Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BTC

all BTC markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: SoDEX against Bulk+0.046%7-day average −0.009% · 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−$10as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Long on BulkShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.024%−$2 on $10k
Price spread, last 3 days (all we have)−0.115%−$11 · spread now +0.046%, 7d avg −0.009%
Together, before fees−0.138%−$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.055% dearer against Bulk than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BTC-USD86,577.90.0100pay 0.0013% / 1h31m 17s$571.8M$22.4M40x
ShortSoDEX BTC-USD86,6180.0100get 0.0013% / 1h31m 17s$60.5M$336.4M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0
Price spread: +0.046% → −0.009%
$5.53
Slippage, 4 orders
−$0.14
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$9.62
Costs to cover
0.151%
Break-even
never at this rate
Slippage from Bulk: live order book, 3 min ago; SoDEX: 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 Bulk live order book, 3 min ago0.01 bp3.5 bp −$43.5 bp −$353.5 bp −$3514.4 bp −$2,185
Sell SoDEX live order book, 3 min ago0.06 bp4.1 bp −$44.1 bp −$415.3 bp −$52543.9 bp −$22.0K

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
Aftermath Perps BTCUSD−0.0233%1h86,613.5+0.041%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,634.5+0.065%$428K$24.9M6.7xas long as short
Phoenix BTC−0.0103%1h86,590+0.014%$2.2M$12.4M40xas long as short
dYdX BTC-USD−0.0083%1h86,626.4+0.056%$17.6M$20.5M50xas long as short
Hotstuff BTC-PERP−0.0080%1h86,574−0.004%$9K$3K50xas long as short
01 Exchange BTCUSD0.0000%1h86,627.5+0.057%$362K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,652.7+0.086%$935.1M$1.44B50xas long as short
KuCoin XBTUSDTM+0.0002%8h86,614.5+0.042%$844.2M$704.9M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,641.2+0.073%$37.0M—200xas long as short
Aster BTCUSDT+0.0008%8h86,600+0.026%$505.6M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,618.6+0.047%$6.7M$144.3M40xas long as short
BingX BTC-USDT+0.0023%8h86,621.3+0.050%—$1.59B—as long as short
Phemex BTCUSDT+0.0024%8h86,580.2+0.003%$149.6M$471.4M150xas long as short
Bitget BTCUSDT+0.0030%8h86,620.6+0.049%$2.95B$5.07B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639+0.071%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0053%8h86,619.7+0.048%$5.19B$5.67B500xas long as short
Binance BTCUSDT+0.0053%8h86,617.9+0.046%$9.44B$24.31B150xas long as short
Aevo BTC-PERP+0.0056%1h86,621.3+0.050%$2.4M$1.3M20xas long as short
RISEx BTC/USDC+0.0063%1h86,589.8+0.014%$9.2M$42.0M25xas long as short
OKX BTC-USDT-SWAP+0.0073%8h86,630.4+0.061%$2.56B$12.70B100xas long as short
Gate BTC_USDT+0.0075%8h86,622.9+0.052%$5.86B$10.63B200xas long as short
Bybit BTCUSDT+0.0082%8h86,617.9+0.046%$5.27B$9.67B150xas long as short
Variational Omni BTC+0.0092%8h86,584.3+0.007%$160.0M$567.1M—as long as short
Lighter BTC+0.0096%1h86,590.8+0.015%$171.9M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,593.7+0.018%$24.0M$153.5M50xas long as short
Popdex BTCUSDT+0.0096%1h86,620+0.049%$8.5M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,607+0.034%$194K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,630.3+0.061%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,577.1−0.001%$21.7M$235.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,694+0.134%$3.82B$5.12B40xas long as short
Pacifica BTC+0.0100%1h86,612.1+0.039%$41.3M$490.3M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,594+0.019%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,647.6+0.081%$7.5M$93.6M40xas long as short
Bulk BTC-USDlong+0.0100%1h86,577.9long leg$571.8M$22.4M40x
Backpack BTC_USDC_PERP+0.0100%1h86,583.6+0.007%$38.1M$148.4M75xas long as short
edgeX BTCUSDC+0.0100%4h86,620.6+0.049%$279.9M$950.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,619.4+0.048%$217.4M$187.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,627.4+0.057%$141.4M$322.8M100xas long as short
StandX BTC-USD+0.0100%1h86,600+0.026%$30.8M$205.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,668.9+0.105%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,625+0.054%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,621+0.050%$194K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,632.5+0.063%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,644.6+0.077%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,625.8+0.055%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,612.9+0.040%$3.4M$5.5M100xas long as short
SoDEX BTC-USDshort+0.0100%1h86,618+0.046%$60.5M$336.4M40x
HTX BTC-USDT+0.0100%8h86,609+0.036%$2.30B$957.3M200xas long as short
Extended BTC-USD+0.0104%1h86,608+0.035%$46.4M$227.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,641.1+0.073%—$98.4M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,657.4+0.092%$189.0M$930.4M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,668.1+0.104%$132.0M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0124%8h86,637+0.068%$8.8M$723.5M6.4xas long as short
BloFin BTC-USDT+0.0173%8h86,611.4+0.039%$416.8M$652.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0178% / S −0.0185%1h86,635.8+0.067%$14.9M—200xas long as short
Hibachi BTC/USDT-P+0.0224%1h86,646.1+0.079%$614K$7.1M30xas long as short