BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h −0.010%

Price spread now: Aevo against RISEx−0.044%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on RISEx Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.044%, 7d avg −0.036%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, 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	RISEx BTC/USDC	85,915.8	0.0187	pay 0.0023% / 1h	5m 24s	$9.0M	$35.8M	25x
Short	Aevo BTC-PERP	85,878.2	0.0080	get 0.0010% / 1h	5m 24s	$2.4M	$6.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee AevobpOrdersPrice spread, now −0.044%Rate

Funding earned: −$22.45
Price spread: −0.044% → −0.036%: −$0.79
Slippage, 4 orders: −$4.49
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$49.73
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Aevo: live order book, 2 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 RISEx live order book, 2 min ago	0.01 bp	3.7 bp −$4	3.7 bp −$37	11.5 bp −$1,150	doesn't fit
Sell Aevo live order book, 2 min ago	0.81 bp	9.7 bp −$10	11.0 bp −$110	13.5 bp −$1,348	doesn't fit

BTC on 56 exchanges

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	−0.0133%	1h	85,779	−0.159%	$2.1M	$7.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,196	+0.326%	$8K	$2K	50x	as long as short
BloFin BTC-USDT	−0.0044%	8h	85,849.3	−0.077%	$421.8M	$550.0M	150x	as long as short
01 Exchange BTCUSD	−0.0040%	1h	85,896.7	−0.022%	$367K	$1.8M	50x	as long as short
SoDEX BTC-USD	−0.0004%	1h	85,893	−0.027%	$65.8M	$187.7M	40x	as long as short
Perpl BTC	0.0000%	43m	85,901.5	−0.017%	$467K	$13.5M	6.7x	as long as short
dYdX BTC-USD	+0.0003%	1h	85,889.3	−0.031%	$16.8M	$13.6M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,903.2	−0.015%	$36.9M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0009%	1h	85,828	−0.102%	$320K	$30.6M	52x	as long as short
Aster BTCUSDT	+0.0015%	8h	85,874.3	−0.048%	$511.2M	$846.4M	200x	as long as short

Show all 56 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XBTUSD	+0.0030%	1h	85,905.9	−0.012%	$192.1M	$750.4M	100x	as long as short
BingX BTC-USDT	+0.0043%	8h	85,891.1	−0.029%	—	$1.30B	—	as long as short
Popdex BTCUSDT	+0.0048%	1h	85,891	−0.029%	$8.6M	$45.5M	100x	as long as short
KuCoin XBTUSDTM	+0.0053%	8h	85,886.7	−0.034%	$941.8M	$636.0M	125x	as long as short
Bybit BTCUSDT	+0.0058%	8h	85,893.2	−0.026%	$5.14B	$8.05B	150x	as long as short
Phemex BTCUSDT	+0.0062%	8h	85,894.8	−0.024%	$170.1M	$476.1M	150x	as long as short
HTX BTC-USDT	+0.0071%	8h	85,883.9	−0.037%	$2.27B	$786.7M	200x	as long as short
MEXC BTC_USDT	+0.0076%	8h	85,883	−0.038%	$5.16B	$4.91B	500x	as long as short
Gate BTC_USDT	+0.0077%	8h	85,896	−0.023%	$5.51B	$9.05B	200x	as long as short
Binance BTCUSDT	+0.0077%	8h	85,889.8	−0.030%	$9.41B	$20.28B	150x	as long as short
Aevo BTC-PERPshort	+0.0080%	1h	85,878.2	−0.044%	$2.4M	$6.8M	20x
Bitget BTCUSDT	+0.0088%	8h	85,891.4	−0.028%	$3.00B	$3.89B	150x	as long as short
GRVT BTC_USDT_Perp	+0.0091%	8h	85,792.9	−0.143%	$215.6M	$132.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	85,910.5	−0.006%	$172.7M	$876.4M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,912.7	−0.004%	$23.7M	$121.8M	50x	as long as short
Bullet BTC-USD	+0.0099%	1h	85,892.8	−0.027%	$211K	$3.2M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,867	−0.057%	$230K	$8.0M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	85,893.7	−0.026%	$23.3M	$190.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,915	−0.001%	$5.9M	$7.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	85,926.3	+0.012%	$40.0M	$571.4M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,901.3	−0.017%	$2.63B	$9.25B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,884	−0.037%	$3.9M	$14.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,890	−0.030%	$4.9M	$91.5M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,881.8	−0.040%	$38.0M	$194.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,877.2	−0.045%	$155.8M	$472.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,804.9	−0.129%	$289.4M	$738.2M	100x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,805	−0.129%	$137.8M	$288.4M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,834.8	−0.094%	$30.2M	$227.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,940	+0.028%	—	$10.2M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,890	−0.030%	$11.0M	$11.9M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,887.7	−0.033%	$2.6M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,925.9	+0.012%	$143K	$607K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,867.5	−0.056%	$29.0M	$44.5M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,901.7	−0.016%	$3.3M	$6.7M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,889.6	−0.030%	$714.2M	$91.8M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,858.4	−0.067%	$47.3M	$193.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,903.1	−0.015%	—	$79.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	85,938.6	+0.027%	$112.4M	$4.94B	50x	as long as short
Hyperliquid BTC	+0.0152%	1h	85,986	+0.082%	$3.94B	$4.18B	40x	as long as short
Kalshi KXBTCPERP	+0.0156%	8h	85,912	−0.004%	$12.0M	$736.1M	6.4x	as long as short
Reya BTCRUSDPERP	+0.0170%	1h	85,883.4	−0.038%	$6.6M	$128.4M	40x	as long as short
RISEx BTC/USDClong	+0.0187%	1h	85,915.8	long leg	$9.0M	$35.8M	25x
GMX BTC/USD [WBTC.b-USDC]	L +0.0211% / S −0.0251%	1h	85,906.8	−0.010%	$15.5M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0245%	1h	85,945.2	+0.034%	$820.3M	$1.50B	50x	as long as short
Hibachi BTC/USDT-P	+0.0320%	1h	85,917.7	+0.002%	$693K	$6.7M	30x	as long as short
Aftermath Perps BTCUSD	+0.0356%	1h	85,868.6	−0.055%	$79K	$228K	20x	as long as short