Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.017%
Price spread now: Aevo against Derive−0.003%7-day average −0.015% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.003%, 7d avg −0.015%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive BTC-PERP | 85,586.5 | 0.0100 | pay 0.0013% / 1h | 50m 03s | $30.0M | $50.1M | 15x |
| Short | Aevo BTC-PERP | 85,583.9 | 0.0096 | get 0.0012% / 1h | 50m 03s | $2.5M | $1.7M | 20x |
Derive BTC-PERP
Aevo BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Derive. 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: −0.003% → −0.015%
- $1.21
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$21.63
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Aevo: live order book, 4 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Aevo live order book, 4 min ago | 3.36 bp | 11.9 bp −$12 | 15.5 bp −$155 | doesn't fit | doesn't fit |
Derive: 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 | −0.0140% | 1h | 85,690 | +0.121% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,637 | +0.059% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0037% | 8h | 85,596.4 | +0.012% | $917.1M | $756.1M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,606.8 | +0.024% | $417.7M | $675.3M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,605.5 | +0.022% | $366K | $2.3M | 50x | as long as short |
| Nado BTC-PERP | 0.0000% | 1h | 85,586.9 | 0.000% | $24.8M | $222.7M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,625.7 | +0.046% | $16.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,607.8 | +0.025% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 85,592.5 | +0.007% | $515.5M | $1.10B | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0031% | 1h | 85,627 | +0.047% | $884.7M | $1.59B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Nado BTC-PERP
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,690 | +0.121% | $340K | $26.9M | 52x | as long as short |
| BingX BTC-USDC | +0.0063% | 8h | 85,593.9 | +0.009% | — | $17.2M | — | as long as short |
| Phemex BTCUSDT | +0.0071% | 8h | 85,605 | +0.022% | $148.7M | $490.5M | 150x | as long as short |
| SoDEX BTC-USD | +0.0078% | 1h | 85,593 | +0.008% | $60.0M | $336.0M | 40x | as long as short |
| Bitget BTCUSDT | +0.0081% | 8h | 85,600.7 | +0.017% | $2.96B | $5.10B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0091% | 1h | 85,592.6 | +0.007% | $6.6M | $146.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,619.8 | +0.039% | $172.1M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,611.6 | +0.029% | $23.9M | $147.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,594 | +0.009% | $8.7M | $54.2M | 100x | as long as short |
| Aevo BTC-PERPshort | +0.0096% | 1h | 85,583.9 | −0.003% | $2.5M | $1.7M | 20x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,567 | −0.023% | $201K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,673.6 | +0.102% | $5.6M | $9.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,631.7 | +0.053% | $40.5M | $582.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,601.3 | +0.017% | $9.41B | $24.31B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,596.6 | +0.012% | $5.19B | $9.84B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,605.3 | +0.022% | $2.59B | $12.16B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,586 | −0.001% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,588.7 | +0.003% | $4.4M | $98.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,613.1 | +0.031% | $5.54B | $10.76B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,600.9 | +0.017% | $5.07B | $5.63B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,592.2 | +0.007% | $35.9M | $176.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,614 | +0.032% | $153.6M | $564.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,619.2 | +0.038% | $279.6M | $925.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,677.6 | +0.106% | $215.0M | $168.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,670.8 | +0.099% | $140.1M | $315.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,680 | +0.109% | $30.3M | $208.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,661.3 | +0.087% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,598 | +0.013% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,596 | +0.011% | $196K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,589 | +0.003% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,641.1 | +0.064% | $207K | $739K | 40x | as long as short |
| Derive BTC-PERPlong | +0.0100% | 1h | 85,586.5 | long leg | $30.0M | $50.1M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 85,578.7 | −0.009% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,594.7 | +0.010% | $2.27B | $946.4M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,665.1 | +0.092% | $677.0M | $718.2M | 40x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,689 | +0.120% | $3.79B | $5.01B | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,573.5 | −0.015% | $44.8M | $231.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,612.1 | +0.030% | — | $107.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,625 | +0.045% | $117.2M | $5.22B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,613.5 | +0.031% | $188.1M | $956.6M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,631.1 | +0.052% | $8.9M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0177% | 1h | 85,604 | +0.021% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0231% | 8h | 85,631 | +0.052% | $12.0M | $757.2M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0232% | 1h | 85,639.7 | +0.062% | $79K | $220K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0256% | 1h | 85,664 | +0.091% | $701K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,608.3 | +0.025% | $505K | $18.8M | 6.7x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDC
Phemex BTCUSDT
SoDEX BTC-USD
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
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
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Hyperliquid BTC
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC