Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.006%
Price spread now: Arcus against KuCoin+0.060%7-day average +0.033% · 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−$15as in the Price arb table
costs, in and out, $10k−$170.175% of the position
Funding, last 4 days (all we have)+0.046%+$5 on $10k
+Price spread, last 7 days−0.045%−$5 · spread now +0.060%, 7d avg +0.033%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.027% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XBTUSDTM | 85,419.8 | −0.0003 | get 0.0003% / 8h | 4h 46m | $916.8M | $749.5M | 125x |
| Short | Arcus BTC-USD | 85,471.3 | 0.0021 | get 0.0003% / 1h | 46m 47s | $6.9M | $97.2M | 40x |
KuCoin XBTUSDTM
Arcus BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.01
- Price spread: +0.060% → +0.033%
- $2.72
- Slippage, 4 orders
- −$0.97
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$9.75
- Costs to cover
- 0.175%
- Break-even
- 20.6 days
Slippage from KuCoin: live order book, 2 min ago; Arcus: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 2 min ago | 0.01 bp | 6.0 bp −$6 | 7.1 bp −$71 | 8.1 bp −$810 | doesn't fit |
| Sell Arcus live order book, 2 min ago | 0.01 bp | 3.2 bp −$3 | 3.4 bp −$34 | 6.0 bp −$601 | doesn't fit |
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1041% | 1h | 85,488.9 | +0.081% | $194K | $725K | 40x | as long as short |
| Phoenix BTC | −0.0179% | 1h | 85,568 | +0.173% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,527 | +0.125% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,525.9 | +0.124% | $368K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0031% | 8h | 85,469.1 | +0.058% | $417.7M | $665.3M | 150x | as long as short |
| KuCoin XBTUSDTMlong | −0.0003% | 8h | 85,419.8 | long leg | $916.8M | $749.5M | 125x | |
| dYdX BTC-USD | 0.0000% | 1h | 85,499.7 | +0.093% | $16.7M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,502.2 | +0.096% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 85,471.4 | +0.060% | $515.1M | $1.10B | 200x | as long as short |
| Arcus BTC-USDshort | +0.0021% | 1h | 85,471.3 | +0.060% | $6.9M | $97.2M | 40x |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0053% | 1h | 85,547.1 | +0.149% | $22.6M | $218.9M | 50x | as long as short |
| BingX BTC-USDC | +0.0058% | 8h | 85,473.2 | +0.063% | — | $17.1M | — | as long as short |
| Bitget BTCUSDT | +0.0075% | 8h | 85,486.4 | +0.078% | $2.96B | $5.02B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0078% | 1h | 85,511.9 | +0.108% | $6.7M | $146.6M | 40x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,463 | +0.051% | $2.4M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0088% | 8h | 85,498.1 | +0.092% | $9.33B | $24.01B | 150x | as long as short |
| MEXC BTC_USDT | +0.0089% | 8h | 85,499.1 | +0.093% | $5.04B | $5.58B | 500x | as long as short |
| SoDEX BTC-USD | +0.0095% | 1h | 85,451 | +0.037% | $59.9M | $336.1M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,477 | +0.067% | $173.6M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,514.3 | +0.111% | $23.8M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,569 | +0.175% | $8.4M | $52.6M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,555 | +0.158% | $4.1M | $8.5M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,466 | +0.054% | $233K | $7.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,501 | +0.095% | $3.74B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,525.3 | +0.123% | $40.0M | $575.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,498.3 | +0.092% | $5.26B | $9.66B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,509 | +0.104% | $2.57B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,486 | +0.077% | $3.9M | $18.0M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,696.6 | +0.324% | $648.3M | $574.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,497.1 | +0.090% | $5.53B | $10.56B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,455.4 | +0.042% | $35.8M | $175.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,584.4 | +0.193% | $156.6M | $560.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,552.4 | +0.155% | $279.4M | $918.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,550.2 | +0.153% | $214.8M | $166.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,565.9 | +0.171% | $139.9M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,576.1 | +0.183% | $30.2M | $207.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,571 | +0.177% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,535 | +0.135% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,520 | +0.117% | $194K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,454.6 | +0.041% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,457.3 | +0.044% | $29.9M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,500.6 | +0.095% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,441.2 | +0.025% | $2.26B | $939.8M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,467 | +0.055% | $151.0M | $483.1M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,466 | +0.054% | $44.5M | $226.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,541.2 | +0.142% | — | $106.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,482.5 | +0.073% | $117.4M | $5.15B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,617 | +0.231% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,466.3 | +0.054% | $188.8M | $953.1M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0172% | 1h | 85,497.6 | +0.091% | $893.4M | $1.53B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,518.9 | +0.116% | $13.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,567.8 | +0.173% | $694K | $7.9M | 30x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,510.7 | +0.106% | $8.3M | $42.4M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0204% | 1h | 85,612.2 | +0.225% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,553 | +0.156% | $10.4M | $758.9M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,532.7 | +0.132% | $502K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
RISEx BTC/USDC
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC