Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Bulk against SunX−0.024%7-day average +0.013% · 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−$21as in the Price arb table
costs, in and out, $10k−$170.169% of the position
Funding, last 3 days (all we have)+0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.024%, 7d avg +0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.037% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BTC-USDT | 86,547.8 | 0.0100 | pay 0.0100% / 8h | 1h 51m | $3.4M | $5.5M | 100x |
| Short | Bulk BTC-USD | 86,527.4 | 0.0100 | get 0.0013% / 1h | 51m 26s | $571.7M | $19.3M | 40x |
SunX BTC-USDT
Bulk BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $0
- Price spread: −0.024% → +0.013%
- −$3.68
- Slippage, 4 orders
- −$1.86
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$20.54
- Costs to cover
- 0.169%
- Break-even
- never at this rate
Slippage from SunX: live order book, 7 min ago; Bulk: live order book, 3 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, 7 min ago | 0.87 bp | 4.9 bp −$5 | 5.9 bp −$59 | 8.9 bp −$885 | doesn't fit |
| Sell Bulk live order book, 3 min ago | 0.01 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.5 bp −$353 | 4.2 bp −$2,076 |
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 | −0.0203% | 1h | 86,603.6 | +0.064% | $79K | $199K | 20x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,601 | +0.061% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,531 | −0.019% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0028% | 1h | 86,590.3 | +0.049% | $17.6M | $20.6M | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,552.8 | +0.006% | $359K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 86,526.6 | −0.024% | $505.2M | $1.16B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,551.9 | +0.005% | $421K | $24.2M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,565.7 | +0.021% | $925.9M | $1.47B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0003% | 8h | 86,516.7 | −0.036% | $850.4M | $709.5M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,560.9 | +0.015% | $36.8M | — | 200x | as long as short |
Aftermath Perps BTCUSD
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0006% | 1h | 86,539.3 | −0.010% | $8.5M | $43.2M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0016% | 1h | 86,585.3 | +0.043% | $731K | $8.1M | 30x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,523.2 | −0.028% | $6.7M | $144.7M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,587 | +0.045% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0028% | 8h | 86,552.4 | +0.005% | $149.7M | $473.4M | 150x | as long as short |
| BingX BTC-USDC | +0.0030% | 8h | 86,526.2 | −0.025% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0038% | 8h | 86,530.8 | −0.020% | $2.95B | $5.09B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,532.4 | −0.018% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,526.4 | −0.025% | $5.19B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0059% | 8h | 86,533.8 | −0.016% | $9.42B | $24.38B | 150x | as long as short |
| SoDEX BTC-USD | +0.0063% | 1h | 86,528 | −0.023% | $60.5M | $336.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,523.1 | −0.029% | $5.85B | $10.62B | 200x | as long as short |
| Bybit BTCUSDT | +0.0088% | 8h | 86,539.9 | −0.009% | $5.27B | $9.73B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,536.6 | −0.013% | $172.0M | $997.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,552.4 | +0.005% | $24.0M | $151.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,529 | −0.022% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,516 | −0.037% | $205K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,564.4 | +0.019% | $4.7M | $8.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,533.1 | −0.017% | $21.7M | $234.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,604 | +0.065% | $3.81B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,570 | +0.026% | $41.0M | $499.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,535.1 | −0.015% | $2.55B | $12.71B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,519 | −0.033% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,613.4 | +0.076% | $7.4M | $94.0M | 40x | as long as short |
| Bulk BTC-USDshort | +0.0100% | 1h | 86,527.4 | −0.024% | $571.7M | $19.3M | 40x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,532.5 | −0.018% | $38.2M | $153.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,582.6 | +0.040% | $156.4M | $568.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,579.9 | +0.037% | $279.6M | $942.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,665.5 | +0.136% | $217.4M | $182.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,588.3 | +0.047% | $141.5M | $322.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,561.3 | +0.016% | $30.7M | $202.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,587.4 | +0.046% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,534 | −0.016% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,535 | −0.015% | $193K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,548.9 | +0.001% | $2.4M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,556.1 | +0.010% | $140K | $618K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,533.8 | −0.016% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDTlong | +0.0100% | 8h | 86,547.8 | long leg | $3.4M | $5.5M | 100x | |
| HTX BTC-USDT | +0.0100% | 8h | 86,531.1 | −0.019% | $2.30B | $959.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,515.7 | −0.037% | $46.4M | $225.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,558.1 | +0.012% | — | $99.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,576 | +0.033% | $131.6M | $5.78B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,562.3 | +0.017% | $191.3M | $937.3M | 100x | as long as short |
| BloFin BTC-USDT | +0.0180% | 8h | 86,545.9 | −0.002% | $416.7M | $655.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0210% | 1h | 86,554.7 | +0.008% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0187% | 8h | 86,585 | +0.043% | $9.5M | $726.7M | 6.4x | as long as short |
RISEx BTC/USDC
Hibachi BTC/USDT-P
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
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
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP