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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.017%
Price spread now: Pacifica against Bitget+0.021%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.201% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.068%+$7 on $10k
Price spread, last 7 days−0.019%−$2 · spread now +0.021%, 7d avg +0.023%
Together, before fees+0.048%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BTCUSDT86,767.30.0036pay 0.0036% / 8h2h 18m$2.96B$5.08B150x
ShortPacifica BTC86,785.40.0100get 0.0013% / 1h18m 02s$41.0M$494.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$13.44
Price spread: +0.021% → +0.023%
−$0.19
Slippage, 4 orders
−$0.13
Fee Bitget: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$6.88
Costs to cover
0.201%
Break-even
10.6 days
Slippage from Bitget: live order book, 1 min ago; Pacifica: live order book, 1 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, 1 min ago0.01 bp6.0 bp −$66.2 bp −$627.6 bp −$759doesn't fit
Sell Pacifica live order book, 1 min ago0.06 bp4.1 bp −$44.1 bp −$41doesn't fitdoesn't fit

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−0.0240%1h86,749.1−0.021%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,772.5+0.006%$428K$24.7M6.7xas long as short
Phoenix BTC−0.0103%1h86,750−0.020%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,753−0.016%$9K$3K50xas long as short
dYdX BTC-USD−0.0063%1h86,773.8+0.007%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,779+0.013%$363K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,783.5+0.019%$932.6M$1.45B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,774.1+0.008%$36.9M200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,760−0.008%$849.6M$707.3M125xas long as short
Aster BTCUSDT+0.0008%8h86,741.6−0.030%$506.6M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,742.6−0.028%$6.7M$144.4M40xas long as short
Phemex BTCUSDT+0.0022%8h86,743.7−0.027%$150.1M$471.7M150xas long as short
BingX BTC-USDC+0.0026%8h86,735−0.037%$15.2Mas long as short
Bitget BTCUSDTlong+0.0036%8h86,767.3long leg$2.96B$5.08B150x
Injective BTC/USDC PERP+0.0049%1h86,639−0.148%$315K$26.8M52xas long as short
Aevo BTC-PERP+0.0056%1h86,752.9−0.017%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0059%8h86,770.6+0.004%$5.20B$5.70B500xas long as short
Binance BTCUSDT+0.0060%8h86,769.7+0.003%$9.44B$24.36B150xas long as short
RISEx BTC/USDC+0.0063%1h86,761.9−0.006%$9.2M$41.7M25xas long as short
Gate BTC_USDT+0.0081%8h86,747.8−0.022%$5.85B$10.68B200xas long as short
Bybit BTCUSDT+0.0085%8h86,767.10.000%$5.29B$9.71B150xas long as short
OKX BTC-USDT-SWAP+0.0086%8h86,783.6+0.019%$2.56B$12.75B100xas long as short
Lighter BTC+0.0096%1h86,765.6−0.002%$171.9M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,774+0.008%$24.2M$154.0M50xas long as short
Popdex BTCUSDT+0.0096%1h86,752−0.018%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,738−0.034%$202K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,804+0.042%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,744.1−0.027%$21.7M$235.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,820+0.061%$3.82B$5.12B40xas long as short
Pacifica BTCshort+0.0100%1h86,785.4+0.021%$41.0M$494.9M50x
Ondo Perps BTC-USD.P+0.0100%1h86,756−0.013%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,819.7+0.060%$7.5M$94.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,792.1+0.029%$573.3M$22.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,748.4−0.022%$38.1M$148.7M75xas long as short
Variational Omni BTC+0.0100%8h86,754.4−0.015%$159.6M$567.2Mas long as short
edgeX BTCUSDC+0.0100%4h86,763.7−0.004%$280.3M$952.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,756.8−0.012%$217.9M$187.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,779.4+0.014%$141.7M$322.6M100xas long as short
StandX BTC-USD+0.0100%1h86,754.7−0.015%$30.8M$204.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,813+0.053%$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,752−0.018%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,751−0.019%$197K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,768.2+0.001%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,776.1+0.010%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,757.8−0.011%$30.0M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,752.7−0.017%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,751−0.019%$60.6M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,747.8−0.022%$2.30B$958.7M200xas long as short
Extended BTC-USD+0.0104%1h86,757.2−0.012%$46.4M$226.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,776.2+0.010%$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,781.5+0.016%$188.0M$933.9M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,796.3+0.033%$132.1M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0151%8h86,793+0.030%$9.7M$727.1M6.4xas long as short
BloFin BTC-USDT+0.0180%8h86,740.2−0.031%$415.7M$655.4M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,766.5−0.001%$15.0M200xas long as short
Hibachi BTC/USDT-P+0.0216%1h86,801.3+0.039%$710K$7.4M30xas long as short