BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.007%

Price spread now: MEXC against Bitget0.000%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.003%$0 · spread now 0.000%, 7d avg 0.000%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BTCUSDT	86,682.2	0.0036	pay 0.0036% / 8h	2h 11m	$2.96B	$5.09B	150x
Short	MEXC BTC_USDT	86,682.3	0.0060	get 0.0060% / 8h	2h 11m	$5.19B	$5.71B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee BitgetbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $5.04
Price spread: 0.000% → 0.000%: −$0.02
Slippage, 4 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$11
Costs to cover: 0.160%
Break-even: 22.3 days

Slippage from Bitget: live order book, 8 min ago; MEXC: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 8 min ago	0.01 bp	6.0 bp −$6	6.2 bp −$62	7.6 bp −$759	doesn't fit
Sell MEXC live order book, 8 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.0 bp −$204	2.1 bp −$1,043

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps BTCUSD	−0.0245%	1h	86,738.5	+0.065%	$85K	$188K	20x	as long as short
Perpl BTC	−0.0223%	43m	86,697	+0.017%	$425K	$24.6M	6.7x	as long as short
Phoenix BTC	−0.0103%	1h	86,739	+0.066%	$2.2M	$12.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,680	−0.003%	$9K	$3K	50x	as long as short
dYdX BTC-USD	−0.0062%	1h	86,692.6	+0.012%	$17.6M	$20.6M	50x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,704.4	+0.026%	$362K	$2.4M	50x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,724.8	+0.049%	$929.4M	$1.47B	50x	as long as short
Aster BTCUSDT	+0.0004%	8h	86,666.5	−0.018%	$506.0M	$1.16B	200x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,709.1	+0.031%	$36.9M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0006%	8h	86,676.5	−0.007%	$851.3M	$707.8M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0022%	1h	86,681.6	−0.001%	$6.7M	$144.4M	40x	as long as short
BingX BTC-USDC	+0.0028%	8h	86,672.1	−0.012%	—	$15.3M	—	as long as short
Phemex BTCUSDT	+0.0028%	8h	86,682.5	0.000%	$150.2M	$472.1M	150x	as long as short
Bitget BTCUSDTlong	+0.0036%	8h	86,682.2	long leg	$2.96B	$5.09B	150x
Injective BTC/USDC PERP	+0.0049%	1h	86,752	+0.081%	$315K	$26.8M	52x	as long as short
Binance BTCUSDT	+0.0060%	8h	86,682.3	0.000%	$9.43B	$24.37B	150x	as long as short
MEXC BTC_USDTshort	+0.0060%	8h	86,682.3	0.000%	$5.19B	$5.71B	500x
RISEx BTC/USDC	+0.0063%	1h	86,700	+0.021%	$9.3M	$41.9M	25x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,682.4	0.000%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0082%	8h	86,678.6	−0.004%	$5.85B	$10.69B	200x	as long as short
Bybit BTCUSDT	+0.0084%	8h	86,681.1	−0.001%	$5.28B	$9.72B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0091%	8h	86,687.4	+0.006%	$2.56B	$12.74B	100x	as long as short
Lighter BTC	+0.0096%	1h	86,693.5	+0.013%	$172.0M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,701.6	+0.022%	$24.1M	$154.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,683	+0.001%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,672	−0.012%	$201K	$6.8M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,739	+0.065%	$4.8M	$8.2M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,670.7	−0.013%	$21.7M	$235.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,759	+0.089%	$3.82B	$5.12B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,719.3	+0.043%	$41.0M	$494.9M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,680	−0.003%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,754.2	+0.083%	$7.4M	$94.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,682.4	0.000%	$572.6M	$21.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,687.5	+0.006%	$38.2M	$149.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,796.1	+0.131%	$159.7M	$566.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,761.4	+0.091%	$280.3M	$953.0M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,797.1	+0.133%	$218.0M	$187.7M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,754.9	+0.084%	$141.6M	$322.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,730.5	+0.056%	$30.8M	$203.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,744.4	+0.072%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,684	+0.002%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,686	+0.004%	$196K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,697.9	+0.018%	$2.4M	$8.6M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,707.2	+0.029%	$141K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,696.2	+0.016%	$30.0M	$61.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,686.9	+0.005%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,682	0.000%	$60.6M	$336.6M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,670.8	−0.013%	$2.30B	$959.5M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,673.4	−0.010%	$46.4M	$226.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,733.8	+0.060%	—	$98.8M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0116%	1h	86,721.8	+0.046%	$188.0M	$934.0M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,738.2	+0.065%	$131.8M	$5.84B	50x	as long as short
Kalshi KXBTCPERP	+0.0163%	8h	86,729	+0.054%	$9.6M	$727.6M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0180% / S −0.0209%	1h	86,705.5	+0.027%	$15.0M	—	200x	as long as short
BloFin BTC-USDT	+0.0181%	8h	86,700	+0.021%	$416.5M	$655.6M	150x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	86,738.7	+0.065%	$781K	$7.8M	30x	as long as short