BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0177%/8h= −19.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.032%

Price spread now: dYdX against StandX+0.056%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on StandX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.056%, 7d avg +0.001%

Together, before fees−0.176%+ Points / potential airdropStandX: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.055% dearer against StandX than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of +0.001%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.154% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BTC-USD	86,625.2	0.0100	pay 0.0013% / 1h	27m 33s	$30.8M	$205.2M	40x
Short	dYdX BTC-USD	86,673.4	−0.0077	pay 0.0010% / 1h	27m 33s	$17.6M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against StandX. 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 StandXbpFee dYdXbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$37.2
Price spread: +0.056% → +0.001%: $5.46
Slippage, 4 orders: −$5.03
Fee StandX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$54.77
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; dYdX: 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	0.81 bp	6.3 bp −$6	8.2 bp −$82	9.1 bp −$915	10.1 bp −$5,045
Sell dYdX live order book, 2 min ago	0.46 bp	5.9 bp −$6	9.7 bp −$97	12.6 bp −$1,257	20.5 bp −$10.3K

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
Aftermath Perps BTCUSD	−0.0235%	1h	86,626.7	+0.002%	$85K	$188K	20x	as long as short
Perpl BTC	−0.0223%	43m	86,651.2	+0.030%	$428K	$24.8M	6.7x	as long as short
Phoenix BTC	−0.0103%	1h	86,583	−0.049%	$2.2M	$12.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,653	+0.032%	$9K	$3K	50x	as long as short
dYdX BTC-USDshort	−0.0077%	1h	86,673.4	+0.056%	$17.6M	$20.5M	50x
01 Exchange BTCUSD	0.0000%	1h	86,692.5	+0.078%	$364K	$2.4M	50x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,658.9	+0.039%	$935.3M	$1.44B	50x	as long as short
KuCoin XBTUSDTM	+0.0002%	8h	86,657.1	+0.037%	$844.4M	$704.7M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,647.7	+0.026%	$36.8M	—	200x	as long as short
Aster BTCUSDT	+0.0008%	8h	86,655.2	+0.035%	$506.1M	$1.16B	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0021%	1h	86,677.7	+0.061%	$6.7M	$144.4M	40x	as long as short
BingX BTC-USDC	+0.0023%	8h	86,661.8	+0.042%	—	$15.2M	—	as long as short
Phemex BTCUSDT	+0.0024%	8h	86,636.9	+0.013%	$149.9M	$471.4M	150x	as long as short
Bitget BTCUSDT	+0.0032%	8h	86,679.1	+0.062%	$2.95B	$5.07B	150x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,639	+0.016%	$315K	$26.8M	52x	as long as short
MEXC BTC_USDT	+0.0054%	8h	86,668.2	+0.050%	$5.18B	$5.68B	500x	as long as short
Binance BTCUSDT	+0.0055%	8h	86,679.3	+0.062%	$9.45B	$24.31B	150x	as long as short
Aevo BTC-PERP	+0.0056%	1h	86,626.8	+0.002%	$2.4M	$1.3M	20x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,676.1	+0.059%	$9.2M	$42.0M	25x	as long as short
Gate BTC_USDT	+0.0077%	8h	86,669.6	+0.051%	$5.86B	$10.64B	200x	as long as short
OKX BTC-USDT-SWAP	+0.0077%	8h	86,685.9	+0.070%	$2.56B	$12.71B	100x	as long as short
Bybit BTCUSDT	+0.0083%	8h	86,673.9	+0.056%	$5.27B	$9.67B	150x	as long as short
Variational Omni BTC	+0.0095%	8h	86,614.5	−0.012%	$160.3M	$564.8M	—	as long as short
Lighter BTC	+0.0096%	1h	86,681.2	+0.065%	$172.1M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,683.3	+0.067%	$24.0M	$153.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,668	+0.049%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,662	+0.042%	$194K	$6.8M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,714.5	+0.103%	$4.8M	$8.2M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,668.7	+0.050%	$21.8M	$235.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,740	+0.133%	$3.82B	$5.13B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,697.6	+0.084%	$40.9M	$492.6M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,664	+0.045%	$3.9M	$18.5M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,738.9	+0.131%	$7.4M	$93.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,577.9	−0.055%	$571.8M	$22.4M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,632.7	+0.009%	$38.1M	$148.4M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,587	−0.044%	$279.7M	$950.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,622.1	−0.004%	$217.5M	$187.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,626.6	+0.002%	$141.4M	$322.8M	100x	as long as short
StandX BTC-USDlong	+0.0100%	1h	86,625.2	long leg	$30.8M	$205.2M	40x
Vest BTC-PERP	+0.0100%	1h	86,724.6	+0.115%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,680	+0.063%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,627	+0.002%	$196K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,642.3	+0.020%	$2.5M	$8.5M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,653.2	+0.032%	$141K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,636.1	+0.013%	$30.0M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,643.8	+0.021%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,619	−0.007%	$60.5M	$336.4M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,626.4	+0.001%	$2.30B	$957.0M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,657.4	+0.037%	$46.4M	$227.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,660.6	+0.041%	—	$98.4M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0117%	1h	86,651.4	+0.030%	$188.7M	$931.8M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,664.1	+0.045%	$131.9M	$5.86B	50x	as long as short
Kalshi KXBTCPERP	+0.0126%	8h	86,660	+0.040%	$8.9M	$723.6M	6.4x	as long as short
BloFin BTC-USDT	+0.0174%	8h	86,596.5	−0.033%	$417.0M	$653.0M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0178% / S −0.0185%	1h	86,641.1	+0.018%	$14.9M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	86,636.4	+0.013%	$614K	$7.1M	30x	as long as short