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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h +0.009%
Price spread now: Ondo Perps against Aevo+0.023%7-day average +0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.023%, 7d avg +0.020%
Together, before fees+0.064%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP86,482.40.0072pay 0.0009% / 1h5m 33s$2.5M$1.4M20x
ShortOndo Perps BTC-USD.P86,5020.0100get 0.0013% / 1h5m 33s$3.9M$18.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$5.88
Price spread: +0.023% → +0.020%
$0.27
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$14.85
Costs to cover
0.210%
Break-even
24.7 days
Slippage unknown: Aevo: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 4 min ago3.21 bp11.2 bp −$1113.4 bp −$13420.6 bp −$2,064doesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phoenix BTC−0.0118%1h86,444−0.044%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,486+0.004%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,345−0.159%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,507.4+0.029%$8.3M$42.7M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,506.8+0.028%$360K$2.4M50xas long as short
Perpl BTC0.0000%43m86,504.2+0.025%$412K$22.5M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,510.6+0.033%$36.8M200xas long as short
Aster BTCUSDT+0.0012%8h86,497.8+0.018%$501.7M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0023%8h86,503.6+0.025%$834.3M$728.4M125xas long as short
Reya BTCRUSDPERP+0.0037%1h86,496.4+0.016%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0044%8h86,492.4+0.012%$1.59Bas long as short
Phemex BTCUSDT+0.0056%8h86,503.6+0.025%$151.5M$478.8M150xas long as short
Bitget BTCUSDT+0.0056%8h86,496.4+0.016%$2.97B$5.12B150xas long as short
dYdX BTC-USD+0.0063%1h86,506.6+0.028%$16.9M$21.2M50xas long as short
Aevo BTC-PERPlong+0.0072%1h86,482.4long leg$2.5M$1.4M20x
MEXC BTC_USDT+0.0074%8h86,494.9+0.014%$5.15B$5.69B500xas long as short
Binance BTCUSDT+0.0075%8h86,495+0.015%$9.44B$24.54B150xas long as short
Gate BTC_USDT+0.0081%8h86,491+0.010%$5.85B$10.82B200xas long as short
Lighter BTC+0.0096%1h86,503.2+0.024%$169.9M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,512.7+0.035%$23.8M$153.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,495+0.015%$8.5M$52.3M100xas long as short
Bybit BTCUSDT+0.0099%8h86,495.2+0.015%$5.26B$9.79B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,478−0.005%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,529.5+0.055%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,512.9+0.035%$21.7M$233.8M50xas long as short
Hyperliquid BTC+0.0100%1h86,573+0.105%$3.80B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,525.9+0.050%$41.1M$538.1M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,513+0.035%$2.55B$12.74B100xas long as short
Ondo Perps BTC-USD.Pshort+0.0100%1h86,502+0.023%$3.9M$18.4M25x
Arcus BTC-USD+0.0100%1h86,524.8+0.049%$7.2M$96.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,499.4+0.020%$38.0M$156.2M75xas long as short
Variational Omni BTC+0.0100%8h86,474−0.010%$157.6M$567.5Mas long as short
edgeX BTCUSDC+0.0100%4h86,494.6+0.014%$279.4M$947.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,461.1−0.025%$217.1M$172.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,505.5+0.027%$141.8M$323.3M100xas long as short
StandX BTC-USD+0.0100%1h86,504+0.025%$30.7M$207.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,544+0.071%$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,493+0.012%$11.1M$13.9M50xas long as short
Bullet BTC-USD+0.0100%1h86,495.3+0.015%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,492.6+0.012%$2.5M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,527+0.052%$141K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,521.9+0.046%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,482.50.000%$3.4M$5.3M100xas long as short
SoDEX BTC-USD+0.0100%1h86,494+0.013%$60.5M$338.1M40xas long as short
HTX BTC-USDT+0.0100%8h86,492.4+0.012%$2.30B$968.3M200xas long as short
Bulk BTC-USD+0.0100%1h86,452.9−0.034%$572.2M$12.3M40xas long as short
Extended BTC-USD+0.0104%1h86,478.1−0.005%$45.8M$225.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,555+0.084%$100.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,534+0.060%$193.0M$953.1M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,545.4+0.073%$132.1M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0160%1h86,510.1+0.032%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,528.1+0.053%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0194%8h86,523.4+0.047%$415.5M$659.2M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0200% / S −0.0224%1h86,505.4+0.027%$15.0M200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,546+0.074%$10.2M$753.6M6.4xas long as short
Deribit BTC-PERPETUAL+0.0268%1h86,550+0.078%$913.1M$1.49B50xas long as short