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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 22:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.08 per $10,000 · paid last 24h −0.001%
Price spread now: Kraken Futures against Aevo+0.034%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Long on AevoShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.034%, 7d avg +0.033%
Together, before fees+0.014%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, 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-PERP86,7540.0056pay 0.0007% / 1h25m 25s$2.4M$1.3M20x
ShortKraken Futures PF_XBTUSD86,783.40.0116get 0.0015% / 1h25m 25s$188.5M$932.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$12.67
Price spread: +0.034% → +0.033%
$0.11
Slippage, 4 orders
−$4.56
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$17.78
Costs to cover
0.306%
Break-even
16.8 days
Slippage from Aevo: live order book, 4 min ago; Kraken Futures: live order book, 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 ago0.79 bp10.1 bp −$1011.4 bp −$11414.1 bp −$1,410doesn't fit
Sell Kraken Futures live order book, 4 min ago0.06 bp5.1 bp −$55.1 bp −$516.6 bp −$6569.0 bp −$4,485

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
Aftermath Perps BTCUSD−0.0236%1h86,676.1−0.090%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,781+0.031%$431K$24.8M6.7xas long as short
Phoenix BTC−0.0103%1h86,583−0.197%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,653−0.116%$9K$3K50xas long as short
dYdX BTC-USD−0.0073%1h86,784.5+0.035%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,779.3+0.029%$364K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,785.2+0.036%$935.2M$1.45B50xas long as short
KuCoin XBTUSDTM+0.0002%8h86,743.7−0.012%$847.6M$704.9M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,774.4+0.024%$36.9M—200xas long as short
Aster BTCUSDT+0.0009%8h86,745.5−0.010%$506.6M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,751.1−0.003%$6.7M$144.4M40xas long as short
Phemex BTCUSDT+0.0023%8h86,747.9−0.007%$150.3M$471.8M150xas long as short
BingX BTC-USDT+0.0025%8h86,756.1+0.002%—$1.60B—as long as short
Bitget BTCUSDT+0.0033%8h86,755+0.001%$2.96B$5.08B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639−0.133%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0055%8h86,751.2−0.003%$5.19B$5.69B500xas long as short
Aevo BTC-PERPlong+0.0056%1h86,754long leg$2.4M$1.3M20x
Binance BTCUSDT+0.0057%8h86,751.3−0.003%$9.45B$24.33B150xas long as short
RISEx BTC/USDC+0.0063%1h86,762.7+0.010%$9.2M$42.0M25xas long as short
Gate BTC_USDT+0.0079%8h86,756.1+0.002%$5.86B$10.65B200xas long as short
OKX BTC-USDT-SWAP+0.0079%8h86,767.3+0.015%$2.56B$12.74B100xas long as short
Bybit BTCUSDT+0.0083%8h86,753.1−0.001%$5.28B$9.69B150xas long as short
Variational Omni BTC+0.0095%8h86,614.5−0.161%$160.3M$564.8M—as long as short
Lighter BTC+0.0096%1h86,758.4+0.005%$171.9M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,760.1+0.007%$24.0M$153.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,752−0.002%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,741−0.015%$194K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,795.9+0.048%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,742−0.014%$21.8M$235.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,829+0.086%$3.82B$5.13B40xas long as short
Pacifica BTC+0.0100%1h86,776.9+0.026%$41.0M$492.6M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,755+0.001%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,819.4+0.075%$7.8M$94.5M40xas long as short
Bulk BTC-USD+0.0100%1h86,577.9−0.203%$571.8M$22.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,760.1+0.007%$38.2M$148.4M75xas long as short
edgeX BTCUSDC+0.0100%4h86,653.8−0.115%$280.0M$950.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,676.9−0.089%$217.6M$187.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,687.3−0.077%$141.5M$322.6M100xas long as short
StandX BTC-USD+0.0100%1h86,729.7−0.028%$30.8M$205.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,801.6+0.055%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,7540.000%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,7540.000%$198K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,773.3+0.022%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,780.3+0.030%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,758.8+0.006%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,741.8−0.014%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,751−0.003%$60.6M$336.4M40xas long as short
HTX BTC-USDT+0.0100%8h86,759.1+0.006%$2.30B$958.2M200xas long as short
Extended BTC-USD+0.0104%1h86,742.6−0.013%$46.3M$228.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,775+0.024%—$98.6M500xas long as short
Kraken Futures PF_XBTUSDshort+0.0116%1h86,783.4+0.034%$188.5M$932.5M100x
Coinbase International BTC-PERP-INTX+0.0120%1h86,796+0.048%$132.3M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0130%8h86,763+0.010%$9.6M$725.8M6.4xas long as short
BloFin BTC-USDT+0.0175%8h86,679.4−0.086%$417.3M$653.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0179% / S −0.0201%1h86,770.5+0.019%$14.7M—200xas long as short
Hibachi BTC/USDT-P+0.0224%1h86,778.9+0.029%$617K$7.1M30xas long as short