BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.030%

Price spread now: 01 Exchange against Aevo−0.069%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Aevo Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.086%−$9 on $10k

Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.069%, 7d avg +0.032%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.100% cheaper against Aevo than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BTC-PERP	85,713.7	0.0096	pay 0.0012% / 1h	22m 43s	$2.4M	$6.7M	20x
Short	01 Exchange BTCUSD	85,654.9	0	get 0.0000% / 1h	22m 43s	$354K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.069%Rate

Funding earned: −$20.16
Price spread: −0.069% → +0.032%: −$10.04
Slippage, 4 orders: −$5.35
Fee Aevo: 8 bp × 2 orders: −$16
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$58.55
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from Aevo: live order book, 1 min ago; 01 Exchange: live order book, 1 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, 1 min ago	0.61 bp	9.8 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 1 min ago	0.01 bp	5.1 bp −$5	10.5 bp −$105	doesn't fit	doesn't fit

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	−0.0830%	1h	85,756.1	+0.049%	$194K	$785K	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,640	−0.086%	$8K	$2K	50x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,706.9	−0.008%	$425.8M	$654.2M	150x	as long as short
Injective BTC/USDC PERP	−0.0006%	1h	85,652	−0.072%	$307K	$26.2M	52x	as long as short
01 Exchange BTCUSDshort	0.0000%	1h	85,654.9	−0.069%	$354K	$2.2M	50x
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,715	+0.002%	$36.7M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0022%	8h	85,765.9	+0.061%	$944.5M	$755.2M	125x	as long as short
Aster BTCUSDT	+0.0039%	8h	85,733.5	+0.023%	$504.4M	$1.05B	200x	as long as short
dYdX BTC-USD	+0.0051%	1h	85,738.3	+0.029%	$16.8M	$20.7M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0068%	1h	85,757.2	+0.051%	$186.4M	$915.3M	100x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix BTC	+0.0075%	1h	85,520	−0.226%	$2.3M	$10.4M	40x	as long as short
BingX BTC-USDT	+0.0080%	8h	85,743.1	+0.034%	—	$1.53B	—	as long as short
Nado BTC-PERP	+0.0085%	1h	85,650.1	−0.074%	$24.3M	$213.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	85,784.4	+0.083%	$172.1M	$951.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,759	+0.053%	$23.5M	$135.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,659	−0.064%	$8.7M	$56.4M	100x	as long as short
Aevo BTC-PERPlong	+0.0096%	1h	85,713.7	long leg	$2.4M	$6.7M	20x
Katana Perps BTC-USD	+0.0100%	8h	85,726	+0.014%	$266K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,791.2	+0.090%	$5.8M	$9.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	85,783.5	+0.081%	$40.4M	$602.4M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	85,749	+0.041%	$9.43B	$24.36B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,739.1	+0.030%	$5.10B	$9.67B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,754.9	+0.048%	$2.62B	$11.63B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,726	+0.014%	$3.9M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,755.2	+0.048%	$5.0M	$96.4M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,303.3	−0.479%	$702.0M	$164.8M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,759.8	+0.054%	$5.51B	$9.97B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	85,749.2	+0.041%	$5.06B	$5.78B	500x	as long as short
Bitget BTCUSDT	+0.0100%	8h	85,746.8	+0.039%	$2.99B	$4.91B	150x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,705.3	−0.010%	$37.7M	$192.1M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,352.3	−0.422%	$155.8M	$535.0M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,427	−0.334%	$285.6M	$964.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,464	−0.291%	$214.5M	$157.0M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,415	−0.348%	$136.6M	$312.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,531.9	−0.212%	$30.2M	$217.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,720.3	+0.008%	—	$9.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,686	−0.032%	$10.9M	$14.4M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,700	−0.016%	$210K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,710.5	−0.004%	$2.7M	$9.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,444.6	−0.314%	$28.8M	$52.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,735.7	+0.026%	$3.1M	$6.9M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,731	+0.020%	$60.0M	$311.9M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,722.5	+0.010%	$2.27B	$954.8M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,730.8	+0.020%	$165.2M	$510.2M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,723.5	+0.011%	$45.6M	$237.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,669.2	−0.052%	—	$104.2M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,772.9	+0.069%	$112.1M	$5.39B	50x	as long as short
Reya BTCRUSDPERP	+0.0151%	1h	85,671.2	−0.050%	$6.6M	$136.1M	40x	as long as short
Hyperliquid BTC	+0.0154%	1h	85,824	+0.129%	$3.86B	$4.73B	40x	as long as short
Kalshi KXBTCPERP	+0.0190%	8h	85,686	−0.032%	$10.8M	$735.9M	6.4x	as long as short
RISEx BTC/USDC	+0.0194%	1h	85,776.3	+0.073%	$9.0M	$41.7M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0198% / S −0.0175%	1h	85,718.7	+0.006%	$12.9M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0214%	1h	85,777.8	+0.075%	$833.0M	$1.64B	50x	as long as short
Hibachi BTC/USDT-P	+0.0344%	1h	85,586.9	−0.148%	$690K	$7.6M	30x	as long as short
Aftermath Perps BTCUSD	+0.0346%	1h	85,517.9	−0.228%	$81K	$259K	20x	as long as short
Perpl BTC	+0.0447%	43m	85,748.2	+0.040%	$453K	$17.2M	6.7x	as long as short