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+0.0018%/8h= +2.0% APRpaid last 24h +0.010%
Price spread now: Arcus against Gate+0.038%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−$21as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Long on GateShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.030%+$3 on $10k
Price spread, last 7 days−0.026%−$3 · spread now +0.038%, 7d avg +0.034%
Together, before fees+0.004%$0 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: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTC_USDT86,413.40.0082pay 0.0082% / 8h59m 59s$5.84B$10.79B200x
ShortArcus BTC-USD86,446.60.0100get 0.0013% / 1h59m 59s$7.6M$94.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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
$3.78
Price spread: +0.038% → +0.034%
$0.41
Slippage, 4 orders
−$1.68
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$16.99
Costs to cover
0.212%
Break-even
38.5 days
Slippage from Gate: live order book, 4 min ago; Arcus: live order book, 4 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 Gate live order book, 4 min ago0.01 bp7.5 bp −$87.5 bp −$759.2 bp −$92014.2 bp −$7,089
Sell Arcus live order book, 4 min ago0.01 bp2.3 bp −$22.4 bp −$243.9 bp −$387doesn't fit

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−0.0398%1h86,450.4+0.043%$140K$663K40xas long as short
Phoenix BTC−0.0159%1h86,366−0.055%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,380−0.039%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0016%1h86,428.8+0.018%$357K$2.5M50xas long as short
Aster BTCUSDT−0.0008%8h86,410.6−0.003%$503.1M$1.15B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,433.9+0.024%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,419.7+0.007%$8.4M$42.8M25xas long as short
KuCoin XBTUSDTM+0.0007%8h86,414.6+0.001%$849.8M$713.5M125xas long as short
dYdX BTC-USD+0.0011%1h86,400.8−0.015%$17.0M$21.1M50xas long as short
Deribit BTC-PERPETUAL+0.0020%1h86,448.2+0.040%$916.5M$1.49B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0024%1h86,408.1−0.006%$6.7M$145.1M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,403−0.012%$332K$26.8M52xas long as short
BingX BTC-USDC+0.0038%8h86,402.6−0.013%—$15.4M—as long as short
Phemex BTCUSDT+0.0042%8h86,413.40.000%$149.7M$477.6M150xas long as short
Bitget BTCUSDT+0.0049%8h86,415.8+0.003%$2.95B$5.11B150xas long as short
Aevo BTC-PERP+0.0064%1h86,409.4−0.005%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0066%8h86,418.9+0.006%$5.12B$5.73B500xas long as short
Binance BTCUSDT+0.0067%8h86,419.2+0.007%$9.42B$24.50B150xas long as short
Aftermath Perps BTCUSD+0.0076%1h86,393.4−0.023%$79K$220K20xas long as short
Gate BTC_USDTlong+0.0082%8h86,413.4long leg$5.84B$10.79B200x
Lighter BTC+0.0096%1h86,424.9+0.013%$170.4M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,434.6+0.024%$24.0M$153.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,418+0.005%$8.4M$52.4M100xas long as short
Bybit BTCUSDT+0.0098%8h86,419.9+0.007%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,399−0.017%$204K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,432.6+0.022%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,382.3−0.036%$21.8M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,485.6+0.084%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,422.2+0.010%$40.8M$517.9M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,422.4+0.010%$2.54B$12.71B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,414+0.001%$3.9M$18.6M25xas long as short
Arcus BTC-USDshort+0.0100%1h86,446.6+0.038%$7.6M$94.6M40x
Bulk BTC-USD+0.0100%1h86,382.9−0.035%$571.1M$18.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,410.4−0.004%$37.8M$154.7M75xas long as short
Variational Omni BTC+0.0100%8h86,337.9−0.087%$155.6M$568.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,361.4−0.060%$279.1M$946.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,351.2−0.072%$216.7M$173.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,372.8−0.047%$141.2M$323.4M100xas long as short
StandX BTC-USD+0.0100%1h86,341−0.084%$30.6M$204.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,452.4+0.045%—$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,4130.000%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,420.6+0.008%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,420.5+0.008%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h86,450.5+0.043%$30.6M$62.2M15xas long as short
SunX BTC-USDT+0.0100%8h86,409.5−0.005%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,417+0.004%$60.4M$337.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,403.6−0.011%$2.29B$969.1M200xas long as short
Extended BTC-USD+0.0104%1h86,398.5−0.017%$45.5M$226.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,428.2+0.017%—$99.0M500xas long as short
Perpl BTC+0.0112%43m86,390.8−0.026%$419K$23.5M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,454.9+0.048%$132.2M$5.68B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,441.9+0.033%$192.1M$947.6M100xas long as short
Hibachi BTC/USDT-P+0.0152%1h86,381.8−0.037%$718K$8.1M30xas long as short
BloFin BTC-USDT+0.0187%8h86,375−0.044%$414.5M$654.2M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0189% / S −0.0212%1h86,429+0.018%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0200%8h86,421+0.009%$9.6M$737.1M6.4xas long as short