Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%
Price spread now: Derive against HTX+0.015%7-day average +0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 3 days (all we have)−0.018%−$2 · spread now +0.015%, 7d avg +0.013%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BTC-USDT | 86,477.7 | 0.0100 | pay 0.0100% / 8h | 1h 25m | $2.30B | $968.2M | 200x |
| Short | Derive BTC-PERP | 86,491 | 0.0100 | get 0.0013% / 1h | 25m 21s | $30.0M | $61.6M | 15x |
HTX BTC-USDT
Derive BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against HTX. 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
- $0
- Price spread: +0.015% → +0.013%
- $0.28
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$17.72
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 4 min ago; Derive: 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 HTX live order book, 4 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 7.9 bp −$791 | 10.6 bp −$5,293 |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | −0.1105% | 1h | 86,515.6 | +0.044% | $140K | $618K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,405 | −0.084% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,377 | −0.116% | $9K | $3K | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0044% | 1h | 86,490.2 | +0.015% | $82K | $217K | 20x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 86,489 | +0.013% | $504.8M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,472.4 | −0.006% | $358K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 86,463.7 | −0.016% | $851.6M | $711.3M | 125x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,465.9 | −0.014% | $422K | $23.8M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,526.2 | +0.056% | $921.5M | $1.48B | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 86,413.7 | −0.074% | $17.0M | $21.1M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
Aftermath Perps BTCUSD
Aster BTCUSDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
Perpl BTC
Deribit BTC-PERPETUAL
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,518.9 | +0.048% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,440.3 | −0.043% | $8.5M | $43.1M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,474.5 | −0.004% | $6.7M | $144.9M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.094% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0033% | 8h | 86,489.4 | +0.014% | $149.3M | $476.3M | 150x | as long as short |
| BingX BTC-USDC | +0.0034% | 8h | 86,487.7 | +0.012% | — | $15.3M | — | as long as short |
| Bitget BTCUSDT | +0.0044% | 8h | 86,495.2 | +0.020% | $2.95B | $5.10B | 150x | as long as short |
| MEXC BTC_USDT | +0.0061% | 8h | 86,483.3 | +0.006% | $5.12B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0061% | 8h | 86,508.2 | +0.035% | $9.42B | $24.40B | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0064% | 1h | 86,431.8 | −0.053% | $716K | $8.2M | 30x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,501.1 | +0.027% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0077% | 8h | 86,496.6 | +0.022% | $5.85B | $10.71B | 200x | as long as short |
| Bybit BTCUSDT | +0.0090% | 8h | 86,504.5 | +0.031% | $5.26B | $9.76B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,503.4 | +0.030% | $171.1M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,420.9 | −0.066% | $24.1M | $152.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,481 | +0.004% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,415 | −0.073% | $203K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,436.3 | −0.048% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,414.4 | −0.073% | $22.0M | $234.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,548.5 | +0.082% | $3.81B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,430.4 | −0.055% | $40.7M | $513.3M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,494.9 | +0.020% | $2.54B | $12.74B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,441 | −0.042% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,501.2 | +0.027% | $7.4M | $94.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,343.9 | −0.155% | $570.6M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,370.3 | −0.124% | $37.8M | $155.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,374.3 | −0.120% | $155.6M | $566.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,370.9 | −0.124% | $279.1M | $946.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,399.5 | −0.090% | $216.9M | $174.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,399.7 | −0.090% | $141.3M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,388.4 | −0.103% | $30.7M | $203.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,490.9 | +0.015% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,476 | −0.002% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,489 | +0.013% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,501.4 | +0.027% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERPshort | +0.0100% | 1h | 86,491 | +0.015% | $30.0M | $61.6M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 86,439.4 | −0.044% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,498 | +0.023% | $60.4M | $337.2M | 40x | as long as short |
| HTX BTC-USDTlong | +0.0100% | 8h | 86,477.7 | long leg | $2.30B | $968.2M | 200x | |
| Extended BTC-USD | +0.0104% | 1h | 86,481.2 | +0.004% | $45.6M | $226.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,421.1 | −0.065% | — | $98.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,534 | +0.065% | $132.5M | $5.70B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,521.1 | +0.050% | $191.5M | $943.4M | 100x | as long as short |
| BloFin BTC-USDT | +0.0181% | 8h | 86,498.3 | +0.024% | $415.8M | $654.4M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0184% / S −0.0212% | 1h | 86,510.2 | +0.038% | $15.3M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0196% | 8h | 86,466 | −0.014% | $9.7M | $731.9M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Hibachi BTC/USDT-P
Aevo BTC-PERP
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk 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
SunX BTC-USDT
SoDEX BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP