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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.045%
Price spread now: Aevo against Hotstuff+0.011%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: 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: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff BTC-PERP86,460−0.0080get 0.0010% / 1h9m 07s$9K$3K50x
ShortAevo BTC-PERP86,469.60.0072get 0.0009% / 1h9m 07s$2.5M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Hotstuff. 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
$31.92
Price spread: +0.011% → 0.000%
$1.11
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
$12.03
Costs to cover
0.210%
Break-even
4.4 days
Slippage unknown: Hotstuff: no order-book sample; Aevo: live order book, 5 min ago. 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 Hotstuff no order-book sample
Sell Aevo live order book, 5 min ago0.50 bp10.3 bp −$1011.6 bp −$11613.8 bp −$1,383doesn't fit
Hotstuff: 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−0.0118%1h86,444−0.019%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERPlong−0.0080%1h86,460long leg$9K$3K50x
Injective BTC/USDC PERP−0.0035%1h86,345−0.133%$332K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,468.1+0.009%$8.3M$42.8M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,480.4+0.024%$358K$2.4M50xas long as short
Perpl BTC0.0000%43m86,474.2+0.016%$413K$22.4M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,499.1+0.045%$36.8M200xas long as short
Aster BTCUSDT+0.0008%8h86,485+0.029%$501.6M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0022%8h86,481+0.024%$834.2M$728.6M125xas long as short
Reya BTCRUSDPERP+0.0036%1h86,471.1+0.013%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0043%8h86,463.8+0.004%$15.4Mas long as short
Phemex BTCUSDT+0.0055%8h86,474+0.016%$151.0M$478.6M150xas long as short
Bitget BTCUSDT+0.0055%8h86,475.6+0.018%$2.97B$5.13B150xas long as short
dYdX BTC-USD+0.0062%1h86,456.7−0.004%$16.9M$21.2M50xas long as short
Aevo BTC-PERPshort+0.0072%1h86,469.6+0.011%$2.5M$1.4M20x
MEXC BTC_USDT+0.0073%8h86,477.4+0.020%$5.16B$5.69B500xas long as short
Binance BTCUSDT+0.0074%8h86,476.6+0.019%$9.44B$24.55B150xas long as short
Gate BTC_USDT+0.0082%8h86,477.9+0.021%$5.85B$10.81B200xas long as short
Lighter BTC+0.0096%1h86,487.7+0.032%$170.2M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,491.4+0.036%$23.9M$152.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,453−0.008%$8.5M$52.3M100xas long as short
Bybit BTCUSDT+0.0099%8h86,477.7+0.020%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,441−0.022%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,497.1+0.043%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,454.3−0.007%$21.8M$234.1M50xas long as short
Hyperliquid BTC+0.0100%1h86,532+0.083%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,494.7+0.040%$41.1M$538.1M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,480.5+0.024%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,474+0.016%$3.9M$18.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,491.8+0.037%$7.3M$96.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,474.8+0.017%$38.0M$156.0M75xas long as short
Variational Omni BTC+0.0100%8h86,407.7−0.060%$157.0M$567.1Mas long as short
edgeX BTCUSDC+0.0100%4h86,408.7−0.059%$279.1M$946.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,429.2−0.036%$217.0M$172.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,423.1−0.043%$141.3M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,460.10.000%$30.7M$206.5M40xas long as short
Vest BTC-PERP+0.0100%1h86,499.5+0.046%$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,465+0.006%$11.1M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,481.3+0.025%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,479.4+0.022%$2.5M$9.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,517.8+0.067%$141K$664K40xas long as short
Derive BTC-PERP+0.0100%1h86,513.7+0.062%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,448.1−0.014%$3.4M$5.3M100xas long as short
SoDEX BTC-USD+0.0100%1h86,475+0.017%$60.5M$338.1M40xas long as short
HTX BTC-USDT+0.0100%8h86,461.5+0.002%$2.29B$968.2M200xas long as short
Bulk BTC-USD+0.0100%1h86,452.9−0.008%$572.2M$12.3M40xas long as short
Extended BTC-USD+0.0104%1h86,465.4+0.006%$45.7M$227.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,468.3+0.010%$100.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,503+0.050%$192.9M$953.2M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,517.4+0.066%$132.2M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0159%1h86,475.5+0.018%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,484.8+0.029%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0194%8h86,461.9+0.002%$415.2M$658.5M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0199% / S −0.0223%1h86,489.7+0.034%$15.0M200xas long as short
Kalshi KXBTCPERP+0.0207%8h86,495+0.040%$10.1M$751.8M6.4xas long as short
Deribit BTC-PERPETUAL+0.0403%1h86,539.8+0.092%$914.5M$1.49B50xas long as short