Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.022%
Price spread now: MEXC against gTrade (Gains Network)−0.009%7-day average +0.005% · 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−$14as in the Price arb table
costs, in and out, $10k−$120.120% of the position
Funding, last 4 days (all we have)+0.076%+$8 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.009%, 7d avg +0.005%
=The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$3 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 | 85,345 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 59m 27s | $36.5M | — | 200x |
| Short | MEXC BTC_USDT | 85,337 | 0.0100 | get 0.0100% / 8h | 7h 59m | $5.03B | $5.70B | 500x |
gTrade (Gains Network) BTC/USD
MEXC BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $20.06
- Price spread: −0.009% → +0.005%
- −$1.48
- Slippage, 4 orders
- −$1.05
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $6.53
- Costs to cover
- 0.120%
- Break-even
- 4.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; MEXC: 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$447 | 6.4 bp −$3,184 |
| Sell MEXC live order book, 5 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.0 bp −$201 | 2.3 bp −$1,125 |
BTC on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,351 | +0.007% | $8K | $2K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,341 | −0.005% | $2.3M | $10.4M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,279.8 | −0.076% | $421.4M | $684.9M | 150x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,335.5 | −0.011% | $345K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 85,334.3 | −0.013% | $929.7M | $776.8M | 125x | as long as short |
| gTrade (Gains Network) BTC/USDlong | L +0.0004% / S −0.0004% | 1h | 85,345 | long leg | $36.5M | — | 200x | |
| Aster BTCUSDT | +0.0019% | 8h | 85,336.9 | −0.009% | $502.5M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0022% | 1h | 85,321.7 | −0.027% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,305.6 | −0.046% | $186.3M | $954.0M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,267 | −0.091% | $311K | $26.1M | 52x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
Injective BTC/USDC PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0069% | 8h | 85,335.8 | −0.011% | — | $17.5M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,351.5 | +0.008% | $169.6M | $935.2M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,348 | +0.004% | $23.6M | $133.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,331 | −0.016% | $8.4M | $57.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,290 | −0.064% | $2.4M | $6.7M | 20x | as long as short |
| ApeX Omni BTCUSDT | +0.0097% | 1h | 85,273.7 | −0.084% | $138.0M | $312.8M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,358.3 | +0.016% | $5.7M | $9.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,299.9 | −0.053% | $24.0M | $219.8M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,359.9 | +0.017% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,348.9 | +0.005% | $9.40B | $25.18B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,333.1 | −0.014% | $5.09B | $10.03B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,332.6 | −0.015% | $2.61B | $12.25B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,338 | −0.008% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,369 | +0.028% | $4.6M | $97.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,256 | −0.104% | $695.2M | $190.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,355.3 | +0.012% | $5.46B | $9.79B | 200x | as long as short |
| MEXC BTC_USDTshort | +0.0100% | 8h | 85,337 | −0.009% | $5.03B | $5.70B | 500x | |
| Bitget BTCUSDT | +0.0100% | 8h | 85,340.5 | −0.005% | $2.97B | $5.19B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,297.5 | −0.056% | $36.8M | $191.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,265.8 | −0.093% | $155.3M | $548.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,267.5 | −0.091% | $282.8M | $959.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,283.5 | −0.072% | $214.0M | $159.0M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,270.7 | −0.087% | $30.1M | $216.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,403.9 | +0.069% | — | $9.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,315 | −0.035% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,346.3 | +0.002% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,295.6 | −0.058% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,347.1 | +0.002% | $193K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,317.2 | −0.033% | $28.8M | $46.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,280.8 | −0.075% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,290 | −0.064% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,284.7 | −0.071% | $2.25B | $974.2M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,301.2 | −0.051% | $159.0M | $516.4M | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0103% | 1h | 85,328.7 | −0.019% | $829.4M | $1.67B | 50x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,338.5 | −0.008% | $45.7M | $241.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,296.9 | −0.056% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,333 | −0.014% | $111.8M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0145% | 1h | 85,286 | −0.069% | $6.6M | $141.1M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,319 | −0.030% | $11.9M | $737.5M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,295.4 | −0.058% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,376.1 | +0.036% | $8.9M | $42.9M | 25x | as long as short |
| Hyperliquid BTC | +0.0228% | 1h | 85,424 | +0.093% | $3.79B | $5.11B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.0283% | 1h | 85,298.8 | −0.054% | $81K | $249K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0312% | 1h | 85,302.6 | −0.050% | $682K | $7.8M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,378.6 | +0.039% | $464K | $18.4M | 6.7x | as long as short |
BingX BTC-USDC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
ApeX Omni BTCUSDT
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Deribit BTC-PERPETUAL
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hyperliquid BTC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC