Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.008%
Price spread now: Bullet against Aevo+0.014%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$300.295% of the position
Long on AevoShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.011%+$1 on $10k
Price spread, last 3 days (all we have)+0.015%+$1 · spread now +0.014%, 7d avg +0.020%
Together, before fees+0.026%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP86,461.80.0064pay 0.0008% / 1h56m 39s$2.4M$1.3M20x
ShortBullet BTC-USD86,473.50.0100get 0.0013% / 1h56m 39s$190K$3.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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
$7.56
Price spread: +0.014% → +0.020%
−$0.61
Slippage, 4 orders
−$5.51
Fee Aevo: 8 bp × 2 orders
−$16
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$22.56
Costs to cover
0.295%
Break-even
27.9 days
Slippage from Aevo: live order book, 3 min ago; Bullet: live order book, 3 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, 3 min ago0.90 bp9.9 bp −$1011.1 bp −$11115.4 bp −$1,545doesn't fit
Sell Bullet live order book, 3 min ago0.41 bp4.4 bp −$47.5 bp −$75doesn't fitdoesn'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
Phoenix BTC−0.0159%1h86,352−0.127%$2.2M$11.7M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,460−0.002%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,424−0.044%$332K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,502.7+0.047%$8.3M$42.8M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,508.9+0.054%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0006%8h86,490.8+0.034%$503.6M$1.15B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,484.7+0.026%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0008%8h86,467.4+0.006%$849.7M$713.6M125xas long as short
Deribit BTC-PERPETUAL+0.0017%1h86,502.7+0.047%$917.4M$1.49B50xas long as short
Reya BTCRUSDPERP+0.0024%1h86,448.4−0.016%$6.7M$145.2M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0040%8h86,503.8+0.049%—$1.59B—as long as short
Phemex BTCUSDT+0.0042%8h86,471.3+0.011%$149.8M$477.8M150xas long as short
Bitget BTCUSDT+0.0051%8h86,501.1+0.045%$2.96B$5.12B150xas long as short
dYdX BTC-USD+0.0058%1h86,452.4−0.011%$17.0M$21.1M50xas long as short
Aevo BTC-PERPlong+0.0064%1h86,461.8long leg$2.4M$1.3M20x
MEXC BTC_USDT+0.0068%8h86,482.7+0.024%$5.13B$5.61B500xas long as short
Binance BTCUSDT+0.0069%8h86,501.9+0.046%$9.42B$24.51B150xas long as short
Aftermath Perps BTCUSD+0.0082%1h86,424.1−0.044%$79K$220K20xas long as short
Gate BTC_USDT+0.0082%8h86,493.6+0.037%$5.84B$10.69B200xas long as short
Lighter BTC+0.0096%1h86,481.4+0.023%$170.3M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,498.9+0.043%$24.0M$151.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,502+0.046%$8.5M$52.5M100xas long as short
Bybit BTCUSDT+0.0099%8h86,499.9+0.044%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,480+0.021%$203K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,514.1+0.060%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,465+0.004%$21.9M$234.6M50xas long as short
Hyperliquid BTC+0.0100%1h86,547+0.099%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,503.7+0.048%$41.2M$521.5M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,506.3+0.051%$2.54B$12.72B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,490+0.033%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,535.6+0.085%$7.6M$94.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,382.9−0.091%$571.1M$18.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,462.4+0.001%$37.8M$154.6M75xas long as short
Variational Omni BTC+0.0100%8h86,337.9−0.143%$155.6M$568.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,393.2−0.079%$279.2M$943.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,348.3−0.131%$216.7M$173.5M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,396.2−0.076%$141.2M$323.3M100xas long as short
StandX BTC-USD+0.0100%1h86,425.5−0.042%$30.7M$204.2M40xas long as short
Vest BTC-PERP+0.0100%1h86,535.4+0.085%—$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,451−0.013%$11.1M$13.8M50xas long as short
Bullet BTC-USDshort+0.0100%1h86,473.5+0.014%$190K$3.3M20x
Orderly PERP_BTC_USDC+0.0100%8h86,470+0.009%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,503.3+0.048%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,501.5+0.046%$30.6M$62.2M15xas long as short
SunX BTC-USDT+0.0100%8h86,460.3−0.002%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,470+0.009%$60.4M$337.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,440−0.025%$2.29B$969.3M200xas long as short
Extended BTC-USD+0.0104%1h86,483.3+0.025%$45.4M$226.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,470.3+0.010%—$99.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,497.2+0.041%$192.2M$947.8M100xas long as short
Perpl BTC+0.0112%43m86,446.9−0.017%$417K$23.4M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,511.9+0.058%$132.3M$5.68B50xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,468.3+0.007%$719K$8.1M30xas long as short
BloFin BTC-USDT+0.0189%8h86,471.5+0.011%$414.6M$655.4M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0190% / S −0.0213%1h86,480.8+0.022%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0201%8h86,470+0.009%$9.8M$738.0M6.4xas long as short