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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+0.0094%/8h= +10.3% APRpaid last 24h +0.012%
Price spread now: StandX against KuCoin+0.132%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Long on KuCoinShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.081%+$8 on $10k
Price spread, last 7 days−0.151%−$15 · spread now +0.132%, 7d avg −0.004%
Together, before fees−0.070%+ Points / potential airdropStandX: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and StandX is 0.136% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XBTUSDTM86,603.60.0006pay 0.0006% / 8h2h 09m$850.9M$708.3M125x
ShortStandX BTC-USD86,717.60.0100get 0.0013% / 1h9m 17s$30.8M$203.7M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$19.74
Price spread: +0.132% → −0.004%
$13.56
Slippage, 4 orders
−$2.4
Fee KuCoin: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
$10.91
Costs to cover
0.224%
Break-even
3.1 days
Slippage from KuCoin: live order book, 10 min ago; StandX: live order book, 5 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, 10 min ago0.01 bp6.0 bp −$66.2 bp −$627.3 bp −$729doesn't fit
Sell StandX live order book, 5 min ago0.87 bp5.4 bp −$56.5 bp −$657.7 bp −$7739.3 bp −$4,659

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−0.0249%1h86,701.3+0.113%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,643.1+0.046%$427K$24.6M6.7xas long as short
Phoenix BTC−0.0103%1h86,670+0.077%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,672+0.079%$9K$3K50xas long as short
dYdX BTC-USD−0.0064%1h86,646.1+0.049%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,641.7+0.044%$361K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,652.8+0.057%$928.0M$1.47B50xas long as short
Aster BTCUSDT+0.0002%8h86,600−0.004%$505.6M$1.16B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,638.9+0.041%$36.8M—200xas long as short
KuCoin XBTUSDTMlong+0.0006%8h86,603.6long leg$850.9M$708.3M125x
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0022%1h86,610.5+0.008%$6.7M$144.5M40xas long as short
BingX BTC-USDT+0.0029%8h86,611.5+0.009%—$1.59B—as long as short
Phemex BTCUSDT+0.0030%8h86,618.5+0.017%$150.0M$471.8M150xas long as short
Bitget BTCUSDT+0.0036%8h86,610.4+0.008%$2.96B$5.09B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,770+0.192%$316K$26.8M52xas long as short
Aevo BTC-PERP+0.0056%1h86,620.2+0.019%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0059%8h86,613.9+0.012%$5.20B$5.72B500xas long as short
Binance BTCUSDT+0.0059%8h86,612+0.010%$9.43B$24.37B150xas long as short
RISEx BTC/USDC+0.0063%1h86,634.2+0.035%$9.3M$41.9M25xas long as short
Gate BTC_USDT+0.0081%8h86,605.7+0.002%$5.85B$10.70B200xas long as short
Bybit BTCUSDT+0.0084%8h86,611.4+0.009%$5.26B$9.73B150xas long as short
OKX BTC-USDT-SWAP+0.0093%8h86,627.1+0.027%$2.55B$12.73B100xas long as short
Lighter BTC+0.0096%1h86,626.3+0.026%$171.7M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,640.9+0.043%$24.1M$154.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,613+0.011%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,609+0.006%$202K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,671.6+0.078%$4.8M$8.3M50xas long as short
Nado BTC-PERP+0.0100%1h86,606.6+0.003%$21.6M$235.1M50xas long as short
Hyperliquid BTC+0.0100%1h86,689.6+0.099%$3.81B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,650.8+0.054%$40.9M$498.0M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,612+0.010%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,687.3+0.097%$7.4M$94.9M40xas long as short
Bulk BTC-USD+0.0100%1h86,682.4+0.091%$572.6M$21.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,623.9+0.023%$38.2M$149.8M75xas long as short
Variational Omni BTC+0.0100%8h86,672.4+0.079%$160.1M$567.0M—as long as short
edgeX BTCUSDC+0.0100%4h86,681.2+0.090%$280.0M$941.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,681.4+0.090%$217.5M$186.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,695.9+0.107%$141.5M$322.8M100xas long as short
StandX BTC-USDshort+0.0100%1h86,717.6+0.132%$30.8M$203.7M40x
Vest BTC-PERP+0.0100%1h86,678.8+0.087%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,616+0.014%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,612+0.010%$196K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,640.9+0.043%$2.4M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,644.3+0.047%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,622.7+0.022%$30.0M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,675.1+0.083%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,619+0.018%$60.5M$336.7M40xas long as short
HTX BTC-USDT+0.0100%8h86,616.5+0.015%$2.30B$960.3M200xas long as short
Extended BTC-USD+0.0104%1h86,612.8+0.011%$46.4M$226.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,653.3+0.057%—$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,649.9+0.053%$187.4M$934.3M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,664.6+0.070%$131.7M$5.83B50xas long as short
Kalshi KXBTCPERP+0.0167%8h86,697+0.108%$9.5M$727.7M6.4xas long as short
BloFin BTC-USDT+0.0179%8h86,619.9+0.019%$416.5M$655.5M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,635.1+0.036%$15.0M—200xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,702.6+0.114%$779K$7.9M30xas long as short