BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.011%

Price spread now: Bitget against Binance+0.027%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.027%, 7d avg −0.002%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.028% dearer against Binance than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.002%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BTCUSDT	86,267.9	0.0083	pay 0.0083% / 8h	7h 20m	$9.40B	$24.27B	150x
Short	Bitget BTCUSDT	86,290.9	0.0064	get 0.0064% / 8h	7h 20m	$2.98B	$5.03B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$4
Price spread: +0.027% → −0.002%: $2.84
Slippage, 4 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$23.19
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bitget: live order book, 3 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 Binance live order book, 8 min ago	0.01 bp	5.0 bp −$5	5.2 bp −$52	5.8 bp −$584	6.6 bp −$3,293
Sell Bitget live order book, 3 min ago	0.01 bp	6.0 bp −$6	6.5 bp −$65	7.2 bp −$715	7.5 bp −$3,736

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
Bluefin BTC-PERP	−0.0161%	1h	86,307	+0.045%	$144K	$666K	40x	as long as short
Phoenix BTC	−0.0129%	1h	86,359	+0.106%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,322	+0.063%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,288.4	+0.024%	$363K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,315.4	+0.055%	$481K	$21.4M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,297.6	+0.034%	$36.9M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,358	+0.104%	$343K	$26.9M	52x	as long as short
dYdX BTC-USD	+0.0024%	1h	86,292.5	+0.029%	$16.9M	$20.5M	50x	as long as short
Aster BTCUSDT	+0.0030%	8h	86,282.3	+0.017%	$500.4M	$1.13B	200x	as long as short
KuCoin XBTUSDTM	+0.0042%	8h	86,272.1	+0.005%	$830.8M	$717.9M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0047%	1h	86,270.5	+0.003%	$6.7M	$145.7M	40x	as long as short
BingX BTC-USDT	+0.0050%	8h	86,291.4	+0.027%	—	$1.57B	—	as long as short
RISEx BTC/USDC	+0.0052%	1h	86,299.6	+0.037%	$8.3M	$42.4M	25x	as long as short
Bitget BTCUSDTshort	+0.0064%	8h	86,290.9	+0.027%	$2.98B	$5.03B	150x
Aevo BTC-PERP	+0.0080%	1h	86,286.5	+0.022%	$2.5M	$1.8M	20x	as long as short
SoDEX BTC-USD	+0.0082%	1h	86,285	+0.020%	$60.3M	$338.2M	40x	as long as short
MEXC BTC_USDT	+0.0083%	8h	86,264.2	−0.004%	$5.13B	$5.72B	500x	as long as short
Binance BTCUSDTlong	+0.0083%	8h	86,267.9	long leg	$9.40B	$24.27B	150x
Lighter BTC	+0.0096%	1h	86,282.5	+0.017%	$170.4M	$987.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,296.4	+0.033%	$23.7M	$150.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,267	−0.001%	$8.4M	$52.0M	100x	as long as short
Gate BTC_USDT	+0.0099%	8h	86,294.1	+0.030%	$5.78B	$10.56B	200x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,256	−0.014%	$197K	$7.2M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,308.2	+0.047%	$4.2M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,310.5	+0.049%	$22.1M	$227.1M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,355	+0.101%	$3.79B	$4.97B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,306	+0.044%	$41.1M	$552.2M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,274.5	+0.008%	$5.25B	$9.66B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,298.9	+0.036%	$2.56B	$12.45B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,287	+0.022%	$3.9M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,313.2	+0.052%	$7.2M	$94.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,269.1	+0.001%	$37.2M	$158.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,271.9	+0.005%	$157.9M	$558.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,378.6	+0.128%	$279.0M	$949.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,434.6	+0.193%	$217.1M	$165.2M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,403.6	+0.157%	$141.5M	$321.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,336.6	+0.080%	$30.7M	$208.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,328.2	+0.070%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,274	+0.007%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,278	+0.012%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,280.9	+0.015%	$2.4M	$8.9M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,310.7	+0.050%	$30.3M	$57.5M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,256.6	−0.013%	$3.4M	$5.4M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,270.1	+0.003%	$2.29B	$958.7M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	86,290.4	+0.026%	$155.0M	$473.4M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,411.1	+0.166%	$576.0M	$32.8M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,271	+0.004%	$46.1M	$222.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,323.6	+0.065%	—	$98.4M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,337.7	+0.081%	$132.4M	$5.34B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,326	+0.067%	$192.4M	$944.4M	100x	as long as short
Deribit BTC-PERPETUAL	+0.0155%	1h	86,337.9	+0.081%	$902.2M	$1.51B	50x	as long as short
Hibachi BTC/USDT-P	+0.0168%	1h	86,341.8	+0.086%	$709K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0170%	1h	86,399.2	+0.152%	$77K	$217K	20x	as long as short
BloFin BTC-USDT	+0.0203%	8h	86,280.1	+0.014%	$415.0M	$641.3M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0206% / S −0.0221%	1h	86,292.4	+0.028%	$14.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	86,319	+0.059%	$10.6M	$765.4M	6.4x	as long as short