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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.011%
Price spread now: ApeX Omni against Extended−0.244%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$160.156% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 7 days+0.258%+$26 · spread now −0.244%, 7d avg +0.045%
Together, before fees+0.226%+ Points / potential airdropExtended: Active · farm board+$23 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: ApeX Omni is 0.289% cheaper against Extended than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD85,301.30.0104pay 0.0013% / 1h19m 34s$45.1M$239.4M50x
ShortApeX Omni BTCUSDT85,093.40.0100get 0.0013% / 1h19m 34s$139.1M$315.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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
−$0.84
Price spread: −0.244% → +0.045%
−$28.86
Slippage, 4 orders
−$0.62
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$45.32
Costs to cover
0.156%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; ApeX Omni: 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 Extended live order book, 5 min ago0.06 bp2.6 bp −$32.6 bp −$263.0 bp −$2958.5 bp −$4,266
Sell ApeX Omni live order book, 5 min ago0.25 bp5.3 bp −$55.3 bp −$539.2 bp −$91537.7 bp −$18.8K

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%43m85,327.8+0.031%$527K$18.4M6.7xas long as short
Phoenix BTC−0.0111%1h85,308+0.008%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,339+0.044%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0054%8h85,308.1+0.008%$922.6M$764.7M125xas long as short
BloFin BTC-USDT−0.0034%8h85,226.9−0.087%$419.4M$680.0M150xas long as short
Aster BTCUSDT−0.0015%8h85,322.9+0.025%$512.7M$1.09B200xas long as short
01 Exchange BTCUSD−0.0008%1h85,341.2+0.047%$354K$2.4M50xas long as short
dYdX BTC-USD+0.0001%1h85,297−0.005%$16.7M$21.4M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,302.2+0.001%$36.4M200xas long as short
Injective BTC/USDC PERP+0.0023%1h85,225−0.089%$338K$26.8M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0037%1h85,317+0.018%$24.8M$222.4M50xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,321.4+0.024%$187.6M$954.1M100xas long as short
BingX BTC-USDC+0.0068%8h85,311.3+0.012%$17.5Mas long as short
Phemex BTCUSDT+0.0074%8h85,308.6+0.009%$147.5M$505.3M150xas long as short
Aevo BTC-PERP+0.0080%1h85,299.1−0.003%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0086%8h85,333.2+0.037%$5.04B$5.73B500xas long as short
Bitget BTCUSDT+0.0086%8h85,355.4+0.063%$2.96B$5.16B150xas long as short
Binance BTCUSDT+0.0087%8h85,334.3+0.039%$9.43B$24.83B150xas long as short
Lighter BTC+0.0096%1h85,330.5+0.034%$171.3M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,334.8+0.039%$23.7M$148.7M50xas long as short
Popdex BTCUSDT+0.0096%1h85,333+0.037%$8.3M$55.8M100xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,340.9+0.046%$116.9M$5.40B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,305+0.004%$238K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,380.2+0.092%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,428+0.149%$3.75B$5.07B40xas long as short
Pacifica BTC+0.0100%1h85,350.1+0.057%$40.0M$597.7M50xas long as short
Bybit BTCUSDT+0.0100%8h85,340.8+0.046%$5.14B$9.95B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,350+0.057%$2.58B$12.19B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,323+0.025%$3.8M$17.5M25xas long as short
Arcus BTC-USD+0.0100%1h85,331.9+0.036%$4.6M$99.1M40xas long as short
Bulk BTC-USD+0.0100%1h85,163.7−0.161%$678.5M$565.0M40xas long as short
Gate BTC_USDT+0.0100%8h85,326.5+0.030%$5.51B$11.01B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,306+0.005%$36.3M$176.5M75xas long as short
Variational Omni BTC+0.0100%8h85,218.8−0.097%$154.2M$561.4Mas long as short
edgeX BTCUSDC+0.0100%4h85,241.6−0.070%$279.4M$948.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,107.4−0.227%$213.8M$166.1M50xas long as short
ApeX Omni BTCUSDTshort+0.0100%1h85,093.4−0.244%$139.1M$315.0M100x
StandX BTC-USD+0.0100%1h85,285.1−0.019%$30.1M$207.6M40xas long as short
Vest BTC-PERP+0.0100%1h85,398.7+0.114%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,350+0.057%$11.0M$14.4M50xas long as short
Bullet BTC-USD+0.0100%1h85,290.6−0.013%$205K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,306.8+0.006%$2.6M$9.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,348.2+0.055%$228K$760K40xas long as short
Derive BTC-PERP+0.0100%1h85,279.7−0.025%$30.0M$48.0M15xas long as short
SunX BTC-USDT+0.0100%8h85,283−0.021%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,310+0.010%$59.7M$336.2M40xas long as short
HTX BTC-USDT+0.0100%8h85,299−0.003%$2.26B$942.2M200xas long as short
Extended BTC-USDlong+0.0104%1h85,301.3long leg$45.1M$239.4M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,298.2−0.004%$106.9M500xas long as short
Deribit BTC-PERPETUAL+0.0109%1h85,348.4+0.055%$866.9M$1.61B50xas long as short
Reya BTCRUSDPERP+0.0117%1h85,343.9+0.050%$6.6M$147.4M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,295.1−0.007%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0183%8h85,304+0.003%$11.5M$743.5M6.4xas long as short
Aftermath Perps BTCUSD+0.0225%1h85,223.3−0.092%$78K$227K20xas long as short
Hibachi BTC/USDT-P+0.0232%1h85,319.8+0.022%$688K$8.0M30xas long as short
RISEx BTC/USDC+0.0257%1h85,353+0.061%$8.7M$43.2M25xas long as short