BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.004%

Price spread now: Gate against BingX+0.029%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.029%, 7d avg +0.038%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BTC-USDC	85,390.8	0.0063	pay 0.0063% / 8h	3h 02m	—	$17.1M	—
Short	Gate BTC_USDT	85,415.8	0.0100	get 0.0100% / 8h	3h 02m	$5.52B	$10.87B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now +0.029%Rate

Funding earned: $7.77
Price spread: +0.029% → +0.038%: −$0.85
Slippage, 4 orders: −$0.05
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$18.12
Costs to cover: 0.250%
Break-even: 23.3 days

Slippage from BingX: live order book, 6 min ago; Gate: live order book, 1 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 BingX live order book, 6 min ago	0.02 bp	5.0 bp −$5	5.7 bp −$57	6.9 bp −$688	8.3 bp −$4,135
Sell Gate live order book, 1 min ago	0.01 bp	7.5 bp −$8	7.5 bp −$75	8.4 bp −$844	10.4 bp −$5,191

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	−0.0140%	1h	85,470	+0.093%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,505	+0.134%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0050%	8h	85,406.3	+0.018%	$919.6M	$758.1M	125x	as long as short
BloFin BTC-USDT	−0.0031%	8h	85,404.2	+0.016%	$419.8M	$675.8M	150x	as long as short
Aster BTCUSDT	−0.0011%	8h	85,402.4	+0.014%	$514.1M	$1.10B	200x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	85,407.2	+0.019%	$382K	$2.3M	50x	as long as short
Perpl BTC	0.0000%	43m	85,444.9	+0.063%	$540K	$18.7M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,425.5	+0.041%	$36.5M	—	200x	as long as short
Nado BTC-PERP	+0.0005%	1h	85,403.4	+0.015%	$24.3M	$223.0M	50x	as long as short
dYdX BTC-USD	+0.0025%	1h	85,448.7	+0.068%	$16.8M	$21.2M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0044%	1h	85,552	+0.189%	$340K	$26.9M	52x	as long as short
SoDEX BTC-USD	+0.0049%	1h	85,404	+0.015%	$59.8M	$335.9M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0055%	1h	85,440.9	+0.059%	$872.3M	$1.60B	50x	as long as short
BingX BTC-USDClong	+0.0063%	8h	85,390.8	long leg	—	$17.1M	—
Phemex BTCUSDT	+0.0066%	8h	85,402.7	+0.014%	$148.9M	$498.5M	150x	as long as short
Bitget BTCUSDT	+0.0079%	8h	85,423.3	+0.038%	$2.95B	$5.13B	150x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,400.4	+0.011%	$2.7M	$5.1M	20x	as long as short
MEXC BTC_USDT	+0.0089%	8h	85,410	+0.022%	$5.06B	$5.69B	500x	as long as short
Binance BTCUSDT	+0.0089%	8h	85,409.5	+0.022%	$9.45B	$24.51B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,429.7	+0.046%	$171.9M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,421	+0.035%	$23.9M	$149.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,414	+0.027%	$8.4M	$55.2M	100x	as long as short
Bullet BTC-USD	+0.0098%	1h	85,405.8	+0.018%	$204K	$3.3M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,392	+0.001%	$226K	$8.4M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,454.4	+0.074%	$5.7M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,495.3	+0.122%	$3.78B	$5.03B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,454.9	+0.075%	$40.4M	$590.4M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,409.6	+0.022%	$5.17B	$9.87B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,420.5	+0.035%	$2.59B	$12.12B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,399	+0.010%	$3.8M	$17.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,406.8	+0.019%	$4.7M	$99.2M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,455.5	+0.076%	$679.5M	$683.6M	40x	as long as short
Gate BTC_USDTshort	+0.0100%	8h	85,415.8	+0.029%	$5.52B	$10.87B	200x
Backpack BTC_USDC_PERP	+0.0100%	1h	85,393.3	+0.003%	$36.5M	$177.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,465	+0.087%	$154.3M	$564.7M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,462	+0.083%	$279.2M	$932.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,483.8	+0.109%	$214.6M	$169.0M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,478.8	+0.103%	$139.7M	$316.3M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,483.8	+0.109%	$30.2M	$206.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,493.4	+0.120%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,409	+0.021%	$11.1M	$14.3M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,398.1	+0.009%	$2.5M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,443.4	+0.062%	$206K	$737K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,387.7	−0.004%	$30.0M	$50.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,383.3	−0.009%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,400.1	+0.011%	$2.26B	$949.1M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,387.3	−0.004%	$45.7M	$234.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,510.8	+0.141%	—	$106.6M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,438.4	+0.056%	$117.9M	$5.27B	50x	as long as short
Reya BTCRUSDPERP	+0.0106%	1h	85,402.3	+0.014%	$6.6M	$147.2M	40x	as long as short
Kraken Futures PF_XBTUSD	+0.0135%	1h	85,420.2	+0.034%	$187.7M	$956.7M	100x	as long as short
Kalshi KXBTCPERP	+0.0160%	8h	85,489	+0.115%	$11.4M	$751.8M	6.4x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,444.8	+0.063%	$8.7M	$42.9M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,421.1	+0.036%	$13.0M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	85,524.1	+0.156%	$701K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0246%	1h	85,485.6	+0.111%	$79K	$223K	20x	as long as short