Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Bullet against StandX−0.066%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$200.205% of the position
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now −0.066%, 7d avg +0.011%
=Together, before fees+0.071%+ Points / potential airdropStandX: Active · farm board+$7 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: Bullet is 0.076% cheaper against StandX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX BTC-USD | 85,576.1 | 0.0100 | pay 0.0013% / 1h | 47m 28s | $30.2M | $207.5M | 40x |
| Short | Bullet BTC-USD | 85,520 | 0.0100 | get 0.0013% / 1h | 47m 28s | $194K | $3.3M | 20x |
StandX BTC-USD
Bullet BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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: −0.066% → +0.011%
- −$7.64
- Slippage, 4 orders
- −$4.47
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$28.1
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage from StandX: live order book, 2 min ago; Bullet: live order book, 2 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, 2 min ago | 1.23 bp | 5.2 bp −$5 | 5.6 bp −$56 | 7.4 bp −$742 | 8.8 bp −$4,408 |
| Sell Bullet live order book, 2 min ago | 0.23 bp | 5.5 bp −$5 | 8.7 bp −$87 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1041% | 1h | 85,488.9 | −0.102% | $194K | $725K | 40x | as long as short |
| Phoenix BTC | −0.0179% | 1h | 85,568 | −0.010% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,527 | −0.057% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,525.9 | −0.059% | $368K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0030% | 8h | 85,528.7 | −0.055% | $417.9M | $665.3M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0003% | 8h | 85,501.3 | −0.087% | $917.6M | $749.5M | 125x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,559.9 | −0.019% | $16.7M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,502.2 | −0.086% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0014% | 8h | 85,534.6 | −0.049% | $515.4M | $1.10B | 200x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,543.5 | −0.038% | $6.9M | $97.2M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0053% | 1h | 85,547.1 | −0.034% | $22.6M | $218.9M | 50x | as long as short |
| BingX BTC-USDT | +0.0060% | 8h | 85,477.2 | −0.116% | — | $1.54B | — | as long as short |
| Bitget BTCUSDT | +0.0075% | 8h | 85,453.9 | −0.143% | $2.95B | $5.02B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0078% | 1h | 85,511.9 | −0.075% | $6.7M | $146.6M | 40x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,463 | −0.132% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0089% | 8h | 85,518.9 | −0.067% | $5.04B | $5.58B | 500x | as long as short |
| Binance BTCUSDT | +0.0089% | 8h | 85,484.6 | −0.107% | $9.33B | $23.98B | 150x | as long as short |
| SoDEX BTC-USD | +0.0092% | 1h | 85,514 | −0.073% | $59.9M | $336.1M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,522.6 | −0.063% | $173.7M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,531.3 | −0.052% | $23.8M | $148.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,569 | −0.008% | $8.4M | $52.6M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,577.7 | +0.002% | $3.9M | $8.4M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,547 | −0.034% | $233K | $7.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,591 | +0.017% | $3.74B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,558.7 | −0.020% | $40.1M | $575.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,473.6 | −0.120% | $5.29B | $9.63B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,472 | −0.122% | $2.57B | $12.08B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,532 | −0.052% | $3.9M | $18.0M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,696.6 | +0.141% | $648.3M | $574.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,524 | −0.061% | $5.53B | $10.55B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,507.1 | −0.081% | $35.8M | $175.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,584.4 | +0.010% | $156.6M | $560.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,552.4 | −0.028% | $279.4M | $918.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,550.2 | −0.030% | $214.8M | $166.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,565.9 | −0.012% | $139.9M | $314.8M | 100x | as long as short |
| StandX BTC-USDlong | +0.0100% | 1h | 85,576.1 | long leg | $30.2M | $207.5M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 85,571 | −0.006% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,535 | −0.048% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USDshort | +0.0100% | 1h | 85,520 | −0.066% | $194K | $3.3M | 20x | |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,454.6 | −0.142% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,457.3 | −0.139% | $29.9M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,514.1 | −0.072% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,514.1 | −0.072% | $2.26B | $939.2M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,514.9 | −0.072% | $151.0M | $482.9M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,535.3 | −0.048% | $44.5M | $226.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,541.2 | −0.041% | — | $106.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,547.9 | −0.033% | $117.5M | $5.15B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,617 | +0.048% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,539.4 | −0.043% | $188.4M | $952.7M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0173% | 1h | 85,564.9 | −0.013% | $893.4M | $1.53B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,518.9 | −0.067% | $13.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,567.8 | −0.010% | $694K | $7.9M | 30x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,589.6 | +0.016% | $8.4M | $42.3M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0204% | 1h | 85,612.2 | +0.042% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,555 | −0.025% | $10.5M | $758.8M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,532.7 | −0.051% | $502K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
RISEx BTC/USDC
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC