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+0.0085%/8h= +9.4% APRnext payment +$0.85 per $10,000 · paid last 24h +0.005%
Price spread now: OKX against KuCoin+0.014%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Long on KuCoinShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.047%+$5 on $10k
Price spread, last 7 days−0.020%−$2 · spread now +0.014%, 7d avg +0.002%
Together, before fees+0.027%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XBTUSDTM86,668.10.0006pay 0.0006% / 8h2h 10m$851.5M$708.3M125x
ShortOKX BTC-USDT-SWAP86,679.90.0091get 0.0091% / 8h2h 10m$2.56B$12.74B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$17.94
Price spread: +0.014% → +0.002%
$1.19
Slippage, 4 orders
−$0.02
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$2.9
Costs to cover
0.220%
Break-even
8.1 days
Slippage from KuCoin: live order book, 8 min ago; OKX: live order book, 3 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, 8 min ago0.01 bp6.0 bp −$66.2 bp −$627.3 bp −$729doesn't fit
Sell OKX live order book, 3 min ago0.01 bp5.0 bp −$55.0 bp −$505.3 bp −$5346.2 bp −$3,102

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
Aftermath Perps BTCUSD−0.0246%1h86,727+0.068%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,703.5+0.041%$425K$24.6M6.7xas long as short
Phoenix BTC−0.0103%1h86,676+0.009%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,680+0.014%$9K$3K50xas long as short
dYdX BTC-USD−0.0062%1h86,692.6+0.028%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,704.4+0.042%$362K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,705.7+0.043%$928.0M$1.47B50xas long as short
Aster BTCUSDT+0.0004%8h86,661.5−0.008%$506.0M$1.16B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,702+0.039%$36.9M—200xas long as short
KuCoin XBTUSDTMlong+0.0006%8h86,668.1long leg$851.5M$708.3M125x
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0022%1h86,678.2+0.012%$6.7M$144.4M40xas long as short
Phemex BTCUSDT+0.0029%8h86,679.3+0.013%$150.1M$472.0M150xas long as short
BingX BTC-USDT+0.0029%8h86,672.7+0.005%—$1.59B—as long as short
Bitget BTCUSDT+0.0036%8h86,669.8+0.002%$2.96B$5.09B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,770+0.118%$316K$26.8M52xas long as short
Binance BTCUSDT+0.0060%8h86,670.6+0.003%$9.43B$24.37B150xas long as short
MEXC BTC_USDT+0.0060%8h86,672.3+0.005%$5.20B$5.71B500xas long as short
RISEx BTC/USDC+0.0063%1h86,700+0.037%$9.3M$41.9M25xas long as short
Aevo BTC-PERP+0.0064%1h86,672+0.005%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0082%8h86,669.8+0.002%$5.85B$10.69B200xas long as short
Bybit BTCUSDT+0.0084%8h86,672.3+0.005%$5.28B$9.72B150xas long as short
OKX BTC-USDT-SWAPshort+0.0091%8h86,679.9+0.014%$2.56B$12.74B100x
Lighter BTC+0.0096%1h86,682.8+0.017%$171.9M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,690.8+0.026%$24.1M$154.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,683+0.017%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,672+0.005%$201K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,739+0.082%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,681.2+0.015%$21.7M$235.3M50xas long as short
Hyperliquid BTC+0.0100%1h86,748+0.092%$3.82B$5.12B40xas long as short
Pacifica BTC+0.0100%1h86,719.3+0.059%$41.0M$494.9M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,680+0.014%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,754.2+0.099%$7.4M$94.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,682.4+0.016%$572.6M$21.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,676.4+0.010%$38.2M$149.8M75xas long as short
Variational Omni BTC+0.0100%8h86,796.1+0.148%$159.7M$566.8M—as long as short
edgeX BTCUSDC+0.0100%4h86,761.4+0.108%$280.3M$953.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,716+0.055%$217.6M$186.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,754.9+0.100%$141.6M$322.7M100xas long as short
StandX BTC-USD+0.0100%1h86,730.5+0.072%$30.8M$203.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,740.2+0.083%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,679+0.013%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,682.3+0.016%$196K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,688.3+0.023%$2.4M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,700.7+0.038%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,696.2+0.032%$30.0M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,686.9+0.022%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,671+0.003%$60.6M$336.6M40xas long as short
HTX BTC-USDT+0.0100%8h86,670.8+0.003%$2.30B$959.6M200xas long as short
Extended BTC-USD+0.0104%1h86,657.6−0.012%$46.4M$226.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,710.9+0.049%—$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,701.4+0.038%$187.9M$934.0M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,719.2+0.059%$131.9M$5.84B50xas long as short
Kalshi KXBTCPERP+0.0167%8h86,710+0.048%$9.6M$727.7M6.4xas long as short
BloFin BTC-USDT+0.0180%8h86,682.4+0.017%$416.7M$655.5M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,697.7+0.034%$15.0M—200xas long as short
Hibachi BTC/USDT-P+0.0192%1h86,711.1+0.050%$780K$7.8M30xas long as short