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+0.0080%/8h
next payment, per $10,000+$0.80paid, last 24h−0.011%paid, last 7 days−0.045%to open and close $10k−$22
Long on OKXShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BTC-USDT-SWAP85,839.90.0020pay 0.0020% / 8h7h 44m$2.65B$11.65B100x
ShortPhemex BTCUSDT85,817.40.0100get 0.0100% / 8h7h 44m$150.2M$411.4M150x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$16.83
Slippage, 4 orders
−$0.02
Fee OKX: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$5.2
Break-even
9.2 days
Slippage from OKX: live order book, 1 min ago; Phemex: live order book, 6 min ago.

Price risk

price view
Price gap now
−0.026%
Avg gap 7d
−0.002%
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 OKX live order book, 1 min ago0.01 bp5.0 bp −$55.0 bp −$505.7 bp −$5656.8 bp −$3,408
Sell Phemex live order book, 6 min ago0.01 bp6.0 bp −$66.3 bp −$637.8 bp −$785doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.8000%1h$141K$408K40xas long as short
ApeX Omni BTCUSDT−0.0238%1h$139.1M$317.7M100xas long as short
Injective BTC/USDC PERP−0.0137%1h$308K$27.0M52xas long as short
Phoenix BTC−0.0116%1h$1.8M$11.4M40xas long as short
Perpl BTC−0.0112%43m$409K$28.7M6.7xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$4K50xas long as short
BloFin BTC-USDT−0.0074%8h$424.0M$565.6M150xas long as short
01 Exchange BTCUSD−0.0056%1h$289K$2.4M50xas long as short
SoDEX BTC-USD−0.0042%1h$60.8M$283.7M40xas long as short
Kraken Futures PF_XBTUSD−0.0040%1h$188.1M$823.7M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Reya BTCRUSDPERP−0.0020%1h$6.7M$138.0M40xas long as short
Bybit BTCUSDT−0.0015%8h$5.23B$8.60B150xas long as short
BingX BTC-USDC−0.0015%8h—$14.9M—as long as short
Bitget BTCUSDT−0.0005%8h$2.98B$4.71B150xas long as short
dYdX BTC-USD0.0000%1h$17.2M$17.5M50xas long as short
Kalshi KXBTCPERP0.0000%8h$14.3M$597.5M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.7M—200xas long as short
Gate BTC_USDT+0.0006%8h$6.09B$9.37B200xas long as short
KuCoin XBTUSDTM+0.0014%8h$792.1M$617.0M125xas long as short
OKX BTC-USDT-SWAPlong+0.0020%8h$2.65B$11.65B100x
Aftermath Perps BTCUSD+0.0025%1h$87K$156K20xas long as short
Aster BTCUSDT+0.0029%8h$486.2M$1.13B200xas long as short
Bulk BTC-USD+0.0040%1h$557.2M$154.9M40xas long as short
Binance BTCUSDT+0.0046%8h$9.49B$22.08B150xas long as short
MEXC BTC_USDT+0.0046%8h$5.09B$5.17B500xas long as short
Popdex BTCUSDT+0.0048%1h$8.7M$45.7M100xas long as short
Aevo BTC-PERP+0.0048%1h$2.4M$1.5M20xas long as short
HTX BTC-USDT+0.0064%8h$2.29B$849.2M200xas long as short
StandX BTC-USD+0.0073%1h$30.6M$229.2M40xas long as short
Derive BTC-PERP+0.0080%1h$30.0M$59.4M15xas long as short
Extended BTC-USD+0.0080%1h$49.0M$206.7M50xas long as short
Variational Omni BTC+0.0088%8h$171.1M$507.1M—as long as short
Paradex BTC-USD-PERP+0.0092%8h$4.4M$6.7M50xas long as short
Lighter BTC+0.0096%1h$172.0M$911.9M50xas long as short
Lighter RH BTC+0.0096%1h$24.6M$133.4M50xas long as short
Katana Perps BTC-USD+0.0100%8h$190K$5.6M50xas long as short
Nado BTC-PERP+0.0100%1h$23.4M$228.7M50xas long as short
Pacifica BTC+0.0100%1h$36.9M$364.7M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$16.3M25xas long as short
Arcus BTC-USD+0.0100%1h$6.5M$84.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$37.4M$114.4M75xas long as short
edgeX BTCUSDC+0.0100%4h$277.8M$889.3M100xas long as short
Vest BTC-PERP+0.0100%1h—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$11.0M$11.7M50xas long as short
Bullet BTC-USD+0.0100%1h$236K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$7.3M100xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$6.2M100xas long as short
Phemex BTCUSDTshort+0.0100%8h$150.2M$411.4M150x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$89.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$128.9M$6.21B50xas long as short
RISEx BTC/USDC+0.0132%1h$8.7M$38.4M25xas long as short
Hyperliquid BTC+0.0133%1h$3.90B$4.46B40xas long as short
Deribit BTC-PERPETUAL+0.0170%1h$911.2M$1.12B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0151%1h$12.4M—200xas long as short
Hibachi BTC/USDT-P+0.0184%1h$717K$7.4M30xas long as short