data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb /

BTC

all BTC markets
SwapPrice view
Alert
Measured
My alerts

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 14:00 UTC−0.0053%/8h
paid, last 24h−0.009%paid, last 3 days+0.032%to open and close $10k−$20
Long on RISExShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BTC/USDC84,966.40.0090pay 0.0011% / 1h29m 52s$8.4M$35.7M25x
ShortPhemex BTCUSDT84,894.10.0037get 0.0037% / 8h2h 29m$162.0M$354.1M150x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$11.23
Slippage, 4 orders
−$2.37
Fee RISEx: 3 bp × 2 orders
−$6
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$31.61
Break-even
never at this rate
Slippage from RISEx: live order book, 1 min ago; Phemex: live order book, 6 min ago.

Price risk

price view
Price gap now
−0.085%
Avg gap 7d
−0.020%
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 RISEx live order book, 1 min ago0.01 bp4.5 bp −$44.7 bp −$4712.5 bp −$1,249doesn't fit
Sell Phemex live order book, 6 min ago0.01 bp6.0 bp −$66.8 bp −$687.8 bp −$777doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$426K$31.9M6.7xas long as short
ApeX Omni BTCUSDT−0.0187%1h$136.8M$314.2M100xas long as short
edgeX BTCUSDC−0.0113%4h$283.0M$736.9M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$2K50xas long as short
Gate BTC_USDT−0.0052%8h$6.01B$7.85B200xas long as short
Reya BTCRUSDPERP−0.0046%1h$6.7M$129.5M40xas long as short
01 Exchange BTCUSD−0.0040%1h$313K$2.1M50xas long as short
Injective BTC/USDC PERP−0.0036%1h$322K$27.0M52xas long as short
Bitget BTCUSDT−0.0016%8h$2.92B$3.97B150xas long as short
BingX BTC-USDC−0.0015%8h—$15.1M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aftermath Perps BTCUSD−0.0005%1h$83K$136K20xas long as short
HTX BTC-USDT−0.0005%8h$2.28B$732.9M200xas long as short
dYdX BTC-USD0.0000%1h$16.1M$13.4M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.6M$450.6M6.4xas long as short
SoDEX BTC-USD+0.0001%1h$60.8M$233.4M40xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.3M—200xas long as short
Phemex BTCUSDTshort+0.0037%8h$162.0M$354.1M150x
Backpack BTC_USDC_PERP+0.0048%1h$39.6M$102.8M75xas long as short
Aster BTCUSDT+0.0048%8h$488.7M$872.9M200xas long as short
Popdex BTCUSDT+0.0064%1h$8.4M$36.6M100xas long as short
OKX BTC-USDT-SWAP+0.0071%8h$2.55B$9.92B100xas long as short
Nado BTC-PERP+0.0072%1h$22.6M$204.9M50xas long as short
KuCoin XBTUSDTM+0.0076%8h$803.1M$547.0M125xas long as short
Bullet BTC-USD+0.0083%1h$226K$3.3M20xas long as short
RISEx BTC/USDClong+0.0090%1h$8.4M$35.7M25x
StandX BTC-USD+0.0092%1h$30.3M$249.2M40xas long as short
Lighter BTC+0.0096%1h$188.0M$776.6M50xas long as short
Lighter RH BTC+0.0096%1h$24.9M$122.4M50xas 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$224K$4.5M50xas long as short
Pacifica BTC+0.0100%1h$36.4M$289.3M50xas long as short
Binance BTCUSDT+0.0100%8h$9.48B$17.96B150xas long as short
Bybit BTCUSDT+0.0100%8h$5.04B$7.18B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$14.8M25xas long as short
Arcus BTC-USD+0.0100%1h$6.8M$72.9M40xas long as short
MEXC BTC_USDT+0.0100%8h$5.06B$4.33B500xas long as short
Variational Omni BTC+0.0100%8h$170.7M$448.6M—as long as short
Vest BTC-PERP+0.0100%1h—$12.5M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.7M$9.8M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.3M$6.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h$142K$356K40xas long as short
Derive BTC-PERP+0.0100%1h$26.0M$49.7M15xas 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$174.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$79.4M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h$139.8M$5.87B50xas long as short
Kraken Futures PF_XBTUSD+0.0124%1h$185.9M$700.6M100xas long as short
Phoenix BTC+0.0126%1h$1.5M$10.3M40xas long as short
Hyperliquid BTC+0.0143%1h$3.81B$3.80B40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0191% / S −0.0196%1h$12.8M—200xas long as short
BloFin BTC-USDT+0.0220%8h$418.6M$404.2M150xas long as short
Hibachi BTC/USDT-P+0.0240%1h$652K$7.5M30xas long as short
Deribit BTC-PERPETUAL+0.0299%1h$829.3M$852.9M50xas long as short