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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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 00:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.043%
Price spread now: Coinbase International against 01 Exchange+0.033%7-day average +0.026% · 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−$18as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Long on 01 ExchangeShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.109%+$11 on $10k
Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.033%, 7d avg +0.026%
Together, before fees+0.090%+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange BTCUSD86,349.5−0.0032get 0.0004% / 1h35m 09s$361K$2.4M50x
ShortCoinbase International BTC-PERP-INTX86,3780.0120get 0.0015% / 1h35m 09s$132.0M$5.42B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against 01 Exchange. 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
$31.92
Price spread: +0.033% → +0.026%
$0.73
Slippage, 4 orders
−$1.77
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$13.89
Costs to cover
0.188%
Break-even
4.0 days
Slippage from 01 Exchange: live order book, 4 min ago; Coinbase International: live order book, 4 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 01 Exchange live order book, 4 min ago0.01 bp3.7 bp −$49.3 bp −$93doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago0.01 bp5.0 bp −$55.0 bp −$505.6 bp −$55812.7 bp −$6,344

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−0.0645%1h86,350.4+0.001%$144K$666K40xas long as short
Phoenix BTC−0.0129%1h86,435+0.099%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,414+0.075%$9K$3K50xas long as short
01 Exchange BTCUSDlong−0.0032%1h86,349.5long leg$361K$2.4M50x
Perpl BTC0.0000%43m86,381.4+0.037%$497K$21.8M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,352+0.003%$36.9M—200xas long as short
Aster BTCUSDT+0.0021%8h86,335.6−0.016%$500.7M$1.14B200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,430+0.093%$333K$26.9M52xas long as short
dYdX BTC-USD+0.0026%1h86,393.1+0.050%$16.9M$20.5M50xas long as short
KuCoin XBTUSDTM+0.0038%8h86,343.7−0.007%$830.4M$721.5M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0044%1h86,332.8−0.019%$6.7M$145.7M40xas long as short
BingX BTC-USDT+0.0050%8h86,342.6−0.008%—$1.58B—as long as short
Deribit BTC-PERPETUAL+0.0052%1h86,375.9+0.031%$903.2M$1.51B50xas long as short
RISEx BTC/USDC+0.0052%1h86,347.1−0.003%$8.3M$42.5M25xas long as short
Bitget BTCUSDT+0.0062%8h86,332.3−0.020%$2.97B$5.04B150xas long as short
Phemex BTCUSDT+0.0067%8h86,327.8−0.025%$153.7M$473.9M150xas long as short
MEXC BTC_USDT+0.0077%8h86,336.4−0.015%$5.13B$5.69B500xas long as short
Binance BTCUSDT+0.0078%8h86,336.4−0.015%$9.40B$24.31B150xas long as short
Aevo BTC-PERP+0.0080%1h86,327.5−0.026%$2.5M$1.7M20xas long as short
HTX BTC-USDT+0.0090%8h86,325−0.028%$2.29B$964.7M200xas long as short
Lighter BTC+0.0096%1h86,351.6+0.002%$170.4M$985.0M50xas long as short
Lighter RH BTC+0.0096%1h86,353.4+0.005%$23.7M$149.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,345−0.005%$8.4M$52.0M100xas long as short
SoDEX BTC-USD+0.0096%1h86,336−0.016%$60.4M$338.2M40xas long as short
Katana Perps BTC-USD+0.0100%8h86,325−0.028%$203K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,395.6+0.053%$4.4M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,369.9+0.024%$22.0M$228.9M50xas long as short
Hyperliquid BTC+0.0100%1h86,406+0.065%$3.79B$4.99B40xas long as short
Pacifica BTC+0.0100%1h86,396.8+0.055%$40.7M$551.7M50xas long as short
Bybit BTCUSDT+0.0100%8h86,345.6−0.005%$5.25B$9.67B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,349.90.000%$2.56B$12.50B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,372+0.026%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h86,383.8+0.040%$7.2M$95.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,348−0.002%$573.1M$19.8M40xas long as short
Gate BTC_USDT+0.0100%8h86,342.7−0.008%$5.81B$10.53B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,328.8−0.024%$37.6M$156.0M75xas long as short
Variational Omni BTC+0.0100%8h86,400.1+0.059%$158.2M$561.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,397.1+0.055%$279.1M$950.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,397.9+0.056%$217.0M$165.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,397.4+0.055%$141.7M$321.3M100xas long as short
StandX BTC-USD+0.0100%1h86,386.3+0.043%$30.7M$208.9M40xas long as short
Vest BTC-PERP+0.0100%1h86,395.5+0.053%—$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,334−0.018%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,333.7−0.018%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,330.1−0.022%$2.4M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,365.3+0.018%$30.5M$58.9M15xas long as short
SunX BTC-USDT+0.0100%8h86,429+0.092%$3.4M$5.2M100xas long as short
Extended BTC-USD+0.0104%1h86,326.2−0.027%$45.9M$222.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,351.4+0.002%—$98.8M500xas long as short
Coinbase International BTC-PERP-INTXshort+0.0120%1h86,378+0.033%$132.0M$5.42B50x
Kraken Futures PF_XBTUSD+0.0121%1h86,367.6+0.021%$192.1M$941.6M100xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,449.8+0.116%$711K$8.0M30xas long as short
Aftermath Perps BTCUSD+0.0165%1h86,412.6+0.073%$77K$217K20xas long as short
BloFin BTC-USDT+0.0198%8h86,325.6−0.028%$415.6M$646.3M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0204% / S −0.0218%1h86,346.6−0.003%$14.5M—200xas long as short
Kalshi KXBTCPERP+0.0210%8h86,381+0.036%$9.9M$762.0M6.4xas long as short