Funding you earn now, next payment 20:36 UTC+0.0455%/8h= +49.8% APRpaid last 24h +0.046%
Price spread now: Coinbase International against Perpl+0.013%7-day average +0.030% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.333%−$33 on $10k
+Price spread, last 3 days (all we have)−0.145%−$15 · spread now +0.013%, 7d avg +0.030%
=Together, before fees−0.478%+ Points / potential airdropPerpl: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.333%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl BTC | 86,641.3 | −0.0335 | get 0.0030% / 43m | 36m 37s | $428K | $25.4M | 6.7x |
| Short | Coinbase International BTC-PERP-INTX | 86,652.9 | 0.0120 | get 0.0015% / 1h | 49m 37s | $132.0M | $5.92B | 50x |
Perpl BTC
Coinbase International BTC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Perpl. 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
- $95.53
- Price spread: +0.013% → +0.030%
- −$1.66
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $70.07
- Costs to cover
- 0.238%
- Break-even
- 1.9 days
Slippage unknown: Perpl: no order-book sample; Coinbase International: live order book, 5 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 5 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.9 bp −$586 | 13.1 bp −$6,549 |
Perpl: 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTClong | −0.0335% | 43m | 86,641.3 | long leg | $428K | $25.4M | 6.7x | |
| Aftermath Perps BTCUSD | −0.0197% | 1h | 86,736 | +0.109% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,701 | +0.069% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0090% | 1h | 86,651.2 | +0.011% | $18.0M | $20.0M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,622 | −0.022% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,572.7 | −0.079% | $844.5M | $709.2M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,662.3 | +0.024% | $361K | $2.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,636.2 | −0.006% | $921.5M | $1.39B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,638.2 | −0.004% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 86,579.3 | −0.072% | $505.5M | $1.16B | 200x | as long as short |
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0020% | 8h | 86,581.4 | −0.069% | — | $1.60B | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,624.2 | −0.020% | $6.7M | $143.9M | 40x | as long as short |
| Phemex BTCUSDT | +0.0025% | 8h | 86,596.8 | −0.051% | $149.5M | $469.7M | 150x | as long as short |
| Bitget BTCUSDT | +0.0026% | 8h | 86,581.7 | −0.069% | $2.94B | $5.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0047% | 8h | 86,585.1 | −0.065% | $5.19B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0048% | 8h | 86,588.7 | −0.061% | $9.44B | $24.35B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,613.8 | −0.032% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.105% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0060% | 8h | 86,585.8 | −0.064% | $2.57B | $12.72B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,600.2 | −0.047% | $9.2M | $42.2M | 25x | as long as short |
| Gate BTC_USDT | +0.0064% | 8h | 86,583.8 | −0.066% | $5.85B | $10.57B | 200x | as long as short |
| Bybit BTCUSDT | +0.0077% | 8h | 86,582.7 | −0.068% | $5.27B | $9.70B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,626.8 | −0.017% | $159.8M | $564.2M | — | as long as short |
| GRVT BTC_USDT_Perp | +0.0095% | 8h | 86,798 | +0.181% | $217.8M | $191.2M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,597.1 | −0.051% | $171.9M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,623.2 | −0.021% | $24.0M | $152.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,641 | 0.000% | $8.5M | $52.1M | 100x | as long as short |
| Orderly PERP_BTC_USDC | +0.0098% | 8h | 86,620.2 | −0.024% | $2.5M | $8.4M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,628 | −0.015% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,579 | −0.072% | $200K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,641 | 0.000% | $21.8M | $237.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,674 | +0.038% | $3.83B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,620.7 | −0.024% | $40.9M | $485.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,630 | −0.013% | $3.9M | $18.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,667.5 | +0.030% | $7.4M | $95.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | +0.027% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,599.1 | −0.049% | $38.2M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,704.2 | +0.073% | $280.1M | $946.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,714.1 | +0.084% | $141.9M | $322.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,664 | +0.026% | $30.8M | $205.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,695.3 | +0.062% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,649 | +0.009% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,613.5 | −0.032% | $198K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,633 | −0.010% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,612.1 | −0.034% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,641.8 | +0.001% | $3.4M | $5.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,600 | −0.048% | $60.4M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,606.8 | −0.040% | $2.30B | $957.0M | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0101% | 8h | 86,666 | +0.029% | $8.9M | $724.7M | 6.4x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,569 | −0.083% | $46.6M | $229.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,663.1 | +0.025% | — | $97.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,643.7 | +0.003% | $192.0M | $926.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTXshort | +0.0120% | 1h | 86,652.9 | +0.013% | $132.0M | $5.92B | 50x | |
| BloFin BTC-USDT | +0.0168% | 8h | 86,613.6 | −0.032% | $418.1M | $642.2M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0199% | 1h | 86,631.1 | −0.012% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 86,672.4 | +0.036% | $598K | $7.2M | 30x | as long as short |
BingX BTC-USDT
Reya BTCRUSDPERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
GRVT BTC_USDT_Perp
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Orderly PERP_BTC_USDC
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Kalshi KXBTCPERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P