Funding you earn now, next payment 23:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.009%
Price spread now: Bybit against Arcus−0.056%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−$160.158% of the position
Funding, last 3 days (all we have)−0.004%$0 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.056%, 7d avg −0.031%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.025% 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 | 86,695.8 | 0.0100 | pay 0.0013% / 1h | 55m 15s | $7.4M | $94.1M | 40x |
| Short | Bybit BTCUSDT | 86,647.1 | 0.0087 | get 0.0087% / 8h | 1h 55m | $5.27B | $9.74B | 150x |
Arcus BTC-USD
Bybit BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$2.63
- Price spread: −0.056% → −0.031%
- −$2.51
- Slippage, 4 orders
- −$0.25
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$20.89
- Costs to cover
- 0.158%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 0.01 bp | 2.3 bp −$2 | 3.0 bp −$30 | 5.4 bp −$542 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.01 bp | 5.5 bp −$6 | 5.5 bp −$55 | 5.9 bp −$593 | 7.2 bp −$3,612 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0223% | 1h | 86,631 | −0.075% | $79K | $197K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,639 | −0.066% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,617 | −0.091% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0041% | 1h | 86,634.7 | −0.070% | $17.6M | $20.6M | 50x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 86,632.2 | −0.073% | $505.8M | $1.16B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,674.1 | −0.025% | $359K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,667.5 | −0.033% | $422K | $24.4M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,668.5 | −0.032% | $926.2M | $1.47B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 86,649.4 | −0.054% | $851.9M | $709.6M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,669.5 | −0.030% | $36.9M | — | 200x | as long as short |
Aftermath Perps BTCUSD
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0006% | 1h | 86,640.9 | −0.063% | $8.5M | $43.2M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0008% | 1h | 86,625.8 | −0.081% | $726K | $8.1M | 30x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,661.6 | −0.039% | $6.7M | $144.6M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,587 | −0.125% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0030% | 8h | 86,642.6 | −0.061% | $149.8M | $473.0M | 150x | as long as short |
| BingX BTC-USDC | +0.0030% | 8h | 86,640 | −0.064% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0038% | 8h | 86,636.1 | −0.069% | $2.95B | $5.09B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,646.5 | −0.057% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,654.9 | −0.047% | $5.20B | $5.60B | 500x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,649.2 | −0.054% | $9.43B | $24.38B | 150x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,652.2 | −0.050% | $5.86B | $10.61B | 200x | as long as short |
| Nado BTC-PERP | +0.0085% | 1h | 86,609.6 | −0.099% | $21.6M | $234.6M | 50x | as long as short |
| Bybit BTCUSDTshort | +0.0087% | 8h | 86,647.1 | −0.056% | $5.27B | $9.74B | 150x | |
| SoDEX BTC-USD | +0.0088% | 1h | 86,640 | −0.064% | $60.5M | $336.7M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,654.3 | −0.048% | $172.2M | $996.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,643 | −0.061% | $24.1M | $151.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,650 | −0.053% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,628 | −0.078% | $201K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,663.9 | −0.037% | $4.8M | $8.3M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,741 | +0.052% | $3.82B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,656.7 | −0.045% | $41.0M | $499.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,640.4 | −0.064% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,615 | −0.093% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USDlong | +0.0100% | 1h | 86,695.8 | long leg | $7.4M | $94.1M | 40x | |
| Bulk BTC-USD | +0.0100% | 1h | 86,590.2 | −0.122% | $572.1M | $20.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,610.2 | −0.099% | $38.3M | $152.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,582.6 | −0.131% | $156.4M | $568.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,554.6 | −0.163% | $279.5M | $940.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,561 | −0.155% | $217.2M | $183.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,556.4 | −0.161% | $141.5M | $322.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,556 | −0.161% | $30.7M | $203.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,694.7 | −0.001% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,667 | −0.033% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,655 | −0.047% | $193K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,651.1 | −0.052% | $2.5M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,665.4 | −0.035% | $141K | $618K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,638.5 | −0.066% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,624.2 | −0.083% | $3.4M | $5.5M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,645.2 | −0.058% | $2.30B | $960.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,619.2 | −0.088% | $46.4M | $226.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,639.5 | −0.065% | — | $98.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,677.8 | −0.021% | $131.8M | $5.81B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,676.4 | −0.022% | $191.5M | $937.5M | 100x | as long as short |
| BloFin BTC-USDT | +0.0180% | 8h | 86,642.7 | −0.061% | $417.2M | $655.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0210% | 1h | 86,667.5 | −0.033% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 86,662 | −0.039% | $9.6M | $726.5M | 6.4x | as long as short |
RISEx BTC/USDC
Hibachi BTC/USDT-P
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Nado BTC-PERP
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP