BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.014%

Price spread now: Coinbase International against RISEx+0.066%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$170.170% of the position

Long on RISEx Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.066%, 7d avg +0.024%

Together, before fees−0.025%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.042% dearer against RISEx than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BTC/USDC	86,506	0.0052	pay 0.0007% / 1h	57m 18s	$8.4M	$42.8M	25x
Short	Coinbase International BTC-PERP-INTX	86,563	0.0120	get 0.0015% / 1h	57m 18s	$132.2M	$5.63B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee Coinbase InternationalbpOrdersPrice spread, now +0.066%Rate

Funding earned: $14.23
Price spread: +0.066% → +0.024%: $4.17
Slippage, 4 orders: −$0.99
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $1.41
Costs to cover: 0.170%
Break-even: 6.3 days

Slippage from RISEx: live order book, 2 min ago; Coinbase International: live order book, 2 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, 2 min ago	0.01 bp	3.3 bp −$3	3.3 bp −$33	10.2 bp −$1,023	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.0 bp −$505	11.7 bp −$5,840

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
Bluefin BTC-PERP	−0.1481%	1h	86,487.5	−0.021%	$140K	$664K	40x	as long as short
Phoenix BTC	−0.0118%	1h	86,544	+0.044%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,487	−0.022%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,492.8	−0.015%	$361K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,492	−0.016%	$413K	$22.2M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,494.6	−0.013%	$37.0M	—	200x	as long as short
dYdX BTC-USD	+0.0013%	1h	86,503	−0.004%	$16.9M	$21.2M	50x	as long as short
Aster BTCUSDT	+0.0015%	8h	86,480.6	−0.029%	$501.6M	$1.15B	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,616	+0.127%	$333K	$26.9M	52x	as long as short
KuCoin XBTUSDTM	+0.0028%	8h	86,472	−0.039%	$834.5M	$727.9M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BTCUSDT	+0.0039%	8h	86,472.4	−0.039%	$5.27B	$9.77B	150x	as long as short
Reya BTCRUSDPERP	+0.0039%	1h	86,467.9	−0.044%	$6.7M	$145.7M	40x	as long as short
BingX BTC-USDT	+0.0046%	8h	86,478.2	−0.032%	—	$1.59B	—	as long as short
RISEx BTC/USDClong	+0.0052%	1h	86,506	long leg	$8.4M	$42.8M	25x
Bitget BTCUSDT	+0.0058%	8h	86,445.7	−0.070%	$2.97B	$5.11B	150x	as long as short
SoDEX BTC-USD	+0.0065%	1h	86,520	+0.016%	$60.5M	$338.0M	40x	as long as short
MEXC BTC_USDT	+0.0076%	8h	86,467.4	−0.045%	$5.14B	$5.64B	500x	as long as short
Binance BTCUSDT	+0.0077%	8h	86,471.4	−0.040%	$9.44B	$24.53B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	86,468.9	−0.043%	$2.5M	$1.3M	20x	as long as short
Deribit BTC-PERPETUAL	+0.0092%	1h	86,559.2	+0.061%	$909.6M	$1.50B	50x	as long as short
Lighter BTC	+0.0096%	1h	86,499.8	−0.007%	$170.3M	$979.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,520.1	+0.016%	$23.7M	$148.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,473	−0.038%	$8.4M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,476	−0.035%	$201K	$7.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,515.6	+0.011%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,504.4	−0.002%	$22.1M	$233.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,551	+0.052%	$3.80B	$5.11B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,522.8	+0.019%	$40.8M	$540.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,460.6	−0.053%	$2.55B	$12.71B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,511	+0.006%	$3.9M	$18.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,525	+0.022%	$7.3M	$96.7M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,523.6	+0.020%	$572.9M	$12.4M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	86,474	−0.037%	$5.87B	$10.42B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,527.3	+0.025%	$37.8M	$156.3M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,554.4	+0.056%	$157.4M	$568.6M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,572.4	+0.077%	$279.6M	$946.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,585.4	+0.092%	$217.4M	$171.3M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,575	+0.080%	$141.8M	$323.5M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,558	+0.060%	$30.7M	$208.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,533.5	+0.032%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,467	−0.045%	$11.1M	$13.9M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,472.4	−0.039%	$193K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,442.9	−0.073%	$2.5M	$9.3M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,480.6	−0.029%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,529.9	+0.028%	$3.4M	$5.3M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,516.5	+0.012%	$2.30B	$969.9M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	86,533.9	+0.032%	$152.8M	$479.5M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	86,473	−0.038%	$45.8M	$224.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,533.3	+0.032%	—	$100.0M	500x	as long as short
Coinbase International BTC-PERP-INTXshort	+0.0120%	1h	86,563	+0.066%	$132.2M	$5.63B	50x
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,550.3	+0.051%	$193.4M	$951.1M	100x	as long as short
Aftermath Perps BTCUSD	+0.0163%	1h	86,556.4	+0.058%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0176%	1h	86,563.5	+0.066%	$716K	$8.0M	30x	as long as short
BloFin BTC-USDT	+0.0197%	8h	86,561	+0.064%	$415.4M	$659.9M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0201% / S −0.0224%	1h	86,488	−0.021%	$14.9M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0210%	8h	86,576	+0.081%	$10.0M	$756.5M	6.4x	as long as short