Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.124%
Price spread now: Bluefin against Binance+0.048%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days−0.354%−$35 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.048%, 7d avg −0.015%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.063% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTCUSDT | 85,190.6 | 0.0100 | pay 0.0100% / 8h | 15m 11s | $9.37B | $25.16B | 150x |
| Short | Bluefin BTC-PERP | 85,231.2 | 0.0100 | get 0.0013% / 1h | 15m 11s | $194K | $796K | 40x |
Binance BTCUSDT
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Binance. 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
- $0
- Price spread: +0.048% → −0.015%
- $6.25
- Slippage, 4 orders
- −$6.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$16.76
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bluefin: live order book, 24 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 Binance live order book, 14 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.0 bp −$602 | 7.8 bp −$3,906 |
| Sell Bluefin live order book, 24 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 | 85,215 | +0.029% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,263 | +0.085% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,190.7 | 0.000% | $421.1M | $686.1M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0013% | 8h | 85,182 | −0.010% | $926.7M | $778.1M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,213.5 | +0.027% | $343K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,200.1 | +0.011% | $36.4M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0005% | 8h | 85,186.8 | −0.004% | $508.9M | $1.08B | 200x | as long as short |
| dYdX BTC-USD | +0.0014% | 1h | 85,231.4 | +0.048% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,203.1 | +0.015% | $185.6M | $954.6M | 100x | as long as short |
| BingX BTC-USDC | +0.0064% | 8h | 85,174.4 | −0.019% | — | $17.4M | — | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
BingX BTC-USDCShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,331 | +0.165% | $311K | $25.5M | 52x | as long as short |
| Bybit BTCUSDT | +0.0081% | 8h | 85,187 | −0.004% | $5.09B | $10.03B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0084% | 1h | 85,241.3 | +0.059% | $139.6M | $312.5M | 100x | as long as short |
| Nado BTC-PERP | +0.0090% | 1h | 85,190.9 | 0.000% | $24.0M | $220.8M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,201.4 | +0.013% | $168.4M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,199.1 | +0.010% | $23.6M | $148.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,203 | +0.015% | $8.4M | $57.7M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,184.6 | −0.007% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0097% | 8h | 85,188.6 | −0.002% | $2.97B | $5.21B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,172 | −0.022% | $268K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,240.2 | +0.058% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,274.9 | +0.099% | $3.75B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,216.7 | +0.031% | $40.3M | $604.7M | 50x | as long as short |
| Binance BTCUSDTlong | +0.0100% | 8h | 85,190.6 | long leg | $9.37B | $25.16B | 150x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,198 | +0.009% | $2.60B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,191 | 0.000% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,208.9 | +0.021% | $4.7M | $97.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,191.7 | +0.001% | $5.49B | $11.15B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,190.6 | 0.000% | $5.02B | $5.77B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,189.6 | −0.001% | $36.9M | $189.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,180.5 | −0.012% | $155.7M | $548.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,195.5 | +0.006% | $282.5M | $959.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,244.3 | +0.063% | $214.2M | $159.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,214 | +0.027% | $30.0M | $212.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,262.7 | +0.085% | — | $10.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,190 | −0.001% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,194 | +0.004% | $195K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,196.1 | +0.006% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 85,231.2 | +0.048% | $194K | $796K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,209.5 | +0.022% | $29.2M | $45.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,206 | +0.018% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,191 | 0.000% | $59.7M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,189.5 | −0.001% | $2.25B | $973.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,186.3 | −0.005% | $158.6M | $516.1M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,240 | +0.058% | $693.3M | $214.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,168.6 | −0.026% | $45.4M | $241.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,199.9 | +0.011% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,229.1 | +0.045% | $111.8M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0142% | 1h | 85,177.4 | −0.016% | $6.6M | $142.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0150% | 1h | 85,232.8 | +0.049% | $839.7M | $1.67B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0171% | 8h | 85,217 | +0.031% | $12.0M | $737.6M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,218.7 | +0.033% | $8.8M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0146% | 1h | 85,196.3 | +0.007% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,249.2 | +0.069% | $694K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0293% | 1h | 85,247.3 | +0.067% | $81K | $254K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,208.3 | +0.021% | $465K | $18.4M | 6.7x | as long as short |
Injective BTC/USDC PERP
Bybit BTCUSDT
ApeX Omni BTCUSDT
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
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
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC