Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%
Price spread now: Gate against Orderly+0.009%7-day average −0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.009%, 7d avg −0.003%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BTC_USDC | 85,787.3 | 0.0100 | pay 0.0100% / 8h | 5h 31m | $2.3M | $8.8M | 100x |
| Short | Gate BTC_USDT | 85,795.4 | 0.0100 | get 0.0100% / 8h | 5h 31m | $5.56B | $10.50B | 200x |
Orderly PERP_BTC_USDC
Gate BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Orderly. 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
- $0
- Price spread: +0.009% → −0.003%
- $1.25
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$19.75
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 3 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 3 min ago | 0.01 bp | 8.5 bp −$8 | 8.8 bp −$88 | 9.2 bp −$915 | 11.2 bp −$5,579 |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0160% | 1h | 85,662 | −0.146% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,739 | −0.056% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,801.8 | +0.017% | $370K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0033% | 8h | 85,805.1 | +0.021% | $417.4M | $665.5M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,731.5 | −0.065% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,792.3 | +0.006% | $36.7M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0009% | 1h | 85,800.6 | +0.015% | $22.9M | $221.2M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0011% | 8h | 85,770.1 | −0.020% | $919.3M | $753.1M | 125x | as long as short |
| Aster BTCUSDT | +0.0020% | 8h | 85,795 | +0.009% | $517.0M | $1.11B | 200x | as long as short |
| BingX BTC-USDT | +0.0054% | 8h | 85,787.3 | 0.000% | — | $1.53B | — | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERP
KuCoin XBTUSDTM
Aster BTCUSDT
BingX BTC-USDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BTCUSDT | +0.0068% | 8h | 85,806.5 | +0.022% | $2.96B | $5.03B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0069% | 1h | 85,767.5 | −0.023% | $6.7M | $146.4M | 40x | as long as short |
| Bluefin BTC-PERP | +0.0069% | 1h | 85,828.4 | +0.048% | $197K | $722K | 40x | as long as short |
| Phemex BTCUSDT | +0.0070% | 8h | 85,800.7 | +0.016% | $148.2M | $479.1M | 150x | as long as short |
| HTX BTC-USDT | +0.0076% | 8h | 85,807.2 | +0.023% | $2.27B | $936.6M | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | −0.244% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,802 | +0.017% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,809.4 | +0.026% | $5.06B | $5.62B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,824.3 | +0.043% | $9.36B | $23.93B | 150x | as long as short |
| SunX BTC-USDT | +0.0089% | 8h | 85,768.4 | −0.022% | $2.9M | $6.1M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,813.9 | +0.031% | $170.6M | $990.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,824.1 | +0.043% | $24.0M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,808 | +0.024% | $8.4M | $52.0M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,806.4 | +0.022% | $3.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,764 | −0.027% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,853 | +0.077% | $3.74B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,780.4 | −0.008% | $40.6M | $573.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,818.4 | +0.036% | $5.34B | $9.59B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,822.9 | +0.041% | $2.57B | $12.15B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,758 | −0.034% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,735.3 | −0.061% | $7.1M | $97.2M | 40x | as long as short |
| Gate BTC_USDTshort | +0.0100% | 8h | 85,795.4 | +0.009% | $5.56B | $10.50B | 200x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,673 | −0.133% | $35.5M | $172.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,622.5 | −0.192% | $155.0M | $548.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,658.9 | −0.150% | $279.6M | $930.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,696.8 | −0.105% | $215.2M | $166.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,618.1 | −0.197% | $140.2M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,683.1 | −0.121% | $30.3M | $210.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,816.8 | +0.034% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,782 | −0.006% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,774.1 | −0.015% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDClong | +0.0100% | 8h | 85,787.3 | long leg | $2.3M | $8.8M | 100x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,780.7 | −0.008% | $30.0M | $50.9M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,808 | +0.024% | $60.1M | $336.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,614.4 | −0.202% | $621.3M | $398.6M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0100% | 1h | 85,846.1 | +0.069% | $892.4M | $1.53B | 50x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,774.7 | −0.015% | $44.1M | $227.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,712.4 | −0.087% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,852.4 | +0.076% | $130.7M | $5.12B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,802.6 | +0.018% | $8.4M | $42.3M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,836.3 | +0.057% | $189.4M | $952.0M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0194% | 1h | 85,672.4 | −0.134% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0179% | 1h | 85,790 | +0.003% | $13.6M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,730.6 | −0.066% | $702K | $7.8M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0216% | 8h | 85,809 | +0.025% | $10.5M | $760.6M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,811.3 | +0.028% | $518K | $19.4M | 6.7x | as long as short |
Bitget BTCUSDT
Reya BTCRUSDPERP
Bluefin BTC-PERP
Phemex BTCUSDT
HTX BTC-USDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SunX BTC-USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus 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
Derive BTC-PERP
SoDEX BTC-USD
Bulk BTC-USD
Deribit BTC-PERPETUAL
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC