Funding you earn now, next payment 01:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.176%
Price spread now: Ondo Perps against Bluefin−0.015%7-day average +0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.320%+$32 on $10k
+Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.015%, 7d avg +0.024%
=Together, before fees+0.363%+ Points / potential airdropOndo Perps: Active · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.039% cheaper against Bluefin than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.024%). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin BTC-PERP | 86,350.6 | 0.0007 | pay 0.0001% / 1h | 50m 38s | $140K | $663K | 40x |
| Short | Ondo Perps BTC-USD.P | 86,338 | 0.0100 | get 0.0013% / 1h | 50m 38s | $3.9M | $18.0M | 25x |
Bluefin BTC-PERP
Ondo Perps BTC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $19.48
- Price spread: −0.015% → +0.024%
- −$3.91
- Slippage, 4 orders
- no order book: not counted
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $3.58
- Costs to cover
- 0.120%
- Break-even
- 5.7 days
Slippage unknown: Bluefin: live order book, 24 min ago; Ondo Perps: 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 Bluefin live order book, 24 min ago | 1.72 bp | 5.9 bp −$6 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | −0.0129% | 1h | 86,441 | +0.105% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,297 | −0.062% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,304.6 | −0.053% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,324.8 | −0.030% | $461K | $22.1M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0003% | 1h | 86,307.1 | −0.050% | $16.9M | $20.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,351.4 | +0.001% | $36.9M | — | 200x | as long as short |
| Bluefin BTC-PERPlong | +0.0007% | 1h | 86,350.6 | long leg | $140K | $663K | 40x | |
| Aster BTCUSDT | +0.0014% | 8h | 86,312.4 | −0.044% | $500.5M | $1.15B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,616 | +0.307% | $333K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0030% | 8h | 86,321.4 | −0.034% | $829.8M | $722.9M | 125x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Injective BTC/USDC PERP
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0041% | 1h | 86,308.4 | −0.049% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDC | +0.0046% | 8h | 86,313.4 | −0.043% | — | $15.4M | — | as long as short |
| SoDEX BTC-USD | +0.0050% | 1h | 86,314 | −0.042% | $60.4M | $338.1M | 40x | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,345.8 | −0.006% | $8.3M | $42.9M | 25x | as long as short |
| Bitget BTCUSDT | +0.0060% | 8h | 86,332.7 | −0.021% | $2.97B | $5.09B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0062% | 1h | 86,356.4 | +0.007% | $903.3M | $1.51B | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0069% | 1h | 86,448.9 | +0.114% | $141.6M | $323.3M | 100x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,488.1 | +0.159% | $2.5M | $1.4M | 20x | as long as short |
| MEXC BTC_USDT | +0.0075% | 8h | 86,320.5 | −0.035% | $5.13B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0076% | 8h | 86,320.6 | −0.035% | $9.41B | $24.53B | 150x | as long as short |
| Gate BTC_USDT | +0.0077% | 8h | 86,339.8 | −0.013% | $5.83B | $10.48B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,335.4 | −0.018% | $170.0M | $981.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,330.6 | −0.023% | $23.7M | $148.7M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,431.6 | +0.094% | $216.9M | $167.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,293 | −0.067% | $8.4M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,303 | −0.055% | $207K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,356.8 | +0.007% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,278.9 | −0.083% | $22.1M | $232.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,389 | +0.044% | $3.79B | $5.04B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,353.8 | +0.004% | $40.7M | $540.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,327.9 | −0.026% | $5.26B | $9.75B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,340.9 | −0.011% | $2.56B | $12.63B | 100x | as long as short |
| Ondo Perps BTC-USD.Pshort | +0.0100% | 1h | 86,338 | −0.015% | $3.9M | $18.0M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 86,358.9 | +0.010% | $7.3M | $95.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,523.6 | +0.200% | $572.9M | $12.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,298.1 | −0.061% | $37.5M | $155.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,309.8 | −0.047% | $157.9M | $567.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,419.2 | +0.079% | $279.1M | $949.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,338 | −0.015% | $30.6M | $208.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,350.2 | 0.000% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,299 | −0.060% | $11.1M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,322 | −0.033% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,308.9 | −0.048% | $2.5M | $9.1M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,345.8 | −0.006% | $30.4M | $62.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,315.8 | −0.040% | $3.4M | $5.3M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,312.9 | −0.044% | $2.29B | $967.7M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,318 | −0.038% | $152.9M | $478.7M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,315.6 | −0.041% | $45.9M | $224.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,310.5 | −0.046% | — | $99.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,353.3 | +0.003% | $132.8M | $5.57B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,345.5 | −0.006% | $192.4M | $950.9M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0165% | 1h | 86,442 | +0.106% | $76K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,388.4 | +0.044% | $714K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0196% | 8h | 86,301 | −0.057% | $414.7M | $654.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0214% | 1h | 86,341.2 | −0.011% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 86,319 | −0.037% | $9.6M | $759.8M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
SoDEX BTC-USD
RISEx BTC/USDC
Bitget BTCUSDT
Deribit BTC-PERPETUAL
ApeX Omni BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
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
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP