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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 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Arcus against SoDEX+0.054%7-day average +0.024% · 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−$140.138% of the position
Long on SoDEXShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.017%+$2 on $10k
Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.054%, 7d avg +0.024%
Together, before fees+0.030%+$3 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 0.030% dearer against SoDEX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BTC-USD86,3690.0100pay 0.0013% / 1h4m 15s$60.4M$337.4M40x
ShortArcus BTC-USD86,415.60.0100get 0.0013% / 1h4m 15s$7.7M$94.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against SoDEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: +0.054% → +0.024%
$2.97
Slippage, 4 orders
−$1.34
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$10.87
Costs to cover
0.138%
Break-even
never at this rate
Slippage from SoDEX: live order book, 5 min ago; Arcus: 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 SoDEX live order book, 5 min ago0.06 bp4.1 bp −$44.1 bp −$415.1 bp −$50642.7 bp −$21.4K
Sell Arcus live order book, 5 min ago0.01 bp2.3 bp −$22.3 bp −$233.3 bp −$332doesn'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
Bluefin BTC-PERP−0.0477%1h86,396.1+0.031%$140K$663K40xas long as short
Phoenix BTC−0.0159%1h86,349−0.023%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,355−0.016%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0016%1h86,377.8+0.010%$357K$2.5M50xas long as short
Aster BTCUSDT−0.0010%8h86,366.6−0.003%$503.1M$1.15B200xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,401.9+0.038%$917.4M$1.49B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,380+0.013%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,361.3−0.009%$849.1M$713.3M125xas long as short
RISEx BTC/USDC+0.0006%1h86,369.9+0.001%$8.4M$42.8M25xas long as short
dYdX BTC-USD+0.0008%1h86,352−0.020%$16.9M$21.1M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0023%1h86,355.8−0.015%$6.7M$145.1M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,360−0.010%$332K$26.8M52xas long as short
BingX BTC-USDT+0.0037%8h86,374.5+0.006%—$1.59B—as long as short
Phemex BTCUSDT+0.0043%8h86,369.20.000%$149.8M$477.4M150xas long as short
Bitget BTCUSDT+0.0048%8h86,372.9+0.005%$2.95B$5.11B150xas long as short
MEXC BTC_USDT+0.0064%8h86,371+0.002%$5.12B$5.72B500xas long as short
Aevo BTC-PERP+0.0064%1h86,359.1−0.011%$2.4M$1.3M20xas long as short
Binance BTCUSDT+0.0065%8h86,370.1+0.001%$9.41B$24.48B150xas long as short
Aftermath Perps BTCUSD+0.0067%1h86,385+0.019%$80K$219K20xas long as short
Gate BTC_USDT+0.0081%8h86,362.9−0.007%$5.84B$10.78B200xas long as short
Lighter BTC+0.0096%1h86,374.5+0.006%$169.8M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,388.6+0.023%$24.0M$153.0M50xas long as short
Popdex BTCUSDT+0.0096%1h86,366−0.003%$8.4M$52.4M100xas long as short
Bybit BTCUSDT+0.0096%8h86,377.6+0.010%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,338−0.036%$205K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,398.8+0.034%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,359−0.012%$21.8M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,431+0.072%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,390.4+0.025%$40.7M$517.9M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,376.5+0.009%$2.54B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,361−0.009%$3.9M$18.6M25xas long as short
Arcus BTC-USDshort+0.0100%1h86,415.6+0.054%$7.7M$94.6M40x
Bulk BTC-USD+0.0100%1h86,320.9−0.056%$570.7M$18.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,363.8−0.006%$37.8M$154.7M75xas long as short
Variational Omni BTC+0.0100%8h86,349.5−0.023%$155.5M$568.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,273.7−0.110%$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%1h86,285.8−0.096%$141.1M$323.8M100xas long as short
StandX BTC-USD+0.0100%1h86,341−0.032%$30.6M$204.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,403.5+0.040%—$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,359−0.012%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,365.2−0.004%$191K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,373.1+0.005%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h86,397.1+0.033%$30.6M$62.2M15xas long as short
SunX BTC-USDT+0.0100%8h86,350.2−0.022%$3.4M$5.4M100xas long as short
SoDEX BTC-USDlong+0.0100%1h86,369long leg$60.4M$337.4M40x
HTX BTC-USDT+0.0100%8h86,335.7−0.039%$2.29B$968.7M200xas long as short
Extended BTC-USD+0.0104%1h86,353−0.018%$45.6M$226.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,377.8+0.010%—$98.9M500xas long as short
Perpl BTC+0.0112%43m86,355.8−0.015%$418K$23.5M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,414.2+0.052%$132.0M$5.68B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,396.2+0.031%$191.8M$946.5M100xas long as short
Hibachi BTC/USDT-P+0.0144%1h86,366.7−0.003%$718K$8.1M30xas long as short
BloFin BTC-USDT+0.0185%8h86,347.3−0.025%$414.6M$653.8M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0188% / S −0.0211%1h86,377.3+0.010%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0199%8h86,386+0.020%$9.7M$736.3M6.4xas long as short