BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.009%

Price spread now: dYdX against 01 Exchange+0.054%66s7-day average −0.001% · 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−$510.510% of the position

Long on 01 Exchange Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days−0.067%−$7 · spread now +0.054%, 7d avg −0.001%

Together, before fees−0.065%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.055% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 66 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	01 Exchange BTCUSD	86,061.4	−0.0032	get 0.0004% / 1h	49m 34s	$363K	$2.0M	50x
Short	dYdX BTC-USD	86,107.7	0	get 0.0000% / 1h	49m 34s	$16.9M	$14.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against 01 Exchange. 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 01 ExchangebpFee dYdXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $6.72
Price spread: +0.054% → −0.001%: $5.47
Slippage, 4 orders: −$33.97
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$38.78
Costs to cover: 0.510%
Break-even: 47.4 days

Slippage from 01 Exchange: live order book, 3 min ago; dYdX: live order book, 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 01 Exchange live order book, 3 min ago	0.01 bp	6.2 bp −$6	9.8 bp −$98	doesn't fit	doesn't fit
Sell dYdX live order book, 3 min ago	3.25 bp	32.8 bp −$33	40.0 bp −$400	49.2 bp −$4,920	80.6 bp −$40.3K

BTC on 55 exchanges

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	−0.0133%	1h	86,126	+0.075%	$2.1M	$7.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,197	+0.158%	$8K	$2K	50x	as long as short
ApeX Omni BTCUSDT	−0.0035%	1h	86,094.8	+0.039%	$137.6M	$295.3M	100x	as long as short
01 Exchange BTCUSDlong	−0.0032%	1h	86,061.4	long leg	$363K	$2.0M	50x
BloFin BTC-USDT	−0.0021%	8h	86,096.4	+0.041%	$421.4M	$564.3M	150x	as long as short
dYdX BTC-USDshort	0.0000%	1h	86,107.7	+0.054%	$16.9M	$14.5M	50x
Perpl BTC	0.0000%	43m	86,124.1	+0.073%	$481K	$13.8M	6.7x	as long as short
SoDEX BTC-USD	+0.0003%	1h	86,085	+0.027%	$65.9M	$187.9M	40x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,111.6	+0.058%	$36.8M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0009%	1h	86,214	+0.177%	$301K	$26.1M	52x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BTCUSDT	+0.0028%	8h	86,054.5	−0.008%	$513.0M	$874.2M	200x	as long as short
BingX BTC-USDC	+0.0028%	8h	86,032.2	−0.034%	—	$16.3M	—	as long as short
Kraken Futures PF_XBTUSD	+0.0029%	1h	86,099.5	+0.044%	$191.7M	$768.9M	100x	as long as short
Bybit BTCUSDT	+0.0038%	8h	86,068.2	+0.008%	$5.15B	$8.13B	150x	as long as short
KuCoin XBTUSDTM	+0.0054%	8h	86,062.6	+0.001%	$943.4M	$633.8M	125x	as long as short
Gate BTC_USDT	+0.0063%	8h	86,065.8	+0.005%	$5.51B	$8.89B	200x	as long as short
Popdex BTCUSDT	+0.0080%	1h	86,058	−0.004%	$8.5M	$45.6M	100x	as long as short
Phemex BTCUSDT	+0.0087%	8h	86,090	+0.033%	$170.7M	$478.9M	150x	as long as short
Bitget BTCUSDT	+0.0094%	8h	86,053.4	−0.009%	$2.99B	$3.96B	150x	as long as short
HTX BTC-USDT	+0.0095%	8h	86,083.9	+0.026%	$2.27B	$802.6M	200x	as long as short
Lighter BTC	+0.0096%	1h	86,070.9	+0.011%	$173.7M	$853.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,072.8	+0.013%	$23.4M	$119.1M	50x	as long as short
Aevo BTC-PERP	+0.0096%	1h	86,073.6	+0.014%	$2.4M	$6.7M	20x	as long as short
MEXC BTC_USDT	+0.0098%	8h	86,057.2	−0.005%	$5.17B	$4.82B	500x	as long as short
Binance BTCUSDT	+0.0099%	8h	86,059.8	−0.002%	$9.45B	$20.51B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,043	−0.021%	$218K	$8.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,100.2	+0.045%	$6.0M	$7.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,109	+0.055%	$23.5M	$195.6M	50x	as long as short
Pacifica BTC	+0.0100%	1h	86,101.6	+0.047%	$40.1M	$571.2M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,068	+0.008%	$2.62B	$9.49B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,067	+0.007%	$4.0M	$15.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,097.7	+0.042%	$4.2M	$90.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,169.3	+0.125%	$716.4M	$134.3M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,078.5	+0.020%	$38.2M	$195.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,070.8	+0.011%	$156.6M	$475.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,058.2	−0.004%	$289.8M	$814.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,097	+0.041%	$216.3M	$133.7M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	86,080.1	+0.022%	$30.3M	$223.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,168.7	+0.125%	—	$9.1M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,126	+0.075%	$11.1M	$12.0M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,105.1	+0.051%	$205K	$3.2M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,083.5	+0.026%	$2.6M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,130.9	+0.081%	$195K	$564K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,121.8	+0.070%	$3.2M	$6.6M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	86,028.9	−0.038%	$46.9M	$203.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	86,103.9	+0.049%	—	$81.6M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,132.9	+0.083%	$112.2M	$4.97B	50x	as long as short
Kalshi KXBTCPERP	+0.0160%	8h	86,133	+0.083%	$12.0M	$733.2M	6.4x	as long as short
Reya BTCRUSDPERP	+0.0163%	1h	86,077.4	+0.019%	$6.6M	$131.1M	40x	as long as short
Hyperliquid BTC	+0.0164%	1h	86,161	+0.116%	$3.97B	$4.36B	40x	as long as short
RISEx BTC/USDC	+0.0187%	1h	86,082.4	+0.024%	$8.9M	$37.0M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0211% / S −0.0251%	1h	86,101.2	+0.046%	$15.6M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0258%	1h	86,145.6	+0.098%	$822.8M	$1.50B	50x	as long as short
Hibachi BTC/USDT-P	+0.0352%	1h	86,123	+0.072%	$726K	$7.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0445%	1h	86,135	+0.085%	$79K	$245K	20x	as long as short