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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Ondo Perps against Extended+0.036%7-day average +0.049% · 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 7 days0.000%$0 on $10k
Price spread, last 7 days−0.112%−$11 · spread now +0.036%, 7d avg +0.049%
Together, before fees−0.112%+ Points / potential airdropExtended: Active · Ondo Perps: Active · farm board−$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD85,374.70.0104pay 0.0013% / 1h59m 23s$44.5M$240.5M50x
ShortOndo Perps BTC-USD.P85,4050.0100get 0.0013% / 1h59m 23s$3.8M$17.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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: +0.036% → +0.049%
−$1.37
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$12.21
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 5 min ago; Ondo 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 Extended live order book, 5 min ago0.06 bp2.6 bp −$32.6 bp −$262.9 bp −$2879.2 bp −$4,596
Sell Ondo Perps no order-book sample
Ondo 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
Phoenix BTC−0.0111%1h85,504+0.151%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,395+0.024%$8K$3K50xas long as short
Nado BTC-PERP−0.0074%1h85,373.4−0.002%$24.5M$222.8M50xas long as short
KuCoin XBTUSDTM−0.0049%8h85,383+0.010%$927.5M$772.1M125xas long as short
BloFin BTC-USDT−0.0023%8h85,488.5+0.133%$420.5M$684.0M150xas long as short
01 Exchange BTCUSD−0.0008%1h85,403.4+0.034%$353K$2.4M50xas long as short
Aster BTCUSDT−0.0008%8h85,370.1−0.005%$513.3M$1.09B200xas long as short
Perpl BTC0.0000%43m85,385+0.012%$528K$18.3M6.7xas long as short
dYdX BTC-USD+0.0002%1h85,391.8+0.020%$16.7M$21.4M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,388+0.016%$36.5M200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BTC-PERPETUAL+0.0027%1h85,420.4+0.054%$868.8M$1.62B50xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,390.5+0.018%$188.1M$955.5M100xas long as short
Injective BTC/USDC PERP+0.0057%1h85,405+0.036%$339K$26.8M52xas long as short
BingX BTC-USDC+0.0070%8h85,356.4−0.021%$17.5Mas long as short
Bitget BTCUSDT+0.0087%8h85,377.8+0.004%$2.95B$5.18B150xas long as short
Phemex BTCUSDT+0.0090%8h85,382.3+0.009%$148.9M$507.3M150xas long as short
Lighter BTC+0.0096%1h85,398.5+0.028%$170.7M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,398.6+0.028%$23.6M$147.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,396+0.025%$8.3M$55.9M100xas long as short
Aevo BTC-PERP+0.0096%1h85,371.1−0.004%$2.4M$6.7M20xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,419.9+0.053%$117.6M$5.46B50xas long as short
Binance BTCUSDT+0.0097%8h85,382.3+0.009%$9.44B$24.98B150xas long as short
MEXC BTC_USDT+0.0097%8h85,385.6+0.013%$5.01B$5.72B500xas long as short
Katana Perps BTC-USD+0.0100%8h85,369−0.007%$238K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,429.3+0.064%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,457+0.096%$3.75B$5.09B40xas long as short
Pacifica BTC+0.0100%1h85,414.5+0.047%$40.1M$602.1M50xas long as short
Bybit BTCUSDT+0.0100%8h85,380.1+0.006%$5.14B$9.99B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,380.9+0.007%$2.59B$12.24B100xas long as short
Ondo Perps BTC-USD.Pshort+0.0100%1h85,405+0.036%$3.8M$17.4M25x
Arcus BTC-USD+0.0100%1h85,404.2+0.035%$4.6M$98.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,381.5+0.008%$5.51B$10.93B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,357−0.021%$36.6M$179.7M75xas long as short
Variational Omni BTC+0.0100%8h85,449.7+0.088%$155.0M$560.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,469+0.110%$280.0M$954.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,473.2+0.115%$214.6M$167.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,469.9+0.112%$139.7M$314.3M100xas long as short
StandX BTC-USD+0.0100%1h85,475+0.117%$30.1M$207.1M40xas long as short
Vest BTC-PERP+0.0100%1h85,460+0.100%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,382+0.009%$11.0M$14.6M50xas long as short
Bullet BTC-USD+0.0100%1h85,383.8+0.011%$204K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,383.5+0.010%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,412.6+0.044%$194K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,360.5−0.017%$30.0M$47.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,367.2−0.009%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,383+0.010%$59.7M$336.6M40xas long as short
HTX BTC-USDT+0.0100%8h85,383.3+0.010%$2.26B$942.8M200xas long as short
Bulk BTC-USD+0.0100%1h85,476.9+0.120%$684.3M$499.2M40xas long as short
Extended BTC-USDlong+0.0104%1h85,374.7long leg$44.5M$240.5M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,385.7+0.013%$106.9M500xas long as short
Reya BTCRUSDPERP+0.0121%1h85,372.9−0.002%$6.6M$147.6M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0152%1h85,389.5+0.017%$13.0M200xas long as short
RISEx BTC/USDC+0.0193%1h85,420.6+0.054%$8.8M$43.2M25xas long as short
Kalshi KXBTCPERP+0.0209%8h85,441+0.078%$11.6M$743.9M6.4xas long as short
Aftermath Perps BTCUSD+0.0233%1h85,473.7+0.116%$79K$229K20xas long as short
Hibachi BTC/USDT-P+0.0240%1h85,509+0.157%$692K$8.0M30xas long as short