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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%
Price spread now: ApeX Omni against Ondo Perps−0.070%7-day average −0.005% · 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 7 days−0.029%−$3 on $10k
Price spread, last 7 days+0.330%+$33 · spread now −0.070%, 7d avg −0.005%
Together, before fees+0.301%+ Points / potential airdropOndo Perps: Active · farm board+$30 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 0.064% cheaper against Ondo Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps BTC-USD.P85,4030.0100pay 0.0013% / 1h57m 11s$3.8M$17.4M25x
ShortApeX Omni BTCUSDT85,343.30.0100get 0.0013% / 1h57m 11s$138.1M$312.7M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Ondo 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
Price spread: −0.070% → −0.005%
−$6.44
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$21.44
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; ApeX Omni: live order book, 2 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 Ondo Perps no order-book sample
Sell ApeX Omni live order book, 2 min ago0.33 bp5.3 bp −$55.4 bp −$5411.8 bp −$1,17641.9 bp −$20.9K
Ondo 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
Hotstuff BTC-PERP−0.0080%1h85,396−0.008%$8K$2K50xas long as short
Phemex BTCUSDT−0.0052%8h85,416.7+0.016%$159.5M$517.0M150xas long as short
Phoenix BTC−0.0034%1h85,441+0.044%$2.3M$10.4M40xas long as short
BloFin BTC-USDT−0.0020%8h85,412.1+0.011%$425.2M$685.6M150xas long as short
Injective BTC/USDC PERP−0.0006%1h85,412+0.011%$307K$22.9M52xas long as short
01 Exchange BTCUSD0.0000%1h85,433.1+0.035%$344K$2.3M50xas long as short
KuCoin XBTUSDTM+0.0001%8h85,409.9+0.008%$929.7M$776.8M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,418.5+0.018%$36.5M200xas long as short
Aster BTCUSDT+0.0022%8h85,415.1+0.014%$503.0M$1.09B200xas long as short
dYdX BTC-USD+0.0027%1h85,413.1+0.012%$16.7M$21.0M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BTC-PERPETUAL+0.0041%1h85,440.9+0.044%$829.4M$1.67B50xas long as short
Kraken Futures PF_XBTUSD+0.0068%1h85,419.2+0.019%$186.4M$953.7M100xas long as short
BingX BTC-USDT+0.0069%8h85,415.8+0.015%$1.58Bas long as short
Lighter BTC+0.0096%1h85,430.9+0.033%$169.7M$935.8M50xas long as short
Lighter RH BTC+0.0096%1h85,428+0.029%$23.6M$133.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,430+0.032%$8.7M$58.1M100xas long as short
Aevo BTC-PERP+0.0096%1h85,413.9+0.013%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,400−0.004%$264K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,466.7+0.075%$5.7M$9.6M50xas long as short
Nado BTC-PERP+0.0100%1h85,397.4−0.007%$24.2M$220.0M50xas long as short
Pacifica BTC+0.0100%1h85,441+0.045%$40.2M$604.6M50xas long as short
Binance BTCUSDT+0.0100%8h85,400.2−0.003%$9.41B$25.20B150xas long as short
Bybit BTCUSDT+0.0100%8h85,416.6+0.016%$5.09B$10.02B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,419.4+0.019%$2.61B$12.25B100xas long as short
Ondo Perps BTC-USD.Plong+0.0100%1h85,403long leg$3.8M$17.4M25x
Arcus BTC-USD+0.0100%1h85,443.3+0.047%$4.6M$97.7M40xas long as short
Bulk BTC-USD+0.0100%1h85,382−0.025%$697.9M$180.4M40xas long as short
Gate BTC_USDT+0.0100%8h85,413.4+0.012%$5.45B$9.81B200xas long as short
MEXC BTC_USDT+0.0100%8h85,412.6+0.011%$5.01B$5.71B500xas long as short
Bitget BTCUSDT+0.0100%8h85,409.4+0.007%$2.97B$5.18B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,410.9+0.009%$37.5M$192.6M75xas long as short
Variational Omni BTC+0.0100%8h85,265.8−0.161%$155.3M$548.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,309.9−0.109%$282.9M$958.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,349.1−0.063%$214.2M$159.0M50xas long as short
ApeX Omni BTCUSDTshort+0.0100%1h85,343.3−0.070%$138.1M$312.7M100x
StandX BTC-USD+0.0100%1h85,270.7−0.155%$30.1M$216.2M40xas long as short
Vest BTC-PERP+0.0100%1h85,495.1+0.108%$9.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,327−0.089%$10.9M$14.9M50xas long as short
Bullet BTC-USD+0.0100%1h85,422+0.022%$200K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,419.3+0.019%$2.7M$9.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,463.2+0.070%$194K$796K40xas long as short
SunX BTC-USDT+0.0100%8h85,401.4−0.002%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,409+0.007%$59.8M$336.6M40xas long as short
HTX BTC-USDT+0.0100%8h85,412.9+0.012%$2.26B$975.2M200xas long as short
Extended BTC-USD+0.0104%1h85,387.2−0.019%$45.7M$241.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,396.6−0.007%$106.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,450+0.055%$111.7M$5.47B50xas long as short
Derive BTC-PERP+0.0133%1h85,433.6+0.036%$28.8M$46.9M15xas long as short
Reya BTCRUSDPERP+0.0146%1h85,407+0.005%$6.6M$140.7M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0149%1h85,419+0.019%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0175%8h85,445+0.049%$11.8M$739.8M6.4xas long as short
RISEx BTC/USDC+0.0194%1h85,437.5+0.040%$8.9M$42.9M25xas long as short
Hyperliquid BTC+0.0261%1h85,502+0.116%$3.79B$5.12B40xas long as short
Aftermath Perps BTCUSD+0.0283%1h85,342.7−0.071%$81K$249K20xas long as short
Hibachi BTC/USDT-P+0.0320%1h85,377.1−0.030%$683K$7.8M30xas long as short
Perpl BTC+0.0447%43m85,417.3+0.017%$471K$18.4M6.7xas long as short