Funding you earn now, next payment 16:00 UTC−0.0143%/8h= −15.7% APRnext payment −$1.43 per $10,000 · paid last 24h −0.019%
Price spread now: BloFin against SunX−0.033%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.033%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.037% cheaper against SunX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BTC-USDT | 85,928.6 | 0.0100 | pay 0.0100% / 8h | 4h 52m | $3.3M | $6.7M | 100x |
| Short | BloFin BTC-USDT | 85,900 | −0.0043 | pay 0.0043% / 8h | 4h 52m | $422.6M | $549.6M | 150x |
SunX BTC-USDT
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against SunX. 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
- −$30.04
- Price spread: −0.033% → +0.004%
- −$3.71
- Slippage, 4 orders
- −$0.63
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$54.39
- Costs to cover
- 0.206%
- Break-even
- never at this rate
Slippage from SunX: live order book, 10 min ago; BloFin: live order book, 5 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 SunX live order book, 10 min ago | 0.31 bp | 4.3 bp −$4 | 4.9 bp −$49 | 6.9 bp −$690 | 10.1 bp −$5,059 |
| Sell BloFin live order book, 5 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.1 bp −$611 | 7.5 bp −$3,752 |
BTC on 56 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0150% | 1h | 85,957 | +0.033% | $2.1M | $7.7M | 40x | as long as short |
| Perpl BTC | −0.0112% | 43m | 85,919 | −0.011% | $457K | $13.4M | 6.7x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,965 | +0.042% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDTshort | −0.0043% | 8h | 85,900 | −0.033% | $422.6M | $549.6M | 150x | |
| 01 Exchange BTCUSD | −0.0024% | 1h | 85,894.4 | −0.040% | $368K | $1.8M | 50x | as long as short |
| SoDEX BTC-USD | −0.0004% | 1h | 85,911 | −0.020% | $65.9M | $187.2M | 40x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,905.2 | −0.027% | $16.8M | $13.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0001% | 1h | 85,924 | −0.005% | $321K | $27.6M | 52x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,927.2 | −0.002% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0016% | 8h | 85,895.6 | −0.038% | $511.3M | $835.2M | 200x | as long as short |
Phoenix BTC
Perpl BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
SoDEX BTC-USD
dYdX BTC-USD
Injective BTC/USDC PERP
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0019% | 1h | 85,936.9 | +0.010% | $192.4M | $740.2M | 100x | as long as short |
| Popdex BTCUSDT | +0.0040% | 1h | 85,895 | −0.039% | $8.6M | $45.6M | 100x | as long as short |
| BingX BTC-USDT | +0.0047% | 8h | 85,897.5 | −0.036% | — | $1.29B | — | as long as short |
| KuCoin XBTUSDTM | +0.0055% | 8h | 85,893.5 | −0.041% | $943.1M | $634.2M | 125x | as long as short |
| Bybit BTCUSDT | +0.0059% | 8h | 85,892.5 | −0.042% | $5.14B | $7.98B | 150x | as long as short |
| Phemex BTCUSDT | +0.0069% | 8h | 85,917 | −0.013% | $170.9M | $474.0M | 150x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 85,886.3 | −0.049% | $5.16B | $4.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0077% | 8h | 85,881.7 | −0.055% | $9.41B | $20.06B | 150x | as long as short |
| Gate BTC_USDT | +0.0080% | 8h | 85,909.6 | −0.022% | $5.51B | $8.74B | 200x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,893.4 | −0.041% | $2.4M | $6.8M | 20x | as long as short |
| HTX BTC-USDT | +0.0082% | 8h | 85,903.2 | −0.030% | $2.27B | $773.3M | 200x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,899.2 | −0.034% | $3.00B | $3.84B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,916.8 | −0.014% | $172.9M | $826.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,904.6 | −0.028% | $23.7M | $116.5M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,873 | −0.065% | $228K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,922.3 | −0.007% | $5.9M | $7.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,913.7 | −0.017% | $23.3M | $189.6M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,929.8 | +0.001% | $40.3M | $568.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,897.9 | −0.036% | $2.63B | $9.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,903 | −0.030% | $4.0M | $14.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,909.2 | −0.023% | $4.8M | $91.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,898.5 | −0.035% | $38.3M | $195.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,938.4 | +0.011% | $156.6M | $472.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,924.3 | −0.005% | $289.7M | $732.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,957.8 | +0.034% | $216.0M | $132.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,968.8 | +0.047% | $137.9M | $288.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,950.1 | +0.025% | $30.2M | $227.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,956.2 | +0.032% | — | $10.1M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,898 | −0.036% | $11.1M | $12.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,909.4 | −0.022% | $215K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,911 | −0.020% | $2.6M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,942.5 | +0.016% | $143K | $607K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,966.8 | +0.044% | $29.1M | $44.6M | 15x | as long as short |
| SunX BTC-USDTlong | +0.0100% | 8h | 85,928.6 | long leg | $3.3M | $6.7M | 100x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,951.1 | +0.026% | $715.0M | $86.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,869.5 | −0.069% | $47.3M | $192.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,908.1 | −0.024% | — | $79.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0128% | 1h | 85,958.6 | +0.035% | $112.1M | $4.93B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0158% | 8h | 85,932 | +0.004% | $13.0M | $739.3M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0165% | 1h | 85,937.5 | +0.010% | $9.1M | $35.5M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0172% | 1h | 85,878.8 | −0.058% | $6.6M | $126.1M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0176% | 1h | 85,963.1 | +0.040% | $819.9M | $1.50B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0252% | 1h | 85,913.2 | −0.018% | $15.5M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0237% | 1h | 86,001 | +0.084% | $3.95B | $4.16B | 40x | as long as short |
| Hibachi BTC/USDT-P | +0.0304% | 1h | 85,982.9 | +0.063% | $696K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0330% | 1h | 85,930.6 | +0.002% | $79K | $228K | 20x | as long as short |
Kraken Futures PF_XBTUSD
Popdex BTCUSDT
BingX BTC-USDT
KuCoin XBTUSDTM
Bybit BTCUSDT
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Aevo BTC-PERP
HTX BTC-USDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
RISEx BTC/USDC
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD