Settings8H · net · $10k
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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 10:00 UTC+0.0119%/8h= +13.0% APRnext payment +$0.15 per $10,000 · paid last 24h +0.006%
Price spread now: Kraken Futures against SoDEX+0.021%7-day average +0.022% · 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−$18as in the Price arb table
costs, in and out, $10k−$180.183% of the position
Long on SoDEXShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.007%−$1 on $10k
Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.021%, 7d avg +0.022%
Together, before fees−0.012%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BTC-USD86,081−0.0017get 0.0002% / 1h59m 15s$60.2M$257.8M40x
ShortKraken Futures PF_XBTUSD86,098.90.0102get 0.0013% / 1h59m 15s$188.6M$866.3M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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
$24.97
Price spread: +0.021% → +0.022%
−$0.12
Slippage, 4 orders
−$0.29
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$6.56
Costs to cover
0.183%
Break-even
5.2 days
Slippage from SoDEX: live order book, 5 min ago; Kraken Futures: 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 SoDEX live order book, 5 min ago0.06 bp4.1 bp −$44.1 bp −$415.1 bp −$51043.0 bp −$21.5K
Sell Kraken Futures live order book, 5 min ago0.06 bp5.1 bp −$55.9 bp −$597.5 bp −$7479.9 bp −$4,936

BTC on 55 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
Hotstuff BTC-PERP−0.0080%1h86,180+0.115%$8K$2K50xas long as short
Injective BTC/USDC PERP−0.0065%1h86,198+0.136%$301K$25.0M52xas long as short
01 Exchange BTCUSD−0.0056%1h86,151.8+0.082%$359K$2.1M50xas long as short
BloFin BTC-USDT−0.0020%8h86,159.1+0.091%$423.0M$624.0M150xas long as short
SoDEX BTC-USDlong−0.0017%1h86,081long leg$60.2M$257.8M40x
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,207.1+0.146%$36.9M—200xas long as short
dYdX BTC-USD+0.0032%1h86,197.2+0.135%$16.9M$17.6M50xas long as short
KuCoin XBTUSDTM+0.0035%8h86,150+0.080%$937.8M$666.5M125xas long as short
Bybit BTCUSDT+0.0039%8h86,080.2−0.001%$5.11B$9.03B150xas long as short
BingX BTC-USDC+0.0045%8h86,075.6−0.006%—$16.8M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BTCUSDT+0.0048%8h86,110.1+0.034%$504.0M$971.6M200xas long as short
Phemex BTCUSDT+0.0070%8h86,082.8+0.002%$167.6M$497.3M150xas long as short
Phoenix BTC+0.0075%1h86,213+0.153%$2.3M$8.2M40xas long as short
Bullet BTC-USD+0.0094%1h86,109+0.033%$205K$3.3M20xas long as short
Lighter BTC+0.0096%1h86,160.2+0.092%$173.6M$865.1M50xas long as short
Lighter RH BTC+0.0096%1h86,178.9+0.114%$23.4M$120.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,153+0.084%$8.8M$52.2M100xas long as short
Aevo BTC-PERP+0.0096%1h86,077.1−0.004%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h86,135+0.063%$230K$8.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,190.4+0.127%$6.1M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,146.6+0.076%$21.8M$210.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,203+0.142%$3.87B$4.75B40xas long as short
Pacifica BTC+0.0100%1h86,193.2+0.130%$40.7M$587.4M50xas long as short
Binance BTCUSDT+0.0100%8h86,100.9+0.023%$9.48B$23.03B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,082.3+0.002%$2.62B$10.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,167+0.100%$4.0M$16.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,189.5+0.126%$4.7M$93.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,176.9+0.111%$711.8M$175.1M40xas long as short
Gate BTC_USDT+0.0100%8h86,102.9+0.025%$5.47B$9.01B200xas long as short
MEXC BTC_USDT+0.0100%8h86,119.8+0.045%$5.11B$5.25B500xas long as short
Bitget BTCUSDT+0.0100%8h86,078.3−0.003%$2.98B$4.53B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,181.9+0.117%$37.6M$188.1M75xas long as short
Variational Omni BTC+0.0100%8h86,123.1+0.049%$158.4M$509.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,177.4+0.112%$290.1M$989.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,189.5+0.126%$216.5M$141.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,191.9+0.129%$137.2M$302.0M100xas long as short
StandX BTC-USD+0.0100%1h86,171+0.105%$30.3M$212.5M40xas long as short
Vest BTC-PERP+0.0100%1h86,220.8+0.162%—$10.5M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,150+0.080%$11.0M$13.5M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,090.1+0.011%$2.6M$9.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,129.4+0.056%$195K$660K40xas long as short
SunX BTC-USDT+0.0100%8h86,126+0.052%$3.2M$7.0M100xas long as short
HTX BTC-USDT+0.0100%8h86,080.1−0.001%$2.27B$911.0M200xas long as short
Kraken Futures PF_XBTUSDshort+0.0102%1h86,098.9+0.021%$188.6M$866.3M100x
Extended BTC-USD+0.0104%1h86,057.3−0.028%$46.4M$219.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,207.1+0.146%—$93.4M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,121.1+0.047%$112.6M$5.24B50xas long as short
Reya BTCRUSDPERP+0.0154%1h86,102.6+0.025%$6.6M$131.8M40xas long as short
Kalshi KXBTCPERP+0.0186%8h86,194+0.131%$11.1M$726.5M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0200% / S −0.0185%1h86,193.4+0.131%$13.3M—200xas long as short
RISEx BTC/USDC+0.0204%1h86,126.7+0.053%$8.9M$40.6M25xas long as short
Deribit BTC-PERPETUAL+0.0263%1h86,146.4+0.076%$840.2M$1.61B50xas long as short
Hibachi BTC/USDT-P+0.0280%1h86,226.6+0.169%$697K$7.4M30xas long as short
Aftermath Perps BTCUSD+0.0413%1h86,199.7+0.138%$80K$254K20xas long as short
Perpl BTC+0.0447%43m86,117.5+0.042%$494K$16.3M6.7xas long as short