Funding you earn now, next payment 08:00 UTC−0.0107%/8h= −11.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.020%
Price spread now: Injective against RISEx−0.047%7-day average −0.002% · 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−$16as in the Price arb table
costs, in and out, $10k−$110.114% of the position
Funding, last 4 days (all we have)−0.095%−$9 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.047%, 7d avg −0.002%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 0.045% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 85,406.8 | 0.0174 | pay 0.0022% / 1h | 51m 10s | $8.7M | $42.7M | 25x |
| Short | Injective BTC/USDC PERP | 85,367 | 0.0067 | get 0.0008% / 1h | 51m 10s | $338K | $24.6M | 52x |
RISEx BTC/USDC
Injective BTC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against RISEx. 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
- −$22.54
- Price spread: −0.047% → −0.002%
- −$4.51
- Slippage, 4 orders
- −$5.39
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$38.46
- Costs to cover
- 0.114%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 3 min ago; Injective: live order book, 3 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, 3 min ago | 0.01 bp | 3.9 bp −$4 | 4.0 bp −$40 | 11.4 bp −$1,140 | doesn't fit |
| Sell Injective live order book, 3 min ago | 1.82 bp | 2.7 bp −$3 | 10.4 bp −$104 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,325 | −0.096% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,369 | −0.044% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0030% | 8h | 85,354.7 | −0.061% | $928.3M | $773.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,350.1 | −0.066% | $421.8M | $682.2M | 150x | as long as short |
| ApeX Omni BTCUSDT | −0.0021% | 1h | 85,310.3 | −0.113% | $139.5M | $313.0M | 100x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,351.1 | −0.065% | $512.0M | $1.08B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,390.2 | −0.019% | $351K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,376.9 | −0.035% | $489K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,388.7 | −0.021% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,386.5 | −0.024% | $36.5M | — | 200x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
ApeX Omni BTCUSDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,363.9 | −0.050% | $185.7M | $951.7M | 100x | as long as short |
| Injective BTC/USDC PERPshort | +0.0067% | 1h | 85,367 | −0.047% | $338K | $24.6M | 52x | |
| BingX BTC-USDC | +0.0071% | 8h | 85,332.9 | −0.087% | — | $17.3M | — | as long as short |
| Nado BTC-PERP | +0.0084% | 1h | 85,392.4 | −0.017% | $24.1M | $219.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0085% | 8h | 85,344.9 | −0.072% | $5.13B | $9.98B | 150x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,350.3 | −0.066% | $2.97B | $5.17B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,367 | −0.047% | $169.2M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,365.1 | −0.049% | $23.6M | $147.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,384 | −0.027% | $8.4M | $57.3M | 100x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,355.5 | −0.060% | $5.04B | $5.71B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,345.7 | −0.072% | $2.4M | $6.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,358 | −0.057% | $9.39B | $24.97B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,358 | −0.057% | $267K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,426.5 | +0.023% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,461.1 | +0.064% | $3.75B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,413.7 | +0.008% | $40.0M | $605.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,350.2 | −0.066% | $2.60B | $12.19B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,388 | −0.022% | $3.8M | $17.2M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,383.4 | −0.027% | $5.1M | $96.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,324.1 | −0.097% | $690.8M | $302.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,378.9 | −0.033% | $5.54B | $11.00B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,338.1 | −0.080% | $37.1M | $184.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,296 | −0.130% | $156.1M | $556.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,296.6 | −0.129% | $279.4M | $954.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,315.9 | −0.106% | $214.1M | $158.8M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,323.1 | −0.098% | $30.1M | $208.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,436.5 | +0.035% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,390 | −0.020% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,379.4 | −0.032% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,350.6 | −0.066% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,390.1 | −0.020% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,333.7 | −0.086% | $30.0M | $45.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,346.2 | −0.071% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,350 | −0.067% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,357.5 | −0.058% | $2.26B | $964.7M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,358.9 | −0.056% | $157.5M | $513.0M | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0101% | 1h | 85,393.9 | −0.015% | $841.9M | $1.65B | 50x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,325.4 | −0.095% | $45.6M | $241.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,392.8 | −0.016% | — | $104.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,382.7 | −0.028% | $112.5M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0136% | 1h | 85,376.1 | −0.036% | $6.6M | $146.9M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0169% | 8h | 85,407 | 0.000% | $11.9M | $738.1M | 6.4x | as long as short |
| RISEx BTC/USDClong | +0.0174% | 1h | 85,406.8 | long leg | $8.7M | $42.7M | 25x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,344.7 | −0.073% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,358.6 | −0.056% | $684K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0287% | 1h | 85,377.9 | −0.034% | $79K | $247K | 20x | as long as short |
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Nado BTC-PERP
Bybit BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
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
Phemex BTCUSDT
Deribit BTC-PERPETUAL
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD