Funding you earn now, next payment 04:00 UTC+0.0094%/8h= +10.2% APRpaid last 24h −0.008%
Price spread now: RISEx against SunX+0.104%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Funding, last 4 days (all we have)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.104%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.076% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BTC-USDT | 85,500.6 | 0.0100 | pay 0.0100% / 8h | 4h 46m | $2.9M | $6.1M | 100x |
| Short | RISEx BTC/USDC | 85,589.6 | 0.0194 | get 0.0024% / 1h | 46m 52s | $8.4M | $42.3M | 25x |
SunX BTC-USDT
RISEx BTC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $19.65
- Price spread: +0.104% → +0.029%
- $7.56
- Slippage, 4 orders
- −$2.18
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $11.03
- Costs to cover
- 0.162%
- Break-even
- 3.1 days
Slippage from SunX: live order book, 12 min ago; RISEx: 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 SunX live order book, 12 min ago | 0.09 bp | 4.9 bp −$5 | 6.3 bp −$63 | 8.3 bp −$831 | 11.2 bp −$5,602 |
| Sell RISEx live order book, 2 min ago | 0.01 bp | 3.0 bp −$3 | 3.0 bp −$30 | 10.1 bp −$1,009 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1041% | 1h | 85,488.9 | −0.014% | $194K | $725K | 40x | as long as short |
| Phoenix BTC | −0.0179% | 1h | 85,568 | +0.079% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,527 | +0.031% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,525.9 | +0.030% | $368K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0031% | 8h | 85,469.1 | −0.037% | $417.7M | $665.3M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0003% | 8h | 85,440.2 | −0.071% | $917.0M | $749.5M | 125x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,559.9 | +0.069% | $16.7M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,502.2 | +0.002% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0014% | 8h | 85,445.8 | −0.064% | $514.9M | $1.10B | 200x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,543.5 | +0.050% | $6.9M | $97.2M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0053% | 1h | 85,547.1 | +0.054% | $22.6M | $218.9M | 50x | as long as short |
| BingX BTC-USDT | +0.0060% | 8h | 85,425.7 | −0.088% | — | $1.54B | — | as long as short |
| Bitget BTCUSDT | +0.0075% | 8h | 85,436.9 | −0.075% | $2.96B | $5.02B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0078% | 1h | 85,511.9 | +0.013% | $6.7M | $146.6M | 40x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,463 | −0.044% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0089% | 8h | 85,423 | −0.091% | $5.04B | $5.58B | 500x | as long as short |
| Binance BTCUSDT | +0.0089% | 8h | 85,423.5 | −0.090% | $9.32B | $24.01B | 150x | as long as short |
| SoDEX BTC-USD | +0.0095% | 1h | 85,451 | −0.058% | $59.9M | $336.1M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,463.9 | −0.043% | $173.6M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,465.8 | −0.041% | $23.8M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,569 | +0.080% | $8.4M | $52.6M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,577.7 | +0.090% | $3.9M | $8.4M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,547 | +0.054% | $233K | $7.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,548.2 | +0.056% | $3.74B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,558.7 | +0.068% | $40.1M | $575.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,422 | −0.092% | $5.26B | $9.66B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,439 | −0.072% | $2.57B | $12.08B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,532 | +0.037% | $3.9M | $18.0M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,696.6 | +0.229% | $648.3M | $574.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,429 | −0.084% | $5.53B | $10.56B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,455.4 | −0.053% | $35.8M | $175.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,584.4 | +0.098% | $156.6M | $560.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,552.4 | +0.061% | $279.4M | $918.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,550.2 | +0.058% | $214.8M | $166.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,565.9 | +0.076% | $139.9M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,576.1 | +0.088% | $30.2M | $207.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,571 | +0.082% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,535 | +0.040% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,520 | +0.023% | $194K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,454.6 | −0.054% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,457.3 | −0.051% | $29.9M | $50.9M | 15x | as long as short |
| SunX BTC-USDTlong | +0.0100% | 8h | 85,500.6 | long leg | $2.9M | $6.1M | 100x | |
| HTX BTC-USDT | +0.0100% | 8h | 85,441.2 | −0.069% | $2.26B | $939.8M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,467 | −0.039% | $151.0M | $483.1M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,399.9 | −0.118% | $44.5M | $226.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,541.2 | +0.047% | — | $106.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,482.5 | −0.021% | $117.4M | $5.15B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,617 | +0.136% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,466.3 | −0.040% | $188.8M | $953.1M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0172% | 1h | 85,497.6 | −0.004% | $893.4M | $1.53B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,518.9 | +0.021% | $13.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,567.8 | +0.079% | $694K | $7.9M | 30x | as long as short |
| RISEx BTC/USDCshort | +0.0194% | 1h | 85,589.6 | +0.104% | $8.4M | $42.3M | 25x | |
| Aftermath Perps BTCUSD | +0.0204% | 1h | 85,612.2 | +0.130% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,553 | +0.061% | $10.4M | $758.9M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,532.7 | +0.038% | $502K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
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
Derive BTC-PERP
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC