Funding you earn now, next payment 01:38 UTC−0.0416%/8h= −45.5% APRpaid last 24h +0.034%
Price spread now: KuCoin against Perpl−0.021%7-day average −0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.367%−$37 on $10k
+Price spread, last 7 days−0.105%−$10 · spread now −0.021%, 7d avg −0.017%
=Together, before fees−0.471%+ Points / potential airdropPerpl: Active · farm board−$47 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl BTC | 85,695.5 | 0.0447 | pay 0.0040% / 43m | 22m 56s | $514K | $20.5M | 6.7x |
| Short | KuCoin XBTUSDTM | 85,677.6 | 0.0031 | get 0.0031% / 8h | 6h 17m | $901.7M | $753.7M | 125x |
Perpl BTC
KuCoin XBTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$87.26
- Price spread: −0.021% → −0.017%
- −$0.37
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$113.43
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; KuCoin: 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 KuCoin live order book, 6 min ago | 0.01 bp | 6.0 bp −$6 | 6.7 bp −$67 | 8.8 bp −$884 | doesn't fit |
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 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 | 85,785 | +0.104% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,666 | −0.034% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0072% | 1h | 85,659.3 | −0.042% | $362K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,692.4 | −0.004% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,700.7 | +0.006% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,691 | −0.005% | $340K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTMshort | +0.0031% | 8h | 85,677.6 | −0.021% | $901.7M | $753.7M | 125x | |
| Aster BTCUSDT | +0.0034% | 8h | 85,670.7 | −0.029% | $516.1M | $1.14B | 200x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,673.8 | −0.025% | $8.2M | $42.1M | 25x | as long as short |
| Nado BTC-PERP | +0.0046% | 1h | 85,697.9 | +0.003% | $22.6M | $227.4M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDT
RISEx BTC/USDC
Nado BTC-PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0056% | 8h | 85,659 | −0.043% | — | $1.56B | — | as long as short |
| Reya BTCRUSDPERP | +0.0059% | 1h | 85,671.4 | −0.028% | $6.7M | $146.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0066% | 8h | 85,679.1 | −0.019% | $2.27B | $947.5M | 200x | as long as short |
| Bitget BTCUSDT | +0.0070% | 8h | 85,643.3 | −0.061% | $2.95B | $5.08B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0086% | 1h | 85,712.3 | +0.020% | $140.1M | $318.2M | 100x | as long as short |
| MEXC BTC_USDT | +0.0092% | 8h | 85,659.7 | −0.042% | $5.08B | $5.74B | 500x | as long as short |
| Binance BTCUSDT | +0.0092% | 8h | 85,647.2 | −0.056% | $9.33B | $24.29B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,698.4 | +0.003% | $170.5M | $992.5M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,704.5 | +0.011% | $23.5M | $147.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,662 | −0.039% | $8.4M | $51.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,681.7 | −0.016% | $2.5M | $1.8M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,637 | −0.068% | $203K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,678.6 | −0.020% | $3.8M | $8.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,724 | +0.033% | $3.76B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,731 | +0.041% | $40.8M | $571.9M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,654.4 | −0.048% | $5.30B | $9.74B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,651.7 | −0.051% | $2.54B | $12.34B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,687 | −0.010% | $3.9M | $18.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,630.8 | −0.075% | $7.2M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,744.8 | +0.057% | $590.5M | $195.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,659.9 | −0.042% | $5.59B | $10.57B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,649.4 | −0.054% | $35.2M | $165.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,688 | −0.009% | $156.6M | $555.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,709.8 | +0.017% | $278.8M | $940.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,761.2 | +0.077% | $215.2M | $166.3M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,624.3 | −0.083% | $30.3M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,728.5 | +0.039% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,669 | −0.031% | $11.0M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,693 | −0.003% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,681.5 | −0.016% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,728.8 | +0.039% | $186K | $708K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,688.5 | −0.008% | $30.0M | $56.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,665.8 | −0.035% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,692 | −0.004% | $60.0M | $337.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,691.6 | −0.005% | $153.6M | $480.5M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,620.4 | −0.088% | $44.1M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,668.5 | −0.032% | — | $101.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,726.1 | +0.036% | $131.3M | $5.15B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0144% | 1h | 85,671.4 | −0.028% | $694K | $7.8M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,716 | +0.024% | $187.9M | $963.6M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0171% | 1h | 85,716.7 | +0.025% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0189% | 1h | 85,696.1 | +0.001% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,702 | +0.008% | $10.2M | $770.2M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0248% | 1h | 85,742.2 | +0.054% | $894.6M | $1.54B | 50x | as long as short |
| Perpl BTClong | +0.0447% | 43m | 85,695.5 | long leg | $514K | $20.5M | 6.7x |
BingX BTC-USDT
Reya BTCRUSDPERP
HTX BTC-USDT
Bitget BTCUSDT
ApeX Omni BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL