Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Derive against Ondo Perps−0.080%7-day average −0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.080%, 7d avg −0.006%
=Together, before fees−0.113%+ Points / potential airdropOndo Perps: Active · farm board−$11 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: Derive is 0.074% cheaper against Ondo Perps than usual: you would sell low and buy high, −$7 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 | Ondo Perps BTC-USD.P | 86,629 | 0.0100 | pay 0.0013% / 1h | 36m 10s | $3.9M | $18.6M | 25x |
| Short | Derive BTC-PERP | 86,559.9 | 0.0100 | get 0.0013% / 1h | 36m 10s | $30.0M | $61.6M | 15x |
Ondo Perps BTC-USD.P
Derive BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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: −0.080% → −0.006%
- −$7.36
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$18.36
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Derive: 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Ondo Perps and Derive: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0225% | 1h | 86,599.3 | −0.034% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,625.6 | −0.004% | $428K | $25.0M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,539 | −0.104% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0091% | 1h | 86,632.9 | +0.004% | $17.6M | $20.5M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,514 | −0.133% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,611 | −0.021% | $361K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 86,595.1 | −0.039% | $844.2M | $706.4M | 125x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,584.4 | −0.051% | $935.8M | $1.43B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,577 | −0.060% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0010% | 8h | 86,571.6 | −0.066% | $505.5M | $1.16B | 200x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,577.1 | −0.060% | $6.7M | $144.3M | 40x | as long as short |
| BingX BTC-USDT | +0.0022% | 8h | 86,554.3 | −0.086% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0028% | 8h | 86,547.5 | −0.094% | $2.94B | $5.07B | 150x | as long as short |
| Phemex BTCUSDT | +0.0029% | 8h | 86,553.4 | −0.087% | $149.5M | $471.0M | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,552.6 | −0.088% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.119% | $315K | $26.8M | 52x | as long as short |
| MEXC BTC_USDT | +0.0050% | 8h | 86,563.7 | −0.075% | $5.18B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0051% | 8h | 86,563.6 | −0.075% | $9.43B | $24.30B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,593.5 | −0.041% | $9.2M | $42.0M | 25x | as long as short |
| Gate BTC_USDT | +0.0069% | 8h | 86,574.1 | −0.063% | $5.86B | $10.62B | 200x | as long as short |
| OKX BTC-USDT-SWAP | +0.0070% | 8h | 86,573 | −0.065% | $2.56B | $12.69B | 100x | as long as short |
| Bybit BTCUSDT | +0.0079% | 8h | 86,565.2 | −0.074% | $5.27B | $9.66B | 150x | as long as short |
| Variational Omni BTC | +0.0091% | 8h | 86,619.6 | −0.011% | $160.0M | $567.4M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,571.3 | −0.067% | $172.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,573.3 | −0.064% | $24.0M | $153.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,583 | −0.053% | $8.5M | $52.1M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,652 | +0.027% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,578 | −0.059% | $195K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,587.4 | −0.048% | $21.6M | $235.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,654 | +0.029% | $3.82B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,624.1 | −0.006% | $41.3M | $490.3M | 50x | as long as short |
| Ondo Perps BTC-USD.Plong | +0.0100% | 1h | 86,629 | long leg | $3.9M | $18.6M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 86,653.9 | +0.029% | $7.5M | $93.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,606.9 | −0.026% | $571.9M | $22.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,650.3 | +0.025% | $38.1M | $148.4M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,571.5 | −0.066% | $279.6M | $949.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,620.3 | −0.010% | $217.5M | $188.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,631.1 | +0.002% | $141.6M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,635.6 | +0.008% | $30.8M | $205.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,651.5 | +0.026% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,584 | −0.052% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,583.7 | −0.052% | $194K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,572.1 | −0.066% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,577.3 | −0.060% | $140K | $619K | 40x | as long as short |
| Derive BTC-PERPshort | +0.0100% | 1h | 86,559.9 | −0.080% | $30.0M | $61.6M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 86,591.9 | −0.043% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,553 | −0.088% | $60.4M | $336.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,549.1 | −0.092% | $2.30B | $957.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,541.5 | −0.101% | $46.4M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,602.3 | −0.031% | — | $98.3M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,588.8 | −0.046% | $189.1M | $930.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,601.8 | −0.031% | $131.7M | $5.86B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0123% | 8h | 86,613 | −0.018% | $8.9M | $723.3M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0170% | 8h | 86,675.1 | +0.053% | $417.6M | $650.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0178% / S −0.0185% | 1h | 86,587.8 | −0.048% | $14.9M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 86,686.3 | +0.066% | $615K | $7.1M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Bitget BTCUSDT
Phemex BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
Gate BTC_USDT
OKX BTC-USDT-SWAP
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P