Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.026%
Price spread now: Deribit against StandX+0.015%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.015%, 7d avg +0.058%
=Together, before fees+0.032%+ Points / potential airdropStandX: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.043% cheaper against StandX than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.058%). If the spread goes back, that is −$4 on $10k: about 8.2 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX BTC-USD | 85,414.3 | 0.0100 | pay 0.0013% / 1h | 42m 38s | $30.1M | $209.6M | 40x |
| Short | Deribit BTC-PERPETUAL | 85,427.4 | 0.0117 | get 0.0015% / 1h | 42m 38s | $840.7M | $1.66B | 50x |
StandX BTC-USD
Deribit BTC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $3.67
- Price spread: +0.015% → +0.058%
- −$4.29
- Slippage, 4 orders
- −$3.11
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$18.74
- Costs to cover
- 0.181%
- Break-even
- 42.8 days
Slippage from StandX: live order book, 2 min ago; Deribit: 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 | 0.94 bp | 5.6 bp −$6 | 6.3 bp −$63 | 8.6 bp −$856 | 10.5 bp −$5,250 |
| Sell Deribit live order book, 2 min ago | 0.03 bp | 3.5 bp −$4 | 4.2 bp −$42 | 7.7 bp −$770 | 15.9 bp −$7,928 |
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 | 85,414 | 0.000% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,472 | +0.068% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0026% | 8h | 85,360.1 | −0.063% | $931.1M | $775.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,380.7 | −0.039% | $420.7M | $682.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,394.1 | −0.024% | $512.1M | $1.08B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,410 | −0.005% | $347K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,394 | −0.024% | $483K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 85,390.6 | −0.028% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,408.4 | −0.007% | $36.5M | — | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,396.1 | −0.021% | $185.6M | $952.5M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | +0.0066% | 1h | 85,421.4 | +0.008% | $139.6M | $312.8M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,367 | −0.055% | $338K | $24.6M | 52x | as long as short |
| BingX BTC-USDC | +0.0068% | 8h | 85,382.6 | −0.037% | — | $17.4M | — | as long as short |
| Nado BTC-PERP | +0.0079% | 1h | 85,387.5 | −0.031% | $24.1M | $220.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0084% | 8h | 85,391.1 | −0.027% | $5.14B | $9.98B | 150x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,402.1 | −0.014% | $2.97B | $5.18B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,403.2 | −0.013% | $169.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,402.8 | −0.013% | $23.6M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,409 | −0.006% | $8.4M | $57.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,392.3 | −0.026% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,400 | −0.017% | $5.05B | $5.72B | 500x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 85,399.9 | −0.017% | $9.41B | $25.01B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,376 | −0.045% | $271K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,434.5 | +0.024% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,451 | +0.043% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,424.6 | +0.012% | $40.1M | $605.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,399.9 | −0.017% | $2.60B | $12.21B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,399 | −0.018% | $3.9M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,409.9 | −0.005% | $4.7M | $96.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,349 | −0.076% | $691.7M | $275.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,368.2 | −0.054% | $5.53B | $11.03B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,379.7 | −0.040% | $37.3M | $185.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,426.4 | +0.014% | $156.0M | $554.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,436.8 | +0.026% | $283.3M | $959.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,426.5 | +0.014% | $214.4M | $159.5M | 50x | as long as short |
| StandX BTC-USDlong | +0.0100% | 1h | 85,414.3 | long leg | $30.1M | $209.6M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 85,467.4 | +0.062% | — | $10.1M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,405 | −0.011% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,409.4 | −0.006% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,398.8 | −0.018% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,427.2 | +0.015% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,375.9 | −0.045% | $30.0M | $45.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,397.4 | −0.020% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,387 | −0.032% | $59.8M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,395.7 | −0.022% | $2.26B | $966.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,408.6 | −0.007% | $158.9M | $514.1M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,348 | −0.078% | $45.5M | $241.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,407.4 | −0.008% | — | $106.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,421 | +0.008% | $112.3M | $5.48B | 50x | as long as short |
| Deribit BTC-PERPETUALshort | +0.0117% | 1h | 85,427.4 | +0.015% | $840.7M | $1.66B | 50x | |
| Reya BTCRUSDPERP | +0.0138% | 1h | 85,395.8 | −0.022% | $6.6M | $146.4M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,416 | +0.002% | $12.1M | $736.5M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,425.2 | +0.013% | $8.8M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,411.7 | −0.003% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,453.6 | +0.046% | $684K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0290% | 1h | 85,453.3 | +0.046% | $79K | $252K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDC
Nado BTC-PERP
Bybit BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
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
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
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
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD