Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.020%
Price spread now: SoDEX against dYdX−0.039%7-day average −0.016% · 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−$34as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 3 days (all we have)+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)−0.163%−$16 · spread now −0.039%, 7d avg −0.016%
=Funding pays, the price is against you. SoDEX is 0.023% cheaper against dYdX than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of −0.016%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BTC-USD | 85,690.7 | 0.0000 | pay 0.0000% / 1h | 28m 18s | $16.8M | $21.0M | 50x |
| Short | SoDEX BTC-USD | 85,657 | 0.0100 | get 0.0013% / 1h | 28m 18s | $60.0M | $336.2M | 40x |
dYdX BTC-USD
SoDEX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against dYdX. 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
- $20.99
- Price spread: −0.039% → −0.016%
- −$2.34
- Slippage, 4 orders
- −$13.71
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$13.06
- Costs to cover
- 0.317%
- Break-even
- 11.4 days
Slippage from dYdX: live order book, 1 min ago; SoDEX: live order book, 1 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 dYdX live order book, 1 min ago | 3.44 bp | 8.4 bp −$8 | 8.4 bp −$84 | 14.3 bp −$1,431 | 28.9 bp −$14.5K |
| Sell SoDEX live order book, 1 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.1 bp −$514 | 42.8 bp −$21.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0627% | 1h | 85,694.9 | +0.005% | $196K | $722K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,791 | +0.117% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,690 | −0.001% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,676 | −0.017% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,703.2 | +0.015% | $416.3M | $665.3M | 150x | as long as short |
| dYdX BTC-USDlong | 0.0000% | 1h | 85,690.7 | long leg | $16.8M | $21.0M | 50x | |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,680.7 | −0.012% | $36.6M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0009% | 8h | 85,668.9 | −0.025% | $917.8M | $753.9M | 125x | as long as short |
| Nado BTC-PERP | +0.0009% | 1h | 85,665.5 | −0.029% | $22.6M | $220.9M | 50x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,675.8 | −0.017% | $516.2M | $1.11B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0054% | 8h | 85,672.2 | −0.022% | — | $17.0M | — | as long as short |
| Bitget BTCUSDT | +0.0069% | 8h | 85,656.5 | −0.040% | $2.95B | $5.03B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0069% | 1h | 85,660.4 | −0.035% | $6.7M | $146.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0075% | 8h | 85,691.3 | +0.001% | $2.27B | $936.7M | 200x | as long as short |
| Phemex BTCUSDT | +0.0075% | 8h | 85,690.4 | 0.000% | $148.1M | $479.8M | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0077% | 1h | 85,698.9 | +0.010% | $892.2M | $1.53B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | −0.132% | $340K | $26.9M | 52x | as long as short |
| SunX BTC-USDT | +0.0085% | 8h | 85,659.9 | −0.036% | $2.9M | $6.1M | 100x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,660.9 | −0.035% | $9.35B | $23.94B | 150x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,667.8 | −0.027% | $5.05B | $5.62B | 500x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,649.4 | −0.048% | $2.5M | $1.7M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,684.3 | −0.007% | $169.9M | $992.2M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,686.3 | −0.005% | $23.9M | $148.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,669 | −0.025% | $8.4M | $52.0M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,714.9 | +0.028% | $3.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,649 | −0.049% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,749 | +0.068% | $3.74B | $5.00B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,716.2 | +0.030% | $40.2M | $574.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,669 | −0.025% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,666.7 | −0.028% | $2.57B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,709 | +0.021% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,649.4 | −0.048% | $7.1M | $97.2M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,675.8 | −0.017% | $5.55B | $10.52B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,685.7 | −0.006% | $35.1M | $172.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,767.3 | +0.089% | $156.3M | $548.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,658.9 | −0.037% | $279.6M | $930.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,774.1 | +0.097% | $215.4M | $166.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,800 | +0.128% | $140.4M | $316.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,761 | +0.082% | $30.3M | $210.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,733.5 | +0.050% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,665 | −0.030% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,675.8 | −0.017% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,658.6 | −0.037% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,657.4 | −0.039% | $30.0M | $50.9M | 15x | as long as short |
| SoDEX BTC-USDshort | +0.0100% | 1h | 85,657 | −0.039% | $60.0M | $336.2M | 40x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,614.4 | −0.089% | $621.3M | $398.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,636.8 | −0.063% | $44.1M | $227.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,703.7 | +0.015% | — | $106.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,703.2 | +0.015% | $130.4M | $5.11B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,700.3 | +0.011% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,686.1 | −0.005% | $188.9M | $952.4M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0195% | 1h | 85,700.6 | +0.012% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0179% | 1h | 85,679.7 | −0.013% | $13.6M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,771.9 | +0.095% | $702K | $7.8M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,753 | +0.073% | $10.4M | $760.9M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,703 | +0.014% | $516K | $19.3M | 6.7x | as long as short |
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
HTX BTC-USDT
Phemex BTCUSDT
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
SunX BTC-USDT
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
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
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC