Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.013%
Price spread now: Orderly against SoDEX+0.006%7-day average +0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.025%+$3 on $10k
+Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.006%, 7d avg +0.005%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX BTC-USD | 86,491 | 0.0096 | pay 0.0012% / 1h | 32m 29s | $60.5M | $337.2M | 40x |
| Short | Orderly PERP_BTC_USDC | 86,496.5 | 0.0100 | get 0.0100% / 8h | 1h 32m | $2.4M | $8.6M | 100x |
SoDEX BTC-USD
Orderly PERP_BTC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against SoDEX. 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
- $0.86
- Price spread: +0.006% → +0.005%
- $0.18
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$12.97
- Costs to cover
- 0.140%
- Break-even
- 112.7 days
Slippage unknown: SoDEX: live order book, 2 min ago; Orderly: 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 SoDEX live order book, 2 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.1 bp −$507 | 41.0 bp −$20.5K |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0571% | 1h | 86,515 | +0.028% | $140K | $618K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,627 | +0.157% | $2.2M | $11.8M | 40x | as long as short |
| Aftermath Perps BTCUSD | −0.0110% | 1h | 86,586 | +0.110% | $83K | $216K | 20x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,461 | −0.035% | $9K | $3K | 50x | as long as short |
| Aster BTCUSDT | −0.0010% | 8h | 86,448.7 | −0.049% | $504.5M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,476.6 | −0.017% | $358K | $2.4M | 50x | as long as short |
| dYdX BTC-USD | −0.0008% | 1h | 86,483.7 | −0.008% | $17.1M | $20.7M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 86,451.6 | −0.046% | $851.7M | $708.5M | 125x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,519.8 | +0.033% | $419K | $23.8M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,528.8 | +0.044% | $923.1M | $1.47B | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Aftermath Perps BTCUSD
Hotstuff BTC-PERP
Aster BTCUSDT
01 Exchange BTCUSD
dYdX BTC-USD
KuCoin XBTUSDTM
Perpl BTC
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,517.1 | +0.030% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,465.3 | −0.030% | $8.5M | $43.2M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,427.6 | −0.073% | $6.7M | $144.9M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.079% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0030% | 8h | 86,488.2 | −0.003% | $149.8M | $475.8M | 150x | as long as short |
| BingX BTC-USDT | +0.0034% | 8h | 86,465.8 | −0.029% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0043% | 8h | 86,435 | −0.065% | $2.94B | $5.08B | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0048% | 1h | 86,530.4 | +0.046% | $730K | $8.2M | 30x | as long as short |
| MEXC BTC_USDT | +0.0060% | 8h | 86,456.9 | −0.039% | $5.17B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,451.6 | −0.046% | $9.41B | $24.32B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,479.7 | −0.013% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0074% | 8h | 86,460.5 | −0.035% | $5.85B | $10.66B | 200x | as long as short |
| Bybit BTCUSDT | +0.0089% | 8h | 86,428.3 | −0.072% | $5.27B | $9.71B | 150x | as long as short |
| SoDEX BTC-USDlong | +0.0096% | 1h | 86,491 | long leg | $60.5M | $337.2M | 40x | |
| Lighter BTC | +0.0096% | 1h | 86,468.2 | −0.026% | $171.3M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,481.6 | −0.011% | $24.0M | $151.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,462 | −0.034% | $8.5M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,449 | −0.049% | $200K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,495.1 | +0.005% | $4.8M | $8.4M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,455.6 | −0.041% | $21.9M | $233.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,532 | +0.047% | $3.81B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,499.9 | +0.010% | $41.0M | $505.2M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,443.9 | −0.054% | $2.54B | $12.69B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,466 | −0.029% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,538.1 | +0.054% | $7.4M | $93.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,703.1 | +0.245% | $573.0M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,473.1 | −0.021% | $38.4M | $153.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,541.3 | +0.058% | $156.5M | $566.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,509.2 | +0.021% | $279.5M | $944.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,543.9 | +0.061% | $217.3M | $174.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,543.1 | +0.060% | $141.5M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,497.5 | +0.007% | $30.7M | $203.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,498 | +0.008% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,435 | −0.065% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,500.1 | +0.010% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDCshort | +0.0100% | 8h | 86,496.5 | +0.006% | $2.4M | $8.6M | 100x | |
| Derive BTC-PERP | +0.0100% | 1h | 86,495.3 | +0.005% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,515.5 | +0.028% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,476.7 | −0.017% | $2.30B | $965.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,446.3 | −0.052% | $46.4M | $225.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,542.7 | +0.060% | — | $98.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,530 | +0.045% | $131.8M | $5.70B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,520.5 | +0.034% | $191.1M | $937.6M | 100x | as long as short |
| BloFin BTC-USDT | +0.0180% | 8h | 86,473.2 | −0.021% | $414.5M | $651.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0182% / S −0.0216% | 1h | 86,509.3 | +0.021% | $15.4M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0195% | 8h | 86,540 | +0.057% | $9.6M | $729.3M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDT
Bitget BTCUSDT
Hibachi BTC/USDT-P
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP