Funding you earn now, next payment 02:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.018%
Price spread now: Coinbase International against RISEx+0.022%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$170.168% of the position
Funding, last 4 days (all we have)+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.022%, 7d avg +0.025%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 85,683.3 | 0.0120 | pay 0.0015% / 1h | 4m 01s | $8.4M | $42.3M | 25x |
| Short | Coinbase International BTC-PERP-INTX | 85,702.3 | 0.0112 | get 0.0014% / 1h | 4m 01s | $122.8M | $5.11B | 50x |
RISEx BTC/USDC
Coinbase International BTC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$1.7
- Price spread: +0.022% → +0.025%
- −$0.25
- Slippage, 4 orders
- −$0.75
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$18.7
- Costs to cover
- 0.168%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago | 0.01 bp | 3.1 bp −$3 | 3.1 bp −$31 | 11.7 bp −$1,166 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.5 bp −$554 | 12.4 bp −$6,197 |
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 | −0.0438% | 1h | 85,697.9 | +0.017% | $194K | $725K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,635 | −0.056% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,667 | −0.019% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,645.2 | −0.044% | $368K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0033% | 8h | 85,644.4 | −0.045% | $417.0M | $665.3M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,668.5 | −0.017% | $16.7M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 85,671.3 | −0.014% | $920.0M | $751.5M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,669.6 | −0.016% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0016% | 8h | 85,675.6 | −0.009% | $516.2M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0017% | 1h | 85,650.4 | −0.038% | $22.6M | $219.5M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0058% | 8h | 85,667.2 | −0.019% | — | $1.53B | — | as long as short |
| Bitget BTCUSDT | +0.0072% | 8h | 85,688.9 | +0.007% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0074% | 1h | 85,644.6 | −0.045% | $6.7M | $146.5M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,807 | +0.144% | $341K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,650.2 | −0.039% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,675.8 | −0.009% | $5.06B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,679.9 | −0.004% | $9.34B | $23.94B | 150x | as long as short |
| SoDEX BTC-USD | +0.0089% | 1h | 85,663 | −0.024% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0090% | 8h | 85,656.8 | −0.031% | $2.27B | $937.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0096% | 8h | 85,681.3 | −0.002% | $149.5M | $481.0M | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,690.8 | +0.009% | $174.2M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,686.8 | +0.004% | $23.9M | $149.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,649 | −0.040% | $8.4M | $52.4M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,691.1 | +0.009% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,629 | −0.063% | $198K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,756.2 | +0.085% | $3.75B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,697 | +0.016% | $40.1M | $576.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,697.1 | +0.016% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,700 | +0.020% | $2.57B | $12.10B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,655 | −0.033% | $4.0M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,638.6 | −0.052% | $6.8M | $97.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,686.3 | +0.004% | $5.54B | $10.59B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,668.5 | −0.017% | $35.9M | $174.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,642.7 | −0.047% | $156.8M | $560.7M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,676.9 | −0.007% | $279.7M | $918.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,772.7 | +0.104% | $215.4M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,779.4 | +0.112% | $140.2M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,646 | −0.044% | $30.3M | $208.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,698.4 | +0.018% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,652 | −0.037% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,658.3 | −0.029% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,659 | −0.028% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,652.7 | −0.036% | $30.0M | $51.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,633.1 | −0.059% | $2.9M | $6.1M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,642.1 | −0.048% | $641.7M | $524.8M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,660.3 | −0.027% | $44.3M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,653.8 | −0.034% | — | $106.1M | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0109% | 1h | 85,709.3 | +0.030% | $891.6M | $1.53B | 50x | as long as short |
| Coinbase International BTC-PERP-INTXshort | +0.0112% | 1h | 85,702.3 | +0.022% | $122.8M | $5.11B | 50x | |
| RISEx BTC/USDClong | +0.0120% | 1h | 85,683.3 | long leg | $8.4M | $42.3M | 25x | |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,708.7 | +0.030% | $189.2M | $953.2M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,675.6 | −0.009% | $702K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0177% | 1h | 85,667.8 | −0.018% | $13.5M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0207% | 1h | 85,724.2 | +0.048% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0219% | 8h | 85,688 | +0.006% | $10.7M | $759.3M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,685.9 | +0.003% | $500K | $19.0M | 6.7x | as long as short |
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
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
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC