BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: StandX against Extended+0.221%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on Extended Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days−0.219%−$22 · spread now +0.221%, 7d avg +0.032%

Together, before fees−0.241%+ Points / potential airdropExtended: Active · StandX: Active · farm board−$24 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: StandX is 0.189% dearer against Extended than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BTC-USD	85,919.3	0.0104	pay 0.0013% / 1h	3m 29s	$45.7M	$223.9M	50x
Short	StandX BTC-USD	86,109.6	0.0100	get 0.0013% / 1h	3m 29s	$30.6M	$206.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Extended. 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 ExtendedbpFee StandXbpOrdersPrice spread, now +0.221%Rate

Funding earned: −$0.84
Price spread: +0.221% → +0.032%: $18.91
Slippage, 4 orders: −$3.37
Fee Extended: 2.5 bp × 2 orders: −$5
Fee StandX: 4 bp × 2 orders: −$8
Net: $1.7
Costs to cover: 0.164%
Break-even: from the start

Slippage from Extended: live order book, 6 min ago; StandX: 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 Extended live order book, 6 min ago	0.06 bp	2.6 bp −$3	2.6 bp −$26	2.6 bp −$262	7.6 bp −$3,795
Sell StandX live order book, 1 min ago	1.63 bp	5.6 bp −$6	6.5 bp −$65	9.8 bp −$978	12.0 bp −$5,983

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	−0.0129%	1h	86,215	+0.344%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,961	+0.049%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	85,944.2	+0.029%	$362K	$2.3M	50x	as long as short
Perpl BTC	0.0000%	43m	86,144.7	+0.262%	$518K	$21.2M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,126.9	+0.242%	$36.8M	—	200x	as long as short
dYdX BTC-USD	+0.0023%	1h	85,950.3	+0.036%	$16.8M	$20.5M	50x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,365	+0.519%	$343K	$26.9M	52x	as long as short
Aster BTCUSDT	+0.0031%	8h	85,945.8	+0.031%	$498.3M	$1.13B	200x	as long as short
KuCoin XBTUSDTM	+0.0044%	8h	85,915.2	−0.005%	$825.7M	$715.8M	125x	as long as short
Reya BTCRUSDPERP	+0.0050%	1h	86,101.2	+0.212%	$6.7M	$145.8M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDC	+0.0052%	1h	85,960	+0.047%	$8.2M	$42.4M	25x	as long as short
BingX BTC-USDT	+0.0053%	8h	85,943.3	+0.028%	—	$1.57B	—	as long as short
HTX BTC-USDT	+0.0056%	8h	86,045.8	+0.147%	$2.28B	$959.1M	200x	as long as short
Bitget BTCUSDT	+0.0066%	8h	85,939.2	+0.023%	$2.95B	$5.07B	150x	as long as short
Phemex BTCUSDT	+0.0066%	8h	86,057.3	+0.161%	$155.2M	$473.2M	150x	as long as short
SoDEX BTC-USD	+0.0069%	1h	86,066	+0.171%	$60.3M	$338.3M	40x	as long as short
Gate BTC_USDT	+0.0080%	8h	85,947.8	+0.033%	$5.73B	$10.68B	200x	as long as short
Aevo BTC-PERP	+0.0080%	1h	86,069.6	+0.175%	$2.5M	$1.8M	20x	as long as short
Binance BTCUSDT	+0.0082%	8h	85,938.7	+0.023%	$9.35B	$24.35B	150x	as long as short
MEXC BTC_USDT	+0.0082%	8h	85,925.9	+0.008%	$5.09B	$5.78B	500x	as long as short
Bluefin BTC-PERP	+0.0087%	1h	86,118	+0.231%	$144K	$666K	40x	as long as short
Lighter BTC	+0.0096%	1h	85,960.1	+0.047%	$169.8M	$998.3M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,961.9	+0.050%	$23.5M	$152.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,941	+0.025%	$8.4M	$52.1M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,923	+0.004%	$202K	$7.3M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,946.5	+0.032%	$4.2M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	85,900.1	−0.022%	$21.8M	$226.1M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,000	+0.094%	$3.76B	$4.98B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,984	+0.075%	$40.7M	$560.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,945.9	+0.031%	$5.23B	$9.67B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,971.8	+0.061%	$2.54B	$12.43B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,943	+0.028%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,949.8	+0.035%	$7.3M	$96.7M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,014	+0.110%	$35.4M	$161.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,079.3	+0.186%	$156.4M	$555.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,114.1	+0.227%	$278.1M	$940.2M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,079	+0.186%	$216.0M	$163.9M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,088.3	+0.197%	$140.8M	$320.1M	100x	as long as short
StandX BTC-USDshort	+0.0100%	1h	86,109.6	+0.221%	$30.6M	$206.5M	40x
Vest BTC-PERP	+0.0100%	1h	86,028.5	+0.127%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,112	+0.224%	$11.0M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,116.5	+0.229%	$189K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,080.1	+0.187%	$2.4M	$9.1M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,088.5	+0.197%	$30.2M	$57.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,047.1	+0.149%	$3.3M	$5.4M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,141.5	+0.259%	$581.0M	$76.4M	40x	as long as short
Extended BTC-USDlong	+0.0104%	1h	85,919.3	long leg	$45.7M	$223.9M	50x
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,080.4	+0.187%	—	$99.2M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,084.4	+0.192%	$132.2M	$5.27B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0122%	1h	86,090	+0.199%	$190.1M	$954.0M	100x	as long as short
Hibachi BTC/USDT-P	+0.0128%	1h	86,108.8	+0.221%	$724K	$8.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0169%	1h	86,174.5	+0.297%	$77K	$217K	20x	as long as short
Deribit BTC-PERPETUAL	+0.0182%	1h	86,111.8	+0.224%	$902.8M	$1.51B	50x	as long as short
BloFin BTC-USDT	+0.0203%	8h	86,079.9	+0.187%	$415.6M	$640.3M	150x	as long as short
Kalshi KXBTCPERP	+0.0205%	8h	86,114	+0.227%	$10.2M	$766.1M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0207% / S −0.0222%	1h	86,121.5	+0.235%	$14.5M	—	200x	as long as short