BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0270%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h −0.062%

Price spread now: Hotstuff against Aftermath Perps+0.031%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.031% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BTCUSD	85,600.4	0.0190	pay 0.0024% / 1h	34m 53s	$78K	$219K	20x
Short	Hotstuff BTC-PERP	85,627	−0.0080	pay 0.0010% / 1h	34m 53s	$8K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 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 Aftermath PerpsbpFee HotstuffbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$56.72
Price spread: +0.031% → 0.000%: $3.1
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$67.61
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: live order book, 29 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 Aftermath Perps live order book, 29 min ago	1.00 bp	9.4 bp −$9	23.1 bp −$231	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
Phoenix BTC	−0.0160%	1h	85,602	+0.002%	$2.2M	$10.3M	40x	as long as short
Hotstuff BTC-PERPshort	−0.0080%	1h	85,627	+0.031%	$8K	$3K	50x
Bluefin BTC-PERP	−0.0058%	1h	85,693.6	+0.109%	$196K	$722K	40x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	85,612.4	+0.014%	$370K	$2.3M	50x	as long as short
BloFin BTC-USDT	−0.0034%	8h	85,650	+0.058%	$416.1M	$663.9M	150x	as long as short
dYdX BTC-USD	0.0000%	1h	85,640.3	+0.047%	$16.8M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,658	+0.067%	$36.7M	—	200x	as long as short
Nado BTC-PERP	+0.0010%	1h	85,615.1	+0.017%	$22.9M	$221.3M	50x	as long as short
KuCoin XBTUSDTM	+0.0011%	8h	85,639.3	+0.045%	$917.3M	$753.1M	125x	as long as short
Aster BTCUSDT	+0.0018%	8h	85,636.5	+0.042%	$516.0M	$1.11B	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDC	+0.0054%	8h	85,630.3	+0.035%	—	$17.1M	—	as long as short
HTX BTC-USDT	+0.0066%	8h	85,625.9	+0.030%	$2.27B	$933.7M	200x	as long as short
Reya BTCRUSDPERP	+0.0068%	1h	85,641.3	+0.048%	$6.7M	$146.4M	40x	as long as short
Bitget BTCUSDT	+0.0068%	8h	85,611.4	+0.013%	$2.95B	$5.02B	150x	as long as short
Phemex BTCUSDT	+0.0075%	8h	85,653.5	+0.062%	$148.1M	$479.1M	150x	as long as short
Injective BTC/USDC PERP	+0.0079%	1h	85,578	−0.026%	$340K	$26.9M	52x	as long as short
SunX BTC-USDT	+0.0080%	8h	85,595.3	−0.006%	$2.9M	$6.1M	100x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,647.6	+0.055%	$2.5M	$1.7M	20x	as long as short
MEXC BTC_USDT	+0.0085%	8h	85,649.9	+0.058%	$5.05B	$5.61B	500x	as long as short
Binance BTCUSDT	+0.0086%	8h	85,649.4	+0.057%	$9.35B	$23.91B	150x	as long as short
Deribit BTC-PERPETUAL	+0.0089%	1h	85,693.2	+0.108%	$893.1M	$1.52B	50x	as long as short
Lighter BTC	+0.0096%	1h	85,650.8	+0.059%	$169.9M	$988.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,660	+0.070%	$23.9M	$148.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,616	+0.018%	$8.4M	$51.9M	100x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	85,650.5	+0.058%	$3.8M	$8.3M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,587	−0.016%	$197K	$7.8M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,685	+0.099%	$3.77B	$4.94B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,636.9	+0.043%	$40.5M	$573.5M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,634.2	+0.039%	$5.33B	$9.58B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,626.7	+0.031%	$2.57B	$12.11B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,618	+0.021%	$3.9M	$18.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,578.8	−0.025%	$7.2M	$97.1M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,651.5	+0.060%	$5.55B	$10.48B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,636	+0.042%	$35.3M	$172.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,622.5	+0.026%	$155.0M	$548.4M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,510.3	−0.105%	$279.0M	$929.2M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,588.5	−0.014%	$214.9M	$165.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,576.1	−0.028%	$140.0M	$316.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,601.4	+0.001%	$30.3M	$210.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,682.9	+0.096%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,638	+0.044%	$11.0M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,649.4	+0.057%	$190K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,650.8	+0.059%	$2.3M	$8.8M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,649.1	+0.057%	$30.0M	$52.6M	15x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,655	+0.064%	$60.0M	$336.2M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,614.4	+0.016%	$621.3M	$398.6M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,626	+0.030%	$44.1M	$227.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,643.7	+0.051%	—	$105.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,693.1	+0.108%	$130.6M	$5.10B	50x	as long as short
RISEx BTC/USDC	+0.0120%	1h	85,638.7	+0.045%	$8.4M	$42.2M	25x	as long as short
Kraken Futures PF_XBTUSD	+0.0138%	1h	85,684.1	+0.098%	$188.8M	$948.8M	100x	as long as short
Aftermath Perps BTCUSDlong	+0.0190%	1h	85,600.4	long leg	$78K	$219K	20x
Hibachi BTC/USDT-P	+0.0200%	1h	85,605.5	+0.006%	$700K	$7.9M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0180%	1h	85,654.3	+0.063%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0214%	8h	85,661	+0.071%	$10.5M	$760.4M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,647.4	+0.055%	$520K	$19.4M	6.7x	as long as short