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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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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 20:36 UTC−0.0439%/8h= −48.1% APRpaid last 24h −0.037%
Price spread now: Perpl against Extended+0.051%7-day average +0.054% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Perpl
What this pair did over the last
the charts below follow
Funding, last 7 days+0.278%+$28 on $10k
Price spread, last 7 days+0.036%+$4 · spread now +0.051%, 7d avg +0.054%
Together, before fees+0.314%+ Points / potential airdropExtended: Active · Perpl: Active · farm board+$31 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.278%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.278% in total (about 14.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD86,632.40.0104pay 0.0013% / 1h51m 48s$46.3M$228.4M50x
ShortPerpl BTC86,676.3−0.0335pay 0.0030% / 43m38m 48s$425K$25.4M6.7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
−$92.17
Price spread: +0.051% → +0.054%
−$0.35
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$111.32
Costs to cover
0.188%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 2 min ago; Perpl: 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, 2 min ago0.06 bp2.6 bp −$33.1 bp −$314.4 bp −$44210.1 bp −$5,047
Sell Perpl no order-book sample—————
Perpl: 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
Perpl BTCshort−0.0335%43m86,676.3+0.051%$425K$25.4M6.7x
Aftermath Perps BTCUSD−0.0192%1h86,795.1+0.188%$85K$188K20xas long as short
Phoenix BTC−0.0103%1h86,701+0.079%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,691+0.068%$9K$3K50xas long as short
dYdX BTC-USD−0.0073%1h86,696.3+0.074%$18.1M$19.9M50xas long as short
KuCoin XBTUSDTM−0.0002%8h86,646.6+0.016%$845.4M$709.5M125xas long as short
01 Exchange BTCUSD0.0000%1h86,694.9+0.072%$361K$2.5M50xas long as short
Kalshi KXBTCPERP0.0000%8h86,715+0.095%$8.8M$725.1M6.4xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,702.9+0.081%$921.9M$1.38B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,698.3+0.076%$36.7M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BTCUSDT+0.0015%8h86,634.9+0.003%$505.8M$1.16B200xas long as short
Bluefin BTC-PERP+0.0015%1h86,690.8+0.067%$141K$619K40xas long as short
BingX BTC-USDT+0.0019%8h86,645.7+0.015%—$1.59B—as long as short
Reya BTCRUSDPERP+0.0021%1h86,671+0.045%$6.8M$143.9M40xas long as short
Phemex BTCUSDT+0.0022%8h86,660.2+0.032%$149.5M$469.5M150xas long as short
Bitget BTCUSDT+0.0026%8h86,634.6+0.003%$2.95B$5.08B150xas long as short
MEXC BTC_USDT+0.0047%8h86,647.9+0.018%$5.21B$5.63B500xas long as short
Binance BTCUSDT+0.0047%8h86,644.6+0.014%$9.44B$24.35B150xas long as short
Aevo BTC-PERP+0.0048%1h86,670.5+0.044%$2.4M$1.3M20xas long as short
Injective BTC/USDC PERP+0.0049%1h86,732+0.115%$315K$26.8M52xas long as short
OKX BTC-USDT-SWAP+0.0058%8h86,653.1+0.024%$2.58B$12.72B100xas long as short
RISEx BTC/USDC+0.0063%1h86,687.4+0.063%$9.0M$42.1M25xas long as short
Gate BTC_USDT+0.0064%8h86,646.8+0.017%$5.86B$10.56B200xas long as short
Bybit BTCUSDT+0.0077%8h86,645.4+0.015%$5.28B$9.69B150xas long as short
Variational Omni BTC+0.0088%8h86,792.9+0.185%$161.2M$563.4M—as long as short
GRVT BTC_USDT_Perp+0.0095%8h86,798+0.191%$217.8M$191.2M50xas long as short
Lighter BTC+0.0096%1h86,673.9+0.048%$172.3M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,680.4+0.055%$24.1M$152.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,667+0.040%$8.5M$52.1M100xas long as short
Orderly PERP_BTC_USDC+0.0098%8h86,675.4+0.050%$2.5M$8.4M100xas long as short
SoDEX BTC-USD+0.0099%1h86,658+0.030%$60.5M$336.4M40xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,727.8+0.110%$4.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,665+0.038%$202K$6.8M50xas long as short
Nado BTC-PERP+0.0100%1h86,658.2+0.030%$21.9M$237.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,728+0.110%$3.85B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,707.4+0.087%$41.6M$484.5M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,683+0.058%$3.9M$18.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,749.5+0.135%$7.6M$95.4M40xas long as short
Bulk BTC-USD+0.0100%1h86,919.5+0.331%$573.8M$23.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,662.8+0.035%$38.2M$148.1M75xas long as short
edgeX BTCUSDC+0.0100%4h86,752.1+0.138%$280.2M$945.8M100xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,805.9+0.200%$142.0M$322.7M100xas long as short
StandX BTC-USD+0.0100%1h86,692.9+0.070%$30.8M$205.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,740.3+0.124%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,680+0.055%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,670.8+0.044%$201K$3.4M20xas long as short
Derive BTC-PERP+0.0100%1h86,672.9+0.047%$30.0M$61.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,668.1+0.041%$3.4M$5.6M100xas long as short
HTX BTC-USDT+0.0100%8h86,663.6+0.036%$2.30B$954.4M200xas long as short
Extended BTC-USDlong+0.0104%1h86,632.4long leg$46.3M$228.4M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,703.3+0.082%—$97.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,704.2+0.083%$192.6M$927.3M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,711.1+0.091%$132.1M$5.93B50xas long as short
BloFin BTC-USDT+0.0167%8h86,696.6+0.074%$419.6M$641.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0181% / S −0.0200%1h86,693.4+0.070%$15.4M—200xas long as short
Hibachi BTC/USDT-P+0.0200%1h86,754.1+0.140%$599K$7.2M30xas long as short