Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.016%
Price spread now: gTrade (Gains Network) against SoDEX+0.012%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−$17as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Funding, last 3 days (all we have)−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.012%, 7d avg +0.017%
=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 | 85,295 | 0.0100 | pay 0.0013% / 1h | 51m 35s | $59.7M | $336.8M | 40x |
| Short | gTrade (Gains Network) BTC/USD | 85,305 | L +0.0004% / S −0.0004% | get 0.0001% / 1h | 51m 35s | $36.5M | — | 200x |
SoDEX BTC-USD
gTrade (Gains Network) BTC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against SoDEX. 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
- −$20.1
- Price spread: +0.012% → +0.017%
- −$0.56
- Slippage, 4 orders
- −$1.16
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$36.81
- Costs to cover
- 0.162%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 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, 3 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.0 bp −$504 | 41.3 bp −$20.6K |
| Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,181 |
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 | 85,346 | +0.060% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,309 | +0.016% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0048% | 8h | 85,279.5 | −0.018% | $925.8M | $772.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0024% | 8h | 85,315.2 | +0.024% | $421.0M | $683.5M | 150x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 85,290.7 | −0.005% | $512.7M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,301.1 | +0.007% | $16.7M | $21.5M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,300.4 | +0.006% | $526K | $18.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USDshort | L +0.0004% / S −0.0004% | 1h | 85,305 | +0.012% | $36.5M | — | 200x | |
| 01 Exchange BTCUSD | +0.0008% | 1h | 85,305.2 | +0.012% | $354K | $2.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0025% | 1h | 85,333.8 | +0.045% | $139.5M | $314.5M | 100x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
Perpl BTC
01 Exchange BTCUSD
ApeX Omni BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0045% | 1h | 85,316.8 | +0.025% | $24.5M | $222.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,405 | +0.129% | $339K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0070% | 8h | 85,287.6 | −0.009% | — | $1.56B | — | as long as short |
| Bitget BTCUSDT | +0.0087% | 8h | 85,298.5 | +0.004% | $2.95B | $5.18B | 150x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,312.7 | +0.021% | $187.1M | $955.8M | 100x | as long as short |
| Phemex BTCUSDT | +0.0092% | 8h | 85,303.9 | +0.010% | $149.6M | $508.6M | 150x | as long as short |
| Binance BTCUSDT | +0.0096% | 8h | 85,303.3 | +0.010% | $9.42B | $24.98B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,298.8 | +0.004% | $170.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,302.2 | +0.008% | $23.6M | $147.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,303 | +0.009% | $8.3M | $56.0M | 100x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,290.2 | −0.006% | $5.00B | $5.73B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,290.2 | −0.006% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,267 | −0.033% | $238K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,350.3 | +0.065% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,371 | +0.089% | $3.74B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,321.5 | +0.031% | $40.0M | $602.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,296.6 | +0.002% | $5.14B | $9.99B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,305.8 | +0.013% | $2.59B | $12.24B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,293 | −0.002% | $3.8M | $17.2M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,304.7 | +0.011% | $4.6M | $98.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,285.7 | −0.011% | $5.50B | $10.96B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,287.9 | −0.008% | $36.8M | $179.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,340.9 | +0.054% | $155.1M | $558.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,312.4 | +0.020% | $279.5M | $951.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,303.8 | +0.010% | $214.1M | $167.2M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,328.1 | +0.039% | $30.1M | $205.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,361.5 | +0.078% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,302 | +0.008% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,294 | −0.001% | $205K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,300.7 | +0.007% | $2.6M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,345.5 | +0.059% | $193K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,274.3 | −0.024% | $29.9M | $48.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,278.1 | −0.020% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USDlong | +0.0100% | 1h | 85,295 | long leg | $59.7M | $336.8M | 40x | |
| HTX BTC-USDT | +0.0100% | 8h | 85,284.7 | −0.012% | $2.26B | $968.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,294.8 | 0.000% | $682.6M | $475.0M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,268 | −0.032% | $44.5M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,327.5 | +0.038% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,338.2 | +0.051% | $116.7M | $5.46B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0123% | 1h | 85,297.4 | +0.003% | $6.6M | $147.6M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0130% | 1h | 85,341.4 | +0.054% | $865.9M | $1.63B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0152% | 1h | 85,296.2 | +0.001% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,319.2 | +0.028% | $8.8M | $43.2M | 25x | as long as short |
| Kalshi KXBTCPERP | +0.0199% | 8h | 85,335 | +0.047% | $11.5M | $742.9M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,327.4 | +0.038% | $689K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0256% | 1h | 85,385 | +0.105% | $79K | $229K | 20x | as long as short |
Nado BTC-PERP
Injective BTC/USDC PERP
BingX BTC-USDT
Bitget BTCUSDT
Kraken Futures PF_XBTUSD
Phemex BTCUSDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD