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−0.0004%/8h= −0.4% APRpaid last 24h −0.010%
Price spread now: HTX against Extended−0.007%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$170.171% 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 3 days (all we have)−0.068%−$7 · spread now −0.007%, 7d avg +0.017%
Together, before fees−0.156%+ Points / potential airdropExtended: Active · farm board−$16 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 0.024% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD86,803.50.0104pay 0.0013% / 1h24m 09s$46.3M$228.1M50x
ShortHTX BTC-USDT86,7970.0100get 0.0100% / 8h2h 24m$2.31B$958.3M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: −0.007% → +0.017%
−$2.44
Slippage, 4 orders
−$0.13
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$20.41
Costs to cover
0.171%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; HTX: 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 −$262.7 bp −$2667.8 bp −$3,894
Sell HTX live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.1 bp −$6088.1 bp −$4,056

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−0.0236%1h86,700−0.119%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,815.1+0.013%$431K$24.8M6.7xas long as short
Phoenix BTC−0.0103%1h86,583−0.254%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,781−0.026%$9K$3K50xas long as short
dYdX BTC-USD−0.0071%1h86,784.5−0.022%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,822.9+0.022%$364K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,844.3+0.047%$934.6M$1.45B50xas long as short
KuCoin XBTUSDTM+0.0003%8h86,803.70.000%$849.4M$706.1M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,831+0.032%$36.9M200xas long as short
Aster BTCUSDT+0.0009%8h86,794.8−0.010%$506.9M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,799.1−0.005%$6.8M$144.4M40xas long as short
Phemex BTCUSDT+0.0021%8h86,810.2+0.008%$150.4M$471.6M150xas long as short
BingX BTC-USDT+0.0025%8h86,814.5+0.013%$1.60Bas long as short
Bitget BTCUSDT+0.0033%8h86,809+0.006%$2.96B$5.08B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639−0.189%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0056%8h86,810.1+0.008%$5.19B$5.69B500xas long as short
Aevo BTC-PERP+0.0056%1h86,811.2+0.009%$2.4M$1.3M20xas long as short
Binance BTCUSDT+0.0057%8h86,810.2+0.008%$9.45B$24.34B150xas long as short
RISEx BTC/USDC+0.0063%1h86,802.1−0.002%$9.2M$41.9M25xas long as short
Gate BTC_USDT+0.0080%8h86,813.4+0.011%$5.86B$10.65B200xas long as short
OKX BTC-USDT-SWAP+0.0080%8h86,824.9+0.025%$2.56B$12.75B100xas long as short
Bybit BTCUSDT+0.0084%8h86,814.8+0.013%$5.28B$9.69B150xas long as short
Lighter BTC+0.0096%1h86,822.6+0.022%$172.1M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,827.5+0.028%$24.0M$153.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,790−0.016%$8.5M$52.3M100xas long as short
Variational Omni BTC+0.0097%8h86,726.9−0.088%$159.3M$566.6Mas long as short
Katana Perps BTC-USD+0.0100%8h86,780−0.027%$201K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,838+0.040%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,799.9−0.004%$21.8M$235.6M50xas long as short
Hyperliquid BTC+0.0100%1h86,886+0.095%$3.83B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,822.1+0.021%$41.0M$492.6M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,791−0.014%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,861.5+0.067%$7.6M$94.5M40xas long as short
Bulk BTC-USD+0.0100%1h86,577.9−0.260%$571.8M$22.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,808.6+0.006%$38.2M$148.5M75xas long as short
edgeX BTCUSDC+0.0100%4h86,653.8−0.172%$280.0M$950.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,676.9−0.146%$217.6M$187.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,687.3−0.134%$141.5M$322.6M100xas long as short
StandX BTC-USD+0.0100%1h86,729.7−0.085%$30.8M$205.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,835.8+0.037%$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,800−0.004%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,811+0.009%$198K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,829.6+0.030%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,841.9+0.044%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,818.2+0.017%$30.1M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,790.9−0.014%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,810+0.008%$60.6M$336.4M40xas long as short
HTX BTC-USDTshort+0.0100%8h86,797−0.007%$2.31B$958.3M200x
Extended BTC-USDlong+0.0104%1h86,803.5long leg$46.3M$228.1M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,820.2+0.019%$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,842.7+0.045%$188.8M$932.9M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,861.3+0.067%$132.2M$5.87B50xas long as short
Kalshi KXBTCPERP+0.0133%8h86,833+0.034%$9.6M$726.2M6.4xas long as short
BloFin BTC-USDT+0.0177%8h86,751.2−0.060%$417.2M$654.5M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0179% / S −0.0201%1h86,826.4+0.026%$14.7M200xas long as short
Hibachi BTC/USDT-P+0.0216%1h86,782.6−0.024%$618K$7.1M30xas long as short