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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: HTX against ApeX Omni−0.011%76s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$230.234% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.011%, 7d avg −0.023%
Together, before fees−0.114%−$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BTCUSDT85,648.20.0100pay 0.0013% / 1h51m 58s$140.0M$315.7M100x
ShortHTX BTC-USDT85,6390.0100get 0.0100% / 8h3h 51m$2.27B$946.4M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: −0.011% → −0.023%
$1.21
Slippage, 4 orders
−$1.43
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$22.22
Costs to cover
0.234%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 7 min ago; HTX: 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 ApeX Omni live order book, 7 min ago0.71 bp5.7 bp −$65.7 bp −$579.8 bp −$97540.3 bp −$20.2K
Sell HTX live order book, 2 min ago0.01 bp6.0 bp −$66.6 bp −$668.1 bp −$81410.9 bp −$5,441

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−0.0140%1h85,646−0.003%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,702+0.063%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0037%8h85,641.5−0.008%$917.5M$755.9M125xas long as short
BloFin BTC-USDT−0.0020%8h85,679.8+0.037%$418.1M$676.0M150xas long as short
01 Exchange BTCUSD−0.0016%1h85,676.9+0.034%$367K$2.3M50xas long as short
dYdX BTC-USD0.0000%1h85,681.5+0.039%$16.8M$21.2M50xas long as short
Nado BTC-PERP+0.0004%1h85,662.7+0.017%$24.8M$222.8M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,672.2+0.028%$36.6M200xas long as short
Aster BTCUSDT+0.0012%8h85,644.2−0.005%$516.0M$1.10B200xas long as short
Deribit BTC-PERPETUAL+0.0042%1h85,690.8+0.050%$884.9M$1.59B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0044%1h85,690+0.049%$340K$26.9M52xas long as short
BingX BTC-USDT+0.0063%8h85,652+0.004%$1.55Bas long as short
Phemex BTCUSDT+0.0068%8h85,644.5−0.004%$148.8M$490.2M150xas long as short
Bitget BTCUSDT+0.0080%8h85,653.8+0.007%$2.96B$5.10B150xas long as short
Reya BTCRUSDPERP+0.0091%1h85,660.5+0.014%$6.6M$146.9M40xas long as short
Lighter BTC+0.0096%1h85,657.2+0.011%$172.2M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,668.1+0.023%$23.9M$147.9M50xas long as short
Popdex BTCUSDT+0.0096%1h85,665+0.020%$8.7M$54.1M100xas long as short
Aevo BTC-PERP+0.0096%1h85,653.5+0.006%$2.5M$1.7M20xas long as short
SoDEX BTC-USD+0.0100%1h85,651+0.003%$60.0M$336.1M40xas long as short
Katana Perps BTC-USD+0.0100%8h85,637−0.013%$199K$8.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,729.9+0.095%$5.4M$9.2M50xas long as short
Hyperliquid BTC+0.0100%1h85,740.7+0.108%$3.79B$5.01B40xas long as short
Pacifica BTC+0.0100%1h85,699.4+0.060%$40.5M$582.0M50xas long as short
Binance BTCUSDT+0.0100%8h85,646.2−0.002%$9.42B$24.31B150xas long as short
Bybit BTCUSDT+0.0100%8h85,647.5−0.001%$5.20B$9.84B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,652.9+0.005%$2.59B$12.17B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,670+0.025%$3.8M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h85,653.2+0.006%$4.3M$98.4M40xas long as short
Gate BTC_USDT+0.0100%8h85,655.6+0.009%$5.53B$10.74B200xas long as short
MEXC BTC_USDT+0.0100%8h85,650.7+0.003%$5.07B$5.63B500xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,641.2−0.008%$35.9M$176.5M75xas long as short
Variational Omni BTC+0.0100%8h85,637.7−0.012%$153.8M$564.1Mas long as short
edgeX BTCUSDC+0.0100%4h85,618−0.035%$279.5M$923.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,633.8−0.017%$214.9M$167.9M50xas long as short
ApeX Omni BTCUSDTlong+0.0100%1h85,648.2long leg$140.0M$315.7M100x
StandX BTC-USD+0.0100%1h85,654.1+0.007%$30.3M$208.2M40xas long as short
Vest BTC-PERP+0.0100%1h85,720.2+0.084%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,661+0.015%$11.1M$14.3M50xas long as short
Bullet BTC-USD+0.0100%1h85,661+0.015%$195K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,657.2+0.011%$2.4M$8.7M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,702.5+0.063%$207K$739K40xas long as short
Derive BTC-PERP+0.0100%1h85,652.2+0.005%$30.0M$50.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,640.8−0.009%$2.9M$6.1M100xas long as short
HTX BTC-USDTshort+0.0100%8h85,639−0.011%$2.27B$946.4M200x
Bulk BTC-USD+0.0100%1h85,665.1+0.020%$677.0M$718.2M40xas long as short
Extended BTC-USD+0.0104%1h85,625.9−0.026%$44.8M$231.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,710.2+0.072%$107.8M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,683.3+0.041%$117.4M$5.22B50xas long as short
Kraken Futures PF_XBTUSD+0.0135%1h85,664.8+0.019%$188.3M$956.9M100xas long as short
RISEx BTC/USDC+0.0174%1h85,699.3+0.060%$8.9M$42.8M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0201% / S −0.0177%1h85,671+0.027%$13.1M200xas long as short
Kalshi KXBTCPERP+0.0222%8h85,692+0.051%$12.0M$757.2M6.4xas long as short
Aftermath Perps BTCUSD+0.0229%1h85,667.7+0.023%$78K$220K20xas long as short
Hibachi BTC/USDT-P+0.0256%1h85,695.5+0.055%$703K$7.9M30xas long as short
Perpl BTC+0.0335%43m85,696.7+0.057%$503K$18.8M6.7xas long as short