data as of
Settings8H · net · $10k
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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 00:00 UTC+0.0081%/8h
next payment, per $10,000+$0.81paid, last 24h+0.013%paid, last 3 days−0.005%to open and close $10k−$45
Long on KuCoinShort on Paradex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XBTUSDTM85,749.20.0012pay 0.0012% / 8h7h 35m$790.5M$616.2M125x
ShortParadex BTC-USD-PERP85,821.10.0093get 0.0093% / 8h7h 35m$4.4M$6.7M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$17
Slippage, 4 orders
−$28.82
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$27.82
Break-even
18.5 days
Slippage from KuCoin: live order book, 10 min ago; Paradex: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.084%
Avg gap 7d
+0.012%
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 KuCoin live order book, 10 min ago0.01 bp6.0 bp −$66.6 bp −$668.0 bp −$80110.5 bp −$5,263
Sell Paradex live order book, 5 min ago0.65 bp2.6 bp −$32.6 bp −$26doesn't fitdoesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.8000%1h$142K$408K40xas long as short
Perpl BTC−0.0335%43m$401K$28.6M6.7xas long as short
Injective BTC/USDC PERP−0.0137%1h$308K$27.0M52xas long as short
ApeX Omni BTCUSDT−0.0127%1h$138.8M$317.7M100xas long as short
Phoenix BTC−0.0116%1h$1.8M$11.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$4K50xas long as short
BloFin BTC-USDT−0.0076%8h$424.7M$567.5M150xas long as short
01 Exchange BTCUSD−0.0056%1h$292K$2.4M50xas long as short
Kraken Futures PF_XBTUSD−0.0040%1h$188.0M$821.2M100xas long as short
SoDEX BTC-USD−0.0033%1h$60.8M$283.6M40xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Reya BTCRUSDPERP−0.0019%1h$6.7M$138.0M40xas long as short
Bybit BTCUSDT−0.0009%8h$5.22B$8.61B150xas long as short
Bitget BTCUSDT−0.0004%8h$2.98B$4.68B150xas long as short
BingX BTC-USDT−0.0004%8h—$1.39B—as long as short
Phemex BTCUSDT−0.0002%8h$148.8M$412.1M150xas long as short
dYdX BTC-USD0.0000%1h$17.2M$17.6M50xas long as short
Kalshi KXBTCPERP0.0000%8h$13.8M$602.6M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.7M—200xas long as short
KuCoin XBTUSDTMlong+0.0012%8h$790.5M$616.2M125x
OKX BTC-USDT-SWAP+0.0019%8h$2.65B$11.63B100xas long as short
Gate BTC_USDT+0.0029%8h$6.08B$9.41B200xas long as short
Aster BTCUSDT+0.0029%8h$487.6M$1.13B200xas long as short
Aftermath Perps BTCUSD+0.0032%1h$87K$150K20xas long as short
Aevo BTC-PERP+0.0040%1h$2.4M$1.4M20xas long as short
Bulk BTC-USD+0.0040%1h$557.2M$154.9M40xas long as short
MEXC BTC_USDT+0.0043%8h$5.11B$5.20B500xas long as short
Binance BTCUSDT+0.0044%8h$9.48B$22.06B150xas long as short
StandX BTC-USD+0.0079%1h$30.6M$230.1M40xas long as short
Extended BTC-USD+0.0088%1h$48.8M$206.8M50xas long as short
Bullet BTC-USD+0.0088%1h$234K$3.3M20xas long as short
Variational Omni BTC+0.0089%8h$171.7M$506.8M—as long as short
HTX BTC-USDT+0.0092%8h$2.28B$843.4M200xas long as short
Paradex BTC-USD-PERPshort+0.0093%8h$4.4M$6.7M50x
Lighter BTC+0.0096%1h$171.3M$917.5M50xas long as short
Lighter RH BTC+0.0096%1h$24.4M$134.1M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.5M$46.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h$199K$5.7M50xas long as short
Nado BTC-PERP+0.0100%1h$23.4M$227.9M50xas long as short
Pacifica BTC+0.0100%1h$36.6M$372.2M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$16.2M25xas long as short
Arcus BTC-USD+0.0100%1h$6.4M$84.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$37.4M$117.1M75xas long as short
edgeX BTCUSDC+0.0100%4h$277.9M$889.1M100xas long as short
Vest BTC-PERP+0.0100%1h—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$11.0M$11.6M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$7.3M100xas long as short
Derive BTC-PERP+0.0100%1h$30.2M$59.3M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$6.0M100xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$88.7M500xas long as short
Deribit BTC-PERPETUAL+0.0112%1h$911.6M$1.12B50xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$128.7M$6.18B50xas long as short
Hyperliquid BTC+0.0124%1h$3.90B$4.42B40xas long as short
RISEx BTC/USDC+0.0132%1h$8.7M$38.0M25xas long as short
Hibachi BTC/USDT-P+0.0160%1h$727K$7.4M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0198% / S −0.0175%1h$12.4M—200xas long as short