BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0233%/8h= −25.5% APRnext payment −$0.29 per $10,000 · paid last 24h −0.043%

Price spread now: 01 Exchange against Aftermath Perps−0.010%7-day average −0.010% · 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−$30as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Aftermath Perps Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.137%−$14 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.010%, 7d avg −0.010%

Together, before fees−0.190%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BTCUSD	85,232.8	0.0209	pay 0.0026% / 1h	29m 18s	$79K	$226K	20x
Short	01 Exchange BTCUSD	85,224.1	−0.0024	pay 0.0003% / 1h	29m 18s	$373K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Aftermath Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee 01 ExchangebpOrdersPrice spread, now −0.010%Rate

Funding earned: −$48.97
Price spread: −0.010% → −0.010%: −$0.02
Slippage, 4 orders: −$14.18
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$79.17
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 20 min ago; 01 Exchange: 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 Aftermath Perps live order book, 20 min ago	0.58 bp	9.5 bp −$9	15.0 bp −$150	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 5 min ago	0.30 bp	6.0 bp −$6	15.6 bp −$156	doesn't fit	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
Perpl BTC	−0.0112%	43m	85,184.9	−0.056%	$524K	$18.4M	6.7x	as long as short
Phoenix BTC	−0.0111%	1h	85,204	−0.034%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,194	−0.045%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0054%	8h	85,174.2	−0.069%	$921.6M	$763.4M	125x	as long as short
BloFin BTC-USDT	−0.0035%	8h	85,135.4	−0.114%	$420.5M	$678.3M	150x	as long as short
01 Exchange BTCUSDshort	−0.0024%	1h	85,224.1	−0.010%	$373K	$2.3M	50x
Aster BTCUSDT	−0.0015%	8h	85,181.1	−0.061%	$512.1M	$1.09B	200x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,176.4	−0.066%	$16.7M	$21.7M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,198.4	−0.040%	$36.4M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	85,225	−0.009%	$338K	$26.8M	52x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BTC-PERP	+0.0025%	1h	85,187.4	−0.053%	$24.7M	$222.8M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0056%	1h	85,198	−0.041%	$187.0M	$955.3M	100x	as long as short
BingX BTC-USDC	+0.0066%	8h	85,154.5	−0.092%	—	$17.4M	—	as long as short
Phemex BTCUSDT	+0.0078%	8h	85,185.6	−0.055%	$148.6M	$504.5M	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,171.6	−0.072%	$2.4M	$6.7M	20x	as long as short
Bitget BTCUSDT	+0.0084%	8h	85,175	−0.068%	$2.95B	$5.17B	150x	as long as short
MEXC BTC_USDT	+0.0085%	8h	85,190.3	−0.050%	$5.05B	$5.71B	500x	as long as short
Binance BTCUSDT	+0.0085%	8h	85,189.5	−0.051%	$9.41B	$24.82B	150x	as long as short
Bullet BTC-USD	+0.0089%	1h	85,185	−0.056%	$206K	$3.3M	20x	as long as short
SoDEX BTC-USD	+0.0092%	1h	85,173	−0.070%	$59.6M	$335.8M	40x	as long as short
Lighter BTC	+0.0096%	1h	85,181.5	−0.060%	$171.2M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,181.7	−0.060%	$23.7M	$148.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,217	−0.019%	$8.4M	$55.7M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0096%	1h	85,219.8	−0.015%	$116.9M	$5.35B	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,197	−0.042%	$239K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,247.1	+0.017%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,277	+0.052%	$3.75B	$5.07B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,199.3	−0.039%	$40.1M	$599.0M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,173.9	−0.069%	$5.15B	$9.93B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,182.4	−0.059%	$2.58B	$12.16B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,204	−0.034%	$3.8M	$17.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,210.6	−0.026%	$4.6M	$99.2M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,183.8	−0.057%	$678.4M	$603.6M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,188.7	−0.052%	$5.49B	$10.93B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,175.6	−0.067%	$36.0M	$174.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,111.9	−0.142%	$154.3M	$569.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,133.5	−0.116%	$278.8M	$944.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,139	−0.110%	$214.0M	$168.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,125.3	−0.126%	$139.1M	$315.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,156.3	−0.090%	$30.0M	$205.4M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,262.4	+0.035%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,191	−0.049%	$11.0M	$14.4M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,178.4	−0.064%	$2.5M	$9.3M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,215.9	−0.020%	$217K	$749K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,155.7	−0.090%	$29.9M	$49.7M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,127.1	−0.124%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,160.7	−0.085%	$2.25B	$947.1M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,171.6	−0.072%	$45.3M	$238.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,202.2	−0.036%	—	$106.8M	500x	as long as short
Reya BTCRUSDPERP	+0.0114%	1h	85,192.4	−0.047%	$6.6M	$147.4M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0122%	1h	85,211	−0.026%	$871.5M	$1.61B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,189.4	−0.051%	$13.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0180%	8h	85,204	−0.034%	$11.3M	$744.6M	6.4x	as long as short
Aftermath Perps BTCUSDlong	+0.0209%	1h	85,232.8	long leg	$79K	$226K	20x
Hibachi BTC/USDT-P	+0.0224%	1h	85,202.4	−0.036%	$717K	$8.0M	30x	as long as short
RISEx BTC/USDC	+0.0257%	1h	85,233.7	+0.001%	$8.6M	$43.1M	25x	as long as short