Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.003%

Price spread now: edgeX against Bitget−0.042%84s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.210% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.042%, 7d avg −0.038%

Together, before fees−0.143%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.160%, so the current rate has only just turned in your favour. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BTCUSDT	85,616.3	0.0069	pay 0.0069% / 8h	6h 32m	$2.94B	$5.11B	150x
Short	edgeX BTCUSDC	85,580.7	0.0100	get 0.0050% / 4h	2h 32m	$278.2M	$944.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee edgeXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $6.51
Price spread: −0.042% → −0.038%: −$0.38
Slippage, 4 orders: −$0.05
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$14.92
Costs to cover: 0.210%
Break-even: 23.0 days

Slippage from Bitget: live order book, 2 min ago; edgeX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.7 bp −$673	doesn't fit
Sell edgeX live order book, 2 min ago	0.02 bp	4.5 bp −$5	4.5 bp −$45	4.8 bp −$478	6.3 bp −$3,139

BTC on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix BTC	−0.0144%	1h	85,641	+0.029%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,596	−0.024%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	85,654.9	+0.045%	$364K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	85,669.5	+0.062%	$515K	$20.9M	6.7x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,662	+0.053%	$16.8M	$20.9M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,669.3	+0.062%	$36.7M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,691	+0.087%	$340K	$26.9M	52x	as long as short
Aster BTCUSDT	+0.0034%	8h	85,653.7	+0.044%	$496.6M	$1.14B	200x	as long as short
KuCoin XBTUSDTM	+0.0035%	8h	85,628.5	+0.014%	$901.7M	$755.9M	125x	as long as short
ApeX Omni BTCUSDT	+0.0037%	1h	85,595.3	−0.025%	$140.0M	$320.4M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDC	+0.0044%	1h	85,672.7	+0.066%	$7.8M	$42.4M	25x	as long as short
BingX BTC-USDC	+0.0054%	8h	85,631.1	+0.017%	—	$15.4M	—	as long as short
Reya BTCRUSDPERP	+0.0056%	1h	85,669.1	+0.062%	$6.7M	$146.2M	40x	as long as short
HTX BTC-USDT	+0.0057%	8h	85,625	+0.010%	$2.27B	$953.1M	200x	as long as short
Nado BTC-PERP	+0.0065%	1h	85,625.4	+0.011%	$22.8M	$228.6M	50x	as long as short
Bitget BTCUSDTlong	+0.0069%	8h	85,616.3	long leg	$2.94B	$5.11B	150x
Aevo BTC-PERP	+0.0080%	1h	85,651.7	+0.041%	$2.5M	$1.8M	20x	as long as short
MEXC BTC_USDT	+0.0088%	8h	85,630.3	+0.016%	$5.06B	$5.71B	500x	as long as short
Binance BTCUSDT	+0.0089%	8h	85,640.6	+0.028%	$9.32B	$24.47B	150x	as long as short
Gate BTC_USDT	+0.0091%	8h	85,636.2	+0.023%	$5.61B	$10.51B	200x	as long as short
Lighter BTC	+0.0096%	1h	85,639.5	+0.027%	$169.5M	$986.2M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,652.8	+0.043%	$23.2M	$146.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,668	+0.060%	$8.4M	$52.1M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,625	+0.010%	$207K	$7.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,621.8	+0.006%	$3.8M	$8.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,689	+0.085%	$3.76B	$5.00B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,676.8	+0.071%	$40.7M	$569.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,634.7	+0.021%	$5.29B	$9.80B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,633.1	+0.020%	$2.54B	$12.41B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,658	+0.049%	$3.9M	$18.0M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,631.8	+0.018%	$7.2M	$98.3M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,622.8	+0.008%	$35.1M	$162.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,619.2	+0.003%	$156.3M	$559.9M	—	as long as short
edgeX BTCUSDCshort	+0.0100%	4h	85,580.7	−0.042%	$278.2M	$944.9M	100x
GRVT BTC_USDT_Perp	+0.0100%	8h	85,597.4	−0.022%	$214.9M	$168.6M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,612.6	−0.004%	$30.3M	$208.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,709.9	+0.109%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,671	+0.064%	$11.0M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,665.5	+0.057%	$188K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,662.5	+0.054%	$2.4M	$9.1M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,698.4	+0.096%	$186K	$709K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,655.6	+0.046%	$30.0M	$56.7M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,521.5	−0.111%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,646	+0.035%	$59.9M	$337.5M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,644.1	+0.032%	$153.1M	$480.1M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,587.5	−0.034%	$583.6M	$150.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,633.1	+0.020%	$43.9M	$228.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,636.9	+0.024%	—	$101.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,675.6	+0.069%	$131.1M	$5.19B	50x	as long as short
Hibachi BTC/USDT-P	+0.0136%	1h	85,599.8	−0.019%	$696K	$7.9M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,658.3	+0.049%	$188.7M	$965.5M	100x	as long as short
Deribit BTC-PERPETUAL	+0.0151%	1h	85,687.7	+0.083%	$894.2M	$1.54B	50x	as long as short
Aftermath Perps BTCUSD	+0.0161%	1h	85,651	+0.041%	$78K	$219K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0204% / S −0.0191%	1h	85,669.9	+0.063%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0208%	8h	85,662	+0.053%	$10.0M	$770.8M	6.4x	as long as short