Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.052%
Price spread now: Hotstuff against Bullet+0.001%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet BTC-USD | 86,679 | 0.0100 | pay 0.0013% / 1h | 10m 11s | $197K | $3.4M | 20x |
| Short | Hotstuff BTC-PERP | 86,680 | −0.0080 | pay 0.0010% / 1h | 10m 11s | $9K | $3K | 50x |
Bullet BTC-USD
Hotstuff BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Bullet. 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
- −$37.8
- Price spread: +0.001% → 0.000%
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$50.68
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Bullet: live order book, 4 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 Bullet live order book, 4 min ago | 0.23 bp | 4.3 bp −$4 | 7.0 bp −$70 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0247% | 1h | 86,720.5 | +0.048% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,692.3 | +0.015% | $425K | $24.6M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,676 | −0.003% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERPshort | −0.0080% | 1h | 86,680 | +0.001% | $9K | $3K | 50x | |
| dYdX BTC-USD | −0.0062% | 1h | 86,692.6 | +0.016% | $17.6M | $20.6M | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,699.9 | +0.024% | $361K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,661.6 | −0.020% | $928.3M | $1.47B | 50x | as long as short |
| Aster BTCUSDT | +0.0002% | 8h | 86,657.3 | −0.025% | $506.0M | $1.16B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,699.7 | +0.024% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0006% | 8h | 86,622 | −0.066% | $851.1M | $708.3M | 125x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
dYdX BTC-USD
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,664.7 | −0.016% | $6.7M | $144.5M | 40x | as long as short |
| Phemex BTCUSDT | +0.0029% | 8h | 86,644.9 | −0.039% | $150.1M | $471.8M | 150x | as long as short |
| BingX BTC-USDT | +0.0029% | 8h | 86,625.7 | −0.061% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0036% | 8h | 86,621.6 | −0.066% | $2.96B | $5.09B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,770 | +0.105% | $316K | $26.8M | 52x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,627.7 | −0.059% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,628.1 | −0.059% | $5.19B | $5.72B | 500x | as long as short |
| Binance BTCUSDT | +0.0059% | 8h | 86,628 | −0.059% | $9.43B | $24.37B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,687.2 | +0.009% | $9.3M | $41.9M | 25x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,669.1 | −0.011% | $5.85B | $10.70B | 200x | as long as short |
| Bybit BTCUSDT | +0.0084% | 8h | 86,623.5 | −0.064% | $5.28B | $9.73B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0092% | 8h | 86,630 | −0.057% | $2.56B | $12.73B | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,638.6 | −0.047% | $171.8M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,646.8 | −0.037% | $24.1M | $154.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,672 | −0.008% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,664 | −0.017% | $201K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,728.3 | +0.057% | $4.8M | $8.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,668.3 | −0.012% | $21.7M | $235.3M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,749 | +0.081% | $3.82B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,712.3 | +0.038% | $41.0M | $494.9M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,662 | −0.020% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,749.1 | +0.081% | $7.4M | $94.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,682.4 | +0.004% | $572.6M | $21.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,623.9 | −0.064% | $38.2M | $149.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,672.4 | −0.008% | $160.1M | $567.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,761.4 | +0.095% | $280.3M | $953.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,716 | +0.043% | $217.6M | $186.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,754.9 | +0.088% | $141.6M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,723.6 | +0.051% | $30.8M | $203.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,733 | +0.062% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,674 | −0.006% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USDlong | +0.0100% | 1h | 86,679 | long leg | $197K | $3.4M | 20x | |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,662.4 | −0.019% | $2.4M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,678.1 | −0.001% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,696.2 | +0.020% | $30.0M | $61.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,675.1 | −0.004% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,628 | −0.059% | $60.5M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,662.8 | −0.019% | $2.30B | $959.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,618.7 | −0.070% | $46.4M | $226.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,704.8 | +0.030% | — | $98.8M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,656.9 | −0.025% | $187.4M | $934.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,678.7 | 0.000% | $131.8M | $5.83B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0167% | 8h | 86,697 | +0.021% | $9.5M | $727.7M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0180% | 8h | 86,682.4 | +0.004% | $416.7M | $655.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0209% | 1h | 86,692.9 | +0.016% | $15.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 86,711.1 | +0.037% | $780K | $7.8M | 30x | as long as short |
Reya BTCRUSDPERP
Phemex BTCUSDT
BingX BTC-USDT
Bitget BTCUSDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P