BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.011%

Price spread now: Bitget against MEXC+0.007%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.007%, 7d avg −0.001%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	85,771.6	0.0087	pay 0.0087% / 8h	5h 09m	$5.08B	$5.65B	500x
Short	Bitget BTCUSDT	85,777.5	0.0072	get 0.0072% / 8h	5h 09m	$2.96B	$5.01B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BitgetbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$3.15
Price spread: +0.007% → −0.001%: $0.75
Slippage, 4 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.43
Costs to cover: 0.160%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 5 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$210	2.5 bp −$1,233
Sell Bitget live order book, 5 min ago	0.01 bp	6.0 bp −$6	7.1 bp −$71	7.9 bp −$792	doesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin BTC-PERP	−0.0589%	1h	85,861.4	+0.105%	$197K	$721K	40x	as long as short
Phoenix BTC	−0.0160%	1h	85,728	−0.051%	$2.2M	$10.3M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,804	+0.038%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0040%	1h	85,787.2	+0.018%	$369K	$2.3M	50x	as long as short
BloFin BTC-USDT	−0.0033%	8h	85,822.6	+0.059%	$418.0M	$666.5M	150x	as long as short
dYdX BTC-USD	0.0000%	1h	85,787.9	+0.019%	$16.7M	$21.2M	50x	as long as short
KuCoin XBTUSDTM	+0.0003%	8h	85,758.5	−0.015%	$919.8M	$751.5M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,832.4	+0.071%	$36.7M	—	200x	as long as short
Nado BTC-PERP	+0.0012%	1h	85,842.5	+0.083%	$22.7M	$219.5M	50x	as long as short
Aster BTCUSDT	+0.0020%	8h	85,795.8	+0.028%	$516.9M	$1.10B	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDC	+0.0057%	8h	85,776.9	+0.006%	—	$17.0M	—	as long as short
Bitget BTCUSDTshort	+0.0072%	8h	85,777.5	+0.007%	$2.96B	$5.01B	150x
Phemex BTCUSDT	+0.0073%	8h	85,835.7	+0.075%	$149.3M	$479.8M	150x	as long as short
Reya BTCRUSDPERP	+0.0073%	1h	85,817.5	+0.054%	$6.7M	$146.5M	40x	as long as short
Injective BTC/USDC PERP	+0.0079%	1h	85,807	+0.041%	$341K	$26.9M	52x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,821.8	+0.059%	$2.5M	$1.7M	20x	as long as short
MEXC BTC_USDTlong	+0.0087%	8h	85,771.6	long leg	$5.08B	$5.65B	500x
Binance BTCUSDT	+0.0088%	8h	85,774	+0.003%	$9.36B	$23.88B	150x	as long as short
HTX BTC-USDT	+0.0093%	8h	85,833.6	+0.072%	$2.27B	$936.0M	200x	as long as short
SoDEX BTC-USD	+0.0096%	1h	85,830	+0.068%	$60.1M	$336.2M	40x	as long as short
Lighter BTC	+0.0096%	1h	85,785.9	+0.017%	$174.7M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,786.5	+0.017%	$23.9M	$149.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,790	+0.021%	$8.4M	$52.3M	100x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,814.6	+0.050%	$3.8M	$8.3M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,762	−0.011%	$197K	$7.8M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,866	+0.110%	$3.75B	$4.96B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,809.4	+0.044%	$40.2M	$576.5M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,792.2	+0.024%	$5.34B	$9.57B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,795.2	+0.028%	$2.58B	$12.12B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,760	−0.014%	$3.9M	$18.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,757.9	−0.016%	$6.8M	$97.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,800.8	+0.034%	$635.6M	$478.1M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,784.6	+0.015%	$5.56B	$10.56B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,820.6	+0.057%	$35.3M	$172.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,777.2	+0.007%	$157.4M	$555.4M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,749.7	−0.026%	$280.1M	$916.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,776.3	+0.006%	$215.4M	$165.9M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,774.1	+0.003%	$140.3M	$314.6M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,793.6	+0.026%	$30.3M	$208.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,874.5	+0.120%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,832	+0.070%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,830.5	+0.069%	$193K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,815.5	+0.051%	$2.4M	$8.8M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,819.1	+0.055%	$30.1M	$50.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,819.1	+0.055%	$2.9M	$6.1M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	85,759.5	−0.014%	$44.3M	$226.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,853.5	+0.095%	—	$105.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,868	+0.112%	$125.9M	$5.11B	50x	as long as short
RISEx BTC/USDC	+0.0120%	1h	85,809.8	+0.045%	$8.4M	$42.3M	25x	as long as short
Kraken Futures PF_XBTUSD	+0.0138%	1h	85,865.1	+0.109%	$189.5M	$952.9M	100x	as long as short
Deribit BTC-PERPETUAL	+0.0172%	1h	85,879.4	+0.126%	$891.4M	$1.53B	50x	as long as short
Hibachi BTC/USDT-P	+0.0192%	1h	85,840.9	+0.081%	$704K	$7.8M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0202% / S −0.0178%	1h	85,831.6	+0.070%	$13.6M	—	200x	as long as short
Aftermath Perps BTCUSD	+0.0203%	1h	85,809.3	+0.044%	$78K	$219K	20x	as long as short
Kalshi KXBTCPERP	+0.0219%	8h	85,866	+0.110%	$10.7M	$758.3M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,848.1	+0.089%	$503K	$19.3M	6.7x	as long as short