Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Derive against SunX+0.026%7-day average +0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.026%, 7d avg +0.008%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BTC-USDT | 86,504.4 | 0.0100 | pay 0.0100% / 8h | 33m 18s | $3.4M | $5.4M | 100x |
| Short | Derive BTC-PERP | 86,526.6 | 0.0100 | get 0.0013% / 1h | 33m 18s | $30.6M | $62.6M | 15x |
SunX BTC-USDT
Derive BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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: +0.026% → +0.008%
- $1.75
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$12.25
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 5 min ago; Derive: no order-book sample. Net counts fees only.
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, 5 min ago | 0.73 bp | 5.9 bp −$6 | 6.6 bp −$66 | 8.9 bp −$887 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,543 | +0.045% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,481 | −0.027% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.074% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,504.5 | 0.000% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,506.4 | +0.002% | $358K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | 0.0000% | 8h | 86,488.9 | −0.018% | $501.6M | $1.15B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,511.9 | +0.009% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0016% | 8h | 86,492 | −0.014% | $850.6M | $715.5M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0029% | 1h | 86,492.2 | −0.014% | $6.7M | $145.4M | 40x | as long as short |
| dYdX BTC-USD | +0.0037% | 1h | 86,539 | +0.040% | $17.0M | $21.1M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERP
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0042% | 8h | 86,491.7 | −0.015% | — | $1.59B | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0045% | 1h | 86,532.8 | +0.033% | $915.2M | $1.48B | 50x | as long as short |
| Phemex BTCUSDT | +0.0049% | 8h | 86,493.6 | −0.012% | $150.7M | $478.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,484.2 | −0.023% | $2.96B | $5.13B | 150x | as long as short |
| MEXC BTC_USDT | +0.0071% | 8h | 86,490.4 | −0.016% | $5.16B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0071% | 8h | 86,490.4 | −0.016% | $9.43B | $24.57B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,481.3 | −0.027% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,495.6 | −0.010% | $5.87B | $10.76B | 200x | as long as short |
| SoDEX BTC-USD | +0.0093% | 1h | 86,491 | −0.015% | $60.5M | $337.8M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,497.5 | −0.008% | $170.3M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,500.9 | −0.004% | $24.0M | $151.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,490 | −0.017% | $8.5M | $52.5M | 100x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,485.9 | −0.021% | $5.26B | $9.81B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,470 | −0.040% | $198K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,515.5 | +0.013% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,484 | −0.024% | $21.8M | $234.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,564 | +0.069% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,521.9 | +0.020% | $40.8M | $527.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,495.6 | −0.010% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,498 | −0.007% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,530.6 | +0.030% | $7.6M | $95.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,489.8 | −0.017% | $38.3M | $154.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,514.5 | +0.012% | $157.4M | $567.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,535.4 | +0.036% | $279.5M | $947.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,546.5 | +0.049% | $217.3M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,514.6 | +0.012% | $141.4M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,500.3 | −0.005% | $30.7M | $205.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,536.1 | +0.037% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,488 | −0.019% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,490.9 | −0.016% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,493.4 | −0.013% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,523 | +0.022% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERPshort | +0.0100% | 1h | 86,526.6 | +0.026% | $30.6M | $62.6M | 15x | |
| SunX BTC-USDTlong | +0.0100% | 8h | 86,504.4 | long leg | $3.4M | $5.4M | 100x | |
| HTX BTC-USDT | +0.0100% | 8h | 86,470.9 | −0.039% | $2.30B | $969.8M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,562.5 | +0.067% | $572.7M | $17.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,475.3 | −0.034% | $45.5M | $227.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,518.9 | +0.017% | — | $98.8M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,523.8 | +0.022% | $194.1M | $952.2M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,503.5 | −0.001% | $416K | $23.1M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,536 | +0.037% | $132.4M | $5.66B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0135% | 1h | 86,553.3 | +0.056% | $79K | $218K | 20x | as long as short |
| BloFin BTC-USDT | +0.0191% | 8h | 86,490.5 | −0.016% | $415.4M | $658.5M | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 86,544 | +0.046% | $728K | $8.1M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0194% / S −0.0216% | 1h | 86,506.4 | +0.002% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0208% | 8h | 86,522 | +0.020% | $9.7M | $745.4M | 6.4x | as long as short |
BingX BTC-USDT
Deribit BTC-PERPETUAL
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit 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
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
BloFin BTC-USDT
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP