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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%
Price spread now: Bullet against Arcus0.000%7-day average −0.026% · 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−$12as in the Price arb table
costs, in and out, $10k−$150.145% of the position
Long on ArcusShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.001%$0 on $10k
Price spread, last 7 days−0.006%−$1 · spread now 0.000%, 7d avg −0.026%
Together, before fees−0.005%$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.025% dearer against Arcus than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus BTC-USD86,331.20.0100pay 0.0013% / 1h31m 48s$7.2M$94.9M40x
ShortBullet BTC-USD86,330.80.0100get 0.0013% / 1h31m 48s$192K$3.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Arcus. 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
$0
Price spread: 0.000% → −0.026%
$2.54
Slippage, 4 orders
−$2.01
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$11.97
Costs to cover
0.145%
Break-even
never at this rate
Slippage from Arcus: live order book, 2 min ago; Bullet: live order book, 2 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 Arcus live order book, 2 min ago0.01 bp2.5 bp −$32.8 bp −$285.1 bp −$507doesn't fit
Sell Bullet live order book, 2 min ago0.12 bp5.1 bp −$58.6 bp −$86doesn't fitdoesn'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
Bluefin BTC-PERP−0.0500%1h86,381.8+0.059%$144K$666K40xas long as short
Phoenix BTC−0.0129%1h86,337+0.007%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,330−0.001%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,303.8−0.032%$360K$2.4M50xas long as short
Perpl BTC0.0000%43m86,312.5−0.022%$483K$21.6M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,353.3+0.026%$36.9M—200xas long as short
Aster BTCUSDT+0.0020%8h86,381.6+0.058%$501.0M$1.14B200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358+0.031%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0025%1h86,374.9+0.051%$16.9M$20.5M50xas long as short
KuCoin XBTUSDTM+0.0040%8h86,374.7+0.050%$830.9M$721.0M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0045%1h86,322.8−0.010%$6.7M$145.7M40xas long as short
BingX BTC-USDC+0.0050%8h86,364.6+0.039%—$15.3M—as long as short
RISEx BTC/USDC+0.0052%1h86,312.9−0.021%$8.3M$42.5M25xas long as short
Bitget BTCUSDT+0.0062%8h86,374.1+0.050%$2.97B$5.04B150xas long as short
HTX BTC-USDT+0.0073%8h86,323.6−0.009%$2.29B$965.1M200xas long as short
Phemex BTCUSDT+0.0076%8h86,355.4+0.028%$154.2M$473.9M150xas long as short
MEXC BTC_USDT+0.0077%8h86,373.1+0.049%$5.13B$5.69B500xas long as short
Binance BTCUSDT+0.0077%8h86,383.2+0.060%$9.40B$24.30B150xas long as short
Aevo BTC-PERP+0.0080%1h86,329.1−0.002%$2.5M$1.7M20xas long as short
SoDEX BTC-USD+0.0096%1h86,349+0.021%$60.4M$338.2M40xas long as short
Lighter BTC+0.0096%1h86,387.4+0.065%$170.5M$985.6M50xas long as short
Lighter RH BTC+0.0096%1h86,390.2+0.068%$23.7M$149.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,298−0.038%$8.4M$51.9M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,279−0.060%$202K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,336.3+0.006%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,336.8+0.006%$22.0M$228.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,442+0.128%$3.79B$5.00B40xas long as short
Pacifica BTC+0.0100%1h86,351.2+0.023%$40.7M$551.7M50xas long as short
Bybit BTCUSDT+0.0100%8h86,391.2+0.069%$5.26B$9.67B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,409.9+0.091%$2.56B$12.49B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,312−0.022%$3.9M$17.9M25xas long as short
Arcus BTC-USDlong+0.0100%1h86,331.2long leg$7.2M$94.9M40x
Bulk BTC-USD+0.0100%1h86,348+0.019%$573.1M$19.8M40xas long as short
Gate BTC_USDT+0.0100%8h86,373.6+0.049%$5.80B$10.53B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,354.9+0.027%$37.6M$156.7M75xas long as short
Variational Omni BTC+0.0100%8h86,400.1+0.080%$158.2M$561.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,352.6+0.025%$278.9M$950.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,334.3+0.004%$216.8M$165.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,397.4+0.077%$141.7M$321.3M100xas long as short
StandX BTC-USD+0.0100%1h86,355.2+0.028%$30.7M$209.5M40xas long as short
Vest BTC-PERP+0.0100%1h86,357.1+0.030%—$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,324−0.008%$11.1M$14.1M50xas long as short
Bullet BTC-USDshort+0.0100%1h86,330.80.000%$192K$3.3M20x
Orderly PERP_BTC_USDC+0.0100%8h86,346+0.017%$2.4M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,375.4+0.051%$30.5M$58.1M15xas long as short
SunX BTC-USDT+0.0100%8h86,325.6−0.006%$3.4M$5.2M100xas long as short
Extended BTC-USD+0.0104%1h86,366.2+0.041%$45.9M$222.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,325−0.007%—$98.7M500xas long as short
Deribit BTC-PERPETUAL+0.0115%1h86,392.1+0.071%$902.8M$1.51B50xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,393+0.072%$132.1M$5.41B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,383.1+0.060%$192.4M$942.3M100xas long as short
Aftermath Perps BTCUSD+0.0165%1h86,386+0.063%$77K$217K20xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,382.3+0.059%$710K$8.0M30xas long as short
BloFin BTC-USDT+0.0197%8h86,325.8−0.006%$415.7M$645.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0204% / S −0.0218%1h86,352+0.024%$14.5M—200xas long as short
Kalshi KXBTCPERP+0.0209%8h86,340+0.010%$10.2M$763.8M6.4xas long as short