Settings8H · net · $10k
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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+0.0077%/8h= +8.4% APRpaid last 24h +0.018%
Price spread now: StandX against Phemex−0.028%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Long on PhemexShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.079%+$8 on $10k
Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.028%, 7d avg −0.009%
Together, before fees+0.179%+ Points / potential airdropStandX: Active · farm board+$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BTCUSDT86,7540.0023pay 0.0023% / 8h2h 24m$150.3M$471.5M150x
ShortStandX BTC-USD86,729.70.0100get 0.0013% / 1h24m 35s$30.8M$205.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Phemex. 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
$16.11
Price spread: −0.028% → −0.009%
−$1.94
Slippage, 4 orders
−$3.41
Fee Phemex: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
−$9.24
Costs to cover
0.234%
Break-even
11.0 days
Slippage from Phemex: live order book, 5 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 Phemex live order book, 5 min ago0.01 bp6.3 bp −$67.4 bp −$749.0 bp −$903doesn't fit
Sell StandX live order book, 5 min ago0.81 bp4.9 bp −$55.6 bp −$566.9 bp −$6888.9 bp −$4,470

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−0.0236%1h86,676.1−0.090%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,781+0.031%$431K$24.8M6.7xas long as short
Phoenix BTC−0.0103%1h86,583−0.197%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,781+0.031%$9K$3K50xas long as short
dYdX BTC-USD−0.0071%1h86,784.5+0.035%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,822.9+0.079%$364K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,784.5+0.035%$935.1M$1.45B50xas long as short
KuCoin XBTUSDTM+0.0003%8h86,792.6+0.044%$849.4M$706.1M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,774.4+0.024%$36.9M—200xas long as short
Aster BTCUSDT+0.0009%8h86,784.7+0.035%$506.9M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,799.1+0.052%$6.8M$144.4M40xas long as short
Phemex BTCUSDTlong+0.0023%8h86,754long leg$150.3M$471.5M150x
BingX BTC-USDT+0.0025%8h86,791.7+0.043%—$1.60B—as long as short
Bitget BTCUSDT+0.0033%8h86,797.7+0.050%$2.96B$5.08B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639−0.133%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0056%8h86,792+0.044%$5.19B$5.69B500xas long as short
Aevo BTC-PERP+0.0056%1h86,752.4−0.002%$2.4M$1.3M20xas long as short
Binance BTCUSDT+0.0057%8h86,793.7+0.046%$9.45B$24.34B150xas long as short
RISEx BTC/USDC+0.0063%1h86,802.1+0.055%$9.2M$41.9M25xas long as short
Gate BTC_USDT+0.0080%8h86,793.6+0.046%$5.86B$10.65B200xas long as short
OKX BTC-USDT-SWAP+0.0080%8h86,790.6+0.042%$2.56B$12.74B100xas long as short
Bybit BTCUSDT+0.0084%8h86,784.2+0.035%$5.28B$9.69B150xas long as short
Lighter BTC+0.0096%1h86,806.9+0.061%$172.0M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,812.2+0.067%$24.0M$153.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,790+0.041%$8.5M$52.3M100xas long as short
Variational Omni BTC+0.0097%8h86,726.9−0.031%$159.3M$566.6M—as long as short
Katana Perps BTC-USD+0.0100%8h86,780+0.030%$201K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,838+0.097%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,799.9+0.053%$21.8M$235.6M50xas long as short
Hyperliquid BTC+0.0100%1h86,872+0.136%$3.83B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,822.1+0.079%$41.0M$492.6M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,791+0.043%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,861.5+0.124%$7.6M$94.5M40xas long as short
Bulk BTC-USD+0.0100%1h86,577.9−0.203%$571.8M$22.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,766.3+0.014%$38.2M$148.4M75xas long as short
edgeX BTCUSDC+0.0100%4h86,653.8−0.115%$280.0M$950.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,676.9−0.089%$217.6M$187.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,687.3−0.077%$141.5M$322.6M100xas long as short
StandX BTC-USDshort+0.0100%1h86,729.7−0.028%$30.8M$205.1M40x
Vest BTC-PERP+0.0100%1h86,835.8+0.094%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,800+0.053%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,7540.000%$198K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,773.3+0.022%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,780.3+0.030%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,763.3+0.011%$30.0M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,753.1−0.001%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,751−0.003%$60.6M$336.4M40xas long as short
HTX BTC-USDT+0.0100%8h86,750−0.005%$2.30B$958.3M200xas long as short
Extended BTC-USD+0.0104%1h86,779.7+0.030%$46.3M$228.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,775+0.024%—$98.6M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,791.2+0.043%$188.4M$932.5M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,804.3+0.058%$132.1M$5.87B50xas long as short
Kalshi KXBTCPERP+0.0133%8h86,788+0.039%$9.6M$726.0M6.4xas long as short
BloFin BTC-USDT+0.0177%8h86,751.2−0.003%$417.2M$654.5M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0179% / S −0.0201%1h86,770.5+0.019%$14.7M—200xas long as short
Hibachi BTC/USDT-P+0.0216%1h86,782.6+0.033%$618K$7.1M30xas long as short