Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.153%
Price spread now: Bluefin against Bullet+0.046%7-day average −0.019% · 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−$16as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 3 days (all we have)−0.417%−$42 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.046%, 7d avg −0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.065% dearer against Bullet than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet BTC-USD | 85,482 | 0.0100 | pay 0.0013% / 1h | 15m 36s | $200K | $3.3M | 20x |
| Short | Bluefin BTC-PERP | 85,521.2 | 0.0100 | get 0.0013% / 1h | 15m 36s | $194K | $796K | 40x |
Bullet BTC-USD
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Bullet. 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
- $0
- Price spread: +0.046% → −0.019%
- $6.47
- Slippage, 4 orders
- −$7.02
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$15.55
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 4 min ago; Bluefin: live order book, 29 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 Bullet live order book, 4 min ago | 0.29 bp | 5.3 bp −$5 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 29 min ago | 1.09 bp | 6.5 bp −$7 | 11.6 bp −$116 | doesn't fit | doesn't fit |
BTC on 55 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 | 85,513 | +0.036% | $2.2M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,475 | −0.008% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0038% | 8h | 85,480.1 | −0.002% | $929.9M | $775.4M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,517.2 | +0.041% | $420.1M | $682.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0002% | 8h | 85,474 | −0.009% | $513.4M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,481.4 | −0.001% | $353K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,492.4 | +0.012% | $490K | $18.4M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 85,508.1 | +0.031% | $861.4M | $1.63B | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,517.7 | +0.042% | $16.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,530.2 | +0.056% | $36.6M | — | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Deribit BTC-PERPETUAL
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0043% | 1h | 85,487.8 | +0.007% | $24.2M | $222.7M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.275% | $338K | $26.8M | 52x | as long as short |
| Popdex BTCUSDT | +0.0072% | 1h | 85,497 | +0.018% | $8.5M | $56.7M | 100x | as long as short |
| BingX BTC-USDT | +0.0073% | 8h | 85,460.6 | −0.025% | — | $1.57B | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,489.5 | +0.009% | $186.1M | $959.0M | 100x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,462 | −0.023% | $2.97B | $5.17B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,484 | +0.002% | $170.2M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,488.7 | +0.008% | $23.6M | $148.4M | 50x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,471.1 | −0.013% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,476.5 | −0.006% | $5.03B | $5.77B | 500x | as long as short |
| Bybit BTCUSDT | +0.0098% | 8h | 85,454.5 | −0.032% | $5.14B | $9.99B | 150x | as long as short |
| Binance BTCUSDT | +0.0099% | 8h | 85,471.1 | −0.013% | $9.43B | $24.99B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,450 | −0.037% | $245K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,530.7 | +0.057% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,564.5 | +0.097% | $3.75B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,505.8 | +0.028% | $40.1M | $603.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,464.3 | −0.021% | $2.60B | $12.24B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,450 | −0.037% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,459.3 | −0.027% | $5.1M | $97.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,499.5 | +0.020% | $686.3M | $379.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,465.9 | −0.019% | $5.56B | $11.07B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,469.4 | −0.015% | $37.2M | $179.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,450.4 | −0.037% | $156.4M | $558.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,505.1 | +0.027% | $280.1M | $953.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,525 | +0.050% | $214.7M | $164.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,519 | +0.043% | $139.8M | $313.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,493.1 | +0.013% | $30.1M | $206.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,558.6 | +0.090% | — | $10.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,482 | 0.000% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USDlong | +0.0100% | 1h | 85,482 | long leg | $200K | $3.3M | 20x | |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,477.8 | −0.005% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 85,521.2 | +0.046% | $194K | $796K | 40x | |
| SunX BTC-USDT | +0.0100% | 8h | 85,473.3 | −0.010% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,477 | −0.006% | $59.8M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,480 | −0.002% | $2.26B | $966.4M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,486.9 | +0.006% | $154.5M | $512.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,436.5 | −0.053% | $44.9M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,526.3 | +0.052% | — | $104.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,515.6 | +0.039% | $114.3M | $5.50B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0131% | 1h | 85,513 | +0.036% | $6.6M | $147.7M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,499 | +0.020% | $12.0M | $741.7M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,506.3 | +0.028% | $8.8M | $42.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0200% / S −0.0176% | 1h | 85,490.1 | +0.010% | $13.1M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,555.1 | +0.085% | $686K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0249% | 1h | 85,521 | +0.046% | $79K | $230K | 20x | as long as short |
Nado BTC-PERP
Injective BTC/USDC PERP
Popdex BTCUSDT
BingX BTC-USDT
Kraken Futures PF_XBTUSD
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
MEXC BTC_USDT
Bybit BTCUSDT
Binance 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
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
Orderly PERP_BTC_USDC
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
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD