Funding you earn now, next payment 03:05 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.039%
Price spread now: Ondo Perps against Perpl−0.050%7-day average −0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 7 days−0.217%−$22 · spread now −0.050%, 7d avg −0.006%
=Together, before fees−0.488%+ Points / potential airdropPerpl: Active · Ondo Perps: Active · farm board−$49 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Ondo Perps is 0.044% cheaper against Perpl than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl BTC | 85,548.7 | 0.0447 | pay 0.0040% / 43m | 42m 11s | $501K | $18.8M | 6.7x |
| Short | Ondo Perps BTC-USD.P | 85,506 | 0.0100 | get 0.0013% / 1h | 28m 11s | $3.9M | $18.2M | 25x |
Perpl BTC
Ondo Perps BTC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$72.77
- Price spread: −0.050% → −0.006%
- −$4.36
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$95.93
- Costs to cover
- 0.188%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Ondo 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 Ondo Perps no order-book sample | — | — | — | — | — |
Perpl and Ondo 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0179% | 1h | 85,566 | +0.020% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,578 | +0.034% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,510.4 | −0.045% | $365K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,567.7 | +0.022% | $416.6M | $668.2M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0016% | 8h | 85,383.2 | −0.193% | $919.5M | $750.7M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,448.2 | −0.117% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0015% | 8h | 85,496 | −0.062% | $515.2M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0017% | 1h | 85,548.6 | 0.000% | $16.7M | $21.3M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,490.3 | −0.068% | $4.9M | $98.5M | 40x | as long as short |
| Nado BTC-PERP | +0.0030% | 1h | 85,504.2 | −0.052% | $25.2M | $221.9M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Arcus BTC-USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0061% | 8h | 85,420.2 | −0.150% | — | $17.1M | — | as long as short |
| Bitget BTCUSDT | +0.0077% | 8h | 85,424 | −0.146% | $2.94B | $5.07B | 150x | as long as short |
| Phemex BTCUSDT | +0.0081% | 8h | 85,408.3 | −0.164% | $147.3M | $487.1M | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0081% | 1h | 85,510.9 | −0.044% | $6.7M | $146.7M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,415.4 | −0.156% | $172.6M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,421.6 | −0.149% | $23.8M | $149.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,509 | −0.046% | $8.4M | $52.9M | 100x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,408.4 | −0.164% | $5.05B | $5.63B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,395.2 | −0.179% | $2.4M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,408.4 | −0.164% | $9.35B | $24.13B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,482 | −0.078% | $212K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,596.7 | +0.056% | $4.7M | $8.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,488 | −0.071% | $3.74B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,550.4 | +0.002% | $40.7M | $580.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,401.7 | −0.172% | $5.21B | $9.80B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,417.1 | −0.154% | $2.57B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.Pshort | +0.0100% | 1h | 85,506 | −0.050% | $3.9M | $18.2M | 25x | |
| Gate BTC_USDT | +0.0100% | 8h | 85,435.8 | −0.132% | $5.50B | $10.70B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,405.8 | −0.167% | $35.6M | $176.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,543.7 | −0.006% | $153.8M | $564.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,549.1 | 0.000% | $279.5M | $920.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,566.3 | +0.021% | $214.8M | $169.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,483.1 | −0.077% | $139.8M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,563 | +0.017% | $30.2M | $208.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,577.4 | +0.034% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,508 | −0.048% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,477 | −0.084% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,404.9 | −0.168% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,442.3 | −0.124% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,398 | −0.176% | $29.9M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,514.9 | −0.040% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,404 | −0.169% | $59.8M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,425 | −0.145% | $2.26B | $942.3M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,369.3 | −0.210% | $653.8M | $618.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,373.8 | −0.204% | $44.5M | $229.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,525.6 | −0.027% | — | $107.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,451 | −0.114% | $116.9M | $5.17B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0114% | 1h | 85,450.4 | −0.115% | $884.1M | $1.56B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,539 | −0.011% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,422.9 | −0.147% | $187.5M | $955.3M | 100x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,532.5 | −0.019% | $8.2M | $42.5M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0177% | 1h | 85,455.5 | −0.109% | $13.4M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0203% | 1h | 85,517.1 | −0.037% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,602.9 | +0.063% | $700K | $7.9M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,541 | −0.009% | $10.4M | $757.0M | 6.4x | as long as short |
| Perpl BTClong | +0.0447% | 43m | 85,548.7 | long leg | $501K | $18.8M | 6.7x |
BingX BTC-USDC
Bitget BTCUSDT
Phemex BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Kalshi KXBTCPERP