BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.004%

Price spread now: BingX against Gate+0.005%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Gate Short on BingX

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—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	Gate BTC_USDT	85,759.3	0.0100	pay 0.0100% / 8h	6h 24m	$5.61B	$10.54B	200x
Short	BingX BTC-USDT	85,763.7	0.0055	get 0.0055% / 8h	6h 24m	—	$1.57B	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$9.45
Price spread: +0.005% → 0.000%: $0.51
Slippage, 4 orders: −$0.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$34.19
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; BingX: live order book, 10 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 Gate live order book, 5 min ago	0.01 bp	7.6 bp −$8	8.2 bp −$82	8.8 bp −$883	doesn't fit
Sell BingX live order book, 10 min ago	0.05 bp	5.1 bp −$5	5.1 bp −$51	5.2 bp −$519	5.8 bp −$2,915

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	85,733	−0.031%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,777	+0.021%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	85,745.4	−0.016%	$365K	$2.3M	50x	as long as short
Perpl BTC	0.0000%	43m	85,805.5	+0.054%	$514K	$20.5M	6.7x	as long as short
dYdX BTC-USD	+0.0002%	1h	85,800	+0.047%	$16.8M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,768.7	+0.011%	$36.7M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,691	−0.080%	$340K	$26.9M	52x	as long as short
KuCoin XBTUSDTM	+0.0033%	8h	85,735.7	−0.028%	$903.4M	$754.4M	125x	as long as short
Aster BTCUSDT	+0.0037%	8h	85,753	−0.007%	$516.6M	$1.14B	200x	as long as short
RISEx BTC/USDC	+0.0044%	1h	85,779.1	+0.023%	$8.2M	$42.0M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BTC-PERP	+0.0055%	1h	85,792.9	+0.039%	$22.6M	$227.5M	50x	as long as short
BingX BTC-USDTshort	+0.0055%	8h	85,763.7	+0.005%	—	$1.57B	—
Reya BTCRUSDPERP	+0.0058%	1h	85,751.1	−0.010%	$6.7M	$146.3M	40x	as long as short
Bitget BTCUSDT	+0.0070%	8h	85,753.8	−0.006%	$2.95B	$5.08B	150x	as long as short
ApeX Omni BTCUSDT	+0.0070%	1h	85,752.5	−0.008%	$140.2M	$319.5M	100x	as long as short
HTX BTC-USDT	+0.0075%	8h	85,734.1	−0.029%	$2.27B	$946.6M	200x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,746.3	−0.015%	$2.5M	$1.8M	20x	as long as short
MEXC BTC_USDT	+0.0091%	8h	85,751.4	−0.009%	$5.07B	$5.73B	500x	as long as short
Binance BTCUSDT	+0.0092%	8h	85,751.2	−0.009%	$9.34B	$24.30B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,762.3	+0.003%	$170.4M	$990.4M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,769.6	+0.012%	$23.5M	$147.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,757	−0.003%	$8.4M	$51.9M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,732	−0.032%	$202K	$7.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,740.5	−0.022%	$3.8M	$8.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,816	+0.066%	$3.76B	$4.97B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,808	+0.057%	$40.3M	$571.4M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,765.7	+0.007%	$5.31B	$9.74B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,770.9	+0.014%	$2.54B	$12.36B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,764	+0.005%	$4.0M	$18.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,726.5	−0.038%	$7.3M	$98.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,744.8	−0.017%	$590.5M	$195.3M	40x	as long as short
Gate BTC_USDTlong	+0.0100%	8h	85,759.3	long leg	$5.61B	$10.54B	200x
Backpack BTC_USDC_PERP	+0.0100%	1h	85,745.8	−0.016%	$35.4M	$164.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,799.4	+0.047%	$156.6M	$556.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,740.4	−0.022%	$278.7M	$939.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,752.4	−0.008%	$215.2M	$166.3M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,779.6	+0.024%	$30.3M	$208.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,819.6	+0.070%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,752	−0.009%	$11.0M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,764	+0.005%	$187K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,754.9	−0.005%	$2.4M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,781.2	+0.026%	$186K	$708K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,760.3	+0.001%	$30.0M	$56.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,722	−0.043%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,756	−0.004%	$60.0M	$337.3M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,756.3	−0.003%	$154.2M	$480.4M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,734.1	−0.029%	$44.1M	$228.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,768.4	+0.011%	—	$100.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,792	+0.038%	$131.1M	$5.15B	50x	as long as short
Hibachi BTC/USDT-P	+0.0136%	1h	85,815.6	+0.066%	$697K	$7.9M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,775.9	+0.019%	$188.5M	$962.9M	100x	as long as short
Aftermath Perps BTCUSD	+0.0164%	1h	85,750.4	−0.010%	$78K	$219K	20x	as long as short
Deribit BTC-PERPETUAL	+0.0176%	1h	85,797.4	+0.044%	$894.7M	$1.53B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0190%	1h	85,766.1	+0.008%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0211%	8h	85,798	+0.045%	$10.1M	$769.9M	6.4x	as long as short