Funding you earn now, next payment 02:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.034%
Price spread now: Orderly against 01 Exchange−0.029%7-day average −0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.106%+$11 on $10k
+Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.029%, 7d avg −0.018%
=The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 85,804.1 | −0.0056 | get 0.0007% / 1h | 47m 30s | $364K | $2.3M | 50x |
| Short | Orderly PERP_BTC_USDC | 85,779.2 | 0.0100 | get 0.0100% / 8h | 6h 47m | $2.4M | $9.1M | 100x |
01 Exchange BTCUSD
Orderly PERP_BTC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against 01 Exchange. 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
- $32.76
- Price spread: −0.029% → −0.018%
- −$1.15
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $18.61
- Costs to cover
- 0.130%
- Break-even
- 3.0 days
Slippage unknown: 01 Exchange: live order book, 2 min ago; Orderly: 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 01 Exchange live order book, 2 min ago | 0.01 bp | 3.7 bp −$4 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | −0.0144% | 1h | 85,788 | −0.019% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,824 | +0.023% | $8K | $3K | 50x | as long as short |
| BloFin BTC-USDT | −0.0078% | 8h | 85,853 | +0.057% | $415.8M | $658.2M | 150x | as long as short |
| 01 Exchange BTCUSDlong | −0.0056% | 1h | 85,804.1 | long leg | $364K | $2.3M | 50x | |
| dYdX BTC-USD | 0.0000% | 1h | 85,814.4 | +0.012% | $16.8M | $20.6M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,819.5 | +0.018% | $513K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,796.4 | −0.009% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,810 | +0.007% | $341K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0036% | 8h | 85,796.9 | −0.008% | $497.6M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0041% | 8h | 85,796 | −0.009% | $894.5M | $757.2M | 125x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0044% | 1h | 85,820.2 | +0.019% | $8.1M | $42.6M | 25x | as long as short |
| BingX BTC-USDC | +0.0052% | 8h | 85,783 | −0.025% | — | $15.4M | — | as long as short |
| Reya BTCRUSDPERP | +0.0053% | 1h | 85,786.9 | −0.020% | $6.7M | $146.1M | 40x | as long as short |
| Bitget BTCUSDT | +0.0067% | 8h | 85,794.3 | −0.011% | $2.95B | $5.13B | 150x | as long as short |
| HTX BTC-USDT | +0.0074% | 8h | 85,778.9 | −0.029% | $2.28B | $968.7M | 200x | as long as short |
| ApeX Omni BTCUSDT | +0.0075% | 1h | 85,863.8 | +0.070% | $140.4M | $320.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,797.9 | −0.007% | $2.5M | $1.8M | 20x | as long as short |
| Nado BTC-PERP | +0.0082% | 1h | 85,804.1 | 0.000% | $22.4M | $228.8M | 50x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,786.6 | −0.020% | $5.09B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,794.4 | −0.011% | $9.34B | $24.58B | 150x | as long as short |
| Gate BTC_USDT | +0.0088% | 8h | 85,798.5 | −0.007% | $5.66B | $10.37B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,796.3 | −0.009% | $170.6M | $976.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,816.6 | +0.015% | $23.3M | $145.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,810 | +0.007% | $8.4M | $52.5M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,781 | −0.027% | $209K | $7.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,840.7 | +0.043% | $3.8M | $8.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,863 | +0.069% | $3.77B | $5.03B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,813.8 | +0.011% | $40.9M | $569.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,814.7 | +0.012% | $5.27B | $9.81B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,779.5 | −0.029% | $2.55B | $12.53B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,789 | −0.018% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,792.2 | −0.014% | $7.3M | $98.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,792.9 | −0.013% | $35.2M | $163.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,782.9 | −0.025% | $155.6M | $556.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,838.8 | +0.040% | $278.1M | $943.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,857.1 | +0.062% | $215.7M | $163.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,854.5 | +0.059% | $30.4M | $206.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,856.4 | +0.061% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,797 | −0.008% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,792 | −0.014% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDCshort | +0.0100% | 8h | 85,779.2 | −0.029% | $2.4M | $9.1M | 100x | |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,840.8 | +0.043% | $186K | $709K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,805.1 | +0.001% | $30.0M | $57.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,845.8 | +0.049% | $2.9M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,798 | −0.007% | $60.1M | $338.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,799.3 | −0.006% | $153.9M | $477.2M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,804.9 | +0.001% | $582.3M | $118.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,775.5 | −0.033% | $44.8M | $227.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,817.8 | +0.016% | — | $101.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,839 | +0.041% | $131.6M | $5.26B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0128% | 1h | 85,874.1 | +0.082% | $710K | $8.0M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,820.4 | +0.019% | $189.2M | $970.1M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0151% | 1h | 85,830.6 | +0.031% | $77K | $217K | 20x | as long as short |
| Deribit BTC-PERPETUAL | +0.0186% | 1h | 85,841.4 | +0.043% | $895.2M | $1.54B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0204% | 8h | 85,865 | +0.071% | $10.0M | $768.9M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0204% / S −0.0194% | 1h | 85,796.2 | −0.009% | $13.8M | — | 200x | as long as short |
RISEx BTC/USDC
BingX BTC-USDC
Reya BTCRUSDPERP
Bitget BTCUSDT
HTX BTC-USDT
ApeX Omni BTCUSDT
Aevo BTC-PERP
Nado BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]