Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.008%
Price spread now: BingX against gTrade (Gains Network)−0.042%7-day average −0.034% · 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−$19as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 3 days (all we have)+0.037%+$4 on $10k
+Price spread, last 7 days−0.001%$0 · spread now −0.042%, 7d avg −0.034%
=The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BTC/USD | 85,447.4 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 48m 56s | $36.5M | — | 200x |
| Short | BingX BTC-USDC | 85,411.1 | 0.0064 | get 0.0064% / 8h | 2h 48m | — | $17.3M | — |
gTrade (Gains Network) BTC/USD
BingX BTC-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against gTrade (Gains Network). 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
- $12.5
- Price spread: −0.042% → −0.034%
- −$0.85
- Slippage, 4 orders
- −$1.06
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$6.41
- Costs to cover
- 0.181%
- Break-even
- 10.6 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; BingX: live order book, 9 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,181 |
| Sell BingX live order book, 9 min ago | 0.01 bp | 5.0 bp −$5 | 5.3 bp −$53 | 5.9 bp −$590 | 7.2 bp −$3,588 |
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 | −0.0111% | 1h | 85,432 | −0.018% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,459 | +0.014% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,412.7 | −0.041% | $920.9M | $760.8M | 125x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,441.9 | −0.006% | $381K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0030% | 8h | 85,428.7 | −0.022% | $420.6M | $676.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0011% | 8h | 85,422.4 | −0.029% | $514.0M | $1.10B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,435.4 | −0.014% | $532K | $18.8M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0003% | 1h | 85,452.6 | +0.006% | $16.8M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USDlong | L +0.0004% / S −0.0004% | 1h | 85,447.4 | long leg | $36.5M | — | 200x | |
| Nado BTC-PERP | +0.0009% | 1h | 85,445 | −0.003% | $24.6M | $223.8M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
BloFin BTC-USDT
Aster BTCUSDT
Perpl BTC
dYdX 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 | 85,449 | +0.002% | $339K | $26.8M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,441.7 | −0.007% | $187.6M | $954.6M | 100x | as long as short |
| BingX BTC-USDCshort | +0.0064% | 8h | 85,411.1 | −0.042% | — | $17.3M | — | |
| Bullet BTC-USD | +0.0067% | 1h | 85,431 | −0.019% | $203K | $3.3M | 20x | as long as short |
| Phemex BTCUSDT | +0.0071% | 8h | 85,431.1 | −0.019% | $149.4M | $500.8M | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0076% | 1h | 85,463 | +0.018% | $139.7M | $315.4M | 100x | as long as short |
| Bitget BTCUSDT | +0.0081% | 8h | 85,427 | −0.024% | $2.95B | $5.15B | 150x | as long as short |
| SoDEX BTC-USD | +0.0083% | 1h | 85,426 | −0.025% | $59.9M | $335.9M | 40x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,424.5 | −0.027% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0090% | 8h | 85,424.1 | −0.027% | $5.08B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0090% | 8h | 85,424.7 | −0.027% | $9.44B | $24.71B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,429.9 | −0.020% | $171.8M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,439.8 | −0.009% | $23.9M | $147.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,442 | −0.006% | $8.4M | $55.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,459.9 | +0.015% | $117.0M | $5.31B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,414 | −0.039% | $238K | $8.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,515.4 | +0.080% | $5.6M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,509 | +0.072% | $3.78B | $5.03B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,478 | +0.036% | $40.1M | $595.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,422.2 | −0.029% | $5.18B | $9.89B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,430.1 | −0.020% | $2.59B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,421 | −0.031% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,443.1 | −0.005% | $4.7M | $99.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,428.2 | −0.022% | $5.54B | $10.80B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,418.7 | −0.034% | $36.6M | $175.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,453.4 | +0.007% | $154.3M | $564.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,371.3 | −0.089% | $279.2M | $937.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,475.7 | +0.033% | $214.8M | $169.0M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,466.1 | +0.022% | $30.1M | $206.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,504.5 | +0.067% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,432 | −0.018% | $11.1M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,428 | −0.023% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,485.9 | +0.045% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,412.8 | −0.040% | $30.0M | $50.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,423.1 | −0.028% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,425.5 | −0.026% | $2.26B | $952.0M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,429 | −0.022% | $679.8M | $655.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,400.1 | −0.055% | $45.8M | $236.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,457.5 | +0.012% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0109% | 1h | 85,427.1 | −0.024% | $6.6M | $147.3M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0147% | 1h | 85,472.6 | +0.030% | $872.2M | $1.60B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0174% | 8h | 85,470 | +0.026% | $11.4M | $750.0M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,445.7 | −0.002% | $13.0M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0237% | 1h | 85,472.2 | +0.029% | $78K | $225K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,506.5 | +0.069% | $695K | $7.9M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,469.4 | +0.026% | $8.8M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
Bullet BTC-USD
Phemex BTCUSDT
ApeX Omni BTCUSDT
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
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
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC