Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h −0.012%
Price spread now: SoDEX against Ondo Perps−0.002%7-day average −0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.002%, 7d avg −0.009%
=Together, before fees−0.038%+ Points / potential airdropOndo Perps: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BTC-USD.P | 86,090 | 0.0100 | pay 0.0013% / 1h | 5m 53s | $3.9M | $17.9M | 25x |
| Short | SoDEX BTC-USD | 86,088 | 0.0072 | get 0.0009% / 1h | 5m 53s | $60.3M | $338.3M | 40x |
Ondo Perps BTC-USD.P
SoDEX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$5.79
- Price spread: −0.002% → −0.009%
- $0.65
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$18.15
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; SoDEX: live order book, 3 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 SoDEX live order book, 3 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.0 bp −$495 | 41.8 bp −$20.9K |
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 | −0.0129% | 1h | 86,215 | +0.145% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,106 | +0.019% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 86,073.8 | −0.019% | $363K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,118.3 | +0.033% | $582K | $21.2M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,103.1 | +0.015% | $36.8M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,365 | +0.319% | $343K | $26.9M | 52x | as long as short |
| dYdX BTC-USD | +0.0024% | 1h | 86,108.9 | +0.022% | $16.9M | $20.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0032% | 8h | 86,077 | −0.015% | $499.1M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0043% | 8h | 86,086.5 | −0.004% | $827.5M | $715.6M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0049% | 1h | 86,066.4 | −0.027% | $6.7M | $145.8M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
dYdX BTC-USD
Aster BTCUSDT
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0052% | 1h | 86,087.1 | −0.003% | $8.2M | $42.4M | 25x | as long as short |
| BingX BTC-USDT | +0.0053% | 8h | 86,086.7 | −0.004% | — | $1.57B | — | as long as short |
| HTX BTC-USDT | +0.0064% | 8h | 86,085.7 | −0.005% | $2.28B | $957.8M | 200x | as long as short |
| Bluefin BTC-PERP | +0.0065% | 1h | 86,106.9 | +0.020% | $144K | $666K | 40x | as long as short |
| Bitget BTCUSDT | +0.0066% | 8h | 86,081.7 | −0.010% | $2.96B | $5.05B | 150x | as long as short |
| SoDEX BTC-USDshort | +0.0072% | 1h | 86,088 | −0.002% | $60.3M | $338.3M | 40x | |
| Aevo BTC-PERP | +0.0080% | 1h | 86,074.8 | −0.018% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0083% | 8h | 86,076.1 | −0.016% | $5.11B | $5.77B | 500x | as long as short |
| Binance BTCUSDT | +0.0083% | 8h | 86,080 | −0.012% | $9.37B | $24.22B | 150x | as long as short |
| Phemex BTCUSDT | +0.0085% | 8h | 86,107.2 | +0.020% | $155.5M | $473.3M | 150x | as long as short |
| Gate BTC_USDT | +0.0091% | 8h | 86,084.1 | −0.007% | $5.77B | $10.67B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,110.8 | +0.024% | $170.1M | $994.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,108.2 | +0.021% | $23.5M | $152.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,073 | −0.020% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,049 | −0.048% | $199K | $7.3M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,126.1 | +0.042% | $4.2M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,098 | +0.009% | $22.0M | $225.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,150 | +0.070% | $3.77B | $4.96B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,128.5 | +0.045% | $40.8M | $560.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,092.2 | +0.003% | $5.24B | $9.64B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,101.7 | +0.014% | $2.56B | $12.40B | 100x | as long as short |
| Ondo Perps BTC-USD.Plong | +0.0100% | 1h | 86,090 | long leg | $3.9M | $17.9M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 86,098.6 | +0.010% | $7.2M | $95.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,075.4 | −0.017% | $35.5M | $161.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,079.3 | −0.012% | $156.4M | $555.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,183.7 | +0.109% | $278.4M | $939.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,175.4 | +0.099% | $216.3M | $165.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,194.2 | +0.121% | $141.1M | $320.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,117.1 | +0.032% | $30.6M | $207.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,128.2 | +0.044% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,074 | −0.019% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,079.5 | −0.012% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,077.2 | −0.015% | $2.4M | $9.1M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,097.4 | +0.009% | $30.2M | $57.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,120.2 | +0.035% | $3.3M | $5.4M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,141.5 | +0.060% | $581.0M | $76.4M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,057.3 | −0.038% | $46.0M | $222.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,128.7 | +0.045% | — | $99.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,137.5 | +0.055% | $132.4M | $5.27B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,131.7 | +0.048% | $190.3M | $953.7M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0136% | 1h | 86,147.6 | +0.067% | $727K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0170% | 1h | 86,207.1 | +0.136% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0203% | 8h | 86,110 | +0.023% | $415.5M | $640.1M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0206% | 8h | 86,119 | +0.034% | $10.4M | $766.5M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0222% | 1h | 86,099.4 | +0.011% | $14.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0209% | 1h | 86,144.2 | +0.063% | $902.8M | $1.51B | 50x | as long as short |
RISEx BTC/USDC
BingX BTC-USDT
HTX BTC-USDT
Bluefin BTC-PERP
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Phemex BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Arcus BTC-USD
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
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
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
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL