Funding you earn now, next payment 07:00 UTC+0.0166%/8h= +18.2% APRnext payment +$0.21 per $10,000 · paid last 24h +0.002%
Price spread now: Aftermath Perps against Derive+0.086%234s7-day average +0.028% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.086%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aftermath Perps is 0.058% dearer against Derive than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 234 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 | Derive BTC-PERP | 85,214.5 | 0.0100 | pay 0.0013% / 1h | 31m 34s | $29.9M | $47.0M | 15x |
| Short | Aftermath Perps BTCUSD | 85,287.9 | 0.0266 | get 0.0033% / 1h | 31m 34s | $79K | $230K | 20x |
Derive BTC-PERP
Aftermath Perps BTCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aftermath Perps against Derive. 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
- $34.88
- Price spread: +0.086% → +0.028%
- $5.83
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- $25.71
- Costs to cover
- 0.150%
- Break-even
- 1.8 days
Slippage unknown: Derive: no order-book sample; Aftermath Perps: live order book, 18 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Aftermath Perps live order book, 18 min ago | 0.14 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 85,242 | +0.032% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,293 | +0.092% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0045% | 8h | 85,265.1 | +0.059% | $927.5M | $773.6M | 125x | as long as short |
| BloFin BTC-USDT | −0.0029% | 8h | 85,299.8 | +0.100% | $421.2M | $682.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 85,274.7 | +0.071% | $512.4M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,310 | +0.112% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,275.6 | +0.072% | $494K | $18.5M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,282.8 | +0.080% | $16.7M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,280.1 | +0.077% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0043% | 1h | 85,299 | +0.099% | $24.4M | $222.4M | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | +0.0055% | 1h | 85,263.5 | +0.058% | $139.4M | $314.4M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | +0.038% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0070% | 8h | 85,280.1 | +0.077% | — | $17.4M | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0084% | 1h | 85,303.6 | +0.105% | $862.3M | $1.64B | 50x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,257.4 | +0.050% | $2.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,274.6 | +0.070% | $185.8M | $958.1M | 100x | as long as short |
| Bitget BTCUSDT | +0.0089% | 8h | 85,295.4 | +0.095% | $2.96B | $5.17B | 150x | as long as short |
| MEXC BTC_USDT | +0.0091% | 8h | 85,295.8 | +0.095% | $5.01B | $5.75B | 500x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,284.5 | +0.082% | $9.42B | $24.96B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,292.5 | +0.091% | $170.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,287.3 | +0.085% | $23.5M | $148.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,270 | +0.065% | $8.4M | $56.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,270 | +0.065% | $236K | $8.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,293.9 | +0.093% | $5.14B | $9.99B | 150x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,340.4 | +0.148% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,352 | +0.161% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,313.1 | +0.116% | $40.2M | $604.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,302.8 | +0.104% | $2.59B | $12.23B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,263 | +0.057% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,291.5 | +0.090% | $5.1M | $99.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,299.4 | +0.100% | $5.49B | $11.00B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,257.5 | +0.050% | $36.9M | $178.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,207.8 | −0.008% | $154.6M | $557.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,237.8 | +0.027% | $279.3M | $950.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,263.3 | +0.057% | $214.1M | $166.1M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,286.9 | +0.085% | $30.1M | $203.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,332.1 | +0.138% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,268 | +0.063% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,263 | +0.057% | $202K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,267.9 | +0.063% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,305.2 | +0.106% | $193K | $795K | 40x | as long as short |
| Derive BTC-PERPlong | +0.0100% | 1h | 85,214.5 | long leg | $29.9M | $47.0M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 85,253 | +0.045% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,261 | +0.055% | $59.7M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,262.1 | +0.056% | $2.25B | $968.4M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,277.1 | +0.073% | $151.4M | $509.6M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,269.9 | +0.065% | $683.1M | $415.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,274.7 | +0.071% | $44.8M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,312.2 | +0.115% | — | $107.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,301.1 | +0.102% | $116.1M | $5.46B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0128% | 1h | 85,253.5 | +0.046% | $6.6M | $147.6M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0152% | 1h | 85,276.9 | +0.073% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,307 | +0.109% | $11.7M | $741.4M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,317.4 | +0.121% | $8.7M | $42.9M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,271.9 | +0.067% | $684K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSDshort | +0.0266% | 1h | 85,287.9 | +0.086% | $79K | $230K | 20x |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDC
Deribit BTC-PERPETUAL
Aevo BTC-PERP
Kraken Futures PF_XBTUSD
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Bybit BTCUSDT
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hibachi BTC/USDT-P