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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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.

Funding you earn now, next payment 23:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h +0.020%
Price spread now: SoDEX against 01 Exchange+0.001%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$160.164% of the position
Long on 01 ExchangeShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.060%+$6 on $10k
Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.001%, 7d avg −0.023%
Together, before fees+0.003%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.024% dearer against 01 Exchange than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange BTCUSD86,494−0.0008get 0.0001% / 1h34m 09s$358K$2.4M50x
ShortSoDEX BTC-USD86,4950.0095get 0.0012% / 1h34m 09s$60.5M$337.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$21.69
Price spread: +0.001% → −0.023%
$2.37
Slippage, 4 orders
−$1.42
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$7.65
Costs to cover
0.164%
Break-even
4.5 days
Slippage from 01 Exchange: live order book, 5 min ago; SoDEX: live order book, 5 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, 5 min ago0.01 bp4.7 bp −$59.3 bp −$93doesn't fitdoesn't fit
Sell SoDEX live order book, 5 min ago0.06 bp4.1 bp −$44.1 bp −$415.0 bp −$50142.0 bp −$21.0K

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−0.0612%1h86,511.6+0.020%$140K$618K40xas long as short
Phoenix BTC−0.0159%1h86,627+0.154%$2.2M$11.8M40xas long as short
Aftermath Perps BTCUSD−0.0120%1h86,599+0.121%$83K$216K20xas long as short
Hotstuff BTC-PERP−0.0080%1h86,522+0.032%$9K$3K50xas long as short
dYdX BTC-USD−0.0010%1h86,530.8+0.042%$17.3M$20.5M50xas long as short
Aster BTCUSDT−0.0010%8h86,487.9−0.007%$504.7M$1.15B200xas long as short
01 Exchange BTCUSDlong−0.0008%1h86,494long leg$358K$2.4M50x
KuCoin XBTUSDTM0.0000%8h86,480.8−0.015%$850.9M$708.6M125xas long as short
Perpl BTC0.0000%43m86,522.6+0.033%$419K$23.8M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,532.3+0.044%$923.2M$1.47B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,513.7+0.023%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,484.3−0.011%$8.5M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,444.9−0.057%$6.7M$144.9M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559+0.075%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0032%8h86,494.8+0.001%$149.9M$475.7M150xas long as short
BingX BTC-USDT+0.0034%8h86,499+0.006%—$1.59B—as long as short
Bitget BTCUSDT+0.0043%8h86,496.6+0.003%$2.95B$5.08B150xas long as short
Hibachi BTC/USDT-P+0.0048%1h86,562.5+0.079%$729K$8.2M30xas long as short
MEXC BTC_USDT+0.0060%8h86,495.6+0.002%$5.17B$5.65B500xas long as short
Binance BTCUSDT+0.0060%8h86,494.9+0.001%$9.41B$24.32B150xas long as short
Aevo BTC-PERP+0.0064%1h86,482−0.014%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0075%8h86,494.20.000%$5.85B$10.66B200xas long as short
Bybit BTCUSDT+0.0089%8h86,503.2+0.011%$5.27B$9.71B150xas long as short
SoDEX BTC-USDshort+0.0095%1h86,495+0.001%$60.5M$337.1M40x
Lighter BTC+0.0096%1h86,506.6+0.015%$171.4M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,516.2+0.026%$24.0M$151.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,476−0.021%$8.5M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,468−0.030%$201K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,551.7+0.067%$4.8M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,495.2+0.001%$21.8M$233.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,574+0.092%$3.81B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,549.1+0.064%$41.1M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,500+0.007%$2.54B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,496+0.002%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,570.7+0.089%$7.4M$93.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.242%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,491−0.003%$38.4M$153.2M75xas long as short
Variational Omni BTC+0.0100%8h86,541.3+0.055%$156.5M$566.0M—as long as short
edgeX BTCUSDC+0.0100%4h86,594.3+0.116%$279.8M$944.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,592.5+0.114%$217.3M$173.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,642.9+0.172%$141.6M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,563.2+0.080%$30.7M$203.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,530.5+0.042%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,467−0.031%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,463.4−0.035%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,497.6+0.004%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,490.6−0.004%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,510.7+0.019%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,474.5−0.023%$2.30B$965.0M200xas long as short
Extended BTC-USD+0.0104%1h86,477.6−0.019%$46.4M$225.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,526.2+0.037%—$98.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,543+0.057%$131.7M$5.70B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,531.7+0.044%$191.2M$937.6M100xas long as short
BloFin BTC-USDT+0.0181%8h86,533.4+0.046%$414.3M$651.5M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0182% / S −0.0216%1h86,505+0.013%$15.4M—200xas long as short
Kalshi KXBTCPERP+0.0195%8h86,522+0.032%$9.6M$728.9M6.4xas long as short