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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: Variational Omni against HTX+0.031%7-day average +0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HTXShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.037%+$4 on $10k
Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.031%, 7d avg +0.003%
Together, before fees+0.013%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.028% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,498.40.0100pay 0.0100% / 8h48m 58s$2.30B$969.6M200x
ShortVariational Omni BTC86,524.80.0100get 0.0100% / 8h48m 58s$155.3M$568.2M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.031% → +0.003%
$2.78
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$9.22
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 5 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.5 bp −$6469.6 bp −$4,778
Sell Variational Omni RFQ quote, just now0.62 bpdoesn't fit0.6 bp −$61.6 bp −$156doesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0118%1h86,505+0.008%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,514+0.018%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,601+0.119%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,523.5+0.029%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0024%1h86,526.3+0.032%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0002%8h86,578+0.092%$502.6M$1.15B200xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,546.7+0.056%$916.5M$1.49B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,537+0.045%$36.9M—200xas long as short
KuCoin XBTUSDTM+0.0010%8h86,564.4+0.076%$850.5M$714.4M125xas long as short
Reya BTCRUSDPERP+0.0025%1h86,510.6+0.014%$6.7M$145.3M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX BTC-USD+0.0037%1h86,542.1+0.051%$17.0M$21.1M50xas long as short
BingX BTC-USDC+0.0041%8h86,578.5+0.093%—$15.4M—as long as short
Phemex BTCUSDT+0.0044%8h86,523.6+0.029%$149.8M$479.6M150xas long as short
Bitget BTCUSDT+0.0052%8h86,570.8+0.084%$2.96B$5.12B150xas long as short
MEXC BTC_USDT+0.0071%8h86,571.2+0.084%$5.16B$5.63B500xas long as short
Binance BTCUSDT+0.0072%8h86,589.7+0.106%$9.43B$24.54B150xas long as short
Aevo BTC-PERP+0.0072%1h86,513.1+0.017%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0082%8h86,592.9+0.109%$5.88B$10.72B200xas long as short
Lighter BTC+0.0096%1h86,528.1+0.034%$170.3M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,538.1+0.046%$24.1M$151.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,510+0.013%$8.5M$52.5M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,492−0.007%$205K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,540+0.048%$4.8M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,510.1+0.013%$21.8M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,592+0.108%$3.79B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,552.9+0.063%$40.8M$524.0M50xas long as short
Bybit BTCUSDT+0.0100%8h86,592.7+0.109%$5.27B$9.81B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,596.2+0.113%$2.55B$12.75B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,526+0.032%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,548.6+0.058%$7.6M$95.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,560.7+0.072%$572.5M$17.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,514+0.018%$38.0M$155.0M75xas long as short
Variational Omni BTCshort+0.0100%8h86,524.8+0.031%$155.3M$568.2M—
edgeX BTCUSDC+0.0100%4h86,541.9+0.050%$279.6M$945.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,542.5+0.051%$217.3M$172.2M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,541.7+0.050%$141.4M$323.6M100xas long as short
StandX BTC-USD+0.0100%1h86,538.5+0.046%$30.7M$204.5M40xas long as short
Vest BTC-PERP+0.0100%1h86,566.4+0.079%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,513+0.017%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,515+0.019%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,500.7+0.003%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,523.4+0.029%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,541.1+0.049%$30.6M$62.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,501.6+0.004%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,513+0.017%$60.5M$337.6M40xas long as short
HTX BTC-USDTlong+0.0100%8h86,498.4long leg$2.30B$969.6M200x
Aftermath Perps BTCUSD+0.0103%1h86,546.4+0.055%$79K$220K20xas long as short
Extended BTC-USD+0.0104%1h86,555.6+0.066%$45.4M$226.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,537.6+0.045%—$99.1M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,554.1+0.064%$193.5M$951.0M100xas long as short
Perpl BTC+0.0112%43m86,540.8+0.049%$416K$23.3M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,570.9+0.084%$132.6M$5.68B50xas long as short
Hibachi BTC/USDT-P+0.0176%1h86,578.4+0.093%$722K$8.0M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0191% / S −0.0214%1h86,533.8+0.041%$15.1M—200xas long as short
BloFin BTC-USDT+0.0192%8h86,519.3+0.024%$414.3M$658.1M150xas long as short
Kalshi KXBTCPERP+0.0205%8h86,546+0.055%$9.8M$740.8M6.4xas long as short