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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.014%
Price spread now: ApeX Omni against Jupiter Perps−0.084%7-day average −0.003% · you buy dearer than you sell
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)−0.022%−$2 on $10k
Price spread, last 3 days (all we have)+0.074%+$7 · spread now −0.084%, 7d avg −0.003%
Together, before fees+0.053%+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.081% cheaper against Jupiter Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps WBTC-PERP86,362.5L +0.0104% / S +0.0048%pay 0.0013% / 1h13m 22s$99.1M500x
ShortApeX Omni BTCUSDT86,290.30.0100get 0.0013% / 1h13m 22s$141.4M$320.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Jupiter Perps. 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: −0.084% → −0.003%
−$8.06
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$30.9
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; ApeX Omni: live order book, 1 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 Jupiter Perps no order-book sample
Sell ApeX Omni live order book, 1 min ago0.79 bp5.8 bp −$65.8 bp −$5819.0 bp −$1,89941.3 bp −$20.7K
Jupiter 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−0.0129%1h86,372+0.011%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,277−0.099%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h86,265.3−0.113%$364K$2.3M50xas long as short
Bluefin BTC-PERP−0.0017%1h86,306.6−0.065%$144K$667K40xas long as short
Perpl BTC0.0000%43m86,304.7−0.067%$570K$21.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,294.3−0.079%$36.9M200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,365+0.003%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0027%1h86,318.1−0.051%$16.9M$20.5M50xas long as short
Aster BTCUSDT+0.0033%8h86,298.7−0.074%$500.2M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0043%8h86,265.3−0.113%$830.4M$716.6M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0048%1h86,257.1−0.122%$6.7M$145.8M40xas long as short
BingX BTC-USDC+0.0051%8h86,275.2−0.101%$15.3Mas long as short
RISEx BTC/USDC+0.0052%1h86,274.4−0.102%$8.3M$42.4M25xas long as short
Bitget BTCUSDT+0.0065%8h86,278.1−0.098%$2.97B$5.04B150xas long as short
Aevo BTC-PERP+0.0080%1h86,265.3−0.113%$2.5M$1.8M20xas long as short
SoDEX BTC-USD+0.0080%1h86,268−0.109%$60.4M$338.2M40xas long as short
MEXC BTC_USDT+0.0084%8h86,260.6−0.118%$5.10B$5.75B500xas long as short
Binance BTCUSDT+0.0084%8h86,271.5−0.105%$9.40B$24.22B150xas long as short
Phemex BTCUSDT+0.0094%8h86,353−0.011%$155.4M$473.0M150xas long as short
Lighter BTC+0.0096%1h86,299.7−0.073%$170.4M$992.2M50xas long as short
Lighter RH BTC+0.0096%1h86,306.9−0.064%$23.6M$151.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,258−0.121%$8.4M$52.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,238−0.144%$191K$7.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,298.1−0.075%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,290.1−0.084%$22.0M$226.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,328−0.040%$3.78B$4.99B40xas long as short
Pacifica BTC+0.0100%1h86,317.9−0.052%$40.6M$558.6M50xas long as short
Bybit BTCUSDT+0.0100%8h86,282.4−0.093%$5.25B$9.64B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,285.9−0.089%$2.56B$12.45B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,277−0.099%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,293.7−0.080%$7.2M$94.9M40xas long as short
Bulk BTC-USD+0.0100%1h86,145.7−0.251%$580.3M$59.0M40xas long as short
Gate BTC_USDT+0.0100%8h86,280.2−0.095%$5.77B$10.62B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,360−0.003%$35.6M$160.9M75xas long as short
Variational Omni BTC+0.0100%8h86,226.1−0.158%$156.7M$559.2Mas long as short
edgeX BTCUSDC+0.0100%4h86,254.8−0.125%$278.6M$953.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,292.2−0.081%$216.6M$165.6M50xas long as short
ApeX Omni BTCUSDTshort+0.0100%1h86,290.3−0.084%$141.4M$320.5M100x
StandX BTC-USD+0.0100%1h86,313.4−0.057%$30.6M$208.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,323.9−0.045%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,263−0.115%$11.1M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,274−0.102%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,272−0.105%$2.4M$9.1M100xas long as short
Derive BTC-PERP+0.0100%1h86,293.7−0.080%$30.3M$56.7M15xas long as short
SunX BTC-USDT+0.0100%8h86,243.3−0.138%$3.3M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,325−0.043%$2.29B$958.7M200xas long as short
Extended BTC-USD+0.0104%1h86,259.4−0.119%$46.0M$222.5M50xas long as short
Jupiter Perps WBTC-PERPlongL +0.0104% / S +0.0048%1h86,362.5long leg$99.1M500x
Coinbase International BTC-PERP-INTX+0.0120%1h86,292−0.082%$132.3M$5.30B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,283.2−0.092%$191.8M$947.3M100xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,317.2−0.052%$713K$7.9M30xas long as short
Deribit BTC-PERPETUAL+0.0167%1h86,322.7−0.046%$902.3M$1.51B50xas long as short
Aftermath Perps BTCUSD+0.0168%1h86,309.4−0.061%$77K$217K20xas long as short
BloFin BTC-USDT+0.0204%8h86,297−0.076%$416.1M$641.9M150xas long as short
Kalshi KXBTCPERP+0.0205%8h86,354−0.010%$10.6M$765.7M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0222%1h86,287.8−0.086%$14.5M200xas long as short