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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 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Arcus against ApeX Omni+0.144%7-day average +0.024% · 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−$3as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Long on ApeX OmniShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.010%+$1 on $10k
Price spread, last 7 days−0.119%−$12 · spread now +0.144%, 7d avg +0.024%
Together, before fees−0.109%−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.120% dearer against ApeX Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BTCUSDT86,4420.0100pay 0.0013% / 1h55m 05s$141.3M$323.3M100x
ShortArcus BTC-USD86,566.50.0100get 0.0013% / 1h55m 05s$7.6M$94.7M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.144% → +0.024%
$12.02
Slippage, 4 orders
−$0.86
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$3.34
Costs to cover
0.154%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; Arcus: 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 ApeX Omni live order book, 4 min ago0.21 bp5.2 bp −$55.2 bp −$5210.2 bp −$1,02138.0 bp −$19.0K
Sell Arcus live order book, 4 min ago0.01 bp2.3 bp −$22.3 bp −$232.5 bp −$251doesn't fit

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−0.0159%1h86,468+0.030%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,533+0.105%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,601+0.184%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,541.5+0.115%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,550.4+0.125%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0005%8h86,528.3+0.100%$503.8M$1.15B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,559.3+0.136%$36.9M—200xas long as short
KuCoin XBTUSDTM+0.0008%8h86,526.3+0.098%$850.3M$713.8M125xas long as short
Deribit BTC-PERPETUAL+0.0021%1h86,563.8+0.141%$917.2M$1.49B50xas long as short
Reya BTCRUSDPERP+0.0024%1h86,530+0.102%$6.7M$145.2M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0040%8h86,529.1+0.101%—$1.59B—as long as short
Phemex BTCUSDT+0.0042%8h86,535.8+0.109%$149.9M$478.0M150xas long as short
dYdX BTC-USD+0.0050%1h86,547.3+0.122%$17.0M$21.1M50xas long as short
Bitget BTCUSDT+0.0051%8h86,527.8+0.099%$2.96B$5.12B150xas long as short
Aevo BTC-PERP+0.0064%1h86,533.5+0.106%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0069%8h86,533.5+0.106%$5.13B$5.61B500xas long as short
Binance BTCUSDT+0.0069%8h86,533.3+0.106%$9.43B$24.52B150xas long as short
Gate BTC_USDT+0.0081%8h86,528.3+0.100%$5.88B$10.70B200xas long as short
Aftermath Perps BTCUSD+0.0086%1h86,463+0.024%$79K$220K20xas long as short
Lighter BTC+0.0096%1h86,542.8+0.117%$170.4M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,555.2+0.131%$24.0M$151.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,539+0.112%$8.5M$52.5M100xas long as short
Bybit BTCUSDT+0.0099%8h86,531.4+0.103%$5.26B$9.81B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,520+0.090%$200K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,553+0.128%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,522.4+0.093%$21.9M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,604+0.187%$3.80B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,543.8+0.118%$41.2M$521.5M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,533.8+0.106%$2.54B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,540+0.113%$3.9M$18.6M25xas long as short
Arcus BTC-USDshort+0.0100%1h86,566.5+0.144%$7.6M$94.7M40x
Bulk BTC-USD+0.0100%1h86,382.9−0.068%$571.1M$18.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,528.6+0.100%$37.9M$154.6M75xas long as short
Variational Omni BTC+0.0100%8h86,463.3+0.025%$155.7M$568.3M—as long as short
edgeX BTCUSDC+0.0100%4h86,420.7−0.025%$279.3M$944.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,455.1+0.015%$217.0M$173.5M50xas long as short
ApeX Omni BTCUSDTlong+0.0100%1h86,442long leg$141.3M$323.3M100x
StandX BTC-USD+0.0100%1h86,485.9+0.051%$30.7M$204.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,573.8+0.152%—$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,534+0.106%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,542.9+0.117%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,540.6+0.114%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,571.1+0.149%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,571.2+0.149%$30.6M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,459.3+0.020%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,531+0.103%$60.5M$337.6M40xas long as short
HTX BTC-USDT+0.0100%8h86,522.6+0.093%$2.30B$969.4M200xas long as short
Extended BTC-USD+0.0104%1h86,517.5+0.087%$45.3M$226.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,554.2+0.130%—$99.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,555.1+0.131%$192.1M$948.0M100xas long as short
Perpl BTC+0.0112%43m86,529.7+0.101%$417K$23.4M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,573.2+0.152%$132.6M$5.68B50xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,481.4+0.046%$718K$8.1M30xas long as short
BloFin BTC-USDT+0.0189%8h86,530.5+0.102%$414.8M$656.3M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0190% / S −0.0212%1h86,554.3+0.130%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0202%8h86,556+0.132%$9.7M$738.6M6.4xas long as short