Funding you earn now, next payment 04:00 UTC−0.0193%/8h= −21.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.024%
Price spread now: dYdX against RISEx−0.003%7-day average −0.012% · 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−$21as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 4 days (all we have)−0.089%−$9 on $10k
+Price spread, last 7 days−0.017%−$2 · spread now −0.003%, 7d avg −0.012%
=The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 85,436.5 | 0.0194 | pay 0.0024% / 1h | 42m 37s | $8.3M | $42.4M | 25x |
| Short | dYdX BTC-USD | 85,433.8 | 0.0000 | get 0.0000% / 1h | 42m 37s | $16.7M | $21.2M | 50x |
RISEx BTC/USDC
dYdX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$40.58
- Price spread: −0.003% → −0.012%
- $0.91
- Slippage, 4 orders
- −$5.95
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$61.62
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 2 min ago; dYdX: 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 | 3.0 bp −$3 | 3.0 bp −$30 | 11.6 bp −$1,163 | doesn't fit |
| Sell dYdX live order book, 2 min ago | 0.47 bp | 6.6 bp −$7 | 12.6 bp −$126 | 15.6 bp −$1,557 | 21.7 bp −$10.9K |
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 | −0.0590% | 1h | 85,453.7 | +0.020% | $206K | $738K | 40x | as long as short |
| Phoenix BTC | −0.0179% | 1h | 85,410 | −0.031% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,426 | −0.012% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,409.1 | −0.032% | $365K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0031% | 8h | 85,441.9 | +0.006% | $416.7M | $665.2M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0005% | 8h | 85,389.6 | −0.055% | $918.1M | $750.5M | 125x | as long as short |
| dYdX BTC-USDshort | 0.0000% | 1h | 85,433.8 | −0.003% | $16.7M | $21.2M | 50x | |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,470.1 | +0.039% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 85,400.6 | −0.042% | $514.6M | $1.10B | 200x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,394.1 | −0.050% | $6.9M | $97.2M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0054% | 1h | 85,548 | +0.130% | $22.6M | $219.3M | 50x | as long as short |
| BingX BTC-USDT | +0.0060% | 8h | 85,411.8 | −0.029% | — | $1.54B | — | as long as short |
| Bitget BTCUSDT | +0.0075% | 8h | 85,401.8 | −0.041% | $2.96B | $5.02B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0078% | 1h | 85,445.6 | +0.011% | $6.7M | $146.6M | 40x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,432.2 | −0.005% | $5.04B | $5.59B | 500x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,411.7 | −0.029% | $2.4M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0090% | 8h | 85,402.1 | −0.040% | $9.34B | $24.04B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,417.9 | −0.022% | $173.2M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,421.8 | −0.017% | $23.8M | $148.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,402 | −0.040% | $8.4M | $52.7M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,385 | −0.060% | $230K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,479.4 | +0.050% | $4.1M | $8.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,485 | +0.057% | $3.74B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,446.1 | +0.011% | $40.0M | $575.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,400.4 | −0.042% | $5.24B | $9.68B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,413.3 | −0.027% | $2.57B | $12.08B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,392 | −0.052% | $3.9M | $18.0M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,418.6 | −0.021% | $5.53B | $10.60B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,389.3 | −0.055% | $35.7M | $176.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,466.8 | +0.036% | $153.8M | $563.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,507.5 | +0.083% | $279.3M | $919.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,511.2 | +0.087% | $214.7M | $168.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,522.5 | +0.101% | $139.9M | $314.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,500.4 | +0.075% | $30.2M | $207.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,560.5 | +0.145% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,500 | +0.074% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,459 | +0.026% | $194K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,426.3 | −0.012% | $2.3M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,417.1 | −0.023% | $29.9M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,537.2 | +0.118% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,414 | −0.026% | $59.9M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,416.6 | −0.023% | $2.26B | $940.3M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,421.9 | −0.017% | $150.1M | $483.8M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,513.6 | +0.090% | $649.6M | $594.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,382.3 | −0.063% | $44.5M | $226.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,567 | +0.153% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,453.9 | +0.020% | $117.0M | $5.15B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0113% | 1h | 85,458.6 | +0.026% | $893.7M | $1.53B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,539 | +0.120% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,430.3 | −0.007% | $188.6M | $953.6M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0150% | 1h | 85,471.3 | +0.041% | $13.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,602.5 | +0.194% | $695K | $7.9M | 30x | as long as short |
| RISEx BTC/USDClong | +0.0194% | 1h | 85,436.5 | long leg | $8.3M | $42.4M | 25x | |
| Aftermath Perps BTCUSD | +0.0204% | 1h | 85,564.9 | +0.150% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,505 | +0.080% | $10.5M | $758.8M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,518.6 | +0.096% | $498K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
MEXC BTC_USDT
Aevo BTC-PERP
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
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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
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
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC