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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Pacifica against OKX+0.057%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$180.181% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 7 days−0.048%−$5 · spread now +0.057%, 7d avg +0.022%
Together, before fees−0.010%+ Points / potential airdropPacifica: Active · farm board−$1 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: Pacifica is 0.035% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BTC-USDT-SWAP85,463.10.0100pay 0.0100% / 8h3h 12m$2.59B$12.12B100x
ShortPacifica BTC85,511.80.0100get 0.0013% / 1h12m 56s$40.4M$591.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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: +0.057% → +0.022%
$3.5
Slippage, 4 orders
−$0.13
Fee OKX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$14.62
Costs to cover
0.181%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Pacifica: live order book, 1 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 OKX live order book, 1 min ago0.01 bp5.0 bp −$55.0 bp −$505.0 bp −$5046.9 bp −$3,427
Sell Pacifica live order book, 1 min ago0.06 bp4.1 bp −$44.5 bp −$45doesn't fitdoesn'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−0.0140%1h85,504+0.048%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,540+0.090%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0045%8h85,451.6−0.013%$919.3M$758.2M125xas long as short
BloFin BTC-USDT−0.0027%8h85,453.8−0.011%$420.4M$675.7M150xas long as short
01 Exchange BTCUSD−0.0008%1h85,483.3+0.024%$363K$2.3M50xas long as short
Aster BTCUSDT−0.0007%8h85,449.5−0.016%$514.5M$1.10B200xas long as short
Perpl BTC0.0000%43m85,482.2+0.022%$503K$18.7M6.7xas long as short
Nado BTC-PERP+0.0003%1h85,475+0.014%$24.4M$222.9M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,477.8+0.017%$36.5M200xas long as short
dYdX BTC-USD+0.0030%1h85,493.3+0.035%$16.8M$21.2M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0044%1h85,552+0.104%$340K$26.9M52xas long as short
SoDEX BTC-USD+0.0049%1h85,454−0.011%$59.9M$335.9M40xas long as short
Deribit BTC-PERPETUAL+0.0056%1h85,499.8+0.043%$872.2M$1.60B50xas long as short
BingX BTC-USDC+0.0063%8h85,432.5−0.036%$17.1Mas long as short
Phemex BTCUSDT+0.0068%8h85,457.5−0.007%$148.7M$497.2M150xas long as short
Bitget BTCUSDT+0.0079%8h85,457−0.007%$2.95B$5.12B150xas long as short
Binance BTCUSDT+0.0093%8h85,452.3−0.013%$9.44B$24.47B150xas long as short
MEXC BTC_USDT+0.0093%8h85,453.8−0.011%$5.07B$5.67B500xas long as short
Lighter BTC+0.0096%1h85,467.9+0.006%$172.0M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,469.2+0.007%$23.9M$149.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,464+0.001%$8.4M$55.1M100xas long as short
Aevo BTC-PERP+0.0096%1h85,453.1−0.012%$2.7M$3.4M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,462−0.001%$228K$8.4M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,537+0.086%$5.7M$9.4M50xas long as short
Hyperliquid BTC+0.0100%1h85,548+0.099%$3.79B$5.02B40xas long as short
Pacifica BTCshort+0.0100%1h85,511.8+0.057%$40.4M$591.8M50x
Bybit BTCUSDT+0.0100%8h85,453.9−0.011%$5.17B$9.87B150xas long as short
OKX BTC-USDT-SWAPlong+0.0100%8h85,463.1long leg$2.59B$12.12B100x
Ondo Perps BTC-USD.P+0.0100%1h85,471+0.009%$3.8M$17.7M25xas long as short
Arcus BTC-USD+0.0100%1h85,474.4+0.013%$4.7M$99.4M40xas long as short
Gate BTC_USDT+0.0100%8h85,460.9−0.003%$5.53B$10.85B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,452−0.013%$36.4M$178.0M75xas long as short
Variational Omni BTC+0.0100%8h85,488.9+0.030%$154.5M$565.3Mas long as short
edgeX BTCUSDC+0.0100%4h85,507.9+0.052%$279.4M$932.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,529.2+0.077%$214.9M$168.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,566.9+0.121%$139.9M$316.2M100xas long as short
StandX BTC-USD+0.0100%1h85,472+0.010%$30.2M$206.7M40xas long as short
Vest BTC-PERP+0.0100%1h85,530.7+0.079%$11.0M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,462−0.001%$11.1M$14.3M50xas long as short
Bullet BTC-USD+0.0100%1h85,464.1+0.001%$204K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,456.4−0.008%$2.5M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,508.6+0.053%$207K$737K40xas long as short
Derive BTC-PERP+0.0100%1h85,446.3−0.020%$30.0M$50.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,455.7−0.009%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,461.9−0.001%$2.26B$950.1M200xas long as short
Bulk BTC-USD+0.0100%1h85,447−0.019%$679.5M$701.9M40xas long as short
Reya BTCRUSDPERP+0.0104%1h85,452.5−0.012%$6.6M$147.2M40xas long as short
Extended BTC-USD+0.0104%1h85,427.3−0.042%$45.7M$235.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,495.2+0.038%$106.4M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,493.4+0.035%$117.3M$5.26B50xas long as short
Kraken Futures PF_XBTUSD+0.0135%1h85,472.4+0.011%$187.7M$956.7M100xas long as short
Kalshi KXBTCPERP+0.0173%8h85,511+0.056%$11.5M$753.4M6.4xas long as short
RISEx BTC/USDC+0.0174%1h85,511.5+0.057%$8.6M$42.9M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,476.1+0.015%$13.0M200xas long as short
Hibachi BTC/USDT-P+0.0240%1h85,555.1+0.108%$700K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0251%1h85,524.6+0.072%$78K$222K20xas long as short