Funding you earn now, next payment 04:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.035%
Price spread now: Extended against 01 Exchange−0.006%7-day average −0.033% · 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−$12as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 4 days (all we have)+0.099%+$10 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now −0.006%, 7d avg −0.033%
=Together, before fees+0.080%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Extended is 0.027% dearer against 01 Exchange than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 85,547.8 | −0.0056 | get 0.0007% / 1h | 29m 16s | $365K | $2.3M | 50x |
| Short | Extended BTC-USD | 85,542.7 | 0.0104 | get 0.0013% / 1h | 29m 16s | $44.5M | $228.1M | 50x |
01 Exchange BTCUSD
Extended BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $33.6
- Price spread: −0.006% → −0.033%
- $2.73
- Slippage, 4 orders
- −$2.24
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $22.08
- Costs to cover
- 0.142%
- Break-even
- 2.4 days
Slippage from 01 Exchange: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago | 0.01 bp | 4.7 bp −$5 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 2.6 bp −$257 | 7.6 bp −$3,819 |
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 | −0.0179% | 1h | 85,566 | +0.021% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,578 | +0.035% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSDlong | −0.0056% | 1h | 85,547.8 | long leg | $365K | $2.3M | 50x | |
| BloFin BTC-USDT | −0.0023% | 8h | 85,567.7 | +0.023% | $416.6M | $668.2M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0015% | 8h | 85,530.2 | −0.021% | $921.0M | $750.5M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,582.8 | +0.041% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0015% | 8h | 85,574.1 | +0.031% | $515.7M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0018% | 1h | 85,591.7 | +0.051% | $16.7M | $21.3M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,535.1 | −0.015% | $4.6M | $98.3M | 40x | as long as short |
| Nado BTC-PERP | +0.0032% | 1h | 85,557 | +0.011% | $25.5M | $221.9M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Arcus BTC-USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0061% | 8h | 85,554.5 | +0.008% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0075% | 8h | 85,559.4 | +0.014% | $147.6M | $487.1M | 150x | as long as short |
| Bluefin BTC-PERP | +0.0076% | 1h | 85,614.8 | +0.078% | $207K | $738K | 40x | as long as short |
| Bitget BTCUSDT | +0.0077% | 8h | 85,569.4 | +0.025% | $2.95B | $5.07B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0081% | 1h | 85,566 | +0.021% | $6.7M | $146.7M | 40x | as long as short |
| MEXC BTC_USDT | +0.0095% | 8h | 85,578.3 | +0.036% | $5.07B | $5.63B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,566.3 | +0.022% | $173.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,582.2 | +0.040% | $23.9M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,551 | +0.004% | $8.4M | $52.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,564.8 | +0.020% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,557.3 | +0.011% | $9.37B | $24.12B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,523 | −0.029% | $212K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,619.7 | +0.084% | $4.6M | $8.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,636 | +0.103% | $3.75B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,588.2 | +0.047% | $40.8M | $580.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,548.1 | 0.000% | $5.22B | $9.78B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,535.4 | −0.014% | $2.58B | $12.16B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,540 | −0.009% | $3.9M | $18.1M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,579 | +0.036% | $5.51B | $10.69B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,600.5 | +0.062% | $35.7M | $176.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,543.7 | −0.005% | $153.8M | $564.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,549.1 | +0.002% | $279.5M | $920.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,566.3 | +0.022% | $214.8M | $169.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,483.1 | −0.076% | $139.8M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,567 | +0.022% | $30.2M | $208.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,619.4 | +0.084% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,562 | +0.017% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,577.9 | +0.035% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,574.8 | +0.032% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,563 | +0.018% | $30.0M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,595.1 | +0.055% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,568 | +0.024% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,552.1 | +0.005% | $2.27B | $942.6M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,369.3 | −0.209% | $653.8M | $618.7M | 40x | as long as short |
| Extended BTC-USDshort | +0.0104% | 1h | 85,542.7 | −0.006% | $44.5M | $228.1M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,564.9 | +0.020% | — | $107.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,605.1 | +0.067% | $117.1M | $5.18B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0138% | 1h | 85,611.9 | +0.075% | $884.2M | $1.56B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,539 | −0.010% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,581.5 | +0.039% | $187.7M | $955.0M | 100x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,573.9 | +0.030% | $8.2M | $42.5M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0177% | 1h | 85,583.7 | +0.042% | $13.4M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0202% | 1h | 85,527.9 | −0.023% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,602.9 | +0.064% | $700K | $7.9M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,595 | +0.055% | $10.4M | $757.8M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,594.4 | +0.054% | $503K | $18.8M | 6.7x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Bluefin BTC-PERP
Bitget BTCUSDT
Reya BTCRUSDPERP
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC