Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.008%
Price spread now: Aevo against Extended−0.013%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$250.255% of the position
Long on ExtendedShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 3 days (all we have)−0.040%−$4 · spread now −0.013%, 7d avg +0.015%
Together, before fees−0.101%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.028% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD86,579.60.0104pay 0.0013% / 1h3m 05s$46.4M$226.6M50x
ShortAevo BTC-PERP86,568.50.0056get 0.0007% / 1h3m 05s$2.4M$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$10.08
Price spread: −0.013% → +0.015%
−$2.81
Slippage, 4 orders
−$4.48
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$38.38
Costs to cover
0.255%
Break-even
never at this rate
Slippage from Extended: live order book, 6 min ago; Aevo: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 6 min ago0.06 bp2.6 bp −$32.6 bp −$262.6 bp −$2587.1 bp −$3,562
Sell Aevo live order book, 1 min ago1.08 bp10.6 bp −$1111.8 bp −$11814.2 bp −$1,423doesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps BTCUSD−0.0255%1h86,613.1+0.039%$81K$193K20xas long as short
Perpl BTC−0.0223%43m86,573.3−0.007%$425K$24.5M6.7xas long as short
Phoenix BTC−0.0103%1h86,554−0.030%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,551−0.033%$9K$3K50xas long as short
dYdX BTC-USD−0.0066%1h86,591.4+0.014%$17.6M$20.6M50xas long as short
Aster BTCUSDT−0.0003%8h86,576.2−0.004%$505.5M$1.16B200xas long as short
01 Exchange BTCUSD0.0000%1h86,576.4−0.004%$360K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,601+0.025%$927.7M$1.47B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,590.8+0.013%$36.9M—200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,567.4−0.014%$850.7M$709.5M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0022%1h86,552.9−0.031%$6.7M$144.5M40xas long as short
BingX BTC-USDT+0.0029%8h86,591.3+0.013%—$1.59B—as long as short
Phemex BTCUSDT+0.0033%8h86,582.1+0.003%$149.6M$472.5M150xas long as short
Bitget BTCUSDT+0.0037%8h86,585.5+0.007%$2.95B$5.09B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,582+0.003%$315K$26.8M52xas long as short
Aevo BTC-PERPshort+0.0056%1h86,568.5−0.013%$2.4M$1.3M20x
MEXC BTC_USDT+0.0058%8h86,582.6+0.003%$5.19B$5.73B500xas long as short
Binance BTCUSDT+0.0058%8h86,590.4+0.012%$9.42B$24.37B150xas long as short
RISEx BTC/USDC+0.0063%1h86,585+0.006%$8.7M$43.1M25xas long as short
Gate BTC_USDT+0.0081%8h86,589.4+0.011%$5.84B$10.71B200xas long as short
Bybit BTCUSDT+0.0084%8h86,591.8+0.014%$5.27B$9.73B150xas long as short
Lighter BTC+0.0096%1h86,588.3+0.010%$172.0M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,598.4+0.022%$24.1M$154.3M50xas long as short
Popdex BTCUSDT+0.0096%1h86,558−0.025%$8.5M$52.3M100xas long as short
OKX BTC-USDT-SWAP+0.0097%8h86,593+0.015%$2.55B$12.73B100xas long as short
Katana Perps BTC-USD+0.0100%8h86,543−0.042%$201K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,606.6+0.031%$4.8M$8.3M50xas long as short
Nado BTC-PERP+0.0100%1h86,558.1−0.025%$21.7M$234.9M50xas long as short
Hyperliquid BTC+0.0100%1h86,652+0.084%$3.81B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,592.1+0.014%$40.9M$498.0M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,550−0.034%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,629.9+0.058%$7.4M$94.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,682.4+0.119%$572.6M$21.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,583.6+0.005%$38.2M$151.0M75xas long as short
Variational Omni BTC+0.0100%8h86,546.2−0.039%$159.9M$565.9M—as long as short
edgeX BTCUSDC+0.0100%4h86,557.7−0.025%$279.5M$942.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,562.1−0.020%$217.2M$185.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,565.5−0.016%$141.5M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,556−0.027%$30.7M$203.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,609.2+0.034%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,556−0.027%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,568−0.013%$191K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,585.3+0.007%$2.4M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,595.9+0.019%$140K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,569.7−0.011%$30.0M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,561.8−0.021%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,572−0.009%$60.5M$336.7M40xas long as short
HTX BTC-USDT+0.0100%8h86,558.2−0.025%$2.30B$960.4M200xas long as short
Extended BTC-USDlong+0.0104%1h86,579.6long leg$46.4M$226.6M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,581.6+0.002%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,615.3+0.041%$187.0M$934.8M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,617+0.043%$131.9M$5.83B50xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,591+0.013%$780K$7.9M30xas long as short
Kalshi KXBTCPERP+0.0173%8h86,602+0.026%$9.6M$727.4M6.4xas long as short
BloFin BTC-USDT+0.0178%8h86,579.90.000%$416.9M$655.8M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,583.6+0.005%$15.0M—200xas long as short