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+0.0104%/8h
next payment, per $10,000+$0.13paid, last 24h+0.037%paid, last 7 days+0.175%to open and close $10k−$24
Long on dYdXShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BTC-USD85,229.10get 0.0000% / 1h46m 14s$16.1M$13.8M50x
ShortExtended BTC-USD85,216.90.0104get 0.0013% / 1h46m 14s$47.1M$199.9M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$21.84
Slippage, 4 orders
−$8.56
Fee dYdX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$1.72
Break-even
7.6 days
Slippage from dYdX: live order book, 4 min ago; Extended: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.014%
Avg gap 7d
−0.034%
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 dYdX live order book, 4 min ago3.75 bp8.8 bp −$99.4 bp −$9412.3 bp −$1,22829.6 bp −$14.8K
Sell Extended live order book, 4 min ago0.06 bp2.6 bp −$32.6 bp −$262.9 bp −$2899.3 bp −$4,662

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.1890%1h$142K$400K40xas long as short
Perpl BTC−0.0447%43m$430K$31.4M6.7xas long as short
ApeX Omni BTCUSDT−0.0168%1h$137.2M$315.7M100xas long as short
edgeX BTCUSDC−0.0106%4h$281.8M$791.6M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Aftermath Perps BTCUSD−0.0054%1h$83K$140K20xas long as short
01 Exchange BTCUSD−0.0048%1h$279K$2.3M50xas long as short
Reya BTCRUSDPERP−0.0034%1h$6.8M$136.8M40xas long as short
Gate BTC_USDT−0.0018%8h$6.01B$8.48B200xas long as short
Derive BTC-PERP−0.0017%1h$27.9M$54.7M15xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDC−0.0011%8h—$14.4M—as long as short
Phemex BTCUSDT−0.0010%8h$157.9M$372.7M150xas long as short
Bitget BTCUSDT−0.0010%8h$2.95B$4.27B150xas long as short
dYdX BTC-USDlong0.0000%1h$16.1M$13.8M50x
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.4M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
HTX BTC-USDT+0.0029%8h$2.28B$778.9M200xas long as short
Aster BTCUSDT+0.0041%8h$490.7M$999.2M200xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$186.6M$747.9M100xas long as short
OKX BTC-USDT-SWAP+0.0056%8h$2.56B$10.64B100xas long as short
SoDEX BTC-USD+0.0060%1h$61.1M$234.5M40xas long as short
KuCoin XBTUSDTM+0.0067%8h$801.5M$575.8M125xas long as short
Paradex BTC-USD-PERP+0.0084%8h$4.3M$6.5M50xas long as short
Binance BTCUSDT+0.0094%8h$9.50B$19.49B150xas long as short
MEXC BTC_USDT+0.0095%8h$4.91B$4.64B500xas long as short
Lighter BTC+0.0096%1h$181.6M$849.1M50xas long as short
Lighter RH BTC+0.0096%1h$25.4M$131.6M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.4M$40.4M100xas long as short
Aevo BTC-PERP+0.0096%1h$2.4M$1.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h$205K$4.9M50xas long as short
Nado BTC-PERP+0.0100%1h$23.7M$221.4M50xas long as short
Pacifica BTC+0.0100%1h$36.7M$312.3M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.03B$7.79B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.6M25xas long as short
Arcus BTC-USD+0.0100%1h$6.1M$77.3M40xas long as short
Bulk BTC-USD+0.0100%1h$533.0M$59.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.1M$101.1M75xas long as short
Variational Omni BTC+0.0100%8h$171.1M$466.0M—as long as short
StandX BTC-USD+0.0100%1h$30.5M$246.8M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.8M$10.5M50xas long as short
Bullet BTC-USD+0.0100%1h$249K$3.3M20xas 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
Kalshi KXBTCPERP+0.0100%8h$8.4M$497.6M6.4xas long as short
Extended BTC-USDshort+0.0104%1h$47.1M$199.9M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$85.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$142.9M$6.11B50xas long as short
Hyperliquid BTC+0.0115%1h$3.84B$4.09B40xas long as short
RISEx BTC/USDC+0.0178%1h$8.7M$36.7M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$306K$27.0M52xas long as short
Hibachi BTC/USDT-P+0.0184%1h$595K$7.5M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0197% / S −0.0209%1h$13.0M—200xas long as short
BloFin BTC-USDT+0.0215%8h$422.6M$479.1M150xas long as short
Deribit BTC-PERPETUAL+0.0314%1h$849.4M$921.6M50xas long as short