Funding you earn now, next payment 08:00 UTC+0.0103%/8h= +11.3% APRnext payment +$1.03 per $10,000 · paid last 24h −0.033%
Price spread now: BloFin against Orderly0.000%52s7-day average −0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now 0.000%, 7d avg −0.001%
=The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BTC_USDC | 86,080.1 | 0.0100 | pay 0.0100% / 8h | 7h 04m | $2.4M | $9.1M | 100x |
| Short | BloFin BTC-USDT | 86,079.9 | 0.0203 | get 0.0203% / 8h | 7h 04m | $415.6M | $640.3M | 150x |
Orderly PERP_BTC_USDC
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $21.66
- Price spread: 0.000% → −0.001%
- $0.11
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $3.77
- Costs to cover
- 0.180%
- Break-even
- 5.8 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago | 0.35 bp | 7.0 bp −$7 | 7.0 bp −$70 | 7.0 bp −$700 | 7.4 bp −$3,706 |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0129% | 1h | 86,215 | +0.157% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,129 | +0.057% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 86,111.1 | +0.036% | $363K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,144.7 | +0.075% | $518K | $21.2M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,126.9 | +0.054% | $36.8M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,365 | +0.331% | $343K | $26.9M | 52x | as long as short |
| dYdX BTC-USD | +0.0023% | 1h | 86,108.9 | +0.034% | $16.9M | $20.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0031% | 8h | 86,080.7 | +0.001% | $499.1M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0044% | 8h | 86,012.3 | −0.079% | $826.7M | $715.8M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0050% | 1h | 86,101.2 | +0.024% | $6.7M | $145.8M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
dYdX BTC-USD
Aster BTCUSDT
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0052% | 1h | 86,122.8 | +0.050% | $8.2M | $42.4M | 25x | as long as short |
| BingX BTC-USDT | +0.0053% | 8h | 86,021.7 | −0.068% | — | $1.57B | — | as long as short |
| HTX BTC-USDT | +0.0056% | 8h | 86,045.8 | −0.040% | $2.28B | $959.1M | 200x | as long as short |
| Bitget BTCUSDT | +0.0066% | 8h | 86,013.1 | −0.078% | $2.96B | $5.06B | 150x | as long as short |
| Phemex BTCUSDT | +0.0066% | 8h | 86,057.3 | −0.026% | $155.2M | $473.2M | 150x | as long as short |
| SoDEX BTC-USD | +0.0069% | 1h | 86,066 | −0.016% | $60.3M | $338.3M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,069.6 | −0.012% | $2.5M | $1.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0083% | 8h | 86,021.3 | −0.068% | $9.36B | $24.29B | 150x | as long as short |
| MEXC BTC_USDT | +0.0083% | 8h | 86,008.5 | −0.083% | $5.10B | $5.77B | 500x | as long as short |
| Bluefin BTC-PERP | +0.0087% | 1h | 86,118 | +0.044% | $144K | $666K | 40x | as long as short |
| Gate BTC_USDT | +0.0095% | 8h | 86,022.3 | −0.067% | $5.76B | $10.68B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,076.1 | −0.005% | $170.0M | $997.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,057.6 | −0.026% | $23.5M | $152.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,113 | +0.038% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,091 | +0.013% | $201K | $7.3M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,165 | +0.099% | $4.2M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,113.4 | +0.039% | $21.8M | $225.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,078 | −0.002% | $3.77B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,156.6 | +0.089% | $40.8M | $560.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,027.6 | −0.061% | $5.24B | $9.66B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,956.5 | −0.144% | $2.55B | $12.39B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,120 | +0.046% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,134.1 | +0.063% | $7.3M | $95.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,014 | −0.077% | $35.4M | $161.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,079.3 | −0.001% | $156.4M | $555.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,114.1 | +0.040% | $278.1M | $940.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,175.4 | +0.111% | $216.3M | $165.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,194.2 | +0.133% | $141.1M | $320.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,069.2 | −0.013% | $30.5M | $206.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,148.9 | +0.080% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,112 | +0.037% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,116.5 | +0.042% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDClong | +0.0100% | 8h | 86,080.1 | long leg | $2.4M | $9.1M | 100x | |
| Derive BTC-PERP | +0.0100% | 1h | 86,088.5 | +0.010% | $30.2M | $57.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,047.1 | −0.038% | $3.3M | $5.4M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,141.5 | +0.071% | $581.0M | $76.4M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,046 | −0.040% | $46.0M | $222.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,080.4 | 0.000% | — | $99.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,084.4 | +0.005% | $132.2M | $5.27B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0122% | 1h | 86,090 | +0.012% | $190.1M | $954.0M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0128% | 1h | 86,108.8 | +0.033% | $724K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0169% | 1h | 86,174.5 | +0.110% | $77K | $217K | 20x | as long as short |
| Deribit BTC-PERPETUAL | +0.0182% | 1h | 86,111.8 | +0.037% | $902.8M | $1.51B | 50x | as long as short |
| BloFin BTC-USDTshort | +0.0203% | 8h | 86,079.9 | 0.000% | $415.6M | $640.3M | 150x | |
| Kalshi KXBTCPERP | +0.0205% | 8h | 86,114 | +0.039% | $10.2M | $766.1M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0222% | 1h | 86,121.5 | +0.048% | $14.5M | — | 200x | as long as short |
RISEx BTC/USDC
BingX BTC-USDT
HTX BTC-USDT
Bitget BTCUSDT
Phemex BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Bluefin BTC-PERP
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
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
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]