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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.007%
Price spread now: StandX against OKX−0.145%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$210.211% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 7 days+0.132%+$13 · spread now −0.145%, 7d avg −0.006%
Together, before fees+0.166%+ Points / potential airdropStandX: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. StandX is 0.139% cheaper against OKX than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of −0.006%). If the spread goes back, that is −$14 on $10k: about 20 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BTC-USDT-SWAP86,750.60.0077pay 0.0077% / 8h2h 26m$2.56B$12.73B100x
ShortStandX BTC-USD86,625.20.0100get 0.0013% / 1h26m 26s$30.8M$205.2M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$4.78
Price spread: −0.145% → −0.006%
−$13.88
Slippage, 4 orders
−$3.14
Fee OKX: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$30.24
Costs to cover
0.211%
Break-even
51.3 days
Slippage from OKX: live order book, 3 min ago; StandX: live order book, 3 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, 3 min ago0.01 bp5.0 bp −$55.0 bp −$505.5 bp −$5467.1 bp −$3,558
Sell StandX live order book, 3 min ago0.81 bp4.9 bp −$55.6 bp −$566.9 bp −$6888.9 bp −$4,470

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
Aftermath Perps BTCUSD−0.0235%1h86,655−0.110%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,737.5−0.015%$431K$24.8M6.7xas long as short
Phoenix BTC−0.0103%1h86,583−0.193%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,653−0.113%$9K$3K50xas long as short
dYdX BTC-USD−0.0075%1h86,733.4−0.020%$17.6M$20.5M50xas long as short
01 Exchange BTCUSD0.0000%1h86,756.3+0.007%$364K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,715.7−0.040%$935.3M$1.44B50xas long as short
KuCoin XBTUSDTM+0.0002%8h86,728.8−0.025%$845.0M$704.6M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,702.4−0.056%$36.9M200xas long as short
Aster BTCUSDT+0.0008%8h86,715.9−0.040%$506.5M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,736.1−0.017%$6.7M$144.4M40xas long as short
Phemex BTCUSDT+0.0023%8h86,679.3−0.082%$150.0M$471.5M150xas long as short
BingX BTC-USDT+0.0025%8h86,716.5−0.039%$1.59Bas long as short
Bitget BTCUSDT+0.0032%8h86,742.3−0.010%$2.95B$5.08B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639−0.129%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0055%8h86,756.5+0.007%$5.19B$5.68B500xas long as short
Binance BTCUSDT+0.0055%8h86,750.50.000%$9.45B$24.32B150xas long as short
Aevo BTC-PERP+0.0056%1h86,679.2−0.082%$2.4M$1.3M20xas long as short
RISEx BTC/USDC+0.0063%1h86,726−0.028%$9.2M$42.0M25xas long as short
OKX BTC-USDT-SWAPlong+0.0077%8h86,750.6long leg$2.56B$12.73B100x
Gate BTC_USDT+0.0079%8h86,725.9−0.028%$5.86B$10.64B200xas long as short
Bybit BTCUSDT+0.0083%8h86,741.8−0.010%$5.27B$9.68B150xas long as short
Variational Omni BTC+0.0095%8h86,614.5−0.157%$160.3M$564.8Mas long as short
Lighter BTC+0.0096%1h86,752.1+0.002%$171.9M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,716.2−0.040%$24.0M$153.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,731−0.023%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,723−0.032%$195K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,752.1+0.002%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,698.7−0.060%$21.8M$235.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,815+0.074%$3.82B$5.13B40xas long as short
Pacifica BTC+0.0100%1h86,757.7+0.008%$41.0M$492.6M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,718−0.038%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,787.2+0.042%$7.8M$94.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,577.9−0.199%$571.8M$22.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,681.7−0.079%$38.2M$148.4M75xas long as short
edgeX BTCUSDC+0.0100%4h86,587−0.189%$279.7M$950.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,622.1−0.148%$217.5M$187.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,626.6−0.143%$141.4M$322.8M100xas long as short
StandX BTC-USDshort+0.0100%1h86,625.2−0.145%$30.8M$205.2M40x
Vest BTC-PERP+0.0100%1h86,777.7+0.031%$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,739−0.013%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,756.5+0.007%$198K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,694.9−0.064%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,708.4−0.049%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,687.8−0.072%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,666−0.098%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,682−0.079%$60.5M$336.4M40xas long as short
HTX BTC-USDT+0.0100%8h86,680−0.081%$2.30B$957.3M200xas long as short
Extended BTC-USD+0.0104%1h86,702.1−0.056%$46.3M$228.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,698.1−0.060%$98.4M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,714.9−0.041%$188.4M$932.0M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,723−0.032%$132.0M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0126%8h86,695−0.064%$9.0M$723.7M6.4xas long as short
BloFin BTC-USDT+0.0175%8h86,679.4−0.082%$417.3M$653.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0179% / S −0.0189%1h86,691.8−0.068%$15.1M200xas long as short
Hibachi BTC/USDT-P+0.0224%1h86,666.7−0.097%$614K$7.1M30xas long as short