Funding you earn now, next payment 12:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.003%
Price spread now: edgeX against Gate−0.162%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 7 days+0.130%+$13 · spread now −0.162%, 7d avg −0.038%
=Together, before fees−0.015%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.124% cheaper against Gate than usual: you would sell low and buy high (spread −0.162% now, against its 7-day average of −0.038%). If the spread goes back, that is −$12 on $10k: about 18 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTC_USDT | 85,930.8 | 0.0077 | pay 0.0077% / 8h | 4h 47m | $5.52B | $8.77B | 200x |
| Short | edgeX BTCUSDC | 85,791.9 | 0.0100 | get 0.0050% / 4h | 47m 32s | $289.4M | $734.8M | 100x |
Gate BTC_USDT
edgeX BTCUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Gate. 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
- $4.83
- Price spread: −0.162% → −0.038%
- −$12.41
- Slippage, 4 orders
- −$0.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$31.63
- Costs to cover
- 0.240%
- Break-even
- 52.8 days
Slippage from Gate: live order book, 5 min ago; edgeX: 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 Gate live order book, 5 min ago | 0.01 bp | 7.5 bp −$8 | 7.5 bp −$75 | 9.0 bp −$901 | 11.1 bp −$5,546 |
| Sell edgeX live order book, 5 min ago | 0.01 bp | 4.5 bp −$5 | 4.5 bp −$45 | 4.7 bp −$470 | 5.7 bp −$2,873 |
BTC on 56 exchanges
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 | −0.0150% | 1h | 85,939 | +0.010% | $2.1M | $7.7M | 40x | as long as short |
| Perpl BTC | −0.0112% | 43m | 85,880.3 | −0.059% | $473K | $13.4M | 6.7x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,930 | −0.001% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0045% | 8h | 85,776.6 | −0.179% | $421.4M | $548.7M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,917.6 | −0.015% | $369K | $1.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0004% | 1h | 85,852.8 | −0.091% | $137.7M | $288.5M | 100x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,879.7 | −0.059% | $16.8M | $13.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0001% | 1h | 85,802 | −0.150% | $321K | $28.2M | 52x | as long as short |
| SoDEX BTC-USD | +0.0001% | 1h | 85,872 | −0.068% | $65.8M | $187.0M | 40x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,875.3 | −0.065% | $36.9M | — | 200x | as long as short |
Phoenix BTC
Perpl BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
ApeX Omni BTCUSDT
dYdX BTC-USD
Injective BTC/USDC PERP
SoDEX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0015% | 8h | 85,921.2 | −0.011% | $511.5M | $830.3M | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0019% | 1h | 85,893.1 | −0.044% | $192.4M | $738.9M | 100x | as long as short |
| BingX BTC-USDC | +0.0047% | 8h | 85,899.7 | −0.036% | — | $16.1M | — | as long as short |
| Popdex BTCUSDT | +0.0048% | 1h | 85,933 | +0.003% | $8.6M | $45.6M | 100x | as long as short |
| KuCoin XBTUSDTM | +0.0053% | 8h | 85,873.7 | −0.066% | $940.2M | $634.6M | 125x | as long as short |
| Bybit BTCUSDT | +0.0061% | 8h | 85,939.3 | +0.010% | $5.14B | $8.00B | 150x | as long as short |
| Phemex BTCUSDT | +0.0062% | 8h | 85,876 | −0.064% | $171.1M | $474.8M | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 85,861.3 | −0.081% | $2.4M | $6.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0074% | 8h | 85,908.8 | −0.026% | $5.15B | $4.70B | 500x | as long as short |
| Binance BTCUSDT | +0.0075% | 8h | 85,939.7 | +0.010% | $9.42B | $20.02B | 150x | as long as short |
| Gate BTC_USDTlong | +0.0077% | 8h | 85,930.8 | long leg | $5.52B | $8.77B | 200x | |
| HTX BTC-USDT | +0.0083% | 8h | 85,860.3 | −0.082% | $2.27B | $761.1M | 200x | as long as short |
| Bitget BTCUSDT | +0.0087% | 8h | 85,918.3 | −0.015% | $3.00B | $3.84B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,910.7 | −0.023% | $173.5M | $834.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,902.9 | −0.032% | $23.8M | $117.1M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,900 | −0.036% | $231K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,934.7 | +0.005% | $5.9M | $7.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,854.3 | −0.089% | $23.6M | $189.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,921.6 | −0.011% | $40.1M | $569.3M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,929.9 | −0.001% | $2.63B | $9.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,894 | −0.043% | $4.0M | $14.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,923.8 | −0.008% | $4.8M | $91.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,861.9 | −0.080% | $38.2M | $196.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,863.5 | −0.078% | $156.6M | $472.5M | — | as long as short |
| edgeX BTCUSDCshort | +0.0100% | 4h | 85,791.9 | −0.162% | $289.4M | $734.8M | 100x | |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,812 | −0.138% | $215.5M | $132.8M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,908.8 | −0.026% | $30.2M | $227.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,910.4 | −0.024% | — | $10.1M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,833 | −0.114% | $11.0M | $12.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,855.5 | −0.088% | $217K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,867.2 | −0.074% | $2.6M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,901.8 | −0.034% | $143K | $608K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,924.1 | −0.008% | $29.1M | $44.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,894.5 | −0.042% | $3.3M | $6.8M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,951.1 | +0.024% | $715.0M | $86.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,893.1 | −0.044% | $47.3M | $191.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,853.6 | −0.090% | — | $79.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0128% | 1h | 85,912.5 | −0.021% | $112.1M | $4.94B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0157% | 8h | 85,877 | −0.063% | $13.2M | $738.7M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0165% | 1h | 85,955.8 | +0.029% | $9.0M | $35.4M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0173% | 1h | 85,830.5 | −0.117% | $6.6M | $125.2M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0252% | 1h | 85,864 | −0.078% | $15.5M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0220% | 1h | 85,980.6 | +0.058% | $3.95B | $4.17B | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0234% | 1h | 85,927.3 | −0.004% | $819.7M | $1.49B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0296% | 1h | 85,960.7 | +0.035% | $695K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0313% | 1h | 85,894.3 | −0.042% | $79K | $228K | 20x | as long as short |
Aster BTCUSDT
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Popdex BTCUSDT
KuCoin XBTUSDTM
Bybit BTCUSDT
Phemex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
HTX BTC-USDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
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
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
RISEx BTC/USDC
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD