Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.041%
Price spread now: SoDEX against Hotstuff+0.085%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
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and SoDEX is 0.085% dearer against Hotstuff than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BTC-PERP | 86,270 | −0.0080 | get 0.0010% / 1h | 7m 12s | $9K | $3K | 50x |
| Short | SoDEX BTC-USD | 86,343 | 0.0100 | get 0.0013% / 1h | 7m 12s | $60.4M | $337.3M | 40x |
Hotstuff BTC-PERP
SoDEX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $37.8
- Price spread: +0.085% → 0.000%
- $8.46
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $33.26
- Costs to cover
- 0.130%
- Break-even
- 0.8 days
Slippage unknown: Hotstuff: no order-book sample; SoDEX: live order book, 2 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 SoDEX live order book, 2 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.1 bp −$505 | 41.9 bp −$21.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0543% | 1h | 86,338.4 | +0.079% | $140K | $620K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,349 | +0.092% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 86,270 | long leg | $9K | $3K | 50x | |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,313.2 | +0.050% | $358K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0011% | 8h | 86,336.5 | +0.077% | $502.9M | $1.15B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 86,342.5 | +0.084% | $849.8M | $713.7M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,328.6 | +0.068% | $36.8M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0006% | 1h | 86,296.7 | +0.031% | $16.9M | $21.1M | 50x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,295.5 | +0.030% | $8.4M | $42.8M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0021% | 1h | 86,377.4 | +0.124% | $917.4M | $1.49B | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
01 Exchange BTCUSD
Aster BTCUSDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
RISEx BTC/USDC
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0023% | 1h | 86,307.2 | +0.043% | $6.7M | $145.0M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,360 | +0.104% | $332K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0037% | 8h | 86,317.1 | +0.055% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0042% | 8h | 86,343.1 | +0.085% | $150.0M | $476.9M | 150x | as long as short |
| Bitget BTCUSDT | +0.0047% | 8h | 86,324.2 | +0.063% | $2.95B | $5.11B | 150x | as long as short |
| Aftermath Perps BTCUSD | +0.0060% | 1h | 86,363.3 | +0.108% | $80K | $219K | 20x | as long as short |
| MEXC BTC_USDT | +0.0063% | 8h | 86,347 | +0.089% | $5.11B | $5.72B | 500x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,310.5 | +0.047% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0064% | 8h | 86,348.4 | +0.091% | $9.42B | $24.49B | 150x | as long as short |
| Gate BTC_USDT | +0.0079% | 8h | 86,314.4 | +0.051% | $5.84B | $10.77B | 200x | as long as short |
| Bybit BTCUSDT | +0.0095% | 8h | 86,354.1 | +0.097% | $5.26B | $9.80B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,352.5 | +0.096% | $170.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,364.2 | +0.109% | $24.0M | $152.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,300 | +0.035% | $8.4M | $52.4M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,266 | −0.005% | $205K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,305 | +0.041% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,296.5 | +0.031% | $21.7M | $234.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,383 | +0.131% | $3.79B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,302.2 | +0.037% | $40.7M | $517.9M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,353.5 | +0.097% | $2.54B | $12.72B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,295 | +0.029% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,341.6 | +0.083% | $7.8M | $94.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,320.9 | +0.059% | $570.7M | $18.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,278.1 | +0.009% | $37.8M | $154.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,316.3 | +0.054% | $155.5M | $568.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,321.8 | +0.060% | $279.0M | $944.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,335.7 | +0.076% | $216.9M | $174.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,333 | +0.073% | $141.1M | $323.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,337 | +0.078% | $30.6M | $204.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,350.2 | +0.093% | — | $11.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,308 | +0.044% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,316 | +0.053% | $190K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,326.5 | +0.065% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,349.9 | +0.093% | $30.6M | $62.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,302.4 | +0.038% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USDshort | +0.0100% | 1h | 86,343 | +0.085% | $60.4M | $337.3M | 40x | |
| HTX BTC-USDT | +0.0100% | 8h | 86,313.9 | +0.051% | $2.29B | $969.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,307.5 | +0.043% | $45.6M | $226.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,306.2 | +0.042% | — | $98.9M | 500x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,290.4 | +0.024% | $421K | $23.5M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,387 | +0.136% | $131.8M | $5.68B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,375.8 | +0.123% | $191.9M | $947.3M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0128% | 1h | 86,325.6 | +0.064% | $719K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0184% | 8h | 86,325.3 | +0.064% | $414.6M | $653.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0187% / S −0.0210% | 1h | 86,324 | +0.063% | $15.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0198% | 8h | 86,317 | +0.054% | $9.6M | $736.6M | 6.4x | as long as short |
Reya BTCRUSDPERP
Injective BTC/USDC PERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Aftermath Perps BTCUSD
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-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
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Perpl BTC
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP