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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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.

Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.28 per $10,000 · paid last 24h −0.004%
Price spread now: Gate against Bitget0.000%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Long on BitgetShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 7 days−0.006%−$1 · spread now 0.000%, 7d avg −0.002%
Together, before fees−0.025%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BTCUSDT86,4880.0053pay 0.0053% / 8h16m 09s$2.97B$5.13B150x
ShortGate BTC_USDT86,487.90.0081get 0.0081% / 8h16m 09s$5.86B$10.79B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$5.88
Price spread: 0.000% → −0.002%
$0.16
Slippage, 4 orders
−$0.02
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$20.99
Costs to cover
0.270%
Break-even
32.0 days
Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 3 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 Bitget live order book, 3 min ago0.01 bp6.0 bp −$66.0 bp −$606.6 bp −$658doesn't fit
Sell Gate live order book, 3 min ago0.01 bp7.5 bp −$87.7 bp −$778.7 bp −$86710.8 bp −$5,384

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
Phoenix BTC−0.0118%1h86,476−0.014%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,473−0.017%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,345−0.165%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,504.8+0.019%$8.3M$42.7M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,503.2+0.018%$359K$2.4M50xas long as short
Perpl BTC0.0000%43m86,479.1−0.010%$410K$22.7M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,501.2+0.015%$36.8M—200xas long as short
Aster BTCUSDT+0.0005%8h86,489.8+0.002%$501.8M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0018%8h86,483.5−0.005%$834.7M$728.5M125xas long as short
Reya BTCRUSDPERP+0.0034%1h86,491.7+0.004%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0042%8h86,490.4+0.003%—$1.59B—as long as short
Phemex BTCUSDT+0.0052%8h86,483.8−0.005%$150.4M$478.4M150xas long as short
Bitget BTCUSDTlong+0.0053%8h86,488long leg$2.97B$5.13B150x
dYdX BTC-USD+0.0063%1h86,501.8+0.016%$16.9M$21.2M50xas long as short
MEXC BTC_USDT+0.0070%8h86,483.7−0.005%$5.16B$5.68B500xas long as short
Aevo BTC-PERP+0.0072%1h86,473.6−0.017%$2.4M$1.3M20xas long as short
Binance BTCUSDT+0.0072%8h86,483.8−0.005%$9.43B$24.55B150xas long as short
Gate BTC_USDTshort+0.0081%8h86,487.90.000%$5.86B$10.79B200x
Lighter BTC+0.0096%1h86,497+0.010%$170.2M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,505.8+0.021%$23.9M$152.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,495+0.008%$8.5M$52.4M100xas long as short
Bybit BTCUSDT+0.0097%8h86,488.8+0.001%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,479−0.010%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,543.6+0.064%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,494.4+0.007%$21.8M$234.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,565+0.089%$3.79B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,529+0.047%$41.1M$535.5M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,499.5+0.013%$2.55B$12.74B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,507+0.022%$3.9M$18.5M25xas long as short
Arcus BTC-USD+0.0100%1h86,528.7+0.047%$7.4M$95.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,449−0.045%$572.1M$12.5M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,482.3−0.007%$38.0M$157.4M75xas long as short
Variational Omni BTC+0.0100%8h86,485.4−0.003%$157.1M$568.4M—as long as short
edgeX BTCUSDC+0.0100%4h86,410.1−0.090%$279.1M$946.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,458.4−0.034%$217.1M$172.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,463.9−0.028%$141.4M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,430.9−0.066%$30.7M$206.0M40xas long as short
Vest BTC-PERP+0.0100%1h86,535+0.054%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,498+0.012%$11.1M$13.9M50xas long as short
Bullet BTC-USD+0.0100%1h86,485.8−0.003%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,479.7−0.010%$2.4M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,515.6+0.032%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,514.9+0.031%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,483.2−0.006%$3.4M$5.3M100xas long as short
SoDEX BTC-USD+0.0100%1h86,484−0.005%$60.5M$338.2M40xas long as short
HTX BTC-USDT+0.0100%8h86,483.9−0.005%$2.30B$968.2M200xas long as short
Extended BTC-USD+0.0104%1h86,470.6−0.020%$45.6M$227.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,491.3+0.004%—$99.1M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,520.4+0.038%$192.8M$953.7M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,533.9+0.053%$132.0M$5.65B50xas long as short
Deribit BTC-PERPETUAL+0.0136%1h86,535.5+0.055%$912.5M$1.48B50xas long as short
Aftermath Perps BTCUSD+0.0155%1h86,469.9−0.021%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0176%1h86,471.3−0.019%$728K$8.0M30xas long as short
BloFin BTC-USDT+0.0191%8h86,433.2−0.063%$415.8M$658.5M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0198% / S −0.0221%1h86,496.7+0.010%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0206%8h86,513+0.029%$9.9M$749.3M6.4xas long as short