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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 00:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.043%
Price spread now: Jupiter Perps against Extended+0.027%7-day average +0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Jupiter Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.143%−$14 on $10k
Price spread, last 3 days (all we have)−0.017%−$2 · spread now +0.027%, 7d avg +0.044%
Together, before fees−0.160%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD86,468.60.0104pay 0.0013% / 1h30m 00s$45.4M$227.3M50x
ShortJupiter Perps WBTC-PERP86,492.2L +0.0104% / S +0.0048%pay 0.0006% / 1h30m 00s—$98.8M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps 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
−$31.92
Price spread: +0.027% → +0.044%
−$1.63
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$50.55
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 4 min ago; Jupiter Perps: no order-book sample. Net counts fees only.

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, 4 min ago0.06 bp2.6 bp −$32.6 bp −$262.6 bp −$2598.7 bp −$4,361
Sell Jupiter Perps no order-book sample—————
Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h86,471+0.003%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,462−0.008%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568+0.115%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,484.9+0.019%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,488.3+0.023%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0001%8h86,460−0.010%$501.7M$1.15B200xas long as short
Perpl BTC0.0000%43m86,482.2+0.016%$416K$23.1M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,497+0.033%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0017%8h86,478.9+0.012%$850.5M$715.5M125xas long as short
Reya BTCRUSDPERP+0.0030%1h86,479.3+0.012%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0042%8h86,465.9−0.003%—$1.59B—as long as short
Deribit BTC-PERPETUAL+0.0049%1h86,505.9+0.043%$914.9M$1.48B50xas long as short
Phemex BTCUSDT+0.0050%8h86,476.3+0.009%$150.8M$478.7M150xas long as short
Bitget BTCUSDT+0.0052%8h86,462.1−0.007%$2.96B$5.13B150xas long as short
dYdX BTC-USD+0.0063%1h86,493.3+0.029%$16.9M$21.1M50xas long as short
MEXC BTC_USDT+0.0070%8h86,468.60.000%$5.16B$5.66B500xas long as short
Binance BTCUSDT+0.0070%8h86,458.1−0.012%$9.43B$24.57B150xas long as short
Aevo BTC-PERP+0.0072%1h86,473+0.005%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0083%8h86,467.6−0.001%$5.87B$10.76B200xas long as short
SoDEX BTC-USD+0.0090%1h86,467−0.002%$60.5M$337.8M40xas long as short
Lighter BTC+0.0096%1h86,475.6+0.008%$170.2M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,478.6+0.012%$24.0M$152.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,4690.000%$8.5M$52.4M100xas long as short
Bybit BTCUSDT+0.0099%8h86,463.2−0.006%$5.26B$9.82B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,453−0.018%$200K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,504.6+0.042%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,468.90.000%$21.9M$234.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,540+0.083%$3.79B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,503.3+0.040%$40.8M$527.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,468.30.000%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,482+0.016%$3.9M$18.7M25xas long as short
Arcus BTC-USD+0.0100%1h86,515.6+0.054%$7.6M$95.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,462−0.008%$38.2M$155.7M75xas long as short
Variational Omni BTC+0.0100%8h86,474.8+0.007%$157.5M$568.1M—as long as short
edgeX BTCUSDC+0.0100%4h86,477.1+0.010%$279.3M$947.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,492.7+0.028%$217.2M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,488.9+0.023%$141.4M$323.2M100xas long as short
StandX BTC-USD+0.0100%1h86,474.4+0.007%$30.7M$205.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,516.6+0.056%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,480+0.013%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,484+0.018%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,478.8+0.012%$2.4M$9.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,504.1+0.041%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,512.8+0.051%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,455.5−0.015%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,461.1−0.009%$2.29B$969.6M200xas long as short
Bulk BTC-USD+0.0100%1h86,464.9−0.004%$572.1M$16.9M40xas long as short
Extended BTC-USDlong+0.0104%1h86,468.6long leg$45.4M$227.3M50x
Jupiter Perps WBTC-PERPshortL +0.0104% / S +0.0048%1h86,492.2+0.027%—$98.8M500x
Kraken Futures PF_XBTUSD+0.0110%1h86,495+0.031%$194.0M$952.3M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,512.1+0.050%$132.2M$5.66B50xas long as short
Aftermath Perps BTCUSD+0.0141%1h86,527.6+0.068%$79K$218K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,503.4+0.040%$728K$8.1M30xas long as short
BloFin BTC-USDT+0.0191%8h86,467.5−0.001%$415.6M$658.4M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0195% / S −0.0217%1h86,492.7+0.028%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,498+0.034%$9.7M$746.1M6.4xas long as short