BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0141%/8h= +15.4% APRnext payment +$1.41 per $10,000 · paid last 24h −0.019%

Price spread now: BloFin against Bitget+0.027%7-day average +0.003% · 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−$22as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.027%, 7d avg +0.003%

Together, before fees−0.109%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.024% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BTCUSDT	86,673	0.0026	pay 0.0026% / 8h	2h 52m	$2.95B	$5.08B	150x
Short	BloFin BTC-USDT	86,696.6	0.0167	get 0.0167% / 8h	2h 52m	$419.6M	$641.9M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $29.62
Price spread: +0.027% → +0.003%: $2.39
Slippage, 4 orders: −$0.05
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $7.97
Costs to cover: 0.240%
Break-even: 5.1 days

Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 7 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 Bitget live order book, 2 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.0 bp −$601	doesn't fit
Sell BloFin live order book, 7 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	6.5 bp −$650	7.5 bp −$3,748

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
Perpl BTC	−0.0335%	43m	86,698.3	+0.029%	$425K	$25.4M	6.7x	as long as short
Aftermath Perps BTCUSD	−0.0190%	1h	86,813.6	+0.162%	$85K	$188K	20x	as long as short
Phoenix BTC	−0.0103%	1h	86,701	+0.032%	$2.2M	$12.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,676	+0.003%	$9K	$3K	50x	as long as short
dYdX BTC-USD	−0.0073%	1h	86,696.3	+0.027%	$18.1M	$19.9M	50x	as long as short
KuCoin XBTUSDTM	−0.0002%	8h	86,685.1	+0.014%	$845.8M	$708.4M	125x	as long as short
Bluefin BTC-PERP	−0.0001%	1h	86,682.8	+0.011%	$160K	$575K	40x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,735	+0.072%	$361K	$2.5M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	86,746	+0.084%	$8.8M	$725.0M	6.4x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0005%	1h	86,743.2	+0.081%	$36.7M	—	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BTCUSDT	+0.0015%	8h	86,654.2	−0.022%	$505.9M	$1.16B	200x	as long as short
BingX BTC-USDT	+0.0019%	8h	86,658.2	−0.017%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0021%	8h	86,698.8	+0.030%	$149.6M	$469.3M	150x	as long as short
Reya BTCRUSDPERP	+0.0021%	1h	86,718.9	+0.053%	$6.8M	$143.9M	40x	as long as short
Bitget BTCUSDTlong	+0.0026%	8h	86,673	long leg	$2.95B	$5.08B	150x
MEXC BTC_USDT	+0.0046%	8h	86,650.9	−0.025%	$5.21B	$5.63B	500x	as long as short
Binance BTCUSDT	+0.0047%	8h	86,672.4	−0.001%	$9.45B	$24.34B	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	86,709.2	+0.042%	$2.4M	$1.3M	20x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,732	+0.068%	$315K	$26.8M	52x	as long as short
OKX BTC-USDT-SWAP	+0.0058%	8h	86,675.2	+0.003%	$2.58B	$12.72B	100x	as long as short
Gate BTC_USDT	+0.0061%	8h	86,658.4	−0.017%	$5.86B	$10.55B	200x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,740.7	+0.078%	$9.0M	$42.1M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0069%	1h	86,747	+0.085%	$922.1M	$1.38B	50x	as long as short
Bybit BTCUSDT	+0.0077%	8h	86,667.9	−0.006%	$5.28B	$9.69B	150x	as long as short
Variational Omni BTC	+0.0088%	8h	86,792.9	+0.138%	$161.2M	$563.4M	—	as long as short
GRVT BTC_USDT_Perp	+0.0095%	8h	86,798	+0.144%	$217.8M	$191.2M	50x	as long as short
Lighter BTC	+0.0096%	1h	86,683	+0.012%	$172.3M	$1.00B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,694.6	+0.025%	$24.1M	$152.7M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,705	+0.037%	$8.5M	$52.1M	100x	as long as short
Orderly PERP_BTC_USDC	+0.0098%	8h	86,715.4	+0.049%	$2.5M	$8.4M	100x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,738.5	+0.076%	$4.8M	$8.2M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,705	+0.037%	$202K	$6.8M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,711	+0.044%	$21.9M	$237.9M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,755	+0.095%	$3.85B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,719.5	+0.054%	$41.6M	$484.5M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,701	+0.032%	$3.9M	$18.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,800.8	+0.147%	$7.6M	$95.4M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,919.5	+0.284%	$573.8M	$23.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,700.6	+0.032%	$38.2M	$148.1M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,752.1	+0.091%	$280.2M	$945.8M	100x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,805.9	+0.153%	$142.0M	$322.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,699	+0.030%	$30.8M	$205.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,780.3	+0.124%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,731	+0.067%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,722.6	+0.057%	$201K	$3.4M	20x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,704.9	+0.037%	$30.0M	$61.5M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,705.2	+0.037%	$3.4M	$5.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,696	+0.027%	$60.5M	$336.5M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,704.3	+0.036%	$2.30B	$954.3M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,678.4	+0.006%	$46.2M	$228.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,739.7	+0.077%	—	$98.1M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0116%	1h	86,738.2	+0.075%	$192.7M	$927.3M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,750.2	+0.089%	$132.2M	$5.93B	50x	as long as short
BloFin BTC-USDTshort	+0.0167%	8h	86,696.6	+0.027%	$419.6M	$641.9M	150x
GMX BTC/USD [WBTC.b-USDC]	L +0.0181% / S −0.0200%	1h	86,733.9	+0.070%	$15.4M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	86,708.9	+0.041%	$748K	$7.0M	30x	as long as short