data as of
Settings8H · net · $10k
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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 17:00 UTC−0.0170%/8h
paid, last 24h−0.043%paid, last 7 days−0.030%to open and close $10k−$17
Long on DeribitShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BTC-PERPETUAL85,820.50.0166pay 0.0021% / 1h17m 17s$911.5M$1.12B50x
ShortBingX BTC-USDC85,724.4−0.0004pay 0.0004% / 8h7h 17m—$14.7M—

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$35.71
Slippage, 4 orders
−$0.09
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee BingX: 5 bp × 2 orders
−$10
Net
−$52.8
Break-even
never at this rate
Slippage from Deribit: live order book, 3 min ago; BingX: live order book, 12 min ago.

Price risk

price view
Price gap now
−0.112%
Avg gap 7d
−0.068%
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 Deribit live order book, 3 min ago0.03 bp3.5 bp −$43.5 bp −$355.2 bp −$52010.5 bp −$5,236
Sell BingX live order book, 12 min ago0.02 bp5.0 bp −$55.8 bp −$587.3 bp −$7328.8 bp −$4,413

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.8000%1h$142K$367K40xas long as short
Perpl BTC−0.0335%43m$392K$27.9M6.7xas long as short
Injective BTC/USDC PERP−0.0137%1h$308K$27.0M52xas long as short
Phoenix BTC−0.0116%1h$1.9M$11.4M40xas long as short
BloFin BTC-USDT−0.0081%8h$422.0M$561.1M150xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$4K50xas long as short
01 Exchange BTCUSD−0.0056%1h$291K$2.4M50xas long as short
ApeX Omni BTCUSDT−0.0046%1h$138.2M$317.6M100xas long as short
SoDEX BTC-USD−0.0040%1h$60.7M$283.9M40xas long as short
Kraken Futures PF_XBTUSD−0.0040%1h$187.6M$812.0M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Reya BTCRUSDPERP−0.0019%1h$6.7M$138.1M40xas long as short
Bitget BTCUSDT−0.0004%8h$2.97B$4.65B150xas long as short
BingX BTC-USDCshort−0.0004%8h—$14.7M—
dYdX BTC-USD0.0000%1h$17.1M$17.6M50xas long as short
Bybit BTCUSDT+0.0002%8h$5.22B$8.54B150xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.7M—200xas long as short
KuCoin XBTUSDTM+0.0007%8h$791.2M$611.2M125xas long as short
OKX BTC-USDT-SWAP+0.0014%8h$2.65B$11.51B100xas long as short
Phemex BTCUSDT+0.0016%8h$147.8M$413.5M150xas long as short
Bulk BTC-USD+0.0019%1h$558.8M$146.4M40xas long as short
Aster BTCUSDT+0.0022%8h$498.8M$1.11B200xas long as short
MEXC BTC_USDT+0.0037%8h$5.11B$5.25B500xas long as short
Binance BTCUSDT+0.0038%8h$9.47B$21.86B150xas long as short
Extended BTC-USD+0.0040%1h$48.8M$202.6M50xas long as short
Aevo BTC-PERP+0.0040%1h$2.4M$1.4M20xas long as short
Gate BTC_USDT+0.0046%8h$6.05B$9.49B200xas long as short
Aftermath Perps BTCUSD+0.0068%1h$87K$149K20xas long as short
StandX BTC-USD+0.0073%1h$30.5M$229.9M40xas long as short
Bullet BTC-USD+0.0084%1h$231K$3.3M20xas long as short
Variational Omni BTC+0.0084%8h$172.3M$505.1M—as long as short
Paradex BTC-USD-PERP+0.0093%8h$4.4M$6.8M50xas long as short
Lighter BTC+0.0096%1h$171.8M$933.6M50xas long as short
Lighter RH BTC+0.0096%1h$24.6M$135.7M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.5M$46.3M100xas long as short
Derive BTC-PERP+0.0097%1h$30.3M$60.4M15xas long as short
Katana Perps BTC-USD+0.0100%8h$202K$5.6M50xas long as short
Nado BTC-PERP+0.0100%1h$23.7M$225.7M50xas long as short
Pacifica BTC+0.0100%1h$36.6M$378.6M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$16.2M25xas long as short
Arcus BTC-USD+0.0100%1h$6.5M$84.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$37.6M$119.4M75xas long as short
edgeX BTCUSDC+0.0100%4h$277.5M$892.7M100xas long as short
Vest BTC-PERP+0.0100%1h—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$11.0M$11.5M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$7.3M100xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.9M100xas long as short
HTX BTC-USDT+0.0100%8h$2.28B$839.6M200xas long as short
Kalshi KXBTCPERP+0.0103%8h$14.4M$607.7M6.4xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$86.6M500xas long as short
Hibachi BTC/USDT-P+0.0112%1h$732K$7.4M30xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$127.6M$6.08B50xas long as short
Hyperliquid BTC+0.0117%1h$3.88B$4.37B40xas long as short
RISEx BTC/USDC+0.0132%1h$9.1M$38.5M25xas long as short
Deribit BTC-PERPETUALlong+0.0166%1h$911.5M$1.12B50x
GMX BTC/USD [WBTC.b-USDC]L +0.0171% / S −0.0148%1h$12.4M—200xas long as short