Funding you earn now, next payment 02:00 UTC−0.0155%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.041%
Price spread now: Hotstuff against ApeX Omni−0.075%57s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.075% cheaper against ApeX Omni than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni BTCUSDT | 85,863.8 | 0.0075 | pay 0.0009% / 1h | 46m 04s | $140.4M | $320.9M | 100x |
| Short | Hotstuff BTC-PERP | 85,799 | −0.0080 | pay 0.0010% / 1h | 46m 04s | $8K | $3K | 50x |
ApeX Omni BTCUSDT
Hotstuff BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against ApeX Omni. 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
- −$32.54
- Price spread: −0.075% → 0.000%
- −$7.55
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$55.09
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 3 min ago; Hotstuff: 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 ApeX Omni live order book, 3 min ago | 0.07 bp | 5.1 bp −$5 | 5.1 bp −$51 | 7.6 bp −$762 | 33.5 bp −$16.7K |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0144% | 1h | 85,788 | −0.088% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERPshort | −0.0080% | 1h | 85,799 | −0.075% | $8K | $3K | 50x | |
| BloFin BTC-USDT | −0.0078% | 8h | 85,853 | −0.013% | $415.8M | $658.2M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,783.5 | −0.094% | $364K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,814.4 | −0.058% | $16.8M | $20.6M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,827.2 | −0.043% | $513K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,780.1 | −0.097% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,810 | −0.063% | $341K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0037% | 8h | 85,785.7 | −0.091% | $497.5M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0041% | 8h | 85,734.1 | −0.151% | $893.9M | $757.2M | 125x | as long as short |
Phoenix BTC
BloFin BTC-USDT
01 Exchange BTCUSD
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0044% | 1h | 85,799 | −0.076% | $8.1M | $42.6M | 25x | as long as short |
| BingX BTC-USDC | +0.0052% | 8h | 85,767.6 | −0.112% | — | $15.4M | — | as long as short |
| Reya BTCRUSDPERP | +0.0053% | 1h | 85,764.5 | −0.116% | $6.7M | $146.1M | 40x | as long as short |
| Bitget BTCUSDT | +0.0067% | 8h | 85,743.4 | −0.140% | $2.95B | $5.13B | 150x | as long as short |
| ApeX Omni BTCUSDTlong | +0.0075% | 1h | 85,863.8 | long leg | $140.4M | $320.9M | 100x | |
| Nado BTC-PERP | +0.0079% | 1h | 85,778.6 | −0.099% | $23.0M | $229.0M | 50x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,768.4 | −0.111% | $2.5M | $1.8M | 20x | as long as short |
| HTX BTC-USDT | +0.0081% | 8h | 85,766.7 | −0.113% | $2.27B | $968.9M | 200x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,744.7 | −0.139% | $5.09B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0088% | 8h | 85,748.4 | −0.134% | $9.33B | $24.58B | 150x | as long as short |
| Gate BTC_USDT | +0.0089% | 8h | 85,779.9 | −0.098% | $5.66B | $10.38B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,781.9 | −0.095% | $169.9M | $978.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,785.4 | −0.091% | $23.3M | $145.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,789 | −0.087% | $8.4M | $52.5M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,764 | −0.116% | $210K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,838.5 | −0.029% | $3.8M | $8.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,842 | −0.025% | $3.77B | $5.03B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,831.2 | −0.038% | $40.9M | $569.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,759.5 | −0.121% | $5.27B | $9.81B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,756.9 | −0.124% | $2.55B | $12.53B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,786 | −0.091% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,774 | −0.105% | $7.3M | $98.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,761.6 | −0.119% | $35.1M | $163.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,783.2 | −0.094% | $155.9M | $552.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,838.8 | −0.029% | $278.1M | $943.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,857.1 | −0.008% | $215.7M | $163.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,799.4 | −0.075% | $30.4M | $207.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,835.4 | −0.033% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,774 | −0.105% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,783 | −0.094% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,768.8 | −0.111% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,813.1 | −0.059% | $186K | $709K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,785.6 | −0.091% | $30.0M | $57.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,776.6 | −0.102% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,768 | −0.112% | $60.0M | $338.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,776.5 | −0.102% | $154.0M | $477.9M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,804.9 | −0.069% | $582.3M | $118.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,722.8 | −0.164% | $44.7M | $226.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,795.6 | −0.079% | — | $101.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,807.8 | −0.065% | $131.6M | $5.26B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0119% | 1h | 85,810.3 | −0.062% | $895.5M | $1.54B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0128% | 1h | 85,822.2 | −0.048% | $707K | $8.0M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,797.7 | −0.077% | $189.0M | $970.4M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0150% | 1h | 85,825.2 | −0.045% | $77K | $217K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0204% / S −0.0194% | 1h | 85,778.6 | −0.099% | $13.8M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0205% | 8h | 85,816 | −0.056% | $9.9M | $769.2M | 6.4x | as long as short |
RISEx BTC/USDC
BingX BTC-USDC
Reya BTCRUSDPERP
Bitget BTCUSDT
Nado BTC-PERP
Aevo BTC-PERP
HTX BTC-USDT
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP