Funding you earn now, next payment 00:55 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.039%
Price spread now: Perpl against SoDEX+0.066%7-day average +0.017% · 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)+0.080%+$8 on $10k
+Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.066%, 7d avg +0.017%
=Together, before fees+0.044%+ Points / potential airdropPerpl: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.048% dearer against SoDEX than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.017%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours. Mind the row above: over the last 3 days funding on this pair paid +0.080%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX BTC-USD | 85,736 | 0.0100 | pay 0.0013% / 1h | 26m 34s | $60.0M | $337.4M | 40x |
| Short | Perpl BTC | 85,792.2 | 0 | get 0.0000% / 43m | 31m 34s | $514K | $20.7M | 6.7x |
SoDEX BTC-USD
Perpl BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$21
- Price spread: +0.066% → +0.017%
- $4.84
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$37.96
- Costs to cover
- 0.218%
- Break-even
- never at this rate
Slippage unknown: SoDEX: live order book, 3 min ago; Perpl: 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, 3 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.1 bp −$505 | 41.4 bp −$20.7K |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 55 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 | −0.0144% | 1h | 85,735 | −0.001% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,748 | +0.014% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,771.6 | +0.042% | $365K | $2.3M | 50x | as long as short |
| Perpl BTCshort | 0.0000% | 43m | 85,792.2 | +0.066% | $514K | $20.7M | 6.7x | |
| dYdX BTC-USD | +0.0003% | 1h | 85,751.5 | +0.018% | $16.8M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,754.9 | +0.022% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,691 | −0.052% | $340K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0033% | 8h | 85,734.9 | −0.001% | $903.3M | $754.9M | 125x | as long as short |
| Aster BTCUSDT | +0.0035% | 8h | 85,765.1 | +0.034% | $516.7M | $1.14B | 200x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,798.5 | +0.073% | $8.2M | $42.1M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
KuCoin XBTUSDTM
Aster BTCUSDT
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0055% | 8h | 85,781.3 | +0.053% | — | $1.57B | — | as long as short |
| Reya BTCRUSDPERP | +0.0057% | 1h | 85,744.4 | +0.010% | $6.7M | $146.2M | 40x | as long as short |
| Nado BTC-PERP | +0.0058% | 1h | 85,740 | +0.005% | $22.6M | $227.8M | 50x | as long as short |
| HTX BTC-USDT | +0.0064% | 8h | 85,731 | −0.006% | $2.27B | $947.9M | 200x | as long as short |
| Bitget BTCUSDT | +0.0069% | 8h | 85,773.5 | +0.044% | $2.95B | $5.08B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0070% | 1h | 85,752.5 | +0.019% | $140.2M | $319.5M | 100x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,732 | −0.005% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0090% | 8h | 85,759.9 | +0.028% | $5.07B | $5.72B | 500x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,784.8 | +0.057% | $9.34B | $24.31B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,757.1 | +0.025% | $170.4M | $989.2M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,754.5 | +0.022% | $23.6M | $147.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,785 | +0.057% | $8.4M | $51.9M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,752 | +0.019% | $203K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,744.2 | +0.010% | $3.8M | $8.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,798 | +0.072% | $3.77B | $5.01B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,780.3 | +0.052% | $40.3M | $571.4M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,796.7 | +0.071% | $5.30B | $9.74B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,797.9 | +0.072% | $2.54B | $12.37B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,764 | +0.033% | $4.0M | $18.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,750.4 | +0.017% | $7.3M | $98.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,744.8 | +0.010% | $590.5M | $195.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,777.2 | +0.048% | $5.62B | $10.53B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,724.9 | −0.013% | $35.3M | $164.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,640.3 | −0.112% | $156.2M | $559.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,721 | −0.017% | $278.7M | $938.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,711.6 | −0.028% | $215.2M | $165.9M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,743.8 | +0.009% | $30.3M | $208.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,827.6 | +0.107% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,784 | +0.056% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,752 | +0.019% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,740.6 | +0.005% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,766.7 | +0.036% | $186K | $708K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,740.2 | +0.005% | $30.0M | $56.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,726.4 | −0.011% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USDlong | +0.0100% | 1h | 85,736 | long leg | $60.0M | $337.4M | 40x | |
| Phemex BTCUSDT | +0.0100% | 8h | 85,730.6 | −0.006% | $153.6M | $480.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,758.1 | +0.026% | $44.0M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,778.2 | +0.049% | — | $101.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,765.4 | +0.034% | $131.1M | $5.16B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0136% | 1h | 85,775.8 | +0.046% | $696K | $7.9M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,748.7 | +0.015% | $188.8M | $964.9M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0164% | 1h | 85,773.6 | +0.044% | $894.5M | $1.53B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0165% | 1h | 85,708.8 | −0.032% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0192% | 1h | 85,758.7 | +0.026% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0210% | 8h | 85,777 | +0.048% | $10.1M | $770.1M | 6.4x | as long as short |
BingX BTC-USDT
Reya BTCRUSDPERP
Nado BTC-PERP
HTX BTC-USDT
Bitget BTCUSDT
ApeX Omni BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
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
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
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
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP