Funding you earn now, next payment 04:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.025%
Price spread now: Hotstuff against Injective−0.075%105s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hotstuff is 0.075% cheaper against Injective than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective BTC/USDC PERP | 85,742 | 0.0150 | pay 0.0019% / 1h | 53m 35s | $340K | $26.9M | 52x |
| Short | Hotstuff BTC-PERP | 85,678 | −0.0080 | pay 0.0010% / 1h | 53m 35s | $8K | $3K | 50x |
Injective BTC/USDC PERP
Hotstuff BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Injective. 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
- −$48.27
- Price spread: −0.075% → 0.000%
- −$7.46
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$60.76
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 1 min ago; Hotstuff: no order-book sample. 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 Injective live order book, 1 min ago | 2.39 bp | 2.7 bp −$3 | 21.3 bp −$213 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.3448% | 1h | 85,692.3 | −0.058% | $194K | $725K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,659 | −0.097% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERPshort | −0.0080% | 1h | 85,678 | −0.075% | $8K | $3K | 50x | |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,649.4 | −0.108% | $370K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,685.9 | −0.065% | $417.6M | $666.0M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,669.4 | −0.085% | $16.7M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 85,641.5 | −0.117% | $920.0M | $750.0M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,678.8 | −0.074% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0016% | 8h | 85,642.6 | −0.116% | $516.1M | $1.10B | 200x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,636.5 | −0.123% | $6.9M | $97.1M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0040% | 1h | 85,676.7 | −0.076% | $22.6M | $218.8M | 50x | as long as short |
| BingX BTC-USDT | +0.0058% | 8h | 85,650.6 | −0.107% | — | $1.53B | — | as long as short |
| ApeX Omni BTCUSDT | +0.0059% | 1h | 85,584.6 | −0.184% | $139.9M | $315.1M | 100x | as long as short |
| Bitget BTCUSDT | +0.0074% | 8h | 85,648.8 | −0.109% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0076% | 1h | 85,670.1 | −0.084% | $6.7M | $146.6M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,651.8 | −0.105% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,650.1 | −0.107% | $5.05B | $5.57B | 500x | as long as short |
| Binance BTCUSDT | +0.0089% | 8h | 85,649.5 | −0.108% | $9.34B | $23.96B | 150x | as long as short |
| SoDEX BTC-USD | +0.0089% | 1h | 85,656 | −0.100% | $60.0M | $336.1M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,657.6 | −0.098% | $174.3M | $999.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,664.5 | −0.090% | $23.8M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,675 | −0.078% | $8.4M | $52.5M | 100x | as long as short |
| Phemex BTCUSDT | +0.0098% | 8h | 85,663.7 | −0.091% | $150.6M | $482.8M | 150x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,693.3 | −0.057% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,630 | −0.131% | $198K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,730 | −0.014% | $3.75B | $4.96B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,682.5 | −0.069% | $40.1M | $576.9M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,653.2 | −0.104% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,656.8 | −0.099% | $2.58B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,672 | −0.082% | $3.9M | $18.0M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,696.6 | −0.053% | $648.3M | $574.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,653.2 | −0.104% | $5.54B | $10.53B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,648.7 | −0.109% | $36.1M | $175.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,690.1 | −0.061% | $156.8M | $560.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,589.3 | −0.178% | $279.5M | $917.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,627.1 | −0.134% | $215.0M | $164.8M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,679.3 | −0.073% | $30.3M | $207.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,731.3 | −0.013% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,674 | −0.079% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,666.8 | −0.088% | $194K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,646.1 | −0.112% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,649.9 | −0.107% | $30.0M | $51.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,667.8 | −0.087% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,684.1 | −0.068% | $2.27B | $938.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,623.9 | −0.138% | $44.5M | $226.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,711.6 | −0.035% | — | $106.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,703.8 | −0.045% | $117.6M | $5.14B | 50x | as long as short |
| Injective BTC/USDC PERPlong | +0.0150% | 1h | 85,742 | long leg | $340K | $26.9M | 52x | |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,681.5 | −0.071% | $189.1M | $951.8M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0177% / S −0.0151% | 1h | 85,673.4 | −0.080% | $13.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,717.3 | −0.029% | $703K | $7.8M | 30x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,681.8 | −0.070% | $8.4M | $42.4M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0201% | 1h | 85,701.3 | −0.047% | $78K | $219K | 20x | as long as short |
| Deribit BTC-PERPETUAL | +0.0215% | 1h | 85,706.8 | −0.041% | $892.2M | $1.53B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0219% | 8h | 85,721 | −0.024% | $10.7M | $759.1M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,709.6 | −0.038% | $494K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDT
ApeX Omni BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Phemex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
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
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
RISEx BTC/USDC
Aftermath Perps BTCUSD
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
Perpl BTC