Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.152%
Price spread now: Bluefin against Extended+0.121%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$170.170% of the position
Funding, last 7 days−0.324%−$32 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.121%, 7d avg +0.015%
=Together, before fees−0.451%+ Points / potential airdropExtended: Active · farm board−$45 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.106% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTC-USD | 85,284.5 | 0.0104 | pay 0.0013% / 1h | 49m 48s | $44.6M | $240.7M | 50x |
| Short | Bluefin BTC-PERP | 85,387.7 | 0.0100 | get 0.0013% / 1h | 49m 48s | $194K | $795K | 40x |
Extended BTC-USD
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Extended. 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: +0.121% → +0.015%
- $10.59
- Slippage, 4 orders
- −$4.99
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$7.23
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Bluefin: live order book, 59 min ago.
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 Extended live order book, 4 min ago | 0.06 bp | 2.6 bp −$3 | 3.2 bp −$32 | 4.5 bp −$452 | 10.3 bp −$5,173 |
| Sell Bluefin live order book, 59 min ago | 1.33 bp | 5.4 bp −$5 | 9.9 bp −$99 | doesn't fit | doesn't fit |
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 | −0.0082% | 1h | 85,346 | +0.072% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,309 | +0.029% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0048% | 8h | 85,324.8 | +0.047% | $926.0M | $772.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0024% | 8h | 85,319.2 | +0.041% | $421.0M | $683.6M | 150x | as long as short |
| Aster BTCUSDT | −0.0010% | 8h | 85,296.9 | +0.015% | $512.7M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,343.9 | +0.070% | $16.7M | $21.5M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,336.9 | +0.061% | $526K | $18.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,362.2 | +0.091% | $36.5M | — | 200x | as long as short |
| 01 Exchange BTCUSD | +0.0008% | 1h | 85,345.6 | +0.072% | $354K | $2.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0025% | 1h | 85,333.8 | +0.058% | $139.5M | $314.5M | 100x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
01 Exchange BTCUSD
ApeX Omni BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0042% | 1h | 85,285 | 0.000% | $24.5M | $222.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,405 | +0.141% | $339K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0070% | 8h | 85,312.3 | +0.033% | — | $1.56B | — | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,301.5 | +0.020% | $2.95B | $5.18B | 150x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,364.5 | +0.094% | $187.1M | $956.1M | 100x | as long as short |
| Phemex BTCUSDT | +0.0091% | 8h | 85,361.1 | +0.090% | $149.9M | $508.7M | 150x | as long as short |
| MEXC BTC_USDT | +0.0095% | 8h | 85,297.9 | +0.016% | $4.99B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0096% | 8h | 85,300.7 | +0.019% | $9.42B | $24.98B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,311 | +0.031% | $170.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,309.7 | +0.030% | $23.6M | $147.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,350 | +0.077% | $8.3M | $56.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,343.4 | +0.069% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,316 | +0.037% | $238K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,361.4 | +0.090% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,390 | +0.124% | $3.74B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,333 | +0.057% | $39.9M | $602.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,298.5 | +0.016% | $5.14B | $9.99B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,300 | +0.018% | $2.59B | $12.24B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,350 | +0.077% | $3.8M | $17.2M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,353 | +0.080% | $4.6M | $98.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,312.7 | +0.033% | $5.50B | $10.96B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,341.4 | +0.067% | $36.7M | $179.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,300.3 | +0.018% | $155.0M | $558.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,312.4 | +0.033% | $279.5M | $951.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,303.8 | +0.023% | $214.1M | $167.2M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,338.5 | +0.063% | $30.1M | $205.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,406.5 | +0.143% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,350 | +0.077% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,361 | +0.090% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,351 | +0.078% | $2.6M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 85,387.7 | +0.121% | $194K | $795K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,328.4 | +0.051% | $30.0M | $47.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,323 | +0.045% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,350 | +0.077% | $59.7M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,344.9 | +0.071% | $2.26B | $968.7M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,294.8 | +0.012% | $682.6M | $475.0M | 40x | as long as short |
| Extended BTC-USDlong | +0.0104% | 1h | 85,284.5 | long leg | $44.6M | $240.7M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,340.1 | +0.065% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,391.9 | +0.126% | $116.8M | $5.46B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0123% | 1h | 85,352.8 | +0.080% | $6.6M | $147.6M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0136% | 1h | 85,391.5 | +0.125% | $865.8M | $1.63B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0152% | 1h | 85,358.1 | +0.086% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,370.6 | +0.101% | $8.7M | $43.2M | 25x | as long as short |
| Kalshi KXBTCPERP | +0.0196% | 8h | 85,368 | +0.098% | $11.6M | $742.9M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,327.4 | +0.050% | $689K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0249% | 1h | 85,363.9 | +0.093% | $79K | $229K | 20x | as long as short |
Nado BTC-PERP
Injective BTC/USDC PERP
BingX BTC-USDT
Bitget BTCUSDT
Kraken Futures PF_XBTUSD
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD