BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.02 per $10,000 · paid last 24h +0.005%

Price spread now: Aevo against SoDEX−0.002%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on SoDEX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.002%, 7d avg −0.011%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BTC-USD	85,471	0.0100	pay 0.0013% / 1h	25m 08s	$59.8M	$336.8M	40x
Short	Aevo BTC-PERP	85,469.4	0.0088	get 0.0011% / 1h	25m 08s	$2.4M	$6.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SoDEX. 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 SoDEXbpFee AevobpOrdersPrice spread, now −0.002%Rate

Funding earned: −$2.52
Price spread: −0.002% → −0.011%: $0.9
Slippage, 4 orders: −$3.94
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$29.57
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Aevo: live order book, 4 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 SoDEX live order book, 4 min ago	0.06 bp	4.1 bp −$4	4.1 bp −$41	5.0 bp −$499	41.0 bp −$20.5K
Sell Aevo live order book, 4 min ago	0.64 bp	9.8 bp −$10	11.5 bp −$115	13.9 bp −$1,386	doesn't fit

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	−0.0082%	1h	85,446	−0.029%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,454	−0.020%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0044%	8h	85,474.8	+0.004%	$928.8M	$774.3M	125x	as long as short
BloFin BTC-USDT	−0.0027%	8h	85,477	+0.007%	$421.1M	$684.6M	150x	as long as short
Aster BTCUSDT	−0.0010%	8h	85,467.5	−0.004%	$513.4M	$1.09B	200x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,502.8	+0.037%	$353K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	85,523	+0.061%	$491K	$18.5M	6.7x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,470	−0.001%	$16.8M	$21.3M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,477	+0.007%	$36.6M	—	200x	as long as short
Nado BTC-PERP	+0.0040%	1h	85,468.9	−0.003%	$24.4M	$222.6M	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	+0.0057%	1h	85,247	−0.262%	$338K	$26.8M	52x	as long as short
Deribit BTC-PERPETUAL	+0.0069%	1h	85,511	+0.047%	$862.0M	$1.64B	50x	as long as short
BingX BTC-USDT	+0.0071%	8h	85,456.7	−0.017%	—	$1.57B	—	as long as short
Aevo BTC-PERPshort	+0.0088%	1h	85,469.4	−0.002%	$2.4M	$6.7M	20x
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,484.7	+0.016%	$186.4M	$960.5M	100x	as long as short
Bitget BTCUSDT	+0.0090%	8h	85,460.3	−0.013%	$2.97B	$5.17B	150x	as long as short
MEXC BTC_USDT	+0.0091%	8h	85,470.7	0.000%	$5.02B	$5.76B	500x	as long as short
Binance BTCUSDT	+0.0093%	8h	85,479.8	+0.010%	$9.43B	$24.99B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,486	+0.018%	$170.3M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,485.5	+0.017%	$23.5M	$148.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,493	+0.026%	$8.4M	$56.4M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,470	−0.001%	$242K	$8.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,467.5	−0.004%	$5.15B	$9.99B	150x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,514.5	+0.051%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,544.3	+0.086%	$3.75B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,483.2	+0.014%	$40.0M	$602.6M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,469.9	−0.001%	$2.60B	$12.27B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,459	−0.014%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,466.8	−0.005%	$5.2M	$98.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,505	+0.040%	$5.56B	$11.03B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,455.7	−0.018%	$37.1M	$178.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,436.8	−0.040%	$154.6M	$558.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,386.4	−0.099%	$279.8M	$950.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,423.4	−0.056%	$214.5M	$163.9M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,436.7	−0.040%	$139.7M	$313.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,414.7	−0.066%	$30.1M	$203.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,552.4	+0.095%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,506	+0.041%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,500	+0.034%	$202K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,480.4	+0.011%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,520.3	+0.058%	$194K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,214.5	−0.300%	$29.9M	$47.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,506.7	+0.042%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USDlong	+0.0100%	1h	85,471	long leg	$59.8M	$336.8M	40x
HTX BTC-USDT	+0.0100%	8h	85,479.1	+0.009%	$2.26B	$968.7M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,498.9	+0.033%	$152.9M	$510.7M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,269.9	−0.235%	$683.1M	$415.1M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,454.3	−0.019%	$44.9M	$240.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,481.9	+0.013%	—	$106.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,505.6	+0.040%	$115.2M	$5.49B	50x	as long as short
Reya BTCRUSDPERP	+0.0129%	1h	85,462.8	−0.010%	$6.6M	$147.7M	40x	as long as short
Kalshi KXBTCPERP	+0.0183%	8h	85,499	+0.033%	$11.8M	$741.1M	6.4x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,488.8	+0.021%	$8.8M	$42.9M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0176%	1h	85,441.9	−0.034%	$13.1M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	85,492.1	+0.025%	$685K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0247%	1h	85,377.9	−0.109%	$79K	$230K	20x	as long as short