BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.024%

Price spread now: Aevo against dYdX−0.029%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on dYdX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.029%, 7d avg −0.027%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BTC-USD	85,738.3	0.0051	pay 0.0006% / 1h	22m 43s	$16.8M	$20.7M	50x
Short	Aevo BTC-PERP	85,713.7	0.0096	get 0.0012% / 1h	22m 43s	$2.4M	$6.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee AevobpOrdersPrice spread, now −0.029%Rate

Funding earned: $9.52
Price spread: −0.029% → −0.027%: −$0.13
Slippage, 4 orders: −$11.71
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$28.31
Costs to cover: 0.377%
Break-even: 27.8 days

Slippage from dYdX: 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 dYdX live order book, 1 min ago	0.06 bp	12.2 bp −$12	14.4 bp −$144	17.1 bp −$1,715	41.0 bp −$20.5K
Sell Aevo live order book, 1 min ago	0.61 bp	10.0 bp −$10	11.1 bp −$111	14.6 bp −$1,461	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	+0.021%	$194K	$785K	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,640	−0.115%	$8K	$2K	50x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,706.9	−0.037%	$425.8M	$654.2M	150x	as long as short
Injective BTC/USDC PERP	−0.0006%	1h	85,652	−0.101%	$307K	$26.2M	52x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,654.9	−0.097%	$354K	$2.2M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,715	−0.027%	$36.7M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0022%	8h	85,765.9	+0.032%	$944.5M	$755.2M	125x	as long as short
Aster BTCUSDT	+0.0039%	8h	85,733.5	−0.006%	$504.4M	$1.05B	200x	as long as short
dYdX BTC-USDlong	+0.0051%	1h	85,738.3	long leg	$16.8M	$20.7M	50x
Kraken Futures PF_XBTUSD	+0.0068%	1h	85,757.2	+0.022%	$186.4M	$915.3M	100x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix BTC	+0.0075%	1h	85,520	−0.255%	$2.3M	$10.4M	40x	as long as short
BingX BTC-USDT	+0.0080%	8h	85,743.1	+0.006%	—	$1.53B	—	as long as short
Nado BTC-PERP	+0.0085%	1h	85,650.1	−0.103%	$24.3M	$213.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	85,784.4	+0.054%	$172.1M	$951.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,759	+0.024%	$23.5M	$135.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,659	−0.092%	$8.7M	$56.4M	100x	as long as short
Aevo BTC-PERPshort	+0.0096%	1h	85,713.7	−0.029%	$2.4M	$6.7M	20x
Katana Perps BTC-USD	+0.0100%	8h	85,726	−0.014%	$266K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,791.2	+0.062%	$5.8M	$9.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	85,783.5	+0.053%	$40.4M	$602.4M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	85,749	+0.013%	$9.43B	$24.36B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,739.1	+0.001%	$5.10B	$9.67B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,754.9	+0.019%	$2.62B	$11.63B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,726	−0.014%	$3.9M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,755.2	+0.020%	$5.0M	$96.4M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,303.3	−0.507%	$702.0M	$164.8M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,759.8	+0.025%	$5.51B	$9.97B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	85,749.2	+0.013%	$5.06B	$5.78B	500x	as long as short
Bitget BTCUSDT	+0.0100%	8h	85,746.8	+0.010%	$2.99B	$4.91B	150x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,705.3	−0.038%	$37.7M	$192.1M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,352.3	−0.450%	$155.8M	$535.0M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,427	−0.363%	$285.6M	$964.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,464	−0.320%	$214.5M	$157.0M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,415	−0.377%	$136.6M	$312.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,531.9	−0.241%	$30.2M	$217.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,720.3	−0.021%	—	$9.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,686	−0.061%	$10.9M	$14.4M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,700	−0.045%	$210K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,710.5	−0.032%	$2.7M	$9.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,444.6	−0.342%	$28.8M	$52.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,735.7	−0.003%	$3.1M	$6.9M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,731	−0.008%	$60.0M	$311.9M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,722.5	−0.018%	$2.27B	$954.8M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,730.8	−0.009%	$165.2M	$510.2M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,723.5	−0.017%	$45.6M	$237.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,669.2	−0.081%	—	$104.2M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,772.9	+0.040%	$112.1M	$5.39B	50x	as long as short
Reya BTCRUSDPERP	+0.0151%	1h	85,671.2	−0.078%	$6.6M	$136.1M	40x	as long as short
Hyperliquid BTC	+0.0154%	1h	85,824	+0.100%	$3.86B	$4.73B	40x	as long as short
Kalshi KXBTCPERP	+0.0190%	8h	85,686	−0.061%	$10.8M	$735.9M	6.4x	as long as short
RISEx BTC/USDC	+0.0194%	1h	85,776.3	+0.044%	$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	−0.023%	$12.9M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0214%	1h	85,777.8	+0.046%	$833.0M	$1.64B	50x	as long as short
Hibachi BTC/USDT-P	+0.0344%	1h	85,586.9	−0.177%	$690K	$7.6M	30x	as long as short
Aftermath Perps BTCUSD	+0.0346%	1h	85,517.9	−0.257%	$81K	$259K	20x	as long as short
Perpl BTC	+0.0447%	43m	85,748.2	+0.012%	$453K	$17.2M	6.7x	as long as short