Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.004%
Price spread now: BloFin against gTrade (Gains Network)+0.001%7-day average −0.018% · you sell dearer than you buy
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−$200.201% of the position
Funding, last 3 days (all we have)+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.001%, 7d avg −0.018%
=The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BTC/USD | 85,196.5 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 35m 16s | $36.4M | — | 200x |
| Short | BloFin BTC-USDT | 85,197.3 | −0.0023 | pay 0.0023% / 8h | 35m 16s | $420.3M | $682.3M | 150x |
gTrade (Gains Network) BTC/USD
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against gTrade (Gains Network). 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
- −$5.76
- Price spread: +0.001% → −0.018%
- $1.85
- Slippage, 4 orders
- −$1.05
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$23.97
- Costs to cover
- 0.201%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 9 min ago; BloFin: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 9 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,183 |
| Sell BloFin live order book, 4 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.3 bp −$633 | 6.9 bp −$3,459 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,200 | +0.004% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,354 | +0.185% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0024% | 8h | 85,189.9 | −0.008% | $928.0M | $776.8M | 125x | as long as short |
| BloFin BTC-USDTshort | −0.0023% | 8h | 85,197.3 | +0.001% | $420.3M | $682.3M | 150x | |
| Aster BTCUSDT | −0.0006% | 8h | 85,179 | −0.021% | $509.3M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,195.1 | −0.002% | $346K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 85,225.3 | +0.034% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USDlong | L +0.0004% / S −0.0004% | 1h | 85,196.5 | long leg | $36.4M | — | 200x | |
| ApeX Omni BTCUSDT | +0.0020% | 1h | 85,214.8 | +0.021% | $139.7M | $312.6M | 100x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,217.9 | +0.025% | $185.6M | $953.9M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
Aster BTCUSDT
01 Exchange BTCUSD
dYdX BTC-USD
ApeX Omni BTCUSDT
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0065% | 8h | 85,163.5 | −0.039% | — | $17.4M | — | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,210 | +0.016% | $338K | $24.7M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0069% | 1h | 85,233.6 | +0.044% | $840.8M | $1.66B | 50x | as long as short |
| Bybit BTCUSDT | +0.0081% | 8h | 85,175.5 | −0.025% | $5.12B | $10.00B | 150x | as long as short |
| Nado BTC-PERP | +0.0088% | 1h | 85,226.6 | +0.035% | $24.0M | $220.6M | 50x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,187.7 | −0.010% | $2.97B | $5.19B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,204.8 | +0.010% | $168.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,204.1 | +0.009% | $23.6M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,192 | −0.005% | $8.4M | $57.5M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,184 | −0.015% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,186.4 | −0.012% | $5.03B | $5.74B | 500x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,181.5 | −0.018% | $9.37B | $25.10B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,168 | −0.033% | $269K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,238.6 | +0.049% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,268 | +0.084% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,225.7 | +0.034% | $39.9M | $606.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,185.7 | −0.013% | $2.59B | $12.21B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,206 | +0.011% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,201.9 | +0.006% | $4.6M | $97.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,191.2 | −0.006% | $5.49B | $11.06B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,213.7 | +0.020% | $37.3M | $186.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,196.3 | 0.000% | $155.5M | $553.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,229.3 | +0.038% | $282.6M | $957.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,333.8 | +0.161% | $214.3M | $158.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,195.8 | −0.001% | $30.0M | $210.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,262.8 | +0.078% | — | $10.4M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,192 | −0.005% | $10.9M | $14.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,190.2 | −0.007% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,185.9 | −0.012% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,222.1 | +0.030% | $194K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,206.4 | +0.012% | $29.9M | $45.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,214.2 | +0.021% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,192 | −0.005% | $59.6M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,200 | +0.004% | $2.25B | $970.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,227.9 | +0.037% | $159.0M | $515.3M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,299.3 | +0.121% | $693.1M | $258.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,156.6 | −0.047% | $45.5M | $241.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,195.8 | −0.001% | — | $106.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,239 | +0.050% | $111.9M | $5.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0139% | 1h | 85,178.3 | −0.021% | $6.6M | $145.7M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0171% | 8h | 85,248 | +0.060% | $12.1M | $737.0M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,210.8 | +0.017% | $8.7M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,194.4 | −0.002% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,246.5 | +0.059% | $682K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0297% | 1h | 85,315.9 | +0.140% | $81K | $254K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,199.6 | +0.004% | $474K | $18.4M | 6.7x | as long as short |
BingX BTC-USDC
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
Bybit BTCUSDT
Nado BTC-PERP
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC