Funding you earn now, next payment 04:31 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.040%
Price spread now: StandX against Perpl+0.020%7-day average −0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.294%−$29 on $10k
+Price spread, last 7 days−0.122%−$12 · spread now +0.020%, 7d avg −0.019%
=Together, before fees−0.416%+ Points / potential airdropPerpl: Active · StandX: Active · farm board−$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and StandX is 0.039% dearer against Perpl than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.294%, 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 | 85,450.5 | 0 | get 0.0000% / 43m | 7m 32s | $503K | $18.7M | 6.7x |
| Short | StandX BTC-USD | 85,468 | 0.0100 | get 0.0013% / 1h | 10m 32s | $30.2M | $206.7M | 40x |
Perpl BTC
StandX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- $21
- Price spread: +0.020% → −0.019%
- $3.93
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- $3.13
- Costs to cover
- 0.218%
- Break-even
- 6.0 days
Slippage unknown: Perpl: no order-book sample; StandX: live order book, 4 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 StandX live order book, 4 min ago | 0.99 bp | 5.7 bp −$6 | 7.1 bp −$71 | 8.6 bp −$863 | 10.5 bp −$5,266 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,504 | +0.063% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,456 | +0.006% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0045% | 8h | 85,421.5 | −0.034% | $919.2M | $758.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0028% | 8h | 85,443.4 | −0.008% | $420.3M | $675.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 85,426.2 | −0.028% | $514.4M | $1.10B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,454.2 | +0.004% | $363K | $2.3M | 50x | as long as short |
| Perpl BTClong | 0.0000% | 43m | 85,450.5 | long leg | $503K | $18.7M | 6.7x | |
| Nado BTC-PERP | +0.0003% | 1h | 85,430.1 | −0.024% | $24.4M | $222.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,449.2 | −0.002% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0028% | 1h | 85,448.7 | −0.002% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | +0.119% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0045% | 1h | 85,448 | −0.003% | $59.9M | $335.9M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0049% | 1h | 85,491.5 | +0.048% | $872.1M | $1.60B | 50x | as long as short |
| BingX BTC-USDT | +0.0063% | 8h | 85,428 | −0.026% | — | $1.55B | — | as long as short |
| Phemex BTCUSDT | +0.0066% | 8h | 85,448.5 | −0.002% | $148.6M | $497.9M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,434 | −0.019% | $2.95B | $5.12B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,439.8 | −0.013% | $2.8M | $3.5M | 20x | as long as short |
| MEXC BTC_USDT | +0.0091% | 8h | 85,430.1 | −0.024% | $5.07B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,430 | −0.024% | $9.44B | $24.47B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,441.7 | −0.010% | $171.9M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,439.1 | −0.013% | $23.9M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,431 | −0.023% | $8.4M | $55.1M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,417 | −0.039% | $229K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,490 | +0.046% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,521 | +0.083% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,468.6 | +0.021% | $40.4M | $591.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,425.1 | −0.030% | $5.17B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,443.9 | −0.008% | $2.59B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,438 | −0.015% | $3.8M | $17.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,437.3 | −0.015% | $4.7M | $99.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,455.5 | +0.006% | $679.5M | $683.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,434.1 | −0.019% | $5.53B | $10.85B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,439.2 | −0.013% | $36.4M | $178.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,415.2 | −0.041% | $154.4M | $565.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,455.6 | +0.006% | $279.2M | $930.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,470.5 | +0.023% | $214.8M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,468.6 | +0.021% | $139.7M | $316.0M | 100x | as long as short |
| StandX BTC-USDshort | +0.0100% | 1h | 85,468 | +0.020% | $30.2M | $206.7M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 85,496.3 | +0.054% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,434 | −0.019% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,435.2 | −0.018% | $203K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,432.6 | −0.021% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,492.4 | +0.049% | $206K | $737K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,426.4 | −0.028% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,419.6 | −0.036% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,439.1 | −0.013% | $2.26B | $950.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,400.1 | −0.059% | $45.8M | $234.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,465.5 | +0.018% | — | $106.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,484 | +0.039% | $117.5M | $5.26B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0104% | 1h | 85,423.8 | −0.031% | $6.6M | $147.2M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,467.5 | +0.020% | $187.7M | $956.7M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0166% | 8h | 85,476 | +0.030% | $11.5M | $753.1M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,469.4 | +0.022% | $8.6M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,456.4 | +0.007% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,481.3 | +0.036% | $700K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0254% | 1h | 85,495.3 | +0.052% | $78K | $222K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
Deribit BTC-PERPETUAL
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
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
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD