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 00:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.92 per $10,000 · paid last 24h −0.034%
Price spread now: BloFin against Bybit+0.016%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Long on BybitShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 3 days (all we have)−0.055%−$6 · spread now +0.016%, 7d avg −0.001%
Together, before fees−0.047%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BTCUSDT86,556.30.0090pay 0.0090% / 8h1h 36m$5.27B$9.70B150x
ShortBloFin BTC-USDT86,5700.0182get 0.0182% / 8h1h 36m$414.5M$651.5M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$19.35
Price spread: +0.016% → −0.001%
$1.67
Slippage, 4 orders
−$0.02
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$2.01
Costs to cover
0.230%
Break-even
7.7 days
Slippage from Bybit: live order book, 2 min ago; BloFin: 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 Bybit live order book, 2 min ago0.01 bp5.5 bp −$65.5 bp −$556.8 bp −$6858.3 bp −$4,161
Sell BloFin live order book, 2 min ago0.01 bp6.0 bp −$66.0 bp −$606.4 bp −$6427.7 bp −$3,862

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+0.037%$140K$618K40xas long as short
Phoenix BTC−0.0159%1h86,627+0.082%$2.2M$11.8M40xas long as short
Aftermath Perps BTCUSD−0.0153%1h86,645.4+0.103%$83K$215K20xas long as short
Hotstuff BTC-PERP−0.0080%1h86,606+0.057%$9K$3K50xas long as short
dYdX BTC-USD−0.0011%1h86,627.2+0.082%$17.5M$20.3M50xas long as short
01 Exchange BTCUSD−0.0008%1h86,603.6+0.055%$359K$2.4M50xas long as short
Aster BTCUSDT−0.0007%8h86,558.2+0.002%$505.1M$1.15B200xas long as short
Perpl BTC0.0000%43m86,598.6+0.049%$419K$23.9M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,602.6+0.053%$925.1M$1.47B50xas long as short
KuCoin XBTUSDTM+0.0001%8h86,554.6−0.002%$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+0.045%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,601.5+0.052%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,573.6+0.020%$6.7M$144.8M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559+0.003%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0029%8h86,570.1+0.016%$150.3M$473.7M150xas long as short
BingX BTC-USDT+0.0034%8h86,554.3−0.002%—$1.59B—as long as short
Hibachi BTC/USDT-P+0.0040%1h86,683.5+0.147%$731K$8.2M30xas long as short
Bitget BTCUSDT+0.0042%8h86,556.60.000%$2.95B$5.07B150xas long as short
Binance BTCUSDT+0.0061%8h86,545.8−0.012%$9.42B$24.31B150xas long as short
MEXC BTC_USDT+0.0061%8h86,552.7−0.004%$5.18B$5.64B500xas long as short
Aevo BTC-PERP+0.0064%1h86,565.9+0.011%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0076%8h86,548.5−0.009%$5.85B$10.65B200xas long as short
Bybit BTCUSDTlong+0.0090%8h86,556.3long leg$5.27B$9.70B150x
Lighter BTC+0.0096%1h86,562+0.007%$171.7M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,577.9+0.025%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,587+0.035%$8.5M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,585+0.033%$204K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,631.6+0.087%$4.8M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,602.6+0.053%$21.8M$233.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,629+0.084%$3.81B$5.08B40xas long as short
Pacifica BTC+0.0100%1h86,643.6+0.101%$41.1M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,556.60.000%$2.55B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,606+0.057%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,678.3+0.141%$7.4M$93.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.170%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,570.7+0.017%$38.4M$153.2M75xas long as short
Variational Omni BTC+0.0100%8h86,696.3+0.162%$156.8M$565.9M—as long as short
edgeX BTCUSDC+0.0100%4h86,636.2+0.092%$280.0M$943.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,641.8+0.099%$217.4M$174.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,642.9+0.100%$141.6M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,666+0.127%$30.7M$203.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,649.2+0.107%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,587+0.035%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,586+0.034%$194K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,576.3+0.023%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,570.8+0.017%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,620.2+0.074%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,568+0.013%$60.5M$337.0M40xas long as short
HTX BTC-USDT+0.0100%8h86,566.6+0.012%$2.30B$964.2M200xas long as short
Extended BTC-USD+0.0104%1h86,537−0.022%$46.4M$225.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,632.2+0.088%—$98.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,611.6+0.064%$131.7M$5.71B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,601.7+0.052%$191.6M$937.0M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,601.8+0.053%$15.1M—200xas long as short
BloFin BTC-USDTshort+0.0182%8h86,570+0.016%$414.5M$651.5M150x
Kalshi KXBTCPERP+0.0194%8h86,624+0.078%$9.7M$728.0M6.4xas long as short