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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%
Price spread now: edgeX against ApeX Omni−0.004%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$190.193% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.213%−$21 on $10k
Price spread, last 7 days+0.004%$0 · spread now −0.004%, 7d avg −0.047%
Together, before fees−0.209%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.043% dearer against ApeX Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BTCUSDT86,353.60.0100pay 0.0013% / 1h10m 27s$141.2M$323.8M100x
ShortedgeX BTCUSDC86,350.30.0100get 0.0050% / 4h1h 10m$279.1M$943.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. 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
Price spread: −0.004% → −0.047%
$4.29
Slippage, 4 orders
−$0.28
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$14.99
Costs to cover
0.193%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; edgeX: live order book, 4 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 ApeX Omni live order book, 4 min ago0.12 bp5.1 bp −$55.1 bp −$519.5 bp −$95339.8 bp −$19.9K
Sell edgeX live order book, 4 min ago0.02 bp4.5 bp −$54.5 bp −$454.7 bp −$4715.8 bp −$2,907

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−0.0631%1h86,336.6−0.020%$140K$620K40xas long as short
Phoenix BTC−0.0159%1h86,356+0.003%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,314−0.046%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0016%1h86,304.3−0.057%$359K$2.5M50xas long as short
Aster BTCUSDT−0.0012%8h86,286.2−0.078%$502.8M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0004%8h86,298.1−0.064%$850.9M$712.1M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,290.8−0.073%$36.7M200xas long as short
dYdX BTC-USD+0.0005%1h86,353.50.000%$16.9M$21.1M50xas long as short
RISEx BTC/USDC+0.0006%1h86,302.3−0.059%$8.4M$42.8M25xas long as short
Reya BTCRUSDPERP+0.0023%1h86,257.5−0.111%$6.7M$145.0M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0024%1h86,360+0.007%$332K$26.8M52xas long as short
Deribit BTC-PERPETUAL+0.0027%1h86,357+0.004%$917.7M$1.49B50xas long as short
BingX BTC-USDC+0.0037%8h86,263.4−0.104%$15.4Mas long as short
Phemex BTCUSDT+0.0042%8h86,323.2−0.035%$150.0M$476.7M150xas long as short
Bitget BTCUSDT+0.0046%8h86,285.9−0.078%$2.94B$5.11B150xas long as short
Aftermath Perps BTCUSD+0.0048%1h86,397.1+0.050%$80K$219K20xas long as short
MEXC BTC_USDT+0.0063%8h86,270.7−0.096%$5.13B$5.71B500xas long as short
Binance BTCUSDT+0.0064%8h86,274.9−0.091%$9.41B$24.46B150xas long as short
Aevo BTC-PERP+0.0064%1h86,315.2−0.045%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0079%8h86,303−0.059%$5.84B$10.75B200xas long as short
Bybit BTCUSDT+0.0094%8h86,280.1−0.085%$5.25B$9.79B150xas long as short
Lighter BTC+0.0096%1h86,321.1−0.038%$170.4M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,329.6−0.028%$24.0M$152.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,298−0.064%$8.4M$52.4M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,281−0.084%$201K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,336.9−0.019%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,321−0.038%$21.6M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,356+0.003%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,338.3−0.018%$40.7M$513.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,296.6−0.066%$2.53B$12.71B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,299−0.063%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,359.5+0.007%$7.8M$94.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,320.9−0.038%$570.7M$18.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,317.1−0.042%$37.8M$154.9M75xas long as short
Variational Omni BTC+0.0100%8h86,394.8+0.048%$155.5M$568.5Mas long as short
edgeX BTCUSDCshort+0.0100%4h86,350.3−0.004%$279.1M$943.8M100x
GRVT BTC_USDT_Perp+0.0100%8h86,358.3+0.005%$217.0M$174.8M50xas long as short
ApeX Omni BTCUSDTlong+0.0100%1h86,353.6long leg$141.2M$323.8M100x
StandX BTC-USD+0.0100%1h86,332.2−0.025%$30.6M$204.0M40xas long as short
Vest BTC-PERP+0.0100%1h86,350.2−0.004%$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,285−0.079%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,279−0.086%$191K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,322.2−0.036%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h86,338−0.018%$30.6M$62.2M15xas long as short
SunX BTC-USDT+0.0100%8h86,327.5−0.030%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,322−0.037%$60.3M$337.3M40xas long as short
HTX BTC-USDT+0.0100%8h86,317.6−0.042%$2.29B$968.4M200xas long as short
Extended BTC-USD+0.0104%1h86,288.1−0.076%$45.6M$226.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,315.3−0.044%$98.9M500xas long as short
Perpl BTC+0.0112%43m86,328.8−0.029%$420K$23.6M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,362.4+0.010%$131.3M$5.68B50xas long as short
Hibachi BTC/USDT-P+0.0120%1h86,390.4+0.043%$719K$8.1M30xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,344.5−0.011%$191.1M$944.8M100xas long as short
BloFin BTC-USDT+0.0184%8h86,337.9−0.018%$414.2M$653.4M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0187% / S −0.0209%1h86,284.5−0.080%$15.1M200xas long as short
Kalshi KXBTCPERP+0.0199%8h86,352−0.002%$9.8M$734.8M6.4xas long as short