BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.025%

Price spread now: gTrade (Gains Network) against Hotstuff−0.031%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. gTrade (Gains Network) is 0.031% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 30 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BTC-PERP	85,241	−0.0080	get 0.0010% / 1h	18m 10s	$8K	$3K	50x
Short	gTrade (Gains Network) BTC/USD	85,214.5	L +0.0004% / S −0.0004%	get 0.0001% / 1h	18m 10s	$36.4M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Hotstuff. 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 HotstuffbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.031%Rate

Funding earned: $17.7
Price spread: −0.031% → 0.000%: −$3.11
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: $2.59
Costs to cover: 0.120%
Break-even: 6.0 days

Slippage unknown: Hotstuff: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 6 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 Hotstuff no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 6 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	4.5 bp −$447	6.4 bp −$3,183

Hotstuff: 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
Hotstuff BTC-PERPlong	−0.0080%	1h	85,241	long leg	$8K	$3K	50x
Phoenix BTC	−0.0034%	1h	85,189	−0.061%	$2.3M	$10.8M	40x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,240.6	0.000%	$422.4M	$686.2M	150x	as long as short
KuCoin XBTUSDTM	−0.0015%	8h	85,202.3	−0.045%	$926.9M	$778.1M	125x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,226.9	−0.017%	$343K	$2.3M	50x	as long as short
Aster BTCUSDT	+0.0001%	8h	85,212.3	−0.034%	$509.1M	$1.09B	200x	as long as short
gTrade (Gains Network) BTC/USDshort	L +0.0004% / S −0.0004%	1h	85,214.5	−0.031%	$36.4M	—	200x
dYdX BTC-USD	+0.0011%	1h	85,231.4	−0.011%	$16.7M	$21.0M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0026%	1h	85,232.5	−0.010%	$185.7M	$955.6M	100x	as long as short
ApeX Omni BTCUSDT	+0.0058%	1h	85,166	−0.088%	$139.5M	$312.5M	100x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0064%	8h	85,211.8	−0.034%	—	$1.58B	—	as long as short
Injective BTC/USDC PERP	+0.0067%	1h	85,181	−0.070%	$302K	$25.3M	52x	as long as short
Bybit BTCUSDT	+0.0080%	8h	85,206.5	−0.040%	$5.10B	$10.03B	150x	as long as short
Nado BTC-PERP	+0.0087%	1h	85,223.6	−0.020%	$24.1M	$220.9M	50x	as long as short
Lighter BTC	+0.0096%	1h	85,224.6	−0.019%	$168.3M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,224.9	−0.019%	$23.6M	$148.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,215	−0.031%	$8.4M	$57.7M	100x	as long as short
Bitget BTCUSDT	+0.0096%	8h	85,206.2	−0.041%	$2.97B	$5.21B	150x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,202.8	−0.045%	$2.4M	$6.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,197	−0.052%	$269K	$8.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,256.7	+0.018%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,296	+0.065%	$3.75B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,237.4	−0.004%	$40.3M	$604.7M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	85,215.7	−0.030%	$9.38B	$25.16B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,219.8	−0.025%	$2.60B	$12.27B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,239	−0.002%	$3.8M	$17.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,232	−0.011%	$4.7M	$97.5M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,210.2	−0.036%	$5.49B	$11.14B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	85,216.5	−0.029%	$5.02B	$5.77B	500x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,203.6	−0.044%	$36.9M	$189.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,136.5	−0.123%	$156.2M	$549.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,142.9	−0.115%	$282.3M	$957.0M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,165.4	−0.089%	$213.7M	$159.2M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,160.1	−0.095%	$30.0M	$212.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,276.9	+0.042%	—	$10.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,210	−0.036%	$10.9M	$15.0M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,215.8	−0.030%	$196K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,214.1	−0.032%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,244.2	+0.004%	$194K	$796K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,209.5	−0.037%	$29.2M	$45.3M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,176.7	−0.075%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,209	−0.038%	$59.7M	$336.6M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,209.5	−0.037%	$2.25B	$974.1M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,211.4	−0.035%	$158.8M	$516.2M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,240	−0.001%	$693.3M	$214.1M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,180.9	−0.070%	$45.4M	$241.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,215.2	−0.030%	—	$106.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,250.9	+0.012%	$111.7M	$5.48B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0138%	1h	85,254.2	+0.015%	$840.0M	$1.67B	50x	as long as short
Reya BTCRUSDPERP	+0.0142%	1h	85,197.7	−0.051%	$6.6M	$143.0M	40x	as long as short
Kalshi KXBTCPERP	+0.0171%	8h	85,243	+0.002%	$12.1M	$737.5M	6.4x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,244.8	+0.004%	$8.8M	$42.9M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0174% / S −0.0146%	1h	85,212.2	−0.034%	$13.0M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,273.5	+0.038%	$679K	$7.7M	30x	as long as short
Aftermath Perps BTCUSD	+0.0289%	1h	85,238	−0.003%	$81K	$254K	20x	as long as short
Perpl BTC	+0.0447%	43m	85,244.2	+0.004%	$459K	$18.4M	6.7x	as long as short