Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.02 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against SunX−0.025%7-day average +0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 3 days (all we have)+0.065%+$7 · spread now −0.025%, 7d avg +0.009%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.034% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BTC-USDT | 86,641.8 | 0.0100 | pay 0.0100% / 8h | 2h 49m | $3.4M | $5.6M | 100x |
| Short | Orderly PERP_BTC_USDC | 86,620.2 | 0.0098 | get 0.0098% / 8h | 2h 49m | $2.5M | $8.4M | 100x |
SunX BTC-USDT
Orderly PERP_BTC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$0.32
- Price spread: −0.025% → +0.009%
- −$3.36
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$17.68
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 9 min ago; Orderly: 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, 9 min ago | 0.48 bp | 4.5 bp −$4 | 5.3 bp −$53 | 9.2 bp −$923 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0335% | 43m | 86,625 | −0.019% | $426K | $25.1M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0197% | 1h | 86,736 | +0.109% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,701 | +0.068% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0090% | 1h | 86,651.2 | +0.011% | $18.0M | $20.0M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,590 | −0.060% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,572.7 | −0.080% | $844.5M | $709.2M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,606.1 | −0.041% | $361K | $2.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,636.2 | −0.006% | $921.5M | $1.39B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,638.2 | −0.004% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 86,581.6 | −0.069% | $505.5M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0020% | 8h | 86,581.4 | −0.070% | — | $1.60B | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,587.6 | −0.063% | $6.7M | $144.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0025% | 8h | 86,596.8 | −0.052% | $149.5M | $469.7M | 150x | as long as short |
| Bitget BTCUSDT | +0.0026% | 8h | 86,587.8 | −0.062% | $2.94B | $5.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0047% | 8h | 86,587.4 | −0.063% | $5.19B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0048% | 8h | 86,582.3 | −0.069% | $9.44B | $24.35B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,613.8 | −0.032% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.104% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0060% | 8h | 86,595.2 | −0.054% | $2.57B | $12.72B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,600.2 | −0.048% | $9.2M | $42.2M | 25x | as long as short |
| Gate BTC_USDT | +0.0064% | 8h | 86,583.8 | −0.067% | $5.85B | $10.57B | 200x | as long as short |
| Bybit BTCUSDT | +0.0077% | 8h | 86,582.5 | −0.069% | $5.27B | $9.70B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,626.8 | −0.017% | $159.8M | $564.2M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,597.1 | −0.052% | $171.9M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,623.2 | −0.021% | $24.0M | $152.7M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,635.2 | −0.008% | $217.5M | $189.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,578 | −0.074% | $8.5M | $52.1M | 100x | as long as short |
| Orderly PERP_BTC_USDCshort | +0.0098% | 8h | 86,620.2 | −0.025% | $2.5M | $8.4M | 100x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,628 | −0.016% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,579 | −0.072% | $200K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,600 | −0.048% | $21.8M | $237.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,650 | +0.009% | $3.83B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,620.7 | −0.024% | $40.9M | $485.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,630 | −0.014% | $3.9M | $18.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,667.5 | +0.030% | $7.4M | $95.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | +0.027% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,599.1 | −0.049% | $38.2M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,704.2 | +0.072% | $280.1M | $946.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,636.4 | −0.006% | $141.8M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,664 | +0.026% | $30.8M | $205.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,656.9 | +0.017% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,588 | −0.062% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,613.5 | −0.033% | $198K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,633 | −0.010% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,612.1 | −0.034% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDTlong | +0.0100% | 8h | 86,641.8 | long leg | $3.4M | $5.6M | 100x | |
| SoDEX BTC-USD | +0.0100% | 1h | 86,600 | −0.048% | $60.4M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,606.8 | −0.040% | $2.30B | $957.0M | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0101% | 8h | 86,666 | +0.028% | $8.9M | $724.7M | 6.4x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,569 | −0.084% | $46.6M | $229.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,663.1 | +0.025% | — | $97.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,643.7 | +0.002% | $192.0M | $926.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,652.9 | +0.013% | $132.0M | $5.92B | 50x | as long as short |
| BloFin BTC-USDT | +0.0168% | 8h | 86,613.6 | −0.033% | $418.1M | $642.2M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0199% | 1h | 86,631.1 | −0.012% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 86,672.4 | +0.035% | $598K | $7.2M | 30x | as long as short |
BingX BTC-USDT
Reya BTCRUSDPERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SoDEX BTC-USD
HTX BTC-USDT
Kalshi KXBTCPERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P