Funding you earn now, next payment 09:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.019%
Price spread now: Arcus against dYdX+0.004%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Funding, last 4 days (all we have)+0.099%+$10 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now +0.004%, 7d avg +0.036%
=Funding pays, the price is against you. Arcus is 0.032% cheaper against dYdX than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.036%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BTC-USD | 85,512 | 0.0053 | pay 0.0007% / 1h | 35m 28s | $16.8M | $21.0M | 50x |
| Short | Arcus BTC-USD | 85,515.6 | 0.0100 | get 0.0013% / 1h | 35m 28s | $4.7M | $97.2M | 40x |
dYdX BTC-USD
Arcus BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against dYdX. 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
- $9.97
- Price spread: +0.004% → +0.036%
- −$3.16
- Slippage, 4 orders
- −$4.94
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$12.63
- Costs to cover
- 0.194%
- Break-even
- 15.9 days
Slippage from dYdX: live order book, 4 min ago; Arcus: 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 dYdX live order book, 4 min ago | 1.46 bp | 7.8 bp −$8 | 11.4 bp −$114 | 15.8 bp −$1,580 | 17.9 bp −$8,930 |
| Sell Arcus live order book, 4 min ago | 0.01 bp | 2.9 bp −$3 | 3.6 bp −$36 | 4.3 bp −$427 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1767% | 1h | 85,538.1 | +0.031% | $194K | $796K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,510 | −0.002% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,508.2 | −0.004% | $423.0M | $682.0M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,438 | −0.087% | $307K | $25.0M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,511.7 | 0.000% | $346K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,512.1 | 0.000% | $36.6M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0014% | 8h | 85,505.9 | −0.007% | $938.9M | $777.5M | 125x | as long as short |
| Aster BTCUSDT | +0.0033% | 8h | 85,502.7 | −0.011% | $503.0M | $1.08B | 200x | as long as short |
| dYdX BTC-USDlong | +0.0053% | 1h | 85,512 | long leg | $16.8M | $21.0M | 50x | |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,522.1 | +0.012% | $186.4M | $942.2M | 100x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 85,531 | +0.022% | $2.3M | $10.4M | 40x | as long as short |
| BingX BTC-USDC | +0.0080% | 8h | 85,489.7 | −0.026% | — | $17.4M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,509.5 | −0.003% | $170.7M | $944.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,507.7 | −0.005% | $23.6M | $134.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,506 | −0.007% | $8.7M | $58.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,488.7 | −0.027% | $2.4M | $6.7M | 20x | as long as short |
| Nado BTC-PERP | +0.0097% | 1h | 85,503.5 | −0.010% | $24.1M | $216.0M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,478 | −0.040% | $266K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,541.2 | +0.034% | $5.7M | $9.6M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,526.7 | +0.017% | $40.5M | $604.9M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,503.4 | −0.010% | $9.41B | $24.96B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,506.4 | −0.007% | $5.09B | $9.92B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,505.4 | −0.008% | $2.61B | $12.08B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,503 | −0.011% | $3.9M | $17.4M | 25x | as long as short |
| Arcus BTC-USDshort | +0.0100% | 1h | 85,515.6 | +0.004% | $4.7M | $97.2M | 40x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,499.9 | −0.014% | $701.6M | $160.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,511.6 | 0.000% | $5.51B | $9.89B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,503.6 | −0.010% | $5.06B | $5.74B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,502.3 | −0.011% | $2.98B | $5.13B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,498 | −0.016% | $37.6M | $193.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,485.8 | −0.031% | $155.9M | $543.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,465.2 | −0.055% | $283.4M | $960.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,496.9 | −0.018% | $214.7M | $155.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,522 | +0.012% | $136.9M | $312.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,481 | −0.036% | $30.1M | $218.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,576.2 | +0.075% | — | $10.2M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,525 | +0.015% | $10.9M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,507.8 | −0.005% | $196K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,492.5 | −0.023% | $2.7M | $9.8M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,490.7 | −0.025% | $3.0M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,500 | −0.014% | $59.8M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,485.5 | −0.031% | $2.26B | $968.8M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,512.6 | +0.001% | $162.3M | $516.0M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,480.8 | −0.036% | $45.8M | $240.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,517.8 | +0.007% | — | $107.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,550.1 | +0.045% | $112.0M | $5.44B | 50x | as long as short |
| Derive BTC-PERP | +0.0123% | 1h | 85,569.1 | +0.067% | $28.9M | $52.4M | 15x | as long as short |
| Reya BTCRUSDPERP | +0.0149% | 1h | 85,491 | −0.025% | $6.6M | $138.3M | 40x | as long as short |
| Hyperliquid BTC | +0.0172% | 1h | 85,592 | +0.094% | $3.84B | $5.14B | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,498.7 | −0.016% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,528.6 | +0.019% | $8.9M | $42.3M | 25x | as long as short |
| Kalshi KXBTCPERP | +0.0194% | 8h | 85,528 | +0.019% | $10.7M | $737.6M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0210% | 1h | 85,553.1 | +0.048% | $828.1M | $1.65B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0320% | 1h | 85,541 | +0.034% | $83K | $252K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0352% | 1h | 85,558 | +0.054% | $688K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,521 | +0.011% | $466K | $18.1M | 6.7x | as long as short |
Phoenix BTC
BingX BTC-USDC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Nado BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
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
Bullet BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Derive BTC-PERP
Reya BTCRUSDPERP
Hyperliquid BTC
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC