BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.002%

Price spread now: RISEx against Extended−0.016%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$110.115% of the position

Long on Extended Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.016%, 7d avg +0.045%

Together, before fees+0.044%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.060% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BTC-USD	86,565.7	0.0104	pay 0.0013% / 1h	46m 14s	$46.4M	$224.9M	50x
Short	RISEx BTC/USDC	86,552.1	0.0006	get 0.0001% / 1h	46m 14s	$8.6M	$43.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee RISExbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$20.54
Price spread: −0.016% → +0.045%: −$6.04
Slippage, 4 orders: −$0.5
Fee Extended: 2.5 bp × 2 orders: −$5
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$38.07
Costs to cover: 0.115%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; RISEx: live order book, 3 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, 3 min ago	0.06 bp	2.6 bp −$3	2.6 bp −$26	2.6 bp −$263	8.0 bp −$4,013
Sell RISEx live order book, 3 min ago	0.01 bp	3.4 bp −$3	5.9 bp −$59	12.1 bp −$1,209	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
Bluefin BTC-PERP	−0.1588%	1h	86,597.6	+0.037%	$140K	$618K	40x	as long as short
Aftermath Perps BTCUSD	−0.0185%	1h	86,578.5	+0.015%	$79K	$199K	20x	as long as short
Phoenix BTC	−0.0159%	1h	86,518	−0.055%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,570	+0.005%	$9K	$3K	50x	as long as short
dYdX BTC-USD	−0.0017%	1h	86,587.1	+0.025%	$17.5M	$20.3M	50x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	86,570.8	+0.006%	$359K	$2.4M	50x	as long as short
Aster BTCUSDT	−0.0007%	8h	86,569.5	+0.004%	$505.4M	$1.15B	200x	as long as short
Perpl BTC	0.0000%	43m	86,570.3	+0.005%	$419K	$24.1M	6.7x	as long as short
KuCoin XBTUSDTM	+0.0002%	8h	86,548.5	−0.020%	$851.7M	$708.5M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,586.8	+0.024%	$36.8M	—	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDCshort	+0.0006%	1h	86,552.1	−0.016%	$8.6M	$43.2M	25x
Reya BTCRUSDPERP	+0.0022%	1h	86,549.8	−0.018%	$6.7M	$144.7M	40x	as long as short
Injective BTC/USDC PERP	+0.0024%	1h	86,559	−0.008%	$315K	$26.8M	52x	as long as short
Hibachi BTC/USDT-P	+0.0024%	1h	86,569.5	+0.004%	$733K	$8.1M	30x	as long as short
Phemex BTCUSDT	+0.0024%	8h	86,583.5	+0.021%	$149.7M	$473.0M	150x	as long as short
BingX BTC-USDT	+0.0031%	8h	86,569.7	+0.005%	—	$1.59B	—	as long as short
Bitget BTCUSDT	+0.0040%	8h	86,576.6	+0.013%	$2.95B	$5.07B	150x	as long as short
Aevo BTC-PERP	+0.0056%	1h	86,574.8	+0.011%	$2.4M	$1.3M	20x	as long as short
MEXC BTC_USDT	+0.0058%	8h	86,561.2	−0.005%	$5.19B	$5.62B	500x	as long as short
Binance BTCUSDT	+0.0059%	8h	86,576.2	+0.012%	$9.42B	$24.33B	150x	as long as short
Gate BTC_USDT	+0.0083%	8h	86,559	−0.008%	$5.85B	$10.63B	200x	as long as short
SoDEX BTC-USD	+0.0086%	1h	86,583	+0.020%	$60.5M	$336.8M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0088%	1h	86,625.2	+0.069%	$925.1M	$1.47B	50x	as long as short
Bybit BTCUSDT	+0.0088%	8h	86,578.4	+0.015%	$5.27B	$9.70B	150x	as long as short
Nado BTC-PERP	+0.0096%	1h	86,563.1	−0.003%	$21.8M	$233.6M	50x	as long as short
Lighter BTC	+0.0096%	1h	86,586.2	+0.024%	$172.3M	$998.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,600.1	+0.040%	$24.0M	$151.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,546	−0.023%	$8.5M	$52.2M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,534	−0.037%	$206K	$6.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,586.7	+0.024%	$4.7M	$8.3M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,627	+0.071%	$3.81B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,580.6	+0.017%	$40.9M	$504.7M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,583	+0.020%	$2.55B	$12.69B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,559	−0.008%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,618.1	+0.061%	$7.4M	$93.9M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,527.4	−0.044%	$571.7M	$19.3M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,548.8	−0.019%	$38.3M	$152.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,521.5	−0.051%	$156.7M	$571.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,522.6	−0.050%	$279.4M	$942.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,535.2	−0.035%	$217.1M	$182.2M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,530.4	−0.041%	$141.4M	$322.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,567.6	+0.002%	$30.7M	$202.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,597.8	+0.037%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,548	−0.020%	$11.1M	$13.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,566.3	+0.001%	$194K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,584.8	+0.022%	$2.4M	$8.6M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,575.2	+0.011%	$30.0M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,570.5	+0.006%	$3.4M	$5.4M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,540.8	−0.029%	$2.30B	$958.7M	200x	as long as short
Extended BTC-USDlong	+0.0104%	1h	86,565.7	long leg	$46.4M	$224.9M	50x
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,584	+0.021%	—	$98.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,629.9	+0.074%	$132.0M	$5.74B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,620.2	+0.063%	$191.4M	$936.8M	100x	as long as short
BloFin BTC-USDT	+0.0178%	8h	86,540.3	−0.029%	$415.3M	$653.8M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0180% / S −0.0208%	1h	86,578.4	+0.015%	$15.1M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0189%	8h	86,590	+0.028%	$9.6M	$726.1M	6.4x	as long as short