Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.009%
Price spread now: Bybit against Binance+0.004%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Long on BinanceShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.013%−$1 on $10k
Price spread, last 7 days−0.010%−$1 · spread now +0.004%, 7d avg −0.001%
Together, before fees−0.024%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BTCUSDT86,5300.0060pay 0.0060% / 8h1h 51m$9.42B$24.40B150x
ShortBybit BTCUSDT86,533.70.0088get 0.0088% / 8h1h 51m$5.27B$9.74B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$5.92
Price spread: +0.004% → −0.001%
$0.49
Slippage, 4 orders
−$0.02
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$14.62
Costs to cover
0.210%
Break-even
24.3 days
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago0.01 bp5.0 bp −$55.0 bp −$505.6 bp −$5627.0 bp −$3,513
Sell Bybit live order book, 2 min ago0.01 bp5.5 bp −$65.5 bp −$555.9 bp −$5887.5 bp −$3,761

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps BTCUSD−0.0206%1h86,613.4+0.096%$79K$199K20xas long as short
Phoenix BTC−0.0159%1h86,601+0.082%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,564+0.039%$9K$3K50xas long as short
dYdX BTC-USD−0.0028%1h86,590.3+0.070%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD−0.0008%1h86,591.9+0.072%$359K$2.4M50xas long as short
Aster BTCUSDT−0.0006%8h86,527.7−0.003%$505.2M$1.16B200xas long as short
Perpl BTC0.0000%43m86,555.1+0.029%$421K$24.2M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,565.7+0.041%$925.9M$1.47B50xas long as short
KuCoin XBTUSDTM+0.0003%8h86,520.3−0.011%$850.5M$709.5M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,558.8+0.033%$36.8M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0006%1h86,585.5+0.064%$8.5M$43.2M25xas long as short
Hibachi BTC/USDT-P+0.0008%1h86,596.7+0.077%$725K$8.1M30xas long as short
Reya BTCRUSDPERP+0.0022%1h86,557.3+0.032%$6.7M$144.7M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,587+0.066%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0028%8h86,552.4+0.026%$149.7M$473.4M150xas long as short
BingX BTC-USDT+0.0030%8h86,533.4+0.004%—$1.59B—as long as short
Bitget BTCUSDT+0.0038%8h86,532.5+0.003%$2.95B$5.09B150xas long as short
Aevo BTC-PERP+0.0056%1h86,532.4+0.003%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0059%8h86,529.70.000%$5.19B$5.61B500xas long as short
Binance BTCUSDTlong+0.0060%8h86,530long leg$9.42B$24.40B150x
SoDEX BTC-USD+0.0063%1h86,528−0.002%$60.5M$336.7M40xas long as short
Gate BTC_USDT+0.0084%8h86,528.8−0.001%$5.85B$10.62B200xas long as short
Bybit BTCUSDTshort+0.0088%8h86,533.7+0.004%$5.27B$9.74B150x
Lighter BTC+0.0096%1h86,536.6+0.008%$172.0M$997.3M50xas long as short
Lighter RH BTC+0.0096%1h86,550.8+0.024%$24.0M$151.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,576+0.053%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,561+0.036%$205K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,614.3+0.097%$4.8M$8.3M50xas long as short
Nado BTC-PERP+0.0100%1h86,545.6+0.018%$21.6M$234.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,609.2+0.092%$3.81B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,610.2+0.093%$41.0M$499.4M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,535.1+0.006%$2.55B$12.72B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,570+0.046%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,648.3+0.137%$7.4M$94.1M40xas long as short
Bulk BTC-USD+0.0100%1h86,590.2+0.070%$572.1M$20.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,532.5+0.003%$38.2M$153.0M75xas long as short
Variational Omni BTC+0.0100%8h86,582.6+0.061%$156.4M$568.8M—as long as short
edgeX BTCUSDC+0.0100%4h86,613.4+0.096%$279.8M$941.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,665.5+0.157%$217.4M$182.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,648.6+0.137%$141.6M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,577.3+0.055%$30.7M$202.9M40xas long as short
Vest BTC-PERP+0.0100%1h86,624.6+0.109%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,574+0.051%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,554.3+0.028%$193K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,548.9+0.022%$2.4M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,556.1+0.030%$140K$618K40xas long as short
Derive BTC-PERP+0.0100%1h86,533.8+0.004%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,547.8+0.021%$3.4M$5.5M100xas long as short
HTX BTC-USDT+0.0100%8h86,531.1+0.001%$2.30B$959.5M200xas long as short
Extended BTC-USD+0.0104%1h86,519−0.013%$46.4M$225.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,570.5+0.047%—$99.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,576+0.053%$131.6M$5.78B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,562.3+0.037%$191.3M$937.3M100xas long as short
BloFin BTC-USDT+0.0180%8h86,545.9+0.018%$416.7M$655.0M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0210%1h86,555.9+0.030%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0187%8h86,585+0.064%$9.5M$726.7M6.4xas long as short