BTC funding arbitrage: binance vs phoenix

Long BTCUSDT on binance against short BTC on phoenix.

SideExchangeSymbolFundingFunding APR24h volumeOpen interest
LongbinanceBTCUSDT0.0100% / 8h+10.95%$9.45B$8.55B
ShortphoenixBTC0.0031% / 1h+26.77%$5.08M$3.43M

Funding spread +15.82% APR. Price spread +0.1196%.

Data generated at 2026-09-01T05:32:26Z. Live numbers load on this page automatically.