Funding you earn now, next payment 03:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.019%
Price spread now: Derive against Aevo+0.002%7-day average +0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.002%, 7d avg +0.016%
=The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo BTC-PERP | 85,739.2 | 0.0080 | pay 0.0010% / 1h | 11m 32s | $2.5M | $1.7M | 20x |
| Short | Derive BTC-PERP | 85,740.7 | 0.0100 | get 0.0013% / 1h | 11m 32s | $30.0M | $50.9M | 15x |
Aevo BTC-PERP
Derive BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Aevo. 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
- $4.2
- Price spread: +0.002% → +0.016%
- −$1.4
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$19.2
- Costs to cover
- 0.220%
- Break-even
- 39.0 days
Slippage unknown: Aevo: live order book, 3 min ago; Derive: 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 Aevo live order book, 3 min ago | 2.83 bp | 10.8 bp −$11 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0649% | 1h | 85,782.9 | +0.051% | $196K | $721K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,753 | +0.016% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,786 | +0.055% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,806.8 | +0.079% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,743.9 | +0.005% | $417.6M | $665.4M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,797.2 | +0.068% | $16.8M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 85,763.3 | +0.028% | $919.8M | $751.4M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,763.3 | +0.028% | $36.7M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0012% | 1h | 85,759.3 | +0.023% | $22.6M | $219.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,794.7 | +0.065% | $516.8M | $1.10B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0057% | 8h | 85,798.9 | +0.070% | — | $1.53B | — | as long as short |
| Bitget BTCUSDT | +0.0072% | 8h | 85,798.6 | +0.069% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0072% | 1h | 85,745.7 | +0.008% | $6.7M | $146.5M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,807 | +0.079% | $341K | $26.9M | 52x | as long as short |
| Phemex BTCUSDT | +0.0080% | 8h | 85,735.3 | −0.005% | $148.9M | $480.0M | 150x | as long as short |
| Aevo BTC-PERPlong | +0.0080% | 1h | 85,739.2 | long leg | $2.5M | $1.7M | 20x | |
| MEXC BTC_USDT | +0.0087% | 8h | 85,788.9 | +0.058% | $5.08B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,803.3 | +0.075% | $9.36B | $23.87B | 150x | as long as short |
| HTX BTC-USDT | +0.0090% | 8h | 85,743.7 | +0.005% | $2.27B | $935.9M | 200x | as long as short |
| SoDEX BTC-USD | +0.0093% | 1h | 85,744 | +0.006% | $60.0M | $336.2M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,795.1 | +0.065% | $175.0M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,779.3 | +0.047% | $23.9M | $149.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,803 | +0.074% | $8.4M | $52.2M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,819.3 | +0.093% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,779 | +0.046% | $198K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,842 | +0.120% | $3.75B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,819.9 | +0.094% | $40.2M | $577.3M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,809.4 | +0.082% | $5.34B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,817.9 | +0.092% | $2.58B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,774 | +0.041% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,783.5 | +0.052% | $6.8M | $97.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,800.8 | +0.072% | $635.6M | $478.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,818.7 | +0.093% | $5.56B | $10.56B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,740.3 | +0.001% | $35.3M | $172.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,806.6 | +0.079% | $157.6M | $550.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,749.7 | +0.012% | $280.1M | $916.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,776.3 | +0.043% | $215.4M | $165.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,774.1 | +0.041% | $140.3M | $314.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,766.5 | +0.032% | $30.3M | $209.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,806.6 | +0.079% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,753 | +0.016% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,757 | +0.021% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,739.4 | 0.000% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERPshort | +0.0100% | 1h | 85,740.7 | +0.002% | $30.0M | $50.9M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 85,735.2 | −0.005% | $2.9M | $6.1M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,768.5 | +0.034% | $44.2M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,758.7 | +0.023% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,777.9 | +0.045% | $126.5M | $5.10B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,833.1 | +0.109% | $8.4M | $42.2M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0126% | 1h | 85,785.1 | +0.054% | $891.6M | $1.53B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,766.7 | +0.032% | $189.3M | $952.5M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,792 | +0.062% | $704K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0201% | 1h | 85,784.9 | +0.053% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,760.6 | +0.025% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0219% | 8h | 85,783 | +0.051% | $10.6M | $758.1M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,786 | +0.055% | $506K | $19.2M | 6.7x | as long as short |
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
HTX BTC-USDT
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
Arcus BTC-USD
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
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC