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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 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: Arcus against Variational Omni+0.116%7-day average +0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort 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−0.084%−$8 · spread now +0.116%, 7d avg +0.039%
Together, before fees−0.084%+ Points / potential airdropVariational Omni: Active · farm board−$8 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 0.077% dearer against Variational Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BTC86,337.90.0100pay 0.0100% / 8h59m 01s$155.6M$568.2M—
ShortArcus BTC-USD86,438.20.0100get 0.0013% / 1h59m 01s$7.6M$94.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. 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: +0.116% → +0.039%
$7.68
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$3.18
Costs to cover
0.045%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, just now; Arcus: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, just now0.50 bpdoesn't fit0.5 bp −$52.4 bp −$236doesn't fit
Sell Arcus live order book, 5 min ago0.01 bp2.3 bp −$22.4 bp −$243.9 bp −$387doesn'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−0.0159%1h86,352+0.016%$2.2M$11.7M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,405+0.078%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,424+0.100%$332K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,402.2+0.075%$8.4M$42.8M25xas long as short
01 Exchange BTCUSD−0.0008%1h86,408.7+0.082%$357K$2.5M50xas long as short
Aster BTCUSDT−0.0007%8h86,409.6+0.083%$503.1M$1.15B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,415.1+0.089%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0007%8h86,398.1+0.070%$849.4M$713.6M125xas long as short
dYdX BTC-USD+0.0012%1h86,400.8+0.073%$17.0M$21.1M50xas long as short
Reya BTCRUSDPERP+0.0024%1h86,382.2+0.051%$6.7M$145.1M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BTC-PERPETUAL+0.0030%1h86,435.2+0.113%$916.6M$1.49B50xas long as short
BingX BTC-USDC+0.0038%8h86,409.6+0.083%—$15.4M—as long as short
Phemex BTCUSDT+0.0042%8h86,400.4+0.072%$149.7M$477.6M150xas long as short
Bitget BTCUSDT+0.0050%8h86,424.3+0.100%$2.95B$5.11B150xas long as short
Aevo BTC-PERP+0.0064%1h86,389.7+0.060%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0067%8h86,407.7+0.081%$5.12B$5.61B500xas long as short
Binance BTCUSDT+0.0068%8h86,429.5+0.106%$9.42B$24.50B150xas long as short
Aftermath Perps BTCUSD+0.0076%1h86,402.9+0.075%$79K$220K20xas long as short
Gate BTC_USDT+0.0082%8h86,419.2+0.094%$5.84B$10.68B200xas long as short
Lighter BTC+0.0096%1h86,410.3+0.084%$170.2M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,423.1+0.099%$24.0M$151.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,398+0.070%$8.4M$52.4M100xas long as short
Bybit BTCUSDT+0.0098%8h86,424.2+0.100%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,379+0.048%$203K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,425.1+0.101%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,415.6+0.090%$21.8M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,488+0.174%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,439.6+0.118%$41.1M$521.5M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,422.6+0.098%$2.54B$12.71B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,414+0.088%$3.9M$18.6M25xas long as short
Arcus BTC-USDshort+0.0100%1h86,438.2+0.116%$7.6M$94.6M40x
Bulk BTC-USD+0.0100%1h86,382.9+0.052%$571.1M$18.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,413+0.087%$37.8M$154.7M75xas long as short
Variational Omni BTClong+0.0100%8h86,337.9long leg$155.6M$568.2M—
edgeX BTCUSDC+0.0100%4h86,361.4+0.027%$279.1M$946.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,348.3+0.012%$216.7M$173.5M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,372.8+0.040%$141.2M$323.4M100xas long as short
StandX BTC-USD+0.0100%1h86,396.8+0.068%$30.7M$204.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,439.8+0.118%—$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,398+0.070%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,400.2+0.072%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,402.6+0.075%$2.4M$8.7M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,433.8+0.111%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,432.6+0.110%$30.6M$62.2M15xas long as short
SunX BTC-USDT+0.0100%8h86,392.5+0.063%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,400+0.072%$60.4M$337.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,388.2+0.058%$2.29B$969.1M200xas long as short
Extended BTC-USD+0.0104%1h86,380.6+0.049%$45.5M$226.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,407+0.080%—$99.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,428.8+0.105%$192.1M$947.6M100xas long as short
Perpl BTC+0.0112%43m86,422.7+0.098%$418K$23.4M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,445.5+0.125%$132.1M$5.68B50xas long as short
Hibachi BTC/USDT-P+0.0152%1h86,381.8+0.051%$718K$8.1M30xas long as short
BloFin BTC-USDT+0.0188%8h86,418.8+0.094%$414.8M$654.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0189% / S −0.0212%1h86,411.8+0.086%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0200%8h86,439+0.117%$9.7M$737.4M6.4xas long as short