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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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: Arcus against OKX+0.070%7-day average +0.031% · 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−$11as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Long on OKXShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.002%$0 on $10k
Price spread, last 7 days−0.053%−$5 · spread now +0.070%, 7d avg +0.031%
Together, before fees−0.051%−$5 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: Arcus is 0.039% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BTC-USDT-SWAP86,3650.0100pay 0.0100% / 8h21m 15s$2.55B$12.72B100x
ShortArcus BTC-USD86,425.60.0100get 0.0013% / 1h21m 15s$7.4M$95.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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: +0.070% → +0.031%
$3.89
Slippage, 4 orders
−$0.56
Fee OKX: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$11.17
Costs to cover
0.151%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Arcus: live order book, 3 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 OKX live order book, 3 min ago0.01 bp5.0 bp −$55.0 bp −$505.5 bp −$5537.0 bp −$3,495
Sell Arcus live order book, 3 min ago0.01 bp2.3 bp −$23.1 bp −$313.9 bp −$389doesn'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%1h86,367+0.002%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,360−0.006%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,345−0.023%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,394+0.034%$8.3M$42.8M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,392.5+0.032%$359K$2.5M50xas long as short
Aster BTCUSDT−0.0001%8h86,380.7+0.018%$501.2M$1.15B200xas long as short
Perpl BTC0.0000%43m86,418.6+0.062%$412K$22.9M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,387.9+0.027%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0017%8h86,378.2+0.015%$852.6M$715.8M125xas long as short
Reya BTCRUSDPERP+0.0033%1h86,384+0.022%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BTC-PERPETUAL+0.0039%1h86,395.3+0.035%$914.0M$1.48B50xas long as short
BingX BTC-USDT+0.0042%8h86,376.5+0.013%—$1.59B—as long as short
Bitget BTCUSDT+0.0052%8h86,350.3−0.017%$2.96B$5.13B150xas long as short
Phemex BTCUSDT+0.0054%8h86,361.3−0.004%$150.1M$478.8M150xas long as short
dYdX BTC-USD+0.0060%1h86,411.1+0.053%$16.9M$21.2M50xas long as short
Aevo BTC-PERP+0.0064%1h86,346.4−0.022%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0068%8h86,384.1+0.022%$5.16B$5.67B500xas long as short
Binance BTCUSDT+0.0069%8h86,377.2+0.014%$9.42B$24.59B150xas long as short
Gate BTC_USDT+0.0081%8h86,380.7+0.018%$5.85B$10.78B200xas long as short
SoDEX BTC-USD+0.0089%1h86,354−0.013%$60.4M$338.1M40xas long as short
Lighter BTC+0.0096%1h86,392.2+0.031%$170.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,404+0.045%$23.9M$152.5M50xas long as short
Popdex BTCUSDT+0.0096%1h86,392+0.031%$8.4M$52.4M100xas long as short
Bybit BTCUSDT+0.0097%8h86,367.3+0.003%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,363−0.002%$202K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,430.7+0.076%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,396.5+0.036%$21.9M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,460+0.110%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,417.2+0.060%$41.0M$529.8M50xas long as short
OKX BTC-USDT-SWAPlong+0.0100%8h86,365long leg$2.55B$12.72B100x
Ondo Perps BTC-USD.P+0.0100%1h86,397+0.037%$3.9M$18.7M25xas long as short
Arcus BTC-USDshort+0.0100%1h86,425.6+0.070%$7.4M$95.5M40x
Backpack BTC_USDC_PERP+0.0100%1h86,402.9+0.044%$38.0M$156.7M75xas long as short
Variational Omni BTC+0.0100%8h86,376.4+0.013%$157.0M$568.3M—as long as short
edgeX BTCUSDC+0.0100%4h86,328.2−0.043%$278.8M$946.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,354.3−0.012%$216.8M$171.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,355.9−0.011%$141.2M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,377.3+0.014%$30.6M$205.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,432.1+0.078%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,391+0.030%$11.1M$13.9M50xas long as short
Bullet BTC-USD+0.0100%1h86,382.9+0.021%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,352.1−0.015%$2.4M$9.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,379.4+0.017%$140K$664K40xas long as short
Derive BTC-PERP+0.0100%1h86,387.9+0.026%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,402.6+0.044%$3.4M$5.3M100xas long as short
HTX BTC-USDT+0.0100%8h86,350.1−0.017%$2.29B$968.1M200xas long as short
Bulk BTC-USD+0.0100%1h86,464.9+0.116%$572.1M$16.9M40xas long as short
Extended BTC-USD+0.0104%1h86,336.4−0.033%$45.6M$227.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,421.4+0.065%—$99.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,385.3+0.024%$191.7M$953.9M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,408.2+0.050%$132.2M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0154%1h86,432.6+0.078%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,447.2+0.095%$728K$8.0M30xas long as short
BloFin BTC-USDT+0.0189%8h86,357.9−0.008%$415.7M$658.0M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0197% / S −0.0220%1h86,390.8+0.030%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0206%8h86,419+0.063%$9.8M$749.8M6.4xas long as short