BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.001%

Price spread now: RISEx against Ondo Perps+0.074%58s7-day average −0.006% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days+0.077%+$8 · spread now +0.074%, 7d avg −0.006%

Together, before fees+0.066%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.080% dearer against Ondo Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BTC-USD.P	86,189	0.0100	pay 0.0013% / 1h	2m 06s	$4.0M	$16.4M	25x
Short	RISEx BTC/USDC	86,253.2	0.0194	get 0.0024% / 1h	2m 06s	$9.0M	$40.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee RISExbpOrdersPrice spread, now +0.074%Rate

Funding earned: $19.72
Price spread: +0.074% → −0.006%: $8.04
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee RISEx: 3 bp × 2 orders: −$6
Net: $16.76
Costs to cover: 0.110%
Break-even: 1.0 days

Slippage unknown: Ondo Perps: no order-book sample; RISEx: 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 RISEx live order book, 2 min ago	0.01 bp	3.0 bp −$3	3.0 bp −$30	11.1 bp −$1,105	doesn't fit

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
Bluefin BTC-PERP	−0.0205%	1h	86,224.6	+0.041%	$196K	$673K	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,184	−0.006%	$8K	$2K	50x	as long as short
BloFin BTC-USDT	−0.0020%	8h	86,210.2	+0.025%	$423.4M	$623.5M	150x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,190.9	+0.002%	$360K	$2.1M	50x	as long as short
Injective BTC/USDC PERP	−0.0006%	1h	86,248	+0.068%	$471K	$28.2M	52x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,183	−0.007%	$36.9M	—	200x	as long as short
dYdX BTC-USD	+0.0033%	1h	86,197.2	+0.009%	$16.9M	$17.6M	50x	as long as short
KuCoin XBTUSDTM	+0.0034%	8h	86,176.1	−0.015%	$937.9M	$667.7M	125x	as long as short
BingX BTC-USDT	+0.0045%	8h	86,165.4	−0.027%	—	$1.45B	—	as long as short
Aster BTCUSDT	+0.0049%	8h	86,172.4	−0.019%	$504.3M	$973.4M	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BTCUSDT	+0.0050%	8h	86,158.7	−0.035%	$5.11B	$9.03B	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0068%	1h	86,183.1	−0.007%	$189.3M	$866.6M	100x	as long as short
Phemex BTCUSDT	+0.0074%	8h	86,169.2	−0.023%	$167.9M	$498.5M	150x	as long as short
Phoenix BTC	+0.0075%	1h	86,283	+0.109%	$2.3M	$10.4M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,178.9	−0.012%	$173.7M	$969.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,187.8	−0.001%	$23.4M	$137.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,186	−0.003%	$8.8M	$52.5M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	86,171.9	−0.020%	$2.4M	$6.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,164	−0.029%	$222K	$8.2M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,221.4	+0.038%	$6.1M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,186.5	−0.003%	$22.0M	$210.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	86,222.9	+0.039%	$40.3M	$585.4M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	86,168.3	−0.024%	$9.47B	$23.05B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,182.7	−0.007%	$2.62B	$10.77B	100x	as long as short
Ondo Perps BTC-USD.Plong	+0.0100%	1h	86,189	long leg	$4.0M	$16.4M	25x
Arcus BTC-USD	+0.0100%	1h	86,223.4	+0.040%	$4.6M	$93.5M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,176.9	−0.014%	$711.8M	$175.1M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	86,168	−0.024%	$5.47B	$10.32B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	86,172.4	−0.019%	$5.08B	$5.92B	500x	as long as short
Bitget BTCUSDT	+0.0100%	8h	86,163.3	−0.030%	$2.99B	$4.54B	150x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,160.6	−0.033%	$37.6M	$187.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,275.4	+0.100%	$158.2M	$510.0M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,267.1	+0.091%	$289.9M	$986.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,243.6	+0.063%	$216.7M	$143.1M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,270.8	+0.095%	$137.3M	$302.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,255.9	+0.078%	$30.4M	$212.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,272.9	+0.097%	—	$10.4M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,194	+0.006%	$11.0M	$13.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,190.8	+0.002%	$207K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,182.2	−0.008%	$2.6M	$9.5M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,196.5	+0.009%	$3.2M	$7.0M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,170	−0.022%	$60.3M	$257.8M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,170.7	−0.021%	$2.28B	$909.6M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,147.9	−0.048%	$46.4M	$219.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,196	+0.008%	—	$93.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,217.7	+0.033%	$112.7M	$5.27B	50x	as long as short
Hyperliquid BTC	+0.0137%	1h	86,250	+0.071%	$3.87B	$4.74B	40x	as long as short
Reya BTCRUSDPERP	+0.0154%	1h	86,154.3	−0.040%	$6.7M	$132.4M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0160%	1h	86,226.9	+0.044%	$835.6M	$1.61B	50x	as long as short
Kalshi KXBTCPERP	+0.0186%	8h	86,211	+0.026%	$11.1M	$725.9M	6.4x	as long as short
RISEx BTC/USDCshort	+0.0194%	1h	86,253.2	+0.074%	$9.0M	$40.7M	25x
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0185%	1h	86,185.1	−0.005%	$13.3M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0280%	1h	86,292.6	+0.120%	$684K	$7.4M	30x	as long as short
Aftermath Perps BTCUSD	+0.0403%	1h	86,242.2	+0.062%	$82K	$252K	20x	as long as short
Perpl BTC	+0.0447%	43m	86,219.8	+0.036%	$495K	$16.5M	6.7x	as long as short