Funding you earn now, next payment 00:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: Ondo Perps against gTrade (Gains Network)0.000%45s7-day average −0.009% · 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)+0.089%+$9 on $10k
+Price spread, last 3 days (all we have)−0.025%−$3 · spread now 0.000%, 7d avg −0.009%
=Together, before fees+0.064%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BTC/USD | 86,547.3 | L +0.0005% / S −0.0004% | pay 0.0001% / 1h | 38m 32s | $36.9M | — | 200x |
| Short | Ondo Perps BTC-USD.P | 86,547 | 0.0100 | get 0.0013% / 1h | 38m 32s | $3.9M | $18.6M | 25x |
gTrade (Gains Network) BTC/USD
Ondo Perps BTC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo 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
- $20.03
- Price spread: 0.000% → −0.009%
- $0.85
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $8.88
- Costs to cover
- 0.120%
- Break-even
- 3.9 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Ondo 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), 1 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,184 |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,598 | +0.059% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,545 | −0.003% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.024% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,566.4 | +0.022% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,574.7 | +0.032% | $359K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | 0.0000% | 8h | 86,571.3 | +0.028% | $502.2M | $1.15B | 200x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,554.4 | +0.008% | $916.5M | $1.48B | 50x | as long as short |
| gTrade (Gains Network) BTC/USDlong | L +0.0005% / S −0.0004% | 1h | 86,547.3 | long leg | $36.9M | — | 200x | |
| KuCoin XBTUSDTM | +0.0013% | 8h | 86,534.9 | −0.014% | $850.5M | $715.1M | 125x | as long as short |
| dYdX BTC-USD | +0.0027% | 1h | 86,538.7 | −0.010% | $17.0M | $21.1M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0028% | 1h | 86,566.4 | +0.022% | $6.7M | $145.4M | 40x | as long as short |
| BingX BTC-USDC | +0.0042% | 8h | 86,528.4 | −0.022% | — | $15.4M | — | as long as short |
| Phemex BTCUSDT | +0.0045% | 8h | 86,535.4 | −0.014% | $150.5M | $479.1M | 150x | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,562.8 | +0.018% | $2.96B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0071% | 8h | 86,540.7 | −0.008% | $5.15B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0071% | 8h | 86,568.8 | +0.025% | $9.43B | $24.57B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,518.4 | −0.033% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,558.1 | +0.012% | $5.88B | $10.75B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,545.4 | −0.002% | $170.5M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,554.4 | +0.008% | $24.0M | $151.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,569 | +0.025% | $8.5M | $52.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0098% | 1h | 86,519 | −0.033% | $60.5M | $337.7M | 40x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,585 | +0.044% | $5.27B | $9.82B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,542 | −0.006% | $197K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,577.3 | +0.035% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,514.6 | −0.038% | $21.8M | $234.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,646 | +0.114% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,568.8 | +0.025% | $40.8M | $527.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,587.6 | +0.047% | $2.55B | $12.76B | 100x | as long as short |
| Ondo Perps BTC-USD.Pshort | +0.0100% | 1h | 86,547 | 0.000% | $3.9M | $18.6M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 86,590.5 | +0.050% | $7.6M | $95.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,514.9 | −0.037% | $38.4M | $155.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,585.8 | +0.045% | $157.4M | $570.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,569.6 | +0.026% | $279.6M | $946.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,600.3 | +0.061% | $217.5M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,597.6 | +0.058% | $141.5M | $323.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,558 | +0.012% | $30.7M | $204.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,608.9 | +0.071% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,574 | +0.031% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,530.7 | −0.019% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,531.5 | −0.018% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,556.8 | +0.011% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,556 | +0.010% | $30.6M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,517.8 | −0.034% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,514.4 | −0.038% | $2.30B | $970.9M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,562.5 | +0.018% | $572.7M | $17.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,526.4 | −0.024% | $45.5M | $227.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,564.1 | +0.019% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,541.4 | −0.007% | $193.4M | $951.6M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,578.9 | +0.037% | $416K | $23.2M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,558.1 | +0.012% | $132.6M | $5.67B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0125% | 1h | 86,594.8 | +0.055% | $79K | $218K | 20x | as long as short |
| BloFin BTC-USDT | +0.0192% | 8h | 86,525.3 | −0.025% | $415.4M | $658.3M | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 86,567.2 | +0.023% | $728K | $8.1M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0193% / S −0.0215% | 1h | 86,541.6 | −0.007% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 86,565 | +0.020% | $9.6M | $744.0M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Arcus BTC-USD
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
BloFin BTC-USDT
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP