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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 19:00 UTC+0.0024%/8h
paid, last 24h+0.006%paid, last 7 days−0.042%to open and close $10k−$17
Long on InjectiveShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BTC/USDC PERP86,066−0.0006get 0.0001% / 1h23m 41s$309K$27.0M52x
ShortPhemex BTCUSDT85,880.30.0018get 0.0018% / 8h5h 23m$152.3M$424.9M150x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$5.1
Slippage, 4 orders
−$5.02
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$11.94
Break-even
23.4 days
Slippage from Injective: live order book, 2 min ago; Phemex: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.216%
Avg gap 7d
−0.017%
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, 2 min ago1.22 bp3.8 bp −$414.7 bp −$147doesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago0.01 bp6.0 bp −$66.0 bp −$609.2 bp −$915doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$403K$26.0M6.7xas long as short
Arcus BTC-USD−0.0299%1h$6.7M$86.2M40xas long as short
BloFin BTC-USDT−0.0092%8h$424.3M$567.7M150xas long as short
Phoenix BTC−0.0082%1h$2.0M$11.0M40xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$4K50xas long as short
01 Exchange BTCUSD−0.0048%1h$311K$2.3M50xas long as short
Kraken Futures PF_XBTUSD−0.0019%1h$188.9M$817.5M100xas long as short
Reya BTCRUSDPERP−0.0016%1h$6.7M$138.4M40xas long as short
SoDEX BTC-USD−0.0016%1h$60.9M$285.5M40xas long as short
KuCoin XBTUSDTM−0.0009%8h$806.7M$620.9M125xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective BTC/USDC PERPlong−0.0006%1h$309K$27.0M52x
dYdX BTC-USD−0.0004%1h$17.1M$17.7M50xas long as short
Kalshi KXBTCPERP0.0000%8h$11.7M$657.0M6.4xas long as short
Aftermath Perps BTCUSD+0.0001%1h$87K$157K20xas long as short
Bitget BTCUSDT+0.0001%8h$2.96B$4.68B150xas long as short
BingX BTC-USDT+0.0002%8h—$1.37B—as long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.7M—200xas long as short
Bulk BTC-USD+0.0005%1h$563.1M$124.9M40xas long as short
Aster BTCUSDT+0.0014%8h$506.2M$1.10B200xas long as short
Phemex BTCUSDTshort+0.0018%8h$152.3M$424.9M150x
ApeX Omni BTCUSDT+0.0027%1h$140.0M$320.5M100xas long as short
Binance BTCUSDT+0.0027%8h$9.52B$22.13B150xas long as short
MEXC BTC_USDT+0.0028%8h$5.16B$5.12B500xas long as short
OKX BTC-USDT-SWAP+0.0031%8h$2.67B$11.59B100xas long as short
RISEx BTC/USDC+0.0031%1h$9.1M$38.7M25xas long as short
Aevo BTC-PERP+0.0032%1h$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0037%8h$6.07B$9.65B200xas long as short
HTX BTC-USDT+0.0040%8h$2.29B$849.2M200xas long as short
Popdex BTCUSDT+0.0040%1h$8.5M$46.3M100xas long as short
Bybit BTCUSDT+0.0042%8h$5.28B$8.67B150xas long as short
Variational Omni BTC+0.0074%8h$170.1M$506.3M—as long as short
Hibachi BTC/USDT-P+0.0080%1h$752K$6.5M30xas long as short
Orderly PERP_BTC_USDC+0.0094%8h$2.4M$7.4M100xas long as short
Lighter BTC+0.0096%1h$171.6M$951.5M50xas long as short
Lighter RH BTC+0.0096%1h$24.4M$138.6M50xas long as short
Extended BTC-USD+0.0096%1h$48.6M$200.6M50xas long as short
Paradex BTC-USD-PERP+0.0099%8h$4.4M$6.9M50xas long as short
Katana Perps BTC-USD+0.0100%8h$193K$5.9M50xas long as short
Nado BTC-PERP+0.0100%1h$23.1M$227.1M50xas long as short
Pacifica BTC+0.0100%1h$36.9M$418.4M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$4.0M$17.3M25xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$37.4M$135.1M75xas long as short
edgeX BTCUSDC+0.0100%4h$280.7M$882.0M100xas long as short
StandX BTC-USD+0.0100%1h$30.7M$212.8M40xas long as short
Vest BTC-PERP+0.0100%1h—$11.5M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.9M$12.3M50xas long as short
Bullet BTC-USD+0.0100%1h$231K$3.3M20xas long as short
Bluefin BTC-PERP+0.0100%1h$143K$411K40xas long as short
Derive BTC-PERP+0.0100%1h$30.4M$58.9M15xas long as short
SunX BTC-USDT+0.0100%8h$3.4M$5.7M100xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$83.3M500xas long as short
Deribit BTC-PERPETUAL+0.0153%1h$915.9M$1.11B50xas long as short
Hyperliquid BTC+0.0154%1h$3.96B$4.49B40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0177%1h$13.7M—200xas long as short
Coinbase International BTC-PERP-INTX+0.0200%1h$129.7M$5.83B50xas long as short