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 16:00 UTC+0.0004%/8h
next payment, per $10,000+$0.00paid, last 24h+0.001%paid, last 3 days+0.118%to open and close $10k−$12
Long on BulkShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BTC-USD85,950.50.0100pay 0.0013% / 1h55m 05s$541.8M$78.7M40x
ShortExtended BTC-USD85,868.70.0104get 0.0013% / 1h55m 05s$48.2M$206.4M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0.84
Slippage, 4 orders
−$0.17
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$11.33
Break-even
101.4 days
Slippage from Bulk: live order book, 1 min ago; Extended: live order book, 6 min ago.

Price risk

price view
Price gap now
−0.095%
Avg gap 7d
−0.036%
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 Bulk live order book, 1 min ago0.03 bp3.5 bp −$43.5 bp −$353.7 bp −$3705.0 bp −$2,478
Sell Extended live order book, 6 min ago0.06 bp2.6 bp −$32.6 bp −$263.3 bp −$33318.7 bp −$9,350

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni BTCUSDT−0.0408%1h$139.6M$317.6M100xas long as short
Perpl BTC−0.0223%43m$462K$30.4M6.7xas long as short
01 Exchange BTCUSD−0.0120%1h$283K$2.4M50xas long as short
edgeX BTCUSDC−0.0106%4h$278.0M$848.6M100xas long as short
Phoenix BTC−0.0086%1h$1.6M$10.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$3K50xas long as short
Aftermath Perps BTCUSD−0.0080%1h$87K$149K20xas long as short
Reya BTCRUSDPERP−0.0025%1h$6.7M$137.5M40xas long as short
Phemex BTCUSDT−0.0023%8h$157.6M$390.3M150xas long as short
Gate BTC_USDT−0.0008%8h$6.13B$9.03B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDC−0.0008%8h—$14.7M—as long as short
Bitget BTCUSDT−0.0007%8h$2.95B$4.54B150xas long as short
dYdX BTC-USD0.0000%1h$16.7M$16.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.8M—200xas long as short
SoDEX BTC-USD+0.0015%1h$61.2M$259.1M40xas long as short
OKX BTC-USDT-SWAP+0.0035%8h$2.60B$11.27B100xas long as short
Aster BTCUSDT+0.0045%8h$488.6M$1.10B200xas long as short
KuCoin XBTUSDTM+0.0051%8h$792.4M$608.9M125xas long as short
HTX BTC-USDT+0.0053%8h$2.30B$812.3M200xas long as short
Kraken Futures PF_XBTUSD+0.0071%1h$184.0M$795.8M100xas long as short
MEXC BTC_USDT+0.0079%8h$5.03B$4.89B500xas long as short
Binance BTCUSDT+0.0079%8h$9.57B$20.96B150xas long as short
Paradex BTC-USD-PERP+0.0080%8h$4.4M$6.5M50xas long as short
Aevo BTC-PERP+0.0080%1h$2.4M$1.6M20xas long as short
Lighter BTC+0.0096%1h$179.2M$885.9M50xas long as short
Lighter RH BTC+0.0096%1h$25.2M$134.6M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.5M$43.6M100xas long as short
Katana Perps BTC-USD+0.0100%8h$190K$5.3M50xas long as short
Nado BTC-PERP+0.0100%1h$23.6M$229.4M50xas long as short
Pacifica BTC+0.0100%1h$36.5M$337.2M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.15B$8.31B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$16.1M25xas long as short
Arcus BTC-USD+0.0100%1h$5.4M$81.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.2M$102.9M75xas long as short
Variational Omni BTC+0.0100%8h$171.7M$501.4M—as long as short
StandX BTC-USD+0.0100%1h$30.7M$240.5M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.0M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.9M$11.4M50xas long as short
Bullet BTC-USD+0.0100%1h$244K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$7.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h$143K$404K40xas long as short
Derive BTC-PERP+0.0100%1h$30.2M$58.4M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.6M100xas long as short
Bulk BTC-USDlong+0.0100%1h$541.8M$78.7M40x
Kalshi KXBTCPERP+0.0100%8h$10.3M$547.4M6.4xas long as short
Extended BTC-USDshort+0.0104%1h$48.2M$206.4M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$86.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h$150.0M$6.24B50xas long as short
Injective BTC/USDC PERP+0.0108%1h$304K$27.0M52xas long as short
Hibachi BTC/USDT-P+0.0112%1h$627K$7.3M30xas long as short
RISEx BTC/USDC+0.0128%1h$8.7M$38.2M25xas long as short
BloFin BTC-USDT+0.0183%8h$425.5M$526.5M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0198% / S −0.0178%1h$12.5M—200xas long as short
Hyperliquid BTC+0.0349%1h$3.90B$4.30B40xas long as short
Deribit BTC-PERPETUAL+0.0452%1h$877.3M$1.02B50xas long as short