Funding you earn now, next payment 23:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.051%
Price spread now: RISEx against Hotstuff+0.015%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BTC-PERP | 86,529 | −0.0080 | get 0.0010% / 1h | 48m 54s | $9K | $3K | 50x |
| Short | RISEx BTC/USDC | 86,541.7 | 0.0006 | get 0.0001% / 1h | 48m 54s | $8.6M | $43.3M | 25x |
Hotstuff BTC-PERP
RISEx BTC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Hotstuff. 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
- $18.1
- Price spread: +0.015% → 0.000%
- $1.47
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $8.58
- Costs to cover
- 0.110%
- Break-even
- 3.7 days
Slippage unknown: Hotstuff: no order-book sample; RISEx: live order book, 5 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 RISEx live order book, 5 min ago | 0.01 bp | 3.5 bp −$3 | 3.5 bp −$35 | 11.4 bp −$1,141 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0196% | 1h | 86,588.8 | +0.069% | $79K | $199K | 20x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,601 | +0.083% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 86,529 | long leg | $9K | $3K | 50x | |
| dYdX BTC-USD | −0.0023% | 1h | 86,590.3 | +0.071% | $17.6M | $20.2M | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,552.8 | +0.028% | $359K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0007% | 8h | 86,515.6 | −0.015% | $505.1M | $1.15B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,550.1 | +0.024% | $420K | $24.1M | 6.7x | as long as short |
| KuCoin XBTUSDTM | +0.0003% | 8h | 86,516.9 | −0.014% | $850.6M | $709.3M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,559 | +0.035% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDCshort | +0.0006% | 1h | 86,541.7 | +0.015% | $8.6M | $43.3M | 25x |
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi BTC/USDT-P | +0.0016% | 1h | 86,573.2 | +0.051% | $731K | $8.1M | 30x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,522.9 | −0.007% | $6.7M | $144.7M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.035% | $315K | $26.8M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0025% | 1h | 86,582 | +0.061% | $925.7M | $1.47B | 50x | as long as short |
| Phemex BTCUSDT | +0.0026% | 8h | 86,543.5 | +0.017% | $149.8M | $472.7M | 150x | as long as short |
| BingX BTC-USDC | +0.0030% | 8h | 86,515.8 | −0.015% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0039% | 8h | 86,531.2 | +0.003% | $2.95B | $5.08B | 150x | as long as short |
| SoDEX BTC-USD | +0.0055% | 1h | 86,543 | +0.016% | $60.5M | $336.8M | 40x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,524.1 | −0.006% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0058% | 8h | 86,529.8 | +0.001% | $5.19B | $5.62B | 500x | as long as short |
| Binance BTCUSDT | +0.0059% | 8h | 86,529.7 | +0.001% | $9.42B | $24.36B | 150x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,521 | −0.009% | $5.85B | $10.62B | 200x | as long as short |
| Popdex BTCUSDT | +0.0088% | 1h | 86,530 | +0.001% | $8.5M | $52.3M | 100x | as long as short |
| Bybit BTCUSDT | +0.0088% | 8h | 86,512.3 | −0.019% | $5.27B | $9.72B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,558.1 | +0.034% | $172.3M | $998.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,567 | +0.044% | $24.0M | $151.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0098% | 1h | 86,533.1 | +0.005% | $21.7M | $233.7M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,518 | −0.013% | $204K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,564.1 | +0.041% | $4.7M | $8.3M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,621 | +0.106% | $3.81B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,569.1 | +0.046% | $40.9M | $504.7M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,518.4 | −0.012% | $2.55B | $12.71B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,534 | +0.006% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,607 | +0.090% | $7.4M | $93.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,527.4 | −0.002% | $571.7M | $19.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,548.8 | +0.023% | $38.2M | $153.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,521.5 | −0.009% | $156.7M | $571.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,522.6 | −0.007% | $279.4M | $942.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,535.2 | +0.007% | $217.1M | $182.2M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,588.3 | +0.069% | $141.5M | $322.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,556 | +0.031% | $30.7M | $203.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,584.1 | +0.064% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,540 | +0.013% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,533 | +0.005% | $193K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,543.2 | +0.016% | $2.4M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,556 | +0.031% | $140K | $618K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,532 | +0.003% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,531.4 | +0.003% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,538.5 | +0.011% | $2.30B | $958.9M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,509.9 | −0.022% | $46.4M | $225.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,556.2 | +0.031% | — | $98.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,586.8 | +0.067% | $131.8M | $5.76B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,585.5 | +0.065% | $191.3M | $937.0M | 100x | as long as short |
| BloFin BTC-USDT | +0.0179% | 8h | 86,543.4 | +0.017% | $415.3M | $654.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0210% | 1h | 86,549.4 | +0.024% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0187% | 8h | 86,562 | +0.038% | $9.6M | $726.1M | 6.4x | as long as short |
Hibachi BTC/USDT-P
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
Phemex BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Popdex BTCUSDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Nado BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-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
Bluefin BTC-PERP
Derive BTC-PERP
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