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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Aevo against SoDEX−0.012%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$320.317% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.012%, 7d avg −0.011%
Together, before fees+0.009%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BTC-USD86,2290.0100pay 0.0013% / 1h10m 58s$60.3M$257.7M40x
ShortAevo BTC-PERP86,218.80.0096get 0.0012% / 1h10m 58s$2.4M$6.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against SoDEX. 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
−$0.84
Price spread: −0.012% → −0.011%
−$0.11
Slippage, 4 orders
−$7.72
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$32.67
Costs to cover
0.317%
Break-even
never at this rate
Slippage from SoDEX: live order book, 3 min ago; Aevo: 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 SoDEX live order book, 3 min ago0.06 bp4.1 bp −$44.1 bp −$414.9 bp −$49139.4 bp −$19.7K
Sell Aevo live order book, 3 min ago3.68 bp11.9 bp −$1214.4 bp −$144doesn't fitdoesn't fit

BTC on 55 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−0.0399%1h86,271.5+0.049%$196K$673K40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,038−0.222%$8K$2K50xas long as short
BloFin BTC-USDT−0.0020%8h86,222−0.008%$421.8M$624.2M150xas long as short
01 Exchange BTCUSD−0.0008%1h86,191.5−0.043%$355K$2.1M50xas long as short
Injective BTC/USDC PERP−0.0006%1h86,180−0.057%$298K$27.5M52xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,238+0.010%$36.9M200xas long as short
KuCoin XBTUSDTM+0.0030%8h86,208.7−0.024%$941.1M$676.0M125xas long as short
dYdX BTC-USD+0.0040%1h86,185.3−0.051%$16.9M$18.6M50xas long as short
Aster BTCUSDT+0.0045%8h86,218−0.013%$504.0M$986.7M200xas long as short
BingX BTC-USDT+0.0066%8h86,203.3−0.030%$1.47Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XBTUSD+0.0068%1h86,257.9+0.033%$189.3M$870.7M100xas long as short
Phemex BTCUSDT+0.0073%8h86,233.7+0.005%$167.9M$499.6M150xas long as short
Phoenix BTC+0.0075%1h86,095−0.155%$2.3M$10.4M40xas long as short
Bybit BTCUSDT+0.0078%8h86,179.7−0.057%$5.10B$9.05B150xas long as short
Nado BTC-PERP+0.0093%1h86,182−0.055%$22.1M$209.6M50xas long as short
Lighter BTC+0.0096%1h86,236+0.008%$173.0M$965.0M50xas long as short
Lighter RH BTC+0.0096%1h86,250.2+0.025%$23.3M$137.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,193−0.042%$8.5M$52.2M100xas long as short
Aevo BTC-PERPshort+0.0096%1h86,218.8−0.012%$2.4M$6.7M20x
Katana Perps BTC-USD+0.0100%8h86,164−0.075%$219K$8.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,237.1+0.009%$6.0M$8.9M50xas long as short
Pacifica BTC+0.0100%1h86,226.7−0.003%$40.6M$591.1M50xas long as short
Binance BTCUSDT+0.0100%8h86,213−0.019%$9.46B$23.10B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,175−0.063%$2.61B$10.81B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,185−0.051%$3.9M$16.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,222.2−0.008%$4.6M$94.0M40xas long as short
Gate BTC_USDT+0.0100%8h86,218.3−0.012%$5.50B$10.20B200xas long as short
MEXC BTC_USDT+0.0100%8h86,212−0.020%$5.08B$5.88B500xas long as short
Bitget BTCUSDT+0.0100%8h86,206.4−0.026%$2.98B$4.57B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,243+0.016%$37.4M$187.5M75xas long as short
Variational Omni BTC+0.0100%8h86,046.3−0.212%$156.9M$515.9Mas long as short
edgeX BTCUSDC+0.0100%4h86,007−0.257%$289.3M$980.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,992.6−0.274%$216.0M$149.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,007.8−0.257%$137.0M$302.1M100xas long as short
StandX BTC-USD+0.0100%1h86,130−0.115%$30.4M$213.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,267+0.044%$10.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,223−0.007%$11.0M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,220−0.010%$210K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,224−0.006%$2.6M$9.4M100xas long as short
SunX BTC-USDT+0.0100%8h86,226−0.003%$3.2M$7.0M100xas long as short
SoDEX BTC-USDlong+0.0100%1h86,229long leg$60.3M$257.7M40x
HTX BTC-USDT+0.0100%8h86,229.9+0.001%$2.28B$910.3M200xas long as short
Bulk BTC-USD+0.0100%1h85,869.6−0.417%$707.4M$169.5M40xas long as short
Deribit BTC-PERPETUAL+0.0101%1h86,272.1+0.050%$830.3M$1.61B50xas long as short
Extended BTC-USD+0.0104%1h86,181.2−0.055%$46.3M$220.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,223.6−0.006%$94.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,286.9+0.067%$112.6M$5.32B50xas long as short
Hyperliquid BTC+0.0150%1h86,334+0.122%$3.87B$4.83B40xas long as short
Reya BTCRUSDPERP+0.0152%1h86,220.5−0.010%$6.7M$133.6M40xas long as short
Kalshi KXBTCPERP+0.0189%8h86,228−0.001%$11.2M$726.8M6.4xas long as short
RISEx BTC/USDC+0.0194%1h86,222.9−0.007%$9.0M$40.7M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0200% / S −0.0176%1h86,228.80.000%$13.0M200xas long as short
Hibachi BTC/USDT-P+0.0312%1h86,163.1−0.076%$693K$7.4M30xas long as short
Aftermath Perps BTCUSD+0.0371%1h86,035.2−0.225%$82K$254K20xas long as short
Perpl BTC+0.0447%43m86,146.4−0.096%$495K$16.7M6.7xas long as short