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 11:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.002%
Price spread now: Kraken Futures against Aevo+0.047%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Long on AevoShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.047%, 7d avg +0.033%
Together, before fees+0.012%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP86,068.60.0096pay 0.0012% / 1h51m 07s$2.4M$6.7M20x
ShortKraken Futures PF_XBTUSD86,109.20.0029get 0.0004% / 1h51m 07s$191.4M$770.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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
−$13.97
Price spread: +0.047% → +0.033%
$1.46
Slippage, 4 orders
−$4.33
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$42.84
Costs to cover
0.303%
Break-even
never at this rate
Slippage from Aevo: live order book, 1 min ago; Kraken Futures: 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 Aevo live order book, 1 min ago0.86 bp10.1 bp −$1011.2 bp −$11213.1 bp −$1,310doesn't fit
Sell Kraken Futures live order book, 1 min ago0.06 bp5.1 bp −$55.8 bp −$587.0 bp −$6968.8 bp −$4,416

BTC on 55 exchanges

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−0.0133%1h86,126+0.067%$2.1M$7.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,197+0.149%$8K$2K50xas long as short
ApeX Omni BTCUSDT−0.0035%1h86,094.8+0.030%$137.6M$295.3M100xas long as short
01 Exchange BTCUSD−0.0024%1h86,088.7+0.023%$363K$2.0M50xas long as short
BloFin BTC-USDT−0.0021%8h86,096.4+0.032%$421.4M$564.3M150xas long as short
dYdX BTC-USD0.0000%1h86,107.7+0.045%$16.9M$14.5M50xas long as short
Perpl BTC0.0000%43m86,108.2+0.046%$481K$13.8M6.7xas long as short
SoDEX BTC-USD+0.0001%1h86,092+0.027%$65.9M$187.9M40xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,111.6+0.050%$36.8M—200xas long as short
Injective BTC/USDC PERP+0.0009%1h86,214+0.169%$301K$26.1M52xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BTCUSDT+0.0028%8h86,088.7+0.023%$513.2M$875.0M200xas long as short
Kraken Futures PF_XBTUSDshort+0.0029%1h86,109.2+0.047%$191.4M$770.0M100x
BingX BTC-USDT+0.0030%8h86,111.2+0.050%—$1.33B—as long as short
Bybit BTCUSDT+0.0036%8h86,114.7+0.054%$5.15B$8.13B150xas long as short
KuCoin XBTUSDTM+0.0054%8h86,090.5+0.025%$943.1M$634.5M125xas long as short
Gate BTC_USDT+0.0063%8h86,113.5+0.052%$5.52B$8.89B200xas long as short
Popdex BTCUSDT+0.0072%1h86,093+0.028%$8.8M$45.3M100xas long as short
Phemex BTCUSDT+0.0091%8h86,088.8+0.023%$170.7M$479.0M150xas long as short
Bitget BTCUSDT+0.0094%8h86,107.5+0.045%$2.99B$3.97B150xas long as short
Lighter BTC+0.0096%1h86,106+0.043%$173.9M$853.1M50xas long as short
Lighter RH BTC+0.0096%1h86,115.2+0.054%$23.4M$119.0M50xas long as short
Aevo BTC-PERPlong+0.0096%1h86,068.6long leg$2.4M$6.7M20x
HTX BTC-USDT+0.0096%8h86,076.7+0.009%$2.27B$803.3M200xas long as short
MEXC BTC_USDT+0.0099%8h86,103.4+0.040%$5.17B$4.82B500xas long as short
Binance BTCUSDT+0.0099%8h86,096.5+0.032%$9.46B$20.56B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,063−0.006%$219K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,119+0.059%$6.0M$7.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,064.7−0.005%$23.5M$195.9M50xas long as short
Pacifica BTC+0.0100%1h86,107.2+0.045%$40.4M$570.0M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,118.8+0.058%$2.62B$9.50B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,076+0.009%$4.0M$15.1M25xas long as short
Arcus BTC-USD+0.0100%1h86,120.7+0.061%$4.2M$90.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,169.3+0.117%$716.4M$134.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,095.3+0.031%$38.2M$196.0M75xas long as short
Variational Omni BTC+0.0100%8h86,125.5+0.066%$158.0M$474.6M—as long as short
edgeX BTCUSDC+0.0100%4h86,081.5+0.015%$289.8M$813.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,097+0.033%$216.3M$133.7M50xas long as short
StandX BTC-USD+0.0100%1h86,060.1−0.010%$30.3M$223.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,142.5+0.086%—$9.4M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,094+0.030%$11.0M$12.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,092.8+0.028%$205K$3.2M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,081+0.014%$2.7M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,128.5+0.070%$195K$564K40xas long as short
SunX BTC-USDT+0.0100%8h86,095.7+0.031%$3.2M$6.6M100xas long as short
Extended BTC-USD+0.0104%1h86,061−0.009%$47.0M$202.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h86,103.2+0.040%—$81.6M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,141.1+0.084%$112.2M$4.98B50xas long as short
Kalshi KXBTCPERP+0.0159%8h86,111+0.049%$12.0M$733.4M6.4xas long as short
Reya BTCRUSDPERP+0.0163%1h86,077.4+0.010%$6.6M$131.1M40xas long as short
Hyperliquid BTC+0.0166%1h86,200+0.153%$3.97B$4.36B40xas long as short
RISEx BTC/USDC+0.0187%1h86,112.5+0.051%$8.9M$37.1M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0211% / S −0.0251%1h86,101.2+0.038%$15.6M—200xas long as short
Deribit BTC-PERPETUAL+0.0282%1h86,151.4+0.096%$822.7M$1.50B50xas long as short
Hibachi BTC/USDT-P+0.0352%1h86,133+0.075%$726K$7.0M30xas long as short
Aftermath Perps BTCUSD+0.0447%1h86,136.8+0.079%$79K$245K20xas long as short