BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0135%/8h= +14.8% APRnext payment +$1.35 per $10,000 · paid last 24h −0.015%

Price spread now: BloFin against Bitget+0.107%115s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.240% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.107%, 7d avg +0.002%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.105% dearer against Bitget than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BTCUSDT	86,332.3	0.0062	pay 0.0062% / 8h	7h 35m	$2.97B	$5.04B	150x
Short	BloFin BTC-USDT	86,425.1	0.0197	get 0.0197% / 8h	7h 35m	$416.3M	$648.1M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.107%Rate

Funding earned: $28.44
Price spread: +0.107% → +0.002%: $10.51
Slippage, 4 orders: −$0.04
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $14.91
Costs to cover: 0.240%
Break-even: 3.3 days

Slippage from Bitget: live order book, 4 min ago; BloFin: 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 Bitget live order book, 4 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	7.5 bp −$747	8.5 bp −$4,260
Sell BloFin live order book, 4 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	7.0 bp −$701	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
Bluefin BTC-PERP	−0.0645%	1h	86,350.4	+0.021%	$144K	$666K	40x	as long as short
Phoenix BTC	−0.0129%	1h	86,435	+0.119%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,414	+0.095%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,349.5	+0.020%	$361K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,381.4	+0.057%	$497K	$21.8M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,352	+0.023%	$36.9M	—	200x	as long as short
Phemex BTCUSDT	+0.0017%	8h	86,418.1	+0.099%	$154.0M	$474.0M	150x	as long as short
Aster BTCUSDT	+0.0021%	8h	86,353.2	+0.024%	$500.8M	$1.14B	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,430	+0.113%	$333K	$26.9M	52x	as long as short
dYdX BTC-USD	+0.0026%	1h	86,393.1	+0.070%	$16.9M	$20.5M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XBTUSDTM	+0.0038%	8h	86,343.7	+0.013%	$830.4M	$721.5M	125x	as long as short
Reya BTCRUSDPERP	+0.0044%	1h	86,332.8	+0.001%	$6.7M	$145.7M	40x	as long as short
BingX BTC-USDC	+0.0050%	8h	86,324.3	−0.009%	—	$15.3M	—	as long as short
Deribit BTC-PERPETUAL	+0.0052%	1h	86,375.9	+0.050%	$903.2M	$1.51B	50x	as long as short
RISEx BTC/USDC	+0.0052%	1h	86,347.1	+0.017%	$8.3M	$42.5M	25x	as long as short
Bitget BTCUSDTlong	+0.0062%	8h	86,332.3	long leg	$2.97B	$5.04B	150x
MEXC BTC_USDT	+0.0077%	8h	86,328	−0.005%	$5.13B	$5.69B	500x	as long as short
Binance BTCUSDT	+0.0078%	8h	86,329.2	−0.004%	$9.40B	$24.31B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	86,327.5	−0.006%	$2.5M	$1.7M	20x	as long as short
Lighter BTC	+0.0096%	1h	86,366.5	+0.040%	$170.4M	$984.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,384.6	+0.061%	$23.7M	$149.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,345	+0.015%	$8.4M	$52.0M	100x	as long as short
SoDEX BTC-USD	+0.0096%	1h	86,336	+0.004%	$60.4M	$338.2M	40x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,325	−0.008%	$203K	$7.2M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,395.6	+0.073%	$4.4M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,369.9	+0.043%	$22.0M	$228.9M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,401	+0.080%	$3.79B	$4.99B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,396.8	+0.075%	$40.7M	$551.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,344.5	+0.014%	$5.25B	$9.67B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,349.9	+0.020%	$2.56B	$12.49B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,372	+0.046%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,383.8	+0.060%	$7.2M	$95.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,348	+0.018%	$573.1M	$19.8M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	86,337.3	+0.006%	$5.81B	$10.53B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,409.3	+0.089%	$37.6M	$155.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,400.1	+0.078%	$158.2M	$561.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,397.1	+0.075%	$279.1M	$950.2M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,397.9	+0.076%	$217.0M	$165.4M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,397.4	+0.075%	$141.7M	$321.3M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,386.3	+0.062%	$30.7M	$208.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,395.5	+0.073%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,334	+0.002%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,333.7	+0.002%	$193K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,330.1	−0.003%	$2.4M	$8.9M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,365.3	+0.038%	$30.5M	$58.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,429	+0.112%	$3.4M	$5.2M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,395	+0.073%	$2.29B	$964.8M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,326.2	−0.007%	$45.9M	$222.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,351.4	+0.022%	—	$98.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,462	+0.150%	$132.2M	$5.44B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,367.6	+0.041%	$192.1M	$941.6M	100x	as long as short
Hibachi BTC/USDT-P	+0.0160%	1h	86,449.8	+0.136%	$711K	$8.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0165%	1h	86,412.6	+0.093%	$77K	$217K	20x	as long as short
BloFin BTC-USDTshort	+0.0197%	8h	86,425.1	+0.107%	$416.3M	$648.1M	150x
GMX BTC/USD [WBTC.b-USDC]	L +0.0204% / S −0.0218%	1h	86,346.6	+0.017%	$14.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0210%	8h	86,455	+0.142%	$10.0M	$761.6M	6.4x	as long as short