Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +6.0% APRnext payment +$0.07 per $10,000 · paid last 24h +0.012%
Price spread now: Aftermath Perps against Kraken Futures+0.026%52s7-day average +0.006% · 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—prices read too far apart to compare
costs, in and out, $10k−$300.304% of the position
Funding, last 3 days (all we have)+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.026%, 7d avg +0.006%
=The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XBTUSD | 85,464.2 | 0.0170 | pay 0.0021% / 1h | 18m 20s | $187.5M | $955.3M | 100x |
| Short | Aftermath Perps BTCUSD | 85,486.5 | 0.0225 | get 0.0028% / 1h | 18m 20s | $78K | $219K | 20x |
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aftermath Perps against Kraken Futures. 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
- $11.43
- Price spread: +0.026% → +0.006%
- $2
- Slippage, 4 orders
- −$11.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- −$16.93
- Costs to cover
- 0.304%
- Break-even
- 17.4 days
Slippage from Kraken Futures: live order book, 6 min ago; Aftermath Perps: live order book, 41 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 Kraken Futures live order book, 6 min ago | 0.06 bp | 5.2 bp −$5 | 6.2 bp −$62 | 7.2 bp −$718 | 9.0 bp −$4,498 |
| Sell Aftermath Perps live order book, 41 min ago | 1.00 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0179% | 1h | 85,530 | +0.077% | $2.1M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,411 | −0.062% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,401.2 | −0.074% | $364K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0024% | 8h | 85,372.5 | −0.107% | $918.3M | $752.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,447.7 | −0.019% | $416.2M | $667.6M | 150x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,409 | −0.065% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0011% | 8h | 85,391.1 | −0.086% | $514.8M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0013% | 1h | 85,408.8 | −0.065% | $16.7M | $21.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0018% | 1h | 85,388.2 | −0.089% | $25.2M | $222.0M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,397.3 | −0.078% | $4.4M | $98.1M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
BloFin BTC-USDT
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Nado BTC-PERP
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0062% | 8h | 85,399.1 | −0.076% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0075% | 8h | 85,440 | −0.028% | $147.5M | $488.2M | 150x | as long as short |
| Bitget BTCUSDT | +0.0078% | 8h | 85,400 | −0.075% | $2.94B | $5.07B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0084% | 1h | 85,383.4 | −0.095% | $6.7M | $146.8M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,409.4 | −0.064% | $172.3M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,408.9 | −0.065% | $23.8M | $149.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,405 | −0.069% | $8.6M | $53.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,444.7 | −0.023% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,401.7 | −0.073% | $5.06B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 85,394.5 | −0.082% | $9.35B | $24.16B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,378 | −0.101% | $211K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,486.7 | +0.026% | $4.9M | $9.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,478 | +0.016% | $3.74B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,432.7 | −0.037% | $40.1M | $579.3M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,391.1 | −0.086% | $5.20B | $9.80B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,408.6 | −0.065% | $2.58B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,389 | −0.088% | $3.9M | $18.2M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,516 | +0.061% | $659.1M | $647.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,398.5 | −0.077% | $5.50B | $10.74B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,427 | −0.044% | $35.7M | $176.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,443.5 | −0.024% | $153.4M | $565.7M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,504 | +0.047% | $279.3M | $921.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,513.1 | +0.057% | $214.6M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,457.2 | −0.008% | $139.7M | $314.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,491.9 | +0.032% | $30.2M | $208.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,461.4 | −0.003% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,394 | −0.082% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,396 | −0.080% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,394.2 | −0.082% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,437.7 | −0.031% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,442.4 | −0.026% | $29.9M | $50.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,441.4 | −0.027% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,448 | −0.019% | $59.9M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,450 | −0.017% | $2.26B | $942.8M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,390.2 | −0.087% | $44.6M | $230.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,408.9 | −0.065% | — | $107.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,481.6 | +0.020% | $117.2M | $5.19B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0149% | 1h | 85,493.3 | +0.034% | $891.3M | $1.58B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,475 | +0.013% | $339K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSDlong | +0.0170% | 1h | 85,464.2 | long leg | $187.5M | $955.3M | 100x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0152% | 1h | 85,405.2 | −0.069% | $13.3M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,422.8 | −0.048% | $8.2M | $42.5M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0216% | 1h | 85,497.8 | +0.039% | $703K | $7.9M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,480 | +0.018% | $10.3M | $756.2M | 6.4x | as long as short |
| Aftermath Perps BTCUSDshort | +0.0225% | 1h | 85,486.5 | +0.026% | $78K | $219K | 20x | |
| Perpl BTC | +0.0447% | 43m | 85,417.3 | −0.055% | $498K | $18.8M | 6.7x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
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
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC