Funding you earn now, next payment 01:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.022%
Price spread now: SoDEX against 01 Exchange−0.078%7-day average −0.022% · 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−$24as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 3 days (all we have)+0.061%+$6 on $10k
+Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.078%, 7d avg −0.022%
=Funding pays, the price is against you. SoDEX is 0.056% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.022%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 86,359.4 | −0.0032 | get 0.0004% / 1h | 52m 19s | $362K | $2.4M | 50x |
| Short | SoDEX BTC-USD | 86,292 | 0.0049 | get 0.0006% / 1h | 52m 19s | $60.3M | $338.1M | 40x |
01 Exchange BTCUSD
SoDEX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $16.97
- Price spread: −0.078% → −0.022%
- −$5.56
- Slippage, 4 orders
- −$3.09
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$6.68
- Costs to cover
- 0.181%
- Break-even
- 9.8 days
Slippage from 01 Exchange: live order book, 2 min ago; SoDEX: live order book, 2 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, 2 min ago | 0.04 bp | 5.3 bp −$5 | 9.6 bp −$96 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 2 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.1 bp −$506 | 42.2 bp −$21.1K |
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 | −0.0129% | 1h | 86,441 | +0.094% | $2.2M | $11.2M | 40x | as long as short |
| ApeX Omni BTCUSDT | −0.0120% | 1h | 86,477.3 | +0.137% | $141.6M | $323.3M | 100x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,359 | 0.000% | $9K | $3K | 50x | as long as short |
| Bluefin BTC-PERP | −0.0070% | 1h | 86,375.5 | +0.019% | $140K | $663K | 40x | as long as short |
| 01 Exchange BTCUSDlong | −0.0032% | 1h | 86,359.4 | long leg | $362K | $2.4M | 50x | |
| Perpl BTC | 0.0000% | 43m | 86,368.1 | +0.010% | $432K | $22.1M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 86,351.3 | −0.009% | $16.9M | $20.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,383.2 | +0.028% | $36.9M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0012% | 1h | 86,321.2 | −0.044% | $903.4M | $1.51B | 50x | as long as short |
| Aster BTCUSDT | +0.0015% | 8h | 86,347.9 | −0.013% | $500.7M | $1.15B | 200x | as long as short |
Phoenix BTC
ApeX Omni BTCUSDT
Hotstuff BTC-PERP
Bluefin BTC-PERP
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Deribit BTC-PERPETUAL
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,616 | +0.297% | $333K | $26.9M | 52x | as long as short |
| GRVT BTC_USDT_Perp | +0.0026% | 8h | 86,468.8 | +0.127% | $217.1M | $171.1M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0029% | 8h | 86,352.3 | −0.008% | $831.3M | $723.2M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0041% | 1h | 86,344.6 | −0.017% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDC | +0.0046% | 8h | 86,353.2 | −0.007% | — | $15.3M | — | as long as short |
| SoDEX BTC-USDshort | +0.0049% | 1h | 86,292 | −0.078% | $60.3M | $338.1M | 40x | |
| RISEx BTC/USDC | +0.0052% | 1h | 86,375.1 | +0.018% | $8.3M | $42.9M | 25x | as long as short |
| Gate BTC_USDT | +0.0056% | 8h | 86,365.3 | +0.007% | $5.84B | $10.46B | 200x | as long as short |
| Bitget BTCUSDT | +0.0059% | 8h | 86,292.9 | −0.077% | $2.97B | $5.10B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,447.8 | +0.102% | $2.5M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0075% | 8h | 86,345.6 | −0.016% | $5.13B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0076% | 8h | 86,286.4 | −0.084% | $9.40B | $24.52B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,299.3 | −0.070% | $170.0M | $980.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,296.3 | −0.073% | $23.7M | $148.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,368 | +0.010% | $8.4M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,346 | −0.016% | $197K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,356.2 | −0.004% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,360.9 | +0.002% | $22.0M | $232.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,419 | +0.069% | $3.79B | $5.04B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,360.9 | +0.002% | $40.7M | $540.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,290.8 | −0.079% | $5.26B | $9.76B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,311.8 | −0.055% | $2.55B | $12.64B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,348 | −0.013% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,393.9 | +0.040% | $7.3M | $96.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,523.6 | +0.190% | $572.9M | $12.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,391.5 | +0.037% | $37.7M | $155.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,440 | +0.093% | $157.9M | $568.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,483.7 | +0.144% | $279.3M | $947.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,433 | +0.085% | $30.7M | $208.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,400.5 | +0.048% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,340 | −0.022% | $11.1M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,358.5 | −0.001% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,303.3 | −0.065% | $2.5M | $9.1M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,333.1 | −0.030% | $30.4M | $62.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,284.4 | −0.087% | $3.4M | $5.3M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,294.2 | −0.075% | $2.29B | $967.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,294.1 | −0.076% | $152.8M | $478.7M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,277.9 | −0.094% | $45.9M | $224.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,343.1 | −0.019% | — | $99.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,321.9 | −0.043% | $133.0M | $5.57B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,312.6 | −0.054% | $192.3M | $951.0M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,459.5 | +0.116% | $714K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0168% | 1h | 86,471.1 | +0.129% | $78K | $218K | 20x | as long as short |
| BloFin BTC-USDT | +0.0195% | 8h | 86,393.3 | +0.039% | $415.5M | $655.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0214% | 1h | 86,374.7 | +0.018% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 86,364 | +0.005% | $9.5M | $759.6M | 6.4x | as long as short |
Injective BTC/USDC PERP
GRVT BTC_USDT_Perp
KuCoin XBTUSDTM
Reya BTCRUSDPERP
BingX BTC-USDC
RISEx BTC/USDC
Gate BTC_USDT
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
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
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP