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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 00:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.015%
Price spread now: Bitget against StandX−0.007%51s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.222% of the position
Long on StandXShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.060%−$6 on $10k
Price spread, last 7 days+0.026%+$3 · spread now −0.007%, 7d avg +0.004%
Together, before fees−0.035%+ Points / potential airdropStandX: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD86,475.40.0100pay 0.0013% / 1h31m 42s$30.7M$205.2M40x
ShortBitget BTCUSDT86,4690.0052get 0.0052% / 8h31m 42s$2.96B$5.13B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against StandX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$10.08
Price spread: −0.007% → +0.004%
−$1.11
Slippage, 4 orders
−$2.23
Fee StandX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$33.42
Costs to cover
0.222%
Break-even
never at this rate
Slippage from StandX: live order book, 3 min ago; Bitget: live order book, 2 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, 3 min ago0.35 bp5.2 bp −$57.1 bp −$718.4 bp −$8459.5 bp −$4,747
Sell Bitget live order book, 2 min ago0.01 bp6.0 bp −$66.0 bp −$606.6 bp −$662doesn'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
Phoenix BTC−0.0118%1h86,543+0.078%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,484+0.010%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568+0.107%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,490.9+0.018%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,502+0.031%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0001%8h86,471.4−0.005%$501.5M$1.15B200xas long as short
Deribit BTC-PERPETUAL+0.0001%1h86,510.4+0.040%$915.1M$1.48B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,512.2+0.043%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0016%8h86,472−0.004%$850.4M$715.5M125xas long as short
Reya BTCRUSDPERP+0.0030%1h86,493.5+0.021%$6.7M$145.4M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0042%8h86,476.5+0.001%—$1.59B—as long as short
Phemex BTCUSDT+0.0049%8h86,484.3+0.010%$150.7M$478.6M150xas long as short
dYdX BTC-USD+0.0051%1h86,493.3+0.021%$17.0M$21.1M50xas long as short
Bitget BTCUSDTshort+0.0052%8h86,469−0.007%$2.96B$5.13B150x
MEXC BTC_USDT+0.0070%8h86,465.1−0.012%$5.16B$5.66B500xas long as short
Binance BTCUSDT+0.0071%8h86,465−0.012%$9.43B$24.57B150xas long as short
Aevo BTC-PERP+0.0072%1h86,462.6−0.015%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0083%8h86,477.5+0.002%$5.87B$10.76B200xas long as short
SoDEX BTC-USD+0.0093%1h86,469−0.007%$60.5M$337.8M40xas long as short
Lighter BTC+0.0096%1h86,481+0.006%$170.3M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,489.9+0.017%$24.0M$151.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,490+0.017%$8.5M$52.4M100xas long as short
Bybit BTCUSDT+0.0099%8h86,466.7−0.010%$5.26B$9.81B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,458−0.020%$198K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,502.4+0.031%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,484+0.010%$21.8M$234.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,547+0.083%$3.80B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,507.6+0.037%$40.8M$527.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,480.1+0.005%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,490+0.017%$3.9M$18.7M25xas long as short
Arcus BTC-USD+0.0100%1h86,518.5+0.050%$7.6M$95.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,470.3−0.006%$38.2M$155.4M75xas long as short
Variational Omni BTC+0.0100%8h86,514.5+0.045%$157.4M$567.9M—as long as short
edgeX BTCUSDC+0.0100%4h86,535.4+0.069%$279.5M$947.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,546.5+0.082%$217.3M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,514.6+0.045%$141.4M$323.1M100xas long as short
StandX BTC-USDlong+0.0100%1h86,475.4long leg$30.7M$205.2M40x
Vest BTC-PERP+0.0100%1h86,535.1+0.069%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,492+0.019%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,494+0.021%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,496.1+0.024%$2.4M$9.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,524.4+0.057%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,508.8+0.039%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,482.8+0.009%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,470.1−0.006%$2.29B$969.8M200xas long as short
Bulk BTC-USD+0.0100%1h86,562.5+0.101%$572.7M$17.7M40xas long as short
Extended BTC-USD+0.0104%1h86,461.2−0.016%$45.5M$227.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,507.2+0.037%—$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,500.3+0.029%$194.0M$952.2M100xas long as short
Perpl BTC+0.0112%43m86,501.1+0.030%$416K$23.1M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,518.8+0.050%$132.2M$5.66B50xas long as short
Aftermath Perps BTCUSD+0.0137%1h86,545.1+0.081%$79K$218K20xas long as short
BloFin BTC-USDT+0.0191%8h86,490.5+0.017%$415.4M$658.5M150xas long as short
Hibachi BTC/USDT-P+0.0192%1h86,523+0.055%$728K$8.1M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0194% / S −0.0217%1h86,508.6+0.038%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,519+0.050%$9.7M$745.6M6.4xas long as short