data as of
Settings8H · net · $10k
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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 13:00 UTC−0.0026%/8h
paid, last 24h+0.005%paid, last 7 days+0.061%to open and close $10k−$11
Long on PhoenixShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix BTC85,2120.0126pay 0.0016% / 1h33m 55s$1.5M$10.3M40x
ShortMEXC BTC_USDT85,014.30.0100get 0.0100% / 8h2h 33m$5.07B$4.31B500x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$5.37
Slippage, 4 orders
−$0.37
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$16.74
Break-even
never at this rate
Slippage from Phoenix: live order book, 2 min ago; MEXC: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.232%
Avg gap 7d
−0.055%
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 Phoenix live order book, 2 min ago0.06 bp3.6 bp −$45.0 bp −$5010.3 bp −$1,033doesn't fit
Sell MEXC live order book, 2 min ago0.01 bp2.0 bp −$22.7 bp −$273.0 bp −$3003.5 bp −$1,735

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$413K$31.9M6.7xas long as short
ApeX Omni BTCUSDT−0.0191%1h$137.2M$313.8M100xas long as short
edgeX BTCUSDC−0.0103%4h$283.3M$734.1M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$2K50xas long as short
Gate BTC_USDT−0.0058%8h$6.01B$7.79B200xas long as short
Reya BTCRUSDPERP−0.0048%1h$6.7M$128.6M40xas long as short
Injective BTC/USDC PERP−0.0036%1h$322K$27.0M52xas long as short
01 Exchange BTCUSD−0.0032%1h$314K$2.1M50xas long as short
Bitget BTCUSDT−0.0015%8h$2.92B$3.96B150xas long as short
BingX BTC-USDC−0.0014%8h—$15.1M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SoDEX BTC-USD−0.0005%1h$60.9M$233.3M40xas long as short
HTX BTC-USDT−0.0004%8h$2.28B$726.1M200xas long as short
Aftermath Perps BTCUSD0.0000%1h$83K$136K20xas long as short
dYdX BTC-USD0.0000%1h$16.4M$13.0M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.7M$447.6M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.4M—200xas long as short
Backpack BTC_USDC_PERP+0.0035%1h$39.8M$102.4M75xas long as short
Phemex BTCUSDT+0.0043%8h$163.3M$353.0M150xas long as short
Popdex BTCUSDT+0.0048%1h$8.4M$36.5M100xas long as short
Aster BTCUSDT+0.0052%8h$489.4M$867.3M200xas long as short
OKX BTC-USDT-SWAP+0.0072%8h$2.54B$9.87B100xas long as short
Nado BTC-PERP+0.0074%1h$23.1M$203.8M50xas long as short
Bullet BTC-USD+0.0079%1h$227K$3.3M20xas long as short
KuCoin XBTUSDTM+0.0079%8h$802.8M$544.6M125xas long as short
RISEx BTC/USDC+0.0090%1h$8.0M$35.0M25xas long as short
Lighter BTC+0.0096%1h$188.0M$772.5M50xas long as short
Lighter RH BTC+0.0096%1h$25.0M$121.7M50xas long as short
Aevo BTC-PERP+0.0096%1h$2.4M$1.7M20xas long as short
Paradex BTC-USD-PERP+0.0097%8h$4.3M$6.5M50xas long as short
Katana Perps BTC-USD+0.0100%8h$232K$4.5M50xas long as short
Pacifica BTC+0.0100%1h$36.4M$289.3M50xas long as short
Binance BTCUSDT+0.0100%8h$9.49B$17.81B150xas long as short
Bybit BTCUSDT+0.0100%8h$5.04B$7.13B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$14.8M25xas long as short
Arcus BTC-USD+0.0100%1h$6.4M$72.2M40xas long as short
MEXC BTC_USDTshort+0.0100%8h$5.07B$4.31B500x
Variational Omni BTC+0.0100%8h$171.5M$441.5M—as long as short
StandX BTC-USD+0.0100%1h$30.4M$249.1M40xas long as short
Vest BTC-PERP+0.0100%1h—$12.3M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.7M$9.7M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.2M$6.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h$142K$355K40xas long as short
Derive BTC-PERP+0.0100%1h$26.0M$49.8M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.0M100xas long as short
Bulk BTC-USD+0.0100%1h$531.7M$81.4M40xas long as short
Extended BTC-USD+0.0104%1h$46.9M$172.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$78.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h$139.5M$5.85B50xas long as short
Kraken Futures PF_XBTUSD+0.0124%1h$185.2M$694.6M100xas long as short
Phoenix BTClong+0.0126%1h$1.5M$10.3M40x
Hyperliquid BTC+0.0160%1h$3.84B$3.78B40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0190% / S −0.0195%1h$12.8M—200xas long as short
BloFin BTC-USDT+0.0220%8h$418.6M$401.7M150xas long as short
Hibachi BTC/USDT-P+0.0232%1h$604K$7.5M30xas long as short
Deribit BTC-PERPETUAL+0.0348%1h$829.5M$850.6M50xas long as short