BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.75 per $10,000 · paid last 24h +0.017%

Price spread now: SunX against Bitget+0.143%50s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.220% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)−0.233%−$23 · spread now +0.143%, 7d avg −0.005%

Together, before fees−0.195%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.148% dearer against Bitget than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.005%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BTCUSDT	86,678.6	0.0025	pay 0.0025% / 8h	2h 54m	$2.95B	$5.08B	150x
Short	SunX BTC-USDT	86,802.8	0.0100	get 0.0100% / 8h	2h 54m	$3.4M	$5.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.143%Rate

Funding earned: $15.75
Price spread: +0.143% → −0.005%: $14.8
Slippage, 4 orders: −$1.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: $8.59
Costs to cover: 0.220%
Break-even: 3.2 days

Slippage from Bitget: live order book, 5 min ago; SunX: live order book, 4 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, 5 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.5 bp −$646	doesn't fit
Sell SunX live order book, 4 min ago	0.48 bp	5.5 bp −$5	7.4 bp −$74	10.0 bp −$1,005	doesn't fit

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	86,699.6	+0.024%	$425K	$25.4M	6.7x	as long as short
Aftermath Perps BTCUSD	−0.0185%	1h	86,860.1	+0.209%	$85K	$188K	20x	as long as short
Phoenix BTC	−0.0123%	1h	86,795	+0.134%	$2.2M	$12.4M	40x	as long as short
dYdX BTC-USD	−0.0094%	1h	86,758.8	+0.092%	$18.1M	$19.9M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,667	−0.013%	$9K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0001%	8h	86,676.7	−0.002%	$843.6M	$704.8M	125x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,688.9	+0.012%	$362K	$2.5M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	86,799	+0.139%	$8.9M	$724.7M	6.4x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,840.4	+0.187%	$922.7M	$1.38B	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0005%	1h	86,822	+0.165%	$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
Bluefin BTC-PERP	+0.0008%	1h	86,782	+0.119%	$160K	$575K	40x	as long as short
Phemex BTCUSDT	+0.0016%	8h	86,792.7	+0.132%	$149.5M	$468.6M	150x	as long as short
Aster BTCUSDT	+0.0017%	8h	86,690.7	+0.014%	$506.1M	$1.16B	200x	as long as short
BingX BTC-USDT	+0.0019%	8h	86,663.7	−0.017%	—	$1.60B	—	as long as short
Reya BTCRUSDPERP	+0.0021%	1h	86,669.3	−0.011%	$6.8M	$143.8M	40x	as long as short
Bitget BTCUSDTlong	+0.0025%	8h	86,678.6	long leg	$2.95B	$5.08B	150x
MEXC BTC_USDT	+0.0046%	8h	86,687.9	+0.011%	$5.20B	$5.61B	500x	as long as short
Binance BTCUSDT	+0.0046%	8h	86,663	−0.018%	$9.45B	$24.34B	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	86,794.6	+0.134%	$2.4M	$1.3M	20x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,984	+0.352%	$316K	$26.8M	52x	as long as short
OKX BTC-USDT-SWAP	+0.0055%	8h	86,660	−0.021%	$2.58B	$12.72B	100x	as long as short
Gate BTC_USDT	+0.0062%	8h	86,660.2	−0.021%	$5.85B	$10.53B	200x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,682.2	+0.004%	$9.2M	$41.9M	25x	as long as short
Bybit BTCUSDT	+0.0078%	8h	86,662.7	−0.018%	$5.28B	$9.69B	150x	as long as short
Variational Omni BTC	+0.0088%	8h	86,792.9	+0.132%	$161.2M	$563.4M	—	as long as short
SoDEX BTC-USD	+0.0089%	1h	86,800	+0.140%	$60.6M	$336.5M	40x	as long as short
GRVT BTC_USDT_Perp	+0.0094%	8h	86,810.6	+0.152%	$218.0M	$191.1M	50x	as long as short
Lighter BTC	+0.0096%	1h	86,731.5	+0.061%	$172.6M	$1.00B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,723.4	+0.052%	$24.1M	$152.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,663	−0.018%	$8.5M	$52.1M	100x	as long as short
Orderly PERP_BTC_USDC	+0.0097%	8h	86,814.9	+0.157%	$2.5M	$8.4M	100x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,724.3	+0.053%	$4.8M	$8.2M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,659	−0.023%	$194K	$6.8M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,713.7	+0.040%	$22.0M	$237.9M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,735	+0.065%	$3.85B	$5.08B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,729.7	+0.059%	$41.6M	$484.5M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,673	−0.006%	$3.9M	$18.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,740.6	+0.072%	$7.5M	$95.4M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,919.5	+0.278%	$573.8M	$23.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,807.6	+0.149%	$38.4M	$147.9M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,804.8	+0.146%	$280.4M	$944.7M	100x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,805.9	+0.147%	$142.0M	$322.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,756.7	+0.090%	$30.9M	$205.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,746.4	+0.078%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,668	−0.012%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,680.9	+0.003%	$202K	$3.4M	20x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,802.3	+0.143%	$30.1M	$61.5M	15x	as long as short
SunX BTC-USDTshort	+0.0100%	8h	86,802.8	+0.143%	$3.4M	$5.6M	100x
HTX BTC-USDT	+0.0100%	8h	86,793.2	+0.132%	$2.31B	$954.3M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,639.3	−0.045%	$46.3M	$228.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,766.6	+0.102%	—	$97.8M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0116%	1h	86,839.4	+0.185%	$193.2M	$926.1M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,847	+0.194%	$132.3M	$5.94B	50x	as long as short
BloFin BTC-USDT	+0.0166%	8h	86,801	+0.141%	$420.1M	$642.2M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0181% / S −0.0200%	1h	86,817.3	+0.160%	$15.5M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	86,798.4	+0.138%	$752K	$7.0M	30x	as long as short