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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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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.

Funding you earn now, next payment 23:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.018%
Price spread now: BingX against RISEx+0.002%7-day average −0.008% · 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−$15as in the Price arb table
costs, in and out, $10k−$160.164% of the position
Long on RISExShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.048%−$5 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.002%, 7d avg −0.008%
Together, before fees−0.078%−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BTC/USDC86,312.40.0006pay 0.0001% / 1h8m 45s$8.4M$42.8M25x
ShortBingX BTC-USDT86,314.30.0037get 0.0037% / 8h1h 08m—$1.59B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against RISEx. 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
$6.47
Price spread: +0.002% → −0.008%
$1.07
Slippage, 4 orders
−$0.45
Fee RISEx: 3 bp × 2 orders
−$6
Fee BingX: 5 bp × 2 orders
−$10
Net
−$8.92
Costs to cover
0.164%
Break-even
16.7 days
Slippage from RISEx: live order book, 5 min ago; BingX: live order book, 10 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 RISEx live order book, 5 min ago0.01 bp3.0 bp −$33.0 bp −$3010.2 bp −$1,024doesn't fit
Sell BingX live order book, 10 min ago0.02 bp5.0 bp −$55.0 bp −$505.0 bp −$5025.6 bp −$2,817

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
Bluefin BTC-PERP−0.0586%1h86,358+0.053%$140K$620K40xas long as short
Phoenix BTC−0.0159%1h86,356+0.051%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,308−0.005%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0016%1h86,339+0.031%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0012%8h86,344.8+0.038%$503.2M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0004%8h86,336.3+0.028%$851.3M$712.7M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,353.8+0.048%$36.8M—200xas long as short
dYdX BTC-USD+0.0006%1h86,341.1+0.033%$16.9M$21.1M50xas long as short
RISEx BTC/USDClong+0.0006%1h86,312.4long leg$8.4M$42.8M25x
Reya BTCRUSDPERP+0.0023%1h86,329.6+0.020%$6.7M$145.0M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0024%1h86,360+0.055%$332K$26.8M52xas long as short
BingX BTC-USDTshort+0.0037%8h86,314.3+0.002%—$1.59B—
Phemex BTCUSDT+0.0042%8h86,340.7+0.033%$150.2M$476.9M150xas long as short
Bitget BTCUSDT+0.0047%8h86,312.30.000%$2.95B$5.11B150xas long as short
Aftermath Perps BTCUSD+0.0052%1h86,383.8+0.083%$80K$219K20xas long as short
MEXC BTC_USDT+0.0063%8h86,348.7+0.042%$5.11B$5.72B500xas long as short
Binance BTCUSDT+0.0064%8h86,349.6+0.043%$9.42B$24.46B150xas long as short
Aevo BTC-PERP+0.0064%1h86,331.6+0.022%$2.4M$1.3M20xas long as short
Deribit BTC-PERPETUAL+0.0069%1h86,377.6+0.076%$917.6M$1.49B50xas long as short
Gate BTC_USDT+0.0080%8h86,311.7−0.001%$5.84B$10.76B200xas long as short
Bybit BTCUSDT+0.0095%8h86,352.9+0.047%$5.25B$9.79B150xas long as short
Lighter BTC+0.0096%1h86,353.3+0.047%$170.2M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,365.5+0.062%$24.0M$152.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,334+0.025%$8.4M$52.4M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,288−0.028%$202K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,389.7+0.090%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,295.1−0.020%$21.6M$234.6M50xas long as short
Hyperliquid BTC+0.0100%1h86,417+0.121%$3.79B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,377.1+0.075%$40.7M$517.9M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,312.70.000%$2.54B$12.71B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,347+0.040%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,366.5+0.063%$7.8M$94.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,320.9+0.010%$570.7M$18.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,335.4+0.027%$37.8M$154.8M75xas long as short
Variational Omni BTC+0.0100%8h86,316.3+0.005%$155.5M$568.1M—as long as short
edgeX BTCUSDC+0.0100%4h86,321.8+0.011%$279.0M$944.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,358.3+0.053%$217.0M$174.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,353.6+0.048%$141.2M$323.8M100xas long as short
StandX BTC-USD+0.0100%1h86,332.2+0.023%$30.6M$204.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,372.3+0.069%—$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,333+0.024%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,344+0.037%$190K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,345.1+0.038%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h86,361.5+0.057%$30.6M$62.2M15xas long as short
SunX BTC-USDT+0.0100%8h86,293.8−0.022%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,340+0.032%$60.4M$337.3M40xas long as short
HTX BTC-USDT+0.0100%8h86,317.5+0.006%$2.29B$968.8M200xas long as short
Extended BTC-USD+0.0104%1h86,291.2−0.025%$45.6M$226.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,345.5+0.038%—$98.9M500xas long as short
Perpl BTC+0.0112%43m86,309.8−0.003%$420K$23.5M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,380.8+0.079%$131.3M$5.68B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,365.9+0.062%$191.3M$945.6M100xas long as short
Hibachi BTC/USDT-P+0.0128%1h86,306.6−0.007%$718K$8.1M30xas long as short
BloFin BTC-USDT+0.0184%8h86,339.6+0.032%$414.4M$653.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0187% / S −0.0209%1h86,346.7+0.040%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0198%8h86,335+0.026%$9.8M$735.1M6.4xas long as short