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−0.0142%/8h= −15.5% APRnext payment −$1.42 per $10,000 · paid last 24h +0.019%
Price spread now: Bitget against BloFin+0.004%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Long on BloFinShort on Bitget
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)+0.096%+$10 · spread now +0.004%, 7d avg −0.003%
Together, before fees+0.078%+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BTC-USDT86,613.60.0168pay 0.0168% / 8h2h 51m$418.1M$642.2M150x
ShortBitget BTCUSDT86,617.10.0026get 0.0026% / 8h2h 51m$2.95B$5.08B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
−$29.72
Price spread: +0.004% → −0.003%
$0.73
Slippage, 4 orders
−$0.05
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$53.04
Costs to cover
0.241%
Break-even
never at this rate
Slippage from BloFin: live order book, 3 min ago; Bitget: 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 BloFin live order book, 3 min ago0.01 bp6.0 bp −$66.0 bp −$606.5 bp −$6478.8 bp −$4,389
Sell Bitget live order book, 3 min ago0.01 bp6.0 bp −$66.9 bp −$698.2 bp −$819doesn't fit

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%43m86,679.3+0.076%$429K$25.4M6.7xas long as short
Aftermath Perps BTCUSD−0.0194%1h86,762.7+0.172%$85K$188K20xas long as short
Phoenix BTC−0.0103%1h86,701+0.101%$2.2M$12.4M40xas long as short
dYdX BTC-USD−0.0086%1h86,696.3+0.095%$18.1M$19.9M50xas long as short
Hotstuff BTC-PERP−0.0080%1h86,660+0.054%$9K$3K50xas long as short
KuCoin XBTUSDTM−0.0002%8h86,606.5−0.008%$844.8M$709.5M125xas long as short
01 Exchange BTCUSD0.0000%1h86,668.2+0.063%$361K$2.5M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,662.2+0.056%$921.9M$1.38B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,655.8+0.049%$36.7M—200xas long as short
Aster BTCUSDT+0.0014%8h86,614.6+0.001%$505.7M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0019%8h86,608.7−0.006%—$15.3M—as long as short
Reya BTCRUSDPERP+0.0021%1h86,630.3+0.019%$6.8M$143.9M40xas long as short
Phemex BTCUSDT+0.0025%8h86,615.5+0.002%$149.5M$469.5M150xas long as short
Bitget BTCUSDTshort+0.0026%8h86,617.1+0.004%$2.95B$5.08B150x
MEXC BTC_USDT+0.0047%8h86,618.1+0.005%$5.20B$5.63B500xas long as short
Binance BTCUSDT+0.0048%8h86,635.9+0.026%$9.44B$24.35B150xas long as short
Aevo BTC-PERP+0.0048%1h86,633.9+0.023%$2.4M$1.3M20xas long as short
Injective BTC/USDC PERP+0.0049%1h86,732+0.137%$315K$26.8M52xas long as short
OKX BTC-USDT-SWAP+0.0058%8h86,648.8+0.041%$2.57B$12.73B100xas long as short
RISEx BTC/USDC+0.0063%1h86,658.6+0.052%$9.0M$42.1M25xas long as short
Gate BTC_USDT+0.0063%8h86,618+0.005%$5.85B$10.56B200xas long as short
Bluefin BTC-PERP+0.0067%1h86,650.4+0.042%$141K$619K40xas long as short
Bybit BTCUSDT+0.0077%8h86,634.3+0.024%$5.28B$9.69B150xas long as short
Variational Omni BTC+0.0088%8h86,792.9+0.207%$161.2M$563.4M—as long as short
GRVT BTC_USDT_Perp+0.0095%8h86,798+0.213%$217.8M$191.2M50xas long as short
Lighter BTC+0.0096%1h86,632.7+0.022%$172.1M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,639.1+0.029%$24.1M$152.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,642+0.033%$8.5M$52.1M100xas long as short
SoDEX BTC-USD+0.0096%1h86,613−0.001%$60.5M$336.4M40xas long as short
Orderly PERP_BTC_USDC+0.0098%8h86,644.2+0.035%$2.5M$8.4M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,676.4+0.072%$4.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,631+0.020%$201K$6.8M50xas long as short
Nado BTC-PERP+0.0100%1h86,642+0.033%$21.9M$237.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,695.7+0.095%$3.84B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,668.3+0.063%$41.5M$484.5M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,636+0.026%$3.9M$18.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,718+0.121%$7.6M$95.4M40xas long as short
Bulk BTC-USD+0.0100%1h86,665+0.059%$572.2M$23.5M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,621.8+0.009%$38.2M$148.1M75xas long as short
edgeX BTCUSDC+0.0100%4h86,704.2+0.105%$280.1M$946.6M100xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,714.1+0.116%$141.9M$322.6M100xas long as short
StandX BTC-USD+0.0100%1h86,664+0.058%$30.8M$205.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,707.4+0.108%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,639+0.029%$11.0M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,626+0.014%$200K$3.4M20xas long as short
Derive BTC-PERP+0.0100%1h86,632.8+0.022%$30.0M$61.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,641.8+0.033%$3.4M$5.6M100xas long as short
HTX BTC-USDT+0.0100%8h86,626.2+0.015%$2.30B$956.4M200xas long as short
Kalshi KXBTCPERP+0.0101%8h86,679+0.076%$8.9M$725.3M6.4xas long as short
Extended BTC-USD+0.0104%1h86,615.7+0.002%$46.3M$228.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,659.8+0.053%—$97.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,657.9+0.051%$192.1M$927.2M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,662.8+0.057%$131.9M$5.92B50xas long as short
BloFin BTC-USDTlong+0.0168%8h86,613.6long leg$418.1M$642.2M150x
GMX BTC/USD [WBTC.b-USDC]L +0.0181% / S −0.0200%1h86,648.7+0.041%$15.4M—200xas long as short
Hibachi BTC/USDT-P+0.0200%1h86,754.1+0.162%$599K$7.2M30xas long as short