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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h +0.035%
Price spread now: Extended against BloFin−0.038%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$170.171% of the position
Long on BloFinShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$6 on $10k
Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.038%, 7d avg −0.030%
Together, before fees+0.132%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.065%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BTC-USDT86,5700.0182pay 0.0182% / 8h1h 36m$414.5M$651.5M150x
ShortExtended BTC-USD86,5370.0104get 0.0013% / 1h36m 44s$46.4M$225.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$16.34
Price spread: −0.038% → −0.030%
−$0.78
Slippage, 4 orders
−$0.13
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$34.24
Costs to cover
0.171%
Break-even
never at this rate
Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago0.01 bp6.0 bp −$66.0 bp −$606.3 bp −$6267.2 bp −$3,595
Sell Extended live order book, 2 min ago0.06 bp2.6 bp −$32.6 bp −$263.0 bp −$3028.8 bp −$4,424

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
Bluefin BTC-PERP−0.0753%1h86,588+0.021%$140K$618K40xas long as short
Phoenix BTC−0.0159%1h86,627+0.066%$2.2M$11.8M40xas long as short
Aftermath Perps BTCUSD−0.0153%1h86,645.4+0.087%$83K$215K20xas long as short
Hotstuff BTC-PERP−0.0080%1h86,606+0.042%$9K$3K50xas long as short
dYdX BTC-USD−0.0011%1h86,627.2+0.066%$17.5M$20.3M50xas long as short
01 Exchange BTCUSD−0.0008%1h86,603.6+0.039%$359K$2.4M50xas long as short
Aster BTCUSDT−0.0007%8h86,558.2−0.014%$505.1M$1.15B200xas long as short
Perpl BTC0.0000%43m86,598.6+0.033%$419K$23.9M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,602.6+0.038%$925.1M$1.47B50xas long as short
KuCoin XBTUSDTM+0.0001%8h86,554.6−0.018%$852.0M$708.1M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,595.3+0.029%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,601.5+0.036%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,573.6+0.004%$6.7M$144.8M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559−0.013%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0029%8h86,570.10.000%$150.3M$473.7M150xas long as short
BingX BTC-USDT+0.0034%8h86,554.3−0.018%—$1.59B—as long as short
Hibachi BTC/USDT-P+0.0040%1h86,683.5+0.131%$731K$8.2M30xas long as short
Bitget BTCUSDT+0.0042%8h86,556.6−0.015%$2.95B$5.07B150xas long as short
Binance BTCUSDT+0.0061%8h86,545.8−0.028%$9.42B$24.31B150xas long as short
MEXC BTC_USDT+0.0061%8h86,552.7−0.020%$5.18B$5.64B500xas long as short
Aevo BTC-PERP+0.0064%1h86,565.9−0.005%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0076%8h86,548.5−0.025%$5.85B$10.65B200xas long as short
Bybit BTCUSDT+0.0090%8h86,556.3−0.016%$5.27B$9.70B150xas long as short
Lighter BTC+0.0096%1h86,562−0.009%$171.7M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,577.9+0.009%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,587+0.020%$8.5M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,585+0.017%$204K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,631.6+0.071%$4.8M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,602.6+0.038%$21.8M$233.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,629+0.068%$3.81B$5.08B40xas long as short
Pacifica BTC+0.0100%1h86,643.6+0.085%$41.1M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,556.6−0.015%$2.55B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,606+0.042%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,678.3+0.125%$7.4M$93.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.154%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,570.7+0.001%$38.4M$153.2M75xas long as short
Variational Omni BTC+0.0100%8h86,696.3+0.146%$156.8M$565.9M—as long as short
edgeX BTCUSDC+0.0100%4h86,636.2+0.076%$280.0M$943.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,641.8+0.083%$217.4M$174.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,642.9+0.084%$141.6M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,666+0.111%$30.7M$203.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,649.2+0.091%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,587+0.020%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,586+0.018%$194K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,576.3+0.007%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,570.8+0.001%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,620.2+0.058%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,568−0.002%$60.5M$337.0M40xas long as short
HTX BTC-USDT+0.0100%8h86,566.6−0.004%$2.30B$964.2M200xas long as short
Extended BTC-USDshort+0.0104%1h86,537−0.038%$46.4M$225.3M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,632.2+0.072%—$98.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,611.6+0.048%$131.7M$5.71B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,601.7+0.037%$191.6M$937.0M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,601.8+0.037%$15.1M—200xas long as short
BloFin BTC-USDTlong+0.0182%8h86,570long leg$414.5M$651.5M150x
Kalshi KXBTCPERP+0.0194%8h86,624+0.062%$9.7M$728.0M6.4xas long as short