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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0117%/8h= +12.9% APRpaid last 24h −0.027%
Price spread now: BloFin against Aevo+0.004%53s7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.316% of the position
Long on AevoShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 3 days (all we have)−0.015%−$1 · spread now +0.004%, 7d avg +0.015%
Together, before fees−0.019%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP86,631.10.0064pay 0.0008% / 1h38m 23s$2.4M$1.3M20x
ShortBloFin BTC-USDT86,634.40.0181get 0.0181% / 8h1h 38m$415.3M$652.1M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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

Funding earned
$24.67
Price spread: +0.004% → +0.015%
−$1.07
Slippage, 4 orders
−$3.64
Fee Aevo: 8 bp × 2 orders
−$16
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$8.04
Costs to cover
0.316%
Break-even
9.3 days
Slippage from Aevo: live order book, 1 min ago; BloFin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 1 min ago0.78 bp9.4 bp −$912.1 bp −$12114.2 bp −$1,419doesn't fit
Sell BloFin live order book, 6 min ago0.01 bp6.0 bp −$66.0 bp −$606.5 bp −$649doesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP−0.0809%1h86,685.1+0.062%$141K$618K40xas long as short
Aftermath Perps BTCUSD−0.0161%1h86,650.9+0.023%$83K$206K20xas long as short
Phoenix BTC−0.0159%1h86,688+0.066%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,615−0.019%$9K$3K50xas long as short
dYdX BTC-USD−0.0011%1h86,628.7−0.003%$17.5M$20.3M50xas long as short
01 Exchange BTCUSD−0.0008%1h86,659.3+0.033%$359K$2.4M50xas long as short
Aster BTCUSDT−0.0007%8h86,653.8+0.026%$505.7M$1.15B200xas long as short
Perpl BTC0.0000%43m86,655+0.028%$419K$23.9M6.7xas long as short
KuCoin XBTUSDTM+0.0001%8h86,653.1+0.025%$852.2M$707.5M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,682.4+0.059%$36.9M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BTC-PERPETUAL+0.0005%1h86,672.4+0.048%$925.6M$1.47B50xas long as short
RISEx BTC/USDC+0.0006%1h86,639.3+0.009%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,651.6+0.024%$6.7M$144.8M40xas long as short
Phemex BTCUSDT+0.0023%8h86,634.4+0.004%$150.1M$473.5M150xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559−0.083%$315K$26.8M52xas long as short
BingX BTC-USDT+0.0032%8h86,662.4+0.036%—$1.59B—as long as short
Hibachi BTC/USDT-P+0.0032%1h86,713.3+0.095%$733K$8.2M30xas long as short
Bitget BTCUSDT+0.0042%8h86,640.8+0.011%$2.96B$5.07B150xas long as short
MEXC BTC_USDT+0.0061%8h86,661.2+0.035%$5.19B$5.64B500xas long as short
Binance BTCUSDT+0.0061%8h86,662.8+0.037%$9.43B$24.30B150xas long as short
Aevo BTC-PERPlong+0.0064%1h86,631.1long leg$2.4M$1.3M20x
Gate BTC_USDT+0.0077%8h86,657+0.030%$5.86B$10.65B200xas long as short
Bybit BTCUSDT+0.0090%8h86,661.9+0.036%$5.28B$9.69B150xas long as short
Lighter BTC+0.0096%1h86,628.3−0.003%$172.1M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,628.5−0.003%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,654+0.026%$8.5M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,617−0.016%$204K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,659.7+0.033%$4.8M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,637+0.007%$21.8M$233.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,736+0.121%$3.82B$5.08B40xas long as short
Pacifica BTC+0.0100%1h86,650+0.022%$41.1M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,666.6+0.041%$2.55B$12.70B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,623−0.009%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,701.3+0.081%$7.4M$93.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.083%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,633.8+0.003%$38.4M$153.2M75xas long as short
Variational Omni BTC+0.0100%8h86,696.3+0.075%$156.8M$565.9M—as long as short
edgeX BTCUSDC+0.0100%4h86,683.8+0.061%$280.1M$943.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,681.9+0.059%$217.5M$175.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,693.4+0.072%$141.7M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,679.7+0.056%$30.8M$203.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,700.9+0.081%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,661+0.035%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,666.6+0.041%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,664.9+0.039%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,633.7+0.003%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,629.4−0.002%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,634+0.003%$60.5M$337.0M40xas long as short
HTX BTC-USDT+0.0100%8h86,630.5−0.001%$2.30B$964.0M200xas long as short
Extended BTC-USD+0.0104%1h86,618.7−0.014%$46.3M$225.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,662.4+0.036%—$98.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,686+0.063%$131.7M$5.72B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,675.7+0.051%$191.8M$936.8M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,678.6+0.055%$15.1M—200xas long as short
BloFin BTC-USDTshort+0.0181%8h86,634.4+0.004%$415.3M$652.1M150x
Kalshi KXBTCPERP+0.0193%8h86,676+0.052%$9.6M$727.5M6.4xas long as short