BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.009%

Price spread now: Nado against Arcus−0.003%7-day average −0.026% · 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−$11as in the Price arb table

costs, in and out, $10k−$130.132% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 7 days−0.013%−$1 · spread now −0.003%, 7d avg −0.026%

Together, before fees−0.004%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.023% dearer against Arcus than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.026%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BTC-USD	85,603.5	0.0021	pay 0.0003% / 1h	0m 00s	$4.2M	$98.2M	40x
Short	Nado BTC-PERP	85,600.6	0.0011	get 0.0001% / 1h	0m 00s	$25.0M	$221.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Arcus. 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 ArcusbpFee NadobpOrdersPrice spread, now −0.003%Rate

Funding earned: −$2.13
Price spread: −0.003% → −0.026%: $2.29
Slippage, 4 orders: −$1.74
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$13.08
Costs to cover: 0.132%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; Nado: 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	3.9 bp −$4	4.7 bp −$47	5.8 bp −$579	doesn't fit
Sell Nado live order book, 4 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	4.2 bp −$418	10.5 bp −$5,226

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	−0.0179%	1h	85,565	−0.045%	$2.1M	$10.3M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,581	−0.026%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0048%	1h	85,603.9	0.000%	$367K	$2.3M	50x	as long as short
KuCoin XBTUSDTM	−0.0035%	8h	85,603.4	0.000%	$922.1M	$752.1M	125x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,600	−0.004%	$417.7M	$670.1M	150x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	85,636.3	+0.038%	$36.6M	—	200x	as long as short
dYdX BTC-USD	+0.0010%	1h	85,629.7	+0.031%	$16.8M	$21.3M	50x	as long as short
Nado BTC-PERPshort	+0.0011%	1h	85,600.6	−0.003%	$25.0M	$221.9M	50x
Aster BTCUSDT	+0.0014%	8h	85,628.6	+0.029%	$516.1M	$1.10B	200x	as long as short
Arcus BTC-USDlong	+0.0021%	1h	85,603.5	long leg	$4.2M	$98.2M	40x

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0063%	8h	85,628.6	+0.029%	—	$1.54B	—	as long as short
Phemex BTCUSDT	+0.0065%	8h	85,624.2	+0.024%	$148.6M	$489.1M	150x	as long as short
Bitget BTCUSDT	+0.0079%	8h	85,662.2	+0.069%	$2.96B	$5.10B	150x	as long as short
Bluefin BTC-PERP	+0.0081%	1h	85,675.6	+0.084%	$207K	$739K	40x	as long as short
Reya BTCRUSDPERP	+0.0088%	1h	85,626.4	+0.027%	$6.6M	$146.9M	40x	as long as short
Lighter BTC	+0.0096%	1h	85,642.4	+0.045%	$172.2M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,641.9	+0.045%	$23.9M	$149.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,618	+0.017%	$8.7M	$53.6M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,618.2	+0.017%	$2.5M	$1.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,586	−0.020%	$204K	$8.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,670.3	+0.078%	$5.2M	$9.1M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,714	+0.129%	$3.79B	$5.01B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,644.7	+0.048%	$40.3M	$581.6M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	85,623.8	+0.024%	$9.38B	$24.19B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,618.1	+0.017%	$5.20B	$9.82B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,677.3	+0.086%	$2.59B	$12.17B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,624	+0.024%	$3.8M	$17.8M	25x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,487.5	−0.136%	$672.1M	$698.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,625.6	+0.026%	$5.52B	$10.78B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	85,630.2	+0.031%	$5.07B	$5.66B	500x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,614.6	+0.013%	$35.7M	$177.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,565.9	−0.044%	$153.8M	$564.4M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,523.8	−0.093%	$279.4M	$922.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,554.3	−0.057%	$214.7M	$167.9M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,562.4	−0.048%	$139.9M	$314.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,544.2	−0.069%	$30.2M	$208.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,662.5	+0.069%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,620	+0.019%	$11.1M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,633.7	+0.035%	$194K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,626.8	+0.027%	$2.4M	$8.8M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,618.9	+0.018%	$30.0M	$50.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,595.5	−0.009%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,633	+0.034%	$60.0M	$336.1M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,620.6	+0.020%	$2.27B	$943.3M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,632.9	+0.034%	$44.8M	$231.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,592.5	−0.013%	—	$107.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,665.9	+0.073%	$117.3M	$5.21B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0106%	1h	85,669.5	+0.077%	$886.7M	$1.58B	50x	as long as short
Injective BTC/USDC PERP	+0.0150%	1h	85,610	+0.008%	$340K	$26.9M	52x	as long as short
Kraken Futures PF_XBTUSD	+0.0170%	1h	85,648.4	+0.052%	$187.7M	$953.6M	100x	as long as short
RISEx BTC/USDC	+0.0194%	1h	85,638.9	+0.041%	$8.4M	$42.6M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0202% / S −0.0178%	1h	85,634.1	+0.036%	$13.2M	—	200x	as long as short
Aftermath Perps BTCUSD	+0.0211%	1h	85,558.2	−0.053%	$78K	$220K	20x	as long as short
Kalshi KXBTCPERP	+0.0220%	8h	85,638	+0.040%	$10.4M	$755.0M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0256%	1h	85,621.2	+0.021%	$702K	$7.8M	30x	as long as short
Perpl BTC	+0.0335%	43m	85,617.5	+0.016%	$496K	$18.8M	6.7x	as long as short