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 15:00 UTC+0.0122%/8h
paid, last 24h−0.010%paid, last 7 days−0.088%to open and close $10k−$25
Long on GateShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTC_USDT85,462.7−0.0022get 0.0022% / 8h1h 58m$6.03B$8.32B200x
ShortBackpack BTC_USDC_PERP85,462.90.0100get 0.0013% / 1h58m 11s$39.8M$101.0M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$25.62
Slippage, 4 orders
−$0.02
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Backpack: 5 bp × 2 orders
−$10
Net
$0.6
Break-even
6.8 days
Slippage from Gate: live order book, 2 min ago; Backpack: live order book, 2 min ago.

Price risk

price view
Price gap now
0.000%
Avg gap 7d
−0.027%
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 Gate live order book, 2 min ago0.01 bp7.5 bp −$87.5 bp −$758.3 bp −$82810.8 bp −$5,383
Sell Backpack live order book, 2 min ago0.01 bp5.0 bp −$55.0 bp −$506.4 bp −$63928.3 bp −$14.1K

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$437K$31.6M6.7xas long as short
edgeX BTCUSDC−0.0087%4h$283.5M$782.6M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
ApeX Omni BTCUSDT−0.0044%1h$137.7M$315.4M100xas long as short
Reya BTCRUSDPERP−0.0037%1h$6.8M$134.8M40xas long as short
Phemex BTCUSDT−0.0028%8h$160.2M$369.3M150xas long as short
Aftermath Perps BTCUSD−0.0027%1h$85K$143K20xas long as short
01 Exchange BTCUSD−0.0024%1h$279K$2.3M50xas long as short
Gate BTC_USDTlong−0.0022%8h$6.03B$8.32B200x
Bitget BTCUSDT−0.0012%8h$2.96B$4.23B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDC−0.0012%8h—$14.4M—as long as short
dYdX BTC-USD0.0000%1h$16.0M$13.6M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.2M$486.5M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.5M—200xas long as short
HTX BTC-USDT+0.0019%8h$2.29B$778.8M200xas long as short
Nado BTC-PERP+0.0023%1h$24.4M$219.9M50xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$187.2M$742.5M100xas long as short
Aster BTCUSDT+0.0046%8h$482.8M$965.9M200xas long as short
OKX BTC-USDT-SWAP+0.0062%8h$2.57B$10.60B100xas long as short
KuCoin XBTUSDTM+0.0068%8h$796.4M$580.0M125xas long as short
Lighter RH BTC+0.0072%1h$25.1M$127.9M50xas long as short
Paradex BTC-USD-PERP+0.0090%8h$4.3M$6.7M50xas long as short
Lighter BTC+0.0096%1h$182.7M$837.1M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.4M$39.8M100xas long as short
Aevo BTC-PERP+0.0096%1h$2.4M$1.7M20xas long as short
Binance BTCUSDT+0.0098%8h$9.52B$19.19B150xas long as short
MEXC BTC_USDT+0.0099%8h$4.95B$4.56B500xas long as short
Katana Perps BTC-USD+0.0100%8h$198K$4.8M50xas long as short
Pacifica BTC+0.0100%1h$36.3M$310.2M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.06B$7.69B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.6M25xas long as short
Arcus BTC-USD+0.0100%1h$6.2M$76.9M40xas long as short
Backpack BTC_USDC_PERPshort+0.0100%1h$39.8M$101.0M75x
Variational Omni BTC+0.0100%8h$173.2M$463.3M—as long as short
StandX BTC-USD+0.0100%1h$30.5M$246.7M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.8M$10.4M50xas long as short
Bullet BTC-USD+0.0100%1h$250K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.3M$6.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h$142K$399K40xas long as short
Derive BTC-PERP+0.0100%1h$27.6M$50.8M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.2M100xas long as short
SoDEX BTC-USD+0.0100%1h$61.3M$234.4M40xas long as short
Bulk BTC-USD+0.0100%1h$535.7M$60.2M40xas long as short
Extended BTC-USD+0.0104%1h$47.6M$198.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$85.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$142.7M$6.08B50xas long as short
Phoenix BTC+0.0126%1h$1.7M$9.5M40xas long as short
RISEx BTC/USDC+0.0178%1h$8.5M$36.5M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$306K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0195% / S −0.0202%1h$12.9M—200xas long as short
BloFin BTC-USDT+0.0219%8h$419.5M$477.3M150xas long as short
Hyperliquid BTC+0.0236%1h$3.85B$4.03B40xas long as short
Hibachi BTC/USDT-P+0.0256%1h$596K$7.4M30xas long as short
Deribit BTC-PERPETUAL+0.0456%1h$842.6M$906.5M50xas long as short