Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: Derive against StandX+0.089%7-day average +0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.089%, 7d avg +0.008%
=Together, before fees−0.196%+ Points / potential airdropStandX: Active · farm board−$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.081% dearer against StandX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX BTC-USD | 86,327 | 0.0100 | pay 0.0013% / 1h | 29m 41s | $30.6M | $209.6M | 40x |
| Short | Derive BTC-PERP | 86,403.8 | 0.0100 | get 0.0013% / 1h | 29m 41s | $30.5M | $58.1M | 15x |
StandX BTC-USD
Derive BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against StandX. 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
- $0
- Price spread: +0.089% → +0.008%
- $8.09
- Slippage, 4 orders
- no order book: not counted
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$5.91
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: StandX: live order book, 5 min ago; Derive: 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 StandX live order book, 5 min ago | 1.04 bp | 5.7 bp −$6 | 7.0 bp −$70 | 8.9 bp −$886 | 10.6 bp −$5,299 |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0419% | 1h | 86,411.7 | +0.098% | $144K | $666K | 40x | as long as short |
| Phoenix BTC | −0.0129% | 1h | 86,337 | +0.012% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,378 | +0.059% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,370 | +0.050% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,391.9 | +0.075% | $482K | $21.6M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,392 | +0.075% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0022% | 8h | 86,374.1 | +0.055% | $500.9M | $1.14B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.036% | $343K | $26.9M | 52x | as long as short |
| dYdX BTC-USD | +0.0027% | 1h | 86,382.2 | +0.064% | $16.9M | $20.5M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0041% | 8h | 86,388 | +0.071% | $831.5M | $720.7M | 125x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Injective BTC/USDC PERP
dYdX BTC-USD
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0045% | 1h | 86,359.6 | +0.038% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDT | +0.0050% | 8h | 86,367 | +0.046% | — | $1.57B | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,372.5 | +0.053% | $8.3M | $42.5M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0061% | 1h | 86,419.2 | +0.107% | $902.6M | $1.51B | 50x | as long as short |
| Bitget BTCUSDT | +0.0063% | 8h | 86,357.4 | +0.035% | $2.97B | $5.04B | 150x | as long as short |
| Phemex BTCUSDT | +0.0074% | 8h | 86,381.2 | +0.063% | $154.3M | $473.6M | 150x | as long as short |
| MEXC BTC_USDT | +0.0077% | 8h | 86,360.4 | +0.039% | $5.13B | $5.70B | 500x | as long as short |
| Binance BTCUSDT | +0.0078% | 8h | 86,370.2 | +0.050% | $9.41B | $24.29B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,370.3 | +0.050% | $2.5M | $1.7M | 20x | as long as short |
| HTX BTC-USDT | +0.0081% | 8h | 86,365.3 | +0.044% | $2.29B | $964.6M | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,378.5 | +0.060% | $170.5M | $985.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,391.1 | +0.074% | $23.7M | $149.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,358 | +0.036% | $8.4M | $52.0M | 100x | as long as short |
| SoDEX BTC-USD | +0.0097% | 1h | 86,380 | +0.061% | $60.4M | $338.2M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,338 | +0.013% | $202K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,392 | +0.075% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,375.1 | +0.056% | $22.0M | $228.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,444 | +0.136% | $3.79B | $5.00B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,400.7 | +0.085% | $41.1M | $552.2M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,370.8 | +0.051% | $5.26B | $9.66B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,367.8 | +0.047% | $2.56B | $12.48B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,406 | +0.092% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,392.7 | +0.076% | $7.2M | $94.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,348 | +0.024% | $573.1M | $19.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,366.4 | +0.046% | $5.80B | $10.54B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,399.7 | +0.084% | $37.5M | $157.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,377.3 | +0.058% | $158.2M | $561.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,361.8 | +0.040% | $278.9M | $951.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,400.1 | +0.085% | $217.0M | $165.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,356.3 | +0.034% | $141.6M | $321.1M | 100x | as long as short |
| StandX BTC-USDlong | +0.0100% | 1h | 86,327 | long leg | $30.6M | $209.6M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 86,409.2 | +0.095% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,366 | +0.045% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,375.6 | +0.056% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,374.1 | +0.055% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERPshort | +0.0100% | 1h | 86,403.8 | +0.089% | $30.5M | $58.1M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 86,359.4 | +0.038% | $3.4M | $5.2M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,345.4 | +0.021% | $45.9M | $222.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,380.1 | +0.062% | — | $98.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,425.8 | +0.114% | $132.2M | $5.40B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,413.4 | +0.100% | $192.4M | $942.2M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0166% | 1h | 86,401.9 | +0.087% | $77K | $217K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,433.2 | +0.123% | $711K | $7.9M | 30x | as long as short |
| BloFin BTC-USDT | +0.0197% | 8h | 86,370.5 | +0.050% | $415.9M | $645.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0205% / S −0.0219% | 1h | 86,389.4 | +0.072% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 86,398 | +0.082% | $10.2M | $763.5M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Bitget BTCUSDT
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
HTX BTC-USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
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
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
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