BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0264%/8h= −28.9% APRnext payment −$0.33 per $10,000 · paid last 24h −0.042%

Price spread now: 01 Exchange against Aftermath Perps−0.048%7-day average −0.011% · 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−$32as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Aftermath Perps Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.140%−$14 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.048%, 7d avg −0.011%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and 01 Exchange is 0.037% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BTCUSD	85,484.9	0.0264	pay 0.0033% / 1h	4m 56s	$79K	$242K	20x
Short	01 Exchange BTCUSD	85,444.2	0	get 0.0000% / 1h	4m 56s	$353K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.048%Rate

Funding earned: −$55.51
Price spread: −0.048% → −0.011%: −$3.68
Slippage, 4 orders: −$12.31
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$87.49
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 44 min ago; 01 Exchange: 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 Aftermath Perps live order book, 44 min ago	0.14 bp	8.6 bp −$9	12.6 bp −$126	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 4 min ago	0.04 bp	5.1 bp −$5	9.4 bp −$94	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
Phoenix BTC	−0.0082%	1h	85,520	+0.041%	$2.3M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,456	−0.034%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0033%	8h	85,429.4	−0.065%	$929.0M	$772.9M	125x	as long as short
BloFin BTC-USDT	−0.0022%	8h	85,455	−0.035%	$421.8M	$681.5M	150x	as long as short
Aster BTCUSDT	−0.0003%	8h	85,421.2	−0.074%	$512.8M	$1.09B	200x	as long as short
01 Exchange BTCUSDshort	0.0000%	1h	85,444.2	−0.048%	$353K	$2.4M	50x
Perpl BTC	0.0000%	43m	85,439.3	−0.053%	$492K	$18.3M	6.7x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,475.9	−0.011%	$16.7M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,445.5	−0.046%	$36.5M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0034%	1h	85,467	−0.021%	$853.6M	$1.64B	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BTC-PERP	+0.0045%	1h	85,459.2	−0.030%	$24.1M	$219.8M	50x	as long as short
Injective BTC/USDC PERP	+0.0057%	1h	85,486	+0.001%	$339K	$26.8M	52x	as long as short
BingX BTC-USDT	+0.0074%	8h	85,429.8	−0.064%	—	$1.57B	—	as long as short
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,439.7	−0.053%	$186.0M	$951.1M	100x	as long as short
Bitget BTCUSDT	+0.0092%	8h	85,416.9	−0.080%	$2.97B	$5.15B	150x	as long as short
Bybit BTCUSDT	+0.0093%	8h	85,415	−0.082%	$5.14B	$9.96B	150x	as long as short
SoDEX BTC-USD	+0.0095%	1h	85,425	−0.070%	$59.8M	$336.6M	40x	as long as short
Lighter BTC	+0.0096%	1h	85,439.9	−0.053%	$169.7M	$1.03B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,439.6	−0.053%	$23.6M	$148.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,460	−0.029%	$8.4M	$57.2M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,447.2	−0.044%	$2.4M	$6.7M	20x	as long as short
MEXC BTC_USDT	+0.0097%	8h	85,425.1	−0.070%	$5.04B	$5.78B	500x	as long as short
Binance BTCUSDT	+0.0098%	8h	85,418.4	−0.078%	$9.42B	$24.86B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,425	−0.070%	$245K	$8.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,509	+0.028%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,506	+0.025%	$3.75B	$5.06B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,484.2	−0.001%	$40.4M	$603.0M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,424.4	−0.071%	$2.60B	$12.19B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,442	−0.050%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,435.8	−0.057%	$5.1M	$96.0M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,433.3	−0.060%	$5.55B	$11.09B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,418.8	−0.077%	$37.4M	$182.1M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,432.9	−0.061%	$156.6M	$557.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,406.3	−0.092%	$279.8M	$952.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,439.5	−0.053%	$214.5M	$163.3M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,439.8	−0.053%	$139.7M	$313.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,428.5	−0.066%	$30.1M	$207.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,497.2	+0.014%	—	$10.2M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,440	−0.053%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,439	−0.054%	$199K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,431.5	−0.062%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,468.7	−0.019%	$194K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,451.8	−0.039%	$30.0M	$46.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,464.8	−0.023%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,431.8	−0.062%	$2.26B	$962.6M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,442.4	−0.050%	$157.1M	$512.1M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,413.1	−0.084%	$689.0M	$342.5M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,393.4	−0.107%	$45.2M	$240.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,470.9	−0.016%	—	$104.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,459.8	−0.029%	$113.0M	$5.48B	50x	as long as short
Reya BTCRUSDPERP	+0.0134%	1h	85,429.2	−0.065%	$6.6M	$147.7M	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0150%	1h	85,446.9	−0.044%	$13.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0176%	8h	85,483	−0.002%	$12.0M	$739.0M	6.4x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,463.5	−0.025%	$8.8M	$42.7M	25x	as long as short
Hibachi BTC/USDT-P	+0.0208%	1h	85,495.5	+0.012%	$685K	$7.8M	30x	as long as short
Aftermath Perps BTCUSDlong	+0.0264%	1h	85,484.9	long leg	$79K	$242K	20x