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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 22:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.011%
Price spread now: BingX against 01 Exchange−0.007%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Long on 01 ExchangeShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.034%+$3 on $10k
Price spread, last 7 days−0.011%−$1 · spread now −0.007%, 7d avg +0.003%
Together, before fees+0.023%+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange BTCUSD86,8060get 0.0000% / 1h55m 22s$363K$2.5M50x
ShortBingX BTC-USDT86,8000.0019get 0.0019% / 8h2h 55m—$1.60B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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
$3.99
Price spread: −0.007% → +0.003%
−$1.04
Slippage, 4 orders
−$1.79
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee BingX: 5 bp × 2 orders
−$10
Net
−$15.83
Costs to cover
0.188%
Break-even
34.8 days
Slippage from 01 Exchange: live order book, 4 min ago; BingX: live order book, 14 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 01 Exchange live order book, 4 min ago0.01 bp4.0 bp −$49.3 bp −$93doesn't fitdoesn't fit
Sell BingX live order book, 14 min ago0.02 bp5.0 bp −$55.0 bp −$505.0 bp −$5025.0 bp −$2,522

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
Perpl BTC−0.0335%43m86,759.6−0.053%$420K$25.5M6.7xas long as short
Aftermath Perps BTCUSD−0.0185%1h86,860.1+0.062%$85K$188K20xas long as short
Phoenix BTC−0.0123%1h86,795−0.013%$2.2M$12.4M40xas long as short
dYdX BTC-USD−0.0093%1h86,756.9−0.057%$18.1M$19.9M50xas long as short
Hotstuff BTC-PERP−0.0080%1h86,790−0.018%$9K$3K50xas long as short
KuCoin XBTUSDTM−0.0001%8h86,784.3−0.025%$839.2M$706.8M125xas long as short
01 Exchange BTCUSDlong0.0000%1h86,806long leg$363K$2.5M50x
Kalshi KXBTCPERP0.0000%8h86,792−0.016%$8.9M$725.1M6.4xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,808.4+0.003%$922.9M$1.38B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,822+0.018%$36.7M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP+0.0008%1h86,782−0.028%$160K$575K40xas long as short
Phemex BTCUSDT+0.0013%8h86,748.5−0.066%$149.3M$468.5M150xas long as short
Aster BTCUSDT+0.0016%8h86,784.5−0.025%$506.7M$1.16B200xas long as short
BingX BTC-USDTshort+0.0019%8h86,800−0.007%—$1.60B—
Reya BTCRUSDPERP+0.0021%1h86,803.3−0.003%$6.8M$143.8M40xas long as short
Bitget BTCUSDT+0.0025%8h86,799.7−0.007%$2.96B$5.08B150xas long as short
MEXC BTC_USDT+0.0046%8h86,800−0.007%$5.20B$5.61B500xas long as short
Binance BTCUSDT+0.0046%8h86,800.1−0.007%$9.46B$24.33B150xas long as short
Aevo BTC-PERP+0.0048%1h86,794.6−0.013%$2.4M$1.3M20xas long as short
Injective BTC/USDC PERP+0.0049%1h86,984+0.205%$316K$26.8M52xas long as short
OKX BTC-USDT-SWAP+0.0054%8h86,809.9+0.004%$2.59B$12.73B100xas long as short
RISEx BTC/USDC+0.0063%1h86,777.5−0.033%$9.3M$42.0M25xas long as short
Gate BTC_USDT+0.0063%8h86,799.6−0.007%$5.86B$10.53B200xas long as short
SoDEX BTC-USD+0.0068%1h86,755−0.059%$60.6M$336.4M40xas long as short
Bybit BTCUSDT+0.0078%8h86,796.4−0.011%$5.30B$9.68B150xas long as short
Popdex BTCUSDT+0.0088%1h86,780−0.030%$8.5M$52.2M100xas long as short
Variational Omni BTC+0.0088%8h86,792.9−0.015%$161.2M$563.4M—as long as short
GRVT BTC_USDT_Perp+0.0094%8h86,810.6+0.005%$218.0M$191.1M50xas long as short
Lighter BTC+0.0096%1h86,764−0.048%$172.7M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,765.2−0.047%$24.2M$152.4M50xas long as short
Orderly PERP_BTC_USDC+0.0097%8h86,814.9+0.010%$2.5M$8.4M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,789.7−0.019%$4.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,766−0.046%$201K$6.8M50xas long as short
Nado BTC-PERP+0.0100%1h86,735.2−0.082%$22.0M$237.8M50xas long as short
Hyperliquid BTC+0.0100%1h86,873+0.077%$3.86B$5.15B40xas long as short
Pacifica BTC+0.0100%1h86,782−0.028%$41.6M$484.5M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,745−0.070%$3.9M$18.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,829.9+0.028%$7.6M$95.4M40xas long as short
Bulk BTC-USD+0.0100%1h86,919.5+0.131%$573.8M$23.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,761.8−0.051%$38.4M$147.9M75xas long as short
edgeX BTCUSDC+0.0100%4h86,804.8−0.001%$280.4M$944.7M100xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,805.90.000%$142.0M$322.7M100xas long as short
StandX BTC-USD+0.0100%1h86,839+0.038%$30.9M$205.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,845.6+0.046%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,8060.000%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,800.1−0.007%$202K$3.4M20xas long as short
Derive BTC-PERP+0.0100%1h86,764.9−0.047%$30.1M$61.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,769−0.043%$3.4M$5.6M100xas long as short
HTX BTC-USDT+0.0100%8h86,746.1−0.069%$2.31B$954.6M200xas long as short
Extended BTC-USD+0.0104%1h86,744.6−0.071%$46.2M$228.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,766.6−0.045%—$97.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,792.2−0.016%$193.1M$926.5M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,808.8+0.003%$132.2M$5.94B50xas long as short
BloFin BTC-USDT+0.0167%8h86,809.9+0.004%$420.2M$643.1M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0181% / S −0.0200%1h86,817.3+0.013%$15.5M—200xas long as short
Hibachi BTC/USDT-P+0.0200%1h86,798.4−0.009%$752K$7.0M30xas long as short