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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: SunX against HTX+0.023%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$230.230% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.023%, 7d avg +0.004%
Together, before fees+0.014%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT85,265.40.0100pay 0.0100% / 8h1m 55s$2.25B$974.0M200x
ShortSunX BTC-USDT85,285.10.0100get 0.0100% / 8h1m 55s$2.9M$6.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
Price spread: +0.023% → +0.004%
$1.88
Slippage, 4 orders
−$2.99
Fee HTX: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$21.11
Costs to cover
0.230%
Break-even
never at this rate
Slippage from HTX: live order book, 2 min ago; SunX: live order book, 7 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, 2 min ago0.01 bp6.0 bp −$66.0 bp −$606.6 bp −$6618.2 bp −$4,092
Sell SunX live order book, 7 min ago0.57 bp5.7 bp −$66.1 bp −$617.9 bp −$78611.0 bp −$5,517

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
Hotstuff BTC-PERP−0.0080%1h85,300+0.041%$8K$3K50xas long as short
Phoenix BTC−0.0034%1h85,306+0.048%$2.3M$10.8M40xas long as short
BloFin BTC-USDT−0.0020%8h85,279.7+0.017%$421.7M$684.9M150xas long as short
KuCoin XBTUSDTM−0.0005%8h85,252.1−0.016%$928.3M$777.0M125xas long as short
01 Exchange BTCUSD0.0000%1h85,292.3+0.032%$345K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,270.6+0.006%$36.5M200xas long as short
Aster BTCUSDT+0.0017%8h85,256.3−0.011%$502.1M$1.09B200xas long as short
dYdX BTC-USD+0.0021%1h85,277.8+0.015%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0026%1h85,275.5+0.012%$186.1M$953.6M100xas long as short
Injective BTC/USDC PERP+0.0067%1h85,301+0.042%$311K$26.1M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0067%8h85,227.8−0.044%$17.4Mas long as short
Bybit BTCUSDT+0.0087%8h85,259.9−0.006%$5.08B$10.03B150xas long as short
ApeX Omni BTCUSDT+0.0092%1h85,259−0.008%$138.0M$312.7M100xas long as short
Nado BTC-PERP+0.0095%1h85,303.6+0.045%$24.0M$219.8M50xas long as short
Lighter BTC+0.0096%1h85,278.4+0.015%$169.4M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,275.1+0.011%$23.6M$149.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,283+0.021%$8.4M$57.9M100xas long as short
Aevo BTC-PERP+0.0096%1h85,256.6−0.010%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,263−0.003%$265K$8.7M50xas long as short
Deribit BTC-PERPETUAL+0.0100%1h85,297.8+0.038%$829.9M$1.67B50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,351.8+0.101%$5.7M$9.5M50xas long as short
Pacifica BTC+0.0100%1h85,317.5+0.061%$40.0M$605.4M50xas long as short
Binance BTCUSDT+0.0100%8h85,255.7−0.011%$9.39B$25.18B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,251.1−0.017%$2.60B$12.25B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,306+0.048%$3.8M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,307.3+0.049%$4.6M$97.7M40xas long as short
Bulk BTC-USD+0.0100%1h85,256−0.011%$695.2M$190.7M40xas long as short
Gate BTC_USDT+0.0100%8h85,249.5−0.019%$5.46B$11.19B200xas long as short
MEXC BTC_USDT+0.0100%8h85,249.2−0.019%$5.03B$5.78B500xas long as short
Bitget BTCUSDT+0.0100%8h85,250.1−0.018%$2.97B$5.20B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,257.6−0.009%$36.7M$191.2M75xas long as short
Variational Omni BTC+0.0100%8h85,262.8−0.003%$155.2M$549.3Mas long as short
edgeX BTCUSDC+0.0100%4h85,243.5−0.026%$282.7M$958.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,269.1+0.004%$214.0M$159.3M50xas long as short
StandX BTC-USD+0.0100%1h85,287+0.025%$30.1M$215.7M40xas long as short
Vest BTC-PERP+0.0100%1h85,366+0.118%$9.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,300+0.041%$10.9M$15.0M50xas long as short
Bullet BTC-USD+0.0100%1h85,268.2+0.003%$199K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,260.7−0.006%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,311.1+0.054%$193K$796K40xas long as short
Derive BTC-PERP+0.0100%1h85,317.2+0.061%$28.8M$46.9M15xas long as short
SunX BTC-USDTshort+0.0100%8h85,285.1+0.023%$2.9M$6.1M100x
SoDEX BTC-USD+0.0100%1h85,260−0.006%$59.7M$336.6M40xas long as short
HTX BTC-USDTlong+0.0100%8h85,265.4long leg$2.25B$974.0M200x
Phemex BTCUSDT+0.0100%8h85,260−0.006%$158.7M$516.1M150xas long as short
Extended BTC-USD+0.0104%1h85,230−0.042%$45.7M$241.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,283.6+0.021%$106.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,304.1+0.045%$111.5M$5.46B50xas long as short
Hyperliquid BTC+0.0128%1h85,337+0.084%$3.79B$5.11B40xas long as short
Reya BTCRUSDPERP+0.0145%1h85,254.4−0.013%$6.6M$141.1M40xas long as short
Kalshi KXBTCPERP+0.0173%8h85,310+0.052%$12.0M$737.3M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0149%1h85,262.9−0.003%$13.0M200xas long as short
RISEx BTC/USDC+0.0174%1h85,310.6+0.053%$8.8M$42.9M25xas long as short
Aftermath Perps BTCUSD+0.0288%1h85,284.8+0.023%$81K$250K20xas long as short
Hibachi BTC/USDT-P+0.0304%1h85,322.2+0.067%$682K$7.8M30xas long as short
Perpl BTC+0.0447%43m85,305.4+0.047%$465K$18.4M6.7xas long as short