Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%
Price spread now: SunX against Coinbase International+0.039%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.039%, 7d avg −0.053%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.092% dearer against Coinbase International than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BTC-PERP-INTX | 85,148.9 | 0.0096 | pay 0.0012% / 1h | 27m 24s | $116.8M | $5.36B | 50x |
| Short | SunX BTC-USDT | 85,181.9 | 0.0100 | get 0.0100% / 8h | 2h 27m | $2.9M | $6.1M | 100x |
Coinbase International BTC-PERP-INTX
SunX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: +0.039% → −0.053%
- $9.16
- Slippage, 4 orders
- −$2.57
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$10.56
- Costs to cover
- 0.206%
- Break-even
- 95.0 days
Slippage from Coinbase International: live order book, 2 min ago; SunX: live order book, 11 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 Coinbase International live order book, 2 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.4 bp −$540 | 10.5 bp −$5,232 |
| Sell SunX live order book, 11 min ago | 0.93 bp | 4.9 bp −$5 | 5.4 bp −$54 | 7.2 bp −$723 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,120.4 | −0.033% | $524K | $18.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,204 | +0.065% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,113 | −0.042% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,079.5 | −0.082% | $918.7M | $763.4M | 125x | as long as short |
| BloFin BTC-USDT | −0.0035% | 8h | 85,189.4 | +0.048% | $419.3M | $678.8M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 85,107.2 | −0.049% | $372K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0016% | 8h | 85,082.9 | −0.077% | $511.5M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,125.9 | −0.027% | $16.7M | $21.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,092.8 | −0.066% | $36.4M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | +0.089% | $338K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0030% | 1h | 85,102.6 | −0.054% | $24.7M | $222.5M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,128.6 | −0.024% | $186.8M | $954.8M | 100x | as long as short |
| BingX BTC-USDC | +0.0066% | 8h | 85,065.9 | −0.097% | — | $17.3M | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0072% | 1h | 85,149.6 | +0.001% | $870.1M | $1.61B | 50x | as long as short |
| Phemex BTCUSDT | +0.0079% | 8h | 85,115.3 | −0.039% | $148.1M | $504.7M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,107.5 | −0.049% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0084% | 8h | 85,087 | −0.073% | $2.94B | $5.16B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,088.1 | −0.071% | $5.06B | $5.71B | 500x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,084.9 | −0.075% | $9.40B | $24.80B | 150x | as long as short |
| Bullet BTC-USD | +0.0094% | 1h | 85,085.6 | −0.074% | $206K | $3.3M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,109.7 | −0.046% | $170.6M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,119.9 | −0.034% | $23.6M | $148.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,098 | −0.060% | $8.3M | $55.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTXlong | +0.0096% | 1h | 85,148.9 | long leg | $116.8M | $5.36B | 50x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,076 | −0.086% | $239K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,176.4 | +0.032% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,175 | +0.031% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,140 | −0.010% | $40.1M | $599.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,076.4 | −0.085% | $5.14B | $9.94B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,081.8 | −0.079% | $2.57B | $12.15B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,084 | −0.076% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,108.7 | −0.047% | $4.6M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,183.8 | +0.041% | $678.4M | $603.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,086.4 | −0.073% | $5.49B | $10.94B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,110.8 | −0.045% | $35.9M | $175.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,111.9 | −0.044% | $154.3M | $569.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,179.1 | +0.036% | $279.1M | $944.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,198.3 | +0.058% | $214.1M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,192 | +0.051% | $139.3M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,151 | +0.002% | $30.0M | $205.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,175.3 | +0.031% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,088 | −0.072% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,086.8 | −0.073% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,122.6 | −0.031% | $227K | $760K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,092 | −0.067% | $29.9M | $49.7M | 15x | as long as short |
| SunX BTC-USDTshort | +0.0100% | 8h | 85,181.9 | +0.039% | $2.9M | $6.1M | 100x | |
| SoDEX BTC-USD | +0.0100% | 1h | 85,114 | −0.041% | $59.5M | $335.9M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,101.4 | −0.056% | $2.25B | $944.4M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,068.6 | −0.094% | $45.2M | $238.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,102.1 | −0.055% | — | $106.7M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0115% | 1h | 85,082.8 | −0.078% | $6.6M | $147.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,118.4 | −0.036% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0181% | 8h | 85,154 | +0.006% | $11.4M | $743.6M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0221% | 1h | 85,192.7 | +0.051% | $78K | $226K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,152.7 | +0.005% | $716K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,121.2 | −0.033% | $8.7M | $43.1M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Deribit BTC-PERPETUAL
Phemex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Bullet BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC