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

BTC

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Alert: funding
Measured
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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.

Alert: spread
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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 you earn now, next payment 01:00 UTC+0.0033%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.005%
Price spread now: Kraken Futures against ApeX Omni+0.095%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Long on ApeX OmniShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.095%, 7d avg +0.008%
Together, before fees−0.069%−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.087% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BTCUSDT86,304.80.0088pay 0.0011% / 1h49m 15s$141.4M$323.2M100x
ShortKraken Futures PF_XBTUSD86,3870.0121get 0.0015% / 1h49m 15s$192.0M$951.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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
$7.01
Price spread: +0.095% → +0.008%
$8.71
Slippage, 4 orders
−$2.2
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$6.48
Costs to cover
0.222%
Break-even
13.5 days
Slippage from ApeX Omni: live order book, 5 min ago; Kraken Futures: live order book, 5 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 ApeX Omni live order book, 5 min ago0.43 bp5.4 bp −$55.5 bp −$559.3 bp −$93135.9 bp −$18.0K
Sell Kraken Futures live order book, 5 min ago0.06 bp5.1 bp −$55.8 bp −$586.7 bp −$6718.7 bp −$4,352

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−0.0129%1h86,441+0.158%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,309+0.005%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,338.3+0.039%$361K$2.4M50xas long as short
Perpl BTC0.0000%43m86,342.4+0.044%$481K$22.0M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,345+0.047%$36.9M—200xas long as short
dYdX BTC-USD+0.0007%1h86,302.2−0.003%$16.9M$20.6M50xas long as short
Aster BTCUSDT+0.0015%8h86,348.8+0.051%$500.8M$1.15B200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,616+0.361%$333K$26.9M52xas long as short
KuCoin XBTUSDTM+0.0031%8h86,329+0.028%$829.9M$723.8M125xas long as short
Reya BTCRUSDPERP+0.0041%1h86,329.9+0.029%$6.7M$145.7M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0047%8h86,338.9+0.040%—$1.59B—as long as short
RISEx BTC/USDC+0.0052%1h86,334.4+0.034%$8.3M$42.9M25xas long as short
Bitget BTCUSDT+0.0060%8h86,350+0.052%$2.97B$5.09B150xas long as short
Aevo BTC-PERP+0.0072%1h86,531.4+0.263%$2.5M$1.5M20xas long as short
MEXC BTC_USDT+0.0075%8h86,332.9+0.033%$5.12B$5.66B500xas long as short
Binance BTCUSDT+0.0075%8h86,348.8+0.051%$9.41B$24.51B150xas long as short
Deribit BTC-PERPETUAL+0.0076%1h86,388.5+0.097%$903.0M$1.51B50xas long as short
SoDEX BTC-USD+0.0083%1h86,345+0.047%$60.4M$338.2M40xas long as short
ApeX Omni BTCUSDTlong+0.0088%1h86,304.8long leg$141.4M$323.2M100x
Lighter BTC+0.0096%1h86,359.8+0.064%$170.0M$981.7M50xas long as short
Lighter RH BTC+0.0096%1h86,367.3+0.072%$23.7M$148.8M50xas long as short
GRVT BTC_USDT_Perp+0.0096%8h86,431.6+0.147%$216.9M$167.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,333+0.033%$8.4M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,296−0.010%$205K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,358+0.062%$4.7M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,296.4−0.010%$22.0M$232.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,404+0.115%$3.79B$5.04B40xas long as short
Pacifica BTC+0.0100%1h86,346.9+0.049%$40.7M$546.1M50xas long as short
Bybit BTCUSDT+0.0100%8h86,354.1+0.057%$5.26B$9.75B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,367.8+0.073%$2.56B$12.64B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,330+0.029%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h86,345.3+0.047%$7.3M$95.9M40xas long as short
Bulk BTC-USD+0.0100%1h86,523.6+0.253%$572.9M$12.4M40xas long as short
Gate BTC_USDT+0.0100%8h86,339.8+0.041%$5.82B$10.49B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,279−0.030%$37.5M$155.4M75xas long as short
Variational Omni BTC+0.0100%8h86,309.8+0.006%$157.9M$567.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,419.2+0.133%$279.1M$949.0M100xas long as short
StandX BTC-USD+0.0100%1h86,317.3+0.014%$30.6M$208.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,363.7+0.068%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,324+0.022%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,332.5+0.032%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,341.4+0.042%$2.5M$9.1M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,357.8+0.061%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,371+0.077%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,317.2+0.014%$3.4M$5.3M100xas long as short
HTX BTC-USDT+0.0100%8h86,338.8+0.039%$2.29B$968.0M200xas long as short
Phemex BTCUSDT+0.0100%8h86,355.6+0.059%$153.3M$478.8M150xas long as short
Extended BTC-USD+0.0104%1h86,327.5+0.026%$45.8M$224.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,330.9+0.030%—$99.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,382.5+0.090%$132.5M$5.56B50xas long as short
Kraken Futures PF_XBTUSDshort+0.0121%1h86,387+0.095%$192.0M$951.5M100x
Hibachi BTC/USDT-P+0.0160%1h86,366.2+0.071%$711K$8.0M30xas long as short
Aftermath Perps BTCUSD+0.0164%1h86,405.3+0.116%$77K$221K20xas long as short
BloFin BTC-USDT+0.0195%8h86,345.4+0.047%$414.9M$653.4M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0201% / S −0.0215%1h86,343.6+0.045%$14.5M—200xas long as short
Kalshi KXBTCPERP+0.0211%8h86,344+0.045%$9.7M$760.8M6.4xas long as short