BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.019%

Price spread now: dYdX against SoDEX+0.023%7-day average +0.017% · 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−$34as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on SoDEX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.023%, 7d avg +0.017%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BTC-USD	85,303	0.0094	pay 0.0012% / 1h	43m 34s	$59.7M	$336.9M	40x
Short	dYdX BTC-USD	85,322.4	0	get 0.0000% / 1h	43m 34s	$16.7M	$21.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against SoDEX. 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 SoDEXbpFee dYdXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$19.67
Price spread: +0.023% → +0.017%: $0.59
Slippage, 4 orders: −$16.17
Fee SoDEX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$53.25
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from SoDEX: live order book, 6 min ago; dYdX: live order book, 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 SoDEX live order book, 6 min ago	0.06 bp	4.1 bp −$4	4.1 bp −$41	5.1 bp −$510	42.7 bp −$21.3K
Sell dYdX live order book, 1 min ago	0.88 bp	7.4 bp −$7	14.4 bp −$144	19.9 bp −$1,992	27.2 bp −$13.6K

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	85,262	−0.048%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,279	−0.028%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0047%	8h	85,287.7	−0.018%	$928.3M	$773.5M	125x	as long as short
BloFin BTC-USDT	−0.0027%	8h	85,340.8	+0.044%	$421.7M	$684.3M	150x	as long as short
Aster BTCUSDT	−0.0012%	8h	85,314	+0.013%	$512.7M	$1.09B	200x	as long as short
dYdX BTC-USDshort	0.0000%	1h	85,322.4	+0.023%	$16.7M	$21.5M	50x
01 Exchange BTCUSD	0.0000%	1h	85,349.4	+0.054%	$354K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	85,348	+0.053%	$535K	$18.3M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,340.2	+0.044%	$36.5M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0012%	1h	85,344.3	+0.048%	$867.9M	$1.64B	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BTC-PERP	+0.0040%	1h	85,315	+0.014%	$24.4M	$222.7M	50x	as long as short
Injective BTC/USDC PERP	+0.0057%	1h	85,405	+0.120%	$339K	$26.8M	52x	as long as short
ApeX Omni BTCUSDT	+0.0068%	1h	85,268.8	−0.040%	$139.4M	$314.4M	100x	as long as short
BingX BTC-USDC	+0.0070%	8h	85,321.9	+0.022%	—	$17.4M	—	as long as short
Bitget BTCUSDT	+0.0088%	8h	85,336.5	+0.039%	$2.96B	$5.18B	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,321.4	+0.022%	$186.7M	$956.5M	100x	as long as short
MEXC BTC_USDT	+0.0092%	8h	85,332.3	+0.034%	$5.01B	$5.74B	500x	as long as short
Binance BTCUSDT	+0.0093%	8h	85,324.8	+0.026%	$9.43B	$24.99B	150x	as long as short
SoDEX BTC-USDlong	+0.0094%	1h	85,303	long leg	$59.7M	$336.9M	40x
Lighter BTC	+0.0096%	1h	85,300.6	−0.003%	$170.0M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,336	+0.039%	$23.6M	$147.7M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,338	+0.041%	$8.4M	$56.1M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,300.2	−0.003%	$2.4M	$6.7M	20x	as long as short
Phemex BTCUSDT	+0.0098%	8h	85,313.5	+0.012%	$150.5M	$508.7M	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,305	+0.002%	$238K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,363.8	+0.071%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,371	+0.080%	$3.74B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,340.5	+0.044%	$39.9M	$602.6M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,326.3	+0.027%	$5.14B	$10.01B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,351.1	+0.056%	$2.59B	$12.28B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,330	+0.032%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,340.3	+0.044%	$4.6M	$99.2M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,345	+0.049%	$5.50B	$10.98B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,304.5	+0.002%	$36.7M	$178.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,207.4	−0.112%	$154.6M	$558.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,231.5	−0.084%	$279.3M	$953.0M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,259.3	−0.051%	$214.0M	$167.0M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,235	−0.080%	$30.0M	$204.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,382.4	+0.093%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,327	+0.028%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,329	+0.030%	$201K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,309.9	+0.008%	$2.6M	$9.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,354.5	+0.060%	$193K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,289.5	−0.016%	$29.9M	$47.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,331.7	+0.034%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,304.9	+0.002%	$2.26B	$970.2M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,294.8	−0.010%	$682.6M	$475.0M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,318.8	+0.018%	$44.7M	$240.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,353.7	+0.059%	—	$107.1M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,349.3	+0.054%	$117.4M	$5.46B	50x	as long as short
Reya BTCRUSDPERP	+0.0125%	1h	85,316.7	+0.016%	$6.6M	$147.6M	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0152%	1h	85,336.4	+0.039%	$13.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0191%	8h	85,351	+0.056%	$11.8M	$743.0M	6.4x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,363.5	+0.071%	$8.7M	$43.1M	25x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,327.4	+0.029%	$689K	$8.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0258%	1h	85,345	+0.049%	$79K	$229K	20x	as long as short