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

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: StandX against Backpack+0.009%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Long on BackpackShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.158%+$16 on $10k
Price spread, last 7 days+0.551%+$55 · spread now +0.009%, 7d avg +0.008%
Together, before fees+0.709%+ Points / potential airdropStandX: Active · farm board+$71 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack BTC_USDC_PERP86,452.40.0100pay 0.0013% / 1h9m 25s$38.0M$156.5M75x
ShortStandX BTC-USD86,460.10.0100get 0.0013% / 1h9m 25s$30.7M$206.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Backpack. 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: +0.009% → +0.008%
$0.1
Slippage, 4 orders
−$2.35
Fee Backpack: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$20.25
Costs to cover
0.203%
Break-even
never at this rate
Slippage from Backpack: live order book, 5 min ago; StandX: live order book, 5 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 Backpack live order book, 5 min ago0.01 bp5.0 bp −$55.0 bp −$506.3 bp −$628doesn't fit
Sell StandX live order book, 5 min ago0.52 bp5.1 bp −$56.0 bp −$606.8 bp −$6838.9 bp −$4,448

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%1h86,444−0.010%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,460+0.009%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,345−0.124%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,468.1+0.018%$8.3M$42.8M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,480.4+0.032%$358K$2.4M50xas long as short
Perpl BTC0.0000%43m86,474.2+0.025%$413K$22.4M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,499.1+0.054%$36.8M—200xas long as short
Aster BTCUSDT+0.0008%8h86,488.3+0.042%$501.7M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0022%8h86,465.6+0.015%$834.1M$728.6M125xas long as short
Reya BTCRUSDPERP+0.0036%1h86,471.1+0.022%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0043%8h86,472+0.023%—$15.4M—as long as short
Bitget BTCUSDT+0.0055%8h86,480.2+0.032%$2.97B$5.13B150xas long as short
Phemex BTCUSDT+0.0055%8h86,447.4−0.006%$150.8M$478.6M150xas long as short
dYdX BTC-USD+0.0062%1h86,456.7+0.005%$16.9M$21.2M50xas long as short
Aevo BTC-PERP+0.0072%1h86,469.6+0.020%$2.5M$1.4M20xas long as short
MEXC BTC_USDT+0.0073%8h86,474.6+0.026%$5.16B$5.69B500xas long as short
Binance BTCUSDT+0.0074%8h86,482.3+0.035%$9.44B$24.55B150xas long as short
Gate BTC_USDT+0.0082%8h86,477.9+0.029%$5.85B$10.81B200xas long as short
Lighter BTC+0.0096%1h86,478.6+0.030%$170.2M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,487+0.040%$23.9M$152.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,453+0.001%$8.5M$52.3M100xas long as short
Bybit BTCUSDT+0.0099%8h86,484.3+0.037%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,441−0.013%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,497.1+0.052%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,454.3+0.002%$21.8M$234.1M50xas long as short
Hyperliquid BTC+0.0100%1h86,532+0.092%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,494.7+0.049%$41.1M$538.1M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,498.5+0.053%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,474+0.025%$3.9M$18.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,491.8+0.046%$7.3M$96.0M40xas long as short
Backpack BTC_USDC_PERPlong+0.0100%1h86,452.4long leg$38.0M$156.5M75x
Variational Omni BTC+0.0100%8h86,407.7−0.052%$157.0M$567.1M—as long as short
edgeX BTCUSDC+0.0100%4h86,408.7−0.051%$279.1M$946.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,429.2−0.027%$217.0M$172.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,423.1−0.034%$141.3M$323.1M100xas long as short
StandX BTC-USDshort+0.0100%1h86,460.1+0.009%$30.7M$206.5M40x
Vest BTC-PERP+0.0100%1h86,499.5+0.055%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,465+0.015%$11.1M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,481.3+0.033%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,479.4+0.031%$2.5M$9.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,517.8+0.076%$141K$664K40xas long as short
Derive BTC-PERP+0.0100%1h86,513.7+0.071%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,462.8+0.012%$3.4M$5.3M100xas long as short
SoDEX BTC-USD+0.0100%1h86,446−0.007%$60.5M$338.1M40xas long as short
HTX BTC-USDT+0.0100%8h86,458.8+0.007%$2.29B$968.2M200xas long as short
Bulk BTC-USD+0.0100%1h86,452.9+0.001%$572.2M$12.3M40xas long as short
Extended BTC-USD+0.0104%1h86,436.1−0.019%$45.7M$227.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,468.3+0.018%—$100.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,474.3+0.025%$192.9M$953.3M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,480.4+0.032%$132.2M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0159%1h86,475.5+0.027%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,484.8+0.037%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0194%8h86,439.9−0.014%$415.1M$658.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0199% / S −0.0223%1h86,489.7+0.043%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0207%8h86,476+0.027%$10.0M$751.4M6.4xas long as short
Deribit BTC-PERPETUAL+0.0350%1h86,507+0.063%$913.2M$1.49B50xas long as short