Funding you earn now, next payment 05:00 UTC−0.0222%/8h= −24.4% APRnext payment −$0.28 per $10,000 · paid last 24h −0.038%
Price spread now: Jupiter Perps against RISEx−0.107%7-day average −0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.107%, 7d avg −0.010%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Jupiter Perps is 0.097% cheaper against RISEx than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 85,612.1 | 0.0174 | pay 0.0022% / 1h | 31m 00s | $8.7M | $42.9M | 25x |
| Short | Jupiter Perps WBTC-PERP | 85,520.8 | L +0.0104% / S +0.0048% | pay 0.0006% / 1h | 31m 00s | — | $107.3M | 500x |
RISEx BTC/USDC
Jupiter Perps WBTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Jupiter Perps 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
- −$46.72
- Price spread: −0.107% → −0.010%
- −$9.68
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Net
- −$74.39
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 3 min ago; Jupiter Perps: no order-book sample. 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 RISEx live order book, 3 min ago | 0.01 bp | 3.5 bp −$4 | 3.9 bp −$39 | 11.1 bp −$1,109 | doesn't fit |
| Sell Jupiter Perps no order-book sample | — | — | — | — | — |
Jupiter Perps: 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 | 85,533 | −0.092% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,531 | −0.095% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0041% | 8h | 85,561.7 | −0.059% | $919.5M | $756.8M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,579.1 | −0.038% | $419.6M | $675.6M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,587.7 | −0.028% | $366K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | +0.0003% | 8h | 85,575 | −0.043% | $515.4M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0003% | 1h | 85,521.7 | −0.106% | $24.7M | $223.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,594.6 | −0.020% | $36.6M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0025% | 1h | 85,526.9 | −0.099% | $16.8M | $21.2M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,574 | −0.044% | $340K | $26.9M | 52x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BTCUSDT | +0.0065% | 8h | 85,593.7 | −0.021% | $148.1M | $494.4M | 150x | as long as short |
| BingX BTC-USDT | +0.0065% | 8h | 85,593.9 | −0.021% | — | $1.54B | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0080% | 1h | 85,642.4 | +0.035% | $884.6M | $1.59B | 50x | as long as short |
| Bitget BTCUSDT | +0.0081% | 8h | 85,579.5 | −0.038% | $2.96B | $5.12B | 150x | as long as short |
| SoDEX BTC-USD | +0.0085% | 1h | 85,591 | −0.025% | $60.0M | $336.0M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,607.4 | −0.005% | $172.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,605 | −0.008% | $24.0M | $148.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,578 | −0.040% | $8.4M | $55.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,605.5 | −0.008% | $2.5M | $1.7M | 20x | as long as short |
| Reya BTCRUSDPERP | +0.0098% | 1h | 85,586.1 | −0.030% | $6.6M | $147.0M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,560 | −0.061% | $200K | $8.3M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,567.3 | −0.052% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,674 | +0.072% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,570 | −0.049% | $40.3M | $584.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,586.5 | −0.030% | $9.42B | $24.39B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,579.2 | −0.038% | $5.19B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,586.1 | −0.030% | $2.59B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,575 | −0.043% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,578.7 | −0.039% | $4.7M | $100.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,517.4 | −0.111% | $680.3M | $725.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,594.2 | −0.021% | $5.55B | $10.80B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,579.3 | −0.038% | $5.08B | $5.66B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,588.1 | −0.028% | $36.2M | $179.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,584.9 | −0.032% | $154.4M | $565.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,489.2 | −0.143% | $279.3M | $927.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,522 | −0.105% | $214.9M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,519.9 | −0.108% | $139.8M | $315.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,549 | −0.074% | $30.2M | $207.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,632 | +0.023% | — | $11.4M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,591 | −0.025% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,580 | −0.037% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,609.1 | −0.003% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,655.4 | +0.051% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,597.6 | −0.017% | $30.1M | $50.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,583.5 | −0.033% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,580.2 | −0.037% | $2.27B | $948.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,539.1 | −0.085% | $44.9M | $233.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERPshort | L +0.0104% / S +0.0048% | 1h | 85,520.8 | −0.107% | — | $107.3M | 500x | |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,627 | +0.017% | $117.5M | $5.25B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,613.8 | +0.002% | $187.9M | $954.8M | 100x | as long as short |
| RISEx BTC/USDClong | +0.0174% | 1h | 85,612.1 | long leg | $8.7M | $42.9M | 25x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0153% | 1h | 85,592.7 | −0.023% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0204% | 8h | 85,589 | −0.027% | $11.7M | $755.0M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0245% | 1h | 85,555.3 | −0.066% | $78K | $221K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,568.4 | −0.051% | $697K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,580.7 | −0.037% | $504K | $18.8M | 6.7x | as long as short |
Phemex BTCUSDT
BingX BTC-USDT
Deribit BTC-PERPETUAL
Bitget BTCUSDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Reya BTCRUSDPERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC 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
HTX BTC-USDT
Extended BTC-USD
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC