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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%
Price spread now: Ondo Perps against Gate+0.015%7-day average +0.010% · 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 days+0.098%+$10 on $10k
Price spread, last 7 days−0.201%−$20 · spread now +0.015%, 7d avg +0.010%
Together, before fees−0.103%+ Points / potential airdropOndo Perps: Active · farm board−$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTC_USDT85,658.80.0100pay 0.0100% / 8h4h 53m$5.54B$10.53B200x
ShortOndo Perps BTC-USD.P85,6720.0100get 0.0013% / 1h53m 09s$3.9M$18.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. 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
Price spread: +0.015% → +0.010%
$0.54
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$19.46
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 6 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 Gate live order book, 6 min ago0.01 bp7.5 bp −$87.5 bp −$759.2 bp −$91913.1 bp −$6,565
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
Bluefin BTC-PERP−0.2766%1h85,699.3+0.047%$194K$725K40xas long as short
Phoenix BTC−0.0179%1h85,6590.000%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,678+0.022%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,649.4−0.011%$370K$2.3M50xas long as short
BloFin BTC-USDT−0.0031%8h85,654.4−0.005%$418.0M$665.8M150xas long as short
dYdX BTC-USD0.0000%1h85,669.4+0.012%$16.7M$21.2M50xas long as short
KuCoin XBTUSDTM0.0000%8h85,646.1−0.015%$920.0M$749.4M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,661.7+0.003%$36.6M200xas long as short
Aster BTCUSDT+0.0016%8h85,644.9−0.016%$516.2M$1.10B200xas long as short
Arcus BTC-USD+0.0021%1h85,636.5−0.026%$6.9M$97.1M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0049%1h85,646.4−0.015%$22.5M$218.8M50xas long as short
BingX BTC-USDC+0.0058%8h85,642.7−0.019%$17.1Mas long as short
ApeX Omni BTCUSDT+0.0059%1h85,584.6−0.087%$139.9M$315.1M100xas long as short
Bitget BTCUSDT+0.0074%8h85,654.4−0.005%$2.96B$5.01B150xas long as short
Reya BTCRUSDPERP+0.0076%1h85,645.3−0.016%$6.7M$146.6M40xas long as short
Aevo BTC-PERP+0.0080%1h85,649.9−0.010%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0088%8h85,651.1−0.009%$5.05B$5.57B500xas long as short
Binance BTCUSDT+0.0089%8h85,654.3−0.005%$9.34B$23.96B150xas long as short
SoDEX BTC-USD+0.0094%1h85,658−0.001%$60.0M$336.1M40xas long as short
Lighter BTC+0.0096%1h85,663+0.005%$174.2M$999.8M50xas long as short
Lighter RH BTC+0.0096%1h85,671.3+0.015%$23.8M$148.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,649−0.011%$8.4M$52.6M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,693.3+0.040%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,630−0.034%$198K$7.8M50xas long as short
Phemex BTCUSDT+0.0100%8h85,658.60.000%$150.8M$482.7M150xas long as short
Hyperliquid BTC+0.0100%1h85,733+0.087%$3.75B$4.96B40xas long as short
Pacifica BTC+0.0100%1h85,682.5+0.028%$40.1M$576.9M50xas long as short
Bybit BTCUSDT+0.0100%8h85,658.2−0.001%$5.33B$9.57B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,659.8+0.001%$2.58B$12.09B100xas long as short
Ondo Perps BTC-USD.Pshort+0.0100%1h85,672+0.015%$3.9M$18.0M25x
Bulk BTC-USD+0.0100%1h85,696.6+0.044%$648.3M$574.6M40xas long as short
Gate BTC_USDTlong+0.0100%8h85,658.8long leg$5.54B$10.53B200x
Backpack BTC_USDC_PERP+0.0100%1h85,646.5−0.014%$36.0M$175.8M75xas long as short
Variational Omni BTC+0.0100%8h85,690.1+0.037%$156.8M$560.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,664.8+0.007%$279.8M$917.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,627.1−0.037%$215.0M$164.8M50xas long as short
StandX BTC-USD+0.0100%1h85,679.3+0.024%$30.3M$207.7M40xas long as short
Vest BTC-PERP+0.0100%1h85,705.7+0.055%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,646−0.015%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,651.4−0.009%$195K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,649.3−0.011%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h85,656.1−0.003%$30.0M$51.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,632.9−0.030%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,650.1−0.010%$2.27B$937.8M200xas long as short
Extended BTC-USD+0.0104%1h85,635.6−0.027%$44.5M$226.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,669+0.012%$106.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,701.1+0.049%$117.5M$5.14B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,724+0.076%$340K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,678+0.022%$189.1M$951.7M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0177% / S −0.0151%1h85,658.1−0.001%$13.4M200xas long as short
Hibachi BTC/USDT-P+0.0184%1h85,698.9+0.047%$703K$7.9M30xas long as short
Deribit BTC-PERPETUAL+0.0193%1h85,708.1+0.057%$892.5M$1.53B50xas long as short
RISEx BTC/USDC+0.0194%1h85,681.8+0.027%$8.4M$42.4M25xas long as short
Aftermath Perps BTCUSD+0.0201%1h85,695+0.042%$78K$219K20xas long as short
Kalshi KXBTCPERP+0.0219%8h85,681+0.026%$10.7M$758.9M6.4xas long as short
Perpl BTC+0.0447%43m85,677.8+0.022%$493K$18.9M6.7xas long as short