Funding you earn now, next payment 05:14 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.001%
Price spread now: Jupiter Perps against Perpl−0.006%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 3 days (all we have)−0.221%−$22 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.006%, 7d avg −0.003%
=Together, before fees−0.236%+ Points / potential airdropPerpl: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.221%, 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 | 85,299.2 | −0.0112 | get 0.0010% / 43m | 21m 11s | $528K | $18.8M | 6.7x |
| Short | Jupiter Perps WBTC-PERP | 85,293.8 | L +0.0104% / S +0.0048% | pay 0.0006% / 1h | 41m 11s | — | $106.9M | 500x |
Perpl BTC
Jupiter Perps WBTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Jupiter Perps against Perpl. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $13.36
- Price spread: −0.006% → −0.003%
- −$0.34
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Net
- −$12.78
- Costs to cover
- 0.258%
- Break-even
- 13.7 days
Slippage unknown: Perpl: no order-book sample; Jupiter Perps: no order-book sample. 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 Jupiter Perps no order-book sample | — | — | — | — | — |
Perpl and Jupiter 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTClong | −0.0112% | 43m | 85,299.2 | long leg | $528K | $18.8M | 6.7x | |
| Phoenix BTC | −0.0111% | 1h | 85,377 | +0.091% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,327 | +0.033% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,240.3 | −0.069% | $921.2M | $762.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,214.6 | −0.099% | $420.2M | $678.7M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,300.8 | +0.002% | $381K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0014% | 8h | 85,182.5 | −0.137% | $512.4M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,303.2 | +0.005% | $16.7M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,262.7 | −0.043% | $36.4M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0009% | 1h | 85,290.8 | −0.010% | $24.5M | $222.4M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,449 | +0.176% | $339K | $26.8M | 52x | as long as short |
| SoDEX BTC-USD | +0.0035% | 1h | 85,243 | −0.066% | $59.7M | $335.8M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,264.5 | −0.041% | $187.7M | $955.6M | 100x | as long as short |
| Bullet BTC-USD | +0.0062% | 1h | 85,248 | −0.060% | $204K | $3.3M | 20x | as long as short |
| BingX BTC-USDT | +0.0066% | 8h | 85,216.7 | −0.097% | — | $1.56B | — | as long as short |
| Phemex BTCUSDT | +0.0071% | 8h | 85,243.3 | −0.066% | $149.3M | $501.9M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,239.7 | −0.070% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0082% | 8h | 85,217.5 | −0.096% | $2.95B | $5.16B | 150x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,210.7 | −0.104% | $5.07B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,179.4 | −0.140% | $9.41B | $24.77B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,255.8 | −0.051% | $171.4M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,254.4 | −0.053% | $23.8M | $147.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,274 | −0.030% | $8.3M | $55.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,287.1 | −0.014% | $117.0M | $5.32B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,259 | −0.047% | $239K | $8.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,351.8 | +0.062% | $5.6M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,289 | −0.012% | $3.76B | $5.05B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,330.9 | +0.037% | $40.0M | $595.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,183.5 | −0.136% | $5.15B | $9.91B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,221.5 | −0.091% | $2.58B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,275 | −0.028% | $3.8M | $17.5M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,281.1 | −0.021% | $4.7M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,324.1 | +0.029% | $679.5M | $626.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,225.7 | −0.086% | $5.52B | $10.84B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,207 | −0.108% | $36.0M | $174.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,226.6 | −0.085% | $154.6M | $565.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,305.9 | +0.008% | $279.2M | $939.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,382.3 | +0.097% | $214.6M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,308.3 | +0.011% | $139.4M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,351.5 | +0.061% | $30.1M | $206.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,348.6 | +0.058% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,276 | −0.027% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,245.1 | −0.063% | $2.3M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,288.1 | −0.013% | $206K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,230.4 | −0.081% | $30.0M | $50.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,230.5 | −0.081% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,220.5 | −0.092% | $2.26B | $953.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,219.8 | −0.093% | $45.6M | $237.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERPshort | L +0.0104% / S +0.0048% | 1h | 85,293.8 | −0.006% | — | $106.9M | 500x | |
| Reya BTCRUSDPERP | +0.0111% | 1h | 85,269 | −0.035% | $6.6M | $147.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0138% | 1h | 85,293.6 | −0.007% | $872.2M | $1.60B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,261.1 | −0.045% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0177% | 8h | 85,292 | −0.008% | $11.3M | $749.2M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,337.9 | +0.045% | $694K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0236% | 1h | 85,377.5 | +0.092% | $79K | $226K | 20x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,313.8 | +0.017% | $8.7M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
Kraken Futures PF_XBTUSD
Bullet BTC-USD
BingX BTC-USDT
Phemex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
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
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
RISEx BTC/USDC