Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.018%
Price spread now: gTrade (Gains Network) against Arcus−0.057%7-day average −0.007% · 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−$19as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 3 days (all we have)−0.076%−$8 on $10k
+Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.057%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.050% cheaper against Arcus than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BTC-USD | 86,676.4 | 0.0100 | pay 0.0013% / 1h | 31m 59s | $7.5M | $93.6M | 40x |
| Short | gTrade (Gains Network) BTC/USD | 86,627.1 | L +0.0004% / S −0.0004% | get 0.0001% / 1h | 31m 59s | $37.0M | — | 200x |
Arcus BTC-USD
gTrade (Gains Network) BTC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$20.11
- Price spread: −0.057% → −0.007%
- −$5.03
- Slippage, 4 orders
- −$2.65
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$39.29
- Costs to cover
- 0.142%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 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, 2 min ago | 0.01 bp | 3.9 bp −$4 | 4.8 bp −$48 | 6.9 bp −$687 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,183 |
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 | −0.0231% | 1h | 86,605.4 | −0.082% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,642.5 | −0.039% | $428K | $24.9M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,539 | −0.159% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0082% | 1h | 86,671.7 | −0.005% | $17.6M | $20.5M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,605 | −0.082% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,631.7 | −0.052% | $363K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,617.7 | −0.068% | $935.3M | $1.44B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 86,583.9 | −0.107% | $843.9M | $704.8M | 125x | as long as short |
| gTrade (Gains Network) BTC/USDshort | L +0.0004% / S −0.0004% | 1h | 86,627.1 | −0.057% | $37.0M | — | 200x | |
| Aster BTCUSDT | +0.0009% | 8h | 86,572.8 | −0.120% | $505.5M | $1.16B | 200x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,600.1 | −0.088% | $6.7M | $144.3M | 40x | as long as short |
| BingX BTC-USDT | +0.0022% | 8h | 86,580.6 | −0.111% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0024% | 8h | 86,580.2 | −0.111% | $149.6M | $471.4M | 150x | as long as short |
| Bitget BTCUSDT | +0.0030% | 8h | 86,578.6 | −0.113% | $2.94B | $5.07B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,588.3 | −0.102% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,639 | −0.043% | $315K | $26.8M | 52x | as long as short |
| MEXC BTC_USDT | +0.0052% | 8h | 86,580.3 | −0.111% | $5.19B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0053% | 8h | 86,579.1 | −0.112% | $9.43B | $24.31B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,614.2 | −0.072% | $9.2M | $42.0M | 25x | as long as short |
| OKX BTC-USDT-SWAP | +0.0072% | 8h | 86,576.8 | −0.115% | $2.56B | $12.69B | 100x | as long as short |
| Gate BTC_USDT | +0.0074% | 8h | 86,584.5 | −0.106% | $5.85B | $10.63B | 200x | as long as short |
| Bybit BTCUSDT | +0.0082% | 8h | 86,570.1 | −0.123% | $5.27B | $9.67B | 150x | as long as short |
| Variational Omni BTC | +0.0092% | 8h | 86,584.3 | −0.106% | $160.0M | $567.1M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,598.2 | −0.090% | $172.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,599.3 | −0.089% | $24.0M | $153.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,605 | −0.082% | $8.5M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,597 | −0.092% | $194K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,668.9 | −0.009% | $4.8M | $8.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,614.2 | −0.072% | $21.7M | $235.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,655.4 | −0.024% | $3.82B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,646.1 | −0.035% | $41.3M | $490.3M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,614 | −0.072% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USDlong | +0.0100% | 1h | 86,676.4 | long leg | $7.5M | $93.6M | 40x | |
| Bulk BTC-USD | +0.0100% | 1h | 86,606.9 | −0.080% | $571.9M | $22.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,583.6 | −0.107% | $38.1M | $148.4M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,587.1 | −0.103% | $279.7M | $950.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,619.4 | −0.066% | $217.4M | $187.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,686.6 | +0.012% | $141.7M | $322.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,614.3 | −0.072% | $30.8M | $205.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,667.4 | −0.010% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,607 | −0.080% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,608.2 | −0.079% | $195K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,602.8 | −0.085% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,614.4 | −0.072% | $140K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,593.5 | −0.096% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,612.9 | −0.073% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,585 | −0.105% | $60.4M | $336.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,609 | −0.078% | $2.30B | $957.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,570.9 | −0.122% | $46.4M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,625.9 | −0.058% | — | $98.4M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,613.3 | −0.073% | $188.9M | $930.9M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,628 | −0.056% | $131.9M | $5.86B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0124% | 8h | 86,637 | −0.045% | $8.8M | $723.5M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0173% | 8h | 86,611.4 | −0.075% | $416.8M | $652.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0178% / S −0.0185% | 1h | 86,619.3 | −0.066% | $14.9M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 86,661.5 | −0.017% | $614K | $7.1M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
OKX BTC-USDT-SWAP
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Bulk BTC-USD
Backpack BTC_USDC_PERP
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P