BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.46 per $10,000 · paid last 24h −0.021%

Price spread now: BingX against Orderly+0.031%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. BingX is 0.031% dearer against Orderly than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BTC_USDC	85,718.4	0.0100	pay 0.0100% / 8h	6h 30m	$2.4M	$9.0M	100x
Short	BingX BTC-USDT	85,745.4	0.0054	get 0.0054% / 8h	6h 30m	—	$1.58B	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Orderly. 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 OrderlybpFee BingXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$9.66
Price spread: +0.031% → 0.000%: $3.15
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.51
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; BingX: 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 Orderly no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	0.05 bp	5.1 bp −$5	5.1 bp −$51	5.2 bp −$519	5.8 bp −$2,915

Orderly: 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	−0.090%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,689	−0.034%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	85,680.8	−0.044%	$364K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	85,668.8	−0.058%	$515K	$20.9M	6.7x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,662	−0.066%	$16.8M	$20.9M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,710.9	−0.009%	$36.7M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,691	−0.032%	$340K	$26.9M	52x	as long as short
Aster BTCUSDT	+0.0034%	8h	85,700	−0.021%	$509.4M	$1.14B	200x	as long as short
KuCoin XBTUSDTM	+0.0035%	8h	85,711.8	−0.008%	$903.4M	$755.3M	125x	as long as short
ApeX Omni BTCUSDT	+0.0037%	1h	85,595.3	−0.144%	$140.0M	$320.4M	100x	as long as short

Show 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	−0.021%	$7.9M	$42.4M	25x	as long as short
BingX BTC-USDTshort	+0.0054%	8h	85,745.4	+0.031%	—	$1.58B	—
Reya BTCRUSDPERP	+0.0056%	1h	85,695.5	−0.027%	$6.7M	$146.2M	40x	as long as short
HTX BTC-USDT	+0.0057%	8h	85,700	−0.021%	$2.27B	$952.7M	200x	as long as short
Nado BTC-PERP	+0.0064%	1h	85,654.8	−0.074%	$22.7M	$228.2M	50x	as long as short
Bitget BTCUSDT	+0.0069%	8h	85,739.5	+0.025%	$2.95B	$5.11B	150x	as long as short
MEXC BTC_USDT	+0.0088%	8h	85,735.9	+0.020%	$5.07B	$5.72B	500x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,713.7	−0.006%	$2.5M	$1.8M	20x	as long as short
Binance BTCUSDT	+0.0088%	8h	85,730.3	+0.014%	$9.33B	$24.40B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,737.7	+0.023%	$169.6M	$987.2M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,743.1	+0.029%	$23.4M	$146.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,699	−0.023%	$8.4M	$52.0M	100x	as long as short
Gate BTC_USDT	+0.0097%	8h	85,741.5	+0.027%	$5.61B	$10.52B	200x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,656	−0.073%	$205K	$7.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,643.1	−0.088%	$3.8M	$8.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,795	+0.089%	$3.76B	$5.00B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,705.8	−0.015%	$40.7M	$569.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,756	+0.044%	$5.30B	$9.79B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,747.4	+0.034%	$2.54B	$12.41B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,684	−0.040%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,661.1	−0.067%	$7.3M	$98.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,731.9	+0.016%	$35.3M	$163.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,640.3	−0.091%	$156.2M	$559.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,580.7	−0.161%	$278.2M	$944.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,580.1	−0.161%	$214.9M	$167.6M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,647.7	−0.082%	$30.3M	$208.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,735.3	+0.020%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,696	−0.026%	$11.0M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,704	−0.017%	$188K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDClong	+0.0100%	8h	85,718.4	long leg	$2.4M	$9.0M	100x
Bluefin BTC-PERP	+0.0100%	1h	85,755.8	+0.044%	$186K	$708K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,714.5	−0.005%	$30.0M	$56.7M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,658.5	−0.070%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,727	+0.010%	$60.0M	$337.5M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,732	+0.016%	$153.2M	$480.2M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,587.5	−0.153%	$583.6M	$150.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,696.5	−0.026%	$43.9M	$228.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,667.7	−0.059%	—	$101.1M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,767.2	+0.057%	$131.1M	$5.18B	50x	as long as short
Hibachi BTC/USDT-P	+0.0136%	1h	85,697.9	−0.024%	$698K	$7.9M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,754.5	+0.042%	$188.9M	$965.2M	100x	as long as short
Aftermath Perps BTCUSD	+0.0164%	1h	85,662.2	−0.066%	$78K	$219K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0190%	1h	85,703.9	−0.017%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0209%	8h	85,705	−0.016%	$10.1M	$770.6M	6.4x	as long as short
Deribit BTC-PERPETUAL	+0.0221%	1h	85,772.9	+0.064%	$894.4M	$1.53B	50x	as long as short