Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BTC

all BTC markets
SwapBacktest
Alert: funding
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.

Alert: spread
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 you earn now, next payment 00:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.022%
Price spread now: Arcus against 01 Exchange+0.042%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$140.144% of the position
Long on 01 ExchangeShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.086%+$9 on $10k
Price spread, last 7 days−0.048%−$5 · spread now +0.042%, 7d avg +0.036%
Together, before fees+0.037%+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange BTCUSD86,344.4−0.0016get 0.0002% / 1h23m 05s$358K$2.5M50x
ShortArcus BTC-USD86,380.40.0100get 0.0013% / 1h23m 05s$7.5M$95.3M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against 01 Exchange. 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

Funding earned
$24.36
Price spread: +0.042% → +0.036%
$0.61
Slippage, 4 orders
−$2.88
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$10.59
Costs to cover
0.144%
Break-even
4.0 days
Slippage from 01 Exchange: live order book, 1 min ago; Arcus: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange live order book, 1 min ago0.01 bp5.6 bp −$69.3 bp −$93doesn't fitdoesn't fit
Sell Arcus live order book, 1 min ago0.01 bp2.3 bp −$23.1 bp −$313.9 bp −$389doesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0118%1h86,430+0.099%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,330−0.017%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,345+0.001%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,347.8+0.004%$8.3M$42.8M25xas long as short
01 Exchange BTCUSDlong−0.0016%1h86,344.4long leg$358K$2.5M50x
Aster BTCUSDT−0.0001%8h86,365.7+0.025%$501.1M$1.15B200xas long as short
Perpl BTC0.0000%43m86,361.4+0.020%$414K$22.9M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,376.4+0.037%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0017%8h86,364.1+0.023%$849.4M$715.6M125xas long as short
Reya BTCRUSDPERP+0.0032%1h86,350.5+0.007%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0042%8h86,351+0.008%—$15.4M—as long as short
Bitget BTCUSDT+0.0052%8h86,363.5+0.022%$2.96B$5.13B150xas long as short
Phemex BTCUSDT+0.0054%8h86,375.2+0.036%$150.3M$478.5M150xas long as short
dYdX BTC-USD+0.0060%1h86,355.1+0.012%$16.9M$21.2M50xas long as short
Binance BTCUSDT+0.0069%8h86,366.3+0.025%$9.42B$24.59B150xas long as short
MEXC BTC_USDT+0.0069%8h86,367.2+0.026%$5.16B$5.67B500xas long as short
Aevo BTC-PERP+0.0072%1h86,358.4+0.016%$2.4M$1.3M20xas long as short
Deribit BTC-PERPETUAL+0.0072%1h86,409.2+0.075%$914.2M$1.48B50xas long as short
Gate BTC_USDT+0.0080%8h86,365.9+0.025%$5.85B$10.78B200xas long as short
SoDEX BTC-USD+0.0087%1h86,365+0.024%$60.3M$338.0M40xas long as short
Lighter BTC+0.0096%1h86,379.1+0.040%$170.2M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,387.2+0.050%$23.9M$152.4M50xas long as short
Popdex BTCUSDT+0.0096%1h86,332−0.014%$8.4M$52.4M100xas long as short
Bybit BTCUSDT+0.0097%8h86,369.6+0.029%$5.26B$9.81B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,320−0.028%$199K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,378.8+0.040%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,348.3+0.004%$21.9M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,445+0.117%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,386.5+0.049%$41.0M$529.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,375.2+0.036%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,346+0.002%$3.9M$18.6M25xas long as short
Arcus BTC-USDshort+0.0100%1h86,380.4+0.042%$7.5M$95.3M40x
Backpack BTC_USDC_PERP+0.0100%1h86,365.6+0.025%$37.9M$156.7M75xas long as short
Variational Omni BTC+0.0100%8h86,405.8+0.071%$157.3M$568.1M—as long as short
edgeX BTCUSDC+0.0100%4h86,374.1+0.034%$279.0M$945.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,418.1+0.085%$217.0M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,375.3+0.036%$141.3M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,402.1+0.067%$30.6M$205.2M40xas long as short
Vest BTC-PERP+0.0100%1h86,390.7+0.054%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,351+0.008%$11.1M$13.9M50xas long as short
Bullet BTC-USD+0.0100%1h86,359+0.017%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,361+0.019%$2.4M$9.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,396.7+0.061%$140K$664K40xas long as short
Derive BTC-PERP+0.0100%1h86,401.3+0.066%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,321.1−0.027%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,352.6+0.009%$2.29B$969.7M200xas long as short
Bulk BTC-USD+0.0100%1h86,464.9+0.140%$572.1M$16.9M40xas long as short
Extended BTC-USD+0.0104%1h86,349.6+0.006%$45.5M$227.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,355.4+0.013%—$99.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,399.5+0.064%$191.7M$955.4M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,417+0.084%$132.3M$5.65B50xas long as short
Aftermath Perps BTCUSD+0.0152%1h86,442.9+0.114%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,386.3+0.049%$727K$8.0M30xas long as short
BloFin BTC-USDT+0.0189%8h86,365.3+0.024%$416.7M$657.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0196% / S −0.0219%1h86,368.4+0.028%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0206%8h86,377+0.038%$9.7M$749.3M6.4xas long as short