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 15:00 UTC+0.0012%/8h
paid, last 24h+0.009%paid, last 7 days+0.061%to open and close $10k−$10
Long on MEXCShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BTC_USDT85,408.90.0092pay 0.0092% / 8h1h 42m$4.90B$4.66B500x
ShortExtended BTC-USD85,383.20.0104get 0.0013% / 1h42m 25s$47.3M$200.6M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$2.52
Slippage, 4 orders
−$0.53
Fee MEXC: 2 bp × 2 orders
−$4
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$7.01
Break-even
26.5 days
Slippage from MEXC: live order book, 3 min ago; Extended: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.030%
Avg gap 7d
−0.036%
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 MEXC live order book, 3 min ago0.01 bp2.0 bp −$22.0 bp −$202.1 bp −$2142.6 bp −$1,305
Sell Extended live order book, 3 min ago0.06 bp2.6 bp −$32.6 bp −$262.6 bp −$2628.9 bp −$4,445

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.1440%1h$142K$400K40xas long as short
Perpl BTC−0.0447%43m$402K$31.2M6.7xas long as short
ApeX Omni BTCUSDT−0.0144%1h$137.7M$316.5M100xas long as short
edgeX BTCUSDC−0.0118%4h$282.4M$796.3M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
01 Exchange BTCUSD−0.0072%1h$279K$2.3M50xas long as short
Aftermath Perps BTCUSD−0.0061%1h$83K$140K20xas long as short
Reya BTCRUSDPERP−0.0033%1h$6.8M$137.4M40xas long as short
Gate BTC_USDT−0.0018%8h$6.05B$8.52B200xas long as short
BingX BTC-USDT−0.0011%8h—$1.29B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget BTCUSDT−0.0010%8h$2.96B$4.28B150xas long as short
Phemex BTCUSDT−0.0010%8h$157.4M$374.2M150xas long as short
dYdX BTC-USD0.0000%1h$16.1M$13.8M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.7M$501.4M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.5M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
Derive BTC-PERP+0.0018%1h$28.1M$54.4M15xas long as short
HTX BTC-USDT+0.0031%8h$2.28B$782.7M200xas long as short
SoDEX BTC-USD+0.0036%1h$61.1M$234.5M40xas long as short
Aster BTCUSDT+0.0037%8h$491.7M$1.02B200xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$187.7M$750.7M100xas long as short
OKX BTC-USDT-SWAP+0.0054%8h$2.56B$10.69B100xas long as short
KuCoin XBTUSDTM+0.0064%8h$802.5M$577.3M125xas long as short
Paradex BTC-USD-PERP+0.0082%8h$4.3M$6.5M50xas long as short
Nado BTC-PERP+0.0084%1h$23.8M$221.9M50xas long as short
MEXC BTC_USDTlong+0.0092%8h$4.90B$4.66B500x
Binance BTCUSDT+0.0093%8h$9.55B$19.61B150xas long as short
Bullet BTC-USD+0.0093%1h$247K$3.3M20xas long as short
Lighter BTC+0.0096%1h$182.1M$853.0M50xas long as short
Lighter RH BTC+0.0096%1h$25.5M$132.0M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.4M$40.7M100xas long as short
Aevo BTC-PERP+0.0096%1h$2.4M$1.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h$203K$5.0M50xas long as short
Pacifica BTC+0.0100%1h$36.7M$312.3M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.06B$7.83B150xas 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$77.4M40xas long as short
Bulk BTC-USD+0.0100%1h$533.0M$59.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.3M$101.1M75xas long as short
Variational Omni BTC+0.0100%8h$172.0M$467.0M—as long as short
StandX BTC-USD+0.0100%1h$30.5M$246.6M40xas 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$6.7M100xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.3M100xas long as short
Extended BTC-USDshort+0.0104%1h$47.3M$200.6M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$85.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$142.4M$6.12B50xas long as short
Hyperliquid BTC+0.0121%1h$3.85B$4.10B40xas long as short
Hibachi BTC/USDT-P+0.0152%1h$591K$7.4M30xas long as short
RISEx BTC/USDC+0.0178%1h$8.7M$36.6M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$306K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0198% / S −0.0210%1h$13.1M—200xas long as short
BloFin BTC-USDT+0.0213%8h$422.2M$480.5M150xas long as short
Deribit BTC-PERPETUAL+0.0287%1h$849.3M$925.2M50xas long as short