Funding you earn now, next payment 22:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.021%
Price spread now: 01 Exchange against Hotstuff+0.040%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 01 Exchange is 0.040% dearer against Hotstuff than usual: you sell high and buy low: +$4 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 | 86,559 | −0.0080 | get 0.0010% / 1h | 44m 04s | $9K | $3K | 50x |
| Short | 01 Exchange BTCUSD | 86,593.4 | 0 | get 0.0000% / 1h | 44m 04s | $361K | $2.4M | 50x |
Hotstuff BTC-PERP
01 Exchange BTCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- $16.8
- Price spread: +0.040% → 0.000%
- $3.97
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- $8.77
- Costs to cover
- 0.120%
- Break-even
- 3.3 days
Slippage unknown: Hotstuff: no order-book sample; 01 Exchange: live order book, 5 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 01 Exchange live order book, 5 min ago | 0.01 bp | 3.7 bp −$4 | 10.2 bp −$102 | 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 | −0.0335% | 43m | 86,584.3 | +0.029% | $431K | $25.1M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0215% | 1h | 86,631.2 | +0.083% | $85K | $188K | 20x | as long as short |
| dYdX BTC-USD | −0.0109% | 1h | 86,607.2 | +0.056% | $18.0M | $20.0M | 50x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,591 | +0.037% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 86,559 | long leg | $9K | $3K | 50x | |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,552.4 | −0.008% | $845.1M | $707.9M | 125x | as long as short |
| 01 Exchange BTCUSDshort | 0.0000% | 1h | 86,593.4 | +0.040% | $361K | $2.4M | 50x | |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,576.3 | +0.020% | $937.8M | $1.43B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,579.7 | +0.024% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0010% | 8h | 86,568.7 | +0.011% | $505.4M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
dYdX BTC-USD
Phoenix BTC
KuCoin XBTUSDTM
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,549.4 | −0.011% | $6.7M | $144.0M | 40x | as long as short |
| BingX BTC-USDT | +0.0021% | 8h | 86,593 | +0.039% | — | $1.60B | — | as long as short |
| Bitget BTCUSDT | +0.0027% | 8h | 86,582.5 | +0.027% | $2.94B | $5.07B | 150x | as long as short |
| Phemex BTCUSDT | +0.0027% | 8h | 86,571.9 | +0.015% | $149.4M | $470.6M | 150x | as long as short |
| MEXC BTC_USDT | +0.0048% | 8h | 86,570.2 | +0.013% | $5.19B | $5.64B | 500x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,538.9 | −0.023% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0049% | 8h | 86,606.8 | +0.055% | $9.43B | $24.29B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.200% | $315K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,577.9 | +0.022% | $9.2M | $42.1M | 25x | as long as short |
| OKX BTC-USDT-SWAP | +0.0063% | 8h | 86,614.9 | +0.065% | $2.57B | $12.70B | 100x | as long as short |
| Gate BTC_USDT | +0.0066% | 8h | 86,599.4 | +0.047% | $5.85B | $10.59B | 200x | as long as short |
| Bybit BTCUSDT | +0.0078% | 8h | 86,610.9 | +0.060% | $5.27B | $9.66B | 150x | as long as short |
| Variational Omni BTC | +0.0089% | 8h | 86,618.2 | +0.068% | $160.7M | $567.1M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,574.7 | +0.018% | $172.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,569.1 | +0.012% | $24.0M | $152.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,559 | 0.000% | $8.5M | $52.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0098% | 8h | 86,607.9 | +0.056% | $217.4M | $189.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,602.6 | +0.050% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,558 | −0.001% | $199K | $6.8M | 50x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,540 | −0.022% | $60.4M | $336.5M | 40x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,553.3 | −0.007% | $2.5M | $8.5M | 100x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,554.1 | −0.006% | $21.7M | $235.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,637 | +0.090% | $3.83B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,595.3 | +0.042% | $40.9M | $485.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,558 | −0.001% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,637.7 | +0.091% | $7.4M | $94.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | +0.122% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,564.7 | +0.007% | $38.1M | $148.2M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,605.1 | +0.053% | $279.8M | $948.5M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,599.3 | +0.047% | $141.5M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,606.9 | +0.055% | $30.8M | $205.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,627.5 | +0.079% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,562 | +0.003% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,558.5 | −0.001% | $197K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,562.1 | +0.004% | $140K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,548.6 | −0.012% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,558.3 | −0.001% | $3.4M | $5.6M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,547.6 | −0.013% | $2.30B | $956.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,524.7 | −0.040% | $46.5M | $229.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,585.5 | +0.031% | — | $98.0M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0115% | 8h | 86,588 | +0.034% | $8.9M | $723.3M | 6.4x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,578.5 | +0.022% | $190.6M | $928.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,590.5 | +0.036% | $131.7M | $5.87B | 50x | as long as short |
| BloFin BTC-USDT | +0.0169% | 8h | 86,567.5 | +0.010% | $418.5M | $641.8M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0178% / S −0.0181% | 1h | 86,576.1 | +0.020% | $14.7M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0216% | 1h | 86,604.1 | +0.052% | $600K | $7.2M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Bitget BTCUSDT
Phemex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Injective BTC/USDC PERP
RISEx BTC/USDC
OKX BTC-USDT-SWAP
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
GRVT BTC_USDT_Perp
Paradex BTC-USD-PERP
Katana Perps BTC-USD
SoDEX BTC-USD
Orderly PERP_BTC_USDC
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P