Funding you earn now, next payment 21:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h −0.017%
Price spread now: Aevo against Coinbase International−0.043%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)−0.015%−$1 · spread now −0.043%, 7d avg −0.059%
=The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BTC-PERP-INTX | 86,654 | 0.0120 | pay 0.0015% / 1h | 46m 39s | $131.9M | $5.88B | 50x |
| Short | Aevo BTC-PERP | 86,616.5 | 0.0048 | get 0.0006% / 1h | 46m 39s | $2.4M | $1.3M | 20x |
Coinbase International BTC-PERP-INTX
Aevo BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Coinbase International. 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
- −$15.12
- Price spread: −0.043% → −0.059%
- $1.61
- Slippage, 4 orders
- −$4.15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$43.67
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Aevo: live order book, 3 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 Coinbase International live order book, 3 min ago | 0.01 bp | 5.0 bp −$5 | 5.2 bp −$52 | 6.0 bp −$597 | 13.1 bp −$6,548 |
| Sell Aevo live order book, 3 min ago | 1.33 bp | 10.7 bp −$11 | 12.1 bp −$121 | 15.1 bp −$1,506 | 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 | 86,624.5 | −0.034% | $426K | $25.1M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0205% | 1h | 86,674 | +0.023% | $85K | $188K | 20x | as long as short |
| dYdX BTC-USD | −0.0105% | 1h | 86,651.2 | −0.003% | $18.0M | $20.0M | 50x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,579 | −0.087% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,620 | −0.039% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,608.1 | −0.053% | $844.8M | $707.8M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,643.5 | −0.012% | $361K | $2.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,643.1 | −0.013% | $938.7M | $1.42B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,635.1 | −0.022% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 86,602.9 | −0.059% | $505.6M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
dYdX BTC-USD
Phoenix BTC
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 | 86,616.8 | −0.043% | — | $15.3M | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,601 | −0.061% | $6.7M | $144.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0026% | 8h | 86,606.6 | −0.055% | $149.6M | $470.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0027% | 8h | 86,614.4 | −0.046% | $2.95B | $5.07B | 150x | as long as short |
| MEXC BTC_USDT | +0.0048% | 8h | 86,619.9 | −0.039% | $5.19B | $5.64B | 500x | as long as short |
| Aevo BTC-PERPshort | +0.0048% | 1h | 86,616.5 | −0.043% | $2.4M | $1.3M | 20x | |
| Binance BTCUSDT | +0.0049% | 8h | 86,615 | −0.045% | $9.43B | $24.29B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.090% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0062% | 8h | 86,611.7 | −0.049% | $2.57B | $12.69B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,639.7 | −0.017% | $9.2M | $42.1M | 25x | as long as short |
| Gate BTC_USDT | +0.0066% | 8h | 86,621.5 | −0.038% | $5.86B | $10.58B | 200x | as long as short |
| Bybit BTCUSDT | +0.0079% | 8h | 86,605.3 | −0.056% | $5.28B | $9.65B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,626.8 | −0.031% | $159.8M | $564.2M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,634.6 | −0.022% | $171.8M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,641 | −0.015% | $24.0M | $152.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,619 | −0.040% | $8.5M | $52.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0097% | 8h | 86,590 | −0.074% | $217.4M | $189.0M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0099% | 8h | 86,623.7 | −0.035% | $2.5M | $8.5M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,672.7 | +0.022% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,608 | −0.053% | $200K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,599.5 | −0.063% | $21.8M | $236.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,695 | +0.047% | $3.83B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,653.4 | −0.001% | $41.0M | $485.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,621 | −0.038% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,691.5 | +0.043% | $7.4M | $94.3M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | +0.013% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,610.2 | −0.051% | $38.2M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,590.7 | −0.073% | $279.7M | $948.0M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,636.4 | −0.020% | $141.8M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,613.9 | −0.046% | $30.8M | $205.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,670.5 | +0.019% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,609 | −0.052% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,607.3 | −0.054% | $198K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,629 | −0.029% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,614.1 | −0.046% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,600.3 | −0.062% | $3.4M | $5.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,602 | −0.060% | $60.4M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,604.4 | −0.057% | $2.30B | $955.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,608.8 | −0.052% | $46.6M | $229.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,631.8 | −0.026% | — | $98.0M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0109% | 8h | 86,642 | −0.014% | $8.8M | $722.8M | 6.4x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,641.1 | −0.015% | $191.5M | $927.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTXlong | +0.0120% | 1h | 86,654 | long leg | $131.9M | $5.88B | 50x | |
| BloFin BTC-USDT | +0.0168% | 8h | 86,618.6 | −0.041% | $418.8M | $642.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0198% | 1h | 86,622.7 | −0.036% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 86,618.9 | −0.041% | $601K | $7.2M | 30x | as long as short |
BingX BTC-USDC
Reya BTCRUSDPERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
GRVT BTC_USDT_Perp
Orderly PERP_BTC_USDC
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P