Funding you earn now, next payment 06:00 UTC−0.0292%/8h= −31.9% APRpaid last 24h −0.028%
Price spread now: BloFin against RISEx−0.046%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Funding, last 4 days (all we have)−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.046%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.021% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.080% in total (about -8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 85,121.2 | 0.0257 | pay 0.0032% / 1h | 26m 49s | $8.7M | $43.1M | 25x |
| Short | BloFin BTC-USDT | 85,082 | −0.0035 | pay 0.0035% / 8h | 2h 26m | $418.8M | $678.3M | 150x |
RISEx BTC/USDC
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against RISEx. 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
- −$61.22
- Price spread: −0.046% → −0.025%
- −$2.12
- Slippage, 4 orders
- −$0.77
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$82.12
- Costs to cover
- 0.188%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 2 min ago; BloFin: live order book, 7 min ago.
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 RISEx live order book, 2 min ago | 0.01 bp | 3.1 bp −$3 | 3.1 bp −$31 | 10.6 bp −$1,058 | doesn't fit |
| Sell BloFin live order book, 7 min ago | 0.01 bp | 6.1 bp −$6 | 6.1 bp −$61 | 6.2 bp −$618 | 7.2 bp −$3,576 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,120.4 | −0.001% | $524K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,204 | +0.097% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,113 | −0.010% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,081.4 | −0.047% | $919.7M | $763.6M | 125x | as long as short |
| BloFin BTC-USDTshort | −0.0035% | 8h | 85,082 | −0.046% | $418.8M | $678.3M | 150x | |
| 01 Exchange BTCUSD | −0.0024% | 1h | 85,107.2 | −0.016% | $372K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0016% | 8h | 85,089 | −0.038% | $511.5M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,125.9 | +0.006% | $16.7M | $21.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,092.8 | −0.033% | $36.4M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | +0.122% | $338K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0030% | 1h | 85,102.6 | −0.022% | $24.7M | $222.5M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,099.5 | −0.025% | $186.7M | $954.5M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0065% | 1h | 85,121.6 | 0.000% | $869.9M | $1.61B | 50x | as long as short |
| BingX BTC-USDC | +0.0066% | 8h | 85,078.7 | −0.050% | — | $17.4M | — | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,079.2 | −0.049% | $2.4M | $6.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0080% | 8h | 85,088.6 | −0.038% | $147.9M | $504.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0084% | 8h | 85,088.9 | −0.038% | $2.94B | $5.16B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,100 | −0.025% | $5.06B | $5.72B | 500x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,099.9 | −0.025% | $9.40B | $24.81B | 150x | as long as short |
| Bullet BTC-USD | +0.0094% | 1h | 85,085.6 | −0.042% | $206K | $3.3M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,097.7 | −0.028% | $170.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,098.7 | −0.026% | $23.6M | $148.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,098 | −0.027% | $8.3M | $55.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,122.2 | +0.001% | $117.0M | $5.36B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,076 | −0.053% | $239K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,176.4 | +0.065% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,164 | +0.050% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,140 | +0.022% | $40.1M | $599.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,089.1 | −0.038% | $5.14B | $9.95B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,099.9 | −0.025% | $2.57B | $12.16B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,084 | −0.044% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,108.7 | −0.015% | $4.6M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,183.8 | +0.074% | $678.4M | $603.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,096.8 | −0.029% | $5.49B | $10.95B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,076.6 | −0.052% | $35.9M | $175.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,111.9 | −0.011% | $154.3M | $569.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,179.1 | +0.068% | $279.1M | $944.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,198.3 | +0.091% | $214.1M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,192 | +0.083% | $139.3M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,151 | +0.035% | $30.0M | $205.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,175.3 | +0.064% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,088 | −0.039% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,086.8 | −0.040% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,122.6 | +0.002% | $227K | $760K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,062.9 | −0.068% | $29.9M | $49.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,066.5 | −0.064% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,088 | −0.039% | $59.5M | $336.0M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,079.4 | −0.049% | $2.25B | $944.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,070.7 | −0.059% | $45.4M | $238.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,102.1 | −0.022% | — | $106.7M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0115% | 1h | 85,082.8 | −0.045% | $6.6M | $147.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,092.2 | −0.034% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0181% | 8h | 85,130 | +0.010% | $11.3M | $743.5M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0221% | 1h | 85,192.7 | +0.084% | $78K | $226K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,152.7 | +0.037% | $716K | $8.0M | 30x | as long as short |
| RISEx BTC/USDClong | +0.0257% | 1h | 85,121.2 | long leg | $8.7M | $43.1M | 25x |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
BingX BTC-USDC
Aevo BTC-PERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Bullet BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
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
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P