Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.049%
Price spread now: RISEx against Hotstuff+0.029%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 +$2 a day on $10k at the current rate, and RISEx is 0.029% dearer against Hotstuff than usual: you sell high and buy low: +$3 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 | 86,554 | −0.0080 | get 0.0010% / 1h | 1m 26s | $9K | $3K | 50x |
| Short | RISEx BTC/USDC | 86,579.5 | −0.0024 | pay 0.0003% / 1h | 1m 26s | $8.3M | $42.8M | 25x |
Hotstuff BTC-PERP
RISEx BTC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $11.76
- Price spread: +0.029% → 0.000%
- $2.95
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $3.7
- Costs to cover
- 0.110%
- Break-even
- 4.8 days
Slippage unknown: Hotstuff: no order-book sample; RISEx: 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 RISEx live order book, 3 min ago | 0.01 bp | 3.3 bp −$3 | 3.8 bp −$38 | 11.5 bp −$1,151 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,570 | +0.018% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 86,554 | long leg | $9K | $3K | 50x | |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,605 | +0.059% | $333K | $26.9M | 52x | as long as short |
| RISEx BTC/USDCshort | −0.0024% | 1h | 86,579.5 | +0.029% | $8.3M | $42.8M | 25x | |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,577.9 | +0.028% | $360K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,582.1 | +0.032% | $411K | $22.4M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,565.4 | +0.013% | $37.0M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0014% | 8h | 86,564.5 | +0.012% | $502.1M | $1.15B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0026% | 8h | 86,568.1 | +0.016% | $834.9M | $728.5M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0038% | 1h | 86,585 | +0.036% | $6.7M | $145.5M | 40x | as long as short |
Phoenix BTC
Injective BTC/USDC PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0044% | 8h | 86,551.6 | −0.003% | — | $15.3M | — | as long as short |
| Phemex BTCUSDT | +0.0055% | 8h | 86,556.8 | +0.003% | $152.0M | $478.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0057% | 8h | 86,582.5 | +0.033% | $2.97B | $5.12B | 150x | as long as short |
| dYdX BTC-USD | +0.0062% | 1h | 86,559.6 | +0.006% | $17.0M | $21.2M | 50x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,543 | −0.013% | $2.5M | $1.4M | 20x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 86,594.6 | +0.047% | $5.16B | $5.70B | 500x | as long as short |
| Binance BTCUSDT | +0.0076% | 8h | 86,565.3 | +0.013% | $9.45B | $24.54B | 150x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,566.1 | +0.014% | $5.85B | $10.82B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,580.9 | +0.031% | $170.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,583.8 | +0.034% | $23.8M | $153.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,565 | +0.013% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,547 | −0.008% | $196K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,608.3 | +0.063% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,566.7 | +0.015% | $21.8M | $234.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,659 | +0.121% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,597.7 | +0.050% | $41.1M | $538.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,566 | +0.014% | $5.27B | $9.79B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,593.9 | +0.046% | $2.55B | $12.75B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,568 | +0.016% | $3.9M | $18.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,597.3 | +0.050% | $7.0M | $96.7M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,560.3 | +0.007% | $38.0M | $155.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,474 | −0.092% | $157.6M | $567.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,559.4 | +0.006% | $279.6M | $948.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,495.7 | −0.067% | $217.1M | $171.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,582.7 | +0.033% | $141.8M | $323.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,546 | −0.009% | $30.7M | $207.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,619.4 | +0.076% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,588 | +0.039% | $11.1M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,596 | +0.049% | $194K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,544.4 | −0.011% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,584.9 | +0.036% | $141K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,580.9 | +0.031% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,547 | −0.008% | $3.4M | $5.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,548 | −0.007% | $60.4M | $338.0M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,536.1 | −0.021% | $2.30B | $968.6M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,452.9 | −0.117% | $572.2M | $12.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,549.2 | −0.006% | $45.8M | $225.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,570.3 | +0.019% | — | $100.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,589.9 | +0.041% | $193.6M | $953.0M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,603.9 | +0.058% | $132.2M | $5.64B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0163% | 1h | 86,554.3 | 0.000% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 86,586.7 | +0.038% | $717K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0195% | 8h | 86,572.2 | +0.021% | $415.4M | $659.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0225% | 1h | 86,562.2 | +0.010% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0210% | 8h | 86,582 | +0.032% | $10.3M | $755.2M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0278% | 1h | 86,603.5 | +0.057% | $912.9M | $1.49B | 50x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
dYdX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
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
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
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL