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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−0.0291%/8h= −31.8% APRpaid last 24h +0.014%
Price spread now: Aftermath Perps against Bybit+0.036%7-day average +0.028% · 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−$29as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Long on BybitShort on Aftermath Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.049%+$5 on $10k
Price spread, last 3 days (all we have)+0.063%+$6 · spread now +0.036%, 7d avg +0.028%
Together, before fees+0.112%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.049% in total (about 5.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BTCUSDT86,572.10.0088pay 0.0088% / 8h1h 50m$5.27B$9.73B150x
ShortAftermath Perps BTCUSD86,603.6−0.0203pay 0.0025% / 1h50m 50s$79K$199K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$61.07
Price spread: +0.036% → +0.028%
$0.84
Slippage, 4 orders
−$9.75
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$89.98
Costs to cover
0.297%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Aftermath Perps: live order book, 33 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 Bybit live order book, 3 min ago0.01 bp5.5 bp −$65.6 bp −$566.9 bp −$6918.1 bp −$4,059
Sell Aftermath Perps live order book, 33 min ago1.77 bp6.3 bp −$615.9 bp −$159doesn'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
Aftermath Perps BTCUSDshort−0.0203%1h86,603.6+0.036%$79K$199K20x
Phoenix BTC−0.0159%1h86,601+0.033%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,531−0.047%$9K$3K50xas long as short
dYdX BTC-USD−0.0028%1h86,590.3+0.021%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD−0.0008%1h86,552.8−0.022%$359K$2.4M50xas long as short
Aster BTCUSDT−0.0006%8h86,553.8−0.021%$505.4M$1.16B200xas long as short
Perpl BTC0.0000%43m86,551.9−0.023%$421K$24.2M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,564.9−0.008%$925.7M$1.47B50xas long as short
KuCoin XBTUSDTM+0.0003%8h86,552.5−0.023%$851.0M$709.4M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,560.9−0.013%$36.8M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0006%1h86,539.3−0.038%$8.5M$43.2M25xas long as short
Hibachi BTC/USDT-P+0.0016%1h86,585.3+0.015%$731K$8.1M30xas long as short
Reya BTCRUSDPERP+0.0022%1h86,523.2−0.057%$6.7M$144.7M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,587+0.017%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0028%8h86,533.7−0.044%$149.6M$473.2M150xas long as short
BingX BTC-USDT+0.0030%8h86,567.4−0.005%—$1.59B—as long as short
Bitget BTCUSDT+0.0038%8h86,575.1+0.003%$2.95B$5.09B150xas long as short
Aevo BTC-PERP+0.0056%1h86,533.7−0.044%$2.4M$1.3M20xas long as short
SoDEX BTC-USD+0.0058%1h86,528−0.051%$60.5M$336.8M40xas long as short
MEXC BTC_USDT+0.0059%8h86,525.8−0.053%$5.19B$5.61B500xas long as short
Binance BTCUSDT+0.0059%8h86,563.9−0.009%$9.42B$24.38B150xas long as short
Gate BTC_USDT+0.0083%8h86,555.7−0.019%$5.85B$10.62B200xas long as short
Bybit BTCUSDTlong+0.0088%8h86,572.1long leg$5.27B$9.73B150x
Lighter BTC+0.0096%1h86,534.8−0.043%$172.1M$997.5M50xas long as short
Lighter RH BTC+0.0096%1h86,548.7−0.027%$24.0M$151.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,529−0.050%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,516−0.065%$205K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,564.4−0.009%$4.7M$8.3M50xas long as short
Nado BTC-PERP+0.0100%1h86,533.1−0.045%$21.7M$234.0M50xas long as short
Hyperliquid BTC+0.0100%1h86,594+0.025%$3.81B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,570−0.002%$41.0M$499.4M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,570.3−0.002%$2.55B$12.72B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,519−0.061%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,613.4+0.048%$7.4M$94.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,527.4−0.052%$571.7M$19.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,532.4−0.046%$38.2M$153.0M75xas long as short
Variational Omni BTC+0.0100%8h86,582.6+0.012%$156.4M$568.8M—as long as short
edgeX BTCUSDC+0.0100%4h86,579.9+0.009%$279.6M$942.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,665.5+0.108%$217.4M$182.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,588.3+0.019%$141.5M$322.9M100xas long as short
StandX BTC-USD+0.0100%1h86,561.3−0.012%$30.7M$202.9M40xas long as short
Vest BTC-PERP+0.0100%1h86,587.4+0.018%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,534−0.044%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,535−0.043%$193K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,543.3−0.033%$2.4M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,559−0.015%$140K$618K40xas long as short
Derive BTC-PERP+0.0100%1h86,535.2−0.043%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,527.8−0.051%$3.4M$5.5M100xas long as short
HTX BTC-USDT+0.0100%8h86,530.3−0.048%$2.30B$959.6M200xas long as short
Extended BTC-USD+0.0104%1h86,515.1−0.066%$46.4M$225.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,558.1−0.016%—$99.1M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,571.90.000%$131.6M$5.77B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,562.4−0.011%$191.3M$937.3M100xas long as short
BloFin BTC-USDT+0.0179%8h86,545.5−0.031%$415.3M$655.0M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0210%1h86,554.7−0.020%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0188%8h86,566−0.007%$9.5M$726.4M6.4xas long as short