data as of
Settings8H · net · $10k
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Funding arb /

BTC

all BTC markets
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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 spread now, next payment 15:00 UTC+0.0110%/8h
paid, last 24h−0.014%paid, last 7 days−0.103%to open and close $10k−$22
Long on BitgetShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BTCUSDT86,017.7−0.0010get 0.0010% / 8h1h 07m$2.96B$4.50B150x
ShortBackpack BTC_USDC_PERP85,977.40.0100get 0.0013% / 1h7m 18s$40.4M$100.8M75x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$23.1
Slippage, 4 orders
−$0.02
Fee Bitget: 6 bp × 2 orders
−$12
Fee Backpack: 5 bp × 2 orders
−$10
Net
$1.08
Break-even
6.7 days
Slippage from Bitget: live order book, 3 min ago; Backpack: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.047%
Avg gap 7d
−0.032%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago0.01 bp6.0 bp −$66.0 bp −$607.1 bp −$712doesn't fit
Sell Backpack live order book, 3 min ago0.01 bp5.0 bp −$55.0 bp −$505.7 bp −$56819.8 bp −$9,923

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0223%43m$436K$30.6M6.7xas long as short
edgeX BTCUSDC−0.0117%4h$282.4M$832.6M100xas long as short
01 Exchange BTCUSD−0.0112%1h$278K$2.3M50xas long as short
Aftermath Perps BTCUSD−0.0088%1h$87K$145K20xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Bluefin BTC-PERP−0.0046%1h$143K$403K40xas long as short
Reya BTCRUSDPERP−0.0027%1h$6.7M$137.4M40xas long as short
Phemex BTCUSDT−0.0025%8h$157.6M$387.0M150xas long as short
Bitget BTCUSDTlong−0.0010%8h$2.96B$4.50B150x
BingX BTC-USDT−0.0010%8h—$1.36B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate BTC_USDT−0.0009%8h$6.12B$9.05B200xas long as short
dYdX BTC-USD−0.0009%1h$16.8M$16.3M50xas long as short
ApeX Omni BTCUSDT0.0000%1h$138.7M$317.0M100xas long as short
Kalshi KXBTCPERP0.0000%8h$9.5M$535.2M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.9M—200xas long as short
SoDEX BTC-USD+0.0014%1h$61.3M$259.1M40xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
OKX BTC-USDT-SWAP+0.0039%8h$2.59B$11.20B100xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$185.7M$789.6M100xas long as short
Aster BTCUSDT+0.0044%8h$488.1M$1.08B200xas long as short
HTX BTC-USDT+0.0048%8h$2.30B$807.7M200xas long as short
KuCoin XBTUSDTM+0.0054%8h$786.7M$600.2M125xas long as short
Hibachi BTC/USDT-P+0.0056%1h$618K$7.2M30xas long as short
Bullet BTC-USD+0.0074%1h$246K$3.3M20xas long as short
Paradex BTC-USD-PERP+0.0079%8h$4.4M$6.5M50xas long as short
Popdex BTCUSDT+0.0080%1h$8.5M$42.9M100xas long as short
Aevo BTC-PERP+0.0080%1h$2.4M$1.6M20xas long as short
MEXC BTC_USDT+0.0082%8h$5.00B$4.92B500xas long as short
Binance BTCUSDT+0.0083%8h$9.58B$20.70B150xas long as short
Nado BTC-PERP+0.0091%1h$23.5M$229.6M50xas long as short
Lighter BTC+0.0096%1h$179.5M$898.2M50xas long as short
Lighter RH BTC+0.0096%1h$25.2M$138.1M50xas long as short
Katana Perps BTC-USD+0.0100%8h$192K$5.2M50xas long as short
Pacifica BTC+0.0100%1h$36.5M$331.3M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.14B$8.24B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.9M25xas long as short
Arcus BTC-USD+0.0100%1h$5.5M$80.1M40xas long as short
Backpack BTC_USDC_PERPshort+0.0100%1h$40.4M$100.8M75x
Variational Omni BTC+0.0100%8h$170.7M$477.0M—as long as short
StandX BTC-USD+0.0100%1h$30.8M$241.7M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.3M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.9M$11.1M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$7.1M100xas long as short
Derive BTC-PERP+0.0100%1h$29.5M$57.4M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.6M100xas long as short
Bulk BTC-USD+0.0100%1h$538.1M$61.1M40xas long as short
Extended BTC-USD+0.0104%1h$48.1M$205.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$88.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$148.1M$6.26B50xas long as short
Hyperliquid BTC+0.0157%1h$3.89B$4.23B40xas long as short
RISEx BTC/USDC+0.0178%1h$8.8M$38.3M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$304K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0198% / S −0.0177%1h$12.5M—200xas long as short
BloFin BTC-USDT+0.0203%8h$426.1M$506.1M150xas long as short
Deribit BTC-PERPETUAL+0.0420%1h$870.2M$998.3M50xas long as short