Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against Orderly+0.006%7-day average 0.000% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.006%, 7d avg 0.000%
=The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BTC_USDC | 85,464.6 | 0.0100 | pay 0.0100% / 8h | 5h 57m | $2.4M | $8.9M | 100x |
| Short | Binance BTCUSDT | 85,469.5 | 0.0085 | get 0.0085% / 8h | 5h 57m | $9.32B | $23.90B | 150x |
Orderly PERP_BTC_USDC
Binance BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. 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
- −$3.15
- Price spread: +0.006% → 0.000%
- $0.62
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.53
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 2 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.0 bp −$501 | 5.9 bp −$2,961 |
Orderly: 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 | +0.039% | $2.1M | $10.1M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,608 | +0.168% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,462.3 | −0.003% | $363K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,531.5 | +0.078% | $16.7M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,488.5 | +0.028% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,461.6 | −0.004% | $515.2M | $1.12B | 200x | as long as short |
| Nado BTC-PERP | +0.0019% | 1h | 85,477.1 | +0.015% | $22.5M | $224.4M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0021% | 8h | 85,455.3 | −0.011% | $900.6M | $747.9M | 125x | as long as short |
| SoDEX BTC-USD | +0.0046% | 1h | 85,539 | +0.087% | $59.9M | $336.4M | 40x | as long as short |
| BingX BTC-USDT | +0.0054% | 8h | 85,471.9 | +0.009% | — | $1.54B | — | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Nado BTC-PERP
KuCoin XBTUSDTM
SoDEX BTC-USD
BingX BTC-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTC-USDT | +0.0056% | 8h | 85,525.1 | +0.071% | $2.27B | $932.8M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0063% | 1h | 85,457.5 | −0.008% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0068% | 8h | 85,461.1 | −0.004% | $2.94B | $5.01B | 150x | as long as short |
| Popdex BTCUSDT | +0.0072% | 1h | 85,463 | −0.002% | $8.3M | $51.5M | 100x | as long as short |
| SunX BTC-USDT | +0.0073% | 8h | 85,453.9 | −0.013% | $2.9M | $6.4M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,617 | +0.178% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,469 | +0.005% | $2.4M | $1.7M | 20x | as long as short |
| Binance BTCUSDTshort | +0.0085% | 8h | 85,469.5 | +0.006% | $9.32B | $23.90B | 150x | |
| MEXC BTC_USDT | +0.0085% | 8h | 85,465.6 | +0.001% | $5.07B | $5.57B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,481.2 | +0.019% | $169.4M | $981.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,486.8 | +0.026% | $23.9M | $146.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,513.3 | +0.057% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,440 | −0.029% | $204K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,530 | +0.077% | $3.76B | $4.92B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,512 | +0.055% | $40.1M | $571.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,474.5 | +0.012% | $5.32B | $9.58B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,472 | +0.009% | $2.55B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,473 | +0.010% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,446 | −0.022% | $7.1M | $96.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,475.9 | +0.013% | $5.57B | $10.37B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,509.1 | +0.052% | $34.9M | $168.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,545 | +0.094% | $154.0M | $554.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,553.1 | +0.104% | $278.3M | $939.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,581.5 | +0.137% | $214.8M | $161.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,594.5 | +0.152% | $139.9M | $316.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,539.1 | +0.087% | $30.2M | $211.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,538.5 | +0.087% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,464 | −0.001% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,474.3 | +0.011% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDClong | +0.0100% | 8h | 85,464.6 | long leg | $2.4M | $8.9M | 100x | |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,506.1 | +0.049% | $196K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,469.3 | +0.005% | $30.0M | $52.7M | 15x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,532.2 | +0.079% | $149.7M | $478.8M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,593.2 | +0.150% | $605.0M | $283.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,442.6 | −0.026% | $44.2M | $227.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,556.3 | +0.107% | — | $101.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,582 | +0.137% | $130.4M | $5.07B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,498 | +0.039% | $8.4M | $42.1M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,565.4 | +0.118% | $187.0M | $951.6M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0166% | 1h | 85,517.1 | +0.061% | $894.8M | $1.52B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0188% | 1h | 85,583.9 | +0.140% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,577.9 | +0.133% | $682K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0184% | 1h | 85,485.2 | +0.024% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 85,595 | +0.153% | $10.3M | $765.1M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,512.5 | +0.056% | $509K | $19.7M | 6.7x | as long as short |
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
Popdex BTCUSDT
SunX BTC-USDT
Injective BTC/USDC PERP
Aevo BTC-PERP
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
Ondo Perps BTC-USD.P
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
Bluefin BTC-PERP
Derive 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
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC