BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.013%

Price spread now: RISEx against SoDEX+0.046%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$170.167% of the position

Long on SoDEX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.035%+$4 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.046%, 7d avg +0.025%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.021% dearer against SoDEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BTC-USD	85,368	0.0100	pay 0.0013% / 1h	25m 59s	$59.7M	$322.9M	40x
Short	RISEx BTC/USDC	85,407.2	0.0194	get 0.0024% / 1h	25m 59s	$8.9M	$42.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee RISExbpOrdersPrice spread, now +0.046%Rate

Funding earned: $19.72
Price spread: +0.046% → +0.025%: $2.09
Slippage, 4 orders: −$2.74
Fee SoDEX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $5.07
Costs to cover: 0.167%
Break-even: 5.2 days

Slippage from SoDEX: live order book, 3 min ago; RISEx: live order book, 8 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 SoDEX live order book, 3 min ago	0.06 bp	4.1 bp −$4	4.1 bp −$41	4.8 bp −$480	38.4 bp −$19.2K
Sell RISEx live order book, 8 min ago	0.01 bp	5.6 bp −$6	5.8 bp −$58	12.1 bp −$1,211	doesn't fit

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	−0.0985%	1h	85,419.4	+0.060%	$194K	$793K	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,413	+0.053%	$8K	$2K	50x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,417.2	+0.058%	$424.0M	$660.0M	150x	as long as short
Injective BTC/USDC PERP	−0.0006%	1h	85,430	+0.073%	$307K	$25.4M	52x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,389.8	+0.026%	$353K	$2.2M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,332.1	−0.042%	$36.5M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0019%	8h	85,369.6	+0.002%	$940.4M	$768.4M	125x	as long as short
Aster BTCUSDT	+0.0033%	8h	85,386.6	+0.022%	$502.7M	$1.07B	200x	as long as short
dYdX BTC-USD	+0.0056%	1h	85,427.6	+0.070%	$16.7M	$20.9M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0068%	1h	85,395.3	+0.032%	$185.8M	$918.0M	100x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix BTC	+0.0075%	1h	85,395	+0.032%	$2.3M	$10.4M	40x	as long as short
BingX BTC-USDT	+0.0080%	8h	85,369.8	+0.002%	—	$1.55B	—	as long as short
Nado BTC-PERP	+0.0091%	1h	85,385.6	+0.021%	$24.0M	$213.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	85,380.4	+0.015%	$171.3M	$948.2M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,376.4	+0.010%	$23.5M	$135.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,390	+0.026%	$8.7M	$58.0M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,392	+0.028%	$2.4M	$6.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,361	−0.008%	$265K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,426	+0.068%	$5.7M	$9.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	85,427.7	+0.070%	$40.2M	$602.4M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	85,409	+0.048%	$9.39B	$24.62B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,429.1	+0.072%	$5.08B	$9.72B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,432.4	+0.075%	$2.61B	$11.77B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,384	+0.019%	$3.9M	$17.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,390.2	+0.026%	$5.0M	$97.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,303.3	−0.076%	$702.0M	$164.8M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,377.2	+0.011%	$5.49B	$9.94B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	85,369.6	+0.002%	$5.05B	$5.76B	500x	as long as short
Bitget BTCUSDT	+0.0100%	8h	85,370.8	+0.003%	$2.98B	$4.98B	150x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,361.9	−0.007%	$37.5M	$192.1M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,397.1	+0.034%	$156.0M	$540.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,402.6	+0.040%	$285.5M	$965.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,409.3	+0.048%	$214.4M	$155.4M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,416.3	+0.057%	$136.6M	$311.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,417.3	+0.058%	$30.1M	$217.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,467.2	+0.116%	—	$10.0M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,230	−0.162%	$10.9M	$14.4M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,378.8	+0.013%	$211K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,377.5	+0.011%	$2.7M	$9.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,444.6	+0.090%	$28.8M	$52.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,435.7	+0.079%	$3.1M	$6.9M	100x	as long as short
SoDEX BTC-USDlong	+0.0100%	1h	85,368	long leg	$59.7M	$322.9M	40x
HTX BTC-USDT	+0.0100%	8h	85,400	+0.037%	$2.26B	$960.6M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,385.7	+0.021%	$164.0M	$511.0M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,349.2	−0.022%	$45.8M	$237.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,405.2	+0.044%	—	$105.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,425.3	+0.067%	$111.9M	$5.37B	50x	as long as short
Hyperliquid BTC	+0.0148%	1h	85,455	+0.102%	$3.83B	$5.15B	40x	as long as short
Reya BTCRUSDPERP	+0.0150%	1h	85,399.3	+0.037%	$6.6M	$136.9M	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0174% / S −0.0149%	1h	85,385.6	+0.021%	$13.0M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0175%	1h	85,429.3	+0.072%	$833.1M	$1.65B	50x	as long as short
Kalshi KXBTCPERP	+0.0192%	8h	85,431	+0.074%	$10.0M	$736.8M	6.4x	as long as short
RISEx BTC/USDCshort	+0.0194%	1h	85,407.2	+0.046%	$8.9M	$42.1M	25x
Aftermath Perps BTCUSD	+0.0346%	1h	85,448.5	+0.094%	$81K	$259K	20x	as long as short
Hibachi BTC/USDT-P	+0.0352%	1h	85,471.3	+0.121%	$688K	$7.6M	30x	as long as short
Perpl BTC	+0.0447%	43m	85,420.8	+0.062%	$454K	$17.9M	6.7x	as long as short