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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.019%
Price spread now: BingX against Extended+0.014%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$150.152% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.088%−$9 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD86,345.20.0104pay 0.0013% / 1h41m 02s$45.9M$222.5M50x
ShortBingX BTC-USDT86,357.50.0049get 0.0049% / 8h7h 41m$1.58B

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
−$11.55
Price spread: +0.014% → 0.000%
$1.42
Slippage, 4 orders
−$0.2
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$25.33
Costs to cover
0.152%
Break-even
never at this rate
Slippage from Extended: live order book, 3 min ago; BingX: live order book, 8 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, 3 min ago0.06 bp2.6 bp −$32.6 bp −$262.6 bp −$2628.9 bp −$4,473
Sell BingX live order book, 8 min ago0.02 bp5.0 bp −$55.0 bp −$505.0 bp −$5025.6 bp −$2,792

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−0.0129%1h86,448+0.119%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,373+0.032%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,363.8+0.022%$361K$2.4M50xas long as short
Perpl BTC0.0000%43m86,388.2+0.050%$458K$21.9M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,390+0.052%$903.6M$1.51B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,377.2+0.037%$36.9M200xas long as short
dYdX BTC-USD+0.0020%1h86,402.9+0.067%$16.9M$20.5M50xas long as short
Aster BTCUSDT+0.0021%8h86,365.1+0.023%$500.9M$1.14B200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,616+0.314%$333K$26.9M52xas long as short
KuCoin XBTUSDTM+0.0035%8h86,365+0.023%$831.0M$723.6M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BTCUSDT+0.0039%8h86,351.2+0.007%$153.5M$476.2M150xas long as short
Reya BTCRUSDPERP+0.0043%1h86,356.1+0.013%$6.7M$145.7M40xas long as short
BingX BTC-USDTshort+0.0049%8h86,357.5+0.014%$1.58B
RISEx BTC/USDC+0.0052%1h86,367.6+0.026%$8.3M$42.6M25xas long as short
Bitget BTCUSDT+0.0062%8h86,343.9−0.002%$2.97B$5.06B150xas long as short
MEXC BTC_USDT+0.0078%8h86,351+0.007%$5.13B$5.68B500xas long as short
Binance BTCUSDT+0.0079%8h86,352.5+0.008%$9.40B$24.40B150xas long as short
Aevo BTC-PERP+0.0080%1h86,335−0.012%$2.5M$1.6M20xas long as short
Lighter BTC+0.0096%1h86,363.1+0.021%$170.1M$983.7M50xas long as short
Lighter RH BTC+0.0096%1h86,368.4+0.027%$23.7M$149.0M50xas long as short
Popdex BTCUSDT+0.0096%1h86,355+0.011%$8.4M$52.1M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,331−0.016%$201K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,379+0.039%$4.7M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,380.1+0.040%$22.0M$230.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,418+0.084%$3.79B$5.05B40xas long as short
Pacifica BTC+0.0100%1h86,393+0.055%$40.7M$546.1M50xas long as short
Bybit BTCUSDT+0.0100%8h86,360.7+0.018%$5.25B$9.71B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,367.4+0.026%$2.56B$12.56B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,361+0.018%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h86,387.7+0.049%$7.2M$95.6M40xas long as short
Gate BTC_USDT+0.0100%8h86,359.8+0.017%$5.82B$10.52B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,345.7+0.001%$37.4M$156.1M75xas long as short
Variational Omni BTC+0.0100%8h86,351.7+0.007%$158.4M$564.0Mas long as short
edgeX BTCUSDC+0.0100%4h86,429.4+0.097%$279.2M$949.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,468.6+0.143%$217.0M$165.5M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,422.4+0.089%$141.5M$322.2M100xas long as short
StandX BTC-USD+0.0100%1h86,422.8+0.090%$30.7M$208.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,417+0.083%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,358+0.015%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,360.9+0.018%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,354.8+0.011%$2.5M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,393.7+0.056%$144K$667K40xas long as short
Derive BTC-PERP+0.0100%1h86,389.9+0.052%$30.5M$62.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,350+0.006%$3.4M$5.2M100xas long as short
SoDEX BTC-USD+0.0100%1h86,355+0.011%$60.4M$338.2M40xas long as short
HTX BTC-USDT+0.0100%8h86,341.1−0.005%$2.29B$964.3M200xas long as short
Bulk BTC-USD+0.0100%1h86,336.3−0.010%$571.6M$13.0M40xas long as short
Extended BTC-USDlong+0.0104%1h86,345.2long leg$45.9M$222.5M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,375.1+0.035%$99.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,395+0.058%$132.2M$5.48B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,387.6+0.049%$192.1M$944.8M100xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,468+0.142%$712K$8.0M30xas long as short
Aftermath Perps BTCUSD+0.0165%1h86,420.3+0.087%$78K$217K20xas long as short
BloFin BTC-USDT+0.0199%8h86,354.6+0.011%$414.4M$649.7M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0217%1h86,374.4+0.034%$14.5M200xas long as short
Kalshi KXBTCPERP+0.0211%8h86,409+0.074%$9.9M$762.2M6.4xas long as short