BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.008%

Price spread now: Bitget against OKX+0.007%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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 OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.007%, 7d avg −0.002%

Together, before fees−0.028%−$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: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BTC-USDT-SWAP	86,762.9	0.0054	pay 0.0054% / 8h	2h 56m	$2.59B	$12.72B	100x
Short	Bitget BTCUSDT	86,769.2	0.0025	get 0.0025% / 8h	2h 56m	$2.96B	$5.08B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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

Position, each leg$Hold fordaysFee OKXbpFee BitgetbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$6.19
Price spread: +0.007% → −0.002%: $0.93
Slippage, 4 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.28
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.6 bp −$562	7.7 bp −$3,860
Sell Bitget live order book, 3 min ago	0.01 bp	6.0 bp −$6	6.4 bp −$64	7.3 bp −$731	8.5 bp −$4,268

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl BTC	−0.0335%	43m	86,779.2	+0.019%	$418K	$25.5M	6.7x	as long as short
Aftermath Perps BTCUSD	−0.0183%	1h	86,880	+0.135%	$85K	$188K	20x	as long as short
Phoenix BTC	−0.0123%	1h	86,795	+0.037%	$2.2M	$12.4M	40x	as long as short
dYdX BTC-USD	−0.0082%	1h	86,803.4	+0.047%	$18.1M	$19.9M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,790	+0.031%	$9K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0001%	8h	86,713	−0.057%	$838.3M	$708.9M	125x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,750	−0.015%	$364K	$2.5M	50x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	86,792	+0.034%	$8.9M	$725.1M	6.4x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,808.4	+0.052%	$922.9M	$1.38B	50x	as long as short
Bluefin BTC-PERP	+0.0001%	1h	86,732.3	−0.035%	$160K	$575K	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0005%	1h	86,767	+0.005%	$36.7M	—	200x	as long as short
Phemex BTCUSDT	+0.0013%	8h	86,748.5	−0.017%	$149.3M	$468.5M	150x	as long as short
Aster BTCUSDT	+0.0017%	8h	86,729.8	−0.038%	$506.4M	$1.17B	200x	as long as short
BingX BTC-USDC	+0.0018%	8h	86,739.2	−0.027%	—	$15.3M	—	as long as short
Reya BTCRUSDPERP	+0.0021%	1h	86,738.2	−0.028%	$6.7M	$143.7M	40x	as long as short
Bitget BTCUSDTshort	+0.0025%	8h	86,769.2	+0.007%	$2.96B	$5.08B	150x
MEXC BTC_USDT	+0.0046%	8h	86,735	−0.032%	$5.21B	$5.60B	500x	as long as short
Binance BTCUSDT	+0.0046%	8h	86,742.2	−0.024%	$9.46B	$24.38B	150x	as long as short
ApeX Omni BTCUSDT	+0.0047%	1h	86,939.6	+0.204%	$142.3M	$322.7M	100x	as long as short
Aevo BTC-PERP	+0.0048%	1h	86,758.6	−0.005%	$2.4M	$1.3M	20x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,984	+0.255%	$316K	$26.8M	52x	as long as short
OKX BTC-USDT-SWAPlong	+0.0054%	8h	86,762.9	long leg	$2.59B	$12.72B	100x
RISEx BTC/USDC	+0.0063%	1h	86,742	−0.024%	$9.3M	$41.9M	25x	as long as short
Gate BTC_USDT	+0.0063%	8h	86,747.8	−0.017%	$5.86B	$10.52B	200x	as long as short
SoDEX BTC-USD	+0.0068%	1h	86,755	−0.009%	$60.6M	$336.4M	40x	as long as short
Bybit BTCUSDT	+0.0078%	8h	86,748.7	−0.016%	$5.30B	$9.71B	150x	as long as short
Popdex BTCUSDT	+0.0080%	1h	86,725	−0.044%	$8.5M	$52.1M	100x	as long as short
Variational Omni BTC	+0.0087%	8h	87,051.5	+0.333%	$161.3M	$562.4M	—	as long as short
Lighter BTC	+0.0096%	1h	86,766.9	+0.005%	$172.6M	$1.00B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,773.6	+0.012%	$24.2M	$152.4M	50x	as long as short
GRVT BTC_USDT_Perp	+0.0096%	8h	86,931.5	+0.194%	$218.3M	$190.1M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0097%	8h	86,769.3	+0.007%	$2.5M	$8.4M	100x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,798.5	+0.041%	$4.8M	$8.2M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,723	−0.046%	$195K	$6.8M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,783.4	+0.024%	$23.2M	$237.2M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,808	+0.052%	$3.86B	$5.14B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,807.9	+0.052%	$41.6M	$484.5M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,732	−0.036%	$3.9M	$18.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,802.5	+0.046%	$7.6M	$95.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,919.5	+0.180%	$573.8M	$23.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,833.9	+0.082%	$38.4M	$148.3M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,943.1	+0.208%	$280.8M	$943.5M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,839	+0.088%	$30.9M	$205.4M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,817.1	+0.062%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,738	−0.029%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,742.2	−0.024%	$202K	$3.4M	20x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,764.9	+0.002%	$30.1M	$61.5M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,769	+0.007%	$3.4M	$5.6M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,746.1	−0.019%	$2.31B	$954.6M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,763.4	+0.001%	$46.2M	$228.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,814.8	+0.060%	—	$98.0M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0116%	1h	86,792.2	+0.034%	$193.1M	$926.5M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,808.8	+0.053%	$132.2M	$5.94B	50x	as long as short
BloFin BTC-USDT	+0.0167%	8h	86,809.9	+0.054%	$420.2M	$643.1M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0181% / S −0.0200%	1h	86,765.6	+0.003%	$15.4M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	86,877.5	+0.132%	$753K	$7.0M	30x	as long as short