Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Bybit against Bullet+0.062%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Funding, last 3 days (all we have)−0.003%$0 on $10k
+Price spread, last 7 days−0.072%−$7 · spread now +0.062%, 7d avg −0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.068% dearer against Bullet than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet BTC-USD | 86,330.8 | 0.0100 | pay 0.0013% / 1h | 32m 00s | $192K | $3.3M | 20x |
| Short | Bybit BTCUSDT | 86,384.6 | 0.0100 | get 0.0100% / 8h | 7h 32m | $5.26B | $9.67B | 150x |
Bullet BTC-USD
Bybit BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bullet. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.062% → −0.006%
- $6.84
- Slippage, 4 orders
- −$2.05
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$14.2
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 2 min ago; Bybit: live order book, 2 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 Bullet live order book, 2 min ago | 0.12 bp | 4.6 bp −$5 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.01 bp | 5.5 bp −$6 | 5.5 bp −$55 | 6.1 bp −$609 | 7.9 bp −$3,936 |
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 | −0.0500% | 1h | 86,381.8 | +0.059% | $144K | $666K | 40x | as long as short |
| Phoenix BTC | −0.0129% | 1h | 86,337 | +0.007% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,330 | −0.001% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,303.8 | −0.031% | $360K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,312.5 | −0.021% | $483K | $21.6M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,353.3 | +0.026% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0020% | 8h | 86,374.8 | +0.051% | $500.9M | $1.14B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.032% | $343K | $26.9M | 52x | as long as short |
| dYdX BTC-USD | +0.0026% | 1h | 86,331.5 | +0.001% | $16.9M | $20.5M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0040% | 8h | 86,374.7 | +0.051% | $830.9M | $721.0M | 125x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Injective BTC/USDC PERP
dYdX BTC-USD
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0045% | 1h | 86,322.8 | −0.009% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDC | +0.0050% | 8h | 86,350.6 | +0.023% | — | $15.3M | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,312.9 | −0.021% | $8.3M | $42.5M | 25x | as long as short |
| Bitget BTCUSDT | +0.0062% | 8h | 86,376.8 | +0.053% | $2.97B | $5.04B | 150x | as long as short |
| HTX BTC-USDT | +0.0073% | 8h | 86,323.6 | −0.008% | $2.29B | $965.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0076% | 8h | 86,355.4 | +0.028% | $154.2M | $473.9M | 150x | as long as short |
| Binance BTCUSDT | +0.0077% | 8h | 86,377.5 | +0.054% | $9.40B | $24.30B | 150x | as long as short |
| MEXC BTC_USDT | +0.0077% | 8h | 86,373.1 | +0.049% | $5.13B | $5.69B | 500x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,329.1 | −0.002% | $2.5M | $1.7M | 20x | as long as short |
| SoDEX BTC-USD | +0.0096% | 1h | 86,349 | +0.021% | $60.4M | $338.2M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,364.1 | +0.039% | $170.5M | $985.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,366.9 | +0.042% | $23.7M | $149.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,298 | −0.038% | $8.4M | $51.9M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,279 | −0.060% | $202K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,336.3 | +0.006% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,336.8 | +0.007% | $22.0M | $228.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,417 | +0.100% | $3.79B | $5.00B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,351.2 | +0.024% | $40.7M | $551.7M | 50x | as long as short |
| Bybit BTCUSDTshort | +0.0100% | 8h | 86,384.6 | +0.062% | $5.26B | $9.67B | 150x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,388.9 | +0.067% | $2.56B | $12.50B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,312 | −0.022% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,331.2 | 0.000% | $7.2M | $94.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,348 | +0.020% | $573.1M | $19.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,364.9 | +0.040% | $5.80B | $10.53B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,354.9 | +0.028% | $37.6M | $156.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,400.1 | +0.080% | $158.2M | $561.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,352.6 | +0.025% | $278.9M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,334.3 | +0.004% | $216.8M | $165.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,397.4 | +0.077% | $141.7M | $321.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,355.2 | +0.028% | $30.7M | $209.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,357.1 | +0.031% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,324 | −0.008% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USDlong | +0.0100% | 1h | 86,330.8 | long leg | $192K | $3.3M | 20x | |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,346 | +0.018% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,375.4 | +0.052% | $30.5M | $58.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,325.6 | −0.006% | $3.4M | $5.2M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,366.2 | +0.041% | $45.9M | $222.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,325 | −0.007% | — | $98.7M | 500x | as long as short |
| Deribit BTC-PERPETUAL | +0.0115% | 1h | 86,392.1 | +0.071% | $902.8M | $1.51B | 50x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,393 | +0.072% | $132.1M | $5.41B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,383.1 | +0.061% | $192.4M | $942.3M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0165% | 1h | 86,386 | +0.064% | $77K | $217K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,382.3 | +0.060% | $710K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0197% | 8h | 86,325.8 | −0.006% | $415.7M | $645.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0204% / S −0.0218% | 1h | 86,352 | +0.025% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 86,340 | +0.011% | $10.2M | $763.8M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
RISEx BTC/USDC
Bitget BTCUSDT
HTX BTC-USDT
Phemex BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Deribit BTC-PERPETUAL
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP