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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Funding you earn now, next payment 11:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.004%
Price spread now: Aevo against Popdex−0.004%7-day average −0.020% · 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−$270.272% of the position
Long on PopdexShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.018%−$2 on $10k
Price spread, last 4 days (all we have)−0.075%−$7 · spread now −0.004%, 7d avg −0.020%
Together, before fees−0.092%−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex BTCUSDT86,0730.0072pay 0.0009% / 1h52m 19s$8.8M$45.3M100x
ShortAevo BTC-PERP86,069.30.0096get 0.0012% / 1h52m 19s$2.4M$6.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Popdex. 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
$5.04
Price spread: −0.004% → −0.020%
$1.53
Slippage, 4 orders
−$4.85
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$20.67
Costs to cover
0.272%
Break-even
35.7 days
Slippage from Popdex: live order book, 5 min ago; Aevo: 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 Popdex live order book, 5 min ago0.06 bp4.4 bp −$44.4 bp −$444.7 bp −$4746.1 bp −$3,039
Sell Aevo live order book, 5 min ago0.69 bp9.5 bp −$911.7 bp −$11717.9 bp −$1,789doesn'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+0.062%$2.0M$7.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,197+0.144%$8K$2K50xas long as short
01 Exchange BTCUSD−0.0024%1h86,076.4+0.004%$363K$2.0M50xas long as short
BloFin BTC-USDT−0.0020%8h86,091.8+0.022%$421.2M$564.2M150xas long as short
SoDEX BTC-USD−0.0011%1h86,100+0.031%$65.9M$188.0M40xas long as short
dYdX BTC-USD0.0000%1h86,064.4−0.010%$16.9M$14.6M50xas long as short
Perpl BTC0.0000%43m86,108.2+0.041%$481K$13.8M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,111.6+0.045%$36.8M—200xas long as short
Injective BTC/USDC PERP+0.0009%1h86,214+0.164%$301K$26.1M52xas long as short
Aster BTCUSDT+0.0028%8h86,085.8+0.015%$513.2M$875.3M200xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XBTUSD+0.0029%1h86,113.5+0.047%$191.3M$770.3M100xas long as short
BingX BTC-USDC+0.0030%8h86,065.8−0.008%—$16.3M—as long as short
Bybit BTCUSDT+0.0036%8h86,100+0.031%$5.14B$8.14B150xas long as short
ApeX Omni BTCUSDT+0.0037%1h86,155.8+0.096%$137.8M$295.3M100xas long as short
KuCoin XBTUSDTM+0.0054%8h86,076.2+0.004%$942.9M$634.7M125xas long as short
Gate BTC_USDT+0.0063%8h86,084.1+0.013%$5.51B$8.88B200xas long as short
Popdex BTCUSDTlong+0.0072%1h86,073long leg$8.8M$45.3M100x
Phemex BTCUSDT+0.0088%8h86,088.5+0.018%$170.6M$479.1M150xas long as short
Bitget BTCUSDT+0.0095%8h86,088.2+0.018%$2.99B$3.97B150xas long as short
Lighter BTC+0.0096%1h86,103.5+0.035%$173.8M$852.8M50xas long as short
Lighter RH BTC+0.0096%1h86,105.8+0.038%$23.4M$119.0M50xas long as short
Aevo BTC-PERPshort+0.0096%1h86,069.3−0.004%$2.4M$6.7M20x
HTX BTC-USDT+0.0097%8h86,076.7+0.004%$2.27B$805.8M200xas long as short
Binance BTCUSDT+0.0099%8h86,089.2+0.019%$9.46B$20.58B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,048−0.029%$218K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,112+0.045%$6.0M$7.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,059.5−0.016%$23.5M$196.0M50xas long as short
Pacifica BTC+0.0100%1h86,101.8+0.033%$40.4M$570.0M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,106.2+0.039%$2.61B$9.51B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,063−0.012%$4.0M$15.1M25xas long as short
Arcus BTC-USD+0.0100%1h86,105.1+0.037%$4.2M$90.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,169.3+0.112%$716.4M$134.3M40xas long as short
MEXC BTC_USDT+0.0100%8h86,084+0.013%$5.18B$4.82B500xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,094.4+0.025%$38.7M$196.3M75xas long as short
Variational Omni BTC+0.0100%8h86,125.5+0.061%$158.0M$474.6M—as long as short
edgeX BTCUSDC+0.0100%4h86,136.3+0.074%$290.0M$813.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,151.9+0.092%$216.4M$133.7M50xas long as short
StandX BTC-USD+0.0100%1h86,151+0.091%$30.3M$222.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,134.7+0.072%—$9.4M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,077+0.005%$11.0M$12.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,093.8+0.024%$205K$3.2M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,080.1+0.008%$2.7M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,127.2+0.063%$195K$564K40xas long as short
SunX BTC-USDT+0.0100%8h86,061.2−0.014%$3.2M$6.6M100xas long as short
Extended BTC-USD+0.0104%1h86,062.9−0.012%$47.0M$203.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h86,101.5+0.033%—$81.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,143.8+0.082%$112.3M$4.98B50xas long as short
Hyperliquid BTC+0.0159%1h86,166+0.108%$3.97B$4.36B40xas long as short
Kalshi KXBTCPERP+0.0159%8h86,102+0.034%$11.9M$733.1M6.4xas long as short
Reya BTCRUSDPERP+0.0163%1h86,062.8−0.012%$6.6M$131.1M40xas long as short
RISEx BTC/USDC+0.0187%1h86,098.7+0.030%$8.9M$37.1M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0211% / S −0.0251%1h86,101.2+0.033%$15.6M—200xas long as short
Deribit BTC-PERPETUAL+0.0245%1h86,143.2+0.082%$822.7M$1.50B50xas long as short
Hibachi BTC/USDT-P+0.0352%1h86,160+0.101%$727K$7.0M30xas long as short
Aftermath Perps BTCUSD+0.0450%1h86,144.6+0.083%$79K$245K20xas long as short