Settings8H · net · $10k
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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−0.0060%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.020%
Price spread now: gTrade (Gains Network) against Aevo+0.039%7-day average +0.029% · 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−$27as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Long on AevoShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.068%−$7 on $10k
Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.039%, 7d avg +0.029%
Together, before fees−0.046%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.029%, 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-PERP86,503.50.0064pay 0.0008% / 1h35m 29s$2.4M$1.3M20x
ShortgTrade (Gains Network) BTC/USD86,537.5L +0.0005% / S −0.0004%get 0.0001% / 1h35m 29s$36.8M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$12.5
Price spread: +0.039% → +0.029%
$1.04
Slippage, 4 orders
−$4.67
Fee Aevo: 8 bp × 2 orders
−$16
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$39.13
Costs to cover
0.277%
Break-even
never at this rate
Slippage from Aevo: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 4 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, 4 min ago0.78 bp9.4 bp −$912.1 bp −$12114.2 bp −$1,419doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago0.51 bp4.0 bp −$44.1 bp −$414.5 bp −$4466.4 bp −$3,183

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−0.0703%1h86,528.3+0.029%$140K$618K40xas long as short
Phoenix BTC−0.0159%1h86,627+0.143%$2.2M$11.8M40xas long as short
Aftermath Perps BTCUSD−0.0142%1h86,633.1+0.150%$83K$216K20xas long as short
Hotstuff BTC-PERP−0.0080%1h86,572+0.079%$9K$3K50xas long as short
dYdX BTC-USD−0.0010%1h86,530.8+0.031%$17.3M$20.5M50xas long as short
Aster BTCUSDT−0.0009%8h86,517.7+0.016%$504.9M$1.15B200xas long as short
01 Exchange BTCUSD−0.0008%1h86,545.9+0.049%$359K$2.4M50xas long as short
KuCoin XBTUSDTM0.0000%8h86,504.9+0.002%$851.2M$708.4M125xas long as short
Perpl BTC0.0000%43m86,562.9+0.069%$418K$23.9M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,531.9+0.033%$924.3M$1.47B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDshortL +0.0005% / S −0.0004%1h86,537.5+0.039%$36.8M—200x
RISEx BTC/USDC+0.0006%1h86,531+0.032%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,541+0.043%$6.7M$144.8M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559+0.064%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0030%8h86,493.2−0.012%$149.7M$475.1M150xas long as short
BingX BTC-USDT+0.0034%8h86,523.4+0.023%—$1.59B—as long as short
Hibachi BTC/USDT-P+0.0040%1h86,622+0.137%$730K$8.2M30xas long as short
Bitget BTCUSDT+0.0043%8h86,549.5+0.053%$2.95B$5.08B150xas long as short
MEXC BTC_USDT+0.0060%8h86,513.6+0.012%$5.17B$5.65B500xas long as short
Binance BTCUSDT+0.0061%8h86,530.3+0.031%$9.42B$24.31B150xas long as short
Aevo BTC-PERPlong+0.0064%1h86,503.5long leg$2.4M$1.3M20x
Gate BTC_USDT+0.0075%8h86,528.6+0.029%$5.85B$10.65B200xas long as short
Bybit BTCUSDT+0.0090%8h86,531.8+0.033%$5.27B$9.70B150xas long as short
Lighter BTC+0.0096%1h86,519.4+0.018%$171.6M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,536.1+0.038%$24.0M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,530+0.031%$8.5M$52.1M100xas long as short
SoDEX BTC-USD+0.0096%1h86,505+0.002%$60.5M$337.1M40xas long as short
Katana Perps BTC-USD+0.0100%8h86,512+0.010%$202K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,559.2+0.064%$4.7M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,513.5+0.011%$21.8M$233.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,592+0.102%$3.81B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,546.8+0.050%$41.1M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,540.8+0.043%$2.54B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,540+0.042%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,601.5+0.113%$7.4M$93.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.231%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,488.3−0.018%$38.4M$153.2M75xas long as short
Variational Omni BTC+0.0100%8h86,696.3+0.223%$156.8M$565.9M—as long as short
edgeX BTCUSDC+0.0100%4h86,594.3+0.105%$279.8M$944.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,592.5+0.103%$217.3M$173.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,642.9+0.161%$141.6M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,573.9+0.081%$30.7M$203.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,581+0.090%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,544+0.047%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,515+0.013%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,521.1+0.020%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,515.6+0.014%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,536.8+0.038%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,499.2−0.005%$2.30B$964.4M200xas long as short
Extended BTC-USD+0.0104%1h86,511.5+0.009%$46.4M$225.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,577.3+0.085%—$98.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,537.1+0.039%$131.6M$5.71B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,531.6+0.032%$191.5M$937.0M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,527.9+0.028%$15.1M—200xas long as short
BloFin BTC-USDT+0.0182%8h86,570+0.077%$414.5M$651.5M150xas long as short
Kalshi KXBTCPERP+0.0195%8h86,571+0.078%$9.6M$728.3M6.4xas long as short