Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Backpack against Ondo Perps0.000%7-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−0.178%−$18 on $10k
+Price spread, last 7 days−0.122%−$12 · spread now 0.000%, 7d avg +0.017%
=Together, before fees−0.300%+ Points / potential airdropOndo Perps: Active · farm board−$30 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BTC-USD.P | 85,542 | 0.0100 | pay 0.0013% / 1h | 32m 36s | $3.8M | $17.7M | 25x |
| Short | Backpack BTC_USDC_PERP | 85,542.4 | 0.0100 | get 0.0013% / 1h | 32m 36s | $36.2M | $179.0M | 75x |
Ondo Perps BTC-USD.P
Backpack BTC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Ondo Perps. 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
- Price spread: 0.000% → +0.017%
- −$1.68
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$16.68
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Backpack: live order book, 2 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.5 bp −$547 | 19.0 bp −$9,503 |
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 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 | −0.0140% | 1h | 85,514 | −0.033% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,539 | −0.004% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0041% | 8h | 85,543.5 | +0.002% | $918.9M | $756.8M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,545.5 | +0.004% | $419.4M | $674.9M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,530.1 | −0.014% | $365K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | +0.0003% | 8h | 85,516.9 | −0.029% | $515.0M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0004% | 1h | 85,549.8 | +0.009% | $24.7M | $222.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,550.4 | +0.010% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0022% | 1h | 85,573.5 | +0.037% | $16.8M | $21.2M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,525 | −0.020% | $339K | $26.9M | 52x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0065% | 8h | 85,516.5 | −0.030% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0067% | 8h | 85,544.5 | +0.003% | $148.1M | $493.9M | 150x | as long as short |
| Bitget BTCUSDT | +0.0081% | 8h | 85,522.6 | −0.023% | $2.95B | $5.12B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0084% | 1h | 85,588.1 | +0.054% | $884.5M | $1.59B | 50x | as long as short |
| SoDEX BTC-USD | +0.0091% | 1h | 85,545 | +0.004% | $59.9M | $336.0M | 40x | as long as short |
| ApeX Omni BTCUSDT | +0.0095% | 1h | 85,536.5 | −0.006% | $139.9M | $315.7M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,555.3 | +0.016% | $172.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,570.5 | +0.033% | $24.0M | $148.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,522 | −0.023% | $8.4M | $55.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,541.4 | −0.001% | $2.5M | $1.7M | 20x | as long as short |
| Reya BTCRUSDPERP | +0.0097% | 1h | 85,519.1 | −0.027% | $6.6M | $147.0M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,507 | −0.041% | $200K | $8.3M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,585.6 | +0.051% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,644 | +0.119% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,579.8 | +0.044% | $40.3M | $584.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,530.9 | −0.013% | $9.41B | $24.34B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,521.5 | −0.024% | $5.19B | $9.84B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,530.3 | −0.014% | $2.59B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.Plong | +0.0100% | 1h | 85,542 | long leg | $3.8M | $17.7M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 85,530.7 | −0.013% | $4.6M | $99.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,517.4 | −0.029% | $680.3M | $725.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,536.9 | −0.006% | $5.54B | $10.80B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,538.3 | −0.004% | $5.07B | $5.66B | 500x | as long as short |
| Backpack BTC_USDC_PERPshort | +0.0100% | 1h | 85,542.4 | 0.000% | $36.2M | $179.0M | 75x | |
| Variational Omni BTC | +0.0100% | 8h | 85,486 | −0.065% | $153.7M | $565.7M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,494.5 | −0.056% | $279.3M | $927.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,530.2 | −0.014% | $214.9M | $168.9M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,544.5 | +0.003% | $30.2M | $207.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,574.9 | +0.038% | — | $11.4M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,519 | −0.027% | $11.0M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,529.8 | −0.014% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,541.3 | −0.001% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,583.8 | +0.049% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,532.8 | −0.011% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,518.7 | −0.027% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,525 | −0.020% | $2.26B | $947.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,501.1 | −0.048% | $44.9M | $233.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,510.2 | −0.037% | — | $107.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,589.2 | +0.055% | $117.0M | $5.24B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,570.5 | +0.033% | $187.7M | $954.8M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,563.2 | +0.025% | $8.7M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0153% | 1h | 85,537.5 | −0.005% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0206% | 8h | 85,550 | +0.009% | $11.8M | $754.9M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,546.9 | +0.006% | $697K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0253% | 1h | 85,555.4 | +0.016% | $78K | $221K | 20x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,506.5 | −0.042% | $505K | $18.7M | 6.7x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Deribit BTC-PERPETUAL
SoDEX BTC-USD
ApeX Omni BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Reya BTCRUSDPERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
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
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
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC