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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against Ondo Perps+0.015%7-day average −0.013% · you sell dearer than you buy
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−0.037%−$4 on $10k
Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.015%, 7d avg −0.013%
Together, before fees−0.154%+ Points / potential airdropOndo Perps: Active · farm board−$15 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: SunX is 0.028% dearer against Ondo Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps BTC-USD.P86,6000.0100pay 0.0013% / 1h29m 33s$3.9M$18.5M25x
ShortSunX BTC-USDT86,612.90.0100get 0.0100% / 8h2h 29m$3.4M$5.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.015% → −0.013%
$2.84
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$10.16
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago0.74 bp5.5 bp −$67.4 bp −$749.3 bp −$93012.2 bp −$6,097
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
Aftermath Perps BTCUSD−0.0234%1h86,607.4+0.009%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,633.4+0.039%$428K$24.9M6.7xas long as short
Phoenix BTC−0.0103%1h86,590−0.012%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,612+0.014%$9K$3K50xas long as short
dYdX BTC-USD−0.0079%1h86,626.4+0.030%$17.6M$20.5M50xas long as short
01 Exchange BTCUSD0.0000%1h86,623+0.027%$362K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,621.9+0.025%$935.1M$1.44B50xas long as short
KuCoin XBTUSDTM+0.0003%8h86,592.7−0.008%$843.7M$704.8M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,628.7+0.033%$37.0M200xas long as short
Aster BTCUSDT+0.0007%8h86,582.7−0.020%$505.7M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,593.9−0.007%$6.7M$144.4M40xas long as short
BingX BTC-USDC+0.0023%8h86,591.8−0.009%$15.3Mas long as short
Phemex BTCUSDT+0.0026%8h86,590.2−0.011%$149.7M$471.4M150xas long as short
Bitget BTCUSDT+0.0031%8h86,599.90.000%$2.95B$5.07B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639+0.045%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0053%8h86,596.5−0.004%$5.19B$5.67B500xas long as short
Binance BTCUSDT+0.0054%8h86,596.5−0.004%$9.44B$24.31B150xas long as short
Aevo BTC-PERP+0.0056%1h86,595.7−0.005%$2.4M$1.3M20xas long as short
RISEx BTC/USDC+0.0063%1h86,604.4+0.005%$9.2M$42.0M25xas long as short
OKX BTC-USDT-SWAP+0.0075%8h86,610.3+0.012%$2.56B$12.70B100xas long as short
Gate BTC_USDT+0.0076%8h86,599.90.000%$5.86B$10.64B200xas long as short
Bybit BTCUSDT+0.0082%8h86,593.8−0.007%$5.27B$9.67B150xas long as short
Variational Omni BTC+0.0095%8h86,614.5+0.017%$160.3M$564.8Mas long as short
Lighter BTC+0.0096%1h86,610.7+0.012%$172.0M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,615.2+0.018%$24.0M$153.5M50xas long as short
Popdex BTCUSDT+0.0096%1h86,597−0.003%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,584−0.018%$193K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,647.3+0.055%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,596.6−0.004%$21.7M$235.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,673+0.084%$3.82B$5.13B40xas long as short
Pacifica BTC+0.0100%1h86,629.4+0.034%$40.9M$492.6M50xas long as short
Ondo Perps BTC-USD.Plong+0.0100%1h86,600long leg$3.9M$18.5M25x
Arcus BTC-USD+0.0100%1h86,667.3+0.078%$7.5M$93.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,577.9−0.026%$571.8M$22.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,594.1−0.007%$38.1M$148.4M75xas long as short
edgeX BTCUSDC+0.0100%4h86,587−0.015%$279.7M$950.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,622.1+0.026%$217.5M$187.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,626.6+0.031%$141.4M$322.8M100xas long as short
StandX BTC-USD+0.0100%1h86,606.5+0.008%$30.8M$205.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,656.4+0.065%$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,597−0.003%$11.1M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,605+0.006%$194K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,610+0.012%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,625.8+0.030%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,600.10.000%$30.0M$61.6M15xas long as short
SunX BTC-USDTshort+0.0100%8h86,612.9+0.015%$3.4M$5.5M100x
SoDEX BTC-USD+0.0100%1h86,591−0.010%$60.5M$336.4M40xas long as short
HTX BTC-USDT+0.0100%8h86,598.6−0.002%$2.30B$957.1M200xas long as short
Extended BTC-USD+0.0104%1h86,585.3−0.017%$46.4M$227.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,638.6+0.045%$98.4M500xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,619.4+0.022%$188.7M$930.9M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,634.6+0.040%$132.0M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0124%8h86,640+0.046%$8.9M$723.8M6.4xas long as short
BloFin BTC-USDT+0.0173%8h86,599.60.000%$416.9M$652.8M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0178% / S −0.0185%1h86,620.6+0.024%$14.9M200xas long as short
Hibachi BTC/USDT-P+0.0224%1h86,641.4+0.048%$614K$7.1M30xas long as short