BTC funding arbitrage: bybit vs phoenix
Long BTCPERP on bybit against short BTC on phoenix.
| Side | Exchange | Symbol | Funding | Funding APR | 24h volume | Open interest |
|---|---|---|---|---|---|---|
| Long | bybit | BTCPERP | 0.0062% / 8h | +6.83% | $59.81M | $66.89M |
| Short | phoenix | BTC | 0.0031% / 1h | +26.77% | $5.08M | $3.43M |
Funding spread +19.94% APR. Price spread +0.1250%.
Data generated at 2026-09-01T05:32:23Z. Live numbers load on this page automatically.