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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.017%
Price spread now: Extended against Bitget−0.028%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$170.171% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 7 days+0.006%+$1 · spread now −0.028%, 7d avg −0.036%
Together, before fees+0.086%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BTCUSDT85,4000.0091pay 0.0091% / 8h1h 04m$2.97B$5.15B150x
ShortExtended BTC-USD85,375.70.0104get 0.0013% / 1h4m 00s$45.2M$240.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$2.73
Price spread: −0.028% → −0.036%
$0.73
Slippage, 4 orders
−$0.13
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$13.67
Costs to cover
0.171%
Break-even
42.1 days
Slippage from Bitget: live order book, 5 min ago; Extended: 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 Bitget live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.3 bp −$629doesn't fit
Sell Extended live order book, 5 min ago0.06 bp2.6 bp −$32.6 bp −$262.9 bp −$2898.7 bp −$4,351

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−0.0082%1h85,520+0.141%$2.3M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,456+0.066%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0033%8h85,405+0.006%$928.6M$772.9M125xas long as short
BloFin BTC-USDT−0.0022%8h85,455+0.064%$421.8M$681.5M150xas long as short
Aster BTCUSDT−0.0003%8h85,395.4−0.005%$512.5M$1.09B200xas long as short
01 Exchange BTCUSD0.0000%1h85,435.6+0.042%$352K$2.4M50xas long as short
Perpl BTC0.0000%43m85,439.2+0.046%$490K$18.3M6.7xas long as short
dYdX BTC-USD+0.0001%1h85,430.1+0.035%$16.7M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,418.4+0.022%$36.5M200xas long as short
Deribit BTC-PERPETUAL+0.0040%1h85,437.5+0.044%$853.6M$1.64B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0046%1h85,416.9+0.020%$24.1M$219.7M50xas long as short
Injective BTC/USDC PERP+0.0057%1h85,486+0.101%$339K$26.8M52xas long as short
BingX BTC-USDC+0.0074%8h85,375.5−0.029%$17.4Mas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,409.2+0.011%$185.9M$951.0M100xas long as short
Bitget BTCUSDTlong+0.0091%8h85,400long leg$2.97B$5.15B150x
Bybit BTCUSDT+0.0092%8h85,388.1−0.014%$5.14B$9.97B150xas long as short
SoDEX BTC-USD+0.0092%1h85,396−0.005%$59.8M$336.6M40xas long as short
Lighter BTC+0.0096%1h85,413.4+0.016%$169.6M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,410.4+0.012%$23.6M$149.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,414+0.016%$8.4M$57.2M100xas long as short
Aevo BTC-PERP+0.0096%1h85,414.8+0.017%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0097%8h85,395.1−0.006%$5.04B$5.78B500xas long as short
Binance BTCUSDT+0.0098%8h85,395.1−0.006%$9.42B$24.86B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,393−0.008%$245K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,459.4+0.070%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,480+0.094%$3.75B$5.06B40xas long as short
Pacifica BTC+0.0100%1h85,455+0.064%$40.4M$603.0M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,400.10.000%$2.60B$12.18B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,414+0.016%$3.8M$17.1M25xas long as short
Arcus BTC-USD+0.0100%1h85,406.7+0.008%$5.1M$96.0M40xas long as short
Gate BTC_USDT+0.0100%8h85,408+0.009%$5.55B$11.09B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,389.5−0.012%$37.4M$182.6M75xas long as short
Variational Omni BTC+0.0100%8h85,432.9+0.039%$156.6M$557.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,406.3+0.007%$279.8M$952.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,439.5+0.046%$214.5M$163.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,439.8+0.047%$139.7M$313.1M100xas long as short
StandX BTC-USD+0.0100%1h85,448+0.056%$30.1M$207.4M40xas long as short
Vest BTC-PERP+0.0100%1h85,466.1+0.077%$10.2M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,412+0.014%$11.0M$14.6M50xas long as short
Bullet BTC-USD+0.0100%1h85,408.9+0.010%$199K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,401.3+0.002%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,435.4+0.041%$194K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,383.8−0.019%$30.0M$46.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,416.9+0.020%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,4000.000%$2.26B$962.7M200xas long as short
Phemex BTCUSDT+0.0100%8h85,413.5+0.016%$157.3M$512.2M150xas long as short
Bulk BTC-USD+0.0100%1h85,413.1+0.015%$689.0M$342.5M40xas long as short
Extended BTC-USDshort+0.0104%1h85,375.7−0.028%$45.2M$240.1M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,433+0.039%$104.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,428.5+0.033%$112.9M$5.48B50xas long as short
Reya BTCRUSDPERP+0.0134%1h85,399.1−0.001%$6.6M$147.7M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0148%1h85,420.1+0.024%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0177%8h85,440+0.047%$12.0M$738.7M6.4xas long as short
RISEx BTC/USDC+0.0193%1h85,439.1+0.046%$8.8M$42.7M25xas long as short
Hibachi BTC/USDT-P+0.0208%1h85,495.5+0.112%$685K$7.8M30xas long as short
Aftermath Perps BTCUSD+0.0271%1h85,452.6+0.062%$77K$244K20xas long as short