Funding you earn now, next payment 08:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.027%
Price spread now: BloFin against Coinbase International−0.077%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.077%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.029% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BTC-PERP-INTX | 85,772.9 | 0.0112 | pay 0.0014% / 1h | 22m 25s | $112.1M | $5.39B | 50x |
| Short | BloFin BTC-USDT | 85,706.9 | −0.0020 | pay 0.0020% / 8h | 7h 22m | $425.8M | $654.2M | 150x |
Coinbase International BTC-PERP-INTX
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$27.72
- Price spread: −0.077% → −0.048%
- −$2.89
- Slippage, 4 orders
- −$0.12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$52.72
- Costs to cover
- 0.221%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.2 bp −$522 | 11.2 bp −$5,598 |
| Sell BloFin live order book, 7 min ago | 0.05 bp | 6.1 bp −$6 | 6.2 bp −$62 | 6.7 bp −$666 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0830% | 1h | 85,756.1 | −0.020% | $194K | $785K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,694 | −0.092% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDTshort | −0.0020% | 8h | 85,706.9 | −0.077% | $425.8M | $654.2M | 150x | |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,652 | −0.141% | $307K | $26.2M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,741.1 | −0.037% | $355K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,715 | −0.068% | $36.7M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0022% | 8h | 85,765.9 | −0.008% | $944.5M | $755.2M | 125x | as long as short |
| Aster BTCUSDT | +0.0039% | 8h | 85,722.1 | −0.059% | $504.3M | $1.05B | 200x | as long as short |
| dYdX BTC-USD | +0.0051% | 1h | 85,738.3 | −0.040% | $16.8M | $20.7M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,757.2 | −0.018% | $186.4M | $915.3M | 100x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
Injective BTC/USDC PERP
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 85,520 | −0.295% | $2.3M | $10.4M | 40x | as long as short |
| BingX BTC-USDC | +0.0080% | 8h | 85,727 | −0.054% | — | $17.3M | — | as long as short |
| Nado BTC-PERP | +0.0083% | 1h | 85,738.8 | −0.040% | $24.4M | $213.6M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,784.4 | +0.013% | $172.1M | $951.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,759 | −0.016% | $23.5M | $135.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,742 | −0.036% | $8.7M | $56.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,713.7 | −0.069% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,726 | −0.055% | $266K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,791.2 | +0.021% | $5.8M | $9.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,783.5 | +0.012% | $40.4M | $602.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,736 | −0.043% | $9.42B | $24.37B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,741.7 | −0.036% | $5.10B | $9.67B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,772.1 | −0.001% | $2.62B | $11.64B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,726 | −0.055% | $3.9M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,755.2 | −0.021% | $5.0M | $96.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,303.3 | −0.548% | $702.0M | $164.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,759.8 | −0.015% | $5.51B | $9.97B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,749.2 | −0.028% | $5.06B | $5.78B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,780.9 | +0.009% | $2.99B | $4.91B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,705.3 | −0.079% | $37.7M | $192.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,352.3 | −0.490% | $155.8M | $535.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,427 | −0.403% | $285.6M | $964.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,464 | −0.360% | $214.5M | $157.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,415 | −0.417% | $136.6M | $312.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,531.9 | −0.281% | $30.2M | $217.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,818.3 | +0.053% | — | $9.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,775 | +0.002% | $10.9M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,808.4 | +0.041% | $210K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,710.5 | −0.073% | $2.7M | $9.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,444.6 | −0.383% | $28.8M | $52.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,735.7 | −0.043% | $3.1M | $6.9M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,731 | −0.049% | $60.0M | $311.9M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,722.5 | −0.059% | $2.27B | $954.8M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,730.8 | −0.049% | $165.2M | $510.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,723.5 | −0.058% | $45.6M | $237.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,669.2 | −0.121% | — | $104.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTXlong | +0.0112% | 1h | 85,772.9 | long leg | $112.1M | $5.39B | 50x | |
| Reya BTCRUSDPERP | +0.0151% | 1h | 85,769.4 | −0.004% | $6.6M | $135.8M | 40x | as long as short |
| Hyperliquid BTC | +0.0155% | 1h | 85,856 | +0.097% | $3.86B | $4.74B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0190% | 8h | 85,686 | −0.101% | $10.8M | $735.9M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,776.3 | +0.004% | $9.0M | $41.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0198% / S −0.0175% | 1h | 85,718.7 | −0.063% | $12.9M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0214% | 1h | 85,777.8 | +0.006% | $833.0M | $1.64B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0344% | 1h | 85,721.6 | −0.060% | $694K | $7.5M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0346% | 1h | 85,517.9 | −0.297% | $81K | $259K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,748.2 | −0.029% | $453K | $17.2M | 6.7x | as long as short |
Phoenix BTC
BingX BTC-USDC
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
Hyperliquid BTC
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC