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

BTC

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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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Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.76 per $10,000 · paid last 24h −0.007%
Price spread now: Gate against KuCoin−0.004%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Long on KuCoinShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 7 days+0.003%$0 · spread now −0.004%, 7d avg −0.001%
Together, before fees+0.006%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XBTUSDTM86,605.30.0001pay 0.0001% / 8h1h 37m$851.8M$707.5M125x
ShortGate BTC_USDT86,6020.0077get 0.0077% / 8h1h 37m$5.86B$10.65B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$15.96
Price spread: −0.004% → −0.001%
−$0.25
Slippage, 4 orders
−$0.11
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$11.4
Costs to cover
0.271%
Break-even
12.0 days
Slippage from KuCoin: live order book, 6 min ago; Gate: live order book, 1 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, 6 min ago0.01 bp6.0 bp −$66.8 bp −$687.9 bp −$789doesn't fit
Sell Gate live order book, 1 min ago0.01 bp7.5 bp −$87.5 bp −$758.6 bp −$85710.8 bp −$5,393

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−0.0809%1h86,685.1+0.092%$141K$618K40xas long as short
Aftermath Perps BTCUSD−0.0161%1h86,650.9+0.053%$83K$206K20xas long as short
Phoenix BTC−0.0159%1h86,688+0.095%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,615+0.011%$9K$3K50xas long as short
dYdX BTC-USD−0.0011%1h86,628.7+0.027%$17.5M$20.3M50xas long as short
01 Exchange BTCUSD−0.0008%1h86,659.3+0.062%$359K$2.4M50xas long as short
Aster BTCUSDT−0.0007%8h86,606.5+0.001%$505.4M$1.15B200xas long as short
Perpl BTC0.0000%43m86,655+0.057%$419K$23.9M6.7xas long as short
KuCoin XBTUSDTMlong+0.0001%8h86,605.3long leg$851.8M$707.5M125x
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,682.4+0.089%$36.9M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0006%1h86,639.3+0.039%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,651.6+0.053%$6.7M$144.8M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559−0.053%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0026%8h86,646.7+0.048%$150.3M$473.6M150xas long as short
Deribit BTC-PERPETUAL+0.0030%1h86,675.4+0.081%$925.3M$1.47B50xas long as short
Hibachi BTC/USDT-P+0.0032%1h86,713.3+0.125%$733K$8.2M30xas long as short
BingX BTC-USDT+0.0034%8h86,609.5+0.005%—$1.59B—as long as short
Bitget BTCUSDT+0.0042%8h86,602.9−0.003%$2.96B$5.07B150xas long as short
MEXC BTC_USDT+0.0061%8h86,612.5+0.008%$5.19B$5.64B500xas long as short
Binance BTCUSDT+0.0061%8h86,605.70.000%$9.43B$24.31B150xas long as short
Aevo BTC-PERP+0.0064%1h86,631.1+0.030%$2.4M$1.3M20xas long as short
Gate BTC_USDTshort+0.0077%8h86,602−0.004%$5.86B$10.65B200x
Bybit BTCUSDT+0.0090%8h86,6050.000%$5.27B$9.69B150xas long as short
Lighter BTC+0.0096%1h86,642+0.042%$172.3M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,642+0.042%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,654+0.056%$8.5M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,617+0.014%$204K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,659.7+0.063%$4.8M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,637+0.037%$21.8M$233.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,681+0.087%$3.81B$5.08B40xas long as short
Pacifica BTC+0.0100%1h86,650+0.052%$41.1M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,607.5+0.003%$2.55B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,623+0.020%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,701.3+0.111%$7.4M$93.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.113%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,626+0.024%$38.5M$153.2M75xas long as short
Variational Omni BTC+0.0100%8h86,696.3+0.105%$156.8M$565.9M—as long as short
edgeX BTCUSDC+0.0100%4h86,683.8+0.091%$280.1M$943.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,681.9+0.088%$217.5M$175.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,693.4+0.102%$141.7M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,679.7+0.086%$30.8M$203.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,700.9+0.110%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,661+0.064%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,666.6+0.071%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,664.9+0.069%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,636.5+0.036%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,628.3+0.027%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,636+0.035%$60.5M$337.0M40xas long as short
HTX BTC-USDT+0.0100%8h86,654.4+0.057%$2.30B$964.1M200xas long as short
Extended BTC-USD+0.0104%1h86,590−0.018%$46.3M$225.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,662.4+0.066%—$98.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,680.7+0.087%$131.8M$5.72B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,671.8+0.077%$191.8M$937.0M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,678.6+0.085%$15.1M—200xas long as short
BloFin BTC-USDT+0.0181%8h86,634.4+0.034%$415.3M$652.1M150xas long as short
Kalshi KXBTCPERP+0.0194%8h86,663+0.067%$9.7M$727.7M6.4xas long as short