Funding you earn now, next payment 20:00 UTC−0.0025%/8hpaid last 24h −0.006%
Price spread now: Binance against Bulk−0.016%54s7-day average +0.001% · 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—prices read too far apart to compare
costs, in and out, $10k−$170.171% of the position
Funding, last 3 days (all we have)−0.012%−$1 on $10k
+Price spread, last 7 days+0.015%+$2 · spread now −0.016%, 7d avg +0.001%
=The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 54 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 | Bulk BTC-USD | 86,467 | 0.0062 | pay 0.0008% / 1h | 6m 40s | $570.2M | $47.0M | 40x |
| Short | Binance BTCUSDT | 86,453.5 | 0.0038 | get 0.0038% / 8h | 4h 06m | $9.53B | $23.28B | 150x |
Bulk BTC-USD
Binance BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bulk. 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
- −$5.16
- Price spread: −0.016% → +0.001%
- −$1.64
- Slippage, 4 orders
- −$0.07
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$23.87
- Costs to cover
- 0.171%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 2 min ago; Binance: live order book, 12 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 Bulk live order book, 2 min ago | 0.03 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.5 bp −$353 | 4.4 bp −$2,225 |
| Sell Binance live order book, 12 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.8 bp −$576 | 7.3 bp −$3,646 |
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 | −0.0223% | 43m | 86,518 | +0.059% | $406K | $25.8M | 6.7x | as long as short |
| Phoenix BTC | −0.0132% | 1h | 86,513 | +0.053% | $2.1M | $11.1M | 40x | as long as short |
| BloFin BTC-USDT | −0.0082% | 8h | 86,503.8 | +0.043% | $422.7M | $595.4M | 150x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,482 | +0.017% | $9K | $4K | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0046% | 1h | 86,533.5 | +0.077% | $85K | $166K | 20x | as long as short |
| Kraken Futures PF_XBTUSD | −0.0030% | 1h | 86,539 | +0.083% | $184.7M | $860.0M | 100x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,517.2 | +0.058% | $302K | $2.4M | 50x | as long as short |
| dYdX BTC-USD | −0.0014% | 1h | 86,517 | +0.058% | $17.3M | $18.2M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0010% | 8h | 86,478 | +0.013% | $823.2M | $665.9M | 125x | as long as short |
| Kalshi KXBTCPERP | 0.0000% | 8h | 86,543 | +0.088% | $8.8M | $694.0M | 6.4x | as long as short |
Perpl BTC
Phoenix BTC
BloFin BTC-USDT
Hotstuff BTC-PERP
Aftermath Perps BTCUSD
Kraken Futures PF_XBTUSD
01 Exchange BTCUSD
dYdX BTC-USD
KuCoin XBTUSDTM
Kalshi KXBTCPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | 0.0000% | 1h | 86,572 | +0.121% | $327K | $27.0M | 52x | as long as short |
| Reya BTCRUSDPERP | +0.0003% | 1h | 86,521.1 | +0.063% | $6.7M | $139.9M | 40x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,541.8 | +0.087% | $37.1M | — | 200x | as long as short |
| BingX BTC-USDT | +0.0006% | 8h | 86,457.4 | −0.011% | — | $1.46B | — | as long as short |
| Bitget BTCUSDT | +0.0008% | 8h | 86,462.5 | −0.005% | $2.97B | $4.90B | 150x | as long as short |
| SoDEX BTC-USD | +0.0010% | 1h | 86,493 | +0.030% | $61.1M | $311.5M | 40x | as long as short |
| Aster BTCUSDT | +0.0021% | 8h | 86,484.4 | +0.020% | $506.4M | $1.12B | 200x | as long as short |
| RISEx BTC/USDC | +0.0027% | 1h | 86,496.6 | +0.034% | $8.9M | $39.7M | 25x | as long as short |
| Phemex BTCUSDT | +0.0032% | 8h | 86,509.6 | +0.049% | $153.6M | $444.1M | 150x | as long as short |
| MEXC BTC_USDT | +0.0037% | 8h | 86,444.4 | −0.026% | $5.13B | $5.35B | 500x | as long as short |
| Binance BTCUSDTshort | +0.0038% | 8h | 86,453.5 | −0.016% | $9.53B | $23.28B | 150x | |
| OKX BTC-USDT-SWAP | +0.0039% | 8h | 86,445 | −0.025% | $2.63B | $12.16B | 100x | as long as short |
| Aevo BTC-PERP | +0.0040% | 1h | 86,506.4 | +0.046% | $2.4M | $1.3M | 20x | as long as short |
| ApeX Omni BTCUSDT | +0.0043% | 1h | 86,479.2 | +0.014% | $140.5M | $320.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0062% | 1h | 86,533.3 | +0.077% | $141K | $505K | 40x | as long as short |
| Bulk BTC-USDlong | +0.0062% | 1h | 86,467 | long leg | $570.2M | $47.0M | 40x | |
| HTX BTC-USDT | +0.0066% | 8h | 86,502.7 | +0.041% | $2.30B | $896.1M | 200x | as long as short |
| Gate BTC_USDT | +0.0069% | 8h | 86,449.9 | −0.020% | $5.98B | $10.20B | 200x | as long as short |
| Bybit BTCUSDT | +0.0076% | 8h | 86,447.4 | −0.023% | $5.29B | $9.20B | 150x | as long as short |
| Popdex BTCUSDT | +0.0080% | 1h | 86,491 | +0.028% | $8.5M | $49.9M | 100x | as long as short |
| Orderly PERP_BTC_USDC | +0.0089% | 8h | 86,522.4 | +0.064% | $2.3M | $7.7M | 100x | as long as short |
| Variational Omni BTC | +0.0089% | 8h | 86,459 | −0.009% | $163.4M | $537.2M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,466.8 | 0.000% | $172.9M | $980.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,476.4 | +0.011% | $24.2M | $146.9M | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0096% | 1h | 86,551.3 | +0.098% | $615K | $6.8M | 30x | as long as short |
| GRVT BTC_USDT_Perp | +0.0097% | 8h | 86,471.7 | +0.005% | $217.2M | $181.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 86,484.5 | +0.020% | $4.5M | $7.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,498 | +0.036% | $212K | $6.1M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,482.5 | +0.018% | $23.4M | $229.8M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,477.1 | +0.012% | $37.3M | $446.3M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,503 | +0.042% | $3.9M | $18.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,518.4 | +0.059% | $6.9M | $92.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,507.3 | +0.047% | $37.4M | $140.5M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,473 | +0.007% | $284.3M | $906.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,505.7 | +0.045% | $30.8M | $208.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,581.8 | +0.133% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,526 | +0.068% | $10.9M | $13.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,519.5 | +0.061% | $237K | $3.4M | 20x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,507.7 | +0.047% | $30.2M | $60.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,480.9 | +0.016% | $3.4M | $5.7M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,438 | −0.033% | $47.9M | $218.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,519.5 | +0.061% | — | $87.2M | 500x | as long as short |
| Hyperliquid BTC | +0.0152% | 1h | 86,572 | +0.121% | $3.99B | $4.75B | 40x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0168% | 1h | 86,556.4 | +0.103% | $131.6M | $5.90B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0179% / S −0.0203% | 1h | 86,539.1 | +0.083% | $14.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0212% | 1h | 86,569.8 | +0.119% | $932.5M | $1.22B | 50x | as long as short |
Injective BTC/USDC PERP
Reya BTCRUSDPERP
gTrade (Gains Network) BTC/USD
BingX BTC-USDT
Bitget BTCUSDT
SoDEX BTC-USD
Aster BTCUSDT
RISEx BTC/USDC
Phemex BTCUSDT
MEXC BTC_USDT
OKX BTC-USDT-SWAP
Aevo BTC-PERP
ApeX Omni BTCUSDT
Bluefin BTC-PERP
HTX BTC-USDT
Gate BTC_USDT
Bybit BTCUSDT
Popdex BTCUSDT
Orderly PERP_BTC_USDC
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Hibachi BTC/USDT-P
GRVT BTC_USDT_Perp
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Derive BTC-PERP
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Hyperliquid BTC
Coinbase International BTC-PERP-INTX
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL