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+0.0032%/8h= +3.5% APRnext payment +$0.32 per $10,000 · paid last 24h +0.008%
Price spread now: OKX against Bitget+0.011%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Long on BitgetShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 7 days−0.015%−$2 · spread now +0.011%, 7d avg +0.002%
Together, before fees+0.010%+$1 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 BTCUSDT86,630.60.0026pay 0.0026% / 8h2h 51m$2.95B$5.08B150x
ShortOKX BTC-USDT-SWAP86,639.70.0058get 0.0058% / 8h2h 51m$2.58B$12.72B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$6.62
Price spread: +0.011% → +0.002%
$0.85
Slippage, 4 orders
−$0.02
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$14.56
Costs to cover
0.220%
Break-even
22.4 days
Slippage from Bitget: live order book, 3 min ago; OKX: 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 −$606.0 bp −$601doesn't fit
Sell OKX live order book, 3 min ago0.01 bp5.0 bp −$55.0 bp −$505.1 bp −$5117.0 bp −$3,508

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
Perpl BTC−0.0335%43m86,676.3+0.053%$425K$25.4M6.7xas long as short
Aftermath Perps BTCUSD−0.0192%1h86,795.1+0.190%$85K$188K20xas long as short
Phoenix BTC−0.0103%1h86,701+0.081%$2.2M$12.4M40xas long as short
dYdX BTC-USD−0.0086%1h86,696.3+0.076%$18.1M$19.9M50xas long as short
Hotstuff BTC-PERP−0.0080%1h86,660+0.034%$9K$3K50xas long as short
KuCoin XBTUSDTM−0.0002%8h86,626.8−0.004%$845.2M$709.5M125xas long as short
01 Exchange BTCUSD0.0000%1h86,668.2+0.043%$361K$2.5M50xas long as short
Kalshi KXBTCPERP0.0000%8h86,715+0.097%$8.8M$725.1M6.4xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,702.9+0.083%$921.9M$1.38B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,698.3+0.078%$36.7M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BTCUSDT+0.0014%8h86,629.9−0.001%$505.8M$1.16B200xas long as short
Bluefin BTC-PERP+0.0015%1h86,690.8+0.069%$141K$619K40xas long as short
BingX BTC-USDT+0.0019%8h86,640.6+0.012%—$1.59B—as long as short
Reya BTCRUSDPERP+0.0021%1h86,671+0.047%$6.8M$143.9M40xas long as short
Phemex BTCUSDT+0.0022%8h86,660.2+0.034%$149.5M$469.5M150xas long as short
Bitget BTCUSDTlong+0.0026%8h86,630.6long leg$2.95B$5.08B150x
MEXC BTC_USDT+0.0047%8h86,632.3+0.002%$5.20B$5.63B500xas long as short
Binance BTCUSDT+0.0048%8h86,629.6−0.001%$9.44B$24.35B150xas long as short
Aevo BTC-PERP+0.0048%1h86,670.5+0.046%$2.4M$1.3M20xas long as short
Injective BTC/USDC PERP+0.0049%1h86,732+0.117%$315K$26.8M52xas long as short
OKX BTC-USDT-SWAPshort+0.0058%8h86,639.7+0.011%$2.58B$12.72B100x
RISEx BTC/USDC+0.0063%1h86,658.6+0.032%$9.0M$42.1M25xas long as short
Gate BTC_USDT+0.0063%8h86,642.1+0.013%$5.85B$10.56B200xas long as short
Bybit BTCUSDT+0.0077%8h86,636+0.006%$5.28B$9.69B150xas long as short
Variational Omni BTC+0.0088%8h86,792.9+0.187%$161.2M$563.4M—as long as short
GRVT BTC_USDT_Perp+0.0095%8h86,798+0.193%$217.8M$191.2M50xas long as short
Lighter BTC+0.0096%1h86,647.6+0.020%$172.2M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,656.8+0.030%$24.1M$152.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,642+0.013%$8.5M$52.1M100xas long as short
Orderly PERP_BTC_USDC+0.0098%8h86,675.4+0.052%$2.5M$8.4M100xas long as short
SoDEX BTC-USD+0.0099%1h86,658+0.032%$60.5M$336.4M40xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,676.4+0.053%$4.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,6310.000%$201K$6.8M50xas long as short
Nado BTC-PERP+0.0100%1h86,658.2+0.032%$21.9M$237.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,728+0.112%$3.85B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,668.3+0.043%$41.5M$484.5M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,636+0.006%$3.9M$18.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,718+0.101%$7.6M$95.4M40xas long as short
Bulk BTC-USD+0.0100%1h86,665+0.040%$572.2M$23.5M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,662.8+0.037%$38.2M$148.1M75xas long as short
edgeX BTCUSDC+0.0100%4h86,752.1+0.140%$280.2M$945.8M100xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,805.9+0.202%$142.0M$322.7M100xas long as short
StandX BTC-USD+0.0100%1h86,692.9+0.072%$30.8M$205.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,740.3+0.127%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,680+0.057%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,670.8+0.046%$201K$3.4M20xas long as short
Derive BTC-PERP+0.0100%1h86,672.9+0.049%$30.0M$61.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,668.1+0.043%$3.4M$5.6M100xas long as short
HTX BTC-USDT+0.0100%8h86,663.6+0.038%$2.30B$954.4M200xas long as short
Extended BTC-USD+0.0104%1h86,631.8+0.001%$46.3M$228.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,703.3+0.084%—$97.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,704.2+0.085%$192.6M$927.3M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,711.1+0.093%$132.1M$5.93B50xas long as short
BloFin BTC-USDT+0.0167%8h86,696.6+0.076%$419.6M$641.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0181% / S −0.0200%1h86,693.4+0.073%$15.4M—200xas long as short
Hibachi BTC/USDT-P+0.0200%1h86,754.1+0.143%$599K$7.2M30xas long as short