Funding you earn now, next payment 22:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.021%
Price spread now: Hotstuff against 01 Exchange−0.028%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.028% cheaper against 01 Exchange than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 86,704.4 | 0 | get 0.0000% / 1h | 11m 27s | $362K | $2.4M | 50x |
| Short | Hotstuff BTC-PERP | 86,680 | −0.0080 | pay 0.0010% / 1h | 11m 27s | $9K | $3K | 50x |
01 Exchange BTCUSD
Hotstuff BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$16.8
- Price spread: −0.028% → 0.000%
- −$2.81
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$31.61
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: live order book, 3 min ago; Hotstuff: 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 01 Exchange live order book, 3 min ago | 0.04 bp | 4.3 bp −$4 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0246% | 1h | 86,727 | +0.026% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,703.5 | −0.001% | $425K | $24.6M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,676 | −0.033% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERPshort | −0.0080% | 1h | 86,680 | −0.028% | $9K | $3K | 50x | |
| dYdX BTC-USD | −0.0062% | 1h | 86,692.6 | −0.014% | $17.6M | $20.6M | 50x | as long as short |
| 01 Exchange BTCUSDlong | 0.0000% | 1h | 86,704.4 | long leg | $362K | $2.4M | 50x | |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,724.8 | +0.024% | $929.4M | $1.47B | 50x | as long as short |
| Aster BTCUSDT | +0.0004% | 8h | 86,663.6 | −0.047% | $506.0M | $1.16B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,702 | −0.003% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0006% | 8h | 86,675.3 | −0.034% | $851.3M | $707.8M | 125x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
dYdX BTC-USD
Deribit BTC-PERPETUAL
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,678.2 | −0.030% | $6.7M | $144.4M | 40x | as long as short |
| BingX BTC-USDC | +0.0028% | 8h | 86,670 | −0.040% | — | $15.4M | — | as long as short |
| Phemex BTCUSDT | +0.0028% | 8h | 86,682.5 | −0.025% | $150.2M | $472.1M | 150x | as long as short |
| Bitget BTCUSDT | +0.0036% | 8h | 86,682.3 | −0.025% | $2.96B | $5.09B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,752 | +0.055% | $315K | $26.8M | 52x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,681.4 | −0.027% | $9.43B | $24.37B | 150x | as long as short |
| MEXC BTC_USDT | +0.0060% | 8h | 86,682.3 | −0.025% | $5.19B | $5.71B | 500x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,700 | −0.005% | $9.3M | $41.9M | 25x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,682.4 | −0.025% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,678.6 | −0.030% | $5.85B | $10.69B | 200x | as long as short |
| Bybit BTCUSDT | +0.0084% | 8h | 86,674.6 | −0.034% | $5.28B | $9.72B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0091% | 8h | 86,692.3 | −0.014% | $2.56B | $12.74B | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,693.5 | −0.013% | $172.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,701.6 | −0.003% | $24.1M | $154.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,683 | −0.025% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,672 | −0.037% | $201K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,739 | +0.040% | $4.8M | $8.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,681.2 | −0.027% | $21.7M | $235.3M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,759 | +0.063% | $3.82B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,719.3 | +0.017% | $41.0M | $494.9M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,680 | −0.028% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,754.2 | +0.057% | $7.4M | $94.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,682.4 | −0.025% | $572.6M | $21.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,687.5 | −0.019% | $38.2M | $149.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,796.1 | +0.106% | $159.7M | $566.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,761.4 | +0.066% | $280.3M | $953.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,716 | +0.013% | $217.6M | $186.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,754.9 | +0.058% | $141.6M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,730.5 | +0.030% | $30.8M | $203.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,740.2 | +0.041% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,679 | −0.029% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,682.3 | −0.025% | $196K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,697.9 | −0.007% | $2.4M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,707.2 | +0.003% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,696.2 | −0.009% | $30.0M | $61.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,686.9 | −0.020% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,682 | −0.026% | $60.6M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,670.8 | −0.039% | $2.30B | $959.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,673.4 | −0.036% | $46.4M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,710.9 | +0.007% | — | $98.8M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,721.8 | +0.020% | $188.0M | $934.0M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,738.2 | +0.039% | $131.8M | $5.84B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0163% | 8h | 86,729 | +0.028% | $9.6M | $727.6M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0209% | 1h | 86,705.5 | +0.001% | $15.0M | — | 200x | as long as short |
| BloFin BTC-USDT | +0.0181% | 8h | 86,700 | −0.005% | $416.5M | $655.6M | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 86,711.1 | +0.008% | $780K | $7.8M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Injective BTC/USDC PERP
Binance BTCUSDT
MEXC BTC_USDT
RISEx BTC/USDC
Aevo BTC-PERP
Gate BTC_USDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
BloFin BTC-USDT
Hibachi BTC/USDT-P