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 14:00 UTC+0.0136%/8h
paid, last 24h+0.017%paid, last 7 days+0.003%to open and close $10k−$12
Long on InjectiveShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BTC/USDC PERP85,352−0.0036get 0.0004% / 1h31m 20s$322K$27.0M52x
ShortMEXC BTC_USDT84,952.70.0100get 0.0100% / 8h2h 31m$5.08B$4.32B500x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$28.53
Slippage, 4 orders
−$7.62
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee MEXC: 2 bp × 2 orders
−$4
Net
$16.89
Break-even
2.9 days
Slippage from Injective: live order book, 4 min ago; MEXC: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.468%
Avg gap 7d
−0.021%
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 Injective live order book, 4 min ago3.12 bp4.4 bp −$416.6 bp −$166doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago0.01 bp2.0 bp −$22.7 bp −$273.0 bp −$3003.5 bp −$1,735

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$429K$31.9M6.7xas long as short
ApeX Omni BTCUSDT−0.0187%1h$136.8M$314.2M100xas long as short
edgeX BTCUSDC−0.0113%4h$283.0M$736.9M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$2K50xas long as short
Gate BTC_USDT−0.0053%8h$6.02B$7.83B200xas long as short
Reya BTCRUSDPERP−0.0047%1h$6.7M$129.2M40xas long as short
01 Exchange BTCUSD−0.0040%1h$313K$2.1M50xas long as short
Injective BTC/USDC PERPlong−0.0036%1h$322K$27.0M52x
Bitget BTCUSDT−0.0015%8h$2.92B$3.97B150xas long as short
BingX BTC-USDT−0.0015%8h—$1.17B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aftermath Perps BTCUSD−0.0004%1h$83K$136K20xas long as short
HTX BTC-USDT−0.0004%8h$2.28B$727.5M200xas long as short
dYdX BTC-USD0.0000%1h$16.1M$13.4M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.6M$448.7M6.4xas long as short
SoDEX BTC-USD+0.0002%1h$60.9M$233.4M40xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.4M—200xas long as short
Phemex BTCUSDT+0.0039%8h$162.7M$353.5M150xas long as short
Backpack BTC_USDC_PERP+0.0044%1h$39.8M$102.5M75xas long as short
Aster BTCUSDT+0.0049%8h$489.0M$868.6M200xas long as short
Popdex BTCUSDT+0.0056%1h$8.4M$36.5M100xas long as short
OKX BTC-USDT-SWAP+0.0071%8h$2.54B$9.89B100xas long as short
Nado BTC-PERP+0.0074%1h$22.6M$204.6M50xas long as short
KuCoin XBTUSDTM+0.0077%8h$802.2M$546.3M125xas long as short
Bullet BTC-USD+0.0083%1h$227K$3.3M20xas long as short
RISEx BTC/USDC+0.0090%1h$8.4M$35.6M25xas long as short
Lighter BTC+0.0096%1h$188.5M$774.5M50xas long as short
Lighter RH BTC+0.0096%1h$24.9M$122.1M50xas long as short
Aevo BTC-PERP+0.0096%1h$2.4M$1.7M20xas long as short
Paradex BTC-USD-PERP+0.0097%8h$4.3M$6.5M50xas long as short
StandX BTC-USD+0.0099%1h$30.3M$249.1M40xas long as short
Katana Perps BTC-USD+0.0100%8h$224K$4.5M50xas long as short
Pacifica BTC+0.0100%1h$36.4M$289.3M50xas long as short
Binance BTCUSDT+0.0100%8h$9.48B$17.87B150xas long as short
Bybit BTCUSDT+0.0100%8h$5.04B$7.16B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$14.8M25xas long as short
Arcus BTC-USD+0.0100%1h$6.8M$72.9M40xas long as short
MEXC BTC_USDTshort+0.0100%8h$5.08B$4.32B500x
Variational Omni BTC+0.0100%8h$171.5M$441.5M—as long as short
Vest BTC-PERP+0.0100%1h—$12.5M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.7M$9.8M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.3M$6.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h$141K$355K40xas long as short
Derive BTC-PERP+0.0100%1h$26.0M$49.8M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.0M100xas long as short
Bulk BTC-USD+0.0100%1h$531.7M$81.4M40xas long as short
Extended BTC-USD+0.0104%1h$46.9M$173.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$79.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h$139.5M$5.86B50xas long as short
Kraken Futures PF_XBTUSD+0.0124%1h$184.9M$696.4M100xas long as short
Phoenix BTC+0.0126%1h$1.5M$10.3M40xas long as short
Hyperliquid BTC+0.0152%1h$3.82B$3.79B40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0190% / S −0.0196%1h$12.8M—200xas long as short
BloFin BTC-USDT+0.0225%8h$419.2M$403.1M150xas long as short
Hibachi BTC/USDT-P+0.0240%1h$652K$7.5M30xas long as short
Deribit BTC-PERPETUAL+0.0297%1h$829.3M$851.0M50xas long as short