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 00:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.017%
Price spread now: Bitget against SunX−0.015%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Long on SunXShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.038%−$4 on $10k
Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.015%, 7d avg +0.005%
Together, before fees+0.023%+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.020% cheaper against SunX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT86,429.90.0100pay 0.0100% / 8h11m 43s$3.4M$5.3M100x
ShortBitget BTCUSDT86,416.70.0055get 0.0055% / 8h11m 43s$2.96B$5.13B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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
−$9.45
Price spread: −0.015% → +0.005%
−$2.04
Slippage, 4 orders
−$2.36
Fee SunX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$33.86
Costs to cover
0.224%
Break-even
never at this rate
Slippage from SunX: live order book, 7 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 SunX live order book, 7 min ago0.34 bp5.5 bp −$66.1 bp −$618.2 bp −$82311.1 bp −$5,545
Sell Bitget live order book, 2 min ago0.01 bp6.0 bp −$66.0 bp −$606.8 bp −$6837.4 bp −$3,688

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%1h86,476+0.053%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,421−0.010%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,345−0.098%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,468.8+0.045%$8.3M$42.7M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,476.2+0.054%$358K$2.4M50xas long as short
Perpl BTC0.0000%43m86,447.6+0.020%$414K$22.5M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,471.8+0.048%$36.8M—200xas long as short
Aster BTCUSDT+0.0008%8h86,435.2+0.006%$501.3M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0020%8h86,437.4+0.009%$833.7M$728.5M125xas long as short
Reya BTCRUSDPERP+0.0035%1h86,456.3+0.031%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0043%8h86,428.3−0.002%—$1.59B—as long as short
Phemex BTCUSDT+0.0054%8h86,461.6+0.037%$150.6M$478.2M150xas long as short
Bitget BTCUSDTshort+0.0055%8h86,416.7−0.015%$2.96B$5.13B150x
dYdX BTC-USD+0.0065%1h86,456.7+0.031%$16.9M$21.2M50xas long as short
Aevo BTC-PERP+0.0072%1h86,434.5+0.005%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0073%8h86,418.8−0.013%$5.16B$5.69B500xas long as short
Binance BTCUSDT+0.0074%8h86,422.8−0.008%$9.43B$24.55B150xas long as short
Gate BTC_USDT+0.0082%8h86,439.2+0.011%$5.85B$10.80B200xas long as short
Lighter BTC+0.0096%1h86,432.4+0.003%$170.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,437.8+0.009%$23.9M$152.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,453+0.027%$8.5M$52.4M100xas long as short
Bybit BTCUSDT+0.0099%8h86,427.6−0.003%$5.26B$9.79B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,440+0.012%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,461.8+0.037%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,462.9+0.038%$21.7M$234.1M50xas long as short
Hyperliquid BTC+0.0100%1h86,498+0.079%$3.79B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,459.2+0.034%$41.1M$535.5M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,433.4+0.004%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,449+0.022%$3.9M$18.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,463.9+0.039%$7.3M$95.9M40xas long as short
Bulk BTC-USD+0.0100%1h86,449+0.022%$572.1M$12.5M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,443+0.015%$38.0M$157.2M75xas long as short
Variational Omni BTC+0.0100%8h86,485.4+0.064%$157.1M$568.4M—as long as short
edgeX BTCUSDC+0.0100%4h86,457.2+0.032%$279.3M$947.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,437.7+0.009%$216.9M$172.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,457.6+0.032%$141.4M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,450.5+0.024%$30.7M$206.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,501.5+0.083%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,459+0.034%$11.1M$13.9M50xas long as short
Bullet BTC-USD+0.0100%1h86,458.5+0.033%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,447.4+0.020%$2.5M$9.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,477.4+0.055%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,476.9+0.054%$30.5M$62.6M15xas long as short
SunX BTC-USDTlong+0.0100%8h86,429.9long leg$3.4M$5.3M100x
SoDEX BTC-USD+0.0100%1h86,442+0.014%$60.5M$338.0M40xas long as short
HTX BTC-USDT+0.0100%8h86,437.9+0.009%$2.29B$968.2M200xas long as short
Extended BTC-USD+0.0104%1h86,426.7−0.004%$45.7M$227.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,453.1+0.027%—$100.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,471.2+0.048%$192.9M$953.2M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,486.9+0.066%$132.3M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0157%1h86,474.7+0.052%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,469.7+0.046%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0193%8h86,431.3+0.002%$414.9M$658.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0199% / S −0.0223%1h86,470.3+0.047%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0206%8h86,478+0.056%$10.0M$750.5M6.4xas long as short
Deribit BTC-PERPETUAL+0.0211%1h86,489.3+0.069%$911.5M$1.48B50xas long as short