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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.006%
Price spread now: StandX against Aevo−0.039%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$330.327% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.039%, 7d avg +0.005%
Together, before fees+0.092%+ Points / potential airdropStandX: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. StandX is 0.044% cheaper against Aevo than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.005%). If the spread goes back, that is −$4 on $10k: about 7.3 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP85,219.20.0080pay 0.0010% / 1h20m 48s$2.4M$6.7M20x
ShortStandX BTC-USD85,186.10.0100get 0.0013% / 1h20m 48s$30.1M$207.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$4.2
Price spread: −0.039% → +0.005%
−$4.4
Slippage, 4 orders
−$8.65
Fee Aevo: 8 bp × 2 orders
−$16
Fee StandX: 4 bp × 2 orders
−$8
Net
−$32.85
Costs to cover
0.327%
Break-even
61.7 days
Slippage from Aevo: live order book, 3 min ago; StandX: live order book, 3 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, 3 min ago2.42 bp11.3 bp −$1112.3 bp −$12318.1 bp −$1,809doesn't fit
Sell StandX live order book, 3 min ago0.65 bp6.3 bp −$67.2 bp −$727.9 bp −$7909.8 bp −$4,880

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
Perpl BTC−0.0112%43m85,249.9+0.036%$524K$18.4M6.7xas long as short
Phoenix BTC−0.0111%1h85,134−0.100%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,272+0.062%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0054%8h85,263.6+0.052%$922.9M$764.2M125xas long as short
BloFin BTC-USDT−0.0034%8h85,226.9+0.009%$419.4M$680.0M150xas long as short
01 Exchange BTCUSD−0.0016%1h85,292.3+0.086%$354K$2.4M50xas long as short
Aster BTCUSDT−0.0015%8h85,279.3+0.071%$512.4M$1.09B200xas long as short
dYdX BTC-USD+0.0001%1h85,297+0.091%$16.7M$21.4M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,249.2+0.035%$36.4M200xas long as short
Injective BTC/USDC PERP+0.0023%1h85,225+0.007%$338K$26.8M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0035%1h85,254.5+0.041%$24.8M$222.4M50xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,235+0.019%$187.1M$953.3M100xas long as short
BingX BTC-USDC+0.0067%8h85,262.3+0.051%$17.4Mas long as short
Deribit BTC-PERPETUAL+0.0075%1h85,257.1+0.044%$867.0M$1.61B50xas long as short
Phemex BTCUSDT+0.0078%8h85,225.3+0.007%$147.3M$505.4M150xas long as short
Aevo BTC-PERPlong+0.0080%1h85,219.2long leg$2.4M$6.7M20x
MEXC BTC_USDT+0.0084%8h85,270.2+0.060%$5.05B$5.73B500xas long as short
Bitget BTCUSDT+0.0085%8h85,288.8+0.082%$2.95B$5.16B150xas long as short
Binance BTCUSDT+0.0086%8h85,291.5+0.085%$9.42B$24.82B150xas long as short
Lighter BTC+0.0096%1h85,298.5+0.093%$171.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,302.9+0.098%$23.7M$148.7M50xas long as short
Popdex BTCUSDT+0.0096%1h85,283+0.075%$8.3M$55.7M100xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,260.8+0.049%$116.9M$5.39B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,248+0.034%$238K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,312.2+0.109%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,367+0.173%$3.75B$5.06B40xas long as short
Pacifica BTC+0.0100%1h85,283+0.075%$40.2M$599.0M50xas long as short
Bybit BTCUSDT+0.0100%8h85,282.8+0.075%$5.15B$9.94B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,293.2+0.087%$2.58B$12.19B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,273+0.063%$3.8M$17.6M25xas long as short
Arcus BTC-USD+0.0100%1h85,281.3+0.073%$4.6M$99.1M40xas long as short
Bulk BTC-USD+0.0100%1h85,163.7−0.065%$678.5M$565.0M40xas long as short
Gate BTC_USDT+0.0100%8h85,278+0.069%$5.51B$11.00B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,223.2+0.005%$36.3M$176.2M75xas long as short
Variational Omni BTC+0.0100%8h85,218.80.000%$154.2M$561.4Mas long as short
edgeX BTCUSDC+0.0100%4h85,112.3−0.125%$279.0M$947.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,107.4−0.131%$213.8M$166.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,093.4−0.148%$139.1M$315.0M100xas long as short
StandX BTC-USDshort+0.0100%1h85,186.1−0.039%$30.1M$207.1M40x
Vest BTC-PERP+0.0100%1h85,327.9+0.127%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,268+0.057%$11.0M$14.4M50xas long as short
Bullet BTC-USD+0.0100%1h85,259+0.047%$205K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,230.1+0.013%$2.6M$9.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,269.2+0.059%$228K$760K40xas long as short
Derive BTC-PERP+0.0100%1h85,204.5−0.017%$29.9M$48.5M15xas long as short
SunX BTC-USDT+0.0100%8h85,101.4−0.138%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,223+0.004%$59.7M$336.2M40xas long as short
HTX BTC-USDT+0.0100%8h85,2190.000%$2.26B$942.4M200xas long as short
Extended BTC-USD+0.0104%1h85,247+0.033%$45.1M$239.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,281.5+0.073%$106.9M500xas long as short
Reya BTCRUSDPERP+0.0116%1h85,260+0.048%$6.6M$147.4M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,248+0.034%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0183%8h85,273+0.063%$11.5M$743.3M6.4xas long as short
Aftermath Perps BTCUSD+0.0222%1h85,197.4−0.026%$78K$227K20xas long as short
Hibachi BTC/USDT-P+0.0232%1h85,232.1+0.015%$688K$8.0M30xas long as short
RISEx BTC/USDC+0.0257%1h85,294.4+0.088%$8.7M$43.2M25xas long as short