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: Extended against HTX−0.006%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$170.172% 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)+0.082%+$8 · spread now −0.006%, 7d avg −0.017%
Together, before fees+0.170%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,530.70.0100pay 0.0100% / 8h2h 39m$2.30B$956.7M200x
ShortExtended BTC-USD86,525.60.0104get 0.0013% / 1h39m 15s$46.4M$228.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against HTX. 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: −0.006% → −0.017%
$1.11
Slippage, 4 orders
−$0.17
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$15.22
Costs to cover
0.172%
Break-even
133.8 days
Slippage from HTX: live order book, 5 min ago; Extended: 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 HTX live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$607.0 bp −$70510.0 bp −$5,022
Sell Extended live order book, 5 min ago0.06 bp2.6 bp −$33.6 bp −$364.7 bp −$47210.7 bp −$5,345

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
Perpl BTC−0.0223%43m86,583.4+0.061%$429K$24.9M6.7xas long as short
Aftermath Perps BTCUSD−0.0219%1h86,610.4+0.092%$85K$188K20xas long as short
Phoenix BTC−0.0103%1h86,607+0.088%$2.2M$12.4M40xas long as short
dYdX BTC-USD−0.0100%1h86,611.8+0.094%$17.7M$20.3M50xas long as short
Hotstuff BTC-PERP−0.0080%1h86,612+0.094%$9K$3K50xas long as short
KuCoin XBTUSDTM−0.0001%8h86,540.9+0.012%$844.7M$707.5M125xas long as short
01 Exchange BTCUSD0.0000%1h86,574.3+0.050%$361K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,566.2+0.041%$936.5M$1.43B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,571.8+0.047%$36.6M200xas long as short
Aster BTCUSDT+0.0010%8h86,548.4+0.020%$505.4M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,537.1+0.007%$6.7M$144.2M40xas long as short
BingX BTC-USDC+0.0022%8h86,536.9+0.007%$15.3Mas long as short
Phemex BTCUSDT+0.0026%8h86,530.70.000%$149.6M$470.7M150xas long as short
Bitget BTCUSDT+0.0027%8h86,536.6+0.007%$2.94B$5.07B150xas long as short
Aevo BTC-PERP+0.0048%1h86,539.9+0.011%$2.4M$1.3M20xas long as short
Injective BTC/USDC PERP+0.0049%1h86,732+0.233%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0050%8h86,549.1+0.021%$5.18B$5.66B500xas long as short
Binance BTCUSDT+0.0051%8h86,534.8+0.005%$9.43B$24.30B150xas long as short
RISEx BTC/USDC+0.0063%1h86,559.6+0.033%$9.2M$41.9M25xas long as short
OKX BTC-USDT-SWAP+0.0067%8h86,543+0.014%$2.56B$12.68B100xas long as short
Gate BTC_USDT+0.0067%8h86,546.9+0.019%$5.84B$10.61B200xas long as short
Bybit BTCUSDT+0.0078%8h86,540.2+0.011%$5.27B$9.66B150xas long as short
Variational Omni BTC+0.0091%8h86,619.6+0.103%$160.0M$567.4Mas long as short
Lighter BTC+0.0096%1h86,544.2+0.016%$171.9M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,549.7+0.022%$24.0M$153.3M50xas long as short
Popdex BTCUSDT+0.0096%1h86,548+0.020%$8.5M$52.1M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,595.7+0.075%$4.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,541+0.012%$197K$6.8M50xas long as short
Nado BTC-PERP+0.0100%1h86,571.1+0.047%$21.8M$235.8M50xas long as short
Hyperliquid BTC+0.0100%1h86,621+0.104%$3.82B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,598.4+0.078%$41.3M$490.3M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,569+0.044%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,614.3+0.097%$7.4M$93.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,606.9+0.088%$571.9M$22.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,623.5+0.107%$38.1M$148.2M75xas long as short
edgeX BTCUSDC+0.0100%4h86,603.7+0.084%$279.8M$949.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,620.3+0.104%$217.5M$188.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,631.1+0.116%$141.6M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,602+0.082%$30.8M$205.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,630.5+0.115%$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,552+0.025%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,550+0.022%$193K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,555.5+0.029%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,561.7+0.036%$140K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,552.3+0.025%$30.0M$61.7M15xas long as short
SunX BTC-USDT+0.0100%8h86,572.6+0.048%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,535+0.005%$60.4M$336.4M40xas long as short
HTX BTC-USDTlong+0.0100%8h86,530.7long leg$2.30B$956.7M200x
Extended BTC-USDshort+0.0104%1h86,525.6−0.006%$46.4M$228.1M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,568.3+0.043%$98.2M500xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,567.1+0.042%$190.4M$930.3M100xas long as short
Kalshi KXBTCPERP+0.0120%8h86,578+0.055%$8.8M$723.8M6.4xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,578.9+0.056%$131.9M$5.86B50xas long as short
BloFin BTC-USDT+0.0171%8h86,555+0.028%$416.9M$646.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0178% / S −0.0185%1h86,566.8+0.042%$14.9M200xas long as short
Hibachi BTC/USDT-P+0.0224%1h86,648.2+0.136%$602K$7.2M30xas long as short