BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.010%

Price spread now: Aevo against Jupiter Perps−0.063%7-day average −0.028% · you buy dearer than you sell

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

Long on Jupiter Perps Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.063%, 7d avg −0.028%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.035% cheaper against Jupiter Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Jupiter Perps WBTC-PERP	86,449.7	L +0.0104% / S +0.0048%	pay 0.0013% / 1h	16m 35s	—	$98.8M	500x
Short	Aevo BTC-PERP	86,395.1	0.0064	get 0.0008% / 1h	16m 35s	$2.4M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Jupiter Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Jupiter PerpsbpFee AevobpOrdersPrice spread, now −0.063%Rate

Funding earned: −$8.4
Price spread: −0.063% → −0.028%: −$3.53
Slippage, 4 orders: no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$39.93
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Jupiter Perps: no order-book sample; Aevo: 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 Jupiter Perps no order-book sample	—	—	—	—	—
Sell Aevo live order book, 3 min ago	1.37 bp	9.7 bp −$10	11.2 bp −$112	17.6 bp −$1,764	doesn't fit

Jupiter 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
Bluefin BTC-PERP	−0.0795%	1h	86,419.3	−0.035%	$140K	$620K	40x	as long as short
Phoenix BTC	−0.0159%	1h	86,503	+0.062%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,431	−0.022%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,439.2	−0.012%	$358K	$2.4M	50x	as long as short
Aster BTCUSDT	−0.0010%	8h	86,421.8	−0.032%	$503.7M	$1.15B	200x	as long as short
Perpl BTC	0.0000%	43m	86,459.6	+0.011%	$423K	$23.7M	6.7x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,434.3	−0.018%	$920.7M	$1.48B	50x	as long as short
KuCoin XBTUSDTM	+0.0002%	8h	86,397.2	−0.061%	$851.6M	$712.0M	125x	as long as short
dYdX BTC-USD	+0.0004%	1h	86,452.8	+0.004%	$17.0M	$21.1M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,422.8	−0.031%	$36.8M	—	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDC	+0.0006%	1h	86,437.5	−0.014%	$8.5M	$42.8M	25x	as long as short
Aftermath Perps BTCUSD	+0.0011%	1h	86,486.3	+0.042%	$82K	$217K	20x	as long as short
Reya BTCRUSDPERP	+0.0023%	1h	86,398.5	−0.059%	$6.7M	$145.0M	40x	as long as short
Injective BTC/USDC PERP	+0.0024%	1h	86,559	+0.126%	$315K	$26.8M	52x	as long as short
BingX BTC-USDT	+0.0036%	8h	86,434.7	−0.017%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0038%	8h	86,415.6	−0.039%	$150.0M	$476.9M	150x	as long as short
Bitget BTCUSDT	+0.0046%	8h	86,432.3	−0.020%	$2.95B	$5.10B	150x	as long as short
Binance BTCUSDT	+0.0064%	8h	86,422.4	−0.032%	$9.43B	$24.43B	150x	as long as short
MEXC BTC_USDT	+0.0064%	8h	86,422.4	−0.032%	$5.13B	$5.70B	500x	as long as short
Aevo BTC-PERPshort	+0.0064%	1h	86,395.1	−0.063%	$2.4M	$1.3M	20x
Gate BTC_USDT	+0.0079%	8h	86,434.4	−0.018%	$5.84B	$10.74B	200x	as long as short
Bybit BTCUSDT	+0.0093%	8h	86,429.1	−0.024%	$5.25B	$9.77B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,416	−0.039%	$170.6M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,434	−0.018%	$24.1M	$152.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,428	−0.025%	$8.5M	$52.3M	100x	as long as short
Hibachi BTC/USDT-P	+0.0096%	1h	86,499.1	+0.057%	$717K	$8.2M	30x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,409	−0.047%	$201K	$6.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,455	+0.006%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,454.1	+0.005%	$21.8M	$234.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,474.7	+0.029%	$3.80B	$5.10B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,452.5	+0.003%	$40.8M	$513.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,434.3	−0.018%	$2.53B	$12.72B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,437	−0.015%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,492.7	+0.050%	$7.8M	$94.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,498.7	+0.057%	$571.7M	$18.6M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,391.9	−0.067%	$37.8M	$155.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,498.8	+0.057%	$156.2M	$568.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,531.2	+0.094%	$279.7M	$948.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,484.2	+0.040%	$217.3M	$176.0M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,540.1	+0.105%	$141.5M	$323.4M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,483	+0.039%	$30.7M	$203.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,478.9	+0.034%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,413	−0.042%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,402.5	−0.055%	$189K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,408.7	−0.047%	$2.4M	$8.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,407.4	−0.049%	$30.4M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,406.2	−0.050%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,402	−0.055%	$60.4M	$337.2M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,395.6	−0.063%	$2.29B	$968.5M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,415.4	−0.040%	$45.5M	$226.1M	50x	as long as short
Jupiter Perps WBTC-PERPlong	L +0.0104% / S +0.0048%	1h	86,449.7	long leg	—	$98.8M	500x
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,444.1	−0.006%	$131.5M	$5.69B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,424.9	−0.029%	$191.1M	$943.8M	100x	as long as short
BloFin BTC-USDT	+0.0184%	8h	86,401.9	−0.055%	$414.3M	$653.7M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0185% / S −0.0211%	1h	86,415.2	−0.040%	$15.2M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0199%	8h	86,460	+0.012%	$9.8M	$734.2M	6.4x	as long as short