Funding you earn now, next payment 23:29 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.043%
Price spread now: Perpl against Bullet+0.005%7-day average +0.011% · 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)+0.065%+$6 on $10k
+Price spread, last 7 days+0.100%+$10 · spread now +0.005%, 7d avg +0.011%
=Together, before fees+0.165%+ Points / potential airdropPerpl: Active · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.065%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet BTC-USD | 86,386.7 | 0.0100 | pay 0.0013% / 1h | 24m 35s | $189K | $3.3M | 20x |
| Short | Perpl BTC | 86,390.9 | 0 | get 0.0000% / 43m | 20m 35s | $415K | $23.1M | 6.7x |
Bullet BTC-USD
Perpl BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$21
- Price spread: +0.005% → +0.011%
- −$0.56
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$43.36
- Costs to cover
- 0.218%
- Break-even
- never at this rate
Slippage unknown: Bullet: live order book, 5 min ago; Perpl: 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, 5 min ago | 0.12 bp | 4.8 bp −$5 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | −0.0118% | 1h | 86,430 | +0.050% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,384 | −0.003% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.210% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,380.6 | −0.007% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,396.8 | +0.012% | $359K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0001% | 8h | 86,400.4 | +0.016% | $501.3M | $1.15B | 200x | as long as short |
| Perpl BTCshort | 0.0000% | 43m | 86,390.9 | +0.005% | $415K | $23.1M | 6.7x | |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,406.9 | +0.023% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0017% | 8h | 86,399.2 | +0.014% | $849.7M | $715.7M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0032% | 1h | 86,387.9 | +0.001% | $6.7M | $145.5M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit BTC-PERPETUAL | +0.0040% | 1h | 86,456.9 | +0.081% | $914.5M | $1.48B | 50x | as long as short |
| BingX BTC-USDC | +0.0042% | 8h | 86,358.1 | −0.033% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,366.4 | −0.023% | $2.96B | $5.13B | 150x | as long as short |
| Phemex BTCUSDT | +0.0052% | 8h | 86,418.4 | +0.037% | $150.6M | $478.3M | 150x | as long as short |
| dYdX BTC-USD | +0.0062% | 1h | 86,399.5 | +0.015% | $16.9M | $21.2M | 50x | as long as short |
| MEXC BTC_USDT | +0.0068% | 8h | 86,416.7 | +0.035% | $5.16B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0069% | 8h | 86,381.6 | −0.006% | $9.42B | $24.58B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,409.5 | +0.026% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0080% | 8h | 86,369.5 | −0.020% | $5.85B | $10.77B | 200x | as long as short |
| SoDEX BTC-USD | +0.0087% | 1h | 86,416 | +0.034% | $60.3M | $338.0M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,406.7 | +0.023% | $170.4M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,400.1 | +0.016% | $23.9M | $152.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,378 | −0.010% | $8.4M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0097% | 8h | 86,374.1 | −0.015% | $5.25B | $9.81B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,356 | −0.036% | $199K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,421.2 | +0.040% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,391.8 | +0.006% | $22.0M | $234.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,473.3 | +0.100% | $3.79B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,415.4 | +0.033% | $41.0M | $529.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,379.2 | −0.009% | $2.55B | $12.72B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,395 | +0.010% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,416.3 | +0.034% | $7.5M | $95.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,415.3 | +0.033% | $38.1M | $155.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,405.8 | +0.022% | $157.3M | $568.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,448.6 | +0.072% | $279.2M | $945.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,418.1 | +0.036% | $217.0M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,461.9 | +0.087% | $141.4M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,411 | +0.028% | $30.6M | $205.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,433.5 | +0.054% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,385 | −0.002% | $11.1M | $13.9M | 50x | as long as short |
| Bullet BTC-USDlong | +0.0100% | 1h | 86,386.7 | long leg | $189K | $3.3M | 20x | |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,411.7 | +0.029% | $2.4M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,422.3 | +0.041% | $140K | $664K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,447.4 | +0.070% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,378.3 | −0.010% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,392.9 | +0.007% | $2.29B | $969.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,464.9 | +0.091% | $572.1M | $16.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,354.7 | −0.037% | $45.6M | $227.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,408 | +0.025% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,456.6 | +0.081% | $192.2M | $954.6M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,471.6 | +0.098% | $132.4M | $5.65B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0150% | 1h | 86,473.3 | +0.100% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,443.5 | +0.066% | $727K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0189% | 8h | 86,399.8 | +0.015% | $416.8M | $658.1M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0196% / S −0.0219% | 1h | 86,401.8 | +0.017% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0207% | 8h | 86,423 | +0.042% | $9.8M | $748.0M | 6.4x | as long as short |
Deribit BTC-PERPETUAL
BingX BTC-USDC
Bitget BTCUSDT
Phemex BTCUSDT
dYdX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus 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
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP