Funding you earn now, next payment 08:00 UTC−0.0189%/8h= −20.7% APRnext payment −$0.24 per $10,000 · paid last 24h −0.135%
Price spread now: Bluefin against Aftermath Perps+0.007%7-day average −0.039% · 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−$340.342% of the position
Funding, last 4 days (all we have)−0.467%−$47 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.007%, 7d avg −0.039%
=The price spread pays, funding is against you. Bluefin is 0.047% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.039%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 4 days (−0.467% in total) that is about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps BTCUSD | 85,238 | 0.0289 | pay 0.0036% / 1h | 18m 08s | $81K | $254K | 20x |
| Short | Bluefin BTC-PERP | 85,244.2 | 0.0100 | get 0.0013% / 1h | 18m 08s | $194K | $796K | 40x |
Aftermath Perps BTCUSD
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Aftermath Perps. 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
- −$39.76
- Price spread: +0.007% → −0.039%
- $4.67
- Slippage, 4 orders
- −$18.15
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$69.24
- Costs to cover
- 0.342%
- Break-even
- never at this rate
Slippage from Aftermath Perps: live order book, 26 min ago; Bluefin: live order book, 21 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 Aftermath Perps live order book, 26 min ago | 0.00 bp | 6.6 bp −$7 | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 21 min ago | 1.14 bp | 6.5 bp −$7 | 11.4 bp −$114 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,241 | +0.003% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,189 | −0.058% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,240.6 | +0.003% | $422.4M | $686.2M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0015% | 8h | 85,202.3 | −0.042% | $926.9M | $778.1M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,226.9 | −0.013% | $343K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | +0.0001% | 8h | 85,212.3 | −0.030% | $509.1M | $1.09B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,214.5 | −0.028% | $36.4M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0011% | 1h | 85,231.4 | −0.008% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,232.5 | −0.006% | $185.7M | $955.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0058% | 1h | 85,166 | −0.084% | $139.5M | $312.5M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Kraken Futures PF_XBTUSD
ApeX Omni BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0064% | 8h | 85,211.8 | −0.031% | — | $1.58B | — | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,181 | −0.067% | $302K | $25.3M | 52x | as long as short |
| Bybit BTCUSDT | +0.0080% | 8h | 85,206.5 | −0.037% | $5.10B | $10.03B | 150x | as long as short |
| Nado BTC-PERP | +0.0087% | 1h | 85,223.6 | −0.017% | $24.1M | $220.9M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,224.6 | −0.016% | $168.3M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,224.9 | −0.015% | $23.6M | $148.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,215 | −0.027% | $8.4M | $57.7M | 100x | as long as short |
| Bitget BTCUSDT | +0.0096% | 8h | 85,206.2 | −0.037% | $2.97B | $5.21B | 150x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,202.8 | −0.041% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,197 | −0.048% | $269K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,256.7 | +0.022% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,296 | +0.068% | $3.75B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,237.4 | −0.001% | $40.3M | $604.7M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,215.7 | −0.026% | $9.38B | $25.16B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,219.8 | −0.021% | $2.60B | $12.27B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,239 | +0.001% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,232 | −0.007% | $4.7M | $97.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,210.2 | −0.033% | $5.49B | $11.14B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,216.5 | −0.025% | $5.02B | $5.77B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,203.6 | −0.040% | $36.9M | $189.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,136.5 | −0.119% | $156.2M | $549.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,142.9 | −0.112% | $282.3M | $957.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,165.4 | −0.085% | $213.7M | $159.2M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,160.1 | −0.091% | $30.0M | $212.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,276.9 | +0.046% | — | $10.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,210 | −0.033% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,215.8 | −0.026% | $196K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,214.1 | −0.028% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 85,244.2 | +0.007% | $194K | $796K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,209.5 | −0.033% | $29.2M | $45.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,176.7 | −0.072% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,209 | −0.034% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,209.5 | −0.033% | $2.25B | $974.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,211.4 | −0.031% | $158.8M | $516.2M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,240 | +0.002% | $693.3M | $214.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,180.9 | −0.067% | $45.4M | $241.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,215.2 | −0.027% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,250.9 | +0.015% | $111.7M | $5.48B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0138% | 1h | 85,254.2 | +0.019% | $840.0M | $1.67B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0142% | 1h | 85,197.7 | −0.047% | $6.6M | $143.0M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0171% | 8h | 85,243 | +0.006% | $12.1M | $737.5M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,244.8 | +0.008% | $8.8M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0146% | 1h | 85,212.2 | −0.030% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,273.5 | +0.042% | $679K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSDlong | +0.0289% | 1h | 85,238 | long leg | $81K | $254K | 20x | |
| Perpl BTC | +0.0447% | 43m | 85,244.2 | +0.007% | $459K | $18.4M | 6.7x | as long as short |
BingX BTC-USDT
Injective BTC/USDC PERP
Bybit BTCUSDT
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Perpl BTC