Funding you earn now, next payment 07:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.002%
Price spread now: RISEx against Bulk+0.228%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$8as in the Price arb table
costs, in and out, $10k−$140.140% of the position
Funding, last 4 days (all we have)−0.008%−$1 on $10k
+Price spread, last 7 days−0.197%−$20 · spread now +0.228%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.221% dearer against Bulk than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk BTC-USD | 85,269.9 | 0.0100 | pay 0.0013% / 1h | 22m 51s | $683.1M | $415.1M | 40x |
| Short | RISEx BTC/USDC | 85,464.6 | 0.0193 | get 0.0024% / 1h | 22m 51s | $8.8M | $42.8M | 25x |
Bulk BTC-USD
RISEx BTC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $19.5
- Price spread: +0.228% → +0.008%
- $22.07
- Slippage, 4 orders
- −$1.02
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $27.55
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage from Bulk: live order book, 1 min ago; RISEx: live order book, 6 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, 1 min ago | 0.01 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.5 bp −$351 | 4.4 bp −$2,183 |
| Sell RISEx live order book, 6 min ago | 0.01 bp | 3.0 bp −$3 | 3.0 bp −$30 | 9.0 bp −$898 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0082% | 1h | 85,446 | +0.207% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,459 | +0.222% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0043% | 8h | 85,471 | +0.236% | $928.9M | $773.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0027% | 8h | 85,452.8 | +0.215% | $420.9M | $684.2M | 150x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 85,465 | +0.229% | $513.4M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,452.1 | +0.214% | $353K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,463.8 | +0.227% | $491K | $18.5M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,472.4 | +0.238% | $16.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,476.2 | +0.242% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0039% | 1h | 85,469.6 | +0.234% | $24.4M | $222.6M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.027% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0071% | 8h | 85,459.1 | +0.222% | — | $17.5M | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,483.3 | +0.250% | $186.3M | $960.0M | 100x | as long as short |
| Bitget BTCUSDT | +0.0090% | 8h | 85,475 | +0.241% | $2.97B | $5.17B | 150x | as long as short |
| MEXC BTC_USDT | +0.0093% | 8h | 85,467.6 | +0.232% | $5.02B | $5.76B | 500x | as long as short |
| Binance BTCUSDT | +0.0093% | 8h | 85,469 | +0.234% | $9.43B | $25.00B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,472.5 | +0.238% | $170.2M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,469.5 | +0.234% | $23.5M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,439 | +0.198% | $8.4M | $56.5M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,463 | +0.226% | $2.4M | $6.7M | 20x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 85,470.5 | +0.235% | $5.15B | $9.99B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,422 | +0.178% | $242K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,504.2 | +0.275% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,550 | +0.329% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,483.7 | +0.251% | $40.0M | $602.6M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,479.5 | +0.246% | $2.60B | $12.27B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,444 | +0.204% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,435.9 | +0.195% | $5.2M | $98.2M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,473 | +0.238% | $5.55B | $11.04B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,455.7 | +0.218% | $37.0M | $178.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,436.8 | +0.196% | $154.6M | $558.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,386.4 | +0.137% | $279.8M | $950.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,423.4 | +0.180% | $214.5M | $163.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,436.7 | +0.196% | $139.7M | $313.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,486.8 | +0.254% | $30.1M | $204.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,513 | +0.285% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,454 | +0.216% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,461 | +0.224% | $201K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,462.2 | +0.226% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,508.9 | +0.280% | $194K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,214.5 | −0.065% | $29.9M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,450.7 | +0.212% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,462 | +0.225% | $59.8M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,442.8 | +0.203% | $2.26B | $966.8M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,459.1 | +0.222% | $153.2M | $510.9M | 150x | as long as short |
| Bulk BTC-USDlong | +0.0100% | 1h | 85,269.9 | long leg | $683.1M | $415.1M | 40x | |
| Extended BTC-USD | +0.0104% | 1h | 85,444.4 | +0.205% | $44.9M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,481.7 | +0.248% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,490 | +0.258% | $115.2M | $5.49B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0130% | 1h | 85,435.1 | +0.194% | $6.6M | $147.7M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0166% | 1h | 85,515.2 | +0.288% | $861.9M | $1.64B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,487 | +0.255% | $11.7M | $741.4M | 6.4x | as long as short |
| RISEx BTC/USDCshort | +0.0193% | 1h | 85,464.6 | +0.228% | $8.8M | $42.8M | 25x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0200% / S −0.0176% | 1h | 85,472.7 | +0.238% | $13.1M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,481.8 | +0.249% | $685K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0248% | 1h | 85,427.4 | +0.185% | $79K | $230K | 20x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDC
Kraken Futures PF_XBTUSD
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus 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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD