Funding you earn now, next payment 22:46 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.007%
Price spread now: BloFin against Perpl−0.016%48s7-day average −0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.337%−$34 on $10k
+Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.016%, 7d avg −0.014%
=Together, before fees−0.384%+ Points / potential airdropPerpl: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.337%, so the current rate has only just turned in your favour. The two prices were read 48 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 | Perpl BTC | 86,353.8 | 0.0112 | pay 0.0010% / 43m | 20m 48s | $421K | $23.5M | 6.7x |
| Short | BloFin BTC-USDT | 86,339.6 | 0.0184 | get 0.0184% / 8h | 1h 07m | $414.4M | $653.6M | 150x |
Perpl BTC
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Perpl. 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
- $15.13
- Price spread: −0.016% → −0.014%
- −$0.2
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$10.87
- Costs to cover
- 0.258%
- Break-even
- 12.0 days
Slippage unknown: Perpl: no order-book sample; BloFin: live order book, 6 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 Perpl no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 6 min ago | 0.37 bp | 6.4 bp −$6 | 6.4 bp −$64 | 6.4 bp −$642 | 7.1 bp −$3,559 |
Perpl: 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 | −0.0564% | 1h | 86,298 | −0.065% | $140K | $620K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,356 | +0.003% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,338 | −0.018% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,325 | −0.033% | $358K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0011% | 8h | 86,283.9 | −0.081% | $502.6M | $1.15B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 86,287.8 | −0.076% | $850.8M | $712.7M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,297.5 | −0.065% | $36.7M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0006% | 1h | 86,296.7 | −0.066% | $16.9M | $21.1M | 50x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,312.4 | −0.048% | $8.4M | $42.8M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0023% | 1h | 86,262.2 | −0.106% | $6.7M | $145.0M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Aster BTCUSDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
RISEx BTC/USDC
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,360 | +0.007% | $332K | $26.8M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0033% | 1h | 86,312.1 | −0.048% | $917.5M | $1.49B | 50x | as long as short |
| BingX BTC-USDT | +0.0037% | 8h | 86,297.4 | −0.065% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0042% | 8h | 86,280.4 | −0.085% | $150.0M | $476.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0047% | 8h | 86,274.8 | −0.091% | $2.95B | $5.11B | 150x | as long as short |
| Aftermath Perps BTCUSD | +0.0056% | 1h | 86,377.2 | +0.027% | $80K | $219K | 20x | as long as short |
| MEXC BTC_USDT | +0.0063% | 8h | 86,292 | −0.072% | $5.11B | $5.72B | 500x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,272.7 | −0.094% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0064% | 8h | 86,276.1 | −0.090% | $9.41B | $24.49B | 150x | as long as short |
| Gate BTC_USDT | +0.0080% | 8h | 86,293.1 | −0.070% | $5.84B | $10.77B | 200x | as long as short |
| Bybit BTCUSDT | +0.0095% | 8h | 86,280.2 | −0.085% | $5.25B | $9.80B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,278.4 | −0.087% | $170.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,295.5 | −0.068% | $24.0M | $152.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,309 | −0.052% | $8.4M | $52.4M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,288 | −0.076% | $202K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,389.7 | +0.042% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,348.4 | −0.006% | $21.7M | $234.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,345 | −0.010% | $3.79B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,377.1 | +0.027% | $40.7M | $517.9M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,299.6 | −0.063% | $2.54B | $12.72B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,347 | −0.008% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,366.5 | +0.015% | $7.8M | $94.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,320.9 | −0.038% | $570.7M | $18.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,278.1 | −0.088% | $37.8M | $154.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,316.3 | −0.043% | $155.5M | $568.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,321.8 | −0.037% | $279.0M | $944.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,358.3 | +0.005% | $217.0M | $174.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,353.6 | 0.000% | $141.2M | $323.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,332.2 | −0.025% | $30.6M | $204.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,345.7 | −0.009% | — | $11.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,285 | −0.080% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,286.1 | −0.078% | $190K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,288.3 | −0.076% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,302.4 | −0.060% | $30.6M | $62.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,334.8 | −0.022% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,277 | −0.089% | $60.3M | $337.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,268.1 | −0.099% | $2.29B | $969.4M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,276.1 | −0.090% | $45.6M | $226.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,323.8 | −0.035% | — | $98.9M | 500x | as long as short |
| Perpl BTClong | +0.0112% | 43m | 86,353.8 | long leg | $421K | $23.5M | 6.7x | |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,314.7 | −0.045% | $131.2M | $5.68B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,297.2 | −0.066% | $191.4M | $946.3M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0128% | 1h | 86,374.7 | +0.024% | $719K | $8.1M | 30x | as long as short |
| BloFin BTC-USDTshort | +0.0184% | 8h | 86,339.6 | −0.016% | $414.4M | $653.6M | 150x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0187% / S −0.0210% | 1h | 86,295.7 | −0.067% | $15.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0198% | 8h | 86,347 | −0.008% | $9.5M | $736.4M | 6.4x | as long as short |
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Aftermath Perps BTCUSD
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk 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
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP