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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.006%
Price spread now: MEXC against Extended+0.023%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$90.093% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.056%−$6 on $10k
Price spread, last 7 days−0.010%−$1 · spread now +0.023%, 7d avg +0.036%
Together, before fees−0.066%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD85,858.90.0104pay 0.0013% / 1h49m 46s$44.9M$226.3M50x
ShortMEXC BTC_USDT85,878.50.0081get 0.0081% / 8h6h 49m$5.09B$5.66B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
−$4.83
Price spread: +0.023% → +0.036%
−$1.33
Slippage, 4 orders
−$0.28
Fee Extended: 2.5 bp × 2 orders
−$5
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$15.44
Costs to cover
0.093%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; MEXC: 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 Extended live order book, 4 min ago0.06 bp2.6 bp −$32.6 bp −$263.3 bp −$3309.8 bp −$4,878
Sell MEXC live order book, 4 min ago0.01 bp2.0 bp −$22.0 bp −$202.0 bp −$2012.2 bp −$1,090

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−0.0144%1h85,641−0.254%$2.2M$10.5M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,779−0.093%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0056%1h85,813.2−0.053%$365K$2.3M50xas long as short
BloFin BTC-USDT−0.0039%8h85,793.5−0.076%$415.3M$657.4M150xas long as short
ApeX Omni BTCUSDT−0.0008%1h85,747.6−0.130%$140.2M$320.8M100xas long as short
dYdX BTC-USD0.0000%1h85,837.1−0.025%$16.8M$20.6M50xas long as short
Perpl BTC0.0000%43m85,832.4−0.031%$512K$21.3M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,819.3−0.046%$36.7M200xas long as short
Injective BTC/USDC PERP+0.0020%1h85,810−0.057%$341K$26.9M52xas long as short
Aster BTCUSDT+0.0031%8h85,867.5+0.010%$498.2M$1.13B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XBTUSDTM+0.0042%8h85,859.4+0.001%$894.7M$756.2M125xas long as short
RISEx BTC/USDC+0.0044%1h85,841.6−0.020%$8.1M$42.6M25xas long as short
BingX BTC-USDT+0.0052%8h85,874.6+0.018%$1.59Bas long as short
Reya BTCRUSDPERP+0.0052%1h85,799−0.070%$6.7M$146.0M40xas long as short
HTX BTC-USDT+0.0057%8h85,815.9−0.050%$2.28B$968.8M200xas long as short
Bitget BTCUSDT+0.0066%8h85,878.4+0.023%$2.95B$5.13B150xas long as short
Nado BTC-PERP+0.0079%1h85,801−0.067%$22.5M$228.7M50xas long as short
Aevo BTC-PERP+0.0080%1h85,820.9−0.044%$2.5M$1.8M20xas long as short
MEXC BTC_USDTshort+0.0081%8h85,878.5+0.023%$5.09B$5.66B500x
Binance BTCUSDT+0.0083%8h85,867.8+0.010%$9.35B$24.59B150xas long as short
Gate BTC_USDT+0.0086%8h85,881.9+0.027%$5.66B$10.36B200xas long as short
Lighter BTC+0.0096%1h85,854.1−0.006%$170.9M$976.3M50xas long as short
Lighter RH BTC+0.0096%1h85,864.5+0.007%$23.3M$145.1M50xas long as short
GRVT BTC_USDT_Perp+0.0096%8h85,757.5−0.118%$215.4M$162.7M50xas long as short
Popdex BTCUSDT+0.0096%1h85,833−0.030%$8.4M$52.5M100xas long as short
Deribit BTC-PERPETUAL+0.0097%1h85,871.4+0.015%$895.0M$1.54B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,804−0.064%$206K$7.5M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,860.2+0.002%$3.8M$8.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,944+0.099%$3.77B$5.02B40xas long as short
Pacifica BTC+0.0100%1h85,856.5−0.003%$40.8M$566.3M50xas long as short
Bybit BTCUSDT+0.0100%8h85,892.4+0.039%$5.26B$9.80B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,892.9+0.040%$2.55B$12.56B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,825−0.039%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h85,818.4−0.047%$7.3M$98.0M40xas long as short
Bulk BTC-USD+0.0100%1h85,888.3+0.034%$579.3M$92.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,858.3−0.001%$35.2M$162.7M75xas long as short
Variational Omni BTC+0.0100%8h85,782.9−0.089%$155.6M$556.1Mas long as short
edgeX BTCUSDC+0.0100%4h85,687.9−0.199%$277.7M$941.4M100xas long as short
StandX BTC-USD+0.0100%1h85,793.4−0.076%$30.4M$206.6M40xas long as short
Vest BTC-PERP+0.0100%1h85,856.9−0.002%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,825−0.039%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,815.9−0.050%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,833.6−0.029%$2.4M$9.1M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,846.1−0.015%$186K$709K40xas long as short
Derive BTC-PERP+0.0100%1h85,840.6−0.021%$30.0M$57.4M15xas long as short
SunX BTC-USDT+0.0100%8h85,807.5−0.060%$2.9M$6.6M100xas long as short
SoDEX BTC-USD+0.0100%1h85,836−0.027%$60.1M$338.1M40xas long as short
Phemex BTCUSDT+0.0100%8h85,847.6−0.013%$153.8M$476.8M150xas long as short
Extended BTC-USDlong+0.0104%1h85,858.9long leg$44.9M$226.3M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,814.8−0.051%$101.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,871.1+0.014%$131.7M$5.26B50xas long as short
Hibachi BTC/USDT-P+0.0120%1h85,813.4−0.053%$707K$8.0M30xas long as short
Kraken Futures PF_XBTUSD+0.0146%1h85,864.3+0.006%$189.4M$969.6M100xas long as short
Aftermath Perps BTCUSD+0.0153%1h85,829.7−0.034%$77K$217K20xas long as short
Kalshi KXBTCPERP+0.0203%8h85,840−0.022%$9.9M$768.5M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0204% / S −0.0194%1h85,812.5−0.054%$13.8M200xas long as short