Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h +0.003%
Price spread now: gTrade (Gains Network) against edgeX+0.037%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$170.171% of the position
Long on edgeXShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.061%+$6 on $10k
Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.037%, 7d avg +0.034%
Together, before fees+0.065%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.061%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BTCUSDC86,321.80.0100pay 0.0050% / 4h1h 09m$279.0M$944.1M100x
ShortgTrade (Gains Network) BTC/USD86,353.8L +0.0005% / S −0.0004%get 0.0001% / 1h9m 03s$36.8M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against edgeX. 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

Funding earned
−$20.06
Price spread: +0.037% → +0.034%
$0.26
Slippage, 4 orders
−$1.07
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$36.87
Costs to cover
0.171%
Break-even
never at this rate
Slippage from edgeX: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 5 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 edgeX live order book, 5 min ago0.02 bp4.5 bp −$54.5 bp −$454.7 bp −$4755.8 bp −$2,914
Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago0.51 bp4.0 bp −$44.1 bp −$414.5 bp −$4466.4 bp −$3,182

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−0.0586%1h86,358+0.042%$140K$620K40xas long as short
Phoenix BTC−0.0159%1h86,356+0.040%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,308−0.016%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0016%1h86,339+0.020%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0012%8h86,349+0.031%$503.2M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0004%8h86,334.1+0.014%$851.4M$712.7M125xas long as short
gTrade (Gains Network) BTC/USDshortL +0.0005% / S −0.0004%1h86,353.8+0.037%$36.8M—200x
dYdX BTC-USD+0.0005%1h86,294.2−0.032%$16.9M$21.1M50xas long as short
RISEx BTC/USDC+0.0006%1h86,324.3+0.003%$8.4M$42.8M25xas long as short
Reya BTCRUSDPERP+0.0023%1h86,329.6+0.009%$6.7M$145.0M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0024%1h86,360+0.044%$332K$26.8M52xas long as short
BingX BTC-USDT+0.0037%8h86,349.3+0.032%—$1.59B—as long as short
Phemex BTCUSDT+0.0042%8h86,340.7+0.022%$150.2M$476.9M150xas long as short
Bitget BTCUSDT+0.0046%8h86,349.5+0.032%$2.95B$5.11B150xas long as short
Aftermath Perps BTCUSD+0.0052%1h86,383.8+0.072%$80K$219K20xas long as short
MEXC BTC_USDT+0.0063%8h86,340.3+0.021%$5.11B$5.71B500xas long as short
Binance BTCUSDT+0.0064%8h86,352.4+0.035%$9.42B$24.46B150xas long as short
Aevo BTC-PERP+0.0064%1h86,331.6+0.011%$2.4M$1.3M20xas long as short
Deribit BTC-PERPETUAL+0.0069%1h86,377.6+0.065%$917.6M$1.49B50xas long as short
Gate BTC_USDT+0.0080%8h86,346.6+0.029%$5.84B$10.76B200xas long as short
Bybit BTCUSDT+0.0094%8h86,355+0.038%$5.25B$9.79B150xas long as short
Lighter BTC+0.0096%1h86,346.3+0.028%$170.2M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,358+0.042%$24.0M$152.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,334+0.014%$8.4M$52.4M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,309−0.015%$202K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,344.9+0.027%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,295.1−0.031%$21.6M$234.6M50xas long as short
Hyperliquid BTC+0.0100%1h86,411+0.103%$3.79B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,348+0.030%$40.7M$517.9M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,357.7+0.042%$2.54B$12.72B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,325+0.004%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,379.6+0.067%$7.8M$94.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,320.9−0.001%$570.7M$18.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,335.4+0.016%$37.8M$154.8M75xas long as short
Variational Omni BTC+0.0100%8h86,316.3−0.006%$155.5M$568.1M—as long as short
edgeX BTCUSDClong+0.0100%4h86,321.8long leg$279.0M$944.1M100x
GRVT BTC_USDT_Perp+0.0100%8h86,358.3+0.042%$217.0M$174.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,353.6+0.037%$141.2M$323.8M100xas long as short
StandX BTC-USD+0.0100%1h86,332.2+0.012%$30.6M$204.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,372.3+0.058%—$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,333+0.013%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,344+0.026%$190K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,345.1+0.027%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h86,361.5+0.046%$30.6M$62.2M15xas long as short
SunX BTC-USDT+0.0100%8h86,293.8−0.032%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,340+0.021%$60.4M$337.3M40xas long as short
HTX BTC-USDT+0.0100%8h86,317.5−0.005%$2.29B$968.8M200xas long as short
Extended BTC-USD+0.0104%1h86,334.6+0.015%$45.6M$226.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,345.5+0.027%—$98.9M500xas long as short
Perpl BTC+0.0112%43m86,309.8−0.014%$420K$23.5M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,380.8+0.068%$131.3M$5.68B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,365.9+0.051%$191.3M$945.6M100xas long as short
Hibachi BTC/USDT-P+0.0128%1h86,306.6−0.018%$718K$8.1M30xas long as short
BloFin BTC-USDT+0.0184%8h86,339.6+0.021%$414.4M$653.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0187% / S −0.0209%1h86,346.7+0.029%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0198%8h86,335+0.015%$9.8M$735.1M6.4xas long as short