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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%
Price spread now: HTX against Ondo Perps−0.011%7-day average −0.018% · 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−0.082%−$8 on $10k
Price spread, last 3 days (all we have)−0.053%−$5 · spread now −0.011%, 7d avg −0.018%
Together, before fees−0.135%+ Points / potential airdropOndo Perps: Active · farm board−$14 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps BTC-USD.P86,3870.0100pay 0.0013% / 1h27m 13s$3.9M$18.6M25x
ShortHTX BTC-USDT86,377.50.0100get 0.0100% / 8h1h 27m$2.29B$967.8M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: −0.011% → −0.018%
$0.74
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$16.26
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; HTX: 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 HTX live order book, 2 min ago0.01 bp6.0 bp −$66.0 bp −$606.7 bp −$6679.0 bp −$4,513
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
Bluefin BTC-PERP−0.0381%1h86,426.2+0.045%$140K$618K40xas long as short
Phoenix BTC−0.0159%1h86,388+0.001%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,377−0.012%$9K$3K50xas long as short
Aftermath Perps BTCUSD−0.0058%1h86,468+0.094%$82K$216K20xas long as short
Aster BTCUSDT−0.0012%8h86,391+0.005%$504.2M$1.15B200xas long as short
01 Exchange BTCUSD−0.0008%1h86,410.9+0.028%$358K$2.4M50xas long as short
KuCoin XBTUSDTM0.0000%8h86,404.7+0.020%$851.6M$710.9M125xas long as short
Perpl BTC0.0000%43m86,386.60.000%$423K$23.8M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,437.6+0.059%$921.3M$1.48B50xas long as short
dYdX BTC-USD+0.0001%1h86,369.9−0.020%$16.9M$21.1M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,426.7+0.046%$36.8M200xas long as short
RISEx BTC/USDC+0.0006%1h86,385.4−0.002%$8.5M$43.1M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,397.3+0.012%$6.7M$144.9M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559+0.199%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0032%8h86,407.3+0.023%$149.1M$476.1M150xas long as short
BingX BTC-USDT+0.0034%8h86,386.60.000%$1.59Bas long as short
Bitget BTCUSDT+0.0043%8h86,387.20.000%$2.95B$5.10B150xas long as short
MEXC BTC_USDT+0.0059%8h86,405.2+0.021%$5.12B$5.68B500xas long as short
Binance BTCUSDT+0.0061%8h86,404.4+0.020%$9.41B$24.38B150xas long as short
Hibachi BTC/USDT-P+0.0064%1h86,436+0.057%$716K$8.2M30xas long as short
Aevo BTC-PERP+0.0064%1h86,408+0.024%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0076%8h86,397+0.012%$5.85B$10.70B200xas long as short
Bybit BTCUSDT+0.0090%8h86,402+0.017%$5.25B$9.75B150xas long as short
Lighter BTC+0.0096%1h86,405.9+0.022%$170.7M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,418.8+0.037%$24.0M$152.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,400+0.015%$8.5M$52.3M100xas long as short
SoDEX BTC-USD+0.0099%1h86,402+0.017%$60.4M$337.2M40xas long as short
Katana Perps BTC-USD+0.0100%8h86,367−0.023%$203K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,422.9+0.042%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,379.8−0.008%$22.0M$234.3M50xas long as short
Hyperliquid BTC+0.0100%1h86,457+0.081%$3.80B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,411.9+0.029%$40.7M$513.3M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,387.30.000%$2.54B$12.71B100xas long as short
Ondo Perps BTC-USD.Plong+0.0100%1h86,387long leg$3.9M$18.6M25x
Arcus BTC-USD+0.0100%1h86,451.2+0.074%$7.4M$94.1M40xas long as short
Bulk BTC-USD+0.0100%1h86,343.9−0.050%$570.6M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,386.80.000%$37.9M$154.8M75xas long as short
Variational Omni BTC+0.0100%8h86,435.6+0.056%$155.8M$566.3Mas long as short
edgeX BTCUSDC+0.0100%4h86,370.9−0.019%$279.1M$946.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,399.5+0.015%$216.9M$174.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,399.7+0.015%$141.3M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,375.7−0.013%$30.7M$203.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,433.5+0.054%$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,400+0.015%$11.0M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,408.9+0.025%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,424+0.043%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,410.3+0.027%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,395.5+0.010%$3.4M$5.4M100xas long as short
HTX BTC-USDTshort+0.0100%8h86,377.5−0.011%$2.29B$967.8M200x
Extended BTC-USD+0.0104%1h86,399.3+0.014%$45.7M$226.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,396.6+0.011%$98.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,450.8+0.074%$132.2M$5.70B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,434.5+0.055%$191.4M$943.1M100xas long as short
BloFin BTC-USDT+0.0181%8h86,399.4+0.014%$414.5M$653.3M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0183% / S −0.0211%1h86,416.6+0.034%$15.3M200xas long as short
Kalshi KXBTCPERP+0.0195%8h86,413+0.030%$9.7M$731.2M6.4xas long as short