BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0193%/8h= −21.1% APRnext payment −$0.24 per $10,000 · paid last 24h −0.035%

Price spread now: 01 Exchange against RISEx+0.016%61s7-day average −0.012% · 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—prices read too far apart to compare

costs, in and out, $10k−$160.163% of the position

Long on RISEx Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.096%−$10 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.016%, 7d avg −0.012%

Together, before fees−0.142%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. 01 Exchange is 0.028% dearer against RISEx than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.012%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 4 days (−0.096% in total) that is about 26 hours. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BTC/USDC	85,488.8	0.0193	pay 0.0024% / 1h	25m 21s	$8.8M	$42.9M	25x
Short	01 Exchange BTCUSD	85,502.8	0	get 0.0000% / 1h	25m 21s	$353K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.016%Rate

Funding earned: −$40.5
Price spread: +0.016% → −0.012%: $2.83
Slippage, 4 orders: −$3.26
Fee RISEx: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$53.93
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; 01 Exchange: live order book, 4 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, 4 min ago	0.01 bp	4.0 bp −$4	4.4 bp −$44	11.0 bp −$1,095	doesn't fit
Sell 01 Exchange live order book, 4 min ago	0.01 bp	3.8 bp −$4	8.9 bp −$89	doesn't fit	doesn't fit

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	−0.0082%	1h	85,446	−0.050%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,454	−0.041%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0044%	8h	85,499.8	+0.013%	$929.1M	$774.3M	125x	as long as short
BloFin BTC-USDT	−0.0028%	8h	85,416.4	−0.085%	$421.5M	$683.9M	150x	as long as short
Aster BTCUSDT	−0.0010%	8h	85,486	−0.003%	$513.5M	$1.09B	200x	as long as short
01 Exchange BTCUSDshort	0.0000%	1h	85,502.8	+0.016%	$353K	$2.4M	50x
Perpl BTC	0.0000%	43m	85,523	+0.040%	$491K	$18.5M	6.7x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,470	−0.022%	$16.8M	$21.3M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,477	−0.014%	$36.6M	—	200x	as long as short
Nado BTC-PERP	+0.0040%	1h	85,468.9	−0.023%	$24.4M	$222.6M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0057%	1h	85,247	−0.283%	$338K	$26.8M	52x	as long as short
BingX BTC-USDC	+0.0071%	8h	85,480.7	−0.009%	—	$17.5M	—	as long as short
Deribit BTC-PERPETUAL	+0.0086%	1h	85,513.6	+0.029%	$862.0M	$1.64B	50x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,469.4	−0.023%	$2.4M	$6.7M	20x	as long as short
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,491.5	+0.003%	$185.5M	$959.3M	100x	as long as short
Bitget BTCUSDT	+0.0090%	8h	85,477.5	−0.013%	$2.97B	$5.17B	150x	as long as short
MEXC BTC_USDT	+0.0091%	8h	85,503.2	+0.017%	$5.02B	$5.76B	500x	as long as short
Binance BTCUSDT	+0.0093%	8h	85,493.1	+0.005%	$9.44B	$24.99B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,468.5	−0.024%	$170.3M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,481.3	−0.009%	$23.5M	$148.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,493	+0.005%	$8.4M	$56.4M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,470	−0.022%	$242K	$8.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,476.8	−0.014%	$5.15B	$9.99B	150x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,514.5	+0.030%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,586	+0.114%	$3.75B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,483.2	−0.007%	$40.0M	$602.6M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,481.2	−0.009%	$2.60B	$12.28B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,459	−0.035%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,466.8	−0.026%	$5.2M	$98.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,505	+0.019%	$5.56B	$11.03B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,468.1	−0.024%	$37.1M	$178.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,436.8	−0.061%	$154.6M	$558.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,386.4	−0.120%	$279.8M	$950.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,423.4	−0.077%	$214.5M	$163.9M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,436.7	−0.061%	$139.7M	$313.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,414.7	−0.087%	$30.1M	$203.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,552.4	+0.074%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,506	+0.020%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,500	+0.013%	$202K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,480.4	−0.010%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,520.3	+0.037%	$194K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,214.5	−0.321%	$29.9M	$47.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,506.7	+0.021%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,471	−0.021%	$59.8M	$336.8M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,465.3	−0.027%	$2.26B	$968.4M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,462.6	−0.031%	$152.7M	$510.2M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,269.9	−0.256%	$683.1M	$415.1M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,456.2	−0.038%	$44.9M	$240.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,481.9	−0.008%	—	$106.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,512.8	+0.028%	$115.5M	$5.48B	50x	as long as short
Reya BTCRUSDPERP	+0.0129%	1h	85,462.8	−0.030%	$6.6M	$147.7M	40x	as long as short
Kalshi KXBTCPERP	+0.0183%	8h	85,476	−0.015%	$11.9M	$741.0M	6.4x	as long as short
RISEx BTC/USDClong	+0.0193%	1h	85,488.8	long leg	$8.8M	$42.9M	25x
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0176%	1h	85,441.9	−0.055%	$13.1M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	85,492.1	+0.004%	$685K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0247%	1h	85,377.9	−0.130%	$79K	$230K	20x	as long as short