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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Funding you earn now, next payment 01:00 UTC+0.0076%/8h= +8.4% APRnext payment +$0.10 per $10,000 · paid last 24h +0.035%
Price spread now: Deribit against Aevo+0.055%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Long on AevoShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 3 days (all we have)0.000%$0 · spread now +0.055%, 7d avg +0.066%
Together, before fees+0.013%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP86,1920.0080pay 0.0010% / 1h17m 06s$2.5M$1.8M20x
ShortDeribit BTC-PERPETUAL86,239.70.0156get 0.0020% / 1h17m 06s$902.1M$1.51B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$16.06
Price spread: +0.055% → +0.066%
−$1.06
Slippage, 4 orders
−$5.12
Fee Aevo: 8 bp × 2 orders
−$16
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$13.12
Costs to cover
0.281%
Break-even
12.7 days
Slippage from Aevo: live order book, 2 min ago; Deribit: live order book, 2 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, 2 min ago0.96 bp10.2 bp −$1011.8 bp −$118doesn't fitdoesn't fit
Sell Deribit live order book, 2 min ago0.93 bp4.4 bp −$45.4 bp −$5411.4 bp −$1,13924.2 bp −$12.1K

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−0.0129%1h86,239+0.054%$2.2M$11.2M40xas long as short
Bluefin BTC-PERP−0.0083%1h86,221.8+0.035%$144K$667K40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,248+0.065%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h86,225.1+0.038%$363K$2.4M50xas long as short
Perpl BTC0.0000%43m86,233.8+0.048%$541K$21.3M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,210+0.021%$36.8M—200xas long as short
dYdX BTC-USD+0.0022%1h86,243.1+0.059%$16.9M$20.5M50xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358+0.193%$343K$26.9M52xas long as short
Aster BTCUSDT+0.0028%8h86,221.3+0.034%$500.0M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0042%8h86,191.90.000%$830.7M$718.6M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0047%1h86,196+0.005%$6.7M$145.8M40xas long as short
BingX BTC-USDC+0.0050%8h86,217.1+0.029%—$15.3M—as long as short
RISEx BTC/USDC+0.0052%1h86,233.1+0.048%$8.3M$42.4M25xas long as short
Bitget BTCUSDT+0.0065%8h86,215.5+0.027%$2.97B$5.05B150xas long as short
SoDEX BTC-USD+0.0074%1h86,188−0.005%$60.4M$338.2M40xas long as short
Aevo BTC-PERPlong+0.0080%1h86,192long leg$2.5M$1.8M20x
MEXC BTC_USDT+0.0082%8h86,214.2+0.026%$5.09B$5.74B500xas long as short
Binance BTCUSDT+0.0083%8h86,245.6+0.062%$9.40B$24.33B150xas long as short
Gate BTC_USDT+0.0091%8h86,219.4+0.032%$5.76B$10.59B200xas long as short
Lighter BTC+0.0096%1h86,205.5+0.016%$170.3M$990.4M50xas long as short
Lighter RH BTC+0.0096%1h86,214.9+0.027%$23.6M$151.3M50xas long as short
Popdex BTCUSDT+0.0096%1h86,220+0.032%$8.4M$52.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,201+0.010%$196K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,241+0.057%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,239.4+0.055%$22.0M$227.0M50xas long as short
Hyperliquid BTC+0.0100%1h86,285+0.108%$3.78B$4.98B40xas long as short
Pacifica BTC+0.0100%1h86,248.8+0.066%$40.6M$558.6M50xas long as short
Bybit BTCUSDT+0.0100%8h86,254.6+0.073%$5.25B$9.67B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,262.8+0.082%$2.56B$12.46B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,218+0.030%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,248.6+0.066%$7.2M$95.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,145.7−0.054%$580.3M$59.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,200.7+0.010%$35.6M$160.6M75xas long as short
Variational Omni BTC+0.0100%8h86,271.9+0.093%$157.9M$558.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,274.4+0.096%$278.7M$950.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,277+0.099%$216.6M$165.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,283.5+0.106%$141.3M$321.0M100xas long as short
StandX BTC-USD+0.0100%1h86,247+0.064%$30.6M$208.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,261.7+0.081%—$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,224+0.037%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,194.3+0.003%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,180.5−0.013%$2.4M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,210.7+0.022%$30.3M$56.9M15xas long as short
SunX BTC-USDT+0.0100%8h86,203.5+0.013%$3.3M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,201.5+0.011%$2.29B$959.1M200xas long as short
Phemex BTCUSDT+0.0100%8h86,212.7+0.024%$155.1M$473.4M150xas long as short
Extended BTC-USD+0.0104%1h86,168.5−0.027%$46.0M$222.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,236.4+0.051%—$99.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,233.9+0.049%$132.2M$5.33B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,226.4+0.040%$191.7M$946.3M100xas long as short
Deribit BTC-PERPETUALshort+0.0156%1h86,239.7+0.055%$902.1M$1.51B50x
Hibachi BTC/USDT-P+0.0168%1h86,215.3+0.027%$712K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0170%1h86,315.6+0.143%$77K$217K20xas long as short
BloFin BTC-USDT+0.0203%8h86,184.8−0.008%$415.3M$641.0M150xas long as short
Kalshi KXBTCPERP+0.0204%8h86,236+0.051%$10.5M$765.9M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0222%1h86,206.3+0.017%$14.5M—200xas long as short