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 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%
Price spread now: Arcus against StandX+0.125%7-day average +0.036% · 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−$7as in the Price arb table
costs, in and out, $10k−$160.156% of the position
Long on StandXShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 7 days−0.099%−$10 · spread now +0.125%, 7d avg +0.036%
Together, before fees−0.099%+ Points / potential airdropStandX: Active · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.089% dearer against StandX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD86,593.70.0100pay 0.0013% / 1h43m 22s$30.7M$203.0M40x
ShortArcus BTC-USD86,702.20.0100get 0.0013% / 1h43m 22s$7.4M$93.8M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against StandX. 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
$0
Price spread: +0.125% → +0.036%
$8.89
Slippage, 4 orders
−$3.07
Fee StandX: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$6.69
Costs to cover
0.156%
Break-even
never at this rate
Slippage from StandX: live order book, 1 min ago; Arcus: live order book, 1 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 StandX live order book, 1 min ago0.63 bp5.0 bp −$56.8 bp −$688.4 bp −$8459.6 bp −$4,820
Sell Arcus live order book, 1 min ago0.01 bp2.3 bp −$22.3 bp −$234.5 bp −$455doesn't fit

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−0.1210%1h86,637.4+0.050%$141K$618K40xas long as short
Aftermath Perps BTCUSD−0.0175%1h86,597.5+0.004%$79K$199K20xas long as short
Phoenix BTC−0.0159%1h86,603+0.011%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,623+0.034%$9K$3K50xas long as short
dYdX BTC-USD−0.0014%1h86,635.5+0.048%$17.5M$20.3M50xas long as short
Aster BTCUSDT−0.0007%8h86,616.9+0.027%$505.6M$1.15B200xas long as short
01 Exchange BTCUSD0.0000%1h86,646.7+0.061%$359K$2.4M50xas long as short
Perpl BTC0.0000%43m86,615.3+0.025%$420K$24.0M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,633.3+0.046%$925.1M$1.47B50xas long as short
KuCoin XBTUSDTM+0.0002%8h86,614.3+0.024%$852.4M$708.0M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,640+0.053%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,629.6+0.041%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,621.3+0.032%$6.7M$144.8M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559−0.040%$315K$26.8M52xas long as short
Hibachi BTC/USDT-P+0.0024%1h86,629.6+0.041%$734K$8.1M30xas long as short
Phemex BTCUSDT+0.0025%8h86,592.3−0.002%$149.6M$473.2M150xas long as short
BingX BTC-USDC+0.0031%8h86,607.4+0.016%—$15.3M—as long as short
Bitget BTCUSDT+0.0041%8h86,627.4+0.039%$2.96B$5.07B150xas long as short
Aevo BTC-PERP+0.0056%1h86,591.3−0.003%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0059%8h86,630.9+0.043%$5.19B$5.63B500xas long as short
Binance BTCUSDT+0.0060%8h86,623.9+0.035%$9.43B$24.31B150xas long as short
Gate BTC_USDT+0.0084%8h86,623.1+0.034%$5.86B$10.63B200xas long as short
Bybit BTCUSDT+0.0090%8h86,619.8+0.030%$5.28B$9.70B150xas long as short
SoDEX BTC-USD+0.0091%1h86,599+0.006%$60.5M$336.9M40xas long as short
Lighter BTC+0.0096%1h86,627.9+0.039%$172.4M$999.8M50xas long as short
Lighter RH BTC+0.0096%1h86,640.6+0.054%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,625+0.036%$8.5M$52.1M100xas long as short
Nado BTC-PERP+0.0099%1h86,606.4+0.015%$21.8M$233.4M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,613+0.022%$206K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,669.4+0.087%$4.8M$8.3M50xas long as short
Hyperliquid BTC+0.0100%1h86,703+0.126%$3.81B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,653.1+0.069%$40.9M$504.7M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,614.2+0.024%$2.55B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,640+0.053%$3.9M$18.6M25xas long as short
Arcus BTC-USDshort+0.0100%1h86,702.2+0.125%$7.4M$93.8M40x
Bulk BTC-USD+0.0100%1h86,527.4−0.077%$571.7M$19.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,594.2+0.001%$38.4M$153.1M75xas long as short
Variational Omni BTC+0.0100%8h86,560.2−0.039%$156.7M$569.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,583.1−0.012%$279.6M$943.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,610.1+0.019%$217.3M$177.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,623.7+0.035%$141.6M$323.1M100xas long as short
StandX BTC-USDlong+0.0100%1h86,593.7long leg$30.7M$203.0M40x
Vest BTC-PERP+0.0100%1h86,673+0.092%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,633+0.045%$11.1M$13.5M50xas long as short
Bullet BTC-USD+0.0100%1h86,621+0.031%$193K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,624.3+0.035%$2.5M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,595.4+0.002%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,593.2−0.001%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,592.7−0.001%$2.30B$958.6M200xas long as short
Extended BTC-USD+0.0104%1h86,615.3+0.025%$46.4M$224.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,620.2+0.031%—$98.6M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,642.9+0.057%$131.8M$5.73B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,634.1+0.047%$191.4M$936.5M100xas long as short
BloFin BTC-USDT+0.0179%8h86,599.9+0.007%$415.4M$653.3M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,635.5+0.048%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0190%8h86,622+0.033%$9.6M$726.2M6.4xas long as short