data as of
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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 14:00 UTC−0.0155%/8h
paid, last 24h+0.082%paid, last 7 days+0.144%to open and close $10k−$143
Long on BluefinShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin BTC-PERP85,029.80.0100pay 0.0013% / 1h32m 48s$142K$355K40x
ShortGate BTC_USDT84,995.2−0.0055pay 0.0055% / 8h2h 32m$6.02B$7.81B200x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$32.55
Slippage, 4 orders
−$120.94
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$175.49
Break-even
never at this rate
Slippage from Bluefin: live order book, 28 min ago; Gate: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.041%
Avg gap 7d
+0.025%
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 Bluefin live order book, 28 min ago60.46 bp64.0 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 3 min ago0.01 bp7.5 bp −$87.8 bp −$789.4 bp −$94313.1 bp −$6,549

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$409K$31.8M6.7xas long as short
ApeX Omni BTCUSDT−0.0209%1h$137.1M$313.9M100xas long as short
edgeX BTCUSDC−0.0111%4h$283.1M$734.9M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$2K50xas long as short
Gate BTC_USDTshort−0.0055%8h$6.02B$7.81B200x
Reya BTCRUSDPERP−0.0047%1h$6.8M$128.8M40xas long as short
Injective BTC/USDC PERP−0.0036%1h$322K$27.0M52xas long as short
01 Exchange BTCUSD−0.0032%1h$314K$2.1M50xas long as short
Bitget BTCUSDT−0.0015%8h$2.92B$3.96B150xas long as short
BingX BTC-USDC−0.0014%8h—$15.1M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX BTC-USDT−0.0004%8h$2.28B$726.6M200xas long as short
Aftermath Perps BTCUSD−0.0003%1h$83K$136K20xas long as short
dYdX BTC-USD0.0000%1h$16.1M$13.4M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.7M$448.4M6.4xas long as short
SoDEX BTC-USD+0.0001%1h$60.9M$233.3M40xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.4M—200xas long as short
Backpack BTC_USDC_PERP+0.0039%1h$39.8M$102.4M75xas long as short
Phemex BTCUSDT+0.0040%8h$163.0M$353.4M150xas long as short
Aster BTCUSDT+0.0052%8h$489.3M$867.7M200xas long as short
Popdex BTCUSDT+0.0056%1h$8.4M$36.5M100xas long as short
OKX BTC-USDT-SWAP+0.0072%8h$2.55B$9.88B100xas long as short
Nado BTC-PERP+0.0074%1h$22.8M$204.3M50xas long as short
KuCoin XBTUSDTM+0.0078%8h$803.7M$544.6M125xas long as short
Bullet BTC-USD+0.0082%1h$227K$3.3M20xas long as short
RISEx BTC/USDC+0.0090%1h$7.8M$35.1M25xas long as short
Lighter BTC+0.0096%1h$188.5M$773.5M50xas long as short
Lighter RH BTC+0.0096%1h$24.9M$122.0M50xas long as short
Aevo BTC-PERP+0.0096%1h$2.4M$1.7M20xas long as short
Paradex BTC-USD-PERP+0.0097%8h$4.3M$6.5M50xas long as short
StandX BTC-USD+0.0098%1h$30.3M$249.1M40xas long as short
Katana Perps BTC-USD+0.0100%8h$225K$4.5M50xas long as short
Pacifica BTC+0.0100%1h$36.4M$289.3M50xas long as short
Binance BTCUSDT+0.0100%8h$9.49B$17.83B150xas long as short
Bybit BTCUSDT+0.0100%8h$5.04B$7.14B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$14.8M25xas long as short
Arcus BTC-USD+0.0100%1h$6.4M$72.2M40xas long as short
MEXC BTC_USDT+0.0100%8h$5.07B$4.31B500xas long as short
Variational Omni BTC+0.0100%8h$171.5M$441.5M—as long as short
Vest BTC-PERP+0.0100%1h—$12.4M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.7M$9.7M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.3M$6.3M100xas long as short
Bluefin BTC-PERPlong+0.0100%1h$142K$355K40x
Derive BTC-PERP+0.0100%1h$26.1M$49.8M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.0M100xas long as short
Bulk BTC-USD+0.0100%1h$531.7M$81.4M40xas long as short
Extended BTC-USD+0.0104%1h$46.9M$173.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$79.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h$139.6M$5.86B50xas long as short
Kraken Futures PF_XBTUSD+0.0124%1h$185.0M$696.0M100xas long as short
Phoenix BTC+0.0126%1h$1.5M$10.3M40xas long as short
Hyperliquid BTC+0.0156%1h$3.83B$3.78B40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0190% / S −0.0195%1h$12.9M—200xas long as short
BloFin BTC-USDT+0.0225%8h$419.2M$403.1M150xas long as short
Hibachi BTC/USDT-P+0.0232%1h$604K$7.5M30xas long as short
Deribit BTC-PERPETUAL+0.0325%1h$829.4M$850.9M50xas long as short