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 11:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.028%
Price spread now: 01 Exchange against Arcus−0.033%7-day average −0.035% · 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−$14as in the Price arb table
costs, in and out, $10k−$140.144% of the position
Long on ArcusShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.100%−$10 on $10k
Price spread, last 7 days−0.053%−$5 · spread now −0.033%, 7d avg −0.035%
Together, before fees−0.153%−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus BTC-USD86,105.10.0100pay 0.0013% / 1h52m 32s$4.2M$90.6M40x
Short01 Exchange BTCUSD86,076.4−0.0024pay 0.0003% / 1h52m 32s$363K$2.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$26.04
Price spread: −0.033% → −0.035%
$0.19
Slippage, 4 orders
−$2.87
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$40.22
Costs to cover
0.144%
Break-even
never at this rate
Slippage from Arcus: live order book, 5 min ago; 01 Exchange: 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 Arcus live order book, 5 min ago0.01 bp2.6 bp −$33.3 bp −$334.1 bp −$406doesn't fit
Sell 01 Exchange live order book, 5 min ago0.01 bp3.6 bp −$48.2 bp −$82doesn't fitdoesn't fit

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+0.024%$2.0M$7.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,197+0.107%$8K$2K50xas long as short
01 Exchange BTCUSDshort−0.0024%1h86,076.4−0.033%$363K$2.0M50x
BloFin BTC-USDT−0.0020%8h86,091.8−0.015%$421.2M$564.2M150xas long as short
SoDEX BTC-USD−0.0011%1h86,100−0.006%$65.9M$188.0M40xas long as short
dYdX BTC-USD0.0000%1h86,064.4−0.047%$16.9M$14.6M50xas long as short
Perpl BTC0.0000%43m86,108.2+0.004%$481K$13.8M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,111.6+0.008%$36.8M—200xas long as short
Injective BTC/USDC PERP+0.0009%1h86,214+0.126%$301K$26.1M52xas long as short
Aster BTCUSDT+0.0028%8h86,058.3−0.054%$513.1M$875.2M200xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XBTUSD+0.0029%1h86,122.6+0.020%$191.2M$770.6M100xas long as short
BingX BTC-USDC+0.0030%8h86,046.9−0.068%—$16.3M—as long as short
Bybit BTCUSDT+0.0036%8h86,077−0.033%$5.14B$8.13B150xas long as short
ApeX Omni BTCUSDT+0.0037%1h86,155.8+0.059%$137.8M$295.3M100xas long as short
KuCoin XBTUSDTM+0.0053%8h86,057.4−0.055%$942.7M$634.7M125xas long as short
Gate BTC_USDT+0.0063%8h86,080.2−0.029%$5.51B$8.88B200xas long as short
Popdex BTCUSDT+0.0072%1h86,073−0.037%$8.8M$45.3M100xas long as short
Phemex BTCUSDT+0.0081%8h86,096.9−0.010%$170.7M$479.4M150xas long as short
Bitget BTCUSDT+0.0095%8h86,071−0.040%$2.99B$3.97B150xas long as short
Lighter BTC+0.0096%1h86,078.8−0.031%$173.6M$852.5M50xas long as short
Lighter RH BTC+0.0096%1h86,073.6−0.037%$23.5M$118.7M50xas long as short
Aevo BTC-PERP+0.0096%1h86,087.7−0.020%$2.4M$6.7M20xas long as short
HTX BTC-USDT+0.0099%8h86,098.7−0.007%$2.27B$805.1M200xas long as short
Binance BTCUSDT+0.0099%8h86,063.3−0.049%$9.45B$20.58B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,048−0.066%$218K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,112+0.008%$6.0M$7.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,103.1−0.002%$23.5M$196.2M50xas long as short
Pacifica BTC+0.0100%1h86,101.8−0.004%$40.4M$570.0M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,074.7−0.035%$2.61B$9.50B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,063−0.049%$4.0M$15.1M25xas long as short
Arcus BTC-USDlong+0.0100%1h86,105.1long leg$4.2M$90.6M40x
Bulk BTC-USD+0.0100%1h86,169.3+0.075%$716.4M$134.3M40xas long as short
MEXC BTC_USDT+0.0100%8h86,069.4−0.041%$5.18B$4.82B500xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,094.4−0.012%$38.7M$196.3M75xas long as short
Variational Omni BTC+0.0100%8h86,125.5+0.024%$158.0M$474.6M—as long as short
edgeX BTCUSDC+0.0100%4h86,136.3+0.036%$290.0M$813.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,151.9+0.054%$216.4M$133.7M50xas long as short
StandX BTC-USD+0.0100%1h86,151+0.053%$30.3M$222.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,159.6+0.063%—$9.4M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,106+0.001%$11.1M$12.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,103−0.002%$205K$3.2M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,097−0.009%$2.7M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,149.8+0.052%$195K$564K40xas long as short
SunX BTC-USDT+0.0100%8h86,124.6+0.023%$3.2M$6.6M100xas long as short
Extended BTC-USD+0.0104%1h86,046.1−0.068%$47.0M$203.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h86,114.2+0.011%—$81.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,153.6+0.056%$112.3M$4.98B50xas long as short
Hyperliquid BTC+0.0158%1h86,152+0.054%$3.97B$4.36B40xas long as short
Kalshi KXBTCPERP+0.0160%8h86,134+0.034%$11.8M$732.6M6.4xas long as short
Reya BTCRUSDPERP+0.0163%1h86,081.8−0.027%$6.6M$131.1M40xas long as short
RISEx BTC/USDC+0.0187%1h86,098.7−0.007%$8.9M$37.1M25xas long as short
Deribit BTC-PERPETUAL+0.0208%1h86,161.1+0.065%$822.7M$1.51B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0210% / S −0.0250%1h86,110.4+0.006%$15.6M—200xas long as short
Hibachi BTC/USDT-P+0.0352%1h86,175.6+0.082%$716K$7.0M30xas long as short
Aftermath Perps BTCUSD+0.0453%1h86,154.7+0.058%$79K$245K20xas long as short