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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRnext payment $0.03 per $10,000 · paid last 24h −0.007%
Price spread now: Aevo against StandX+0.012%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$330.331% of the position
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)−0.029%−$3 · spread now +0.012%, 7d avg −0.006%
Together, before fees−0.066%+ Points / potential airdropStandX: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD86,554.70.0100pay 0.0013% / 1h2m 44s$30.7M$207.4M40x
ShortAevo BTC-PERP86,564.80.0072get 0.0009% / 1h2m 44s$2.5M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against StandX. 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
−$5.88
Price spread: +0.012% → −0.006%
$1.82
Slippage, 4 orders
−$9.12
Fee StandX: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$37.18
Costs to cover
0.331%
Break-even
never at this rate
Slippage from StandX: live order book, 1 min ago; Aevo: live order book, 1 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 StandX live order book, 1 min ago1.10 bp5.6 bp −$66.9 bp −$698.5 bp −$8499.8 bp −$4,907
Sell Aevo live order book, 1 min ago1.48 bp12.0 bp −$1212.7 bp −$127doesn't fitdoesn't fit

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
Phoenix BTC−0.0118%1h86,570+0.018%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,570+0.018%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,605+0.058%$333K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,586.3+0.036%$8.3M$42.7M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,585.4+0.035%$360K$2.4M50xas long as short
Perpl BTC0.0000%43m86,591.8+0.043%$412K$22.4M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,591.8+0.043%$36.9M200xas long as short
Aster BTCUSDT+0.0014%8h86,560.7+0.007%$502.1M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0025%8h86,565.2+0.012%$834.9M$728.5M125xas long as short
Reya BTCRUSDPERP+0.0038%1h86,581.9+0.031%$6.7M$145.6M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0044%8h86,540.9−0.016%$15.3Mas long as short
Phemex BTCUSDT+0.0054%8h86,564.6+0.011%$151.9M$478.8M150xas long as short
Bitget BTCUSDT+0.0057%8h86,557.3+0.003%$2.97B$5.12B150xas long as short
dYdX BTC-USD+0.0063%1h86,559.6+0.006%$17.0M$21.2M50xas long as short
Aevo BTC-PERPshort+0.0072%1h86,564.8+0.012%$2.5M$1.4M20x
MEXC BTC_USDT+0.0075%8h86,551.2−0.004%$5.16B$5.70B500xas long as short
Binance BTCUSDT+0.0076%8h86,551.1−0.004%$9.45B$24.54B150xas long as short
Gate BTC_USDT+0.0081%8h86,557.7+0.003%$5.85B$10.82B200xas long as short
Lighter BTC+0.0096%1h86,567.9+0.015%$170.0M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,571.6+0.020%$23.8M$153.3M50xas long as short
Popdex BTCUSDT+0.0096%1h86,574+0.022%$8.5M$52.3M100xas long as short
Bybit BTCUSDT+0.0099%8h86,555.7+0.001%$5.27B$9.79B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,556+0.001%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,618.6+0.074%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,577.3+0.026%$21.8M$233.9M50xas long as short
Hyperliquid BTC+0.0100%1h86,630+0.087%$3.80B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,589.3+0.040%$41.1M$538.1M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,568.5+0.016%$2.55B$12.74B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,584+0.034%$3.9M$18.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,609.1+0.063%$7.2M$96.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,557.9+0.004%$38.0M$155.8M75xas long as short
Variational Omni BTC+0.0100%8h86,474−0.093%$157.6M$567.5Mas long as short
edgeX BTCUSDC+0.0100%4h86,494.6−0.069%$279.4M$947.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,495.7−0.068%$217.1M$171.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,506.3−0.056%$141.8M$323.3M100xas long as short
StandX BTC-USDlong+0.0100%1h86,554.7long leg$30.7M$207.4M40x
Vest BTC-PERP+0.0100%1h86,619.2+0.074%$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,580+0.029%$11.1M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,580.1+0.029%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,569.1+0.017%$2.5M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,609.1+0.063%$141K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,604.4+0.057%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,567.1+0.014%$3.4M$5.3M100xas long as short
SoDEX BTC-USD+0.0100%1h86,567+0.014%$60.5M$338.0M40xas long as short
HTX BTC-USDT+0.0100%8h86,559+0.005%$2.30B$968.5M200xas long as short
Bulk BTC-USD+0.0100%1h86,452.9−0.118%$572.2M$12.3M40xas long as short
Extended BTC-USD+0.0104%1h86,533.7−0.024%$45.8M$225.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,591.8+0.043%$100.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,585.8+0.036%$193.6M$953.0M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,601.8+0.054%$132.2M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0161%1h86,537.6−0.020%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,594+0.045%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0195%8h86,572.2+0.020%$415.4M$659.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0201% / S −0.0225%1h86,580.4+0.030%$15.0M200xas long as short
Kalshi KXBTCPERP+0.0210%8h86,604+0.057%$10.3M$754.9M6.4xas long as short
Deribit BTC-PERPETUAL+0.0249%1h86,613.2+0.068%$912.9M$1.49B50xas long as short