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 15:00 UTC−0.0167%/8h
paid, last 24h+0.033%paid, last 3 days−0.004%to open and close $10k−$31
Long on BybitShort on Aftermath Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BTCUSDT85,628.60.0100pay 0.0100% / 8h1h 33m$5.09B$7.91B150x
ShortAftermath Perps BTCUSD85,528.4−0.0067pay 0.0008% / 1h33m 28s$85K$142K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$35.1
Slippage, 4 orders
−$10.78
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$65.89
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Aftermath Perps: live order book, 7 min ago.

Price risk

price view
Price gap now
−0.117%
Avg gap 7d
+0.026%
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 Bybit live order book, 2 min ago0.01 bp5.5 bp −$65.5 bp −$556.0 bp −$5957.3 bp −$3,642
Sell Aftermath Perps live order book, 7 min ago1.08 bp9.1 bp −$912.6 bp −$126doesn't fitdoesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.0714%1h$143K$401K40xas long as short
Perpl BTC−0.0447%43m$398K$31.0M6.7xas long as short
01 Exchange BTCUSD−0.0096%1h$281K$2.3M50xas long as short
edgeX BTCUSDC−0.0095%4h$285.1M$806.4M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Aftermath Perps BTCUSDshort−0.0067%1h$85K$142K20x
ApeX Omni BTCUSDT−0.0056%1h$138.5M$316.6M100xas long as short
Reya BTCRUSDPERP−0.0032%1h$6.8M$137.1M40xas long as short
Gate BTC_USDT−0.0012%8h$6.08B$8.64B200xas long as short
Phemex BTCUSDT−0.0011%8h$158.2M$376.7M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDT−0.0010%8h—$1.30B—as long as short
Bitget BTCUSDT−0.0009%8h$2.97B$4.32B150xas long as short
dYdX BTC-USD0.0000%1h$16.7M$14.7M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.8M$508.7M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.6M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
SoDEX BTC-USD+0.0028%1h$61.3M$234.7M40xas long as short
HTX BTC-USDT+0.0038%8h$2.29B$784.3M200xas long as short
Aster BTCUSDT+0.0041%8h$489.6M$1.03B200xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$186.7M$757.6M100xas long as short
OKX BTC-USDT-SWAP+0.0051%8h$2.58B$10.81B100xas long as short
Nado BTC-PERP+0.0062%1h$24.3M$223.1M50xas long as short
KuCoin XBTUSDTM+0.0064%8h$805.4M$581.2M125xas long as short
Bullet BTC-USD+0.0071%1h$247K$3.3M20xas long as short
Paradex BTC-USD-PERP+0.0082%8h$4.3M$6.5M50xas long as short
Aevo BTC-PERP+0.0088%1h$2.4M$1.7M20xas long as short
Binance BTCUSDT+0.0090%8h$9.58B$19.84B150xas long as short
MEXC BTC_USDT+0.0091%8h$4.97B$4.73B500xas long as short
Lighter BTC+0.0096%1h$179.8M$867.0M50xas long as short
Lighter RH BTC+0.0096%1h$25.5M$132.9M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.4M$41.1M100xas long as short
Hibachi BTC/USDT-P+0.0096%1h$601K$7.2M30xas long as short
Katana Perps BTC-USD+0.0100%8h$197K$5.0M50xas long as short
Pacifica BTC+0.0100%1h$36.6M$317.3M50xas long as short
Bybit BTCUSDTlong+0.0100%8h$5.09B$7.91B150x
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.6M25xas long as short
Arcus BTC-USD+0.0100%1h$6.1M$77.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.4M$100.5M75xas long as short
Variational Omni BTC+0.0100%8h$173.7M$466.2M—as long as short
StandX BTC-USD+0.0100%1h$30.6M$245.3M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.8M$10.7M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$6.8M100xas long as short
Derive BTC-PERP+0.0100%1h$28.5M$55.9M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.4M100xas long as short
Bulk BTC-USD+0.0100%1h$535.4M$59.7M40xas long as short
Extended BTC-USD+0.0104%1h$47.4M$201.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$86.4M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$143.2M$6.16B50xas long as short
Hyperliquid BTC+0.0132%1h$3.86B$4.11B40xas long as short
RISEx BTC/USDC+0.0178%1h$8.6M$36.8M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$306K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0198% / S −0.0201%1h$13.2M—200xas long as short
BloFin BTC-USDT+0.0211%8h$422.5M$486.2M150xas long as short
Deribit BTC-PERPETUAL+0.0367%1h$854.1M$948.6M50xas long as short