BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0107%/8h= +11.7% APRnext payment +$0.13 per $10,000 · paid last 24h +0.022%

Price spread now: dYdX against Hotstuff+0.035%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and dYdX is 0.035% dearer against Hotstuff than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BTC-PERP	86,406	−0.0080	get 0.0010% / 1h	27m 40s	$9K	$3K	50x
Short	dYdX BTC-USD	86,436	0.0027	get 0.0003% / 1h	27m 40s	$16.9M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Hotstuff. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee dYdXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $22.38
Price spread: +0.035% → 0.000%: $3.47
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee dYdX: 5 bp × 2 orders: −$10
Net: $10.85
Costs to cover: 0.150%
Break-even: 3.6 days

Slippage unknown: Hotstuff: no order-book sample; dYdX: live order book, 2 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 Hotstuff no order-book sample	—	—	—	—	—
Sell dYdX live order book, 2 min ago	3.24 bp	8.2 bp −$8	12.1 bp −$121	16.7 bp −$1,667	24.5 bp −$12.2K

Hotstuff: 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	−0.0349%	1h	86,460.8	+0.063%	$144K	$666K	40x	as long as short
Phoenix BTC	−0.0129%	1h	86,403	−0.003%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERPlong	−0.0080%	1h	86,406	long leg	$9K	$3K	50x
01 Exchange BTCUSD	−0.0032%	1h	86,450.2	+0.051%	$361K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,417.5	+0.013%	$481K	$21.5M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,435.2	+0.034%	$36.9M	—	200x	as long as short
Phemex BTCUSDT	+0.0018%	8h	86,423.7	+0.020%	$154.6M	$473.6M	150x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,358	−0.056%	$343K	$26.9M	52x	as long as short
Aster BTCUSDT	+0.0025%	8h	86,414.6	+0.010%	$501.1M	$1.13B	200x	as long as short
dYdX BTC-USDshort	+0.0027%	1h	86,436	+0.035%	$16.9M	$20.5M	50x

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XBTUSDTM	+0.0042%	8h	86,408.5	+0.003%	$832.0M	$719.1M	125x	as long as short
Reya BTCRUSDPERP	+0.0045%	1h	86,415.3	+0.011%	$6.7M	$145.7M	40x	as long as short
BingX BTC-USDT	+0.0050%	8h	86,429.3	+0.027%	—	$1.57B	—	as long as short
RISEx BTC/USDC	+0.0052%	1h	86,431.8	+0.030%	$8.3M	$42.4M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0059%	1h	86,465.2	+0.069%	$902.5M	$1.51B	50x	as long as short
Bitget BTCUSDT	+0.0063%	8h	86,422.3	+0.019%	$2.97B	$5.03B	150x	as long as short
MEXC BTC_USDT	+0.0078%	8h	86,407.4	+0.002%	$5.13B	$5.70B	500x	as long as short
Aevo BTC-PERP	+0.0080%	1h	86,416.2	+0.012%	$2.5M	$1.8M	20x	as long as short
Binance BTCUSDT	+0.0080%	8h	86,407.7	+0.002%	$9.42B	$24.26B	150x	as long as short
SoDEX BTC-USD	+0.0095%	1h	86,428	+0.025%	$60.4M	$338.2M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,417.5	+0.013%	$170.7M	$986.7M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,420.3	+0.017%	$23.8M	$149.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,430	+0.028%	$8.4M	$52.0M	100x	as long as short
HTX BTC-USDT	+0.0098%	8h	86,407.4	+0.002%	$2.29B	$962.6M	200x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,401	−0.006%	$201K	$7.2M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,420	+0.016%	$4.2M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,429.9	+0.028%	$22.0M	$227.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,484	+0.090%	$3.79B	$5.00B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,431.2	+0.029%	$41.1M	$552.2M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,416.8	+0.012%	$5.26B	$9.66B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,421.3	+0.018%	$2.56B	$12.47B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,421	+0.017%	$3.9M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,446.2	+0.047%	$7.2M	$94.8M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	86,417.3	+0.013%	$5.80B	$10.54B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,412.6	+0.008%	$37.5M	$158.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,377.3	−0.033%	$158.2M	$561.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,361.8	−0.051%	$278.9M	$951.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,400.1	−0.007%	$217.0M	$165.5M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,356.3	−0.057%	$141.6M	$321.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,351.2	−0.063%	$30.7M	$209.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,450.5	+0.052%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,429	+0.027%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,417.8	+0.014%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,428.2	+0.026%	$2.5M	$8.9M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,450.4	+0.051%	$30.5M	$58.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,398.7	−0.008%	$3.4M	$5.2M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,411.1	+0.006%	$576.0M	$32.8M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,397.6	−0.010%	$45.9M	$221.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,426.3	+0.023%	—	$98.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,455	+0.057%	$132.4M	$5.39B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,455.2	+0.057%	$192.5M	$941.4M	100x	as long as short
Aftermath Perps BTCUSD	+0.0167%	1h	86,408.1	+0.002%	$77K	$217K	20x	as long as short
Hibachi BTC/USDT-P	+0.0168%	1h	86,394.7	−0.013%	$710K	$7.9M	30x	as long as short
BloFin BTC-USDT	+0.0198%	8h	86,365.3	−0.047%	$415.9M	$645.9M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0205% / S −0.0219%	1h	86,428.6	+0.026%	$14.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0209%	8h	86,453	+0.054%	$10.2M	$762.9M	6.4x	as long as short