data as of
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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+0.0040%/8h
paid, last 24h+0.005%paid, last 3 days−0.076%to open and close $10k−$16
Long on Kraken FuturesShort on Paradex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XBTUSD85,655.80.0042pay 0.0005% / 1h35m 27s$187.5M$754.3M100x
ShortParadex BTC-USD-PERP85,712.90.0082get 0.0082% / 8h1h 35m$4.3M$6.5M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$8.44
Slippage, 4 orders
−$2.26
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$7.82
Break-even
13.5 days
Slippage from Kraken Futures: live order book, 5 min ago; Paradex: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.067%
Avg gap 7d
+0.015%
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 Kraken Futures live order book, 5 min ago0.06 bp5.2 bp −$56.3 bp −$637.3 bp −$7268.9 bp −$4,434
Sell Paradex live order book, 5 min ago1.01 bp3.0 bp −$33.0 bp −$30doesn't fitdoesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.0826%1h$142K$400K40xas long as short
Perpl BTC−0.0447%43m$399K$31.1M6.7xas long as short
edgeX BTCUSDC−0.0113%4h$284.2M$803.0M100xas long as short
ApeX Omni BTCUSDT−0.0103%1h$138.3M$316.8M100xas long as short
01 Exchange BTCUSD−0.0096%1h$280K$2.3M50xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Aftermath Perps BTCUSD−0.0068%1h$84K$140K20xas long as short
Reya BTCRUSDPERP−0.0032%1h$6.8M$137.3M40xas long as short
Gate BTC_USDT−0.0016%8h$6.08B$8.59B200xas long as short
Phemex BTCUSDT−0.0011%8h$158.4M$375.8M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDT−0.0010%8h—$1.30B—as long as short
Bitget BTCUSDT−0.0009%8h$2.97B$4.31B150xas long as short
dYdX BTC-USD0.0000%1h$16.7M$14.7M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.8M$506.2M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.6M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
SoDEX BTC-USD+0.0031%1h$61.3M$234.6M40xas long as short
HTX BTC-USDT+0.0037%8h$2.29B$783.0M200xas long as short
Aster BTCUSDT+0.0041%8h$489.5M$1.03B200xas long as short
Kraken Futures PF_XBTUSDlong+0.0042%1h$187.5M$754.3M100x
OKX BTC-USDT-SWAP+0.0053%8h$2.57B$10.77B100xas long as short
Nado BTC-PERP+0.0060%1h$24.3M$222.3M50xas long as short
KuCoin XBTUSDTM+0.0064%8h$805.4M$579.4M125xas long as short
Bullet BTC-USD+0.0074%1h$247K$3.3M20xas long as short
Paradex BTC-USD-PERPshort+0.0082%8h$4.3M$6.5M50x
Aevo BTC-PERP+0.0088%1h$2.4M$1.7M20xas long as short
MEXC BTC_USDT+0.0090%8h$4.95B$4.70B500xas long as short
Binance BTCUSDT+0.0091%8h$9.59B$19.77B150xas long as short
Lighter BTC+0.0096%1h$179.6M$864.6M50xas long as short
Lighter RH BTC+0.0096%1h$25.5M$132.6M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.4M$41.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h$197K$5.0M50xas long as short
Pacifica BTC+0.0100%1h$36.6M$317.3M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.09B$7.89B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.6M25xas long as short
Arcus BTC-USD+0.0100%1h$6.1M$77.7M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.4M$100.6M75xas long as short
Variational Omni BTC+0.0100%8h$173.7M$466.2M—as long as short
StandX BTC-USD+0.0100%1h$30.6M$245.4M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.8M$10.6M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$6.8M100xas long as short
Derive BTC-PERP+0.0100%1h$28.4M$55.9M15xas 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$47.4M$201.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$86.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$143.4M$6.16B50xas long as short
Hibachi BTC/USDT-P+0.0120%1h$602K$7.3M30xas long as short
Hyperliquid BTC+0.0132%1h$3.86B$4.09B40xas long as short
RISEx BTC/USDC+0.0178%1h$8.6M$36.8M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$306K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0199% / S −0.0206%1h$13.4M—200xas long as short
BloFin BTC-USDT+0.0210%8h$421.5M$484.4M150xas long as short
Deribit BTC-PERPETUAL+0.0398%1h$851.0M$941.7M50xas long as short