Funding you earn now, next payment 22:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.009%
Price spread now: Arcus against Bybit+0.037%56s7-day average +0.031% · 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—prices read too far apart to compare
costs, in and out, $10k−$170.169% of the position
Funding, last 3 days (all we have)+0.003%$0 on $10k
+Price spread, last 7 days−0.025%−$2 · spread now +0.037%, 7d avg +0.031%
=The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTCUSDT | 86,635.4 | 0.0079 | pay 0.0079% / 8h | 2h 48m | $5.28B | $9.70B | 150x |
| Short | Arcus BTC-USD | 86,667.5 | 0.0100 | get 0.0013% / 1h | 48m 40s | $7.4M | $95.6M | 40x |
Bybit BTCUSDT
Arcus BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.48
- Price spread: +0.037% → +0.031%
- $0.65
- Slippage, 4 orders
- −$1.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$11.76
- Costs to cover
- 0.169%
- Break-even
- 25.4 days
Slippage from Bybit: live order book, 6 min ago; Arcus: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 6 min ago | 0.01 bp | 5.5 bp −$6 | 5.5 bp −$55 | 5.6 bp −$561 | 6.7 bp −$3,354 |
| Sell Arcus live order book, 1 min ago | 0.01 bp | 2.3 bp −$2 | 2.6 bp −$26 | 5.1 bp −$513 | doesn't fit |
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0335% | 43m | 86,625 | −0.012% | $426K | $25.1M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0200% | 1h | 86,707.1 | +0.083% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,701 | +0.076% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0094% | 1h | 86,651.2 | +0.018% | $18.0M | $20.0M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,590 | −0.052% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,590.8 | −0.051% | $844.5M | $709.4M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,606.1 | −0.034% | $361K | $2.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,629.6 | −0.007% | $921.2M | $1.39B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,614.5 | −0.024% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 86,617.1 | −0.021% | $505.7M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0020% | 8h | 86,599.5 | −0.041% | — | $15.3M | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,587.6 | −0.055% | $6.7M | $144.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0024% | 8h | 86,586.9 | −0.056% | $149.5M | $469.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0026% | 8h | 86,611 | −0.028% | $2.94B | $5.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0047% | 8h | 86,600.5 | −0.040% | $5.19B | $5.63B | 500x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,594.3 | −0.047% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0048% | 8h | 86,629.9 | −0.006% | $9.44B | $24.36B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.112% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0061% | 8h | 86,647 | +0.013% | $2.57B | $12.70B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,600.2 | −0.041% | $9.2M | $42.2M | 25x | as long as short |
| Gate BTC_USDT | +0.0064% | 8h | 86,609.9 | −0.029% | $5.86B | $10.57B | 200x | as long as short |
| Bybit BTCUSDTlong | +0.0079% | 8h | 86,635.4 | long leg | $5.28B | $9.70B | 150x | |
| Variational Omni BTC | +0.0088% | 8h | 86,626.8 | −0.010% | $159.8M | $564.2M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,634.2 | −0.001% | $171.9M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,642 | +0.008% | $24.0M | $152.8M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,635.2 | 0.000% | $217.5M | $189.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,578 | −0.066% | $8.5M | $52.1M | 100x | as long as short |
| Orderly PERP_BTC_USDC | +0.0099% | 8h | 86,608.2 | −0.031% | $2.4M | $8.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0099% | 1h | 86,592 | −0.050% | $60.4M | $336.5M | 40x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,628 | −0.009% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,579 | −0.065% | $200K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,600 | −0.041% | $21.8M | $237.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,672 | +0.042% | $3.83B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,657.2 | +0.025% | $41.0M | $485.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,630 | −0.006% | $3.9M | $18.8M | 25x | as long as short |
| Arcus BTC-USDshort | +0.0100% | 1h | 86,667.5 | +0.037% | $7.4M | $95.6M | 40x | |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | +0.034% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,592.9 | −0.049% | $38.2M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,704.2 | +0.079% | $280.1M | $946.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,636.4 | +0.001% | $141.8M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,664 | +0.033% | $30.8M | $205.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,656.9 | +0.025% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,588 | −0.055% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,587.2 | −0.056% | $198K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,611 | −0.028% | $140K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,596 | −0.045% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,576.6 | −0.068% | $3.4M | $5.6M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,578.8 | −0.065% | $2.30B | $956.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,592.4 | −0.050% | $46.5M | $229.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,613.5 | −0.025% | — | $98.1M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0106% | 8h | 86,635 | 0.000% | $8.8M | $724.4M | 6.4x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,632.7 | −0.003% | $192.1M | $926.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,642.1 | +0.008% | $131.9M | $5.91B | 50x | as long as short |
| BloFin BTC-USDT | +0.0168% | 8h | 86,592.1 | −0.050% | $418.0M | $642.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0198% | 1h | 86,609.5 | −0.030% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 86,672.4 | +0.043% | $598K | $7.2M | 30x | as long as short |
BingX BTC-USDC
Reya BTCRUSDPERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Orderly PERP_BTC_USDC
SoDEX BTC-USD
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P