Funding you earn now, next payment 10:00 UTC+0.0165%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h +0.021%
Price spread now: Ondo Perps against Injective+0.091%101s7-day average −0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.091%, 7d avg −0.017%
=Together, before fees+0.068%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Ondo Perps is 0.108% dearer against Injective than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.017%. The two prices were read 101 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 | 85,880 | −0.0065 | get 0.0008% / 1h | 21m 32s | $300K | $28.4M | 52x |
| Short | Ondo Perps BTC-USD.P | 85,958 | 0.0100 | get 0.0013% / 1h | 21m 32s | $4.0M | $15.8M | 25x |
Injective BTC/USDC PERP
Ondo Perps BTC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $34.56
- Price spread: +0.091% → −0.017%
- $10.78
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $40.32
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 1 min ago; Ondo Perps: 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 | 2.15 bp | 2.2 bp −$2 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 55 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | −0.0099% | 1h | 85,916 | +0.042% | $137.3M | $297.5M | 100x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,895 | +0.017% | $8K | $2K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0072% | 1h | 85,966.6 | +0.101% | $357K | $2.0M | 50x | as long as short |
| Injective BTC/USDC PERPlong | −0.0065% | 1h | 85,880 | long leg | $300K | $28.4M | 52x | |
| BloFin BTC-USDT | −0.0020% | 8h | 85,900 | +0.023% | $422.8M | $586.2M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 86,011.6 | +0.153% | $16.9M | $15.1M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,978.3 | +0.114% | $481K | $14.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,010.7 | +0.152% | $36.8M | — | 200x | as long as short |
| SoDEX BTC-USD | +0.0012% | 1h | 85,984 | +0.121% | $65.5M | $212.8M | 40x | as long as short |
| BingX BTC-USDT | +0.0019% | 8h | 85,963.3 | +0.097% | — | $1.40B | — | as long as short |
ApeX Omni BTCUSDT
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
SoDEX BTC-USD
BingX BTC-USDTShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTCUSDT | +0.0025% | 8h | 85,972 | +0.107% | $5.09B | $8.57B | 150x | as long as short |
| Aster BTCUSDT | +0.0037% | 8h | 85,972 | +0.107% | $511.9M | $921.4M | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0039% | 8h | 85,992.2 | +0.131% | $930.0M | $654.6M | 125x | as long as short |
| Phoenix BTC | +0.0053% | 1h | 85,868 | −0.014% | $2.0M | $8.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0070% | 8h | 85,970.1 | +0.105% | $5.50B | $9.26B | 200x | as long as short |
| Nado BTC-PERP | +0.0075% | 1h | 85,970.5 | +0.105% | $22.0M | $204.2M | 50x | as long as short |
| Bluefin BTC-PERP | +0.0085% | 1h | 86,044.7 | +0.192% | $195K | $570K | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,992.7 | +0.131% | $172.8M | $887.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,997.6 | +0.137% | $23.1M | $124.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,969 | +0.104% | $8.8M | $48.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,994.1 | +0.133% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0099% | 8h | 85,969.2 | +0.104% | $2.98B | $4.15B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,947 | +0.078% | $209K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,002.5 | +0.143% | $6.0M | $8.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,071 | +0.222% | $3.93B | $4.46B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,013.9 | +0.156% | $40.3M | $581.9M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,966.8 | +0.101% | $9.44B | $21.74B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,980.9 | +0.117% | $2.61B | $9.90B | 100x | as long as short |
| Ondo Perps BTC-USD.Pshort | +0.0100% | 1h | 85,958 | +0.091% | $4.0M | $15.8M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 86,001 | +0.141% | $4.2M | $92.6M | 40x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,968.5 | +0.103% | $5.14B | $5.38B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,976.6 | +0.112% | $37.2M | $192.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,862.6 | −0.020% | $156.0M | $500.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,857.1 | −0.027% | $289.1M | $848.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,890.1 | +0.012% | $215.7M | $139.9M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,993.5 | +0.132% | $30.2M | $221.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,039 | +0.185% | — | $10.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,976 | +0.112% | $11.0M | $12.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,004.9 | +0.145% | $202K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,991.9 | +0.130% | $2.6M | $8.9M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,013.6 | +0.156% | $3.2M | $7.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,975 | +0.111% | $2.27B | $866.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,981.7 | +0.118% | $169.3M | $486.9M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,914.7 | +0.040% | $712.8M | $159.6M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0102% | 1h | 86,003.2 | +0.143% | $189.8M | $812.7M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,932.2 | +0.061% | $46.9M | $212.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,941.5 | +0.072% | — | $84.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,029.1 | +0.174% | $112.3M | $5.07B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0160% | 1h | 85,988.9 | +0.127% | $6.6M | $131.5M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0165% | 8h | 85,995 | +0.134% | $11.1M | $732.8M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0183% | 1h | 86,009.8 | +0.151% | $13.2M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0204% | 1h | 85,998.4 | +0.138% | $9.0M | $38.7M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0304% | 1h | 85,930.9 | +0.059% | $708K | $7.1M | 30x | as long as short |
| Deribit BTC-PERPETUAL | +0.0345% | 1h | 86,050.6 | +0.199% | $827.8M | $1.55B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0420% | 1h | 85,930.6 | +0.059% | $79K | $247K | 20x | as long as short |
Bybit BTCUSDT
Aster BTCUSDT
KuCoin XBTUSDTM
Phoenix BTC
Gate BTC_USDT
Nado BTC-PERP
Bluefin BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Arcus BTC-USD
MEXC 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
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Kraken Futures PF_XBTUSD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hibachi BTC/USDT-P
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD