Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%
Price spread now: SoDEX against Bybit−0.014%7-day average −0.003% · 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−$20as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 3 days (all we have)−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)0.000%$0 · spread now −0.014%, 7d avg −0.003%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTCUSDT | 85,661.3 | 0.0100 | pay 0.0100% / 8h | 6h 15m | $5.31B | $9.74B | 150x |
| Short | SoDEX BTC-USD | 85,649 | 0.0100 | get 0.0013% / 1h | 15m 18s | $60.0M | $336.9M | 40x |
Bybit BTCUSDT
SoDEX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Bybit. 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: −0.014% → −0.003%
- −$1.09
- Slippage, 4 orders
- −$0.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$20.22
- Costs to cover
- 0.191%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; SoDEX: live order book, 4 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 Bybit live order book, 4 min ago | 0.01 bp | 5.5 bp −$6 | 5.6 bp −$56 | 6.9 bp −$687 | 8.3 bp −$4,145 |
| Sell SoDEX live order book, 4 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.1 bp −$510 | 44.0 bp −$22.0K |
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 | −0.0144% | 1h | 85,649 | −0.014% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,657 | −0.005% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,632.6 | −0.033% | $361K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,649.4 | −0.014% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,665.3 | +0.005% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,691 | +0.035% | $340K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0030% | 8h | 85,630.8 | −0.036% | $900.4M | $753.8M | 125x | as long as short |
| Aster BTCUSDT | +0.0031% | 8h | 85,641.5 | −0.023% | $515.8M | $1.14B | 200x | as long as short |
| Nado BTC-PERP | +0.0042% | 1h | 85,640.7 | −0.024% | $22.6M | $227.5M | 50x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,662.3 | +0.001% | $8.1M | $42.1M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
KuCoin XBTUSDTM
Aster BTCUSDT
Nado BTC-PERP
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0055% | 8h | 85,656.6 | −0.005% | — | $1.56B | — | as long as short |
| HTX BTC-USDT | +0.0059% | 8h | 85,657.3 | −0.005% | $2.27B | $947.7M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0059% | 1h | 85,644.3 | −0.020% | $6.7M | $146.3M | 40x | as long as short |
| Bitget BTCUSDT | +0.0070% | 8h | 85,646.1 | −0.018% | $2.95B | $5.08B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,642.1 | −0.022% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0089% | 8h | 85,648.5 | −0.015% | $5.08B | $5.75B | 500x | as long as short |
| Binance BTCUSDT | +0.0090% | 8h | 85,650.2 | −0.013% | $9.33B | $24.28B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0091% | 1h | 85,637.3 | −0.028% | $140.0M | $318.1M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,641.6 | −0.023% | $170.5M | $993.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,650.3 | −0.013% | $23.5M | $147.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,636 | −0.029% | $8.4M | $51.9M | 100x | as long as short |
| SunX BTC-USDT | +0.0098% | 8h | 85,593.8 | −0.079% | $2.9M | $6.6M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,610 | −0.060% | $203K | $7.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,653.8 | −0.009% | $3.8M | $8.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,716 | +0.064% | $3.76B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,674.4 | +0.015% | $40.8M | $571.9M | 50x | as long as short |
| Bybit BTCUSDTlong | +0.0100% | 8h | 85,661.3 | long leg | $5.31B | $9.74B | 150x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,659.9 | −0.002% | $2.54B | $12.34B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,638 | −0.027% | $3.9M | $18.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,609.1 | −0.061% | $7.2M | $97.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,652 | −0.011% | $5.59B | $10.57B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,635.7 | −0.030% | $35.3M | $166.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,650.8 | −0.012% | $156.5M | $556.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,614.3 | −0.055% | $278.4M | $941.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,656.6 | −0.005% | $214.9M | $164.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,666.1 | +0.006% | $30.3M | $208.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,704.2 | +0.050% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,646 | −0.018% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,653 | −0.010% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,644.2 | −0.020% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,674.9 | +0.016% | $186K | $709K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,650 | −0.013% | $30.0M | $56.0M | 15x | as long as short |
| SoDEX BTC-USDshort | +0.0100% | 1h | 85,649 | −0.014% | $60.0M | $336.9M | 40x | |
| Phemex BTCUSDT | +0.0100% | 8h | 85,648.1 | −0.015% | $153.1M | $480.9M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,673.6 | +0.014% | $597.8M | $234.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,628.8 | −0.038% | $44.0M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,648.2 | −0.015% | — | $101.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,682.9 | +0.025% | $131.3M | $5.15B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0144% | 1h | 85,681.7 | +0.024% | $694K | $7.8M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,666.8 | +0.006% | $187.7M | $963.9M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0171% | 1h | 85,691.3 | +0.035% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0186% | 1h | 85,662.7 | +0.002% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 85,694 | +0.038% | $10.2M | $770.4M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0237% | 1h | 85,695.3 | +0.040% | $894.7M | $1.54B | 50x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,659.2 | −0.002% | $513K | $20.5M | 6.7x | as long as short |
BingX BTC-USDT
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
ApeX Omni BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SunX BTC-USDT
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
Perpl BTC