Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.011%
Price spread now: SoDEX against Extended+0.091%7-day average +0.027% · 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−$7as in the Price arb table
costs, in and out, $10k−$130.132% of the position
Funding, last 3 days (all we have)−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.091%, 7d avg +0.027%
=Together, before fees−0.163%+ Points / potential airdropExtended: 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: SoDEX is 0.063% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTC-USD | 85,387.7 | 0.0104 | pay 0.0013% / 1h | 39m 36s | $44.5M | $226.5M | 50x |
| Short | SoDEX BTC-USD | 85,465 | 0.0100 | get 0.0013% / 1h | 39m 36s | $59.9M | $336.1M | 40x |
Extended BTC-USD
SoDEX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Extended. 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
- −$0.84
- Price spread: +0.091% → +0.027%
- $6.32
- Slippage, 4 orders
- −$0.23
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$7.75
- Costs to cover
- 0.132%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; SoDEX: live order book, 5 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 Extended live order book, 5 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 4.2 bp −$421 | 10.4 bp −$5,180 |
| Sell SoDEX live order book, 5 min ago | 0.06 bp | 4.1 bp −$4 | 4.2 bp −$42 | 6.2 bp −$616 | 48.1 bp −$24.1K |
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 | −0.0368% | 1h | 85,515.6 | +0.150% | $207K | $738K | 40x | as long as short |
| Phoenix BTC | −0.0179% | 1h | 85,385 | −0.003% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,449 | +0.072% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,416.2 | +0.033% | $366K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0031% | 8h | 85,454.3 | +0.078% | $416.4M | $665.7M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0008% | 8h | 85,445.4 | +0.068% | $919.1M | $750.3M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,485.8 | +0.115% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 85,447.5 | +0.070% | $514.9M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0019% | 1h | 85,483.8 | +0.113% | $16.7M | $21.2M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,398.2 | +0.012% | $6.9M | $97.2M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0058% | 1h | 85,490.1 | +0.120% | $22.8M | $219.0M | 50x | as long as short |
| BingX BTC-USDC | +0.0060% | 8h | 85,414.1 | +0.031% | — | $17.1M | — | as long as short |
| Bitget BTCUSDT | +0.0076% | 8h | 85,411.1 | +0.027% | $2.95B | $5.03B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0079% | 1h | 85,484.7 | +0.114% | $6.7M | $146.7M | 40x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,474.4 | +0.102% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0089% | 8h | 85,468.3 | +0.094% | $5.05B | $5.59B | 500x | as long as short |
| Binance BTCUSDT | +0.0090% | 8h | 85,423 | +0.041% | $9.35B | $24.05B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,479.1 | +0.107% | $173.1M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,484.7 | +0.114% | $23.8M | $148.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,434 | +0.054% | $8.4M | $52.7M | 100x | as long as short |
| Phemex BTCUSDT | +0.0098% | 8h | 85,453.8 | +0.077% | $149.6M | $484.3M | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,393 | +0.006% | $225K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,487 | +0.116% | $4.2M | $8.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,545.3 | +0.185% | $3.75B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,489 | +0.119% | $40.1M | $578.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,419.5 | +0.037% | $5.24B | $9.70B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,435.5 | +0.056% | $2.58B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,421 | +0.039% | $3.9M | $18.0M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,426 | +0.045% | $5.53B | $10.62B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,438.4 | +0.059% | $35.7M | $176.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,453.7 | +0.077% | $153.6M | $563.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,527.2 | +0.163% | $279.4M | $916.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,454 | +0.078% | $214.5M | $169.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,439.1 | +0.060% | $139.7M | $314.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,450 | +0.073% | $30.2M | $207.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,542.3 | +0.181% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,492 | +0.122% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,496.7 | +0.128% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,484.6 | +0.114% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,475.7 | +0.103% | $29.9M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,474.2 | +0.101% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USDshort | +0.0100% | 1h | 85,465 | +0.091% | $59.9M | $336.1M | 40x | |
| HTX BTC-USDT | +0.0100% | 8h | 85,450 | +0.073% | $2.26B | $940.4M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,513.6 | +0.147% | $649.6M | $594.9M | 40x | as long as short |
| Extended BTC-USDlong | +0.0104% | 1h | 85,387.7 | long leg | $44.5M | $226.5M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,521 | +0.156% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,504.6 | +0.137% | $117.0M | $5.16B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,539 | +0.177% | $340K | $26.9M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0163% | 1h | 85,511.2 | +0.145% | $894.0M | $1.53B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,470.5 | +0.097% | $188.3M | $954.2M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,496.3 | +0.127% | $13.3M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,443.8 | +0.066% | $8.3M | $42.4M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,496.4 | +0.127% | $693K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0201% | 1h | 85,522.7 | +0.158% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,517 | +0.151% | $10.3M | $758.8M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,519.8 | +0.155% | $497K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Phemex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
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
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC