Funding you earn now, next payment 22:03 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.022%
Price spread now: Gate against Perpl−0.126%45s7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.374%−$37 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now −0.126%, 7d avg −0.020%
=Together, before fees−0.345%+ Points / potential airdropPerpl: Active · farm board−$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.107% cheaper against Perpl than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of −0.020%). If the spread goes back, that is −$11 on $10k: about 4.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.374%, so the current rate has only just turned in your favour. The two prices were read 45 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 | Perpl BTC | 86,456.1 | 0 | get 0.0000% / 43m | 0m 38s | $421K | $23.8M | 6.7x |
| Short | Gate BTC_USDT | 86,347 | 0.0074 | get 0.0074% / 8h | 1h 30m | $5.85B | $10.67B | 200x |
Perpl BTC
Gate BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Perpl. 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
- $15.54
- Price spread: −0.126% → −0.020%
- −$10.66
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$23.92
- Costs to cover
- 0.288%
- Break-even
- 17.8 days
Slippage unknown: Perpl: no order-book sample; Gate: live order book, 4 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 4 min ago | 0.01 bp | 7.5 bp −$8 | 7.5 bp −$75 | 8.8 bp −$878 | 11.2 bp −$5,620 |
Perpl: 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 | −0.0500% | 1h | 86,397.1 | −0.068% | $140K | $618K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,459 | +0.003% | $2.2M | $11.8M | 40x | as long as short |
| Aftermath Perps BTCUSD | −0.0092% | 1h | 86,549.1 | +0.108% | $83K | $216K | 20x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,341 | −0.133% | $9K | $3K | 50x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 86,334.6 | −0.141% | $503.8M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,361 | −0.110% | $358K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0001% | 8h | 86,331.8 | −0.144% | $850.6M | $709.2M | 125x | as long as short |
| Perpl BTClong | 0.0000% | 43m | 86,456.1 | long leg | $421K | $23.8M | 6.7x | |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,400.7 | −0.064% | $921.9M | $1.48B | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 86,364.7 | −0.106% | $16.9M | $21.1M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Aftermath Perps BTCUSD
Hotstuff BTC-PERP
Aster BTCUSDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
Deribit BTC-PERPETUAL
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,460.7 | +0.005% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,354 | −0.118% | $8.5M | $43.2M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,339.8 | −0.135% | $6.7M | $144.9M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.119% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0032% | 8h | 86,360 | −0.111% | $149.3M | $476.0M | 150x | as long as short |
| BingX BTC-USDT | +0.0034% | 8h | 86,348.7 | −0.124% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0043% | 8h | 86,342.3 | −0.132% | $2.94B | $5.09B | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0056% | 1h | 86,482.2 | +0.030% | $724K | $8.2M | 30x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,344.3 | −0.129% | $5.12B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,349 | −0.124% | $9.40B | $24.36B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,359.9 | −0.111% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDTshort | +0.0074% | 8h | 86,347 | −0.126% | $5.85B | $10.67B | 200x | |
| SoDEX BTC-USD | +0.0089% | 1h | 86,370 | −0.100% | $60.4M | $337.2M | 40x | as long as short |
| Bybit BTCUSDT | +0.0089% | 8h | 86,349.2 | −0.124% | $5.25B | $9.73B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,347.9 | −0.125% | $171.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,367.9 | −0.102% | $24.0M | $152.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,350 | −0.123% | $8.4M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,332 | −0.144% | $201K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,382.5 | −0.085% | $4.8M | $8.4M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,341.9 | −0.132% | $21.8M | $233.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,409 | −0.054% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,380.8 | −0.087% | $41.0M | $505.2M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,349.9 | −0.123% | $2.53B | $12.70B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,353 | −0.119% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,419.6 | −0.042% | $7.4M | $94.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,343.9 | −0.130% | $570.6M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,337 | −0.138% | $38.2M | $153.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,541.3 | +0.099% | $156.5M | $566.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,500.3 | +0.051% | $279.4M | $945.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,543.9 | +0.102% | $217.3M | $174.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,518.6 | +0.072% | $141.4M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,432 | −0.028% | $30.7M | $203.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,402.4 | −0.062% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,342 | −0.132% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,439.5 | −0.019% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,380.6 | −0.087% | $2.4M | $8.6M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,375.3 | −0.093% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,422.7 | −0.039% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,330.8 | −0.145% | $2.29B | $967.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,332.2 | −0.143% | $45.9M | $226.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,468.4 | +0.014% | — | $98.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,407.9 | −0.056% | $131.4M | $5.69B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,394.1 | −0.072% | $190.3M | $939.6M | 100x | as long as short |
| BloFin BTC-USDT | +0.0180% | 8h | 86,337.5 | −0.137% | $413.9M | $651.2M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0183% / S −0.0217% | 1h | 86,451.9 | −0.005% | $15.4M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0195% | 8h | 86,435 | −0.024% | $9.6M | $730.2M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDT
Bitget BTCUSDT
Hibachi BTC/USDT-P
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
SoDEX BTC-USD
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
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP