Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.131%
Price spread now: Bluefin against StandX+0.096%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 7 days−0.389%−$39 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.096%, 7d avg −0.006%
=Together, before fees−0.476%+ Points / potential airdropStandX: Active · farm board−$48 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.103% dearer against StandX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX BTC-USD | 85,397 | 0.0100 | pay 0.0013% / 1h | 54m 05s | $30.1M | $216.9M | 40x |
| Short | Bluefin BTC-PERP | 85,479.3 | 0.0100 | get 0.0013% / 1h | 54m 05s | $194K | $796K | 40x |
StandX BTC-USD
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against StandX. 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
- Price spread: +0.096% → −0.006%
- $10.26
- Slippage, 4 orders
- −$8.25
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$12.99
- Costs to cover
- 0.233%
- Break-even
- never at this rate
Slippage from StandX: live order book, 5 min ago; Bluefin: live order book, 45 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 StandX live order book, 5 min ago | 0.59 bp | 4.9 bp −$5 | 6.0 bp −$60 | 7.9 bp −$790 | 9.0 bp −$4,510 |
| Sell Bluefin live order book, 45 min ago | 1.14 bp | 6.5 bp −$7 | 11.4 bp −$114 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,455 | +0.068% | $8K | $2K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,441 | +0.051% | $2.3M | $10.4M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,391.5 | −0.006% | $425.1M | $685.3M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,417 | +0.023% | $307K | $23.1M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,467.7 | +0.083% | $344K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0003% | 8h | 85,450.8 | +0.063% | $930.6M | $776.7M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,439.4 | +0.050% | $36.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0018% | 1h | 85,461.7 | +0.076% | $829.8M | $1.67B | 50x | as long as short |
| dYdX BTC-USD | +0.0019% | 1h | 85,464.7 | +0.079% | $16.7M | $21.0M | 50x | as long as short |
| Aster BTCUSDT | +0.0023% | 8h | 85,445.4 | +0.057% | $502.4M | $1.09B | 200x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Deribit BTC-PERPETUAL
dYdX BTC-USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,441.9 | +0.053% | $186.4M | $953.8M | 100x | as long as short |
| BingX BTC-USDC | +0.0080% | 8h | 85,420 | +0.027% | — | $17.5M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,445.5 | +0.057% | $170.5M | $939.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,451.9 | +0.064% | $23.6M | $133.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,467 | +0.082% | $8.7M | $58.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,436.5 | +0.046% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,434 | +0.043% | $264K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,485.6 | +0.104% | $5.7M | $9.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,459.2 | +0.073% | $24.1M | $220.1M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,475.4 | +0.092% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,442.6 | +0.053% | $9.41B | $25.18B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,442.8 | +0.054% | $5.08B | $10.02B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,446.2 | +0.058% | $2.61B | $12.25B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,462 | +0.076% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,468 | +0.083% | $4.6M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,382 | −0.018% | $697.9M | $180.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,435.8 | +0.045% | $5.46B | $9.83B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,431.4 | +0.040% | $5.02B | $5.71B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,437.5 | +0.047% | $2.98B | $5.18B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,428.9 | +0.037% | $37.7M | $193.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,356 | −0.048% | $155.8M | $547.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,397.3 | 0.000% | $283.2M | $959.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,349.1 | −0.056% | $214.2M | $159.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,343.3 | −0.063% | $138.1M | $312.7M | 100x | as long as short |
| StandX BTC-USDlong | +0.0100% | 1h | 85,397 | long leg | $30.1M | $216.9M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 85,525.4 | +0.150% | — | $9.5M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,314 | −0.097% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,466.9 | +0.082% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,436.3 | +0.046% | $2.7M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 85,479.3 | +0.096% | $194K | $796K | 40x | |
| SunX BTC-USDT | +0.0100% | 8h | 85,452.5 | +0.065% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,432 | +0.041% | $59.8M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,430.8 | +0.040% | $2.26B | $976.5M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,446.7 | +0.058% | $160.1M | $517.3M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,413.1 | +0.019% | $45.7M | $241.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,419.7 | +0.027% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,475 | +0.091% | $111.3M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0146% | 1h | 85,452 | +0.064% | $6.6M | $140.2M | 40x | as long as short |
| Derive BTC-PERP | +0.0170% | 1h | 85,488.3 | +0.107% | $28.8M | $49.6M | 15x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0148% | 1h | 85,453.3 | +0.066% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0181% | 8h | 85,488 | +0.107% | $10.8M | $740.5M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,478.5 | +0.095% | $8.9M | $42.9M | 25x | as long as short |
| Hyperliquid BTC | +0.0284% | 1h | 85,534 | +0.160% | $3.84B | $5.11B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.0293% | 1h | 85,393.6 | −0.004% | $81K | $247K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0320% | 1h | 85,404.5 | +0.009% | $686K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,464 | +0.078% | $470K | $18.4M | 6.7x | as long as short |
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
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
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Derive BTC-PERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hyperliquid BTC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC