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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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 you earn now, next payment 00:00 UTC−0.0079%/8h= −8.7% APRnext payment −$0.79 per $10,000 · paid last 24h +0.036%
Price spread now: SunX against BloFin+0.002%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Long on BloFinShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.002%, 7d avg −0.008%
Together, before fees−0.003%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BTC-USDT86,599.90.0179pay 0.0179% / 8h1h 44m$415.4M$653.3M150x
ShortSunX BTC-USDT86,601.90.0100get 0.0100% / 8h1h 44m$3.4M$5.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against BloFin. 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
−$16.63
Price spread: +0.002% → −0.008%
$0.99
Slippage, 4 orders
−$2.69
Fee BloFin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$38.34
Costs to cover
0.227%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; SunX: live order book, 4 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 BloFin live order book, 5 min ago0.08 bp6.1 bp −$66.5 bp −$657.0 bp −$7018.3 bp −$4,169
Sell SunX live order book, 4 min ago0.96 bp5.5 bp −$66.3 bp −$638.7 bp −$87012.2 bp −$6,077

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
Bluefin BTC-PERP−0.1446%1h86,625.8+0.030%$141K$618K40xas long as short
Aftermath Perps BTCUSD−0.0182%1h86,586.7−0.015%$79K$199K20xas long as short
Phoenix BTC−0.0159%1h86,518−0.095%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,608+0.009%$9K$3K50xas long as short
dYdX BTC-USD−0.0015%1h86,635.5+0.041%$17.5M$20.3M50xas long as short
Aster BTCUSDT−0.0007%8h86,582.1−0.021%$505.5M$1.15B200xas long as short
01 Exchange BTCUSD0.0000%1h86,615.1+0.018%$359K$2.4M50xas long as short
Perpl BTC0.0000%43m86,628.4+0.033%$421K$24.1M6.7xas long as short
KuCoin XBTUSDTM+0.0002%8h86,583.5−0.019%$852.1M$708.2M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,626.7+0.031%$36.8M—200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0006%1h86,605.8+0.007%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,594.5−0.006%$6.7M$144.7M40xas long as short
Phemex BTCUSDT+0.0024%8h86,595−0.006%$149.6M$473.0M150xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559−0.047%$315K$26.8M52xas long as short
Hibachi BTC/USDT-P+0.0024%1h86,594.3−0.006%$734K$8.1M30xas long as short
BingX BTC-USDT+0.0031%8h86,597.8−0.002%—$1.59B—as long as short
Deribit BTC-PERPETUAL+0.0035%1h86,640.4+0.047%$925.1M$1.47B50xas long as short
Bitget BTCUSDT+0.0040%8h86,597.3−0.003%$2.95B$5.07B150xas long as short
Aevo BTC-PERP+0.0056%1h86,594−0.007%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0059%8h86,599.50.000%$5.18B$5.63B500xas long as short
Binance BTCUSDT+0.0060%8h86,599.60.000%$9.43B$24.31B150xas long as short
Gate BTC_USDT+0.0083%8h86,592.7−0.008%$5.86B$10.63B200xas long as short
Bybit BTCUSDT+0.0088%8h86,600.5+0.001%$5.28B$9.71B150xas long as short
SoDEX BTC-USD+0.0089%1h86,6000.000%$60.5M$336.9M40xas long as short
Lighter BTC+0.0096%1h86,590.6−0.011%$172.4M$998.9M50xas long as short
Lighter RH BTC+0.0096%1h86,603+0.004%$24.1M$151.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,612+0.014%$8.5M$52.2M100xas long as short
Nado BTC-PERP+0.0098%1h86,592.9−0.008%$21.8M$233.4M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,582−0.021%$206K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,626.8+0.031%$4.7M$8.3M50xas long as short
Hyperliquid BTC+0.0100%1h86,663.1+0.073%$3.81B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,622.7+0.026%$40.9M$504.7M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,599.90.000%$2.55B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,589−0.013%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,666+0.076%$7.4M$93.9M40xas long as short
Bulk BTC-USD+0.0100%1h86,527.4−0.084%$571.7M$19.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,587.6−0.014%$38.2M$152.8M75xas long as short
Variational Omni BTC+0.0100%8h86,560.2−0.046%$156.7M$569.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,551.4−0.056%$279.5M$943.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,562.1−0.044%$217.2M$180.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,583.3−0.019%$141.5M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,567.6−0.037%$30.7M$202.9M40xas long as short
Vest BTC-PERP+0.0100%1h86,652.9+0.061%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,616+0.019%$11.1M$13.5M50xas long as short
Bullet BTC-USD+0.0100%1h86,609.5+0.011%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,609.3+0.011%$2.5M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,601.1+0.001%$30.0M$61.6M15xas long as short
SunX BTC-USDTshort+0.0100%8h86,601.9+0.002%$3.4M$5.4M100x
HTX BTC-USDT+0.0100%8h86,602.7+0.003%$2.30B$958.6M200xas long as short
Extended BTC-USD+0.0104%1h86,583.7−0.019%$46.4M$224.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,597.9−0.002%—$98.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,641+0.047%$131.8M$5.74B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,633.6+0.039%$191.4M$936.7M100xas long as short
BloFin BTC-USDTlong+0.0179%8h86,599.9long leg$415.4M$653.3M150x
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,621.5+0.025%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0189%8h86,628+0.032%$9.6M$726.1M6.4xas long as short