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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 23:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.018%
Price spread now: BingX against RISEx+0.005%7-day average −0.008% · 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−$15as in the Price arb table
costs, in and out, $10k−$170.167% of the position
Long on RISExShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.048%−$5 on $10k
Price spread, last 7 days−0.034%−$3 · spread now +0.005%, 7d avg −0.008%
Together, before fees−0.082%−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BTC/USDC86,369.90.0006pay 0.0001% / 1h4m 00s$8.4M$42.8M25x
ShortBingX BTC-USDT86,374.50.0037get 0.0037% / 8h1h 04m—$1.59B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against RISEx. 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
$6.47
Price spread: +0.005% → −0.008%
$1.38
Slippage, 4 orders
−$0.66
Fee RISEx: 3 bp × 2 orders
−$6
Fee BingX: 5 bp × 2 orders
−$10
Net
−$8.8
Costs to cover
0.167%
Break-even
16.5 days
Slippage from RISEx: live order book, 5 min ago; BingX: live order book, 15 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 RISEx live order book, 5 min ago0.01 bp3.4 bp −$33.4 bp −$3410.6 bp −$1,063doesn't fit
Sell BingX live order book, 15 min ago0.02 bp5.0 bp −$55.0 bp −$505.0 bp −$5025.6 bp −$2,817

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
Bluefin BTC-PERP−0.0477%1h86,396.1+0.030%$140K$663K40xas long as short
Phoenix BTC−0.0159%1h86,349−0.024%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,355−0.017%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0016%1h86,377.8+0.009%$357K$2.5M50xas long as short
Aster BTCUSDT−0.0010%8h86,366.7−0.004%$503.1M$1.15B200xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,401.9+0.037%$917.4M$1.49B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,380+0.012%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,361.3−0.010%$849.1M$713.3M125xas long as short
RISEx BTC/USDClong+0.0006%1h86,369.9long leg$8.4M$42.8M25x
dYdX BTC-USD+0.0008%1h86,352−0.021%$16.9M$21.1M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0023%1h86,355.8−0.016%$6.7M$145.1M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,360−0.011%$332K$26.8M52xas long as short
BingX BTC-USDTshort+0.0037%8h86,374.5+0.005%—$1.59B—
Phemex BTCUSDT+0.0043%8h86,369.2−0.001%$149.8M$477.4M150xas long as short
Bitget BTCUSDT+0.0048%8h86,375.8+0.007%$2.95B$5.11B150xas long as short
MEXC BTC_USDT+0.0064%8h86,371+0.001%$5.12B$5.72B500xas long as short
Aevo BTC-PERP+0.0064%1h86,359.1−0.012%$2.4M$1.3M20xas long as short
Binance BTCUSDT+0.0065%8h86,371.8+0.002%$9.41B$24.48B150xas long as short
Aftermath Perps BTCUSD+0.0067%1h86,385+0.018%$80K$219K20xas long as short
Gate BTC_USDT+0.0081%8h86,369.90.000%$5.84B$10.78B200xas long as short
Lighter BTC+0.0096%1h86,374.5+0.005%$169.8M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,388.6+0.022%$24.0M$153.0M50xas long as short
Popdex BTCUSDT+0.0096%1h86,366−0.004%$8.4M$52.4M100xas long as short
Bybit BTCUSDT+0.0096%8h86,377.5+0.009%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,338−0.037%$205K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,398.8+0.033%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,359−0.013%$21.8M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,434+0.074%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,390.4+0.024%$40.7M$517.9M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,376.6+0.008%$2.54B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,361−0.010%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,415.6+0.053%$7.7M$94.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,320.9−0.057%$570.7M$18.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,363.8−0.007%$37.8M$154.7M75xas long as short
Variational Omni BTC+0.0100%8h86,349.5−0.024%$155.5M$568.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,273.7−0.111%$278.9M$945.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,335.7−0.039%$216.9M$174.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,285.8−0.097%$141.1M$323.8M100xas long as short
StandX BTC-USD+0.0100%1h86,341−0.033%$30.6M$204.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,403.5+0.039%—$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,359−0.013%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,365.2−0.005%$191K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,373.1+0.004%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h86,397.1+0.032%$30.6M$62.2M15xas long as short
SunX BTC-USDT+0.0100%8h86,350.2−0.023%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,369−0.001%$60.4M$337.4M40xas long as short
HTX BTC-USDT+0.0100%8h86,335.7−0.040%$2.29B$968.7M200xas long as short
Extended BTC-USD+0.0104%1h86,358.9−0.013%$45.5M$226.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,377.8+0.009%—$98.9M500xas long as short
Perpl BTC+0.0112%43m86,355.8−0.016%$418K$23.5M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,414.2+0.051%$132.0M$5.68B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,396.2+0.030%$191.8M$946.5M100xas long as short
Hibachi BTC/USDT-P+0.0144%1h86,366.7−0.004%$718K$8.1M30xas long as short
BloFin BTC-USDT+0.0185%8h86,347.3−0.026%$414.6M$653.8M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0188% / S −0.0211%1h86,377.3+0.009%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0199%8h86,386+0.019%$9.7M$736.3M6.4xas long as short