Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.046%
Price spread now: 01 Exchange against Coinbase International−0.021%7-day average −0.026% · 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−$18as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Funding, last 4 days (all we have)−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.021%, 7d avg −0.026%
=The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BTC-PERP-INTX | 85,297.4 | 0.0104 | pay 0.0013% / 1h | 47m 14s | $116.9M | $5.46B | 50x |
| Short | 01 Exchange BTCUSD | 85,279.2 | 0 | get 0.0000% / 1h | 47m 14s | $354K | $2.4M | 50x |
Coinbase International BTC-PERP-INTX
01 Exchange BTCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange against Coinbase International. 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
- −$21.84
- Price spread: −0.021% → −0.026%
- $0.49
- Slippage, 4 orders
- −$1.87
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$40.22
- Costs to cover
- 0.189%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; 01 Exchange: live order book, 2 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 Coinbase International live order book, 2 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.5 bp −$546 | 10.5 bp −$5,256 |
| Sell 01 Exchange live order book, 2 min ago | 0.02 bp | 3.7 bp −$4 | 8.8 bp −$88 | doesn't fit | 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 | 85,370 | +0.085% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,282 | −0.018% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0048% | 8h | 85,249.7 | −0.056% | $926.3M | $772.4M | 125x | as long as short |
| BloFin BTC-USDT | −0.0026% | 8h | 85,251.2 | −0.054% | $421.3M | $683.5M | 150x | as long as short |
| Aster BTCUSDT | −0.0011% | 8h | 85,256.4 | −0.048% | $512.5M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,295.6 | −0.002% | $16.7M | $21.5M | 50x | as long as short |
| 01 Exchange BTCUSDshort | 0.0000% | 1h | 85,279.2 | −0.021% | $354K | $2.4M | 50x | |
| Perpl BTC | 0.0000% | 43m | 85,274.8 | −0.026% | $524K | $18.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,270.8 | −0.031% | $36.4M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0040% | 1h | 85,297.5 | 0.000% | $864.2M | $1.63B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0043% | 1h | 85,282.1 | −0.018% | $24.5M | $222.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,405 | +0.126% | $339K | $26.8M | 52x | as long as short |
| ApeX Omni BTCUSDT | +0.0064% | 1h | 85,295.8 | −0.002% | $139.4M | $314.6M | 100x | as long as short |
| BingX BTC-USDC | +0.0070% | 8h | 85,237.9 | −0.070% | — | $17.4M | — | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,256.6 | −0.048% | $2.95B | $5.18B | 150x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,270.3 | −0.032% | $186.7M | $956.3M | 100x | as long as short |
| Binance BTCUSDT | +0.0094% | 8h | 85,257.8 | −0.046% | $9.42B | $24.99B | 150x | as long as short |
| Phemex BTCUSDT | +0.0095% | 8h | 85,267.5 | −0.035% | $150.1M | $508.7M | 150x | as long as short |
| MEXC BTC_USDT | +0.0095% | 8h | 85,258.1 | −0.046% | $5.01B | $5.74B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,267.5 | −0.035% | $170.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,267.3 | −0.035% | $23.6M | $147.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,269 | −0.033% | $8.3M | $56.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,250.8 | −0.055% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,242 | −0.065% | $238K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,330 | +0.038% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,350 | +0.062% | $3.74B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,304.7 | +0.009% | $39.9M | $602.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,246.9 | −0.059% | $5.14B | $9.99B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,251.7 | −0.054% | $2.60B | $12.24B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,267 | −0.036% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,271.1 | −0.031% | $4.6M | $98.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,266.2 | −0.037% | $5.49B | $10.96B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,256.1 | −0.048% | $36.7M | $179.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,300.3 | +0.003% | $155.0M | $558.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,293.8 | −0.004% | $279.5M | $952.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,305.3 | +0.009% | $214.1M | $167.2M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,333.2 | +0.042% | $30.1M | $205.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,331.4 | +0.040% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,264 | −0.039% | $11.0M | $14.5M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,259 | −0.045% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,262.1 | −0.041% | $2.6M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,297.5 | 0.000% | $193K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,236.1 | −0.072% | $29.9M | $47.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,248.3 | −0.058% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,259 | −0.045% | $59.6M | $336.9M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,251.7 | −0.054% | $2.25B | $968.9M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,294.8 | −0.003% | $682.6M | $475.0M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,233.1 | −0.075% | $44.6M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,274.7 | −0.027% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTXlong | +0.0104% | 1h | 85,297.4 | long leg | $116.9M | $5.46B | 50x | |
| Reya BTCRUSDPERP | +0.0124% | 1h | 85,253.1 | −0.052% | $6.6M | $147.6M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0152% | 1h | 85,269.4 | −0.033% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,298.4 | +0.001% | $8.7M | $43.2M | 25x | as long as short |
| Kalshi KXBTCPERP | +0.0195% | 8h | 85,295 | −0.003% | $11.5M | $742.8M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,327.4 | +0.035% | $689K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0254% | 1h | 85,336.1 | +0.045% | $79K | $229K | 20x | as long as short |
Nado BTC-PERP
Injective BTC/USDC PERP
ApeX Omni BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
Kraken Futures PF_XBTUSD
Binance BTCUSDT
Phemex BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
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
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD