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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%
Price spread now: StandX against ApeX Omni−0.002%61s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$220.216% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$2 on $10k
Price spread, last 7 days−0.001%$0 · spread now −0.002%, 7d avg −0.013%
Together, before fees+0.014%+ Points / potential airdropStandX: Active · farm board+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BTCUSDT86,626.60.0100pay 0.0013% / 1h26m 12s$141.4M$322.8M100x
ShortStandX BTC-USD86,625.20.0100get 0.0013% / 1h26m 12s$30.8M$205.2M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: −0.002% → −0.013%
$1.09
Slippage, 4 orders
−$3.6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$20.51
Costs to cover
0.216%
Break-even
never at this rate
Slippage from ApeX Omni: 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 ApeX Omni live order book, 3 min ago0.24 bp5.2 bp −$55.2 bp −$528.6 bp −$86436.1 bp −$18.0K
Sell StandX live order book, 3 min ago0.81 bp4.9 bp −$55.6 bp −$566.9 bp −$6888.9 bp −$4,470

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
Aftermath Perps BTCUSD−0.0235%1h86,655+0.033%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,737.5+0.128%$431K$24.8M6.7xas long as short
Phoenix BTC−0.0103%1h86,583−0.050%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,653+0.031%$9K$3K50xas long as short
dYdX BTC-USD−0.0075%1h86,733.4+0.123%$17.6M$20.5M50xas long as short
01 Exchange BTCUSD0.0000%1h86,756.3+0.150%$364K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,785.2+0.183%$935.2M$1.45B50xas long as short
KuCoin XBTUSDTM+0.0002%8h86,749.9+0.142%$845.2M$704.6M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,782.1+0.180%$36.9M200xas long as short
Aster BTCUSDT+0.0008%8h86,741.3+0.132%$506.6M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,736.1+0.126%$6.7M$144.4M40xas long as short
Phemex BTCUSDT+0.0023%8h86,747.9+0.140%$150.3M$471.8M150xas long as short
BingX BTC-USDT+0.0025%8h86,755.2+0.148%$1.60Bas long as short
Bitget BTCUSDT+0.0032%8h86,750.4+0.143%$2.96B$5.08B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639+0.014%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0055%8h86,751.3+0.144%$5.19B$5.68B500xas long as short
Binance BTCUSDT+0.0055%8h86,757.3+0.151%$9.45B$24.33B150xas long as short
Aevo BTC-PERP+0.0056%1h86,754+0.147%$2.4M$1.3M20xas long as short
RISEx BTC/USDC+0.0063%1h86,726+0.115%$9.2M$42.0M25xas long as short
OKX BTC-USDT-SWAP+0.0078%8h86,763.5+0.158%$2.56B$12.74B100xas long as short
Gate BTC_USDT+0.0079%8h86,755.3+0.149%$5.86B$10.64B200xas long as short
Bybit BTCUSDT+0.0083%8h86,760.6+0.155%$5.27B$9.69B150xas long as short
Variational Omni BTC+0.0095%8h86,614.5−0.014%$160.3M$564.8Mas long as short
Lighter BTC+0.0096%1h86,765.1+0.160%$171.9M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,767.2+0.162%$24.0M$153.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,731+0.121%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,723+0.111%$195K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,752.1+0.145%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,698.7+0.083%$21.8M$235.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,828+0.233%$3.82B$5.13B40xas long as short
Pacifica BTC+0.0100%1h86,757.7+0.151%$41.0M$492.6M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,718+0.106%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,787.2+0.185%$7.8M$94.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,577.9−0.056%$571.8M$22.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,760.1+0.154%$38.2M$148.4M75xas long as short
edgeX BTCUSDC+0.0100%4h86,587−0.046%$279.7M$950.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,622.1−0.005%$217.5M$187.8M50xas long as short
ApeX Omni BTCUSDTlong+0.0100%1h86,626.6long leg$141.4M$322.8M100x
StandX BTC-USDshort+0.0100%1h86,625.2−0.002%$30.8M$205.2M40x
Vest BTC-PERP+0.0100%1h86,777.7+0.174%$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,739+0.130%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,756.5+0.150%$198K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,783.6+0.181%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,793.6+0.193%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,758.8+0.153%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,741.8+0.133%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,751+0.144%$60.6M$336.4M40xas long as short
HTX BTC-USDT+0.0100%8h86,759.1+0.153%$2.30B$958.2M200xas long as short
Extended BTC-USD+0.0104%1h86,738.1+0.129%$46.3M$228.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,759.8+0.154%$98.4M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,783.4+0.181%$188.5M$932.5M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,796+0.196%$132.3M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0130%8h86,763+0.157%$9.6M$725.8M6.4xas long as short
BloFin BTC-USDT+0.0175%8h86,679.4+0.061%$417.3M$653.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0179% / S −0.0201%1h86,773.4+0.169%$14.7M200xas long as short
Hibachi BTC/USDT-P+0.0224%1h86,666.7+0.046%$614K$7.1M30xas long as short