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 23:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.020%
Price spread now: Extended against BingX−0.011%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Long on BingXShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.089%+$9 on $10k
Price spread, last 7 days+0.021%+$2 · spread now −0.011%, 7d avg +0.004%
Together, before fees+0.110%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BTC-USDC86,395.40.0035pay 0.0035% / 8h1h 17m—$15.3M—
ShortExtended BTC-USD86,386.10.0104get 0.0013% / 1h17m 11s$45.5M$226.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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
$14.49
Price spread: −0.011% → +0.004%
−$1.45
Slippage, 4 orders
−$0.14
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$2.1
Costs to cover
0.151%
Break-even
8.0 days
Slippage from BingX: live order book, 1 min ago; Extended: 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 BingX live order book, 1 min ago0.01 bp5.0 bp −$55.3 bp −$536.5 bp −$6537.9 bp −$3,942
Sell Extended live order book, 2 min ago0.06 bp2.6 bp −$32.6 bp −$262.7 bp −$2668.9 bp −$4,452

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
Bluefin BTC-PERP−0.0795%1h86,419.3+0.028%$140K$620K40xas long as short
Phoenix BTC−0.0159%1h86,503+0.125%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,431+0.041%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0016%1h86,439.2+0.051%$358K$2.4M50xas long as short
Aster BTCUSDT−0.0009%8h86,406.6+0.013%$503.6M$1.15B200xas long as short
Perpl BTC0.0000%43m86,459.6+0.074%$423K$23.7M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,434.3+0.045%$920.7M$1.48B50xas long as short
KuCoin XBTUSDTM+0.0002%8h86,396.9+0.002%$851.4M$711.6M125xas long as short
dYdX BTC-USD+0.0004%1h86,452.8+0.066%$17.0M$21.1M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,422.8+0.032%$36.8M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0006%1h86,439+0.050%$8.5M$42.9M25xas long as short
Aftermath Perps BTCUSD+0.0011%1h86,486.3+0.105%$82K$217K20xas long as short
Reya BTCRUSDPERP+0.0023%1h86,398.5+0.004%$6.7M$145.0M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559+0.189%$315K$26.8M52xas long as short
BingX BTC-USDClong+0.0035%8h86,395.4long leg—$15.3M—
Phemex BTCUSDT+0.0038%8h86,415.6+0.023%$150.0M$476.9M150xas long as short
Bitget BTCUSDT+0.0046%8h86,394.8−0.001%$2.95B$5.10B150xas long as short
MEXC BTC_USDT+0.0064%8h86,402.1+0.008%$5.13B$5.70B500xas long as short
Aevo BTC-PERP+0.0064%1h86,395.10.000%$2.4M$1.3M20xas long as short
Binance BTCUSDT+0.0064%8h86,405.6+0.012%$9.43B$24.43B150xas long as short
Gate BTC_USDT+0.0079%8h86,406.3+0.013%$5.84B$10.74B200xas long as short
Bybit BTCUSDT+0.0092%8h86,409.2+0.016%$5.25B$9.77B150xas long as short
Lighter BTC+0.0096%1h86,418+0.026%$170.6M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,426.5+0.036%$24.1M$152.4M50xas long as short
Popdex BTCUSDT+0.0096%1h86,428+0.038%$8.5M$52.3M100xas long as short
Hibachi BTC/USDT-P+0.0096%1h86,499.1+0.120%$717K$8.2M30xas long as short
Katana Perps BTC-USD+0.0100%8h86,408+0.015%$199K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,470.8+0.087%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,454.1+0.068%$21.8M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,475+0.092%$3.80B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,464.8+0.080%$40.8M$513.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,410.7+0.018%$2.53B$12.72B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,433+0.044%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,491.5+0.111%$7.4M$94.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,498.7+0.120%$571.7M$18.6M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,391.9−0.004%$37.8M$155.2M75xas long as short
Variational Omni BTC+0.0100%8h86,498.8+0.120%$156.2M$568.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,531.2+0.157%$279.7M$948.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,484.2+0.103%$217.3M$176.0M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,540.1+0.167%$141.5M$323.4M100xas long as short
StandX BTC-USD+0.0100%1h86,483+0.101%$30.7M$203.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,478.9+0.097%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,413+0.020%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,402.5+0.008%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,408.7+0.015%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h86,407.4+0.014%$30.4M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,406.2+0.013%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,402+0.008%$60.4M$337.2M40xas long as short
HTX BTC-USDT+0.0100%8h86,395.60.000%$2.29B$968.5M200xas long as short
Extended BTC-USDshort+0.0104%1h86,386.1−0.011%$45.5M$226.0M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,449.7+0.063%—$98.8M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,444.1+0.056%$131.5M$5.69B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,424.9+0.034%$191.1M$943.8M100xas long as short
BloFin BTC-USDT+0.0184%8h86,401.9+0.008%$414.3M$653.7M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0185% / S −0.0211%1h86,415.2+0.023%$15.2M—200xas long as short
Kalshi KXBTCPERP+0.0199%8h86,460+0.075%$9.8M$734.2M6.4xas long as short