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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.023%
Price spread now: Jupiter Perps against edgeX+0.066%70s7-day average +0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.066%, 7d avg +0.032%
Together, before fees−0.122%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Jupiter Perps is 0.034% dearer against edgeX than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.032%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BTCUSDC85,7310.0100pay 0.0050% / 4h1h 16m$280.0M$921.5M100x
ShortJupiter Perps WBTC-PERP85,787.3L +0.0104% / S +0.0056%pay 0.0007% / 1h16m 06s$105.9M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps 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
−$32.76
Price spread: +0.066% → +0.032%
$3.41
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$50.35
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 3 min ago; Jupiter Perps: no order-book sample. Net counts fees only.

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, 3 min ago0.02 bp4.5 bp −$54.5 bp −$454.7 bp −$4705.7 bp −$2,868
Sell Jupiter Perps no order-book sample
Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bluefin BTC-PERP−0.0785%1h85,850.8+0.140%$197K$722K40xas long as short
Phoenix BTC−0.0160%1h85,789+0.068%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,792+0.071%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h85,782.7+0.060%$369K$2.3M50xas long as short
BloFin BTC-USDT−0.0034%8h85,769.9+0.045%$418.4M$665.5M150xas long as short
dYdX BTC-USD0.0000%1h85,797.8+0.078%$16.8M$21.2M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,825.7+0.110%$36.7M200xas long as short
KuCoin XBTUSDTM+0.0005%8h85,799.2+0.080%$918.9M$751.3M125xas long as short
Nado BTC-PERP+0.0010%1h85,787.6+0.066%$22.7M$219.6M50xas long as short
Aster BTCUSDT+0.0019%8h85,792.1+0.071%$516.9M$1.10B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0056%8h85,804+0.085%$1.53Bas long as short
Bitget BTCUSDT+0.0071%8h85,804.3+0.085%$2.96B$5.01B150xas long as short
Reya BTCRUSDPERP+0.0072%1h85,798.4+0.079%$6.7M$146.5M40xas long as short
Phemex BTCUSDT+0.0072%8h85,801.5+0.082%$148.8M$479.8M150xas long as short
Injective BTC/USDC PERP+0.0079%1h85,807+0.089%$341K$26.9M52xas long as short
Aevo BTC-PERP+0.0080%1h85,803.8+0.085%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0086%8h85,802.6+0.083%$5.05B$5.64B500xas long as short
Binance BTCUSDT+0.0087%8h85,804+0.085%$9.36B$23.87B150xas long as short
HTX BTC-USDT+0.0087%8h85,805.5+0.087%$2.27B$935.8M200xas long as short
Lighter BTC+0.0096%1h85,819.8+0.104%$170.3M$995.7M50xas long as short
Lighter RH BTC+0.0096%1h85,822.5+0.107%$24.0M$148.8M50xas long as short
Popdex BTCUSDT+0.0096%1h85,788+0.066%$8.4M$52.2M100xas long as short
SoDEX BTC-USD+0.0098%1h85,817+0.100%$60.1M$336.1M40xas long as short
SunX BTC-USDT+0.0098%8h85,769.7+0.045%$2.9M$6.1M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,817.7+0.101%$3.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,754+0.027%$198K$7.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,886+0.181%$3.75B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,811.9+0.094%$40.2M$577.3M50xas long as short
Bybit BTCUSDT+0.0100%8h85,809+0.091%$5.34B$9.57B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,815.2+0.098%$2.58B$12.11B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,755+0.028%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h85,754.5+0.027%$6.8M$97.5M40xas long as short
Gate BTC_USDT+0.0100%8h85,807.5+0.089%$5.56B$10.55B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,794.9+0.074%$35.2M$172.7M75xas long as short
Variational Omni BTC+0.0100%8h85,806.6+0.088%$157.6M$550.1Mas long as short
edgeX BTCUSDClong+0.0100%4h85,731long leg$280.0M$921.5M100x
GRVT BTC_USDT_Perp+0.0100%8h85,760.8+0.035%$215.4M$166.0M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,808.4+0.090%$140.4M$314.6M100xas long as short
StandX BTC-USD+0.0100%1h85,760.8+0.035%$30.3M$209.4M40xas long as short
Vest BTC-PERP+0.0100%1h85,833+0.119%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,799+0.079%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,814+0.097%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,803.1+0.084%$2.4M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,810.6+0.093%$30.1M$50.9M15xas long as short
Bulk BTC-USD+0.0100%1h85,681.9−0.057%$628.9M$439.0M40xas long as short
Extended BTC-USD+0.0104%1h85,794.4+0.074%$44.2M$226.7M50xas long as short
Jupiter Perps WBTC-PERPshortL +0.0104% / S +0.0056%1h85,787.3+0.066%$105.9M500x
Coinbase International BTC-PERP-INTX+0.0112%1h85,858.6+0.149%$129.4M$5.10B50xas long as short
RISEx BTC/USDC+0.0120%1h85,812.6+0.095%$8.4M$42.2M25xas long as short
Kraken Futures PF_XBTUSD+0.0138%1h85,841.2+0.129%$189.0M$951.7M100xas long as short
Deribit BTC-PERPETUAL+0.0169%1h85,858.8+0.149%$891.5M$1.53B50xas long as short
Aftermath Perps BTCUSD+0.0199%1h85,776.7+0.053%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,800.6+0.081%$703K$7.8M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0178%1h85,820.5+0.104%$13.6M200xas long as short
Kalshi KXBTCPERP+0.0218%8h85,821+0.105%$10.6M$758.0M6.4xas long as short
Perpl BTC+0.0447%43m85,800.1+0.081%$509K$19.3M6.7xas long as short