Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%
Price spread now: Derive against edgeX−0.028%7-day average +0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.028%, 7d avg +0.018%
=Together, before fees+0.162%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.046% cheaper against edgeX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX BTCUSDC | 85,133.5 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $278.8M | $944.7M | 100x |
| Short | Derive BTC-PERP | 85,110.1 | 0.0100 | get 0.0013% / 1h | 31m 12s | $29.9M | $49.7M | 15x |
edgeX BTCUSDC
Derive BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against edgeX. 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: −0.028% → +0.018%
- −$4.6
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$19.6
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 3 min ago; Derive: no order-book sample. 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 edgeX live order book, 3 min ago | 0.22 bp | 4.7 bp −$5 | 4.7 bp −$47 | 4.9 bp −$488 | 5.9 bp −$2,936 |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,171.5 | +0.045% | $525K | $18.6M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,177 | +0.051% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,161 | +0.032% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0053% | 8h | 85,127.5 | −0.007% | $921.0M | $763.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0035% | 8h | 85,135.4 | +0.002% | $420.5M | $678.3M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,162.7 | +0.034% | $373K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0015% | 8h | 85,136.3 | +0.003% | $511.8M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,176.4 | +0.050% | $16.7M | $21.7M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,143.9 | +0.012% | $36.4M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0022% | 1h | 85,152 | +0.022% | $24.7M | $222.9M | 50x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | +0.107% | $338K | $26.8M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,149.9 | +0.019% | $186.9M | $955.2M | 100x | as long as short |
| BingX BTC-USDC | +0.0066% | 8h | 85,133.5 | 0.000% | — | $17.4M | — | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,127.8 | −0.007% | $2.4M | $6.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0080% | 8h | 85,143.9 | +0.012% | $148.6M | $504.3M | 150x | as long as short |
| Bullet BTC-USD | +0.0082% | 1h | 85,132.8 | −0.001% | $207K | $3.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0084% | 8h | 85,143.8 | +0.012% | $5.05B | $5.71B | 500x | as long as short |
| Bitget BTCUSDT | +0.0084% | 8h | 85,152 | +0.022% | $2.95B | $5.18B | 150x | as long as short |
| SoDEX BTC-USD | +0.0084% | 1h | 85,132 | −0.002% | $59.6M | $335.8M | 40x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,143.8 | +0.012% | $9.40B | $24.81B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,152.6 | +0.022% | $170.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,146.6 | +0.015% | $23.7M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,150 | +0.019% | $8.3M | $55.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,172 | +0.045% | $116.8M | $5.34B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,133 | −0.001% | $239K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,209.4 | +0.089% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,221 | +0.103% | $3.74B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,184 | +0.059% | $40.1M | $595.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,139.6 | +0.007% | $5.15B | $9.93B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,149.9 | +0.019% | $2.57B | $12.17B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,152 | +0.022% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,157.7 | +0.028% | $4.6M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,183.8 | +0.059% | $678.4M | $603.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,150.7 | +0.020% | $5.49B | $10.92B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,131.3 | −0.003% | $35.9M | $174.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,263.5 | +0.153% | $156.5M | $568.3M | — | as long as short |
| edgeX BTCUSDClong | +0.0100% | 4h | 85,133.5 | long leg | $278.8M | $944.7M | 100x | |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,147 | +0.016% | $214.0M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,125.3 | −0.010% | $139.1M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,149.5 | +0.019% | $30.0M | $205.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,215.7 | +0.096% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,140 | +0.008% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,136.2 | +0.003% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,176 | +0.050% | $217K | $749K | 40x | as long as short |
| Derive BTC-PERPshort | +0.0100% | 1h | 85,110.1 | −0.028% | $29.9M | $49.7M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 85,147.9 | +0.017% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,126 | −0.009% | $2.25B | $947.6M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,105.9 | −0.032% | $45.5M | $238.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,145.1 | +0.014% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0114% | 1h | 85,133.8 | 0.000% | $6.6M | $147.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0131% | 1h | 85,168.3 | +0.041% | $872.3M | $1.61B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,139.1 | +0.006% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0180% | 8h | 85,169 | +0.042% | $11.3M | $744.7M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0212% | 1h | 85,242.8 | +0.128% | $79K | $225K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,227.6 | +0.111% | $717K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,177.7 | +0.052% | $8.6M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Aevo BTC-PERP
Phemex BTCUSDT
Bullet BTC-USD
MEXC BTC_USDT
Bitget BTCUSDT
SoDEX BTC-USD
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
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
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC