Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%
Price spread now: Extended against Arcus−0.110%7-day average −0.068% · 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−$15as in the Price arb table
costs, in and out, $10k−$100.104% of the position
Funding, last 3 days (all we have)+0.005%+$1 on $10k
+Price spread, last 7 days+0.091%+$9 · spread now −0.110%, 7d avg −0.068%
=Together, before fees+0.096%+ Points / potential airdropExtended: Active · farm board+$10 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: Extended is 0.042% cheaper against Arcus than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BTC-USD | 86,633.5 | 0.0100 | pay 0.0013% / 1h | 4m 20s | $7.4M | $94.7M | 40x |
| Short | Extended BTC-USD | 86,538.5 | 0.0104 | get 0.0013% / 1h | 4m 20s | $46.4M | $226.6M | 50x |
Arcus BTC-USD
Extended BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.110% → −0.068%
- −$4.19
- Slippage, 4 orders
- −$0.91
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$13.75
- Costs to cover
- 0.104%
- Break-even
- 121.6 days
Slippage from Arcus: live order book, 5 min ago; Extended: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Arcus live order book, 5 min ago | 0.01 bp | 2.4 bp −$2 | 2.7 bp −$27 | 4.0 bp −$402 | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 4.2 bp −$424 | 10.2 bp −$5,107 |
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0255% | 1h | 86,618 | −0.018% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,582.2 | −0.059% | $425K | $24.5M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,554 | −0.092% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,552 | −0.094% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0064% | 1h | 86,591.4 | −0.049% | $17.6M | $20.6M | 50x | as long as short |
| Aster BTCUSDT | −0.0003% | 8h | 86,534.8 | −0.114% | $505.3M | $1.16B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,579.9 | −0.062% | $360K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,586.7 | −0.054% | $927.2M | $1.47B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,581.1 | −0.060% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0005% | 8h | 86,545.8 | −0.101% | $850.6M | $709.5M | 125x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
Aster BTCUSDT
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,556.3 | −0.089% | $6.7M | $144.5M | 40x | as long as short |
| BingX BTC-USDT | +0.0029% | 8h | 86,554.6 | −0.091% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0033% | 8h | 86,559.8 | −0.085% | $149.5M | $472.1M | 150x | as long as short |
| Bitget BTCUSDT | +0.0037% | 8h | 86,552.1 | −0.094% | $2.95B | $5.09B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,770 | +0.158% | $316K | $26.8M | 52x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,553 | −0.093% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0057% | 8h | 86,558.8 | −0.086% | $5.18B | $5.72B | 500x | as long as short |
| Binance BTCUSDT | +0.0058% | 8h | 86,558 | −0.087% | $9.42B | $24.38B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,586.2 | −0.055% | $8.9M | $42.7M | 25x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,556.3 | −0.089% | $5.84B | $10.71B | 200x | as long as short |
| Bybit BTCUSDT | +0.0083% | 8h | 86,561.8 | −0.083% | $5.27B | $9.73B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,560 | −0.085% | $172.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,573 | −0.070% | $24.1M | $154.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,560 | −0.085% | $8.5M | $52.3M | 100x | as long as short |
| OKX BTC-USDT-SWAP | +0.0096% | 8h | 86,567.7 | −0.076% | $2.55B | $12.72B | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,549 | −0.098% | $201K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,610.9 | −0.026% | $4.8M | $8.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,558.5 | −0.087% | $21.7M | $234.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,631 | −0.003% | $3.81B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,594.1 | −0.045% | $40.9M | $498.0M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,574 | −0.069% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USDlong | +0.0100% | 1h | 86,633.5 | long leg | $7.4M | $94.7M | 40x | |
| Bulk BTC-USD | +0.0100% | 1h | 86,682.4 | +0.056% | $572.6M | $21.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,562.7 | −0.082% | $38.5M | $151.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,546.2 | −0.101% | $159.9M | $565.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,621.5 | −0.014% | $279.7M | $941.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,613.4 | −0.023% | $217.6M | $186.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,593.8 | −0.046% | $141.7M | $322.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,556 | −0.089% | $30.7M | $203.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,612.3 | −0.024% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,560 | −0.085% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,559 | −0.086% | $191K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,564.2 | −0.080% | $2.4M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,579.4 | −0.062% | $140K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,557.6 | −0.088% | $30.0M | $61.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,562.4 | −0.082% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,549 | −0.098% | $60.5M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,553.2 | −0.093% | $2.30B | $960.3M | 200x | as long as short |
| Extended BTC-USDshort | +0.0104% | 1h | 86,538.5 | −0.110% | $46.4M | $226.6M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,584.8 | −0.056% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,584.8 | −0.056% | $186.9M | $934.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,598 | −0.041% | $131.8M | $5.82B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0172% | 8h | 86,597 | −0.042% | $9.5M | $727.4M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 86,594.8 | −0.045% | $780K | $7.9M | 30x | as long as short |
| BloFin BTC-USDT | +0.0178% | 8h | 86,558.6 | −0.086% | $416.4M | $655.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0209% | 1h | 86,573 | −0.070% | $15.0M | — | 200x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
OKX BTC-USDT-SWAP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]