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−0.0046%/8h
next payment, per $10,000−$0.46paid, last 24h+0.003%paid, last 7 days+0.022%to open and close $10k−$21
Long on BybitShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BTCUSDT85,401.10.0100pay 0.0100% / 8h1h 42m$5.06B$7.83B150x
ShortOKX BTC-USDT-SWAP85,369.60.0054get 0.0054% / 8h1h 42m$2.56B$10.68B100x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$9.57
Slippage, 4 orders
−$0.02
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$30.59
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.037%
Avg gap 7d
+0.001%
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, 4 min ago0.01 bp5.5 bp −$65.5 bp −$556.7 bp −$6688.3 bp −$4,128
Sell OKX live order book, 4 min ago0.01 bp5.0 bp −$55.0 bp −$506.3 bp −$6267.6 bp −$3,811

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.1322%1h$142K$400K40xas long as short
Perpl BTC−0.0447%43m$402K$31.2M6.7xas long as short
ApeX Omni BTCUSDT−0.0144%1h$137.7M$316.5M100xas long as short
edgeX BTCUSDC−0.0118%4h$282.4M$796.3M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
01 Exchange BTCUSD−0.0072%1h$279K$2.3M50xas long as short
Aftermath Perps BTCUSD−0.0061%1h$83K$140K20xas long as short
Reya BTCRUSDPERP−0.0033%1h$6.8M$137.4M40xas long as short
Gate BTC_USDT−0.0018%8h$6.05B$8.52B200xas long as short
Phemex BTCUSDT−0.0015%8h$157.5M$374.2M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDC−0.0011%8h—$14.4M—as long as short
Bitget BTCUSDT−0.0010%8h$2.96B$4.28B150xas long as short
dYdX BTC-USD0.0000%1h$16.1M$13.8M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.6M$502.4M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.5M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
Derive BTC-PERP+0.0031%1h$28.2M$54.4M15xas long as short
HTX BTC-USDT+0.0032%8h$2.29B$782.8M200xas long as short
Aster BTCUSDT+0.0037%8h$491.8M$1.02B200xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$187.9M$751.4M100xas long as short
SoDEX BTC-USD+0.0043%1h$61.2M$234.5M40xas long as short
OKX BTC-USDT-SWAPshort+0.0054%8h$2.56B$10.68B100x
KuCoin XBTUSDTM+0.0064%8h$802.6M$577.3M125xas long as short
Nado BTC-PERP+0.0074%1h$24.0M$222.0M50xas long as short
Paradex BTC-USD-PERP+0.0082%8h$4.3M$6.5M50xas long as short
MEXC BTC_USDT+0.0092%8h$4.91B$4.66B500xas long as short
Binance BTCUSDT+0.0093%8h$9.54B$19.63B150xas long as short
Bullet BTC-USD+0.0093%1h$247K$3.3M20xas long as short
Lighter BTC+0.0096%1h$182.0M$853.5M50xas long as short
Lighter RH BTC+0.0096%1h$25.5M$132.0M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.4M$40.7M100xas long as short
Aevo BTC-PERP+0.0096%1h$2.4M$1.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h$203K$5.0M50xas long as short
Pacifica BTC+0.0100%1h$36.7M$312.3M50xas long as short
Bybit BTCUSDTlong+0.0100%8h$5.06B$7.83B150x
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.6M25xas long as short
Arcus BTC-USD+0.0100%1h$6.1M$77.4M40xas long as short
Bulk BTC-USD+0.0100%1h$533.0M$59.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.3M$100.8M75xas long as short
Variational Omni BTC+0.0100%8h$172.0M$467.0M—as long as short
StandX BTC-USD+0.0100%1h$30.5M$246.6M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.8M$10.6M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$6.7M100xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.3M100xas long as short
Extended BTC-USD+0.0104%1h$47.3M$200.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$85.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$142.3M$6.14B50xas long as short
Hyperliquid BTC+0.0120%1h$3.85B$4.10B40xas long as short
Hibachi BTC/USDT-P+0.0152%1h$591K$7.4M30xas long as short
RISEx BTC/USDC+0.0178%1h$8.7M$36.6M25xas 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 −0.0210%1h$13.1M—200xas long as short
BloFin BTC-USDT+0.0213%8h$422.2M$480.5M150xas long as short
Deribit BTC-PERPETUAL+0.0334%1h$849.7M$926.7M50xas long as short