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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Funding you earn now, next payment 01:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.003%
Price spread now: Kraken Futures against Arcus−0.010%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−$17as in the Price arb table
costs, in and out, $10k−$170.166% of the position
Long on ArcusShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.038%−$4 on $10k
Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.010%, 7d avg −0.003%
Together, before fees−0.050%−$5 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
LongArcus BTC-USD86,320.90.0100pay 0.0013% / 1h51m 23s$7.3M$96.0M40x
ShortKraken Futures PF_XBTUSD86,312.60.0121get 0.0015% / 1h51m 23s$192.3M$951.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Arcus. 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
$4.45
Price spread: −0.010% → −0.003%
−$0.66
Slippage, 4 orders
−$2.14
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$12.85
Costs to cover
0.166%
Break-even
27.2 days
Slippage from Arcus: live order book, 3 min ago; Kraken Futures: 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 Arcus live order book, 3 min ago0.01 bp3.0 bp −$34.6 bp −$467.4 bp −$738doesn't fit
Sell Kraken Futures live order book, 3 min ago0.06 bp5.1 bp −$55.8 bp −$586.7 bp −$6718.7 bp −$4,352

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−0.0129%1h86,441+0.139%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,297−0.028%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,304.6−0.019%$361K$2.4M50xas long as short
Perpl BTC0.0000%43m86,324.8+0.005%$461K$22.1M6.7xas long as short
dYdX BTC-USD+0.0003%1h86,307.1−0.016%$16.9M$20.6M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,351.4+0.035%$36.9M—200xas long as short
Bluefin BTC-PERP+0.0007%1h86,350.6+0.034%$140K$663K40xas long as short
Deribit BTC-PERPETUAL+0.0012%1h86,321.20.000%$903.4M$1.51B50xas long as short
Aster BTCUSDT+0.0014%8h86,330.8+0.011%$500.6M$1.15B200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,616+0.342%$333K$26.9M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XBTUSDTM+0.0029%8h86,288.4−0.038%$830.0M$722.9M125xas long as short
Reya BTCRUSDPERP+0.0041%1h86,308.4−0.015%$6.7M$145.7M40xas long as short
BingX BTC-USDT+0.0047%8h86,335.5+0.017%—$1.59B—as long as short
SoDEX BTC-USD+0.0049%1h86,292−0.033%$60.3M$338.1M40xas long as short
RISEx BTC/USDC+0.0052%1h86,299.4−0.025%$8.3M$42.9M25xas long as short
Bitget BTCUSDT+0.0059%8h86,316.9−0.005%$2.96B$5.10B150xas long as short
ApeX Omni BTCUSDT+0.0069%1h86,448.9+0.148%$141.6M$323.3M100xas long as short
Aevo BTC-PERP+0.0072%1h86,488.1+0.194%$2.5M$1.4M20xas long as short
Binance BTCUSDT+0.0076%8h86,329.1+0.009%$9.41B$24.52B150xas long as short
MEXC BTC_USDT+0.0076%8h86,311.3−0.011%$5.13B$5.66B500xas long as short
Gate BTC_USDT+0.0077%8h86,340.3+0.022%$5.83B$10.47B200xas long as short
Lighter BTC+0.0096%1h86,308.4−0.014%$170.0M$981.1M50xas long as short
Lighter RH BTC+0.0096%1h86,312.1−0.010%$23.7M$148.7M50xas long as short
GRVT BTC_USDT_Perp+0.0096%8h86,431.6+0.128%$216.9M$167.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,293−0.032%$8.4M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,269−0.060%$204K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,331.6+0.012%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,278.9−0.049%$22.1M$232.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,371+0.058%$3.79B$5.04B40xas long as short
Pacifica BTC+0.0100%1h86,326.6+0.007%$40.7M$540.8M50xas long as short
Bybit BTCUSDT+0.0100%8h86,343+0.026%$5.26B$9.75B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,326.8+0.007%$2.56B$12.63B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,294−0.031%$3.9M$18.1M25xas long as short
Arcus BTC-USDlong+0.0100%1h86,320.9long leg$7.3M$96.0M40x
Bulk BTC-USD+0.0100%1h86,523.6+0.235%$572.9M$12.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,271.6−0.057%$37.5M$155.5M75xas long as short
Variational Omni BTC+0.0100%8h86,309.8−0.013%$157.9M$567.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,419.2+0.114%$279.1M$949.0M100xas long as short
StandX BTC-USD+0.0100%1h86,338+0.020%$30.6M$208.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,350.2+0.034%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,299−0.025%$11.1M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,322+0.001%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,308.9−0.014%$2.5M$9.1M100xas long as short
Derive BTC-PERP+0.0100%1h86,345.8+0.029%$30.4M$62.7M15xas long as short
SunX BTC-USDT+0.0100%8h86,284.4−0.042%$3.4M$5.3M100xas long as short
HTX BTC-USDT+0.0100%8h86,294.2−0.031%$2.29B$967.6M200xas long as short
Phemex BTCUSDT+0.0100%8h86,294.1−0.031%$152.8M$478.7M150xas long as short
Extended BTC-USD+0.0104%1h86,268.7−0.060%$45.9M$224.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,310.5−0.012%—$99.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,321.9+0.001%$133.0M$5.57B50xas long as short
Kraken Futures PF_XBTUSDshort+0.0121%1h86,312.6−0.010%$192.3M$951.0M100x
Aftermath Perps BTCUSD+0.0165%1h86,442+0.140%$76K$219K20xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,388.4+0.078%$714K$8.0M30xas long as short
BloFin BTC-USDT+0.0195%8h86,393.3+0.084%$415.5M$655.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0201% / S −0.0214%1h86,341.2+0.024%$14.5M—200xas long as short
Kalshi KXBTCPERP+0.0212%8h86,364+0.050%$9.5M$759.6M6.4xas long as short