Funding you earn now, next payment 08:00 UTC+0.0145%/8h= +15.9% APRnext payment +$1.45 per $10,000 · paid last 24h +0.017%
Price spread now: Orderly against KuCoin−0.001%7-day average +0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.001%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XBTUSDTM | 85,298.8 | −0.0045 | get 0.0045% / 8h | 1h 33m | $927.9M | $773.4M | 125x |
| Short | Orderly PERP_BTC_USDC | 85,297.5 | 0.0100 | get 0.0100% / 8h | 1h 33m | $2.6M | $9.8M | 100x |
KuCoin XBTUSDTM
Orderly PERP_BTC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against KuCoin. 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
- $30.45
- Price spread: −0.001% → +0.003%
- −$0.45
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $12
- Costs to cover
- 0.180%
- Break-even
- 4.2 days
Slippage unknown: KuCoin: live order book, 6 min ago; Orderly: 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 KuCoin live order book, 6 min ago | 0.01 bp | 6.4 bp −$6 | 6.8 bp −$68 | 8.1 bp −$806 | 11.0 bp −$5,506 |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0082% | 1h | 85,242 | −0.067% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,248 | −0.060% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTMlong | −0.0045% | 8h | 85,298.8 | long leg | $927.9M | $773.4M | 125x | |
| BloFin BTC-USDT | −0.0029% | 8h | 85,299.8 | +0.001% | $421.2M | $682.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 85,295.5 | −0.004% | $512.5M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,311.6 | +0.015% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,299.9 | +0.001% | $494K | $18.5M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,279.9 | −0.022% | $16.7M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,316.3 | +0.021% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0042% | 1h | 85,238.4 | −0.071% | $24.4M | $222.3M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | +0.0055% | 1h | 85,263.5 | −0.041% | $139.4M | $314.4M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.061% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0070% | 8h | 85,279.6 | −0.022% | — | $17.4M | — | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,297.5 | −0.001% | $2.96B | $5.18B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,285.5 | −0.015% | $2.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,324.6 | +0.030% | $186.1M | $957.8M | 100x | as long as short |
| MEXC BTC_USDT | +0.0091% | 8h | 85,301.8 | +0.004% | $5.01B | $5.75B | 500x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,309.4 | +0.013% | $9.42B | $24.95B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,323.7 | +0.029% | $170.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,322.1 | +0.027% | $23.5M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,311 | +0.014% | $8.4M | $56.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,266 | −0.038% | $237K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,349.7 | +0.060% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,380 | +0.095% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,304.4 | +0.007% | $40.2M | $604.4M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,301.2 | +0.003% | $5.14B | $9.99B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,301.8 | +0.004% | $2.59B | $12.25B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,284 | −0.017% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,288.8 | −0.012% | $5.2M | $99.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,278.8 | −0.023% | $682.9M | $449.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,305 | +0.007% | $5.50B | $11.00B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,297.8 | −0.001% | $36.9M | $179.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,207.8 | −0.107% | $154.6M | $557.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,237.8 | −0.071% | $279.3M | $950.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,263.3 | −0.042% | $214.1M | $166.1M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,224.6 | −0.087% | $30.0M | $203.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,346.7 | +0.056% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,302 | +0.004% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,302 | +0.004% | $203K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDCshort | +0.0100% | 8h | 85,297.5 | −0.001% | $2.6M | $9.8M | 100x | |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,336.1 | +0.044% | $193K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,214.5 | −0.099% | $29.9M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,290 | −0.010% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,294 | −0.006% | $59.7M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,297.9 | −0.001% | $2.26B | $968.5M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,322.3 | +0.028% | $151.4M | $509.6M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,272.2 | −0.031% | $44.8M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,257.9 | −0.048% | — | $107.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,350 | +0.060% | $116.2M | $5.46B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0108% | 1h | 85,344.7 | +0.054% | $862.3M | $1.64B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0128% | 1h | 85,293.3 | −0.006% | $6.6M | $147.6M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0152% | 1h | 85,243.6 | −0.065% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,305 | +0.007% | $11.8M | $741.3M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,316.3 | +0.021% | $8.7M | $42.9M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,271.9 | −0.031% | $684K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0270% | 1h | 85,281.2 | −0.021% | $79K | $230K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDC
Bitget BTCUSDT
Aevo BTC-PERP
Kraken Futures PF_XBTUSD
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD