Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h −0.037%
Price spread now: Aevo against Deribit−0.052%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.275% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.052%, 7d avg −0.066%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BTC-PERPETUAL | 85,592.6 | 0.0095 | pay 0.0012% / 1h | 2m 58s | $887.3M | $1.58B | 50x |
| Short | Aevo BTC-PERP | 85,548.3 | 0.0096 | get 0.0012% / 1h | 2m 58s | $2.5M | $1.7M | 20x |
Deribit BTC-PERPETUAL
Aevo BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Deribit. 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
- $0.31
- Price spread: −0.052% → −0.066%
- $1.4
- Slippage, 4 orders
- −$4.51
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$25.8
- Costs to cover
- 0.275%
- Break-even
- 596.1 days
Slippage from Deribit: live order book, 1 min ago; Aevo: 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 Deribit live order book, 1 min ago | 0.03 bp | 4.1 bp −$4 | 4.5 bp −$45 | 6.8 bp −$684 | 9.5 bp −$4,774 |
| Sell Aevo live order book, 1 min ago | 1.13 bp | 9.3 bp −$9 | 11.2 bp −$112 | 13.7 bp −$1,368 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0179% | 1h | 85,492 | −0.118% | $2.1M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,533 | −0.070% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,557.9 | −0.041% | $367K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0033% | 8h | 85,530.6 | −0.072% | $920.3M | $751.8M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,554.8 | −0.044% | $417.5M | $669.6M | 150x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,562.2 | −0.036% | $36.6M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0011% | 1h | 85,564.7 | −0.033% | $16.8M | $21.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0011% | 1h | 85,540.3 | −0.061% | $25.0M | $221.9M | 50x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 85,544.6 | −0.056% | $515.6M | $1.10B | 200x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,546.4 | −0.054% | $4.2M | $98.3M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
BloFin BTC-USDT
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Nado BTC-PERP
Aster BTCUSDT
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | +0.0037% | 1h | 85,599.6 | +0.008% | $207K | $739K | 40x | as long as short |
| BingX BTC-USDT | +0.0063% | 8h | 85,559.4 | −0.039% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0071% | 8h | 85,545.2 | −0.055% | $148.4M | $489.2M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,543.1 | −0.058% | $2.95B | $5.08B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0087% | 1h | 85,551.9 | −0.048% | $6.7M | $146.8M | 40x | as long as short |
| Deribit BTC-PERPETUALlong | +0.0095% | 1h | 85,592.6 | long leg | $887.3M | $1.58B | 50x | |
| Lighter BTC | +0.0096% | 1h | 85,562.8 | −0.035% | $172.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,565.6 | −0.032% | $23.9M | $149.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,555 | −0.044% | $8.4M | $53.5M | 100x | as long as short |
| Aevo BTC-PERPshort | +0.0096% | 1h | 85,548.3 | −0.052% | $2.5M | $1.7M | 20x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,516 | −0.089% | $210K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,615.5 | +0.027% | $5.2M | $9.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,635 | +0.050% | $3.75B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,576.4 | −0.019% | $40.2M | $581.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,560 | −0.038% | $9.37B | $24.17B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,554.8 | −0.044% | $5.20B | $9.80B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,552.7 | −0.047% | $2.58B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,502 | −0.106% | $3.8M | $17.8M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,487.5 | −0.123% | $672.1M | $698.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,558.2 | −0.040% | $5.52B | $10.77B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,558.5 | −0.040% | $5.07B | $5.66B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,539 | −0.063% | $35.1M | $177.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,444.6 | −0.173% | $153.4M | $564.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,454.2 | −0.162% | $279.2M | $922.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,487.4 | −0.123% | $214.6M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,480.6 | −0.131% | $139.8M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,484.2 | −0.127% | $30.2M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,593.4 | +0.001% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,550 | −0.050% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,556 | −0.043% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,552.5 | −0.047% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,545.9 | −0.055% | $30.0M | $50.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,536.5 | −0.066% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,555 | −0.044% | $59.9M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,548.1 | −0.052% | $2.26B | $942.8M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,532.4 | −0.070% | $44.6M | $230.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,517.8 | −0.087% | — | $107.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,589.1 | −0.004% | $117.5M | $5.20B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,565 | −0.032% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,574 | −0.022% | $187.6M | $953.7M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,561.3 | −0.037% | $13.3M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,576.8 | −0.018% | $8.4M | $42.7M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0214% | 1h | 85,514.1 | −0.092% | $78K | $220K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0219% | 8h | 85,568 | −0.029% | $10.3M | $755.0M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,503.6 | −0.104% | $701K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,556.5 | −0.042% | $496K | $18.7M | 6.7x | as long as short |
Bluefin BTC-PERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
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
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Perpl BTC