data as of
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Funding arb /

BTC

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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+0.0028%/8h
next payment, per $10,000+$0.03paid, last 24h−0.048%paid, last 3 days−0.415%to open and close $10k−$16
Long on HibachiShort on Arcus
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BTC/USDT-P85,654.60.0072pay 0.0009% / 1h27m 53s$615K$7.2M30x
ShortArcus BTC-USD85,576.30.0100get 0.0013% / 1h27m 53s$6.1M$77.9M40x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$5.88
Slippage, 4 orders
−$2.03
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$9.65
Break-even
18.5 days
Slippage from Hibachi: live order book, 3 min ago; Arcus: live order book, 8 min ago.

Price risk

price view
Price gap now
−0.091%
Avg gap 7d
−0.008%
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 Hibachi live order book, 3 min ago0.01 bp5.4 bp −$56.2 bp −$6264.1 bp −$6,410doesn't fit
Sell Arcus live order book, 8 min ago0.01 bp2.3 bp −$22.6 bp −$265.0 bp −$496doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.0462%1h$143K$401K40xas long as short
Perpl BTC−0.0447%43m$389K$30.9M6.7xas long as short
01 Exchange BTCUSD−0.0104%1h$283K$2.3M50xas long as short
edgeX BTCUSDC−0.0094%4h$285.1M$809.0M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Aftermath Perps BTCUSD−0.0078%1h$86K$143K20xas long as short
ApeX Omni BTCUSDT−0.0036%1h$138.4M$317.0M100xas long as short
Reya BTCRUSDPERP−0.0031%1h$6.7M$137.2M40xas long as short
Gate BTC_USDT−0.0012%8h$6.09B$8.70B200xas long as short
Bitget BTCUSDT−0.0009%8h$2.97B$4.33B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDT−0.0009%8h—$1.31B—as long as short
Phemex BTCUSDT−0.0007%8h$157.9M$378.8M150xas long as short
dYdX BTC-USD0.0000%1h$16.7M$14.7M50xas long as short
Kalshi KXBTCPERP0.0000%8h$9.1M$515.0M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.7M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
SoDEX BTC-USD+0.0019%1h$60.9M$258.6M40xas long as short
HTX BTC-USDT+0.0039%8h$2.29B$787.1M200xas long as short
Aster BTCUSDT+0.0040%8h$487.8M$1.03B200xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$187.2M$762.1M100xas long as short
OKX BTC-USDT-SWAP+0.0049%8h$2.58B$10.84B100xas long as short
KuCoin XBTUSDTM+0.0063%8h$791.0M$587.4M125xas long as short
Bullet BTC-USD+0.0067%1h$247K$3.3M20xas long as short
Hibachi BTC/USDT-Plong+0.0072%1h$615K$7.2M30x
Nado BTC-PERP+0.0075%1h$23.5M$224.2M50xas long as short
Paradex BTC-USD-PERP+0.0082%8h$4.3M$6.5M50xas long as short
Popdex BTCUSDT+0.0088%1h$8.4M$41.4M100xas long as short
MEXC BTC_USDT+0.0088%8h$4.96B$4.75B500xas long as short
Aevo BTC-PERP+0.0088%1h$2.4M$1.6M20xas long as short
Binance BTCUSDT+0.0088%8h$9.60B$19.95B150xas long as short
Lighter BTC+0.0096%1h$179.4M$871.4M50xas long as short
Lighter RH BTC+0.0096%1h$25.3M$133.7M50xas long as short
Katana Perps BTC-USD+0.0100%8h$197K$5.0M50xas long as short
Pacifica BTC+0.0100%1h$36.8M$323.4M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.10B$7.95B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.6M25xas long as short
Arcus BTC-USDshort+0.0100%1h$6.1M$77.9M40x
Backpack BTC_USDC_PERP+0.0100%1h$39.3M$100.7M75xas long as short
Variational Omni BTC+0.0100%8h$174.8M$467.7M—as long as short
StandX BTC-USD+0.0100%1h$30.6M$244.8M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.8M$10.8M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$6.8M100xas long as short
Derive BTC-PERP+0.0100%1h$28.8M$55.7M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.4M100xas long as short
Bulk BTC-USD+0.0100%1h$535.4M$59.7M40xas long as short
Extended BTC-USD+0.0104%1h$47.5M$201.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$86.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$144.5M$6.17B50xas long as short
Hyperliquid BTC+0.0134%1h$3.85B$4.13B40xas long as short
RISEx BTC/USDC+0.0178%1h$8.5M$37.1M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$308K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0199% / S −0.0202%1h$13.3M—200xas long as short
BloFin BTC-USDT+0.0209%8h$421.1M$488.8M150xas long as short
Deribit BTC-PERPETUAL+0.0443%1h$858.1M$958.1M50xas long as short