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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Bulk against MEXC−0.152%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$110.110% of the position
Long on MEXCShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.012%+$1 on $10k
Price spread, last 7 days+0.153%+$15 · spread now −0.152%, 7d avg 0.000%
Together, before fees+0.165%+$16 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: Bulk is 0.153% cheaper against MEXC than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BTC_USDT86,164.50.0100pay 0.0100% / 8h5h 56m$5.18B$4.81B500x
ShortBulk BTC-USD86,033.40.0100get 0.0013% / 1h56m 58s$714.5M$139.4M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against MEXC. 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
$0
Price spread: −0.152% → 0.000%
−$15.26
Slippage, 4 orders
−$0.04
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$26.3
Costs to cover
0.110%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; Bulk: 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 MEXC live order book, 5 min ago0.01 bp2.0 bp −$22.0 bp −$202.0 bp −$2012.2 bp −$1,076
Sell Bulk live order book, 5 min ago0.01 bp3.5 bp −$43.5 bp −$353.7 bp −$3684.8 bp −$2,405

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
Hotstuff BTC-PERP−0.0080%1h86,197+0.038%$8K$2K50xas long as short
SoDEX BTC-USD−0.0034%1h86,164−0.001%$66.0M$188.1M40xas long as short
01 Exchange BTCUSD−0.0032%1h86,160.2−0.005%$363K$2.0M50xas long as short
BloFin BTC-USDT−0.0020%8h86,159.8−0.005%$421.0M$566.8M150xas long as short
ApeX Omni BTCUSDT−0.0004%1h86,185.3+0.024%$138.2M$295.1M100xas long as short
dYdX BTC-USD0.0000%1h86,162.9−0.002%$16.9M$14.5M50xas long as short
Perpl BTC0.0000%43m86,228.2+0.074%$483K$13.8M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,178.5+0.016%$36.8M—200xas long as short
Injective BTC/USDC PERP+0.0009%1h86,214+0.057%$301K$26.1M52xas long as short
BingX BTC-USDT+0.0029%8h86,167.9+0.004%—$1.34B—as long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XBTUSD+0.0029%1h86,186.1+0.025%$191.8M$775.3M100xas long as short
Aster BTCUSDT+0.0032%8h86,160.5−0.005%$513.5M$880.2M200xas long as short
Bybit BTCUSDT+0.0037%8h86,173.7+0.011%$5.15B$8.18B150xas long as short
Phoenix BTC+0.0053%1h86,185+0.024%$2.0M$7.8M40xas long as short
KuCoin XBTUSDTM+0.0053%8h86,171+0.008%$943.3M$638.0M125xas long as short
Gate BTC_USDT+0.0070%8h86,171.7+0.008%$5.52B$8.87B200xas long as short
Popdex BTCUSDT+0.0072%1h86,151−0.016%$8.8M$45.6M100xas long as short
Phemex BTCUSDT+0.0080%8h86,164.70.000%$170.7M$480.3M150xas long as short
Lighter BTC+0.0096%1h86,184.5+0.023%$173.9M$850.6M50xas long as short
Lighter RH BTC+0.0096%1h86,186.6+0.026%$23.6M$118.4M50xas long as short
Bitget BTCUSDT+0.0096%8h86,166.5+0.002%$2.99B$3.99B150xas long as short
Aevo BTC-PERP+0.0096%1h86,147.4−0.020%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h86,128−0.042%$219K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,213.3+0.057%$6.0M$7.8M50xas long as short
Nado BTC-PERP+0.0100%1h86,156.1−0.010%$23.7M$197.1M50xas long as short
Pacifica BTC+0.0100%1h86,187.5+0.027%$40.4M$570.0M50xas long as short
Binance BTCUSDT+0.0100%8h86,164.10.000%$9.46B$20.73B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,170.7+0.007%$2.62B$9.55B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,156−0.010%$4.0M$15.2M25xas long as short
Arcus BTC-USD+0.0100%1h86,185+0.024%$4.2M$90.5M40xas long as short
Bulk BTC-USDshort+0.0100%1h86,033.4−0.152%$714.5M$139.4M40x
MEXC BTC_USDTlong+0.0100%8h86,164.5long leg$5.18B$4.81B500x
Backpack BTC_USDC_PERP+0.0100%1h86,159.8−0.005%$38.7M$195.7M75xas long as short
Variational Omni BTC+0.0100%8h86,112.6−0.060%$157.8M$476.8M—as long as short
edgeX BTCUSDC+0.0100%4h86,094.9−0.081%$289.8M$841.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,177.2+0.015%$216.5M$133.7M50xas long as short
StandX BTC-USD+0.0100%1h86,183.5+0.022%$30.3M$222.5M40xas long as short
Vest BTC-PERP+0.0100%1h86,215.8+0.059%—$9.3M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,159−0.006%$11.1M$12.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,172.5+0.009%$206K$3.2M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,159.2−0.006%$2.7M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,209.1+0.052%$195K$564K40xas long as short
SunX BTC-USDT+0.0100%8h86,171.6+0.008%$3.2M$6.7M100xas long as short
HTX BTC-USDT+0.0100%8h86,160.3−0.005%$2.28B$806.1M200xas long as short
Extended BTC-USD+0.0104%1h86,142.2−0.026%$46.9M$203.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h86,162.5−0.002%—$81.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,214.4+0.058%$112.4M$4.99B50xas long as short
Kalshi KXBTCPERP+0.0161%8h86,191+0.031%$11.8M$732.2M6.4xas long as short
Reya BTCRUSDPERP+0.0162%1h86,134.9−0.034%$6.6M$131.1M40xas long as short
Hyperliquid BTC+0.0168%1h86,266+0.118%$3.97B$4.41B40xas long as short
RISEx BTC/USDC+0.0187%1h86,207.6+0.050%$8.9M$37.4M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0209% / S −0.0248%1h86,178.9+0.017%$15.6M—200xas long as short
Deribit BTC-PERPETUAL+0.0233%1h86,221.4+0.066%$822.6M$1.52B50xas long as short
Hibachi BTC/USDT-P+0.0344%1h86,238.4+0.086%$718K$7.0M30xas long as short
Aftermath Perps BTCUSD+0.0442%1h86,205.9+0.048%$82K$244K20xas long as short