Funding you earn now, next payment 07:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.005%
Price spread now: Binance against RISEx−0.033%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$170.165% of the position
Funding, last 4 days (all we have)−0.009%−$1 on $10k
+Price spread, last 7 days0.000%$0 · spread now −0.033%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.026% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 85,253.6 | 0.0193 | pay 0.0024% / 1h | 35m 23s | $8.7M | $42.9M | 25x |
| Short | Binance BTCUSDT | 85,225.3 | 0.0092 | get 0.0092% / 8h | 1h 35m | $9.42B | $24.96B | 150x |
RISEx BTC/USDC
Binance BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against RISEx. 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
- −$21.26
- Price spread: −0.033% → −0.007%
- −$2.61
- Slippage, 4 orders
- −$0.51
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$40.39
- Costs to cover
- 0.165%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 4 min ago; Binance: live order book, 9 min ago.
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 RISEx live order book, 4 min ago | 0.01 bp | 3.4 bp −$3 | 3.4 bp −$34 | 9.8 bp −$980 | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.4 bp −$543 | 7.0 bp −$3,480 |
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 | −0.0082% | 1h | 85,242 | −0.014% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,255 | +0.002% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0046% | 8h | 85,222.2 | −0.037% | $927.3M | $773.9M | 125x | as long as short |
| BloFin BTC-USDT | −0.0028% | 8h | 85,236.1 | −0.021% | $421.0M | $682.0M | 150x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 85,221.1 | −0.038% | $512.1M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,233.1 | −0.024% | $16.7M | $21.4M | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,240.1 | −0.016% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,254.6 | +0.001% | $495K | $18.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,241.3 | −0.014% | $36.4M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0045% | 1h | 85,234.8 | −0.022% | $24.4M | $222.5M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
01 Exchange BTCUSD
Perpl BTC
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | +0.0055% | 1h | 85,263.5 | +0.012% | $139.4M | $314.4M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.008% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0070% | 8h | 85,226.3 | −0.032% | — | $1.55B | — | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,225.7 | −0.033% | $2.96B | $5.18B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,220.5 | −0.039% | $2.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,242.7 | −0.013% | $186.0M | $957.5M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0089% | 1h | 85,269.5 | +0.019% | $862.3M | $1.64B | 50x | as long as short |
| MEXC BTC_USDT | +0.0091% | 8h | 85,224.8 | −0.034% | $5.01B | $5.75B | 500x | as long as short |
| Binance BTCUSDTshort | +0.0092% | 8h | 85,225.3 | −0.033% | $9.42B | $24.96B | 150x | |
| Lighter BTC | +0.0096% | 1h | 85,249.2 | −0.005% | $169.9M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,245.6 | −0.009% | $23.5M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,226 | −0.032% | $8.4M | $56.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0099% | 1h | 85,225 | −0.034% | $59.6M | $336.9M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,204 | −0.058% | $237K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,297.6 | +0.052% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,306.4 | +0.062% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,263.9 | +0.012% | $40.2M | $604.4M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,223.9 | −0.035% | $5.13B | $9.99B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,230.6 | −0.027% | $2.59B | $12.24B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,220 | −0.039% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,231.1 | −0.026% | $5.2M | $99.3M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,278.8 | +0.030% | $682.9M | $449.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,230.7 | −0.027% | $5.49B | $11.00B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,227.2 | −0.031% | $36.9M | $179.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,207.8 | −0.054% | $154.6M | $557.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,237.8 | −0.019% | $279.3M | $950.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,263.3 | +0.011% | $214.1M | $166.1M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,255.1 | +0.002% | $30.0M | $203.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,292.2 | +0.045% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,232 | −0.025% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,231.8 | −0.026% | $202K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,227.3 | −0.031% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,267.1 | +0.016% | $193K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,214.5 | −0.046% | $29.9M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,213.2 | −0.047% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,230.2 | −0.027% | $2.25B | $969.4M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,244.3 | −0.011% | $150.9M | $509.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,203.2 | −0.059% | $44.8M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,248.8 | −0.006% | — | $107.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,268.2 | +0.017% | $117.0M | $5.46B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0127% | 1h | 85,221.3 | −0.038% | $6.6M | $147.6M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0152% | 1h | 85,237.1 | −0.019% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0186% | 8h | 85,258 | +0.005% | $11.7M | $742.0M | 6.4x | as long as short |
| RISEx BTC/USDClong | +0.0193% | 1h | 85,253.6 | long leg | $8.7M | $42.9M | 25x | |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,264.1 | +0.012% | $684K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0265% | 1h | 85,279 | +0.030% | $79K | $229K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDT
Bitget BTCUSDT
Aevo BTC-PERP
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
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
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
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD