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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 22:00 UTC−0.0335%/8h= −36.7% APRpaid last 24h +0.018%
Price spread now: Aftermath Perps against SunX−0.017%7-day average +0.032% · 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−$33as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Long on SunXShort on Aftermath Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.036%+$4 on $10k
Price spread, last 3 days (all we have)+0.142%+$14 · spread now −0.017%, 7d avg +0.032%
Together, before fees+0.178%+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aftermath Perps is 0.049% cheaper against SunX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.036% in total (about 4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT86,735.30.0100pay 0.0100% / 8h2h 22m$3.4M$5.5M100x
ShortAftermath Perps BTCUSD86,720.9−0.0235pay 0.0029% / 1h22m 35s$85K$188K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SunX. 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
−$70.45
Price spread: −0.017% → +0.032%
−$4.89
Slippage, 4 orders
−$11.39
Fee SunX: 4 bp × 2 orders
−$8
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$103.73
Costs to cover
0.284%
Break-even
never at this rate
Slippage from SunX: live order book, 6 min ago; Aftermath Perps: live order book, 2 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 SunX live order book, 6 min ago0.49 bp4.5 bp −$45.4 bp −$547.9 bp −$78510.7 bp −$5,341
Sell Aftermath Perps live order book, 2 min ago1.77 bp6.3 bp −$615.9 bp −$159doesn't fitdoesn'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
Aftermath Perps BTCUSDshort−0.0235%1h86,720.9−0.017%$85K$188K20x
Perpl BTC−0.0223%43m86,780.5+0.052%$430K$24.8M6.7xas long as short
Phoenix BTC−0.0103%1h86,781+0.053%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,726−0.011%$9K$3K50xas long as short
dYdX BTC-USD−0.0067%1h86,773.8+0.044%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,771.2+0.041%$364K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,767.1+0.037%$934.0M$1.45B50xas long as short
KuCoin XBTUSDTM+0.0004%8h86,739.8+0.005%$848.6M$706.9M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,766.5+0.036%$36.9M—200xas long as short
Aster BTCUSDT+0.0010%8h86,735.20.000%$506.6M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,740.5+0.006%$6.7M$144.4M40xas long as short
Phemex BTCUSDT+0.0022%8h86,741+0.007%$150.2M$471.6M150xas long as short
BingX BTC-USDT+0.0025%8h86,744.5+0.011%—$1.60B—as long as short
Bitget BTCUSDT+0.0034%8h86,741.9+0.008%$2.96B$5.08B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639−0.111%$315K$26.8M52xas long as short
Aevo BTC-PERP+0.0056%1h86,744+0.010%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0057%8h86,742.6+0.008%$5.19B$5.69B500xas long as short
Binance BTCUSDT+0.0059%8h86,744.4+0.010%$9.45B$24.35B150xas long as short
RISEx BTC/USDC+0.0063%1h86,751.4+0.019%$9.2M$41.9M25xas long as short
Gate BTC_USDT+0.0081%8h86,744.6+0.011%$5.86B$10.66B200xas long as short
OKX BTC-USDT-SWAP+0.0082%8h86,783.7+0.056%$2.56B$12.75B100xas long as short
Bybit BTCUSDT+0.0085%8h86,767.2+0.037%$5.29B$9.70B150xas long as short
Lighter BTC+0.0096%1h86,757.5+0.026%$171.9M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,762.4+0.031%$24.0M$153.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,744+0.010%$8.5M$52.3M100xas long as short
Variational Omni BTC+0.0097%8h86,726.9−0.010%$159.3M$566.6M—as long as short
Katana Perps BTC-USD+0.0100%8h86,732−0.004%$203K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,791.3+0.065%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,739.8+0.005%$21.8M$235.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,807+0.083%$3.82B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,770.9+0.041%$41.0M$492.6M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,751+0.018%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,808.2+0.084%$7.5M$94.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,577.9−0.182%$571.8M$22.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,722.5−0.015%$38.1M$148.5M75xas long as short
edgeX BTCUSDC+0.0100%4h86,653.8−0.094%$280.0M$950.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,676.9−0.067%$217.6M$187.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,687.3−0.055%$141.5M$322.6M100xas long as short
StandX BTC-USD+0.0100%1h86,775.2+0.046%$30.8M$204.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,820.4+0.098%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,762+0.031%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,748.3+0.015%$197K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,760.8+0.029%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,769.5+0.039%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,750.2+0.017%$30.0M$61.8M15xas long as short
SunX BTC-USDTlong+0.0100%8h86,735.3long leg$3.4M$5.5M100x
SoDEX BTC-USD+0.0100%1h86,732−0.004%$60.6M$336.4M40xas long as short
HTX BTC-USDT+0.0100%8h86,729.4−0.007%$2.30B$958.6M200xas long as short
Extended BTC-USD+0.0104%1h86,732−0.004%$46.3M$228.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,768.2+0.038%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,754.5+0.022%$188.5M$933.0M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,779.2+0.051%$132.1M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0139%8h86,815+0.092%$9.6M$726.5M6.4xas long as short
BloFin BTC-USDT+0.0177%8h86,733.1−0.003%$417.1M$654.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,756.7+0.025%$15.0M—200xas long as short
Hibachi BTC/USDT-P+0.0216%1h86,782.6+0.055%$618K$7.1M30xas long as short