BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.018%

Price spread now: Coinbase International against Aevo+0.051%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−0.004%$0 · spread now +0.051%, 7d avg +0.059%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BTC-PERP	86,345	0.0064	pay 0.0008% / 1h	12m 19s	$2.4M	$1.3M	20x
Short	Coinbase International BTC-PERP-INTX	86,389.1	0.0112	get 0.0014% / 1h	12m 19s	$131.3M	$5.69B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee AevobpFee Coinbase InternationalbpOrdersPrice spread, now +0.051%Rate

Funding earned: $10.08
Price spread: +0.051% → +0.059%: −$0.81
Slippage, 4 orders: −$4.32
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.06
Costs to cover: 0.303%
Break-even: 21.6 days

Slippage from Aevo: live order book, 2 min ago; Coinbase International: live order book, 2 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 Aevo live order book, 2 min ago	0.99 bp	9.7 bp −$10	11.2 bp −$112	15.3 bp −$1,527	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.3 bp −$527	11.5 bp −$5,752

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
Bluefin BTC-PERP	−0.0656%	1h	86,373.6	+0.033%	$140K	$620K	40x	as long as short
Phoenix BTC	−0.0159%	1h	86,402	+0.066%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,347	+0.002%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,366.1	+0.024%	$360K	$2.5M	50x	as long as short
Aster BTCUSDT	−0.0011%	8h	86,345.6	+0.001%	$503.2M	$1.15B	200x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,384.7	+0.046%	$917.8M	$1.49B	50x	as long as short
KuCoin XBTUSDTM	+0.0003%	8h	86,342.3	−0.003%	$850.8M	$712.2M	125x	as long as short
dYdX BTC-USD	+0.0004%	1h	86,406.9	+0.072%	$17.0M	$21.1M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,371.6	+0.031%	$36.8M	—	200x	as long as short
RISEx BTC/USDC	+0.0006%	1h	86,360.9	+0.018%	$8.4M	$42.8M	25x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0023%	1h	86,345.8	+0.001%	$6.7M	$145.0M	40x	as long as short
Injective BTC/USDC PERP	+0.0024%	1h	86,360	+0.017%	$332K	$26.8M	52x	as long as short
BingX BTC-USDC	+0.0036%	8h	86,332.9	−0.014%	—	$15.3M	—	as long as short
Aftermath Perps BTCUSD	+0.0038%	1h	86,428	+0.096%	$81K	$218K	20x	as long as short
Phemex BTCUSDT	+0.0041%	8h	86,357.1	+0.014%	$150.1M	$476.7M	150x	as long as short
Bitget BTCUSDT	+0.0046%	8h	86,352.9	+0.009%	$2.95B	$5.10B	150x	as long as short
MEXC BTC_USDT	+0.0063%	8h	86,348.5	+0.004%	$5.14B	$5.70B	500x	as long as short
Binance BTCUSDT	+0.0064%	8h	86,350.7	+0.007%	$9.42B	$24.44B	150x	as long as short
Aevo BTC-PERPlong	+0.0064%	1h	86,345	long leg	$2.4M	$1.3M	20x
Gate BTC_USDT	+0.0080%	8h	86,354.3	+0.011%	$5.85B	$10.75B	200x	as long as short
Bybit BTCUSDT	+0.0093%	8h	86,351.1	+0.007%	$5.25B	$9.78B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,356.8	+0.014%	$170.5M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,370.6	+0.030%	$24.1M	$152.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,357	+0.014%	$8.4M	$52.4M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,336	−0.010%	$202K	$6.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,390.4	+0.053%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,352.8	+0.009%	$21.6M	$234.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,425.7	+0.093%	$3.80B	$5.10B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,389.5	+0.052%	$40.7M	$513.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,326.6	−0.021%	$2.53B	$12.71B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,362	+0.020%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,412	+0.078%	$7.8M	$94.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,498.7	+0.178%	$571.7M	$18.6M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,348.3	+0.004%	$37.8M	$155.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,394.8	+0.058%	$155.5M	$568.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,426.9	+0.095%	$279.3M	$949.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,418.2	+0.085%	$217.1M	$176.0M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,418.4	+0.085%	$141.3M	$323.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,380	+0.041%	$30.7M	$203.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,401.9	+0.066%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,354	+0.010%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,357	+0.014%	$190K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,356.2	+0.013%	$2.4M	$8.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,366.6	+0.025%	$30.6M	$62.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,349.3	+0.005%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,350	+0.006%	$60.4M	$337.3M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,346.3	+0.002%	$2.29B	$968.5M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,331	−0.016%	$45.5M	$226.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,371.2	+0.030%	—	$98.8M	500x	as long as short
Perpl BTC	+0.0112%	43m	86,372.8	+0.032%	$421K	$23.6M	6.7x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	86,387.5	+0.049%	$719K	$8.1M	30x	as long as short
Coinbase International BTC-PERP-INTXshort	+0.0112%	1h	86,389.1	+0.051%	$131.3M	$5.69B	50x
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,372.4	+0.032%	$191.1M	$944.0M	100x	as long as short
BloFin BTC-USDT	+0.0184%	8h	86,353.7	+0.010%	$414.2M	$653.5M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0187% / S −0.0213%	1h	86,365.2	+0.023%	$15.2M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0199%	8h	86,386	+0.048%	$9.8M	$734.6M	6.4x	as long as short