Funding you earn now, next payment 01:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.004%
Price spread now: SoDEX against OKX−0.048%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 3 days (all we have)−0.022%−$2 on $10k
+Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.048%, 7d avg −0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.042% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BTC-USDT-SWAP | 86,395.2 | 0.0100 | pay 0.0100% / 8h | 7h 37m | $2.56B | $12.52B | 100x |
| Short | SoDEX BTC-USD | 86,354 | 0.0098 | get 0.0012% / 1h | 37m 52s | $60.4M | $338.2M | 40x |
OKX BTC-USDT-SWAP
SoDEX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against OKX. 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
- −$0.37
- Price spread: −0.048% → −0.006%
- −$4.19
- Slippage, 4 orders
- −$0.13
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$22.69
- Costs to cover
- 0.181%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; SoDEX: live order book, 1 min ago.
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 OKX live order book, 1 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.4 bp −$540 | 7.1 bp −$3,543 |
| Sell SoDEX live order book, 1 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.2 bp −$521 | 42.7 bp −$21.4K |
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 | −0.0129% | 1h | 86,448 | +0.061% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,388 | −0.008% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,357.4 | −0.044% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,391.1 | −0.005% | $498K | $21.8M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,373.9 | −0.025% | $36.9M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0020% | 1h | 86,402.9 | +0.009% | $16.9M | $20.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0021% | 8h | 86,379.9 | −0.018% | $500.9M | $1.14B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,616 | +0.256% | $333K | $26.9M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0027% | 1h | 86,391.3 | −0.005% | $903.5M | $1.51B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0037% | 8h | 86,383.3 | −0.014% | $830.9M | $722.2M | 125x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Aster BTCUSDT
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BTCUSDT | +0.0039% | 8h | 86,358.9 | −0.042% | $153.6M | $475.2M | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0043% | 1h | 86,355.6 | −0.046% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDT | +0.0049% | 8h | 86,381.6 | −0.016% | — | $1.58B | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,365.9 | −0.034% | $8.3M | $42.5M | 25x | as long as short |
| Bitget BTCUSDT | +0.0062% | 8h | 86,375.9 | −0.022% | $2.97B | $5.05B | 150x | as long as short |
| MEXC BTC_USDT | +0.0078% | 8h | 86,378.8 | −0.019% | $5.13B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0078% | 8h | 86,371.8 | −0.027% | $9.40B | $24.35B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,333.4 | −0.072% | $2.5M | $1.7M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,368.6 | −0.031% | $170.4M | $984.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,384.3 | −0.013% | $23.7M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,355 | −0.047% | $8.4M | $52.1M | 100x | as long as short |
| SoDEX BTC-USDshort | +0.0098% | 1h | 86,354 | −0.048% | $60.4M | $338.2M | 40x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,333 | −0.072% | $202K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,378.2 | −0.020% | $4.5M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,364.6 | −0.035% | $21.9M | $229.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,452 | +0.066% | $3.79B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,389.6 | −0.006% | $40.7M | $551.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,389 | −0.007% | $5.25B | $9.69B | 150x | as long as short |
| OKX BTC-USDT-SWAPlong | +0.0100% | 8h | 86,395.2 | long leg | $2.56B | $12.52B | 100x | |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,360 | −0.041% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,386.7 | −0.010% | $7.2M | $95.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,348 | −0.055% | $573.1M | $19.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,379.3 | −0.018% | $5.81B | $10.52B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,365.8 | −0.034% | $37.5M | $155.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,351.7 | −0.050% | $158.4M | $564.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,362.3 | −0.038% | $278.9M | $950.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,468.6 | +0.085% | $217.0M | $165.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,361.6 | −0.039% | $141.6M | $322.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,384.9 | −0.012% | $30.7M | $208.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,405.4 | +0.012% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,355 | −0.047% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,355.9 | −0.046% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,354.2 | −0.047% | $2.5M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,388.2 | −0.008% | $144K | $667K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,386.6 | −0.010% | $30.5M | $58.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,362.2 | −0.038% | $3.4M | $5.2M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,339.1 | −0.065% | $2.29B | $963.2M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,368.7 | −0.031% | $45.9M | $222.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,373.9 | −0.025% | — | $98.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,395.4 | 0.000% | $132.0M | $5.45B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,385.2 | −0.012% | $192.1M | $942.1M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0160% | 1h | 86,428.6 | +0.039% | $711K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0165% | 1h | 86,410.6 | +0.018% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0198% | 8h | 86,346.7 | −0.056% | $415.9M | $648.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0217% | 1h | 86,368.9 | −0.030% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0210% | 8h | 86,390 | −0.006% | $10.0M | $762.4M | 6.4x | as long as short |
Phemex BTCUSDT
Reya BTCRUSDPERP
BingX BTC-USDT
RISEx BTC/USDC
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
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
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
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP