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 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against Nado−0.010%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.193% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.010%, 7d avg −0.005%
Together, before fees−0.037%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado BTC-PERP86,550.10.0100pay 0.0012% / 1h51m 48s$21.8M$234.7M50x
ShortSunX BTC-USDT86,541.50.0100get 0.0100% / 8h51m 48s$3.4M$5.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Nado. 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: −0.010% → −0.005%
−$0.49
Slippage, 4 orders
−$4.34
Fee Nado: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
−$19.83
Costs to cover
0.193%
Break-even
2037074922388729.3 days
Slippage from Nado: 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 Nado live order book, 2 min ago0.06 bp3.6 bp −$43.6 bp −$364.9 bp −$48812.8 bp −$6,415
Sell SunX live order book, 7 min ago1.21 bp6.0 bp −$67.9 bp −$7910.9 bp −$1,090doesn't fit

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%1h86,543−0.008%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,521−0.034%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,601+0.059%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,554.7+0.005%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,562.9+0.015%$358K$2.5M50xas long as short
Aster BTCUSDT−0.0004%8h86,559.8+0.011%$502.5M$1.15B200xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,578+0.032%$916.8M$1.49B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,562.4+0.014%$36.9M200xas long as short
KuCoin XBTUSDTM+0.0009%8h86,553.1+0.004%$849.2M$713.9M125xas long as short
Reya BTCRUSDPERP+0.0024%1h86,550.10.000%$6.7M$145.3M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0040%8h86,553.5+0.004%$15.4Mas long as short
dYdX BTC-USD+0.0044%1h86,591.4+0.048%$17.0M$21.1M50xas long as short
Phemex BTCUSDT+0.0046%8h86,545.1−0.006%$149.8M$478.7M150xas long as short
Bitget BTCUSDT+0.0052%8h86,563.3+0.015%$2.96B$5.12B150xas long as short
MEXC BTC_USDT+0.0071%8h86,566.2+0.019%$5.13B$5.62B500xas long as short
Binance BTCUSDT+0.0072%8h86,562.2+0.014%$9.43B$24.53B150xas long as short
Aevo BTC-PERP+0.0072%1h86,537.6−0.014%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0081%8h86,566.7+0.019%$5.88B$10.71B200xas long as short
Aftermath Perps BTCUSD+0.0094%1h86,520.9−0.034%$79K$220K20xas long as short
Lighter BTC+0.0096%1h86,581+0.036%$170.4M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,571.6+0.025%$24.1M$151.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,5500.000%$8.5M$52.5M100xas long as short
Bybit BTCUSDT+0.0099%8h86,566.2+0.019%$5.26B$9.81B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,525−0.029%$199K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,575.6+0.029%$4.8M$8.6M50xas long as short
Nado BTC-PERPlong+0.0100%1h86,550.1long leg$21.8M$234.7M50x
Hyperliquid BTC+0.0100%1h86,643+0.107%$3.80B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,572.1+0.025%$41.2M$521.5M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,577.2+0.031%$2.55B$12.75B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,556+0.007%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,583.4+0.039%$7.6M$94.9M40xas long as short
Bulk BTC-USD+0.0100%1h86,382.9−0.193%$571.1M$18.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,541.9−0.009%$37.8M$154.7M75xas long as short
Variational Omni BTC+0.0100%8h86,463.3−0.100%$155.7M$568.3Mas long as short
edgeX BTCUSDC+0.0100%4h86,512.3−0.044%$279.6M$945.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,538.5−0.013%$217.2M$173.5M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,442−0.125%$141.3M$323.3M100xas long as short
StandX BTC-USD+0.0100%1h86,570.1+0.023%$30.7M$204.5M40xas long as short
Vest BTC-PERP+0.0100%1h86,602.7+0.061%$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,554+0.005%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,553+0.003%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,541.5−0.010%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,572.8+0.026%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,577.2+0.031%$30.6M$62.6M15xas long as short
SunX BTC-USDTshort+0.0100%8h86,541.5−0.010%$3.4M$5.4M100x
SoDEX BTC-USD+0.0100%1h86,543−0.008%$60.5M$337.6M40xas long as short
HTX BTC-USDT+0.0100%8h86,536.6−0.016%$2.30B$969.5M200xas long as short
Extended BTC-USD+0.0104%1h86,553.2+0.004%$45.3M$226.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,571.2+0.024%$99.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,578.5+0.033%$191.9M$949.4M100xas long as short
Perpl BTC+0.0112%43m86,569.4+0.022%$417K$23.4M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,592+0.048%$132.8M$5.68B50xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,561.3+0.013%$718K$8.1M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0190% / S −0.0213%1h86,566.7+0.019%$15.1M200xas long as short
BloFin BTC-USDT+0.0191%8h86,574.8+0.029%$414.3M$658.4M150xas long as short
Kalshi KXBTCPERP+0.0204%8h86,584+0.039%$9.8M$739.9M6.4xas long as short