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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.003%
Price spread now: StandX against Jupiter Perps−0.031%52s7-day average −0.020% · 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)−0.015%−$1 on $10k
Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.031%, 7d avg −0.020%
Together, before fees+0.016%+ Points / potential airdropStandX: Active · farm board+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps WBTC-PERP85,212.5L +0.0104% / S +0.0048%pay 0.0013% / 1h21m 30s$106.9M500x
ShortStandX BTC-USD85,186.10.0100get 0.0013% / 1h21m 30s$30.1M$207.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: −0.031% → −0.020%
−$1.08
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
−$21.92
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; StandX: live order book, 3 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 StandX live order book, 3 min ago0.65 bp6.3 bp −$67.2 bp −$727.9 bp −$7909.8 bp −$4,880
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
Perpl BTC−0.0112%43m85,249.9+0.044%$524K$18.4M6.7xas long as short
Phoenix BTC−0.0111%1h85,134−0.092%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,272+0.070%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0054%8h85,235.9+0.027%$922.9M$764.0M125xas long as short
BloFin BTC-USDT−0.0035%8h85,137.3−0.088%$419.2M$679.4M150xas long as short
01 Exchange BTCUSD−0.0016%1h85,292.3+0.094%$354K$2.4M50xas long as short
Aster BTCUSDT−0.0016%8h85,262.7+0.059%$512.3M$1.09B200xas long as short
dYdX BTC-USD+0.0001%1h85,252+0.046%$16.7M$21.4M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,214.5+0.002%$36.4M200xas long as short
Injective BTC/USDC PERP+0.0023%1h85,225+0.015%$338K$26.8M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0035%1h85,254.5+0.049%$24.8M$222.4M50xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,264.8+0.061%$187.2M$954.1M100xas long as short
BingX BTC-USDC+0.0067%8h85,246+0.039%$17.4Mas long as short
Phemex BTCUSDT+0.0078%8h85,248.8+0.043%$147.3M$505.1M150xas long as short
Aevo BTC-PERP+0.0080%1h85,233.3+0.024%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0084%8h85,266.7+0.064%$5.05B$5.73B500xas long as short
Bitget BTCUSDT+0.0085%8h85,268.2+0.065%$2.95B$5.15B150xas long as short
Binance BTCUSDT+0.0086%8h85,278.4+0.077%$9.42B$24.81B150xas long as short
Lighter BTC+0.0096%1h85,260.4+0.056%$171.0M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,267.8+0.065%$23.7M$148.7M50xas long as short
Popdex BTCUSDT+0.0096%1h85,283+0.083%$8.3M$55.7M100xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,281.8+0.081%$117.0M$5.39B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,248+0.042%$238K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,312.2+0.117%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,351+0.162%$3.75B$5.06B40xas long as short
Pacifica BTC+0.0100%1h85,283+0.083%$40.2M$599.0M50xas long as short
Bybit BTCUSDT+0.0100%8h85,269.6+0.067%$5.15B$9.94B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,272.3+0.070%$2.58B$12.18B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,273+0.071%$3.8M$17.6M25xas long as short
Arcus BTC-USD+0.0100%1h85,281.3+0.081%$4.6M$99.1M40xas long as short
Bulk BTC-USD+0.0100%1h85,163.7−0.057%$678.5M$565.0M40xas long as short
Gate BTC_USDT+0.0100%8h85,263.4+0.060%$5.50B$11.00B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,249.3+0.043%$36.3M$176.1M75xas long as short
Variational Omni BTC+0.0100%8h85,082−0.153%$154.2M$566.7Mas long as short
edgeX BTCUSDC+0.0100%4h85,112.3−0.118%$279.0M$947.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,107.4−0.123%$213.8M$166.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,093.4−0.140%$139.1M$315.0M100xas long as short
StandX BTC-USDshort+0.0100%1h85,186.1−0.031%$30.1M$207.1M40x
Vest BTC-PERP+0.0100%1h85,327.9+0.135%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,268+0.065%$11.0M$14.4M50xas long as short
Bullet BTC-USD+0.0100%1h85,205.6−0.008%$205K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,224.1+0.014%$2.5M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,274.6+0.073%$228K$760K40xas long as short
Derive BTC-PERP+0.0100%1h85,218.1+0.007%$29.9M$48.5M15xas long as short
SunX BTC-USDT+0.0100%8h85,101.4−0.130%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,247+0.040%$59.7M$336.2M40xas long as short
HTX BTC-USDT+0.0100%8h85,225+0.015%$2.26B$941.4M200xas long as short
Extended BTC-USD+0.0104%1h85,245+0.038%$45.2M$239.3M50xas long as short
Jupiter Perps WBTC-PERPlongL +0.0104% / S +0.0048%1h85,212.5long leg$106.9M500x
Deribit BTC-PERPETUAL+0.0106%1h85,278.7+0.078%$866.9M$1.61B50xas long as short
Reya BTCRUSDPERP+0.0116%1h85,260+0.056%$6.6M$147.4M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,207.5−0.006%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0181%8h85,207−0.006%$11.6M$743.5M6.4xas long as short
Aftermath Perps BTCUSD+0.0225%1h85,186.2−0.031%$78K$227K20xas long as short
Hibachi BTC/USDT-P+0.0232%1h85,232.1+0.023%$688K$8.0M30xas long as short
RISEx BTC/USDC+0.0257%1h85,294.4+0.096%$8.7M$43.2M25xas long as short