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

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.010%
Price spread now: Coinbase International against Extended+0.081%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Long on ExtendedShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.052%−$5 on $10k
Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.081%, 7d avg +0.075%
Together, before fees−0.085%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD86,434.10.0104pay 0.0013% / 1h28m 43s$45.5M$227.3M50x
ShortCoinbase International BTC-PERP-INTX86,503.80.0112get 0.0014% / 1h28m 43s$132.3M$5.66B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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
$1.68
Price spread: +0.081% → +0.075%
$0.55
Slippage, 4 orders
−$0.13
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$12.9
Costs to cover
0.151%
Break-even
60.8 days
Slippage from Extended: live order book, 5 min ago; Coinbase International: live order book, 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 Extended live order book, 5 min ago0.06 bp2.6 bp −$32.6 bp −$262.6 bp −$2598.7 bp −$4,361
Sell Coinbase International live order book, 5 min ago0.01 bp5.0 bp −$55.0 bp −$505.7 bp −$56513.5 bp −$6,726

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
Phoenix BTC−0.0118%1h86,477+0.050%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,455+0.024%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568+0.155%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,473.2+0.045%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,488.3+0.063%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0001%8h86,440.2+0.007%$501.6M$1.15B200xas long as short
Perpl BTC0.0000%43m86,478.3+0.051%$416K$23.1M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,484.8+0.059%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0017%8h86,449.4+0.018%$850.1M$715.5M125xas long as short
Reya BTCRUSDPERP+0.0031%1h86,456.6+0.026%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0042%8h86,448.9+0.017%—$1.59B—as long as short
Phemex BTCUSDT+0.0051%8h86,464.1+0.035%$150.7M$478.6M150xas long as short
Bitget BTCUSDT+0.0052%8h86,439.2+0.006%$2.96B$5.13B150xas long as short
Deribit BTC-PERPETUAL+0.0056%1h86,503.7+0.081%$914.7M$1.48B50xas long as short
dYdX BTC-USD+0.0067%1h86,493.3+0.069%$16.9M$21.2M50xas long as short
Binance BTCUSDT+0.0069%8h86,439.3+0.006%$9.42B$24.57B150xas long as short
MEXC BTC_USDT+0.0070%8h86,447.5+0.016%$5.16B$5.66B500xas long as short
Aevo BTC-PERP+0.0072%1h86,454.3+0.023%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0083%8h86,452.3+0.021%$5.87B$10.76B200xas long as short
SoDEX BTC-USD+0.0086%1h86,465+0.036%$60.5M$337.9M40xas long as short
Lighter BTC+0.0096%1h86,450.9+0.019%$170.2M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,461.5+0.032%$24.0M$152.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,462+0.032%$8.5M$52.4M100xas long as short
Bybit BTCUSDT+0.0098%8h86,441.7+0.009%$5.26B$9.81B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,444+0.012%$200K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,495.3+0.071%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,459.6+0.030%$21.9M$234.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,520+0.099%$3.79B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,498.6+0.075%$41.1M$529.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,455.6+0.025%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,473+0.045%$3.9M$18.7M25xas long as short
Arcus BTC-USD+0.0100%1h86,503.5+0.080%$7.5M$95.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,451.9+0.021%$38.2M$155.7M75xas long as short
Variational Omni BTC+0.0100%8h86,474.8+0.047%$157.5M$568.1M—as long as short
edgeX BTCUSDC+0.0100%4h86,477.1+0.050%$279.3M$947.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,485.6+0.060%$217.2M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,488.9+0.063%$141.4M$323.2M100xas long as short
StandX BTC-USD+0.0100%1h86,471+0.043%$30.7M$205.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,507.1+0.084%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,459+0.029%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,456.7+0.026%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,469+0.040%$2.4M$9.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,494.5+0.070%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,495.8+0.071%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,450.6+0.019%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,450+0.018%$2.29B$969.5M200xas long as short
Bulk BTC-USD+0.0100%1h86,464.9+0.036%$572.1M$16.9M40xas long as short
Extended BTC-USDlong+0.0104%1h86,434.1long leg$45.5M$227.3M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,485.2+0.059%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,493.6+0.069%$194.0M$952.3M100xas long as short
Coinbase International BTC-PERP-INTXshort+0.0112%1h86,503.8+0.081%$132.3M$5.66B50x
Aftermath Perps BTCUSD+0.0143%1h86,519.6+0.099%$79K$218K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,500.8+0.077%$728K$8.1M30xas long as short
BloFin BTC-USDT+0.0190%8h86,461+0.031%$415.5M$658.7M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0195% / S −0.0218%1h86,474.9+0.047%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,488+0.062%$9.7M$746.3M6.4xas long as short