BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.010%

Price spread now: OKX against Bitget+0.017%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.017%, 7d avg +0.002%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, 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	85,600	0.0069	pay 0.0069% / 8h	6h 20m	$2.94B	$5.08B	150x
Short	OKX BTC-USDT-SWAP	85,614.2	0.0100	get 0.0100% / 8h	6h 20m	$2.54B	$12.34B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $6.51
Price spread: +0.017% → +0.002%: $1.45
Slippage, 4 orders: −$0.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$14.46
Costs to cover: 0.224%
Break-even: 22.5 days

Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	0.01 bp	6.4 bp −$6	6.5 bp −$65	6.8 bp −$678	doesn't fit
Sell OKX live order book, 4 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.5 bp −$645	8.8 bp −$4,398

BTC on 55 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
Phoenix BTC	−0.0144%	1h	85,785	+0.216%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,717	+0.137%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	85,599.4	−0.001%	$365K	$2.3M	50x	as long as short
dYdX BTC-USD	+0.0002%	1h	85,641.5	+0.048%	$16.7M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,713.9	+0.133%	$36.7M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,691	+0.106%	$340K	$26.9M	52x	as long as short
KuCoin XBTUSDTM	+0.0031%	8h	85,617.7	+0.021%	$901.0M	$754.5M	125x	as long as short
Aster BTCUSDT	+0.0036%	8h	85,641	+0.048%	$515.9M	$1.14B	200x	as long as short
RISEx BTC/USDC	+0.0044%	1h	85,640.1	+0.047%	$8.1M	$42.1M	25x	as long as short
Nado BTC-PERP	+0.0051%	1h	85,623.3	+0.027%	$22.6M	$227.4M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDC	+0.0055%	8h	85,623.9	+0.028%	—	$17.1M	—	as long as short
Reya BTCRUSDPERP	+0.0058%	1h	85,597.2	−0.003%	$6.7M	$146.3M	40x	as long as short
Bitget BTCUSDTlong	+0.0069%	8h	85,600	long leg	$2.94B	$5.08B	150x
HTX BTC-USDT	+0.0080%	8h	85,675	+0.088%	$2.27B	$947.4M	200x	as long as short
ApeX Omni BTCUSDT	+0.0094%	1h	85,762.3	+0.190%	$140.2M	$318.2M	100x	as long as short
Binance BTCUSDT	+0.0094%	8h	85,603.3	+0.004%	$9.32B	$24.29B	150x	as long as short
MEXC BTC_USDT	+0.0094%	8h	85,604.4	+0.005%	$5.07B	$5.74B	500x	as long as short
Deribit BTC-PERPETUAL	+0.0095%	1h	85,730.5	+0.152%	$894.7M	$1.54B	50x	as long as short
Lighter BTC	+0.0096%	1h	85,634.2	+0.040%	$170.5M	$991.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,626.9	+0.031%	$23.5M	$147.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,611	+0.013%	$8.4M	$51.8M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,691.6	+0.107%	$2.5M	$1.8M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,589	−0.013%	$202K	$7.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,594.1	−0.007%	$3.8M	$8.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,667	+0.078%	$3.75B	$4.98B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,669	+0.081%	$40.3M	$571.4M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,608.8	+0.010%	$5.30B	$9.74B	150x	as long as short
OKX BTC-USDT-SWAPshort	+0.0100%	8h	85,614.2	+0.017%	$2.54B	$12.34B	100x
Ondo Perps BTC-USD.P	+0.0100%	1h	85,617	+0.020%	$3.9M	$18.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,586.1	−0.016%	$7.2M	$97.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,744.8	+0.169%	$590.5M	$195.3M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,623.1	+0.027%	$5.59B	$10.56B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,667	+0.078%	$35.3M	$164.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,688	+0.103%	$156.6M	$555.8M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,744.1	+0.168%	$278.8M	$940.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,761.2	+0.188%	$215.2M	$166.3M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,792	+0.224%	$30.3M	$208.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,685.3	+0.100%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,598	−0.002%	$11.0M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,609.9	+0.012%	$188K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,695.3	+0.111%	$2.4M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,730	+0.152%	$186K	$708K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,698.3	+0.115%	$30.0M	$56.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,671	+0.083%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,693	+0.109%	$60.0M	$337.2M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,678.5	+0.092%	$154.0M	$480.4M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,590	−0.012%	$44.1M	$227.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,710.6	+0.129%	—	$101.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,715.9	+0.135%	$131.3M	$5.15B	50x	as long as short
Hibachi BTC/USDT-P	+0.0136%	1h	85,755.4	+0.181%	$696K	$7.8M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,708.8	+0.127%	$188.3M	$963.0M	100x	as long as short
Aftermath Perps BTCUSD	+0.0169%	1h	85,732.8	+0.155%	$78K	$219K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0189%	1h	85,714.5	+0.134%	$13.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0212%	8h	85,741	+0.165%	$10.0M	$769.9M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,649.2	+0.057%	$514K	$20.6M	6.7x	as long as short