Funding you earn now, next payment 16:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.94 per $10,000 · paid last 24h −0.025%
Price spread now: KuCoin against Orderly−0.012%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.012%, 7d avg −0.003%
=The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BTC_USDC | 85,480.9 | 0.0100 | pay 0.0100% / 8h | 7h 50m | $2.7M | $9.9M | 100x |
| Short | KuCoin XBTUSDTM | 85,470.7 | 0.0006 | get 0.0006% / 8h | 7h 50m | $930.8M | $776.4M | 125x |
Orderly PERP_BTC_USDC
KuCoin XBTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Orderly. 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
- −$19.74
- Price spread: −0.012% → −0.003%
- −$0.89
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$38.63
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago | 0.01 bp | 6.0 bp −$6 | 6.2 bp −$62 | 7.3 bp −$731 | doesn't fit |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,451 | −0.035% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,469.9 | −0.013% | $423.6M | $682.3M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,448 | −0.038% | $307K | $23.2M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,468 | −0.015% | $344K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,493.9 | +0.015% | $36.6M | — | 200x | as long as short |
| KuCoin XBTUSDTMshort | +0.0006% | 8h | 85,470.7 | −0.012% | $930.8M | $776.4M | 125x | |
| Aster BTCUSDT | +0.0028% | 8h | 85,465.8 | −0.018% | $502.4M | $1.08B | 200x | as long as short |
| dYdX BTC-USD | +0.0031% | 1h | 85,475.8 | −0.006% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,494.8 | +0.016% | $186.3M | $949.7M | 100x | as long as short |
| Phoenix BTC | +0.0075% | 1h | 85,461 | −0.023% | $2.3M | $10.4M | 40x | as long as short |
Hotstuff BTC-PERP
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
Phoenix BTCShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0080% | 8h | 85,459 | −0.026% | — | $1.58B | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0092% | 1h | 85,518.3 | +0.044% | $830.6M | $1.66B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,486.3 | +0.006% | $170.4M | $940.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,484.6 | +0.004% | $23.6M | $133.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,458 | −0.027% | $8.7M | $58.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,476.2 | −0.005% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,434 | −0.055% | $265K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,505.8 | +0.029% | $5.7M | $9.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,452.1 | −0.034% | $24.1M | $220.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,497.1 | +0.019% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,459.7 | −0.025% | $9.41B | $25.13B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,452.9 | −0.033% | $5.09B | $10.02B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,454.4 | −0.031% | $2.61B | $12.23B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,475 | −0.007% | $3.9M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,471.5 | −0.011% | $4.6M | $97.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,382 | −0.116% | $697.9M | $180.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,467.2 | −0.016% | $5.50B | $9.85B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,466.8 | −0.016% | $5.04B | $5.72B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,460.2 | −0.024% | $2.98B | $5.17B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,475.4 | −0.006% | $37.8M | $193.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,465.8 | −0.018% | $155.8M | $547.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,416.6 | −0.075% | $283.2M | $960.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,448.6 | −0.038% | $214.4M | $157.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,449.8 | −0.036% | $136.7M | $313.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,472.1 | −0.010% | $30.1M | $217.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,540.3 | +0.070% | — | $9.5M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,308 | −0.202% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,489 | +0.009% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDClong | +0.0100% | 8h | 85,480.9 | long leg | $2.7M | $9.9M | 100x | |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,530.5 | +0.058% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,381 | −0.117% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,479 | −0.002% | $59.8M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,479.6 | −0.002% | $2.26B | $974.3M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,472.6 | −0.010% | $160.5M | $517.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,430.7 | −0.059% | $45.7M | $241.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,404.8 | −0.089% | — | $107.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,530 | +0.057% | $111.5M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0146% | 1h | 85,473.1 | −0.009% | $6.6M | $140.0M | 40x | as long as short |
| Derive BTC-PERP | +0.0170% | 1h | 85,488.3 | +0.009% | $28.8M | $49.6M | 15x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0148% | 1h | 85,488.6 | +0.009% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0185% | 8h | 85,492 | +0.013% | $10.6M | $740.1M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,480.5 | 0.000% | $8.9M | $42.8M | 25x | as long as short |
| Hyperliquid BTC | +0.0253% | 1h | 85,554 | +0.086% | $3.82B | $5.14B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.0294% | 1h | 85,421.9 | −0.069% | $81K | $246K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0328% | 1h | 85,493 | +0.014% | $685K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,492.7 | +0.014% | $468K | $18.4M | 6.7x | as long as short |
BingX BTC-USDT
Deribit BTC-PERPETUAL
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
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
Bluefin BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Derive BTC-PERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hyperliquid BTC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC