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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−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: StandX against Extended+0.149%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$150.153% of the position
Long on ExtendedShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 7 days−0.153%−$15 · spread now +0.149%, 7d avg +0.032%
Together, before fees−0.177%+ Points / potential airdropExtended: Active · StandX: Active · farm board−$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.117% dearer against Extended than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD86,5370.0104pay 0.0013% / 1h36m 53s$46.4M$225.3M50x
ShortStandX BTC-USD86,6660.0100get 0.0013% / 1h36m 53s$30.7M$203.4M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
−$0.84
Price spread: +0.149% → +0.032%
$11.72
Slippage, 4 orders
−$2.33
Fee Extended: 2.5 bp × 2 orders
−$5
Fee StandX: 4 bp × 2 orders
−$8
Net
−$4.45
Costs to cover
0.153%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago0.06 bp2.6 bp −$32.6 bp −$262.9 bp −$2939.1 bp −$4,557
Sell StandX live order book, 2 min ago0.46 bp5.3 bp −$56.2 bp −$627.1 bp −$7129.1 bp −$4,568

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−0.0753%1h86,588+0.059%$140K$618K40xas long as short
Phoenix BTC−0.0159%1h86,627+0.104%$2.2M$11.8M40xas long as short
Aftermath Perps BTCUSD−0.0153%1h86,645.4+0.125%$83K$215K20xas long as short
Hotstuff BTC-PERP−0.0080%1h86,606+0.080%$9K$3K50xas long as short
dYdX BTC-USD−0.0011%1h86,627.2+0.104%$17.5M$20.3M50xas long as short
01 Exchange BTCUSD−0.0008%1h86,603.6+0.077%$359K$2.4M50xas long as short
Aster BTCUSDT−0.0007%8h86,558.2+0.025%$505.1M$1.15B200xas long as short
Perpl BTC0.0000%43m86,598.6+0.071%$419K$23.9M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,602.6+0.076%$925.1M$1.47B50xas long as short
KuCoin XBTUSDTM+0.0001%8h86,554.6+0.020%$852.0M$708.1M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,595.3+0.067%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,601.5+0.075%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,573.6+0.042%$6.7M$144.8M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559+0.025%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0029%8h86,570.1+0.038%$150.3M$473.7M150xas long as short
BingX BTC-USDT+0.0034%8h86,554.3+0.020%—$1.59B—as long as short
Hibachi BTC/USDT-P+0.0040%1h86,683.5+0.169%$731K$8.2M30xas long as short
Bitget BTCUSDT+0.0042%8h86,556.6+0.023%$2.95B$5.07B150xas long as short
Binance BTCUSDT+0.0061%8h86,545.8+0.010%$9.42B$24.31B150xas long as short
MEXC BTC_USDT+0.0061%8h86,552.7+0.018%$5.18B$5.64B500xas long as short
Aevo BTC-PERP+0.0064%1h86,565.9+0.033%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0076%8h86,548.5+0.013%$5.85B$10.65B200xas long as short
Bybit BTCUSDT+0.0090%8h86,556.3+0.022%$5.27B$9.70B150xas long as short
Lighter BTC+0.0096%1h86,562+0.029%$171.7M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,577.9+0.047%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,587+0.058%$8.5M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,585+0.056%$204K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,631.6+0.109%$4.8M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,602.6+0.076%$21.8M$233.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,629+0.106%$3.81B$5.08B40xas long as short
Pacifica BTC+0.0100%1h86,643.6+0.123%$41.1M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,556.6+0.023%$2.55B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,606+0.080%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,678.3+0.163%$7.4M$93.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.192%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,570.7+0.039%$38.4M$153.2M75xas long as short
Variational Omni BTC+0.0100%8h86,696.3+0.184%$156.8M$565.9M—as long as short
edgeX BTCUSDC+0.0100%4h86,636.2+0.115%$280.0M$943.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,641.8+0.121%$217.4M$174.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,642.9+0.122%$141.6M$323.1M100xas long as short
StandX BTC-USDshort+0.0100%1h86,666+0.149%$30.7M$203.4M40x
Vest BTC-PERP+0.0100%1h86,649.2+0.130%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,587+0.058%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,586+0.057%$194K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,576.3+0.045%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,570.8+0.039%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,620.2+0.096%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,568+0.036%$60.5M$337.0M40xas long as short
HTX BTC-USDT+0.0100%8h86,566.6+0.034%$2.30B$964.2M200xas long as short
Extended BTC-USDlong+0.0104%1h86,537long leg$46.4M$225.3M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,632.2+0.110%—$98.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,611.6+0.086%$131.7M$5.71B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,601.7+0.075%$191.6M$937.0M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,601.8+0.075%$15.1M—200xas long as short
BloFin BTC-USDT+0.0182%8h86,570+0.038%$414.5M$651.5M150xas long as short
Kalshi KXBTCPERP+0.0194%8h86,624+0.101%$9.7M$728.0M6.4xas long as short