BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0049%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.016%

Price spread now: Injective against 01 Exchange−0.011%7-day average +0.003% · you buy dearer than you sell

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−$150.151% of the position

Long on 01 Exchange Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.011%, 7d avg +0.003%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	85,797.7	−0.0040	get 0.0005% / 1h	8m 45s	$367K	$1.9M	50x
Short	Injective BTC/USDC PERP	85,788	0.0009	get 0.0001% / 1h	8m 45s	$320K	$30.2M	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.011%Rate

Funding earned: $10.25
Price spread: −0.011% → +0.003%: −$1.46
Slippage, 4 orders: −$8.12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$6.35
Costs to cover: 0.151%
Break-even: 11.3 days

Slippage from 01 Exchange: live order book, 4 min ago; Injective: live order book, 4 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, 4 min ago	0.01 bp	6.3 bp −$6	9.9 bp −$99	doesn't fit	doesn't fit
Sell Injective live order book, 4 min ago	2.33 bp	2.4 bp −$2	9.6 bp −$96	doesn't fit	doesn't fit

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	85,779	−0.022%	$2.1M	$7.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,154	+0.415%	$8K	$2K	50x	as long as short
BloFin BTC-USDT	−0.0043%	8h	85,800.1	+0.003%	$421.5M	$548.9M	150x	as long as short
01 Exchange BTCUSDlong	−0.0040%	1h	85,797.7	long leg	$367K	$1.9M	50x
SoDEX BTC-USD	−0.0017%	1h	85,801	+0.004%	$65.8M	$187.7M	40x	as long as short
Perpl BTC	0.0000%	43m	85,799.2	+0.002%	$466K	$13.4M	6.7x	as long as short
dYdX BTC-USD	0.0000%	1h	85,844.4	+0.054%	$16.8M	$13.6M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,798.4	+0.001%	$36.9M	—	200x	as long as short
Injective BTC/USDC PERPshort	+0.0009%	1h	85,788	−0.011%	$320K	$30.2M	52x
Aster BTCUSDT	+0.0013%	8h	85,817.5	+0.023%	$510.9M	$846.7M	200x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XBTUSD	+0.0030%	1h	85,820.8	+0.027%	$191.9M	$751.2M	100x	as long as short
BingX BTC-USDT	+0.0040%	8h	85,830	+0.038%	—	$1.30B	—	as long as short
Popdex BTCUSDT	+0.0048%	1h	85,795	−0.003%	$8.6M	$45.5M	100x	as long as short
KuCoin XBTUSDTM	+0.0052%	8h	85,821.5	+0.028%	$940.1M	$635.7M	125x	as long as short
Bybit BTCUSDT	+0.0056%	8h	85,840.9	+0.050%	$5.13B	$8.04B	150x	as long as short
HTX BTC-USDT	+0.0066%	8h	85,784.7	−0.015%	$2.27B	$787.1M	200x	as long as short
Gate BTC_USDT	+0.0070%	8h	85,832.9	+0.041%	$5.51B	$9.04B	200x	as long as short
Phemex BTCUSDT	+0.0071%	8h	85,810.8	+0.015%	$169.7M	$476.0M	150x	as long as short
Binance BTCUSDT	+0.0076%	8h	85,835.2	+0.044%	$9.40B	$20.28B	150x	as long as short
MEXC BTC_USDT	+0.0077%	8h	85,823.6	+0.030%	$5.15B	$4.91B	500x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,782.8	−0.017%	$2.4M	$6.8M	20x	as long as short
Bitget BTCUSDT	+0.0088%	8h	85,827.1	+0.034%	$3.00B	$3.89B	150x	as long as short
GRVT BTC_USDT_Perp	+0.0091%	8h	85,780	−0.021%	$215.5M	$132.8M	50x	as long as short
Bullet BTC-USD	+0.0094%	1h	85,796.8	−0.001%	$212K	$3.2M	20x	as long as short
Lighter BTC	+0.0096%	1h	85,849.6	+0.060%	$173.1M	$874.2M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,844	+0.054%	$23.7M	$121.7M	50x	as long as short
Nado BTC-PERP	+0.0097%	1h	85,781.8	−0.019%	$23.0M	$190.6M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,763	−0.040%	$225K	$8.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,811.5	+0.016%	$5.9M	$7.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	85,819.1	+0.025%	$40.0M	$571.4M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,840.4	+0.050%	$2.62B	$9.27B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,770	−0.032%	$3.9M	$14.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,790.3	−0.009%	$4.9M	$91.5M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,846.4	+0.057%	$713.8M	$100.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,799.9	+0.003%	$38.0M	$194.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,758.6	−0.046%	$155.2M	$472.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,762.7	−0.041%	$289.2M	$737.2M	100x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,763.4	−0.040%	$137.7M	$288.4M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,786.7	−0.013%	$30.2M	$226.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,839.4	+0.049%	—	$10.2M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,796	−0.002%	$11.0M	$11.9M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,799.3	+0.002%	$2.6M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,829.4	+0.037%	$143K	$607K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,781.6	−0.019%	$3.3M	$6.7M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	85,798.9	+0.001%	$47.0M	$192.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,789.6	−0.009%	—	$79.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	85,849.6	+0.060%	$112.5M	$4.94B	50x	as long as short
Hyperliquid BTC	+0.0147%	1h	85,917	+0.139%	$3.94B	$4.17B	40x	as long as short
Kalshi KXBTCPERP	+0.0157%	8h	85,808	+0.012%	$11.9M	$735.3M	6.4x	as long as short
Reya BTCRUSDPERP	+0.0170%	1h	85,785	−0.015%	$6.6M	$129.1M	40x	as long as short
RISEx BTC/USDC	+0.0187%	1h	85,806.2	+0.010%	$9.0M	$35.7M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0202%	1h	85,851.9	+0.063%	$820.4M	$1.50B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0211% / S −0.0250%	1h	85,780.6	−0.020%	$15.5M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0320%	1h	85,841.6	+0.051%	$690K	$6.7M	30x	as long as short
Aftermath Perps BTCUSD	+0.0368%	1h	85,818.8	+0.025%	$79K	$228K	20x	as long as short