Settings8H · net · $10k
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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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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.

Funding you earn now, next payment 16:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.42 per $10,000 · paid last 24h +0.011%
Price spread now: Bitget against KuCoin+0.016%7-day average 0.000% · 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−$22as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Long on KuCoinShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 7 days−0.020%−$2 · spread now +0.016%, 7d avg 0.000%
Together, before fees+0.006%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XBTUSDTM86,057.40.0053pay 0.0053% / 8h5h 52m$942.7M$634.7M125x
ShortBitget BTCUSDT86,0710.0095get 0.0095% / 8h5h 52m$2.99B$3.97B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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

Funding earned
$8.82
Price spread: +0.016% → 0.000%
$1.59
Slippage, 4 orders
−$0.02
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$13.62
Costs to cover
0.240%
Break-even
17.8 days
Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago0.01 bp6.0 bp −$67.2 bp −$729.4 bp −$938doesn't fit
Sell Bitget live order book, 5 min ago0.01 bp6.0 bp −$66.2 bp −$626.9 bp −$686doesn't fit

BTC on 55 exchanges

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−0.0133%1h86,126+0.080%$2.0M$7.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,197+0.162%$8K$2K50xas long as short
01 Exchange BTCUSD−0.0024%1h86,076.4+0.022%$363K$2.0M50xas long as short
BloFin BTC-USDT−0.0020%8h86,091.8+0.040%$421.2M$564.2M150xas long as short
SoDEX BTC-USD−0.0011%1h86,100+0.050%$65.9M$188.0M40xas long as short
dYdX BTC-USD0.0000%1h86,064.4+0.008%$16.9M$14.6M50xas long as short
Perpl BTC0.0000%43m86,108.2+0.059%$481K$13.8M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,111.6+0.063%$36.8M—200xas long as short
Injective BTC/USDC PERP+0.0009%1h86,214+0.182%$301K$26.1M52xas long as short
Aster BTCUSDT+0.0028%8h86,058.3+0.001%$513.1M$875.2M200xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XBTUSD+0.0029%1h86,122.6+0.076%$191.2M$770.6M100xas long as short
BingX BTC-USDC+0.0030%8h86,046.9−0.012%—$16.3M—as long as short
Bybit BTCUSDT+0.0036%8h86,077+0.023%$5.14B$8.13B150xas long as short
ApeX Omni BTCUSDT+0.0037%1h86,155.8+0.114%$137.8M$295.3M100xas long as short
KuCoin XBTUSDTMlong+0.0053%8h86,057.4long leg$942.7M$634.7M125x
Gate BTC_USDT+0.0063%8h86,080.2+0.027%$5.51B$8.88B200xas long as short
Popdex BTCUSDT+0.0072%1h86,073+0.018%$8.8M$45.3M100xas long as short
Phemex BTCUSDT+0.0081%8h86,096.9+0.046%$170.7M$479.4M150xas long as short
Bitget BTCUSDTshort+0.0095%8h86,071+0.016%$2.99B$3.97B150x
Lighter BTC+0.0096%1h86,078.8+0.025%$173.6M$852.5M50xas long as short
Lighter RH BTC+0.0096%1h86,073.6+0.019%$23.5M$118.7M50xas long as short
Aevo BTC-PERP+0.0096%1h86,087.7+0.035%$2.4M$6.7M20xas long as short
HTX BTC-USDT+0.0099%8h86,098.7+0.048%$2.27B$805.1M200xas long as short
Binance BTCUSDT+0.0099%8h86,063.3+0.007%$9.45B$20.58B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,048−0.011%$218K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,112+0.063%$6.0M$7.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,103.1+0.053%$23.5M$196.2M50xas long as short
Pacifica BTC+0.0100%1h86,101.8+0.052%$40.4M$570.0M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,074.7+0.020%$2.61B$9.50B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,063+0.007%$4.0M$15.1M25xas long as short
Arcus BTC-USD+0.0100%1h86,105.1+0.055%$4.2M$90.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,169.3+0.130%$716.4M$134.3M40xas long as short
MEXC BTC_USDT+0.0100%8h86,069.4+0.014%$5.18B$4.82B500xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,094.4+0.043%$38.7M$196.3M75xas long as short
Variational Omni BTC+0.0100%8h86,125.5+0.079%$158.0M$474.6M—as long as short
edgeX BTCUSDC+0.0100%4h86,136.3+0.092%$290.0M$813.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,151.9+0.110%$216.4M$133.7M50xas long as short
StandX BTC-USD+0.0100%1h86,151+0.109%$30.3M$222.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,159.6+0.119%—$9.4M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,106+0.056%$11.1M$12.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,103+0.053%$205K$3.2M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,097+0.046%$2.7M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,149.8+0.107%$195K$564K40xas long as short
SunX BTC-USDT+0.0100%8h86,124.6+0.078%$3.2M$6.6M100xas long as short
Extended BTC-USD+0.0104%1h86,046.1−0.013%$47.0M$203.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h86,114.2+0.066%—$81.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,153.6+0.112%$112.3M$4.98B50xas long as short
Hyperliquid BTC+0.0158%1h86,152+0.110%$3.97B$4.36B40xas long as short
Kalshi KXBTCPERP+0.0160%8h86,134+0.089%$11.8M$732.6M6.4xas long as short
Reya BTCRUSDPERP+0.0163%1h86,081.8+0.028%$6.6M$131.1M40xas long as short
RISEx BTC/USDC+0.0187%1h86,098.7+0.048%$8.9M$37.1M25xas long as short
Deribit BTC-PERPETUAL+0.0208%1h86,161.1+0.121%$822.7M$1.51B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0210% / S −0.0250%1h86,110.4+0.062%$15.6M—200xas long as short
Hibachi BTC/USDT-P+0.0352%1h86,175.6+0.137%$716K$7.0M30xas long as short
Aftermath Perps BTCUSD+0.0453%1h86,154.7+0.113%$79K$245K20xas long as short