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+0.0080%/8h
next payment, per $10,000+$0.10paid, last 24h−0.025%paid, last 7 days−0.041%to open and close $10k−$25
Long on PacificaShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BTC85,1980.0100pay 0.0013% / 1h50m 37s$36.2M$310.2M50x
ShortInjective BTC/USDC PERP85,2020.0180get 0.0023% / 1h50m 37s$306K$27.0M52x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$16.86
Slippage, 4 orders
−$16.93
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$8.09
Break-even
10.4 days
Slippage from Pacifica: live order book, 5 min ago; Injective: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.005%
Avg gap 7d
−0.014%
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 Pacifica live order book, 5 min ago0.06 bp4.1 bp −$44.1 bp −$41doesn't fitdoesn't fit
Sell Injective live order book, 5 min ago7.86 bp7.9 bp −$811.9 bp −$119doesn't fitdoesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$426K$31.5M6.7xas long as short
ApeX Omni BTCUSDT−0.0172%1h$137.1M$315.6M100xas long as short
edgeX BTCUSDC−0.0114%4h$281.7M$788.6M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Aftermath Perps BTCUSD−0.0045%1h$83K$139K20xas long as short
Reya BTCRUSDPERP−0.0035%1h$6.8M$135.8M40xas long as short
01 Exchange BTCUSD−0.0032%1h$278K$2.3M50xas long as short
Gate BTC_USDT−0.0018%8h$6.00B$8.43B200xas long as short
Derive BTC-PERP−0.0016%1h$27.7M$54.7M15xas long as short
Phemex BTCUSDT−0.0014%8h$158.0M$370.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget BTCUSDT−0.0011%8h$2.95B$4.26B150xas long as short
BingX BTC-USDT−0.0011%8h—$1.29B—as long as short
dYdX BTC-USD0.0000%1h$16.0M$13.8M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.1M$492.9M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.4M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
HTX BTC-USDT+0.0024%8h$2.28B$777.8M200xas long as short
SoDEX BTC-USD+0.0034%1h$61.0M$234.5M40xas long as short
Aster BTCUSDT+0.0037%8h$486.2M$989.2M200xas long as short
Kraken Futures PF_XBTUSD+0.0043%1h$185.5M$746.1M100xas long as short
OKX BTC-USDT-SWAP+0.0058%8h$2.55B$10.60B100xas long as short
KuCoin XBTUSDTM+0.0067%8h$800.6M$574.4M125xas long as short
Paradex BTC-USD-PERP+0.0084%8h$4.3M$6.5M50xas long as short
MEXC BTC_USDT+0.0094%8h$4.91B$4.61B500xas long as short
Binance BTCUSDT+0.0094%8h$9.48B$19.39B150xas long as short
Lighter BTC+0.0096%1h$182.0M$845.4M50xas long as short
Lighter RH BTC+0.0096%1h$25.2M$130.6M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.4M$40.2M100xas long as short
Aevo BTC-PERP+0.0096%1h$2.4M$1.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h$209K$4.9M50xas long as short
Nado BTC-PERP+0.0100%1h$23.6M$220.3M50xas long as short
Pacifica BTClong+0.0100%1h$36.2M$310.2M50x
Bybit BTCUSDT+0.0100%8h$5.04B$7.76B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.5M25xas long as short
Arcus BTC-USD+0.0100%1h$6.1M$77.1M40xas long as short
Bulk BTC-USD+0.0100%1h$534.4M$59.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$38.8M$101.8M75xas long as short
Variational Omni BTC+0.0100%8h$171.1M$466.0M—as long as short
StandX BTC-USD+0.0100%1h$30.4M$246.9M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.7M$10.5M50xas long as short
Bullet BTC-USD+0.0100%1h$247K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.3M$6.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h$142K$399K40xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.3M100xas long as short
Hyperliquid BTC+0.0103%1h$3.83B$4.07B40xas long as short
Extended BTC-USD+0.0104%1h$47.0M$199.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$85.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$142.4M$6.07B50xas long as short
RISEx BTC/USDC+0.0178%1h$8.5M$36.6M25xas long as short
Injective BTC/USDC PERPshort+0.0180%1h$306K$27.0M52x
GMX BTC/USD [WBTC.b-USDC]L +0.0196% / S −0.0203%1h$12.8M—200xas long as short
Hibachi BTC/USDT-P+0.0208%1h$631K$7.6M30xas long as short
BloFin BTC-USDT+0.0215%8h$421.4M$477.0M150xas long as short
Deribit BTC-PERPETUAL+0.0448%1h$848.2M$918.4M50xas long as short