BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h −0.025%

Price spread now: 01 Exchange against Arcus+0.026%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−$8as in the Price arb table

costs, in and out, $10k−$140.142% of the position

Long on Arcus Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.093%−$9 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.026%, 7d avg −0.035%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. 01 Exchange is 0.062% dearer against Arcus than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.035%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BTC-USD	85,444.2	0.0021	pay 0.0003% / 1h	15m 09s	$4.6M	$97.8M	40x
Short	01 Exchange BTCUSD	85,466.7	−0.0056	pay 0.0007% / 1h	15m 09s	$364K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee ArcusbpFee 01 ExchangebpOrdersPrice spread, now +0.026%Rate

Funding earned: −$16.14
Price spread: +0.026% → −0.035%: $6.16
Slippage, 4 orders: −$2.66
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$24.13
Costs to cover: 0.142%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; 01 Exchange: live order book, 4 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, 4 min ago	0.01 bp	2.3 bp −$2	2.4 bp −$24	4.0 bp −$402	doesn't fit
Sell 01 Exchange live order book, 4 min ago	0.01 bp	5.3 bp −$5	9.4 bp −$94	doesn't fit	doesn't fit

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
Phoenix BTC	−0.0179%	1h	85,466	+0.026%	$2.1M	$10.3M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,438	−0.007%	$8K	$3K	50x	as long as short
01 Exchange BTCUSDshort	−0.0056%	1h	85,466.7	+0.026%	$364K	$2.3M	50x
KuCoin XBTUSDTM	−0.0026%	8h	85,443.2	−0.001%	$919.1M	$752.1M	125x	as long as short
BloFin BTC-USDT	−0.0021%	8h	85,452.4	+0.010%	$417.8M	$668.4M	150x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	85,467.7	+0.028%	$36.5M	—	200x	as long as short
Aster BTCUSDT	+0.0011%	8h	85,449	+0.006%	$515.1M	$1.10B	200x	as long as short
dYdX BTC-USD	+0.0012%	1h	85,459.5	+0.018%	$16.7M	$21.2M	50x	as long as short
Nado BTC-PERP	+0.0019%	1h	85,446.8	+0.003%	$25.3M	$221.8M	50x	as long as short
Arcus BTC-USDlong	+0.0021%	1h	85,444.2	long leg	$4.6M	$97.8M	40x

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDC	+0.0062%	8h	85,439	−0.006%	—	$17.1M	—	as long as short
Phemex BTCUSDT	+0.0077%	8h	85,459.6	+0.018%	$147.7M	$488.3M	150x	as long as short
Bitget BTCUSDT	+0.0078%	8h	85,455.6	+0.013%	$2.94B	$5.08B	150x	as long as short
Reya BTCRUSDPERP	+0.0084%	1h	85,445.8	+0.002%	$6.7M	$146.8M	40x	as long as short
Lighter BTC	+0.0096%	1h	85,470.8	+0.031%	$172.4M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,475.6	+0.037%	$23.9M	$149.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,468	+0.028%	$8.6M	$53.2M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,458.3	+0.017%	$2.4M	$1.7M	20x	as long as short
MEXC BTC_USDT	+0.0097%	8h	85,460.5	+0.019%	$5.07B	$5.65B	500x	as long as short
Binance BTCUSDT	+0.0099%	8h	85,460.2	+0.019%	$9.36B	$24.16B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,432	−0.014%	$210K	$8.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,521.1	+0.090%	$5.0M	$9.0M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,544	+0.117%	$3.75B	$4.99B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,478	+0.040%	$40.1M	$579.3M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,459.6	+0.018%	$5.20B	$9.80B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,472.2	+0.033%	$2.58B	$12.14B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,439	−0.006%	$3.9M	$18.2M	25x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,516	+0.084%	$659.1M	$647.8M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,463	+0.022%	$5.51B	$10.74B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,423.7	−0.024%	$35.6M	$176.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,420.9	−0.027%	$153.3M	$564.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,426.8	−0.020%	$279.1M	$922.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,459.5	+0.018%	$214.5M	$168.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,462.5	+0.021%	$139.7M	$314.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,439	−0.006%	$30.2M	$208.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,510.5	+0.078%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,459	+0.017%	$11.1M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,460.2	+0.019%	$190K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,459.5	+0.018%	$2.4M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,504.2	+0.070%	$207K	$738K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,450.1	+0.007%	$29.9M	$50.3M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,442.4	−0.002%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,460	+0.018%	$59.9M	$336.2M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,459.4	+0.018%	$2.26B	$942.9M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,436.4	−0.009%	$44.6M	$231.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,472.2	+0.033%	—	$107.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,496.6	+0.061%	$117.2M	$5.19B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0144%	1h	85,504.4	+0.070%	$891.5M	$1.58B	50x	as long as short
Injective BTC/USDC PERP	+0.0150%	1h	85,444	0.000%	$339K	$26.9M	52x	as long as short
Kraken Futures PF_XBTUSD	+0.0170%	1h	85,481.9	+0.044%	$187.3M	$955.3M	100x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0152%	1h	85,466.8	+0.026%	$13.3M	—	200x	as long as short
RISEx BTC/USDC	+0.0194%	1h	85,485.6	+0.048%	$8.2M	$42.5M	25x	as long as short
Kalshi KXBTCPERP	+0.0219%	8h	85,474	+0.035%	$10.3M	$756.3M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0222%	1h	85,485.4	+0.048%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	85,463.6	+0.023%	$702K	$7.9M	30x	as long as short
Perpl BTC	+0.0447%	43m	85,449.4	+0.006%	$495K	$18.8M	6.7x	as long as short