Funding you earn now, next payment 03:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.029%
Price spread now: RISEx against GMX+0.021%7-day average −0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.021%, 7d avg −0.021%
=The price spread pays, funding is against you. RISEx is 0.042% dearer against GMX than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.021%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX BTC/USD [WBTC.b-USDC] | 85,706.7 | L +0.0202% / S −0.0177% | pay 0.0025% / 1h | 1m 11s | $13.5M | — | 200x |
| Short | RISEx BTC/USDC | 85,724.3 | 0.0120 | get 0.0015% / 1h | 1m 11s | $8.4M | $42.3M | 25x |
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against GMX. 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
- −$17.26
- Price spread: +0.021% → −0.021%
- $4.16
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$31.09
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; RISEx: live order book, 3 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell RISEx live order book, 3 min ago | 0.01 bp | 3.0 bp −$3 | 3.0 bp −$30 | 11.2 bp −$1,125 | doesn't fit |
GMX: 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 | −0.0373% | 1h | 85,740.9 | +0.040% | $195K | $724K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,660 | −0.054% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,718 | +0.013% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,693.9 | −0.015% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0033% | 8h | 85,703 | −0.004% | $417.0M | $665.5M | 150x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 85,685.7 | −0.025% | $920.3M | $750.1M | 125x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,715.7 | +0.010% | $16.7M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,707.6 | +0.001% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0017% | 8h | 85,688.2 | −0.022% | $516.4M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0018% | 1h | 85,690.5 | −0.019% | $22.6M | $218.6M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0058% | 8h | 85,682.3 | −0.028% | — | $17.0M | — | as long as short |
| Bitget BTCUSDT | +0.0073% | 8h | 85,696.1 | −0.012% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0075% | 1h | 85,685.8 | −0.024% | $6.7M | $146.6M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,688 | −0.022% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,691.3 | −0.018% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,693.1 | −0.016% | $5.06B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,720.7 | +0.016% | $9.34B | $23.94B | 150x | as long as short |
| SoDEX BTC-USD | +0.0088% | 1h | 85,697 | −0.011% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0090% | 8h | 85,695.1 | −0.014% | $2.27B | $936.7M | 200x | as long as short |
| Phemex BTCUSDT | +0.0094% | 8h | 85,709 | +0.003% | $149.8M | $481.3M | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0096% | 1h | 85,736.4 | +0.035% | $891.6M | $1.53B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,705.9 | −0.001% | $174.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,707.2 | +0.001% | $23.9M | $149.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,692 | −0.017% | $8.4M | $52.4M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,742.8 | +0.042% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,667 | −0.046% | $198K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,780 | +0.086% | $3.75B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,734.9 | +0.033% | $40.1M | $576.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,727.8 | +0.025% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,703.7 | −0.003% | $2.58B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,680 | −0.031% | $3.9M | $18.2M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,682.5 | −0.028% | $6.8M | $97.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,700.7 | −0.007% | $5.55B | $10.60B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,688.5 | −0.021% | $35.9M | $174.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,677.9 | −0.034% | $156.8M | $560.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,634.2 | −0.085% | $279.7M | $919.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,680.5 | −0.031% | $215.2M | $164.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,668.2 | −0.045% | $140.1M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,684.9 | −0.025% | $30.3M | $208.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,745.4 | +0.045% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,692 | −0.017% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,695.5 | −0.013% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,698.4 | −0.010% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,694.3 | −0.014% | $30.0M | $51.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,675.2 | −0.037% | $2.9M | $6.1M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,642.1 | −0.075% | $641.7M | $524.8M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,676.4 | −0.035% | $44.3M | $226.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,706 | −0.001% | — | $106.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,731 | +0.028% | $122.7M | $5.12B | 50x | as long as short |
| RISEx BTC/USDCshort | +0.0120% | 1h | 85,724.3 | +0.021% | $8.4M | $42.3M | 25x | |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,724.3 | +0.021% | $189.0M | $952.1M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,718.6 | +0.014% | $702K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]long | L +0.0202% / S −0.0177% | 1h | 85,706.7 | long leg | $13.5M | — | 200x | |
| Aftermath Perps BTCUSD | +0.0207% | 1h | 85,729.1 | +0.026% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0220% | 8h | 85,723 | +0.019% | $10.7M | $758.6M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,709.7 | +0.004% | $497K | $19.0M | 6.7x | as long as short |
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Deribit BTC-PERPETUAL
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
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC