Funding you earn now, next payment 03:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h −0.016%
Price spread now: Jupiter Perps against gTrade (Gains Network)−0.030%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.030%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Jupiter Perps is 0.027% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BTC/USD | 85,752.6 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 29m 00s | $36.7M | — | 200x |
| Short | Jupiter Perps WBTC-PERP | 85,727.1 | L +0.0104% / S +0.0056% | pay 0.0007% / 1h | 29m 00s | — | $106.4M | 500x |
gTrade (Gains Network) BTC/USD
Jupiter Perps WBTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Jupiter Perps 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
- −$12.7
- Price spread: −0.030% → −0.003%
- −$2.66
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Net
- −$34.35
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 5 min ago; Jupiter Perps: 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 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 Jupiter Perps no order-book sample | — | — | — | — | — |
Jupiter Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0617% | 1h | 84,893.2 | −1.002% | $194K | $722K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,791 | +0.045% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,741 | −0.014% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,725.2 | −0.032% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,703.2 | −0.058% | $416.3M | $665.3M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,739.4 | −0.015% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USDlong | L +0.0004% / S −0.0004% | 1h | 85,752.6 | long leg | $36.7M | — | 200x | |
| KuCoin XBTUSDTM | +0.0009% | 8h | 85,690.3 | −0.073% | $918.3M | $753.9M | 125x | as long as short |
| Nado BTC-PERP | +0.0010% | 1h | 85,724.9 | −0.032% | $22.8M | $220.8M | 50x | as long as short |
| Aster BTCUSDT | +0.0021% | 8h | 85,707.6 | −0.053% | $516.4M | $1.11B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
KuCoin XBTUSDTM
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0054% | 8h | 85,700.8 | −0.060% | — | $1.54B | — | as long as short |
| Bitget BTCUSDT | +0.0068% | 8h | 85,693.6 | −0.069% | $2.95B | $5.03B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0069% | 1h | 85,736 | −0.019% | $6.7M | $146.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0075% | 8h | 85,691.3 | −0.071% | $2.27B | $936.7M | 200x | as long as short |
| Phemex BTCUSDT | +0.0075% | 8h | 85,690.4 | −0.073% | $148.1M | $479.8M | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | −0.204% | $340K | $26.9M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0079% | 1h | 85,743.1 | −0.011% | $892.3M | $1.53B | 50x | as long as short |
| SunX BTC-USDT | +0.0086% | 8h | 85,743 | −0.011% | $2.9M | $6.1M | 100x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,691.7 | −0.071% | $5.05B | $5.62B | 500x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,705.9 | −0.054% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0088% | 8h | 85,682.4 | −0.082% | $9.35B | $23.94B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,709.6 | −0.050% | $170.3M | $991.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,714.9 | −0.044% | $23.9M | $148.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,725 | −0.032% | $8.4M | $52.0M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,769.2 | +0.019% | $3.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,697 | −0.065% | $198K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,776 | +0.027% | $3.74B | $5.00B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,756.7 | +0.005% | $40.2M | $574.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,690.8 | −0.072% | $5.33B | $9.59B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,688 | −0.075% | $2.57B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,729 | −0.028% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,690.6 | −0.072% | $7.1M | $97.2M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,704.1 | −0.057% | $5.56B | $10.52B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,685.7 | −0.078% | $35.1M | $172.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,767.3 | +0.017% | $156.3M | $548.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,658.9 | −0.109% | $279.6M | $930.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,774.1 | +0.025% | $215.4M | $166.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,800 | +0.055% | $140.4M | $316.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,761 | +0.010% | $30.3M | $210.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,794.8 | +0.049% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,741 | −0.014% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,748 | −0.005% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,731.1 | −0.025% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,713.3 | −0.046% | $30.0M | $50.9M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,710 | −0.050% | $60.0M | $336.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,614.4 | −0.161% | $621.3M | $398.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,685.8 | −0.078% | $44.1M | $227.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERPshort | L +0.0104% / S +0.0056% | 1h | 85,727.1 | −0.030% | — | $106.4M | 500x | |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,749.6 | −0.003% | $130.4M | $5.12B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,749.4 | −0.004% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,722.1 | −0.036% | $189.0M | $952.3M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0194% | 1h | 85,706 | −0.054% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0179% | 1h | 85,751.8 | −0.001% | $13.6M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,780.9 | +0.033% | $701K | $7.8M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,753 | 0.000% | $10.4M | $760.9M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,746.6 | −0.007% | $516K | $19.3M | 6.7x | as long as short |
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
HTX BTC-USDT
Phemex BTCUSDT
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
SunX BTC-USDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
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
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SoDEX BTC-USD
Bulk BTC-USD
Extended BTC-USD
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC