Funding you earn now, next payment 22:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.033%
Price spread now: Orderly against 01 Exchange−0.033%7-day average −0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.095%+$10 on $10k
+Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.033%, 7d avg −0.018%
=The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 86,643.5 | 0 | get 0.0000% / 1h | 45m 53s | $361K | $2.5M | 50x |
| Short | Orderly PERP_BTC_USDC | 86,615.1 | 0.0099 | get 0.0099% / 8h | 2h 45m | $2.5M | $8.5M | 100x |
01 Exchange BTCUSD
Orderly PERP_BTC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $20.87
- Price spread: −0.033% → −0.018%
- −$1.46
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $6.4
- Costs to cover
- 0.130%
- Break-even
- 4.9 days
Slippage unknown: 01 Exchange: live order book, 3 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 01 Exchange live order book, 3 min ago | 0.01 bp | 4.2 bp −$4 | 8.1 bp −$81 | doesn't fit | 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 | 86,626.3 | −0.020% | $432K | $25.1M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0208% | 1h | 86,662 | +0.021% | $85K | $188K | 20x | as long as short |
| dYdX BTC-USD | −0.0105% | 1h | 86,651.2 | +0.009% | $18.0M | $20.0M | 50x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,579 | −0.074% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,620 | −0.027% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,573.9 | −0.080% | $846.2M | $707.9M | 125x | as long as short |
| 01 Exchange BTCUSDlong | 0.0000% | 1h | 86,643.5 | long leg | $361K | $2.5M | 50x | |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,626.8 | −0.019% | $938.6M | $1.42B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,631 | −0.014% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 86,573.7 | −0.081% | $505.4M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
dYdX BTC-USD
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,602.6 | −0.047% | $6.7M | $144.0M | 40x | as long as short |
| BingX BTC-USDC | +0.0021% | 8h | 86,572.7 | −0.082% | — | $15.3M | — | as long as short |
| Phemex BTCUSDT | +0.0025% | 8h | 86,592.1 | −0.059% | $149.4M | $470.7M | 150x | as long as short |
| Bitget BTCUSDT | +0.0027% | 8h | 86,561.6 | −0.095% | $2.94B | $5.07B | 150x | as long as short |
| MEXC BTC_USDT | +0.0048% | 8h | 86,587 | −0.065% | $5.19B | $5.64B | 500x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,596.8 | −0.054% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0049% | 8h | 86,567.5 | −0.088% | $9.43B | $24.29B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.102% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0062% | 8h | 86,573.1 | −0.081% | $2.57B | $12.69B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,639.7 | −0.004% | $9.2M | $42.1M | 25x | as long as short |
| Gate BTC_USDT | +0.0066% | 8h | 86,584 | −0.069% | $5.85B | $10.59B | 200x | as long as short |
| Bybit BTCUSDT | +0.0079% | 8h | 86,565.4 | −0.090% | $5.27B | $9.65B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,626.8 | −0.019% | $159.8M | $564.2M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,602.1 | −0.048% | $171.8M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,596.6 | −0.054% | $24.0M | $152.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,619 | −0.028% | $8.5M | $52.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0097% | 8h | 86,590 | −0.062% | $217.4M | $189.0M | 50x | as long as short |
| Orderly PERP_BTC_USDCshort | +0.0099% | 8h | 86,615.1 | −0.033% | $2.5M | $8.5M | 100x | |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,672.7 | +0.034% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,608 | −0.041% | $200K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,623.5 | −0.023% | $21.7M | $235.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,647 | +0.004% | $3.83B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,653.4 | +0.011% | $41.0M | $485.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,621 | −0.026% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,691.5 | +0.055% | $7.4M | $94.3M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | +0.025% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,577.3 | −0.076% | $38.1M | $148.2M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,590.7 | −0.061% | $279.7M | $948.0M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,636.4 | −0.008% | $141.8M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,613.9 | −0.034% | $30.8M | $205.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,671.6 | +0.032% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,612 | −0.036% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,607.9 | −0.041% | $198K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,623.5 | −0.023% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,602.4 | −0.047% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,615.9 | −0.032% | $3.4M | $5.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,588 | −0.064% | $60.4M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,589 | −0.063% | $2.30B | $955.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,567.5 | −0.088% | $46.5M | $229.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,646.7 | +0.004% | — | $98.0M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0113% | 8h | 86,648 | +0.005% | $8.8M | $723.0M | 6.4x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,618.9 | −0.028% | $191.3M | $927.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,635.6 | −0.009% | $131.9M | $5.88B | 50x | as long as short |
| BloFin BTC-USDT | +0.0168% | 8h | 86,618.6 | −0.029% | $418.8M | $642.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0198% | 1h | 86,626.3 | −0.020% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 86,644.2 | +0.001% | $600K | $7.2M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
GRVT BTC_USDT_Perp
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P