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−0.0160%/8h
next payment, per $10,000−$0.20paid, last 24h−0.077%paid, last 3 days−0.496%to open and close $10k−$24
Long on HibachiShort on 01 Exchange
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BTC/USDT-P85,972.40.0056pay 0.0007% / 1h22m 54s$608K$7.2M30x
Short01 Exchange BTCUSD85,906−0.0104pay 0.0013% / 1h22m 54s$281K$2.3M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$33.6
Slippage, 4 orders
−$7.66
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$57.26
Break-even
never at this rate
Slippage from Hibachi: live order book, 3 min ago; 01 Exchange: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.077%
Avg gap 7d
−0.043%
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 bp5.9 bp −$67.4 bp −$7467.9 bp −$6,790doesn't fit
Sell 01 Exchange live order book, 3 min ago0.29 bp5.0 bp −$580.8 bp −$808doesn't fitdoesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$389K$30.8M6.7xas long as short
Bluefin BTC-PERP−0.0320%1h$143K$402K40xas long as short
edgeX BTCUSDC−0.0108%4h$285.7M$816.6M100xas long as short
01 Exchange BTCUSDshort−0.0104%1h$281K$2.3M50x
Aftermath Perps BTCUSD−0.0087%1h$87K$144K20xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
ApeX Omni BTCUSDT−0.0035%1h$139.0M$317.1M100xas long as short
Reya BTCRUSDPERP−0.0030%1h$6.7M$137.3M40xas long as short
Phemex BTCUSDT−0.0020%8h$159.4M$381.0M150xas long as short
Gate BTC_USDT−0.0010%8h$6.10B$8.79B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget BTCUSDT−0.0009%8h$2.98B$4.38B150xas long as short
BingX BTC-USDT−0.0009%8h—$1.32B—as long as short
dYdX BTC-USD−0.0007%1h$17.3M$15.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.8M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
SoDEX BTC-USD+0.0024%1h$61.3M$258.9M40xas long as short
HTX BTC-USDT+0.0042%8h$2.30B$795.9M200xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$185.7M$771.5M100xas long as short
Aster BTCUSDT+0.0043%8h$489.8M$1.05B200xas long as short
OKX BTC-USDT-SWAP+0.0047%8h$2.59B$10.97B100xas long as short
Hibachi BTC/USDT-Plong+0.0056%1h$608K$7.2M30x
KuCoin XBTUSDTM+0.0062%8h$791.0M$590.3M125xas long as short
Bullet BTC-USD+0.0069%1h$246K$3.3M20xas long as short
Nado BTC-PERP+0.0074%1h$23.9M$225.8M50xas long as short
Paradex BTC-USD-PERP+0.0083%8h$4.3M$6.5M50xas long as short
Popdex BTCUSDT+0.0088%1h$8.5M$41.8M100xas long as short
MEXC BTC_USDT+0.0088%8h$5.00B$4.81B500xas long as short
Aevo BTC-PERP+0.0088%1h$2.4M$1.6M20xas long as short
Binance BTCUSDT+0.0088%8h$9.62B$20.28B150xas long as short
Lighter BTC+0.0096%1h$177.7M$881.4M50xas long as short
Lighter RH BTC+0.0096%1h$25.2M$135.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h$202K$5.1M50xas long as short
Pacifica BTC+0.0100%1h$37.0M$323.4M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.13B$8.06B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.7M25xas long as short
Arcus BTC-USD+0.0100%1h$5.5M$79.1M40xas long as short
Bulk BTC-USD+0.0100%1h$537.2M$59.9M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.6M$99.6M75xas long as short
Variational Omni BTC+0.0100%8h$174.3M$469.7M—as long as short
StandX BTC-USD+0.0100%1h$30.7M$244.2M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.2M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.9M$10.9M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$6.8M100xas long as short
Derive BTC-PERP+0.0100%1h$29.0M$56.7M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.5M100xas long as short
Kalshi KXBTCPERP+0.0101%8h$9.3M$520.1M6.4xas long as short
Extended BTC-USD+0.0104%1h$47.4M$202.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$87.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$146.4M$6.21B50xas long as short
Hyperliquid BTC+0.0149%1h$3.87B$4.15B40xas long as short
RISEx BTC/USDC+0.0178%1h$8.7M$37.3M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$308K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0200% / S −0.0207%1h$13.4M—200xas long as short
BloFin BTC-USDT+0.0208%8h$425.1M$496.5M150xas long as short
Deribit BTC-PERPETUAL+0.0305%1h$859.7M$972.8M50xas long as short