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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: HTX against edgeX+0.036%7-day average +0.009% · 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−$18as in the Price arb table
costs, in and out, $10k−$210.210% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.164%+$16 on $10k
Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.036%, 7d avg +0.009%
Together, before fees+0.110%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.028% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BTCUSDC85,351.50.0100pay 0.0050% / 4h2h 14m$279.6M$950.8M100x
ShortHTX BTC-USDT85,382.40.0100get 0.0100% / 8h2h 14m$2.26B$941.6M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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: +0.036% → +0.009%
$2.76
Slippage, 4 orders
−$0.05
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$18.28
Costs to cover
0.210%
Break-even
never at this rate
Slippage from edgeX: live order book, 4 min ago; HTX: 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 edgeX live order book, 4 min ago0.02 bp4.5 bp −$54.5 bp −$454.7 bp −$4675.6 bp −$2,793
Sell HTX live order book, 4 min ago0.01 bp6.0 bp −$66.0 bp −$606.5 bp −$6529.1 bp −$4,548

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
Perpl BTC−0.0112%43m85,396.2+0.052%$526K$18.4M6.7xas long as short
Phoenix BTC−0.0111%1h85,391+0.046%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,415+0.074%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0053%8h85,378.8+0.032%$923.3M$765.1M125xas long as short
BloFin BTC-USDT−0.0029%8h85,388.6+0.043%$419.8M$682.0M150xas long as short
Aster BTCUSDT−0.0011%8h85,383.9+0.038%$513.0M$1.09B200xas long as short
01 Exchange BTCUSD−0.0008%1h85,406+0.064%$354K$2.4M50xas long as short
dYdX BTC-USD+0.0002%1h85,386.9+0.041%$16.7M$21.4M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,395.8+0.052%$36.5M200xas long as short
Injective BTC/USDC PERP+0.0023%1h85,349−0.003%$339K$26.8M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0041%1h85,384.2+0.038%$24.8M$222.6M50xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,408.3+0.067%$187.4M$955.1M100xas long as short
BingX BTC-USDC+0.0067%8h85,375.4+0.028%$17.5Mas long as short
Phemex BTCUSDT+0.0076%8h85,384.4+0.039%$147.9M$505.6M150xas long as short
Bitget BTCUSDT+0.0086%8h85,389.7+0.045%$2.95B$5.16B150xas long as short
Aevo BTC-PERP+0.0088%1h85,383.6+0.038%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0089%8h85,397.7+0.054%$5.05B$5.74B500xas long as short
Binance BTCUSDT+0.0091%8h85,397+0.053%$9.45B$24.86B150xas long as short
Lighter BTC+0.0096%1h85,399.4+0.056%$171.1M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,404.6+0.062%$23.7M$148.9M50xas long as short
Popdex BTCUSDT+0.0096%1h85,396+0.052%$8.3M$55.8M100xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,425.8+0.087%$117.1M$5.42B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,370+0.022%$239K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,445.8+0.110%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,474+0.144%$3.75B$5.07B40xas long as short
Pacifica BTC+0.0100%1h85,423.3+0.084%$40.0M$597.7M50xas long as short
Bybit BTCUSDT+0.0100%8h85,393.5+0.049%$5.15B$9.95B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,398+0.054%$2.58B$12.21B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,386+0.040%$3.8M$17.5M25xas long as short
Arcus BTC-USD+0.0100%1h85,403.1+0.060%$4.6M$98.8M40xas long as short
Bulk BTC-USD+0.0100%1h85,163.7−0.220%$678.5M$565.0M40xas long as short
Gate BTC_USDT+0.0100%8h85,389.1+0.044%$5.50B$11.04B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,386.3+0.041%$36.3M$176.2M75xas long as short
Variational Omni BTC+0.0100%8h85,365.9+0.017%$154.5M$559.9Mas long as short
edgeX BTCUSDClong+0.0100%4h85,351.5long leg$279.6M$950.8M100x
GRVT BTC_USDT_Perp+0.0100%8h85,345.8−0.007%$214.4M$167.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,371.5+0.023%$139.6M$314.9M100xas long as short
StandX BTC-USD+0.0100%1h85,363.6+0.014%$30.1M$207.8M40xas long as short
Vest BTC-PERP+0.0100%1h85,459+0.126%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,387+0.042%$11.0M$14.4M50xas long as short
Bullet BTC-USD+0.0100%1h85,388.5+0.043%$204K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,392.7+0.048%$2.6M$9.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,434.4+0.097%$228K$760K40xas long as short
Derive BTC-PERP+0.0100%1h85,365.1+0.016%$30.0M$48.0M15xas long as short
SunX BTC-USDT+0.0100%8h85,375.3+0.028%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,390+0.045%$59.8M$336.1M40xas long as short
HTX BTC-USDTshort+0.0100%8h85,382.4+0.036%$2.26B$941.6M200x
Extended BTC-USD+0.0104%1h85,366.9+0.018%$45.0M$239.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,395.9+0.052%$106.9M500xas long as short
Reya BTCRUSDPERP+0.0117%1h85,378.5+0.032%$6.6M$147.5M40xas long as short
Deribit BTC-PERPETUAL+0.0164%1h85,431.2+0.093%$866.8M$1.61B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,390.7+0.046%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0196%8h85,413+0.072%$11.6M$743.5M6.4xas long as short
Aftermath Perps BTCUSD+0.0222%1h85,329.9−0.025%$79K$227K20xas long as short
Hibachi BTC/USDT-P+0.0232%1h85,419.4+0.080%$689K$8.0M30xas long as short
RISEx BTC/USDC+0.0257%1h85,420.2+0.080%$8.7M$43.3M25xas long as short