BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.06 per $10,000 · paid last 24h +0.007%

Price spread now: SunX against MEXC−0.014%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

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

costs, in and out, $10k−$150.147% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.014%, 7d avg −0.008%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	85,519.7	0.0094	pay 0.0094% / 8h	3h 18m	$5.07B	$5.67B	500x
Short	SunX BTC-USDT	85,508	0.0100	get 0.0100% / 8h	3h 18m	$2.9M	$6.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $1.26
Price spread: −0.014% → −0.008%: −$0.6
Slippage, 4 orders: −$2.65
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.99
Costs to cover: 0.147%
Break-even: 84.7 days

Slippage from MEXC: live order book, 6 min ago; SunX: live order book, 10 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, 6 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$208	2.5 bp −$1,275
Sell SunX live order book, 10 min ago	0.91 bp	4.9 bp −$5	5.4 bp −$54	7.0 bp −$704	10.4 bp −$5,191

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
Phoenix BTC	−0.0140%	1h	85,468	−0.060%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,553	+0.039%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0044%	8h	85,518.8	−0.001%	$920.1M	$758.1M	125x	as long as short
BloFin BTC-USDT	−0.0026%	8h	85,549.9	+0.035%	$420.0M	$676.4M	150x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	85,544.7	+0.029%	$365K	$2.3M	50x	as long as short
Aster BTCUSDT	−0.0006%	8h	85,512.9	−0.008%	$515.0M	$1.10B	200x	as long as short
Perpl BTC	0.0000%	43m	85,535	+0.018%	$506K	$18.7M	6.7x	as long as short
Nado BTC-PERP	+0.0001%	1h	85,548.6	+0.034%	$24.5M	$222.9M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,546.8	+0.032%	$36.6M	—	200x	as long as short
dYdX BTC-USD	+0.0032%	1h	85,540	+0.024%	$16.8M	$21.3M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0044%	1h	85,552	+0.038%	$340K	$26.9M	52x	as long as short
SoDEX BTC-USD	+0.0053%	1h	85,543	+0.027%	$59.9M	$336.0M	40x	as long as short
BingX BTC-USDC	+0.0064%	8h	85,505.8	−0.016%	—	$17.1M	—	as long as short
Phemex BTCUSDT	+0.0067%	8h	85,542.6	+0.027%	$148.7M	$496.2M	150x	as long as short
Bitget BTCUSDT	+0.0079%	8h	85,515.4	−0.005%	$2.95B	$5.12B	150x	as long as short
MEXC BTC_USDTlong	+0.0094%	8h	85,519.7	long leg	$5.07B	$5.67B	500x
Binance BTCUSDT	+0.0094%	8h	85,518.4	−0.002%	$9.45B	$24.44B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,535.4	+0.018%	$172.1M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,533.6	+0.016%	$23.9M	$148.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,529	+0.011%	$8.4M	$55.0M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,510	−0.011%	$2.8M	$2.2M	20x	as long as short
Deribit BTC-PERPETUAL	+0.0096%	1h	85,588.7	+0.081%	$872.0M	$1.60B	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,507	−0.015%	$229K	$8.4M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,566.2	+0.054%	$5.7M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,605.6	+0.100%	$3.79B	$5.02B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,558.1	+0.045%	$40.4M	$591.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,516.6	−0.004%	$5.18B	$9.87B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,528.6	+0.010%	$2.59B	$12.13B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,520	0.000%	$3.8M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,521.9	+0.003%	$4.7M	$99.4M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,524.4	+0.005%	$5.54B	$10.84B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,535.9	+0.019%	$36.1M	$178.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,535	+0.018%	$154.3M	$565.4M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,494.4	−0.030%	$279.2M	$930.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,547.9	+0.033%	$215.0M	$168.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,554.5	+0.041%	$140.0M	$315.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,525.5	+0.007%	$30.2M	$207.0M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,589	+0.081%	—	$11.0M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,532	+0.014%	$11.1M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,524.2	+0.005%	$202K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,526	+0.007%	$2.5M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,576	+0.066%	$207K	$738K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,518	−0.002%	$30.0M	$50.1M	15x	as long as short
SunX BTC-USDTshort	+0.0100%	8h	85,508	−0.014%	$2.9M	$6.1M	100x
HTX BTC-USDT	+0.0100%	8h	85,534.6	+0.017%	$2.26B	$949.8M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,447	−0.085%	$679.5M	$701.9M	40x	as long as short
Reya BTCRUSDPERP	+0.0102%	1h	85,522.7	+0.004%	$6.6M	$147.1M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,489.9	−0.035%	$45.7M	$235.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,568.6	+0.057%	—	$106.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,586.5	+0.078%	$117.2M	$5.26B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0135%	1h	85,573.5	+0.063%	$188.0M	$957.1M	100x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,556.9	+0.043%	$8.6M	$42.9M	25x	as long as short
Kalshi KXBTCPERP	+0.0176%	8h	85,567	+0.055%	$11.5M	$753.9M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,540.2	+0.024%	$13.0M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,593.2	+0.086%	$701K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0251%	1h	85,540.2	+0.024%	$78K	$222K	20x	as long as short