Settings8H · net · $10k
Funding arb · Price arb /

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.001%
Price spread now: MEXC against Aevo−0.001%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$280.277% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.001%, 7d avg +0.013%
Together, before fees+0.050%+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP85,519.50.0088pay 0.0011% / 1h47m 40s$2.5M$1.7M20x
ShortMEXC BTC_USDT85,518.80.0089get 0.0089% / 8h4h 47m$5.04B$5.58B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Aevo. 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
$0.21
Price spread: −0.001% → +0.013%
−$1.41
Slippage, 4 orders
−$7.69
Fee Aevo: 8 bp × 2 orders
−$16
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$28.89
Costs to cover
0.277%
Break-even
969.9 days
Slippage from Aevo: live order book, 2 min ago; MEXC: 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 Aevo live order book, 2 min ago2.99 bp12.7 bp −$1320.1 bp −$201doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago0.01 bp2.0 bp −$22.0 bp −$202.3 bp −$2272.8 bp −$1,394

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−0.1202%1h85,559.5+0.047%$194K$725K40xas long as short
Phoenix BTC−0.0179%1h85,568+0.057%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,576+0.066%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h85,531.7+0.014%$368K$2.3M50xas long as short
BloFin BTC-USDT−0.0030%8h85,528.7+0.011%$417.9M$665.3M150xas long as short
KuCoin XBTUSDTM−0.0003%8h85,504.8−0.017%$918.2M$749.4M125xas long as short
dYdX BTC-USD0.0000%1h85,559.9+0.047%$16.7M$21.2M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,536.9+0.020%$36.5M200xas long as short
Aster BTCUSDT+0.0014%8h85,505.7−0.016%$515.3M$1.10B200xas long as short
Arcus BTC-USD+0.0021%1h85,531.1+0.014%$6.9M$97.2M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0056%1h85,533.9+0.017%$22.5M$218.7M50xas long as short
BingX BTC-USDC+0.0058%8h85,497.1−0.026%$17.1Mas long as short
Bitget BTCUSDT+0.0075%8h85,511.7−0.009%$2.96B$5.01B150xas long as short
Reya BTCRUSDPERP+0.0077%1h85,521.4+0.002%$6.7M$146.6M40xas long as short
Aevo BTC-PERPlong+0.0088%1h85,519.5long leg$2.5M$1.7M20x
MEXC BTC_USDTshort+0.0089%8h85,518.8−0.001%$5.04B$5.58B500x
Binance BTCUSDT+0.0089%8h85,528.6+0.011%$9.33B$23.98B150xas long as short
SoDEX BTC-USD+0.0092%1h85,514−0.006%$59.9M$336.1M40xas long as short
Lighter BTC+0.0096%1h85,522.6+0.004%$173.7M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h85,531.3+0.014%$23.8M$148.2M50xas long as short
Popdex BTCUSDT+0.0096%1h85,546+0.031%$8.4M$52.6M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,571.6+0.061%$3.9M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,524+0.005%$232K$7.9M50xas long as short
Hyperliquid BTC+0.0100%1h85,588+0.080%$3.74B$4.97B40xas long as short
Pacifica BTC+0.0100%1h85,558.7+0.046%$40.1M$575.8M50xas long as short
Bybit BTCUSDT+0.0100%8h85,542.2+0.026%$5.32B$9.58B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,548.1+0.033%$2.57B$12.09B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,529+0.011%$3.9M$17.9M25xas long as short
Bulk BTC-USD+0.0100%1h85,696.6+0.207%$648.3M$574.6M40xas long as short
Gate BTC_USDT+0.0100%8h85,516.4−0.004%$5.53B$10.55B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,507.1−0.015%$35.8M$175.9M75xas long as short
Variational Omni BTC+0.0100%8h85,584.4+0.076%$156.6M$560.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,637.5+0.138%$279.7M$917.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,650.2+0.153%$214.9M$165.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,590.3+0.083%$139.9M$314.8M100xas long as short
StandX BTC-USD+0.0100%1h85,595.3+0.089%$30.2M$207.5M40xas long as short
Vest BTC-PERP+0.0100%1h85,591.3+0.084%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,525+0.006%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,529+0.011%$194K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,513.6−0.007%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h85,517.8−0.002%$30.0M$50.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,514.1−0.006%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,514.1−0.006%$2.26B$939.2M200xas long as short
Phemex BTCUSDT+0.0100%8h85,514.9−0.005%$151.0M$482.9M150xas long as short
Extended BTC-USD+0.0104%1h85,496.9−0.027%$44.5M$226.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,530.8+0.013%$106.8M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,547.9+0.033%$117.5M$5.15B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,497−0.026%$339K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,539.4+0.023%$188.4M$952.7M100xas long as short
Deribit BTC-PERPETUAL+0.0173%1h85,564.9+0.053%$893.4M$1.53B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,535.8+0.019%$13.4M200xas long as short
Hibachi BTC/USDT-P+0.0184%1h85,584+0.075%$694K$7.9M30xas long as short
RISEx BTC/USDC+0.0194%1h85,574.5+0.064%$8.4M$42.4M25xas long as short
Aftermath Perps BTCUSD+0.0203%1h85,630.6+0.130%$78K$219K20xas long as short
Kalshi KXBTCPERP+0.0218%8h85,555+0.041%$10.5M$758.8M6.4xas long as short
Perpl BTC+0.0447%43m85,542.5+0.027%$494K$18.9M6.7xas long as short