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 00:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.004%
Price spread now: RISEx against Aevo+0.032%7-day average +0.035% · 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−$28as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Long on AevoShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.010%+$1 on $10k
Price spread, last 3 days (all we have)+0.005%+$1 · spread now +0.032%, 7d avg +0.035%
Together, before fees+0.015%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP86,582.50.0072pay 0.0009% / 1h41m 26s$2.4M$1.3M20x
ShortRISEx BTC/USDC86,610.4−0.0024pay 0.0003% / 1h41m 26s$8.3M$42.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Aevo. 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
−$20.16
Price spread: +0.032% → +0.035%
−$0.3
Slippage, 4 orders
−$5.59
Fee Aevo: 8 bp × 2 orders
−$16
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$48.06
Costs to cover
0.276%
Break-even
never at this rate
Slippage from Aevo: live order book, 3 min ago; RISEx: live order book, 3 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 Aevo live order book, 3 min ago0.72 bp10.3 bp −$1012.3 bp −$12314.7 bp −$1,467doesn't fit
Sell RISEx live order book, 3 min ago0.01 bp3.0 bp −$33.0 bp −$3011.0 bp −$1,100doesn'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−0.0118%1h86,598+0.018%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,586+0.004%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568−0.017%$333K$26.8M52xas long as short
RISEx BTC/USDCshort−0.0024%1h86,610.4+0.032%$8.3M$42.9M25x
01 Exchange BTCUSD−0.0024%1h86,610.1+0.032%$361K$2.5M50xas long as short
Aster BTCUSDT0.0000%8h86,601.3+0.022%$502.3M$1.15B200xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,597.6+0.017%$916.4M$1.49B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,619.5+0.043%$36.9M—200xas long as short
KuCoin XBTUSDTM+0.0013%8h86,597.2+0.017%$851.2M$715.1M125xas long as short
dYdX BTC-USD+0.0025%1h86,584.4+0.002%$17.0M$21.1M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0027%1h86,597.7+0.018%$6.7M$145.4M40xas long as short
BingX BTC-USDT+0.0042%8h86,601.4+0.022%—$1.59B—as long as short
Phemex BTCUSDT+0.0042%8h86,578.5−0.005%$150.4M$479.5M150xas long as short
Bitget BTCUSDT+0.0052%8h86,598.3+0.018%$2.96B$5.12B150xas long as short
MEXC BTC_USDT+0.0072%8h86,601.4+0.022%$5.15B$5.64B500xas long as short
Aevo BTC-PERPlong+0.0072%1h86,582.5long leg$2.4M$1.3M20x
Binance BTCUSDT+0.0073%8h86,600.1+0.020%$9.44B$24.57B150xas long as short
Gate BTC_USDT+0.0082%8h86,597+0.017%$5.88B$10.74B200xas long as short
SoDEX BTC-USD+0.0093%1h86,564−0.021%$60.5M$337.7M40xas long as short
Lighter BTC+0.0096%1h86,581−0.002%$170.5M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,592.6+0.012%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,600+0.020%$8.5M$52.6M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,577−0.006%$200K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,600.3+0.021%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,564.4−0.021%$21.8M$234.8M50xas long as short
Hyperliquid BTC+0.0100%1h86,675+0.107%$3.80B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,605.2+0.026%$40.8M$524.0M50xas long as short
Bybit BTCUSDT+0.0100%8h86,596.6+0.016%$5.27B$9.82B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,592.9+0.012%$2.55B$12.77B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,582−0.001%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,631.4+0.056%$7.6M$95.1M40xas long as short
Bulk BTC-USD+0.0100%1h86,560.7−0.025%$572.5M$17.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,561.4−0.024%$38.4M$156.0M75xas long as short
Variational Omni BTC+0.0100%8h86,628.8+0.053%$157.3M$569.4M—as long as short
edgeX BTCUSDC+0.0100%4h86,643+0.070%$279.9M$948.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,607.5+0.029%$217.5M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,662+0.092%$141.6M$323.3M100xas long as short
StandX BTC-USD+0.0100%1h86,596.7+0.016%$30.7M$204.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,639.1+0.065%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,600+0.020%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,602.8+0.023%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,600.9+0.021%$2.4M$9.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,627.3+0.052%$141K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,595.8+0.015%$30.6M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,626+0.050%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,566.1−0.019%$2.30B$970.6M200xas long as short
Extended BTC-USD+0.0104%1h86,584.3+0.002%$45.5M$227.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,617.3+0.040%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,588.1+0.006%$193.5M$951.7M100xas long as short
Perpl BTC+0.0112%43m86,605.9+0.027%$417K$23.2M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,600.9+0.021%$132.7M$5.68B50xas long as short
Aftermath Perps BTCUSD+0.0121%1h86,622.9+0.047%$79K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,608.6+0.030%$728K$8.1M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0193% / S −0.0214%1h86,616.4+0.039%$15.0M—200xas long as short
BloFin BTC-USDT+0.0193%8h86,567.3−0.018%$413.7M$658.7M150xas long as short
Kalshi KXBTCPERP+0.0209%8h86,606+0.027%$9.7M$743.6M6.4xas long as short