Funding you earn now, next payment 01:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h +0.004%
Price spread now: Binance against Arcus−0.060%7-day average −0.031% · 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−$18as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Funding, last 3 days (all we have)−0.003%$0 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.060%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.028% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BTC-USD | 86,169.9 | 0.0100 | pay 0.0013% / 1h | 18m 40s | $7.2M | $95.0M | 40x |
| Short | Binance BTCUSDT | 86,118.4 | 0.0083 | get 0.0083% / 8h | 7h 18m | $9.38B | $24.33B | 150x |
Arcus BTC-USD
Binance BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.58
- Price spread: −0.060% → −0.031%
- −$2.85
- Slippage, 4 orders
- −$0.88
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$21.8
- Costs to cover
- 0.154%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 1 min ago; Binance: live order book, 11 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 Arcus live order book, 1 min ago | 0.01 bp | 2.5 bp −$3 | 2.6 bp −$26 | 5.2 bp −$519 | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.1 bp −$514 | 7.3 bp −$3,628 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0129% | 1h | 86,359 | +0.219% | $2.2M | $11.2M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0120% | 1h | 86,242.4 | +0.084% | $144K | $666K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,268 | +0.114% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,263.8 | +0.109% | $363K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,264.1 | +0.109% | $480K | $21.2M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,277.5 | +0.125% | $36.9M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0023% | 1h | 86,139 | −0.036% | $16.9M | $20.5M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.218% | $343K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0029% | 8h | 86,121.7 | −0.056% | $499.4M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0042% | 8h | 86,126.4 | −0.050% | $828.8M | $718.0M | 125x | as long as short |
Phoenix BTC
Bluefin BTC-PERP
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0047% | 1h | 86,268 | +0.114% | $6.7M | $145.8M | 40x | as long as short |
| BingX BTC-USDT | +0.0050% | 8h | 86,137.3 | −0.038% | — | $1.57B | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,265.6 | +0.111% | $8.3M | $42.4M | 25x | as long as short |
| Bitget BTCUSDT | +0.0064% | 8h | 86,135.2 | −0.040% | $2.96B | $5.05B | 150x | as long as short |
| SoDEX BTC-USD | +0.0077% | 1h | 86,158 | −0.014% | $60.3M | $338.2M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,212.5 | +0.049% | $2.5M | $1.8M | 20x | as long as short |
| Binance BTCUSDTshort | +0.0083% | 8h | 86,118.4 | −0.060% | $9.38B | $24.33B | 150x | |
| MEXC BTC_USDT | +0.0083% | 8h | 86,123.2 | −0.054% | $5.12B | $5.73B | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0090% | 1h | 86,206.6 | +0.043% | $902.2M | $1.51B | 50x | as long as short |
| Gate BTC_USDT | +0.0092% | 8h | 86,147.4 | −0.026% | $5.76B | $10.58B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,155.7 | −0.016% | $170.1M | $989.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,160.7 | −0.011% | $23.6M | $151.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,260 | +0.105% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,226 | +0.065% | $197K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,174.1 | +0.005% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,260.1 | +0.105% | $22.0M | $227.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,213 | +0.050% | $3.78B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,160.4 | −0.011% | $40.5M | $558.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,150.7 | −0.022% | $5.24B | $9.67B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,171 | +0.001% | $2.56B | $12.45B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,132 | −0.044% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USDlong | +0.0100% | 1h | 86,169.9 | long leg | $7.2M | $95.0M | 40x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,151.7 | −0.021% | $35.7M | $159.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,271.9 | +0.118% | $157.9M | $558.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,274.4 | +0.121% | $278.7M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,277 | +0.124% | $216.6M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,283.5 | +0.132% | $141.3M | $321.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,268.7 | +0.115% | $30.6M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,309.7 | +0.162% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,271 | +0.117% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,268.7 | +0.115% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,211.9 | +0.049% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,209.6 | +0.046% | $30.3M | $56.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,225.7 | +0.065% | $3.3M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,139.7 | −0.035% | $2.29B | $960.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,161.1 | −0.010% | $154.9M | $473.2M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,411.1 | +0.280% | $576.0M | $32.8M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,141.8 | −0.033% | $46.1M | $222.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,324.9 | +0.180% | — | $98.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,206.5 | +0.042% | $132.5M | $5.33B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,189.8 | +0.023% | $191.9M | $945.4M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,323 | +0.178% | $714K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0169% | 1h | 86,364.3 | +0.226% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0203% | 8h | 86,139.1 | −0.036% | $415.1M | $640.9M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0206% | 8h | 86,253 | +0.096% | $10.4M | $765.6M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0221% | 1h | 86,278.5 | +0.126% | $14.5M | — | 200x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
RISEx BTC/USDC
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Deribit BTC-PERPETUAL
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]