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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Funding you earn now, next payment 23:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.017%
Price spread now: Aftermath Perps against Bulk+0.012%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Long on BulkShort on Aftermath Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.033%+$3 on $10k
Price spread, last 3 days (all we have)+0.080%+$8 · spread now +0.012%, 7d avg +0.023%
Together, before fees+0.113%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BTC-USD86,382.90.0100pay 0.0013% / 1h59m 58s$571.1M$18.1M40x
ShortAftermath Perps BTCUSD86,393.40.0076get 0.0010% / 1h59m 58s$79K$220K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bulk. 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
−$4.98
Price spread: +0.012% → +0.023%
−$1.1
Slippage, 4 orders
−$9.26
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$31.34
Costs to cover
0.253%
Break-even
never at this rate
Slippage from Bulk: live order book, 4 min ago; Aftermath Perps: live order book, 19 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 Bulk live order book, 4 min ago0.03 bp3.5 bp −$43.5 bp −$353.5 bp −$3544.5 bp −$2,250
Sell Aftermath Perps live order book, 19 min ago1.00 bp9.4 bp −$9doesn't fitdoesn't fitdoesn'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
Bluefin BTC-PERP−0.0398%1h86,450.4+0.078%$140K$663K40xas long as short
Phoenix BTC−0.0159%1h86,366−0.020%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,380−0.003%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0016%1h86,428.8+0.053%$357K$2.5M50xas long as short
Aster BTCUSDT−0.0008%8h86,410.6+0.032%$503.1M$1.15B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,433.9+0.059%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,419.7+0.043%$8.4M$42.8M25xas long as short
KuCoin XBTUSDTM+0.0007%8h86,414.6+0.037%$849.8M$713.5M125xas long as short
dYdX BTC-USD+0.0011%1h86,400.8+0.021%$17.0M$21.1M50xas long as short
Deribit BTC-PERPETUAL+0.0020%1h86,448.2+0.076%$916.5M$1.49B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0024%1h86,408.1+0.029%$6.7M$145.1M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,403+0.023%$332K$26.8M52xas long as short
BingX BTC-USDC+0.0038%8h86,402.6+0.023%—$15.4M—as long as short
Phemex BTCUSDT+0.0042%8h86,413.4+0.035%$149.7M$477.6M150xas long as short
Bitget BTCUSDT+0.0049%8h86,415.8+0.038%$2.95B$5.11B150xas long as short
Aevo BTC-PERP+0.0064%1h86,409.4+0.031%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0066%8h86,418.9+0.042%$5.12B$5.73B500xas long as short
Binance BTCUSDT+0.0067%8h86,419.2+0.042%$9.42B$24.50B150xas long as short
Aftermath Perps BTCUSDshort+0.0076%1h86,393.4+0.012%$79K$220K20x
Gate BTC_USDT+0.0082%8h86,413.4+0.035%$5.84B$10.79B200xas long as short
Lighter BTC+0.0096%1h86,424.9+0.049%$170.4M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,434.6+0.060%$24.0M$153.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,418+0.041%$8.4M$52.4M100xas long as short
Bybit BTCUSDT+0.0098%8h86,419.9+0.043%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,399+0.019%$204K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,432.6+0.058%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,382.3−0.001%$21.8M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,485.6+0.119%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,422.2+0.045%$40.8M$517.9M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,422.4+0.046%$2.54B$12.71B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,414+0.036%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,446.6+0.074%$7.6M$94.6M40xas long as short
Bulk BTC-USDlong+0.0100%1h86,382.9long leg$571.1M$18.1M40x
Backpack BTC_USDC_PERP+0.0100%1h86,410.4+0.032%$37.8M$154.7M75xas long as short
Variational Omni BTC+0.0100%8h86,337.9−0.052%$155.6M$568.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,361.4−0.025%$279.1M$946.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,351.2−0.037%$216.7M$173.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,372.8−0.012%$141.2M$323.4M100xas long as short
StandX BTC-USD+0.0100%1h86,341−0.048%$30.6M$204.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,452.4+0.080%—$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,413+0.035%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,420.6+0.044%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,420.5+0.044%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h86,450.5+0.078%$30.6M$62.2M15xas long as short
SunX BTC-USDT+0.0100%8h86,409.5+0.031%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,417+0.040%$60.4M$337.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,403.6+0.024%$2.29B$969.1M200xas long as short
Extended BTC-USD+0.0104%1h86,398.5+0.018%$45.5M$226.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,428.2+0.052%—$99.0M500xas long as short
Perpl BTC+0.0112%43m86,390.8+0.009%$419K$23.5M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,454.9+0.083%$132.2M$5.68B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,441.9+0.068%$192.1M$947.6M100xas long as short
Hibachi BTC/USDT-P+0.0152%1h86,381.8−0.001%$718K$8.1M30xas long as short
BloFin BTC-USDT+0.0187%8h86,375−0.009%$414.5M$654.2M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0189% / S −0.0212%1h86,429+0.053%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0200%8h86,421+0.044%$9.6M$737.1M6.4xas long as short