Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: Bybit against Ondo Perps+0.045%7-day average −0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 7 days+0.182%+$18 · spread now +0.045%, 7d avg −0.007%
=Together, before fees+0.117%+ Points / potential airdropOndo Perps: Active · farm board+$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.052% dearer against Ondo Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BTC-USD.P | 85,684 | 0.0100 | pay 0.0013% / 1h | 30m 24s | $3.9M | $17.9M | 25x |
| Short | Bybit BTCUSDT | 85,722.9 | 0.0100 | get 0.0100% / 8h | 6h 30m | $5.30B | $9.78B | 150x |
Ondo Perps BTC-USD.P
Bybit BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.045% → −0.007%
- $5.2
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$10.8
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.01 bp | 5.5 bp −$6 | 5.5 bp −$55 | 6.3 bp −$632 | 8.1 bp −$4,051 |
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 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 | −0.0144% | 1h | 85,641 | −0.050% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,689 | +0.006% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,680.8 | −0.004% | $364K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,668.8 | −0.018% | $515K | $20.9M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,662 | −0.026% | $16.8M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,710.9 | +0.031% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,691 | +0.008% | $340K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0034% | 8h | 85,682.4 | −0.002% | $509.3M | $1.14B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0035% | 8h | 85,678.6 | −0.006% | $903.0M | $755.3M | 125x | as long as short |
| ApeX Omni BTCUSDT | +0.0037% | 1h | 85,595.3 | −0.104% | $140.0M | $320.4M | 100x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTM
ApeX Omni BTCUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0044% | 1h | 85,700.3 | +0.019% | $7.9M | $42.4M | 25x | as long as short |
| BingX BTC-USDC | +0.0054% | 8h | 85,695.2 | +0.013% | — | $15.4M | — | as long as short |
| HTX BTC-USDT | +0.0056% | 8h | 85,633.7 | −0.059% | $2.27B | $952.7M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0056% | 1h | 85,695.5 | +0.013% | $6.7M | $146.2M | 40x | as long as short |
| Nado BTC-PERP | +0.0064% | 1h | 85,654.8 | −0.034% | $22.7M | $228.2M | 50x | as long as short |
| Bitget BTCUSDT | +0.0069% | 8h | 85,717.9 | +0.040% | $2.95B | $5.11B | 150x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,699.9 | +0.019% | $5.07B | $5.72B | 500x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,713.7 | +0.035% | $2.5M | $1.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0088% | 8h | 85,706.7 | +0.026% | $9.33B | $24.39B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,663.8 | −0.024% | $169.6M | $987.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,671.5 | −0.015% | $23.3M | $146.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,699 | +0.018% | $8.4M | $52.0M | 100x | as long as short |
| Gate BTC_USDT | +0.0097% | 8h | 85,708.8 | +0.029% | $5.61B | $10.52B | 200x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,656 | −0.033% | $205K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,643.1 | −0.048% | $3.8M | $8.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,766 | +0.096% | $3.76B | $5.00B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,705.8 | +0.025% | $40.7M | $569.7M | 50x | as long as short |
| Bybit BTCUSDTshort | +0.0100% | 8h | 85,722.9 | +0.045% | $5.30B | $9.78B | 150x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,721 | +0.043% | $2.54B | $12.41B | 100x | as long as short |
| Ondo Perps BTC-USD.Plong | +0.0100% | 1h | 85,684 | long leg | $3.9M | $17.9M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 85,661.1 | −0.027% | $7.3M | $98.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,635.3 | −0.057% | $35.2M | $163.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,640.3 | −0.051% | $156.2M | $559.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,580.7 | −0.121% | $278.2M | $944.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,580.1 | −0.121% | $214.9M | $167.6M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,647.7 | −0.042% | $30.3M | $208.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,735.3 | +0.060% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,696 | +0.014% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,704 | +0.023% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,718.4 | +0.040% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,755.8 | +0.084% | $186K | $708K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,714.5 | +0.036% | $30.0M | $56.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,658.5 | −0.030% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,727 | +0.050% | $60.0M | $337.5M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,638.4 | −0.053% | $153.0M | $480.0M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,587.5 | −0.113% | $583.6M | $150.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,696.5 | +0.015% | $43.9M | $228.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,667.7 | −0.019% | — | $101.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,668.9 | −0.018% | $131.0M | $5.18B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0136% | 1h | 85,697.9 | +0.016% | $698K | $7.9M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,754.5 | +0.082% | $188.9M | $965.2M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0164% | 1h | 85,662.2 | −0.025% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0190% | 1h | 85,703.9 | +0.023% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0208% | 8h | 85,667 | −0.020% | $10.0M | $770.7M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0221% | 1h | 85,772.9 | +0.104% | $894.4M | $1.53B | 50x | as long as short |
RISEx BTC/USDC
BingX BTC-USDC
HTX BTC-USDT
Reya BTCRUSDPERP
Nado BTC-PERP
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Gate BTC_USDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Arcus BTC-USD
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL