BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.14 per $10,000 · paid last 24h +0.024%

Price spread now: SoDEX against 01 Exchange−0.051%7-day average −0.021% · 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−$20as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on 01 Exchange Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.070%+$7 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.051%, 7d avg −0.021%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.030% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.021%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	85,469.9	−0.0032	get 0.0004% / 1h	48m 32s	$381K	$2.3M	50x
Short	SoDEX BTC-USD	85,426	0.0083	get 0.0010% / 1h	48m 32s	$59.9M	$335.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 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 01 ExchangebpFee SoDEXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $24.17
Price spread: −0.051% → −0.021%: −$2.99
Slippage, 4 orders: −$2.24
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $3.94
Costs to cover: 0.172%
Break-even: 5.9 days

Slippage from 01 Exchange: live order book, 1 min ago; SoDEX: live order book, 6 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 01 Exchange live order book, 1 min ago	0.01 bp	4.0 bp −$4	8.5 bp −$85	doesn't fit	doesn't fit
Sell SoDEX live order book, 6 min ago	0.06 bp	4.1 bp −$4	4.1 bp −$41	5.9 bp −$586	47.6 bp −$23.8K

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	−0.0111%	1h	85,432	−0.044%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,459	−0.013%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0054%	8h	85,450.4	−0.023%	$921.0M	$760.8M	125x	as long as short
01 Exchange BTCUSDlong	−0.0032%	1h	85,469.9	long leg	$381K	$2.3M	50x
BloFin BTC-USDT	−0.0030%	8h	85,428.7	−0.048%	$420.6M	$676.4M	150x	as long as short
Aster BTCUSDT	−0.0011%	8h	85,454.6	−0.018%	$514.1M	$1.10B	200x	as long as short
Perpl BTC	0.0000%	43m	85,437.8	−0.038%	$531K	$18.8M	6.7x	as long as short
dYdX BTC-USD	+0.0002%	1h	85,452.6	−0.020%	$16.8M	$21.3M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,479.3	+0.011%	$36.5M	—	200x	as long as short
Nado BTC-PERP	+0.0009%	1h	85,457.6	−0.014%	$24.7M	$223.8M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0023%	1h	85,449	−0.024%	$339K	$26.8M	52x	as long as short
Kraken Futures PF_XBTUSD	+0.0056%	1h	85,441.7	−0.033%	$187.6M	$954.6M	100x	as long as short
BingX BTC-USDC	+0.0064%	8h	85,445.1	−0.029%	—	$17.3M	—	as long as short
Bullet BTC-USD	+0.0069%	1h	85,462.7	−0.008%	$203K	$3.3M	20x	as long as short
Phemex BTCUSDT	+0.0071%	8h	85,431.1	−0.045%	$149.4M	$500.8M	150x	as long as short
ApeX Omni BTCUSDT	+0.0076%	1h	85,463	−0.008%	$139.7M	$315.4M	100x	as long as short
Bitget BTCUSDT	+0.0081%	8h	85,468.6	−0.002%	$2.96B	$5.15B	150x	as long as short
SoDEX BTC-USDshort	+0.0083%	1h	85,426	−0.051%	$59.9M	$335.9M	40x
Aevo BTC-PERP	+0.0088%	1h	85,424.5	−0.053%	$2.4M	$6.7M	20x	as long as short
MEXC BTC_USDT	+0.0090%	8h	85,463.6	−0.007%	$5.08B	$5.67B	500x	as long as short
Binance BTCUSDT	+0.0090%	8h	85,466.4	−0.004%	$9.45B	$24.71B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,457.4	−0.015%	$171.9M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,459	−0.013%	$23.9M	$147.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,469	−0.001%	$8.4M	$55.4M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0096%	1h	85,459.9	−0.012%	$117.0M	$5.31B	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,440	−0.035%	$238K	$8.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,507	+0.043%	$5.6M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,544	+0.087%	$3.78B	$5.03B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,478.7	+0.010%	$40.1M	$595.0M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,458.3	−0.014%	$5.18B	$9.89B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,475.3	+0.006%	$2.59B	$12.14B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,460	−0.012%	$3.8M	$17.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,469.7	0.000%	$4.7M	$99.0M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,466.7	−0.004%	$5.54B	$10.81B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,418.7	−0.060%	$36.6M	$175.3M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,453.4	−0.019%	$154.3M	$564.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,371.3	−0.115%	$279.2M	$937.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,475.7	+0.007%	$214.8M	$169.0M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,466.1	−0.005%	$30.1M	$206.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,521.2	+0.060%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,464	−0.007%	$11.1M	$14.4M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,428	−0.049%	$2.5M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,485.9	+0.019%	$207K	$738K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,412.8	−0.067%	$30.0M	$50.3M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,423.1	−0.055%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,425.5	−0.052%	$2.26B	$952.0M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,429	−0.048%	$679.8M	$655.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,439.8	−0.035%	$45.7M	$236.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,472.6	+0.003%	—	$106.8M	500x	as long as short
Reya BTCRUSDPERP	+0.0109%	1h	85,459.6	−0.012%	$6.6M	$147.3M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0147%	1h	85,472.6	+0.003%	$872.2M	$1.60B	50x	as long as short
Kalshi KXBTCPERP	+0.0174%	8h	85,470	0.000%	$11.4M	$750.0M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,475.1	+0.006%	$13.0M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,506.5	+0.043%	$695K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0242%	1h	85,460.3	−0.011%	$78K	$225K	20x	as long as short
RISEx BTC/USDC	+0.0257%	1h	85,500.1	+0.035%	$8.8M	$43.1M	25x	as long as short