Funding you earn now, next payment 07:23 UTC−0.0425%/8h= −46.5% APRpaid last 24h +0.022%
Price spread now: dYdX against Perpl−0.067%7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.437%−$44 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.067%, 7d avg −0.016%
=Together, before fees−0.397%+ Points / potential airdropPerpl: Active · farm board−$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and dYdX is 0.051% cheaper against Perpl than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl BTC | 85,378.6 | 0.0447 | pay 0.0040% / 43m | 31m 00s | $464K | $18.4M | 6.7x |
| Short | dYdX BTC-USD | 85,321.7 | 0.0022 | get 0.0003% / 1h | 59m 00s | $16.7M | $21.0M | 50x |
Perpl BTC
dYdX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$89.22
- Price spread: −0.067% → −0.016%
- −$5.07
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$118.09
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; dYdX: live order book, just now. 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 dYdX live order book, just now | 0.18 bp | 34.2 bp −$34 | 37.1 bp −$371 | 50.5 bp −$5,054 | 92.2 bp −$46.1K |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,351 | −0.032% | $8K | $2K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,341 | −0.044% | $2.3M | $10.4M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,343.9 | −0.041% | $421.7M | $685.6M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,364 | −0.017% | $311K | $22.9M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,335.5 | −0.050% | $345K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 85,370.8 | −0.009% | $929.9M | $776.8M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,345 | −0.039% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,376.5 | −0.002% | $502.8M | $1.09B | 200x | as long as short |
| dYdX BTC-USDshort | +0.0022% | 1h | 85,321.7 | −0.067% | $16.7M | $21.0M | 50x | |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,350.5 | −0.033% | $186.2M | $954.5M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Kraken Futures PF_XBTUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0069% | 8h | 85,396 | +0.020% | — | $1.59B | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0081% | 1h | 85,370.6 | −0.009% | $829.4M | $1.67B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,378.5 | 0.000% | $169.6M | $935.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,353.5 | −0.029% | $23.6M | $133.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,331 | −0.056% | $8.4M | $57.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,333.4 | −0.053% | $2.4M | $6.7M | 20x | as long as short |
| ApeX Omni BTCUSDT | +0.0097% | 1h | 85,273.7 | −0.123% | $138.0M | $312.8M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,358.3 | −0.024% | $5.7M | $9.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,299.9 | −0.092% | $24.0M | $219.8M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,359.9 | −0.022% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,385.1 | +0.008% | $9.41B | $25.19B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,401.4 | +0.027% | $5.09B | $10.03B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,406.5 | +0.033% | $2.61B | $12.27B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,338 | −0.048% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,369 | −0.011% | $4.6M | $97.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,256 | −0.144% | $695.2M | $190.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,377.9 | −0.001% | $5.46B | $9.80B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,382.6 | +0.005% | $5.03B | $5.70B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,381.9 | +0.004% | $2.98B | $5.19B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,362.9 | −0.018% | $36.9M | $191.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,265.8 | −0.132% | $155.3M | $548.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,267.5 | −0.130% | $282.8M | $959.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,283.5 | −0.111% | $214.0M | $159.0M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,270.7 | −0.126% | $30.1M | $216.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,403.9 | +0.030% | — | $9.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,315 | −0.074% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,346.3 | −0.038% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,344.5 | −0.040% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,383.4 | +0.006% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,339 | −0.046% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,338 | −0.048% | $59.8M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,336 | −0.050% | $2.26B | $976.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,365.2 | −0.016% | $159.3M | $516.8M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,359.2 | −0.023% | $45.7M | $241.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,306.1 | −0.085% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,381.3 | +0.003% | $111.8M | $5.47B | 50x | as long as short |
| Derive BTC-PERP | +0.0133% | 1h | 85,433.6 | +0.064% | $28.8M | $46.9M | 15x | as long as short |
| Reya BTCRUSDPERP | +0.0145% | 1h | 85,330.6 | −0.056% | $6.6M | $140.9M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0174% | 8h | 85,355 | −0.028% | $11.9M | $737.4M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,340.4 | −0.045% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,376.1 | −0.003% | $8.9M | $42.9M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0283% | 1h | 85,298.8 | −0.093% | $81K | $249K | 20x | as long as short |
| Hyperliquid BTC | +0.0292% | 1h | 85,456 | +0.091% | $3.79B | $5.11B | 40x | as long as short |
| Hibachi BTC/USDT-P | +0.0312% | 1h | 85,302.6 | −0.089% | $682K | $7.8M | 30x | as long as short |
| Perpl BTClong | +0.0447% | 43m | 85,378.6 | long leg | $464K | $18.4M | 6.7x |
BingX BTC-USDT
Deribit BTC-PERPETUAL
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
ApeX Omni BTCUSDT
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
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
Derive BTC-PERP
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Aftermath Perps BTCUSD
Hyperliquid BTC
Hibachi BTC/USDT-P