Funding you earn now, next payment 04:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h +0.007%
Price spread now: Extended against RISEx−0.042%7-day average −0.045% · 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−$13as in the Price arb table
costs, in and out, $10k−$140.135% of the position
Funding, last 4 days (all we have)+0.011%+$1 on $10k
+Price spread, last 7 days−0.012%−$1 · spread now −0.042%, 7d avg −0.045%
=Together, before fees−0.001%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$3 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 | 85,532.6 | 0.0194 | pay 0.0024% / 1h | 24m 58s | $8.2M | $42.5M | 25x |
| Short | Extended BTC-USD | 85,496.8 | 0.0104 | get 0.0013% / 1h | 24m 58s | $44.7M | $230.6M | 50x |
RISEx BTC/USDC
Extended BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$18.81
- Price spread: −0.042% → −0.045%
- $0.3
- Slippage, 4 orders
- −$2.53
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$32.04
- Costs to cover
- 0.135%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 4 min ago; Extended: live order book, 4 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 | 3.8 bp −$4 | 5.5 bp −$55 | 13.9 bp −$1,390 | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 2.7 bp −$269 | 8.4 bp −$4,184 |
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 | 85,485 | −0.056% | $2.1M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,485 | −0.056% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,510.9 | −0.025% | $365K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0024% | 8h | 85,505.5 | −0.032% | $417.1M | $667.7M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0018% | 8h | 85,497.1 | −0.042% | $921.8M | $750.7M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,526.9 | −0.007% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 85,495.7 | −0.043% | $515.4M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0016% | 1h | 85,497.7 | −0.041% | $16.7M | $21.3M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,482.3 | −0.059% | $4.9M | $97.9M | 40x | as long as short |
| Nado BTC-PERP | +0.0025% | 1h | 85,492.8 | −0.047% | $25.2M | $222.1M | 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-USDT | +0.0062% | 8h | 85,513.6 | −0.022% | — | $1.55B | — | as long as short |
| Phemex BTCUSDT | +0.0073% | 8h | 85,505.4 | −0.032% | $147.6M | $487.3M | 150x | as long as short |
| Bitget BTCUSDT | +0.0078% | 8h | 85,519.8 | −0.015% | $2.95B | $5.07B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0082% | 1h | 85,509.2 | −0.027% | $6.7M | $146.8M | 40x | as long as short |
| MEXC BTC_USDT | +0.0095% | 8h | 85,519.8 | −0.015% | $5.05B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0096% | 8h | 85,514.7 | −0.021% | $9.36B | $24.14B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,518.3 | −0.017% | $173.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,515.8 | −0.020% | $23.9M | $149.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,517 | −0.018% | $8.4M | $52.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,513.9 | −0.022% | $2.5M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,482 | −0.059% | $211K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,562.9 | +0.035% | $4.8M | $8.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,569 | +0.043% | $3.74B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,532.8 | 0.000% | $40.7M | $580.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,511.7 | −0.024% | $5.21B | $9.81B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,524.3 | −0.010% | $2.58B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,507 | −0.030% | $3.8M | $18.2M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,496.4 | −0.042% | $5.51B | $10.72B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,486.1 | −0.054% | $35.6M | $176.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,455.5 | −0.090% | $153.7M | $564.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,449 | −0.098% | $279.2M | $919.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,448.2 | −0.099% | $214.5M | $169.2M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,461 | −0.084% | $139.8M | $314.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,491.4 | −0.048% | $30.2M | $208.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,560.4 | +0.032% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,509 | −0.028% | $11.0M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,517.1 | −0.018% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,517.7 | −0.017% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,562.6 | +0.035% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,513.1 | −0.023% | $29.9M | $50.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,498 | −0.041% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,522 | −0.012% | $59.9M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,505.8 | −0.031% | $2.26B | $942.2M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,369.3 | −0.191% | $653.8M | $618.7M | 40x | as long as short |
| Extended BTC-USDshort | +0.0104% | 1h | 85,496.8 | −0.042% | $44.7M | $230.6M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,528.5 | −0.005% | — | $107.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,559.6 | +0.032% | $117.1M | $5.18B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0138% | 1h | 85,560.6 | +0.033% | $884.2M | $1.56B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,475 | −0.067% | $339K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,535.9 | +0.004% | $187.6M | $955.0M | 100x | as long as short |
| RISEx BTC/USDClong | +0.0194% | 1h | 85,532.6 | long leg | $8.2M | $42.5M | 25x | |
| Aftermath Perps BTCUSD | +0.0202% | 1h | 85,520.1 | −0.015% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0177% | 1h | 85,523.6 | −0.011% | $13.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,509.7 | −0.027% | $703K | $7.9M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,525 | −0.009% | $10.4M | $756.6M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,523.6 | −0.011% | $501K | $18.8M | 6.7x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC