Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%
Price spread now: Derive against OKX−0.017%7-day average −0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.017%, 7d avg −0.004%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BTC-USDT-SWAP | 85,106.7 | 0.0100 | pay 0.0100% / 8h | 2h 27m | $2.58B | $12.15B | 100x |
| Short | Derive BTC-PERP | 85,092 | 0.0100 | get 0.0013% / 1h | 27m 45s | $29.9M | $49.7M | 15x |
OKX BTC-USDT-SWAP
Derive BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against OKX. 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: −0.017% → −0.004%
- −$1.37
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$17.37
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.4 bp −$641 | 7.8 bp −$3,915 |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,147.4 | +0.048% | $524K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,204 | +0.114% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,173 | +0.078% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,097.8 | −0.010% | $918.9M | $763.4M | 125x | as long as short |
| BloFin BTC-USDT | −0.0035% | 8h | 85,189.4 | +0.097% | $419.3M | $678.8M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 85,134.5 | +0.033% | $373K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0016% | 8h | 85,103.1 | −0.004% | $511.6M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,125.9 | +0.023% | $16.7M | $21.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,118.6 | +0.014% | $36.4M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | +0.139% | $338K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0028% | 1h | 85,134.6 | +0.033% | $24.7M | $222.7M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,128.6 | +0.026% | $186.8M | $954.8M | 100x | as long as short |
| BingX BTC-USDC | +0.0066% | 8h | 85,083.8 | −0.027% | — | $17.3M | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0072% | 1h | 85,149.6 | +0.050% | $870.1M | $1.61B | 50x | as long as short |
| Phemex BTCUSDT | +0.0079% | 8h | 85,115.3 | +0.010% | $148.1M | $504.7M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,107.5 | +0.001% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0084% | 8h | 85,106.8 | 0.000% | $2.94B | $5.16B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,111.2 | +0.005% | $5.06B | $5.71B | 500x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,108.9 | +0.003% | $9.40B | $24.80B | 150x | as long as short |
| Bullet BTC-USD | +0.0091% | 1h | 85,111.3 | +0.005% | $206K | $3.3M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,109.7 | +0.004% | $170.6M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,119.9 | +0.016% | $23.6M | $148.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,121 | +0.017% | $8.3M | $55.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,148.9 | +0.050% | $116.8M | $5.36B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,102 | −0.006% | $239K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,190.2 | +0.098% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,189 | +0.097% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,160.3 | +0.063% | $40.1M | $599.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,101.5 | −0.006% | $5.14B | $9.94B | 150x | as long as short |
| OKX BTC-USDT-SWAPlong | +0.0100% | 8h | 85,106.7 | long leg | $2.58B | $12.15B | 100x | |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,114 | +0.009% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,130.3 | +0.028% | $4.6M | $99.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,183.8 | +0.091% | $678.4M | $603.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,110.9 | +0.005% | $5.50B | $10.94B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,110.8 | +0.005% | $35.9M | $175.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,111.9 | +0.006% | $154.3M | $569.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,133.5 | +0.032% | $278.8M | $944.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,139 | +0.038% | $214.0M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,125.3 | +0.022% | $139.1M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,156.3 | +0.058% | $30.0M | $205.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,199.2 | +0.109% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,111 | +0.005% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,116.3 | +0.011% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,151.1 | +0.052% | $217K | $749K | 40x | as long as short |
| Derive BTC-PERPshort | +0.0100% | 1h | 85,092 | −0.017% | $29.9M | $49.7M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 85,181.9 | +0.088% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,114 | +0.009% | $59.5M | $335.9M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,101.4 | −0.006% | $2.25B | $944.4M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,086.6 | −0.024% | $45.2M | $238.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,121.7 | +0.018% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0114% | 1h | 85,109.7 | +0.004% | $6.6M | $147.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,118.4 | +0.014% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0181% | 8h | 85,154 | +0.056% | $11.4M | $743.6M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0220% | 1h | 85,209.3 | +0.121% | $78K | $226K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,228.8 | +0.143% | $717K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,149.7 | +0.050% | $8.7M | $43.1M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Deribit BTC-PERPETUAL
Phemex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Bullet BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk 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
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC