BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.010%

Price spread now: RISEx against Aevo+0.014%7-day average +0.036% · 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−$29as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Aevo Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.014%, 7d avg +0.036%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.022% cheaper against Aevo than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.036%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.017% in total) that is about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BTC-PERP	86,046.3	0.0096	pay 0.0012% / 1h	48m 09s	$2.4M	$6.7M	20x
Short	RISEx BTC/USDC	86,058.6	0.0187	get 0.0023% / 1h	48m 09s	$8.9M	$37.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Aevo. 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 AevobpFee RISExbpOrdersPrice spread, now +0.014%Rate

Funding earned: $19.09
Price spread: +0.014% → +0.036%: −$2.16
Slippage, 4 orders: −$4.62
Fee Aevo: 8 bp × 2 orders: −$16
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$9.69
Costs to cover: 0.266%
Break-even: 10.6 days

Slippage from Aevo: live order book, 4 min ago; RISEx: 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 Aevo live order book, 4 min ago	0.86 bp	10.1 bp −$10	11.2 bp −$112	13.1 bp −$1,310	doesn't fit
Sell RISEx live order book, 4 min ago	0.01 bp	3.6 bp −$4	3.8 bp −$38	11.6 bp −$1,156	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	86,126	+0.093%	$2.1M	$7.8M	40x	as long as short
ApeX Omni BTCUSDT	−0.0103%	1h	86,098.5	+0.061%	$137.8M	$295.3M	100x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,197	+0.175%	$8K	$2K	50x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,040.4	−0.007%	$362K	$2.0M	50x	as long as short
BloFin BTC-USDT	−0.0021%	8h	86,047.9	+0.002%	$422.6M	$563.8M	150x	as long as short
SoDEX BTC-USD	−0.0007%	1h	86,065	+0.022%	$65.9M	$187.9M	40x	as long as short
dYdX BTC-USD	0.0000%	1h	86,061.8	+0.018%	$16.9M	$14.5M	50x	as long as short
Perpl BTC	0.0000%	43m	86,057.4	+0.013%	$476K	$13.8M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,067.7	+0.025%	$36.8M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0009%	1h	86,114	+0.079%	$301K	$26.2M	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	86,055.3	+0.010%	$513.0M	$874.0M	200x	as long as short
BingX BTC-USDT	+0.0028%	8h	86,077.5	+0.036%	—	$1.33B	—	as long as short
Kraken Futures PF_XBTUSD	+0.0029%	1h	86,089.3	+0.050%	$191.6M	$768.3M	100x	as long as short
Bybit BTCUSDT	+0.0039%	8h	86,082.3	+0.042%	$5.15B	$8.13B	150x	as long as short
KuCoin XBTUSDTM	+0.0054%	8h	86,062.5	+0.019%	$943.0M	$633.3M	125x	as long as short
Gate BTC_USDT	+0.0063%	8h	86,079.8	+0.039%	$5.52B	$8.89B	200x	as long as short
Popdex BTCUSDT	+0.0072%	1h	86,041	−0.006%	$8.5M	$45.6M	100x	as long as short
Phemex BTCUSDT	+0.0092%	8h	86,076	+0.035%	$170.8M	$478.8M	150x	as long as short
Bitget BTCUSDT	+0.0093%	8h	86,074.4	+0.033%	$2.99B	$3.96B	150x	as long as short
HTX BTC-USDT	+0.0094%	8h	86,058.8	+0.015%	$2.27B	$803.8M	200x	as long as short
Lighter BTC	+0.0096%	1h	86,083.4	+0.043%	$173.8M	$854.3M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,084.5	+0.044%	$23.4M	$119.1M	50x	as long as short
Aevo BTC-PERPlong	+0.0096%	1h	86,046.3	long leg	$2.4M	$6.7M	20x
MEXC BTC_USDT	+0.0098%	8h	86,069.2	+0.027%	$5.17B	$4.83B	500x	as long as short
Binance BTCUSDT	+0.0098%	8h	86,065.2	+0.022%	$9.45B	$20.51B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,015	−0.036%	$218K	$8.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,089.2	+0.050%	$6.0M	$7.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,038.4	−0.009%	$23.5M	$195.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	86,077.5	+0.036%	$40.1M	$571.2M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,083.8	+0.044%	$2.62B	$9.50B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,027	−0.022%	$4.0M	$15.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,071.7	+0.030%	$4.2M	$90.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,169.3	+0.143%	$716.4M	$134.3M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,059.6	+0.015%	$38.2M	$195.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,070.8	+0.028%	$156.6M	$475.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,058.2	+0.014%	$289.8M	$814.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,097	+0.059%	$216.3M	$133.7M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	86,074.5	+0.033%	$30.3M	$223.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,099.5	+0.062%	—	$9.2M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,059	+0.015%	$11.1M	$12.0M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,056	+0.011%	$205K	$3.2M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,057.7	+0.013%	$2.6M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,107.1	+0.071%	$195K	$563K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,045.9	0.000%	$3.3M	$6.7M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	86,037.3	−0.010%	$46.9M	$203.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	86,063.4	+0.020%	—	$81.6M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,120.6	+0.086%	$112.3M	$4.97B	50x	as long as short
Hyperliquid BTC	+0.0158%	1h	86,159	+0.131%	$3.97B	$4.36B	40x	as long as short
Kalshi KXBTCPERP	+0.0160%	8h	86,069	+0.026%	$12.0M	$733.9M	6.4x	as long as short
Reya BTCRUSDPERP	+0.0163%	1h	86,077.4	+0.036%	$6.6M	$131.1M	40x	as long as short
RISEx BTC/USDCshort	+0.0187%	1h	86,058.6	+0.014%	$8.9M	$37.0M	25x
GMX BTC/USD [WBTC.b-USDC]	L +0.0211% / S −0.0252%	1h	86,082.2	+0.042%	$15.6M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0291%	1h	86,125.8	+0.092%	$822.9M	$1.50B	50x	as long as short
Hibachi BTC/USDT-P	+0.0352%	1h	86,119	+0.084%	$725K	$7.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0446%	1h	86,115.2	+0.080%	$79K	$245K	20x	as long as short