Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.169%
Price spread now: Extended against Bluefin−0.089%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$200.205% of the position
Funding, last 7 days+0.325%+$33 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.089%, 7d avg −0.015%
=Together, before fees+0.432%+ Points / potential airdropExtended: Active · farm board+$43 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.074% cheaper against Bluefin than usual: you would sell low and buy high, −$7 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 | Bluefin BTC-PERP | 85,507.1 | 0.0100 | pay 0.0013% / 1h | 22m 05s | $206K | $738K | 40x |
| Short | Extended BTC-USD | 85,431 | 0.0104 | get 0.0013% / 1h | 22m 05s | $45.3M | $233.8M | 50x |
Bluefin BTC-PERP
Extended BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bluefin. 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
- $0.84
- Price spread: −0.089% → −0.015%
- −$7.44
- Slippage, 4 orders
- −$8.48
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$27.09
- Costs to cover
- 0.205%
- Break-even
- 232.7 days
Slippage from Bluefin: live order book, 32 min ago; Extended: live order book, 2 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 Bluefin live order book, 32 min ago | 1.83 bp | 6.7 bp −$7 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 2.8 bp −$278 | 8.2 bp −$4,079 |
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 | −0.0140% | 1h | 85,490 | −0.020% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,444 | −0.074% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0043% | 8h | 85,449.7 | −0.067% | $918.4M | $757.6M | 125x | as long as short |
| BloFin BTC-USDT | −0.0024% | 8h | 85,438.7 | −0.080% | $419.0M | $675.3M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,441.7 | −0.076% | $365K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,448.4 | −0.069% | $514.6M | $1.10B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,467.1 | −0.047% | $504K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0003% | 1h | 85,433.8 | −0.086% | $24.5M | $223.1M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,475.8 | −0.037% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0035% | 1h | 85,485.8 | −0.025% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,514 | +0.008% | $339K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0056% | 1h | 85,457 | −0.059% | $59.9M | $336.0M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0062% | 1h | 85,498.6 | −0.010% | $884.7M | $1.59B | 50x | as long as short |
| BingX BTC-USDT | +0.0064% | 8h | 85,454.7 | −0.061% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0072% | 8h | 85,461 | −0.054% | $148.4M | $495.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,459.9 | −0.055% | $2.95B | $5.11B | 150x | as long as short |
| MEXC BTC_USDT | +0.0095% | 8h | 85,456.4 | −0.059% | $5.07B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0096% | 8h | 85,454.8 | −0.061% | $9.43B | $24.43B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,471.9 | −0.041% | $172.3M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,467.4 | −0.046% | $23.9M | $148.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,426 | −0.095% | $8.4M | $55.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,447.3 | −0.070% | $2.7M | $2.0M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,419 | −0.103% | $226K | $8.3M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,491.2 | −0.019% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,536 | +0.034% | $3.78B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,473.2 | −0.040% | $40.1M | $588.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,448.7 | −0.068% | $5.18B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,462.5 | −0.052% | $2.59B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,432 | −0.088% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,437.4 | −0.082% | $4.7M | $99.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,455.9 | −0.060% | $5.53B | $10.82B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,452.7 | −0.064% | $36.0M | $178.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,453 | −0.063% | $154.1M | $565.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,480.4 | −0.031% | $279.2M | $928.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,439.6 | −0.079% | $214.7M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,498.2 | −0.010% | $139.9M | $315.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,468.5 | −0.045% | $30.2M | $207.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,502.6 | −0.005% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,460 | −0.055% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,456.5 | −0.059% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,453.5 | −0.063% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERPlong | +0.0100% | 1h | 85,507.1 | long leg | $206K | $738K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,446.7 | −0.071% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,437.5 | −0.081% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,449.9 | −0.067% | $2.26B | $949.0M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,447 | −0.070% | $679.5M | $701.9M | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0101% | 1h | 85,457.3 | −0.058% | $6.6M | $147.1M | 40x | as long as short |
| Extended BTC-USDshort | +0.0104% | 1h | 85,431 | −0.089% | $45.3M | $233.8M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,457.6 | −0.058% | — | $106.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,490 | −0.020% | $117.3M | $5.25B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,474.5 | −0.038% | $187.7M | $956.1M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0171% | 8h | 85,476 | −0.036% | $11.5M | $754.1M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,460.5 | −0.054% | $8.6M | $43.0M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0149% | 1h | 85,472.6 | −0.040% | $13.1M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,483.6 | −0.027% | $696K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0255% | 1h | 85,496.5 | −0.012% | $78K | $222K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
Deribit BTC-PERPETUAL
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Reya BTCRUSDPERP
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD