Funding you earn now, next payment 23:29 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.041%
Price spread now: Perpl against RISEx−0.001%7-day average +0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.071%+$7 on $10k
+Price spread, last 7 days+0.085%+$9 · spread now −0.001%, 7d avg +0.009%
=Together, before fees+0.156%+ Points / potential airdropPerpl: Active · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.009%, 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 3 days funding on this pair paid +0.071%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 86,345.8 | 0.0052 | pay 0.0007% / 1h | 50m 14s | $8.3M | $42.9M | 25x |
| Short | Perpl BTC | 86,345.2 | 0 | get 0.0000% / 43m | 29m 14s | $460K | $22.2M | 6.7x |
RISEx BTC/USDC
Perpl BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$10.97
- Price spread: −0.001% → +0.009%
- −$0.97
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$31.74
- Costs to cover
- 0.198%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 4 min ago; Perpl: no order-book sample. 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 RISEx live order book, 4 min ago | 0.01 bp | 3.0 bp −$3 | 3.0 bp −$30 | 11.1 bp −$1,114 | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0129% | 1h | 86,441 | +0.110% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,306 | −0.046% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,329.5 | −0.019% | $362K | $2.4M | 50x | as long as short |
| Perpl BTCshort | 0.0000% | 43m | 86,345.2 | −0.001% | $460K | $22.2M | 6.7x | |
| dYdX BTC-USD | +0.0003% | 1h | 86,307.1 | −0.045% | $16.9M | $20.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,361.7 | +0.018% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0014% | 8h | 86,331.7 | −0.016% | $500.6M | $1.15B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,616 | +0.313% | $333K | $26.9M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0026% | 1h | 86,317.7 | −0.033% | $903.1M | $1.51B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0030% | 8h | 86,290.9 | −0.064% | $829.5M | $723.8M | 125x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0041% | 1h | 86,338.3 | −0.009% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDC | +0.0047% | 8h | 86,283.6 | −0.072% | — | $15.4M | — | as long as short |
| RISEx BTC/USDClong | +0.0052% | 1h | 86,345.8 | long leg | $8.3M | $42.9M | 25x | |
| SoDEX BTC-USD | +0.0059% | 1h | 86,284 | −0.072% | $60.4M | $338.2M | 40x | as long as short |
| Bitget BTCUSDT | +0.0060% | 8h | 86,297.7 | −0.056% | $2.96B | $5.09B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0069% | 1h | 86,448.9 | +0.119% | $141.6M | $323.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0072% | 1h | 86,300.2 | −0.053% | $140K | $663K | 40x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,459.2 | +0.131% | $2.5M | $1.5M | 20x | as long as short |
| MEXC BTC_USDT | +0.0075% | 8h | 86,294.2 | −0.060% | $5.12B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0076% | 8h | 86,293.9 | −0.060% | $9.40B | $24.51B | 150x | as long as short |
| Gate BTC_USDT | +0.0077% | 8h | 86,293.9 | −0.060% | $5.81B | $10.48B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,297.4 | −0.056% | $169.9M | $981.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,302.8 | −0.050% | $23.7M | $148.8M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,431.6 | +0.099% | $216.9M | $167.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,333 | −0.015% | $8.4M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,303 | −0.050% | $207K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,356.8 | +0.013% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,310.6 | −0.041% | $22.1M | $232.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,369 | +0.027% | $3.79B | $5.04B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,353.8 | +0.009% | $40.7M | $540.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,297.2 | −0.056% | $5.25B | $9.76B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,307.1 | −0.045% | $2.56B | $12.63B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,338 | −0.009% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,358.9 | +0.015% | $7.3M | $95.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,523.6 | +0.206% | $572.9M | $12.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,279 | −0.077% | $37.5M | $155.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,309.8 | −0.042% | $157.9M | $567.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,419.2 | +0.085% | $279.1M | $949.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,300 | −0.053% | $30.6M | $208.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,377.1 | +0.036% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,340 | −0.007% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,343.5 | −0.003% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,278.6 | −0.078% | $2.5M | $9.1M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,301.8 | −0.051% | $30.4M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,304.4 | −0.048% | $3.4M | $5.3M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,280.3 | −0.076% | $2.29B | $967.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,294.8 | −0.059% | $153.0M | $478.8M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,248.1 | −0.113% | $45.9M | $224.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,336.6 | −0.011% | — | $99.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,332.4 | −0.016% | $132.5M | $5.57B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,317.9 | −0.032% | $192.3M | $951.1M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0165% | 1h | 86,423.8 | +0.090% | $76K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,388.4 | +0.049% | $714K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0196% | 8h | 86,301 | −0.052% | $414.7M | $654.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0215% | 1h | 86,352.2 | +0.007% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 86,342 | −0.004% | $9.5M | $760.5M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
SoDEX BTC-USD
Bitget BTCUSDT
ApeX Omni BTCUSDT
Bluefin BTC-PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP