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Funding arb · Price arb /

BTC

all BTC markets
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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 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: Variational Omni against HTX0.000%57s7-day average +0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on HTXShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.037%+$4 on $10k
Price spread, last 3 days (all we have)+0.007%+$1 · spread now 0.000%, 7d avg +0.002%
Together, before fees+0.044%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,385.80.0100pay 0.0100% / 8h7h 43m$2.29B$964.6M200x
ShortVariational Omni BTC86,385.80.0100get 0.0100% / 8h7h 43m$158.2M$567.4M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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
Price spread: 0.000% → +0.002%
−$0.25
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$12.25
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. 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 HTX live order book, 1 min ago0.01 bp6.0 bp −$66.0 bp −$607.9 bp −$78610.6 bp −$5,280
Sell Variational Omni RFQ quote, 1 min ago0.51 bpdoesn't fit0.5 bp −$55.0 bp −$503doesn'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
Phoenix BTC−0.0129%1h86,400+0.016%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,457+0.082%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,465.7+0.092%$361K$2.4M50xas long as short
Phemex BTCUSDT−0.0016%8h86,393.2+0.009%$153.7M$477.9M150xas long as short
Perpl BTC0.0000%43m86,481.5+0.111%$458K$21.9M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,421.3+0.041%$902.7M$1.51B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,482.3+0.112%$37.0M—200xas long as short
Aster BTCUSDT+0.0020%8h86,460.4+0.086%$501.4M$1.14B200xas long as short
dYdX BTC-USD+0.0021%1h86,468.3+0.095%$16.9M$20.6M50xas long as short
Injective BTC/USDC PERP+0.0023%1h86,616+0.266%$333K$26.9M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XBTUSDTM+0.0034%8h86,463.9+0.090%$829.8M$722.8M125xas long as short
Reya BTCRUSDPERP+0.0042%1h86,464.3+0.091%$6.7M$145.7M40xas long as short
BingX BTC-USDT+0.0048%8h86,468.2+0.095%—$1.58B—as long as short
RISEx BTC/USDC+0.0052%1h86,471.3+0.099%$8.3M$42.6M25xas long as short
Bitget BTCUSDT+0.0062%8h86,461.7+0.088%$2.97B$5.07B150xas long as short
MEXC BTC_USDT+0.0078%8h86,463+0.089%$5.13B$5.67B500xas long as short
Binance BTCUSDT+0.0079%8h86,466.1+0.093%$9.41B$24.42B150xas long as short
Aevo BTC-PERP+0.0080%1h86,458+0.084%$2.5M$1.6M20xas long as short
Lighter BTC+0.0096%1h86,474+0.102%$170.3M$982.9M50xas long as short
Lighter RH BTC+0.0096%1h86,474.9+0.103%$23.7M$148.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,464+0.091%$8.4M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,432+0.053%$202K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,506+0.139%$4.7M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,465.6+0.092%$21.9M$230.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,534+0.172%$3.80B$5.05B40xas long as short
Pacifica BTC+0.0100%1h86,484+0.114%$40.8M$546.1M50xas long as short
Bybit BTCUSDT+0.0100%8h86,469.2+0.097%$5.27B$9.71B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,476.9+0.105%$2.57B$12.59B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,459+0.085%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h86,487.4+0.118%$7.3M$95.7M40xas long as short
Gate BTC_USDT+0.0100%8h86,467.6+0.095%$5.83B$10.51B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,385.3−0.001%$37.4M$156.2M75xas long as short
Variational Omni BTCshort+0.0100%8h86,385.80.000%$158.2M$567.4M—
edgeX BTCUSDC+0.0100%4h86,391.4+0.006%$279.0M$951.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,413.6+0.032%$217.1M$167.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,422.4+0.042%$141.5M$322.2M100xas long as short
StandX BTC-USD+0.0100%1h86,413.4+0.032%$30.7M$208.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,495.6+0.127%—$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,465+0.092%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,466.6+0.094%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,466.5+0.093%$2.5M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,497.3+0.129%$144K$667K40xas long as short
Derive BTC-PERP+0.0100%1h86,425.3+0.046%$30.5M$62.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,392+0.007%$3.4M$5.2M100xas long as short
SoDEX BTC-USD+0.0100%1h86,388+0.003%$60.5M$338.2M40xas long as short
HTX BTC-USDTlong+0.0100%8h86,385.8long leg$2.29B$964.6M200x
Bulk BTC-USD+0.0100%1h86,336.3−0.057%$571.6M$13.0M40xas long as short
Extended BTC-USD+0.0104%1h86,424.8+0.045%$45.9M$222.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,461.9+0.088%—$99.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,427.9+0.049%$132.3M$5.50B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,416.6+0.036%$192.2M$945.4M100xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,439.1+0.062%$712K$8.0M30xas long as short
Aftermath Perps BTCUSD+0.0164%1h86,432+0.053%$78K$217K20xas long as short
BloFin BTC-USDT+0.0198%8h86,392.5+0.008%$414.9M$650.5M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0216%1h86,478.9+0.108%$14.5M—200xas long as short
Kalshi KXBTCPERP+0.0211%8h86,460+0.086%$9.7M$761.4M6.4xas long as short