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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h 0.000%
Price spread now: SoDEX against KuCoin+0.005%7-day average −0.003% · 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−$20as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on KuCoinShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.022%+$2 on $10k
Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.005%, 7d avg −0.003%
Together, before fees−0.017%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, 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 XBTUSDTM86,544.70.0005pay 0.0005% / 8h2h 03m$850.7M$709.5M125x
ShortSoDEX BTC-USD86,5490.0100get 0.0013% / 1h3m 32s$60.5M$336.7M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$19.95
Price spread: +0.005% → −0.003%
$0.75
Slippage, 4 orders
−$0.43
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$0.28
Costs to cover
0.204%
Break-even
6.9 days
Slippage from KuCoin: live order book, 6 min ago; SoDEX: 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 −$66.6 bp −$667.9 bp −$794doesn't fit
Sell SoDEX live order book, 1 min ago0.06 bp4.1 bp −$44.1 bp −$415.5 bp −$55344.3 bp −$22.2K

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−0.0255%1h86,618+0.085%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,582.2+0.043%$425K$24.5M6.7xas long as short
Phoenix BTC−0.0103%1h86,554+0.011%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,551+0.007%$9K$3K50xas long as short
dYdX BTC-USD−0.0066%1h86,591.4+0.054%$17.6M$20.6M50xas long as short
Aster BTCUSDT−0.0003%8h86,540.4−0.005%$505.3M$1.16B200xas long as short
01 Exchange BTCUSD0.0000%1h86,576.4+0.037%$360K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,586.7+0.048%$927.2M$1.47B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,581.1+0.042%$36.9M—200xas long as short
KuCoin XBTUSDTMlong+0.0005%8h86,544.7long leg$850.7M$709.5M125x
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0022%1h86,552.9+0.009%$6.7M$144.5M40xas long as short
BingX BTC-USDT+0.0029%8h86,558.4+0.016%—$1.59B—as long as short
Phemex BTCUSDT+0.0033%8h86,559.8+0.017%$149.5M$472.1M150xas long as short
Bitget BTCUSDT+0.0037%8h86,554.2+0.011%$2.95B$5.09B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,770+0.260%$316K$26.8M52xas long as short
Aevo BTC-PERP+0.0056%1h86,553+0.010%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0058%8h86,558+0.015%$5.19B$5.73B500xas long as short
Binance BTCUSDT+0.0058%8h86,558+0.015%$9.42B$24.37B150xas long as short
RISEx BTC/USDC+0.0063%1h86,585+0.047%$8.7M$43.1M25xas long as short
Gate BTC_USDT+0.0081%8h86,554.8+0.012%$5.84B$10.71B200xas long as short
Bybit BTCUSDT+0.0084%8h86,559.5+0.017%$5.27B$9.73B150xas long as short
Lighter BTC+0.0096%1h86,568.9+0.028%$172.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,575.5+0.036%$24.1M$154.3M50xas long as short
Popdex BTCUSDT+0.0096%1h86,558+0.015%$8.5M$52.3M100xas long as short
OKX BTC-USDT-SWAP+0.0097%8h86,557.1+0.014%$2.55B$12.72B100xas long as short
Katana Perps BTC-USD+0.0100%8h86,543−0.002%$201K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,606.6+0.072%$4.8M$8.3M50xas long as short
Nado BTC-PERP+0.0100%1h86,558.1+0.015%$21.7M$234.9M50xas long as short
Hyperliquid BTC+0.0100%1h86,626+0.094%$3.81B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,592.1+0.055%$40.9M$498.0M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,550+0.006%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,629.9+0.098%$7.4M$94.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,682.4+0.159%$572.6M$21.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,554.8+0.012%$38.5M$151.0M75xas long as short
Variational Omni BTC+0.0100%8h86,546.2+0.002%$159.9M$565.9M—as long as short
edgeX BTCUSDC+0.0100%4h86,557.7+0.015%$279.5M$942.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,562.1+0.020%$217.2M$185.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,565.5+0.024%$141.5M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,556+0.013%$30.7M$203.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,609.2+0.075%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,556+0.013%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,559+0.017%$191K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,564.2+0.023%$2.4M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,579.4+0.040%$140K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,557.6+0.015%$30.0M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,562.4+0.020%$3.4M$5.5M100xas long as short
SoDEX BTC-USDshort+0.0100%1h86,549+0.005%$60.5M$336.7M40x
HTX BTC-USDT+0.0100%8h86,553.2+0.010%$2.30B$960.3M200xas long as short
Extended BTC-USD+0.0104%1h86,548.5+0.004%$46.4M$226.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,584.8+0.046%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,584.8+0.046%$186.9M$934.7M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,598+0.062%$131.8M$5.82B50xas long as short
Kalshi KXBTCPERP+0.0172%8h86,597+0.060%$9.5M$727.4M6.4xas long as short
Hibachi BTC/USDT-P+0.0176%1h86,594.8+0.058%$780K$7.9M30xas long as short
BloFin BTC-USDT+0.0178%8h86,558.6+0.016%$416.4M$655.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,573+0.033%$15.0M—200xas long as short