BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.06 per $10,000 · paid last 24h −0.022%

Price spread now: gTrade (Gains Network) against RISEx+0.022%7-day average −0.006% · 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−$13as in the Price arb table

costs, in and out, $10k−$160.158% of the position

Long on RISEx Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.092%−$9 on $10k

Price spread, last 3 days (all we have)−0.004%$0 · spread now +0.022%, 7d avg −0.006%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.029% dearer against RISEx than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.006%): +$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 2.0 days. At the pace of the last 3 days (−0.092% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BTC/USDC	86,325.6	0.0052	pay 0.0007% / 1h	47m 49s	$8.2M	$42.8M	25x
Short	gTrade (Gains Network) BTC/USD	86,345	L +0.0005% / S −0.0004%	get 0.0001% / 1h	47m 49s	$36.9M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.022%Rate

Funding earned: −$10.03
Price spread: +0.022% → −0.006%: $2.87
Slippage, 4 orders: −$2.85
Fee RISEx: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$23.01
Costs to cover: 0.158%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 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, 1 min ago	0.01 bp	3.0 bp −$3	3.0 bp −$30	10.2 bp −$1,017	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$446	6.4 bp −$3,183

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
Phoenix BTC	−0.0129%	1h	86,441	+0.134%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,315	−0.012%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,326.4	+0.001%	$361K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,349.1	+0.027%	$481K	$22.0M	6.7x	as long as short
gTrade (Gains Network) BTC/USDshort	L +0.0005% / S −0.0004%	1h	86,345	+0.022%	$36.9M	—	200x
Deribit BTC-PERPETUAL	+0.0007%	1h	86,348.4	+0.026%	$902.7M	$1.51B	50x	as long as short
Aster BTCUSDT	+0.0015%	8h	86,354.5	+0.033%	$500.8M	$1.15B	200x	as long as short
dYdX BTC-USD	+0.0016%	1h	86,346.1	+0.024%	$16.9M	$20.6M	50x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,616	+0.336%	$333K	$26.9M	52x	as long as short
KuCoin XBTUSDTM	+0.0031%	8h	86,349.2	+0.027%	$829.8M	$723.9M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0041%	1h	86,315.1	−0.012%	$6.7M	$145.7M	40x	as long as short
BingX BTC-USDC	+0.0047%	8h	86,364	+0.044%	—	$15.3M	—	as long as short
RISEx BTC/USDClong	+0.0052%	1h	86,325.6	long leg	$8.2M	$42.8M	25x
Bitget BTCUSDT	+0.0060%	8h	86,364.4	+0.045%	$2.97B	$5.09B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,531.4	+0.238%	$2.5M	$1.5M	20x	as long as short
MEXC BTC_USDT	+0.0075%	8h	86,373.5	+0.055%	$5.13B	$5.67B	500x	as long as short
Binance BTCUSDT	+0.0076%	8h	86,379.3	+0.062%	$9.41B	$24.51B	150x	as long as short
ApeX Omni BTCUSDT	+0.0088%	1h	86,304.8	−0.024%	$141.4M	$323.2M	100x	as long as short
SoDEX BTC-USD	+0.0089%	1h	86,325	−0.001%	$60.4M	$338.2M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,376	+0.058%	$170.1M	$982.4M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,331.4	+0.007%	$23.7M	$148.8M	50x	as long as short
GRVT BTC_USDT_Perp	+0.0096%	8h	86,431.6	+0.123%	$216.9M	$167.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,319	−0.008%	$8.4M	$52.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,300	−0.030%	$205K	$7.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,371.3	+0.053%	$4.7M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,333.4	+0.009%	$22.0M	$232.1M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,443	+0.136%	$3.79B	$5.04B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,364.5	+0.045%	$40.7M	$546.1M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,369	+0.050%	$5.26B	$9.75B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,369.1	+0.050%	$2.56B	$12.64B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,330	+0.005%	$3.9M	$18.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,347.9	+0.026%	$7.3M	$95.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	86,377.6	+0.060%	$5.82B	$10.50B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,320.7	−0.006%	$37.3M	$155.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,309.8	−0.018%	$157.9M	$567.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,419.2	+0.108%	$279.1M	$949.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,317.3	−0.010%	$30.6M	$208.4M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,363.6	+0.044%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,313	−0.015%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,320	−0.007%	$192K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,329.1	+0.004%	$2.5M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,354.8	+0.034%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,354.3	+0.033%	$30.4M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,318.4	−0.008%	$3.4M	$5.3M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,313.3	−0.014%	$2.29B	$967.9M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	86,328.5	+0.003%	$153.3M	$478.6M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,336.3	+0.012%	$571.6M	$13.0M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,346.5	+0.024%	$45.9M	$224.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,340.3	+0.017%	—	$99.6M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,353.1	+0.032%	$132.4M	$5.56B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,344.5	+0.022%	$191.9M	$951.4M	100x	as long as short
Hibachi BTC/USDT-P	+0.0160%	1h	86,361.2	+0.041%	$710K	$8.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0163%	1h	86,395.2	+0.081%	$77K	$221K	20x	as long as short
BloFin BTC-USDT	+0.0195%	8h	86,345.4	+0.023%	$414.9M	$653.4M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0202% / S −0.0215%	1h	86,331.4	+0.007%	$14.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0211%	8h	86,356	+0.035%	$9.8M	$761.2M	6.4x	as long as short