Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.008%
Price spread now: HTX against Orderly+0.019%7-day average −0.014% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.019%, 7d avg −0.014%
=The price spread pays, funding is against you. HTX is 0.033% dearer against Orderly than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.014%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BTC_USDC | 85,658.6 | 0.0100 | pay 0.0100% / 8h | 5h 28m | $2.3M | $8.8M | 100x |
| Short | HTX BTC-USDT | 85,675 | 0.0074 | get 0.0074% / 8h | 5h 28m | $2.27B | $935.3M | 200x |
Orderly PERP_BTC_USDC
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$5.45
- Price spread: +0.019% → −0.014%
- $3.31
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$20.15
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; HTX: live order book, 1 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 HTX live order book, 1 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 7.0 bp −$698 | 10.0 bp −$4,984 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0627% | 1h | 85,694.9 | +0.042% | $196K | $722K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,791 | +0.155% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,690 | +0.037% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,676 | +0.020% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,703.2 | +0.052% | $416.3M | $665.3M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,690.7 | +0.037% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,680.7 | +0.026% | $36.6M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0009% | 8h | 85,655.6 | −0.004% | $917.6M | $753.9M | 125x | as long as short |
| Nado BTC-PERP | +0.0009% | 1h | 85,665.5 | +0.008% | $22.6M | $220.9M | 50x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,664.7 | +0.007% | $516.2M | $1.11B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0054% | 8h | 85,657 | −0.002% | — | $1.53B | — | as long as short |
| Bitget BTCUSDT | +0.0069% | 8h | 85,656.9 | −0.002% | $2.95B | $5.03B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0069% | 1h | 85,660.4 | +0.002% | $6.7M | $146.5M | 40x | as long as short |
| HTX BTC-USDTshort | +0.0074% | 8h | 85,675 | +0.019% | $2.27B | $935.3M | 200x | |
| Deribit BTC-PERPETUAL | +0.0077% | 1h | 85,698.9 | +0.047% | $892.2M | $1.53B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | −0.094% | $340K | $26.9M | 52x | as long as short |
| Phemex BTCUSDT | +0.0079% | 8h | 85,661.3 | +0.003% | $148.1M | $479.7M | 150x | as long as short |
| SunX BTC-USDT | +0.0085% | 8h | 85,659.9 | +0.002% | $2.9M | $6.1M | 100x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,665.4 | +0.008% | $9.35B | $23.94B | 150x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,658.9 | 0.000% | $5.05B | $5.63B | 500x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,649.4 | −0.011% | $2.5M | $1.7M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,665.7 | +0.008% | $169.9M | $992.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,673.8 | +0.018% | $23.9M | $148.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,669 | +0.012% | $8.4M | $52.0M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,714.9 | +0.066% | $3.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,649 | −0.011% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,737 | +0.092% | $3.74B | $5.00B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,716.2 | +0.067% | $40.2M | $574.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,679.4 | +0.024% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,663 | +0.005% | $2.57B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,709 | +0.059% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,649.4 | −0.011% | $7.1M | $97.2M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,671.8 | +0.015% | $5.55B | $10.53B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,647.3 | −0.013% | $35.1M | $172.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,767.3 | +0.127% | $156.3M | $548.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,658.9 | 0.000% | $279.6M | $930.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,774.1 | +0.135% | $215.4M | $166.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,800 | +0.165% | $140.4M | $316.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,761 | +0.120% | $30.3M | $210.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,733.5 | +0.087% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,665 | +0.007% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,675.8 | +0.020% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDClong | +0.0100% | 8h | 85,658.6 | long leg | $2.3M | $8.8M | 100x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,657.4 | −0.001% | $30.0M | $50.9M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,657 | −0.002% | $60.0M | $336.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,614.4 | −0.052% | $621.3M | $398.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,636.8 | −0.025% | $44.1M | $227.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,703.7 | +0.053% | — | $106.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,703.2 | +0.052% | $130.4M | $5.11B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,700.3 | +0.049% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,686.1 | +0.032% | $188.9M | $952.4M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0195% | 1h | 85,700.6 | +0.049% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0179% | 1h | 85,679.7 | +0.025% | $13.6M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,771.9 | +0.132% | $702K | $7.8M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,705 | +0.054% | $10.4M | $758.1M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,703 | +0.052% | $516K | $19.3M | 6.7x | as long as short |
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Phemex BTCUSDT
SunX BTC-USDT
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
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
Derive BTC-PERP
SoDEX BTC-USD
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
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC