Funding you earn now, next payment 06:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.023%
Price spread now: dYdX against OKX−0.046%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Funding, last 7 days−0.127%−$13 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now −0.046%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.040% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BTC-USDT-SWAP | 85,577.4 | 0.0100 | pay 0.0100% / 8h | 2h 05m | $2.59B | $12.27B | 100x |
| Short | dYdX BTC-USD | 85,538.3 | 0.0002 | get 0.0000% / 1h | 5m 55s | $16.8M | $21.4M | 50x |
OKX BTC-USDT-SWAP
dYdX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$20.54
- Price spread: −0.046% → −0.006%
- −$3.99
- Slippage, 4 orders
- −$4.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$48.64
- Costs to cover
- 0.241%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; dYdX: live order book, 3 min ago.
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, 3 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.2 bp −$616 | 7.4 bp −$3,699 |
| Sell dYdX live order book, 3 min ago | 0.64 bp | 7.0 bp −$7 | 13.7 bp −$137 | 21.6 bp −$2,164 | 23.4 bp −$11.7K |
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 | 85,541.4 | −0.042% | $524K | $18.3M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,557 | −0.024% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,520 | −0.067% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0051% | 8h | 85,550.7 | −0.031% | $929.9M | $772.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0024% | 8h | 85,524.7 | −0.062% | $417.9M | $683.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0008% | 8h | 85,562.7 | −0.017% | $514.6M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,569.3 | −0.009% | $355K | $2.4M | 50x | as long as short |
| dYdX BTC-USDshort | +0.0002% | 1h | 85,538.3 | −0.046% | $16.8M | $21.4M | 50x | |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,569.9 | −0.009% | $36.6M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,349 | −0.267% | $339K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
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 | +0.0043% | 1h | 85,537.4 | −0.047% | $24.7M | $222.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0052% | 1h | 85,595.2 | +0.021% | $867.8M | $1.62B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,576.1 | −0.002% | $188.6M | $953.9M | 100x | as long as short |
| BingX BTC-USDT | +0.0069% | 8h | 85,568 | −0.011% | — | $1.56B | — | as long as short |
| Phemex BTCUSDT | +0.0078% | 8h | 85,560.4 | −0.020% | $149.0M | $506.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0087% | 8h | 85,571.1 | −0.007% | $2.96B | $5.18B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,572.5 | −0.006% | $171.5M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,575.7 | −0.002% | $23.7M | $149.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,563 | −0.017% | $8.4M | $55.9M | 100x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,569 | −0.010% | $5.02B | $5.76B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,554.9 | −0.026% | $2.4M | $6.7M | 20x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,601.5 | +0.028% | $117.2M | $5.45B | 50x | as long as short |
| Binance BTCUSDT | +0.0096% | 8h | 85,571 | −0.007% | $9.46B | $24.91B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,533 | −0.052% | $236K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,609.6 | +0.038% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,647 | +0.081% | $3.76B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,583.5 | +0.007% | $40.1M | $598.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,570.6 | −0.008% | $5.16B | $9.98B | 150x | as long as short |
| OKX BTC-USDT-SWAPlong | +0.0100% | 8h | 85,577.4 | long leg | $2.59B | $12.27B | 100x | |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,536 | −0.048% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,557.2 | −0.024% | $4.6M | $98.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,501.7 | −0.088% | $682.6M | $531.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,571.8 | −0.007% | $5.52B | $11.09B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,558.4 | −0.022% | $36.5M | $178.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,517.5 | −0.070% | $155.0M | $560.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,513.1 | −0.075% | $280.1M | $951.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,550.7 | −0.031% | $214.8M | $167.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,544.6 | −0.038% | $139.8M | $314.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,514.8 | −0.073% | $30.2M | $207.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,616.2 | +0.045% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,555 | −0.026% | $11.0M | $14.5M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,561.1 | −0.019% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,571.9 | −0.006% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,605.9 | +0.033% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,546.9 | −0.036% | $30.0M | $48.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,505.8 | −0.084% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,561 | −0.019% | $59.9M | $336.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,549.9 | −0.032% | $2.26B | $942.4M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,547 | −0.036% | $44.5M | $240.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,549.5 | −0.033% | — | $106.9M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0120% | 1h | 85,550.4 | −0.032% | $6.6M | $147.5M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,566.5 | −0.013% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 85,572 | −0.006% | $11.6M | $743.1M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0227% | 1h | 85,508.4 | −0.081% | $79K | $228K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,559.3 | −0.021% | $694K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,584.2 | +0.008% | $8.7M | $43.2M | 25x | as long as short |
Nado BTC-PERP
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Coinbase International BTC-PERP-INTX
Binance BTCUSDT
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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive 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