Funding you earn now, next payment 01:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.027%
Price spread now: Binance against 01 Exchange−0.144%7-day average +0.004% · 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−$37as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Funding, last 3 days (all we have)+0.084%+$8 on $10k
+Price spread, last 7 days+0.127%+$13 · spread now −0.144%, 7d avg +0.004%
=Funding pays, the price is against you. Binance is 0.149% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of +0.004%). If the spread goes back, that is −$15 on $10k: about 4.3 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 86,263.8 | −0.0032 | get 0.0004% / 1h | 18m 55s | $363K | $2.4M | 50x |
| Short | Binance BTCUSDT | 86,139.3 | 0.0083 | get 0.0083% / 8h | 7h 18m | $9.39B | $24.32B | 150x |
01 Exchange BTCUSD
Binance BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against 01 Exchange. 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
- $24.16
- Price spread: −0.144% → +0.004%
- −$14.87
- Slippage, 4 orders
- −$5.14
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$12.85
- Costs to cover
- 0.221%
- Break-even
- 10.7 days
Slippage from 01 Exchange: live order book, just now; Binance: live order book, 10 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 01 Exchange live order book, just now | 0.08 bp | 5.3 bp −$5 | 28.0 bp −$280 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.1 bp −$514 | 7.3 bp −$3,628 |
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 | −0.0129% | 1h | 86,359 | +0.110% | $2.2M | $11.2M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0120% | 1h | 86,242.4 | −0.025% | $144K | $666K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,268 | +0.005% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSDlong | −0.0032% | 1h | 86,263.8 | long leg | $363K | $2.4M | 50x | |
| Perpl BTC | 0.0000% | 43m | 86,264.1 | 0.000% | $480K | $21.2M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,277.5 | +0.016% | $36.9M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.109% | $343K | $26.9M | 52x | as long as short |
| dYdX BTC-USD | +0.0023% | 1h | 86,292.5 | +0.033% | $16.9M | $20.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0030% | 8h | 86,163.1 | −0.117% | $499.6M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0042% | 8h | 86,164.6 | −0.115% | $829.2M | $717.9M | 125x | as long as short |
Phoenix BTC
Bluefin BTC-PERP
Hotstuff BTC-PERP
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
dYdX BTC-USD
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0047% | 1h | 86,268 | +0.005% | $6.7M | $145.8M | 40x | as long as short |
| BingX BTC-USDC | +0.0050% | 8h | 86,129.9 | −0.155% | — | $15.3M | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,265.6 | +0.002% | $8.3M | $42.4M | 25x | as long as short |
| Bitget BTCUSDT | +0.0064% | 8h | 86,141.6 | −0.142% | $2.96B | $5.05B | 150x | as long as short |
| SoDEX BTC-USD | +0.0077% | 1h | 86,158 | −0.123% | $60.3M | $338.2M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,212.5 | −0.059% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0083% | 8h | 86,125.2 | −0.161% | $5.12B | $5.73B | 500x | as long as short |
| Binance BTCUSDTshort | +0.0083% | 8h | 86,139.3 | −0.144% | $9.39B | $24.32B | 150x | |
| Deribit BTC-PERPETUAL | +0.0090% | 1h | 86,206.6 | −0.066% | $902.2M | $1.51B | 50x | as long as short |
| Gate BTC_USDT | +0.0092% | 8h | 86,147.4 | −0.135% | $5.76B | $10.58B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,167.7 | −0.111% | $170.1M | $989.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,188.7 | −0.087% | $23.6M | $151.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,260 | −0.004% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,226 | −0.044% | $197K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,263.7 | 0.000% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,260.1 | −0.004% | $22.0M | $227.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,230 | −0.039% | $3.78B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,274.9 | +0.013% | $40.6M | $558.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,157.4 | −0.123% | $5.25B | $9.67B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,174.6 | −0.103% | $2.56B | $12.45B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,240 | −0.028% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,277.4 | +0.016% | $7.2M | $94.9M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,151.7 | −0.130% | $35.7M | $159.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,271.9 | +0.009% | $157.9M | $558.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,274.4 | +0.012% | $278.7M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,277 | +0.015% | $216.6M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,283.5 | +0.023% | $141.3M | $321.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,268.7 | +0.006% | $30.6M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,309.7 | +0.053% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,271 | +0.008% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,268.7 | +0.006% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,211.9 | −0.060% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,209.6 | −0.063% | $30.3M | $56.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,225.7 | −0.044% | $3.3M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,139.7 | −0.144% | $2.29B | $960.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,161.1 | −0.119% | $154.9M | $473.2M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,411.1 | +0.171% | $576.0M | $32.8M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,109.3 | −0.179% | $46.1M | $222.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,324.9 | +0.071% | — | $98.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,206.5 | −0.066% | $132.5M | $5.33B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,189.8 | −0.086% | $191.9M | $945.4M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,323 | +0.069% | $714K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0169% | 1h | 86,364.3 | +0.117% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0203% | 8h | 86,139.1 | −0.145% | $415.1M | $640.9M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0206% | 8h | 86,253 | −0.013% | $10.4M | $765.6M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0221% | 1h | 86,278.5 | +0.017% | $14.5M | — | 200x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
RISEx BTC/USDC
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Deribit BTC-PERPETUAL
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
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
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]