Funding you earn now, next payment 23:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.028%
Price spread now: BingX against Derive−0.031%7-day average −0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.031%, 7d avg −0.017%
=The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive BTC-PERP | 86,384.9 | 0.0100 | pay 0.0013% / 1h | 28m 01s | $30.0M | $61.6M | 15x |
| Short | BingX BTC-USDC | 86,357.9 | 0.0034 | get 0.0034% / 8h | 1h 28m | — | $15.3M | — |
Derive BTC-PERP
BingX BTC-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$13.86
- Price spread: −0.031% → −0.017%
- −$1.43
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$31.29
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; BingX: live order book, 10 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 BingX live order book, 10 min ago | 0.01 bp | 5.0 bp −$5 | 5.3 bp −$53 | 6.3 bp −$631 | 7.8 bp −$3,905 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0409% | 1h | 86,404.1 | +0.022% | $140K | $618K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,388 | +0.004% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,402 | +0.020% | $9K | $3K | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0068% | 1h | 86,483.6 | +0.114% | $83K | $216K | 20x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 86,354.4 | −0.035% | $504.0M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,435.7 | +0.059% | $358K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 86,363.1 | −0.025% | $850.5M | $710.9M | 125x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,430.9 | +0.053% | $423K | $23.8M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,392.9 | +0.009% | $921.2M | $1.48B | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 86,414.5 | +0.034% | $17.0M | $21.1M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
Aftermath Perps BTCUSD
Aster BTCUSDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
Perpl BTC
Deribit BTC-PERPETUAL
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,416.1 | +0.036% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,425 | +0.046% | $8.5M | $43.1M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,390.5 | +0.007% | $6.7M | $144.9M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.202% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0032% | 8h | 86,367.1 | −0.021% | $149.1M | $476.1M | 150x | as long as short |
| BingX BTC-USDCshort | +0.0034% | 8h | 86,357.9 | −0.031% | — | $15.3M | — | |
| Bitget BTCUSDT | +0.0043% | 8h | 86,356.9 | −0.032% | $2.94B | $5.09B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,371.9 | −0.015% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,364.2 | −0.024% | $5.12B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,357.2 | −0.032% | $9.40B | $24.38B | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0064% | 1h | 86,437.5 | +0.061% | $716K | $8.2M | 30x | as long as short |
| Gate BTC_USDT | +0.0075% | 8h | 86,359.4 | −0.029% | $5.85B | $10.69B | 200x | as long as short |
| Bybit BTCUSDT | +0.0090% | 8h | 86,359.4 | −0.029% | $5.25B | $9.75B | 150x | as long as short |
| SoDEX BTC-USD | +0.0096% | 1h | 86,370 | −0.017% | $60.4M | $337.2M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,375.2 | −0.011% | $170.7M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,385.9 | +0.001% | $24.0M | $152.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,428 | +0.050% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,406 | +0.024% | $203K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,455.4 | +0.082% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,415 | +0.035% | $21.9M | $234.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,428 | +0.050% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,450.3 | +0.076% | $40.8M | $513.3M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,356.7 | −0.033% | $2.53B | $12.71B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,437 | +0.060% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,491.7 | +0.124% | $7.4M | $94.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,343.9 | −0.047% | $570.6M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,359.8 | −0.029% | $37.9M | $154.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,435.6 | +0.059% | $155.8M | $566.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,500.3 | +0.134% | $279.4M | $945.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,437.8 | +0.061% | $216.9M | $174.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,518.6 | +0.155% | $141.4M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,375.7 | −0.011% | $30.7M | $203.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,442.6 | +0.067% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,408 | +0.027% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,398.4 | +0.016% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,396 | +0.013% | $2.4M | $8.6M | 100x | as long as short |
| Derive BTC-PERPlong | +0.0100% | 1h | 86,384.9 | long leg | $30.0M | $61.6M | 15x | |
| SunX BTC-USDT | +0.0100% | 8h | 86,424.4 | +0.046% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,365.5 | −0.022% | $2.29B | $967.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,371.6 | −0.015% | $45.7M | $226.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,431.7 | +0.054% | — | $98.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,406.4 | +0.025% | $132.0M | $5.69B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,383.3 | −0.002% | $191.3M | $943.0M | 100x | as long as short |
| BloFin BTC-USDT | +0.0180% | 8h | 86,415 | +0.035% | $414.6M | $653.3M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0183% / S −0.0211% | 1h | 86,410.5 | +0.030% | $15.3M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0195% | 8h | 86,434 | +0.057% | $9.7M | $731.0M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Hibachi BTC/USDT-P
Gate BTC_USDT
Bybit BTCUSDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex 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
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
Bullet BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP