.2 | −0.043% | $30.2M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,662.5 | +0.095% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,620 | +0.046% | $11.1M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,633.7 | +0.062% | $194K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,626.8 | +0.054% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,618.9 | +0.044% | $30.0M | $50.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,595.5 | +0.017% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,633 | +0.061% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,620.6 | +0.046% | $2.27B | $943.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,632.9 | +0.061% | $44.8M | $231.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,592.5 | +0.013% | — | $107.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,665.9 | +0.099% | $117.3M | $5.21B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0106% | 1h | 85,669.5 | +0.103% | $886.7M | $1.58B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,610 | +0.034% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,648.4 | +0.079% | $187.7M | $953.6M | 100x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,638.9 | +0.068% | $8.4M | $42.6M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,634.1 | +0.062% | $13.2M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0211% | 1h | 85,558.2 | −0.027% | $78K | $220K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0220% | 8h | 85,638 | +0.067% | $10.4M | $755.0M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0256% | 1h | 85,621.2 | +0.047% | $702K | $7.8M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,617.5 | +0.043% | $496K | $18.8M | 6.7x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Bluefin BTC-PERP
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
MEXC 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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Perpl BTC