BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.045%

Price spread now: Jupiter Perps against RISEx−0.030%7-day average −0.010% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.164%−$16 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.030%, 7d avg −0.010%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$7 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	85,353.2	0.0174	pay 0.0022% / 1h	51m 56s	$8.7M	$42.7M	25x
Short	Jupiter Perps WBTC-PERP	85,327.5	L +0.0104% / S +0.0056%	pay 0.0007% / 1h	51m 56s	—	$104.3M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Jupiter PerpsbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$48.34
Price spread: −0.030% → −0.010%: −$1.96
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$68.3
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 2 min ago; Jupiter Perps: no order-book sample. 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 RISEx live order book, 2 min ago	0.01 bp	3.9 bp −$4	4.0 bp −$40	11.4 bp −$1,140	doesn't fit
Sell Jupiter Perps no order-book sample	—	—	—	—	—

Jupiter Perps: 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
Hotstuff BTC-PERP	−0.0080%	1h	85,325	−0.033%	$8K	$3K	50x	as long as short
Phoenix BTC	−0.0034%	1h	85,409	+0.065%	$2.3M	$10.8M	40x	as long as short
KuCoin XBTUSDTM	−0.0030%	8h	85,385.6	+0.038%	$928.6M	$773.2M	125x	as long as short
BloFin BTC-USDT	−0.0023%	8h	85,310.6	−0.050%	$421.6M	$681.2M	150x	as long as short
Aster BTCUSDT	−0.0005%	8h	85,372	+0.022%	$512.2M	$1.08B	200x	as long as short
dYdX BTC-USD	0.0000%	1h	85,332.1	−0.025%	$16.7M	$21.0M	50x	as long as short
Perpl BTC	0.0000%	43m	85,333.8	−0.023%	$490K	$18.3M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,347.4	−0.007%	$36.5M	—	200x	as long as short
01 Exchange BTCUSD	+0.0008%	1h	85,340	−0.015%	$351K	$2.3M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0026%	1h	85,362.2	+0.011%	$185.7M	$951.6M	100x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni BTCUSDT	+0.0030%	1h	85,327.1	−0.030%	$139.5M	$313.0M	100x	as long as short
Injective BTC/USDC PERP	+0.0067%	1h	85,367	+0.016%	$338K	$24.6M	52x	as long as short
BingX BTC-USDT	+0.0069%	8h	85,393.1	+0.047%	—	$1.57B	—	as long as short
Bybit BTCUSDT	+0.0086%	8h	85,381.1	+0.033%	$5.14B	$9.98B	150x	as long as short
Bitget BTCUSDT	+0.0091%	8h	85,399.8	+0.055%	$2.97B	$5.17B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,345.7	−0.009%	$169.4M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,359.5	+0.007%	$23.6M	$147.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,333	−0.024%	$8.4M	$57.3M	100x	as long as short
MEXC BTC_USDT	+0.0096%	8h	85,398.2	+0.053%	$5.03B	$5.71B	500x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,329.7	−0.028%	$2.4M	$6.7M	20x	as long as short
Binance BTCUSDT	+0.0097%	8h	85,384.4	+0.037%	$9.40B	$24.97B	150x	as long as short
Nado BTC-PERP	+0.0098%	1h	85,318.2	−0.041%	$24.1M	$219.6M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,309	−0.052%	$267K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,357.2	+0.005%	$5.8M	$9.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,427	+0.086%	$3.75B	$5.06B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,357	+0.005%	$39.9M	$605.4M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,391.6	+0.045%	$2.60B	$12.20B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,331	−0.026%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,322.7	−0.036%	$5.1M	$96.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,324.1	−0.034%	$690.8M	$302.3M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,354.9	+0.002%	$5.53B	$10.99B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,338.2	−0.018%	$37.1M	$184.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,296	−0.067%	$156.1M	$556.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,321.4	−0.037%	$279.5M	$951.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,315.9	−0.044%	$214.1M	$158.8M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,326.4	−0.031%	$30.1M	$208.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,388.5	+0.041%	—	$9.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,337	−0.019%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,339	−0.017%	$197K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,331.2	−0.026%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,369	+0.019%	$194K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,312.8	−0.047%	$30.0M	$45.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,307	−0.054%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,336	−0.020%	$59.7M	$336.6M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,326	−0.032%	$2.26B	$964.3M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,357.1	+0.005%	$157.4M	$512.9M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,369.1	+0.019%	$45.6M	$241.0M	50x	as long as short
Jupiter Perps WBTC-PERPshort	L +0.0104% / S +0.0056%	1h	85,327.5	−0.030%	—	$104.3M	500x
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,369.9	+0.020%	$112.7M	$5.47B	50x	as long as short
Reya BTCRUSDPERP	+0.0136%	1h	85,322.2	−0.036%	$6.6M	$146.9M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0154%	1h	85,381.4	+0.033%	$841.9M	$1.65B	50x	as long as short
Kalshi KXBTCPERP	+0.0169%	8h	85,361	+0.009%	$11.9M	$738.0M	6.4x	as long as short
RISEx BTC/USDClong	+0.0174%	1h	85,353.2	long leg	$8.7M	$42.7M	25x
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0147%	1h	85,344.7	−0.010%	$13.0M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	85,382.5	+0.034%	$684K	$7.8M	30x	as long as short
Aftermath Perps BTCUSD	+0.0285%	1h	85,356	+0.003%	$79K	$247K	20x	as long as short