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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Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.46 per $10,000 · paid last 24h +0.015%
Price spread now: Bybit against Bitget+0.015%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Long on BitgetShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 7 days−0.026%−$3 · spread now +0.015%, 7d avg +0.001%
Together, before fees−0.016%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BTCUSDT86,457.90.0043pay 0.0043% / 8h1h 34m$2.95B$5.08B150x
ShortBybit BTCUSDT86,470.80.0089get 0.0089% / 8h1h 34m$5.27B$9.70B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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
$9.57
Price spread: +0.015% → +0.001%
$1.37
Slippage, 4 orders
−$0.02
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$12.08
Costs to cover
0.230%
Break-even
15.8 days
Slippage from Bitget: live order book, 5 min ago; Bybit: 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 Bitget live order book, 5 min ago0.01 bp6.0 bp −$66.3 bp −$637.2 bp −$7208.0 bp −$3,988
Sell Bybit live order book, 5 min ago0.01 bp5.5 bp −$65.5 bp −$556.1 bp −$6087.5 bp −$3,757

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−0.0657%1h86,553.8+0.111%$140K$618K40xas long as short
Phoenix BTC−0.0159%1h86,627+0.196%$2.2M$11.8M40xas long as short
Aftermath Perps BTCUSD−0.0130%1h86,615.5+0.182%$83K$216K20xas long as short
Hotstuff BTC-PERP−0.0080%1h86,522+0.074%$9K$3K50xas long as short
dYdX BTC-USD−0.0010%1h86,530.8+0.084%$17.3M$20.5M50xas long as short
Aster BTCUSDT−0.0010%8h86,489.8+0.037%$504.7M$1.15B200xas long as short
01 Exchange BTCUSD−0.0008%1h86,494+0.042%$358K$2.4M50xas long as short
KuCoin XBTUSDTM0.0000%8h86,509.2+0.059%$851.1M$708.6M125xas long as short
Perpl BTC0.0000%43m86,522.6+0.075%$419K$23.8M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,565.4+0.124%$924.2M$1.47B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,557.8+0.116%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,484.3+0.030%$8.5M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,444.9−0.015%$6.7M$144.9M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559+0.117%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0030%8h86,533.7+0.088%$150.2M$475.4M150xas long as short
BingX BTC-USDT+0.0034%8h86,516.5+0.068%—$1.59B—as long as short
Bitget BTCUSDTlong+0.0043%8h86,457.9long leg$2.95B$5.08B150x
Hibachi BTC/USDT-P+0.0048%1h86,562.5+0.121%$729K$8.2M30xas long as short
MEXC BTC_USDT+0.0060%8h86,455.8−0.002%$5.17B$5.65B500xas long as short
Binance BTCUSDT+0.0060%8h86,472+0.016%$9.41B$24.32B150xas long as short
Aevo BTC-PERP+0.0064%1h86,528.8+0.082%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0075%8h86,506.7+0.056%$5.85B$10.66B200xas long as short
Bybit BTCUSDTshort+0.0089%8h86,470.8+0.015%$5.27B$9.70B150x
Lighter BTC+0.0096%1h86,526.1+0.079%$171.6M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,527.3+0.080%$24.0M$151.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,476+0.021%$8.5M$52.2M100xas long as short
SoDEX BTC-USD+0.0098%1h86,530+0.083%$60.5M$337.1M40xas long as short
Katana Perps BTC-USD+0.0100%8h86,468+0.012%$201K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,551.7+0.108%$4.8M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,495.2+0.043%$21.8M$233.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,549+0.105%$3.81B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,549.1+0.105%$41.1M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,469.6+0.014%$2.54B$12.68B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,496+0.044%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,570.7+0.130%$7.4M$93.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.284%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,519.1+0.071%$38.4M$153.2M75xas long as short
Variational Omni BTC+0.0100%8h86,541.3+0.096%$156.5M$566.0M—as long as short
edgeX BTCUSDC+0.0100%4h86,594.3+0.158%$279.8M$944.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,592.5+0.156%$217.3M$173.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,642.9+0.214%$141.6M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,563.2+0.122%$30.7M$203.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,530.5+0.084%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,467+0.011%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,463.4+0.006%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,542.8+0.098%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,538.9+0.094%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,536.8+0.091%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,527.7+0.081%$2.30B$964.6M200xas long as short
Extended BTC-USD+0.0104%1h86,476.9+0.022%$46.4M$225.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,541.9+0.097%—$98.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,571.3+0.131%$131.6M$5.71B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,562.4+0.121%$191.6M$937.1M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0181% / S −0.0208%1h86,552.2+0.109%$15.1M—200xas long as short
BloFin BTC-USDT+0.0181%8h86,533.4+0.087%$414.3M$651.5M150xas long as short
Kalshi KXBTCPERP+0.0195%8h86,554+0.111%$9.6M$728.5M6.4xas long as short