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 00:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.013%
Price spread now: KuCoin against Extended+0.020%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$170.173% of the position
Long on ExtendedShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.105%−$11 on $10k
Price spread, last 7 days−0.010%−$1 · spread now +0.020%, 7d avg +0.036%
Together, before fees−0.115%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD86,548.90.0104pay 0.0013% / 1h41m 50s$45.5M$227.2M50x
ShortKuCoin XBTUSDTM86,566.30.0012get 0.0012% / 8h41m 50s$850.9M$715.1M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$19.32
Price spread: +0.020% → +0.036%
−$1.55
Slippage, 4 orders
−$0.35
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$38.22
Costs to cover
0.173%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago0.06 bp2.6 bp −$32.6 bp −$262.8 bp −$2839.7 bp −$4,862
Sell KuCoin live order book, 2 min ago0.01 bp6.0 bp −$66.9 bp −$698.4 bp −$837doesn'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
Phoenix BTC−0.0118%1h86,580+0.036%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,574+0.029%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568+0.022%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,586.6+0.044%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0024%1h86,589.2+0.047%$361K$2.5M50xas long as short
Aster BTCUSDT0.0000%8h86,571.7+0.026%$502.2M$1.15B200xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,597.6+0.056%$916.4M$1.49B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,585.7+0.043%$36.9M—200xas long as short
KuCoin XBTUSDTMshort+0.0012%8h86,566.3+0.020%$850.9M$715.1M125x
dYdX BTC-USD+0.0025%1h86,584.4+0.041%$17.0M$21.1M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0027%1h86,572.2+0.027%$6.7M$145.4M40xas long as short
BingX BTC-USDT+0.0042%8h86,563.5+0.017%—$1.59B—as long as short
Phemex BTCUSDT+0.0042%8h86,578.5+0.034%$150.4M$479.5M150xas long as short
Bitget BTCUSDT+0.0052%8h86,569.5+0.024%$2.96B$5.12B150xas long as short
MEXC BTC_USDT+0.0072%8h86,564.5+0.018%$5.15B$5.64B500xas long as short
Aevo BTC-PERP+0.0072%1h86,565.1+0.019%$2.4M$1.3M20xas long as short
Binance BTCUSDT+0.0073%8h86,571.9+0.027%$9.43B$24.58B150xas long as short
Gate BTC_USDT+0.0082%8h86,561.3+0.014%$5.88B$10.74B200xas long as short
SoDEX BTC-USD+0.0093%1h86,564+0.017%$60.5M$337.7M40xas long as short
Lighter BTC+0.0096%1h86,581+0.037%$170.5M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,592.6+0.051%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,575+0.030%$8.5M$52.6M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,563+0.016%$200K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,615.4+0.077%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,591.4+0.049%$21.9M$234.8M50xas long as short
Hyperliquid BTC+0.0100%1h86,641+0.106%$3.80B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,605.2+0.065%$40.8M$524.0M50xas long as short
Bybit BTCUSDT+0.0100%8h86,570.7+0.025%$5.27B$9.82B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,599.9+0.059%$2.55B$12.77B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,603+0.063%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,610.9+0.072%$7.6M$95.1M40xas long as short
Bulk BTC-USD+0.0100%1h86,560.7+0.014%$572.5M$17.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,561.4+0.014%$38.4M$156.0M75xas long as short
Variational Omni BTC+0.0100%8h86,628.8+0.092%$157.3M$569.4M—as long as short
edgeX BTCUSDC+0.0100%4h86,643+0.109%$279.9M$948.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,648.3+0.115%$217.6M$172.0M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,662+0.131%$141.6M$323.3M100xas long as short
StandX BTC-USD+0.0100%1h86,596.7+0.055%$30.7M$204.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,628.4+0.092%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,574+0.029%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,570+0.024%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,569.6+0.024%$2.4M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,596.3+0.055%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,595.8+0.054%$30.6M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,626+0.089%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,566.1+0.020%$2.30B$970.6M200xas long as short
Extended BTC-USDlong+0.0104%1h86,548.9long leg$45.5M$227.2M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,584.2+0.041%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,588.1+0.045%$193.5M$951.7M100xas long as short
Perpl BTC+0.0112%43m86,586.8+0.044%$418K$23.2M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,600.9+0.060%$132.7M$5.68B50xas long as short
Aftermath Perps BTCUSD+0.0119%1h86,610.6+0.071%$79K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,688.4+0.161%$729K$8.1M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0193% / S −0.0216%1h86,579.7+0.036%$15.1M—200xas long as short
BloFin BTC-USDT+0.0193%8h86,567.3+0.021%$413.7M$658.7M150xas long as short
Kalshi KXBTCPERP+0.0209%8h86,606+0.066%$9.7M$743.6M6.4xas long as short