BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: 01 Exchange against dYdX+0.019%7-day average +0.001% · 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−$31as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on dYdX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.019%, 7d avg +0.001%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BTC-USD	85,424.2	0.0001	pay 0.0000% / 1h	27m 24s	$16.7M	$21.3M	50x
Short	01 Exchange BTCUSD	85,440.2	0	get 0.0000% / 1h	27m 24s	$353K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee 01 ExchangebpOrdersPrice spread, now +0.019%Rate

Funding earned: −$0.21
Price spread: +0.019% → +0.001%: $1.81
Slippage, 4 orders: −$15.61
Fee dYdX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$31.01
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from dYdX: 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 dYdX live order book, 2 min ago	3.69 bp	12.0 bp −$12	12.0 bp −$120	16.5 bp −$1,647	52.6 bp −$26.3K
Sell 01 Exchange live order book, 2 min ago	0.01 bp	3.8 bp −$4	8.9 bp −$89	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	85,329	−0.111%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,391	−0.039%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0045%	8h	85,420.1	−0.005%	$928.9M	$773.7M	125x	as long as short
BloFin BTC-USDT	−0.0029%	8h	85,312.1	−0.131%	$421.0M	$682.8M	150x	as long as short
Aster BTCUSDT	−0.0011%	8h	85,426	+0.002%	$513.2M	$1.09B	200x	as long as short
01 Exchange BTCUSDshort	0.0000%	1h	85,440.2	+0.019%	$353K	$2.4M	50x
Perpl BTC	0.0000%	43m	85,448.2	+0.028%	$491K	$18.5M	6.7x	as long as short
dYdX BTC-USDlong	+0.0001%	1h	85,424.2	long leg	$16.7M	$21.3M	50x
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,348.2	−0.089%	$36.5M	—	200x	as long as short
Nado BTC-PERP	+0.0040%	1h	85,397.2	−0.032%	$24.4M	$222.4M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0057%	1h	85,247	−0.207%	$338K	$26.8M	52x	as long as short
BingX BTC-USDC	+0.0070%	8h	85,411.4	−0.015%	—	$17.5M	—	as long as short
Deribit BTC-PERPETUAL	+0.0071%	1h	85,457.7	+0.039%	$862.1M	$1.64B	50x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,420.1	−0.005%	$2.4M	$6.7M	20x	as long as short
ApeX Omni BTCUSDT	+0.0088%	1h	85,342.3	−0.096%	$139.5M	$314.2M	100x	as long as short
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,431.3	+0.008%	$185.4M	$958.9M	100x	as long as short
Bitget BTCUSDT	+0.0089%	8h	85,423.4	−0.001%	$2.97B	$5.17B	150x	as long as short
MEXC BTC_USDT	+0.0091%	8h	85,426.1	+0.002%	$5.02B	$5.76B	500x	as long as short
Binance BTCUSDT	+0.0092%	8h	85,431.4	+0.008%	$9.43B	$24.97B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,442	+0.021%	$170.2M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,446.3	+0.026%	$23.5M	$148.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,429	+0.006%	$8.4M	$56.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,403	−0.025%	$237K	$8.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,427	+0.003%	$5.15B	$9.99B	150x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,462.1	+0.044%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,506	+0.096%	$3.75B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,464.8	+0.047%	$40.0M	$602.6M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,432.1	+0.009%	$2.60B	$12.26B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,409	−0.018%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,407.7	−0.019%	$5.2M	$98.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,435.6	+0.013%	$5.55B	$11.02B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,354.9	−0.081%	$37.1M	$178.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,275.8	−0.174%	$154.7M	$557.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,313.9	−0.129%	$279.5M	$949.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,293.3	−0.153%	$214.1M	$165.1M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,315.1	−0.128%	$30.1M	$203.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,467.6	+0.051%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,428	+0.004%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,430.6	+0.007%	$201K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,431.1	+0.008%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,469.5	+0.053%	$194K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,214.5	−0.245%	$29.9M	$47.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,411.2	−0.015%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,417	−0.008%	$59.8M	$336.8M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,326.2	−0.115%	$2.26B	$967.9M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,353.2	−0.083%	$152.2M	$509.9M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,269.9	−0.181%	$683.1M	$415.1M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,401.9	−0.026%	$44.9M	$240.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,410.1	−0.017%	—	$106.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,453.6	+0.034%	$115.9M	$5.47B	50x	as long as short
Reya BTCRUSDPERP	+0.0129%	1h	85,307.5	−0.137%	$6.6M	$147.6M	40x	as long as short
Kalshi KXBTCPERP	+0.0182%	8h	85,358	−0.078%	$11.8M	$740.9M	6.4x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,448.4	+0.028%	$8.8M	$42.8M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0176%	1h	85,357.3	−0.078%	$13.1M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	85,354.3	−0.082%	$684K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0259%	1h	85,328.6	−0.112%	$79K	$230K	20x	as long as short