Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Derive against Ondo Perps−0.008%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−0.090%−$9 on $10k
+Price spread, last 3 days (all we have)−0.032%−$3 · spread now −0.008%, 7d avg −0.004%
=Together, before fees−0.122%+ Points / potential airdropOndo Perps: Active · farm board−$12 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BTC-USD.P | 85,579 | 0.0100 | pay 0.0013% / 1h | 56m 08s | $3.9M | $17.8M | 25x |
| Short | Derive BTC-PERP | 85,572.2 | 0.0100 | get 0.0013% / 1h | 56m 08s | $30.0M | $52.7M | 15x |
Ondo Perps BTC-USD.P
Derive BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Ondo Perps. 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: −0.008% → −0.004%
- −$0.42
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$11.42
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Ondo Perps and 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 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0144% | 1h | 85,498 | −0.095% | $2.1M | $10.1M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,608 | +0.034% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,598 | +0.022% | $365K | $2.3M | 50x | as long as short |
| Nado BTC-PERP | −0.0036% | 1h | 85,549.9 | −0.034% | $22.5M | $223.9M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,579.5 | +0.001% | $16.7M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,585.9 | +0.008% | $36.7M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,553.4 | −0.030% | $515.7M | $1.11B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0021% | 8h | 85,534.1 | −0.052% | $898.9M | $748.5M | 125x | as long as short |
| BingX BTC-USDT | +0.0054% | 8h | 85,536.6 | −0.050% | — | $1.54B | — | as long as short |
| HTX BTC-USDT | +0.0058% | 8h | 85,554.1 | −0.029% | $2.27B | $930.3M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Nado BTC-PERP
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
BingX BTC-USDT
HTX BTC-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0063% | 1h | 85,568.1 | −0.013% | $6.7M | $146.4M | 40x | as long as short |
| SoDEX BTC-USD | +0.0065% | 1h | 85,566 | −0.015% | $59.9M | $336.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0068% | 8h | 85,530 | −0.057% | $2.94B | $5.01B | 150x | as long as short |
| Popdex BTCUSDT | +0.0072% | 1h | 85,598 | +0.022% | $8.4M | $51.5M | 100x | as long as short |
| SunX BTC-USDT | +0.0076% | 8h | 85,581.4 | +0.003% | $2.9M | $6.3M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,617 | +0.044% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,570.8 | −0.010% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0084% | 8h | 85,550.4 | −0.033% | $9.33B | $23.85B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,541.7 | −0.044% | $5.08B | $5.57B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,558.5 | −0.024% | $169.5M | $982.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,567.7 | −0.013% | $23.9M | $146.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,641.4 | +0.073% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,572 | −0.008% | $203K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,599 | +0.023% | $3.76B | $4.92B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,603.4 | +0.029% | $40.1M | $571.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,538.3 | −0.048% | $5.32B | $9.58B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,533 | −0.054% | $2.56B | $12.10B | 100x | as long as short |
| Ondo Perps BTC-USD.Plong | +0.0100% | 1h | 85,579 | long leg | $3.9M | $17.8M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 85,561.5 | −0.020% | $7.1M | $96.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,546.3 | −0.038% | $5.57B | $10.38B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,533.7 | −0.053% | $34.8M | $168.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,577.1 | −0.002% | $153.7M | $552.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,553.1 | −0.030% | $278.3M | $939.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,581.5 | +0.003% | $214.8M | $161.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,594.5 | +0.018% | $139.9M | $316.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,539.1 | −0.047% | $30.2M | $211.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,617 | +0.044% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,585 | +0.007% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,581 | +0.002% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,572.4 | −0.008% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,617.7 | +0.045% | $197K | $722K | 40x | as long as short |
| Derive BTC-PERPshort | +0.0100% | 1h | 85,572.2 | −0.008% | $30.0M | $52.7M | 15x | |
| Phemex BTCUSDT | +0.0100% | 8h | 85,553.3 | −0.030% | $149.5M | $478.9M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,593.2 | +0.017% | $605.0M | $283.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,550.6 | −0.033% | $44.2M | $226.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,483.1 | −0.112% | — | $103.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,599.5 | +0.024% | $130.6M | $5.06B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,630.2 | +0.060% | $8.4M | $42.1M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,592.4 | +0.016% | $187.1M | $949.8M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0191% | 1h | 85,598.7 | +0.023% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,577.9 | −0.001% | $682K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0184% | 1h | 85,596.1 | +0.020% | $13.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0209% | 1h | 85,619.4 | +0.047% | $894.8M | $1.52B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,563 | −0.019% | $10.2M | $761.4M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,592.8 | +0.016% | $510K | $19.7M | 6.7x | as long as short |
Reya BTCRUSDPERP
SoDEX BTC-USD
Bitget BTCUSDT
Popdex BTCUSDT
SunX BTC-USDT
Injective BTC/USDC PERP
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Arcus 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
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
Perpl BTC