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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Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.017%
Price spread now: Gate against SunX+0.043%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$270.268% of the position
Long on SunXShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.054%−$5 on $10k
Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.043%, 7d avg +0.006%
Together, before fees−0.058%−$6 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: Gate is 0.038% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT86,256.60.0100pay 0.0100% / 8h7h 20m$3.4M$5.4M100x
ShortGate BTC_USDT86,294.10.0099get 0.0099% / 8h7h 20m$5.78B$10.56B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$0.21
Price spread: +0.043% → +0.006%
$3.79
Slippage, 4 orders
−$3.82
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$23.24
Costs to cover
0.268%
Break-even
never at this rate
Slippage from SunX: live order book, 8 min ago; Gate: live order book, 4 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, 8 min ago0.80 bp6.2 bp −$66.9 bp −$699.4 bp −$941doesn't fit
Sell Gate live order book, 4 min ago0.01 bp7.5 bp −$88.3 bp −$839.6 bp −$96512.3 bp −$6,168

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−0.0161%1h86,307+0.058%$144K$666K40xas long as short
Phoenix BTC−0.0129%1h86,359+0.119%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,289+0.038%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,288.4+0.037%$363K$2.4M50xas long as short
Perpl BTC0.0000%43m86,303.8+0.055%$481K$21.4M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,297.6+0.048%$36.9M—200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358+0.118%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0024%1h86,292.5+0.042%$16.9M$20.5M50xas long as short
Aster BTCUSDT+0.0030%8h86,286.9+0.035%$500.4M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0042%8h86,289.2+0.038%$831.0M$717.9M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0047%1h86,284.7+0.033%$6.7M$145.8M40xas long as short
BingX BTC-USDT+0.0050%8h86,291.4+0.040%—$1.57B—as long as short
RISEx BTC/USDC+0.0052%1h86,299.6+0.050%$8.3M$42.4M25xas long as short
Bitget BTCUSDT+0.0064%8h86,290.2+0.039%$2.98B$5.03B150xas long as short
Aevo BTC-PERP+0.0080%1h86,286.5+0.035%$2.5M$1.8M20xas long as short
SoDEX BTC-USD+0.0082%1h86,285+0.033%$60.3M$338.2M40xas long as short
MEXC BTC_USDT+0.0083%8h86,296.6+0.046%$5.13B$5.72B500xas long as short
Binance BTCUSDT+0.0083%8h86,280.9+0.028%$9.40B$24.27B150xas long as short
Lighter BTC+0.0096%1h86,282.5+0.030%$170.4M$987.8M50xas long as short
Lighter RH BTC+0.0096%1h86,296.4+0.046%$23.7M$150.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,291+0.040%$8.4M$52.0M100xas long as short
Gate BTC_USDTshort+0.0099%8h86,294.1+0.043%$5.78B$10.56B200x
Katana Perps BTC-USD+0.0100%8h86,256−0.001%$197K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,308.2+0.060%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,294.8+0.044%$22.1M$227.0M50xas long as short
Hyperliquid BTC+0.0100%1h86,357+0.116%$3.79B$4.97B40xas long as short
Pacifica BTC+0.0100%1h86,306+0.057%$41.1M$552.2M50xas long as short
Bybit BTCUSDT+0.0100%8h86,296.2+0.046%$5.25B$9.66B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,295.8+0.045%$2.56B$12.45B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,287+0.035%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,313.2+0.066%$7.2M$94.9M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,269.1+0.014%$37.2M$158.9M75xas long as short
Variational Omni BTC+0.0100%8h86,271.9+0.018%$157.9M$558.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,378.6+0.141%$279.0M$949.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,434.6+0.206%$217.1M$165.2M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,403.6+0.170%$141.5M$321.0M100xas long as short
StandX BTC-USD+0.0100%1h86,307.5+0.059%$30.6M$208.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,326.8+0.081%—$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,288+0.036%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,304+0.055%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,280.9+0.028%$2.4M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,310.7+0.063%$30.3M$57.5M15xas long as short
SunX BTC-USDTlong+0.0100%8h86,256.6long leg$3.4M$5.4M100x
HTX BTC-USDT+0.0100%8h86,270.1+0.016%$2.29B$958.7M200xas long as short
Phemex BTCUSDT+0.0100%8h86,290.4+0.039%$155.0M$473.4M150xas long as short
Bulk BTC-USD+0.0100%1h86,411.1+0.179%$576.0M$32.8M40xas long as short
Extended BTC-USD+0.0104%1h86,271+0.017%$46.1M$222.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,323.6+0.078%—$98.4M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,337.7+0.094%$132.4M$5.34B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,326+0.080%$192.4M$944.4M100xas long as short
Deribit BTC-PERPETUAL+0.0155%1h86,337.9+0.094%$902.2M$1.51B50xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,341.8+0.099%$709K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0170%1h86,381.2+0.144%$77K$217K20xas long as short
BloFin BTC-USDT+0.0203%8h86,280.1+0.027%$415.0M$641.3M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0206% / S −0.0221%1h86,292.4+0.041%$14.5M—200xas long as short
Kalshi KXBTCPERP+0.0206%8h86,319+0.072%$10.6M$765.4M6.4xas long as short