Settings8H · net · $10k
Funding arb · Price arb /

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.44 per $10,000 · paid last 24h +0.011%
Price spread now: Bitget against KuCoin−0.006%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$240.240% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 7 days+0.001%$0 · spread now −0.006%, 7d avg 0.000%
Together, before fees+0.027%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XBTUSDTM86,183.10.0052pay 0.0052% / 8h5h 57m$943.4M$638.1M125x
ShortBitget BTCUSDT86,178.30.0096get 0.0096% / 8h5h 57m$2.99B$4.00B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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
$9.24
Price spread: −0.006% → 0.000%
−$0.55
Slippage, 4 orders
−$0.03
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$15.34
Costs to cover
0.240%
Break-even
18.6 days
Slippage from KuCoin: live order book, 4 min ago; Bitget: 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 KuCoin live order book, 4 min ago0.01 bp6.0 bp −$67.2 bp −$728.8 bp −$885doesn't fit
Sell Bitget live order book, 4 min ago0.01 bp6.0 bp −$66.0 bp −$606.9 bp −$687doesn't fit

BTC on 55 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff BTC-PERP−0.0080%1h86,197+0.016%$8K$2K50xas long as short
SoDEX BTC-USD−0.0040%1h86,1830.000%$65.8M$188.0M40xas long as short
01 Exchange BTCUSD−0.0032%1h86,188.2+0.006%$363K$2.0M50xas long as short
BloFin BTC-USDT−0.0020%8h86,167.3−0.018%$421.9M$567.7M150xas long as short
ApeX Omni BTCUSDT−0.0012%1h86,140.2−0.050%$138.1M$295.2M100xas long as short
dYdX BTC-USD0.0000%1h86,211.4+0.033%$16.9M$14.5M50xas long as short
Perpl BTC0.0000%43m86,228.2+0.052%$483K$13.8M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,199.1+0.019%$36.8M200xas long as short
Injective BTC/USDC PERP+0.0009%1h86,214+0.036%$301K$26.1M52xas long as short
BingX BTC-USDT+0.0029%8h86,174.6−0.010%$1.34Bas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XBTUSD+0.0029%1h86,190.8+0.009%$191.5M$775.8M100xas long as short
Aster BTCUSDT+0.0032%8h86,171.9−0.013%$513.5M$881.9M200xas long as short
Bybit BTCUSDT+0.0037%8h86,184.9+0.002%$5.15B$8.18B150xas long as short
KuCoin XBTUSDTMlong+0.0052%8h86,183.1long leg$943.4M$638.1M125x
Phoenix BTC+0.0053%1h86,176−0.008%$2.0M$7.3M40xas long as short
Gate BTC_USDT+0.0072%8h86,182.5−0.001%$5.52B$8.86B200xas long as short
Phemex BTCUSDT+0.0078%8h86,174.8−0.010%$170.7M$480.4M150xas long as short
Popdex BTCUSDT+0.0080%1h86,181−0.002%$8.8M$45.7M100xas long as short
Lighter BTC+0.0096%1h86,191+0.009%$173.8M$850.4M50xas long as short
Lighter RH BTC+0.0096%1h86,190+0.008%$23.6M$118.4M50xas long as short
Bitget BTCUSDTshort+0.0096%8h86,178.3−0.006%$2.99B$4.00B150x
Aevo BTC-PERP+0.0096%1h86,167.9−0.018%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h86,164−0.022%$219K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,239.8+0.066%$6.0M$7.8M50xas long as short
Nado BTC-PERP+0.0100%1h86,214.3+0.036%$23.4M$197.4M50xas long as short
Pacifica BTC+0.0100%1h86,237+0.063%$40.5M$570.0M50xas long as short
Binance BTCUSDT+0.0100%8h86,173.4−0.011%$9.46B$20.78B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,185.3+0.003%$2.62B$9.56B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,168−0.018%$4.0M$15.2M25xas long as short
Arcus BTC-USD+0.0100%1h86,216+0.038%$4.2M$90.5M40xas long as short
Bulk BTC-USD+0.0100%1h86,033.4−0.174%$714.5M$139.4M40xas long as short
MEXC BTC_USDT+0.0100%8h86,170.8−0.014%$5.18B$4.81B500xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,172.1−0.013%$38.7M$195.4M75xas long as short
Variational Omni BTC+0.0100%8h86,112.6−0.082%$157.8M$476.8Mas long as short
edgeX BTCUSDC+0.0100%4h86,094.9−0.102%$289.8M$841.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,135.4−0.055%$216.3M$132.2M50xas long as short
StandX BTC-USD+0.0100%1h86,183.8+0.001%$30.3M$222.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,241.2+0.067%$9.3M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,192+0.010%$11.1M$12.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,189.9+0.008%$206K$3.2M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,183.6+0.001%$2.7M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,234.9+0.060%$195K$565K40xas long as short
SunX BTC-USDT+0.0100%8h86,230+0.054%$3.3M$6.7M100xas long as short
HTX BTC-USDT+0.0100%8h86,177.4−0.007%$2.28B$806.4M200xas long as short
Extended BTC-USD+0.0104%1h86,149.9−0.039%$47.0M$204.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h86,196.3+0.015%$81.6M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,226.9+0.051%$112.4M$4.99B50xas long as short
Hyperliquid BTC+0.0156%1h86,278.5+0.111%$3.97B$4.41B40xas long as short
Kalshi KXBTCPERP+0.0161%8h86,219+0.042%$11.8M$731.7M6.4xas long as short
Reya BTCRUSDPERP+0.0162%1h86,161.9−0.025%$6.6M$131.2M40xas long as short
RISEx BTC/USDC+0.0187%1h86,207.6+0.028%$8.9M$37.4M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0209% / S −0.0248%1h86,194.1+0.013%$15.6M200xas long as short
Deribit BTC-PERPETUAL+0.0210%1h86,240.3+0.066%$822.6M$1.52B50xas long as short
Hibachi BTC/USDT-P+0.0344%1h86,243.5+0.070%$718K$7.0M30xas long as short
Aftermath Perps BTCUSD+0.0437%1h86,197+0.016%$82K$244K20xas long as short