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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Funding you earn now, next payment 00:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.009%
Price spread now: StandX against Binance+0.010%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Long on BinanceShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 7 days−0.023%−$2 · spread now +0.010%, 7d avg −0.005%
Together, before fees+0.014%+ Points / potential airdropStandX: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BTCUSDT86,4950.0075pay 0.0075% / 8h5m 32s$9.44B$24.54B150x
ShortStandX BTC-USD86,5040.0100get 0.0013% / 1h5m 32s$30.7M$207.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Binance. 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
$5.24
Price spread: +0.010% → −0.005%
$1.58
Slippage, 4 orders
−$2.31
Fee Binance: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$13.49
Costs to cover
0.203%
Break-even
25.0 days
Slippage from Binance: live order book, 9 min ago; StandX: 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 Binance live order book, 9 min ago0.01 bp5.0 bp −$55.0 bp −$506.1 bp −$6077.5 bp −$3,732
Sell StandX live order book, 4 min ago0.58 bp5.0 bp −$55.9 bp −$597.0 bp −$6959.1 bp −$4,538

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%1h86,444−0.059%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,486−0.010%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,345−0.173%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,507.4+0.014%$8.3M$42.7M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,506.8+0.014%$360K$2.4M50xas long as short
Perpl BTC0.0000%43m86,504.2+0.011%$412K$22.5M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,510.6+0.018%$36.8M—200xas long as short
Aster BTCUSDT+0.0012%8h86,497.8+0.003%$501.7M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0023%8h86,503.6+0.010%$834.3M$728.4M125xas long as short
Reya BTCRUSDPERP+0.0037%1h86,496.4+0.002%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0044%8h86,492.4−0.003%—$1.59B—as long as short
Phemex BTCUSDT+0.0056%8h86,503.6+0.010%$151.5M$478.8M150xas long as short
Bitget BTCUSDT+0.0056%8h86,496.4+0.002%$2.97B$5.12B150xas long as short
dYdX BTC-USD+0.0063%1h86,506.6+0.013%$16.9M$21.2M50xas long as short
Aevo BTC-PERP+0.0072%1h86,482.4−0.015%$2.5M$1.4M20xas long as short
MEXC BTC_USDT+0.0074%8h86,494.90.000%$5.15B$5.69B500xas long as short
Binance BTCUSDTlong+0.0075%8h86,495long leg$9.44B$24.54B150x
Gate BTC_USDT+0.0081%8h86,491−0.005%$5.85B$10.82B200xas long as short
Lighter BTC+0.0096%1h86,503.2+0.009%$169.9M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,512.7+0.020%$23.8M$153.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,4950.000%$8.5M$52.3M100xas long as short
Bybit BTCUSDT+0.0099%8h86,495.20.000%$5.26B$9.79B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,478−0.020%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,529.5+0.040%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,512.9+0.021%$21.7M$233.8M50xas long as short
Hyperliquid BTC+0.0100%1h86,573+0.090%$3.80B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,525.9+0.036%$41.1M$538.1M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,513+0.021%$2.55B$12.74B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,502+0.008%$3.9M$18.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,524.8+0.034%$7.2M$96.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,499.4+0.005%$38.0M$156.2M75xas long as short
Variational Omni BTC+0.0100%8h86,474−0.024%$157.6M$567.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,494.60.000%$279.4M$947.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,461.1−0.039%$217.1M$172.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,505.5+0.012%$141.8M$323.3M100xas long as short
StandX BTC-USDshort+0.0100%1h86,504+0.010%$30.7M$207.1M40x
Vest BTC-PERP+0.0100%1h86,544+0.057%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,493−0.002%$11.1M$13.9M50xas long as short
Bullet BTC-USD+0.0100%1h86,495.30.000%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,492.6−0.003%$2.5M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,527+0.037%$141K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,521.9+0.031%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,482.5−0.014%$3.4M$5.3M100xas long as short
SoDEX BTC-USD+0.0100%1h86,494−0.001%$60.5M$338.1M40xas long as short
HTX BTC-USDT+0.0100%8h86,492.4−0.003%$2.30B$968.3M200xas long as short
Bulk BTC-USD+0.0100%1h86,452.9−0.049%$572.2M$12.3M40xas long as short
Extended BTC-USD+0.0104%1h86,478.1−0.020%$45.8M$225.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,555+0.069%—$100.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,534+0.045%$193.0M$953.1M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,545.4+0.058%$132.1M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0160%1h86,510.1+0.018%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,528.1+0.038%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0194%8h86,523.4+0.033%$415.5M$659.2M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0200% / S −0.0224%1h86,505.4+0.012%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,546+0.059%$10.2M$753.6M6.4xas long as short
Deribit BTC-PERPETUAL+0.0268%1h86,550+0.064%$913.1M$1.49B50xas long as short