Funding arb · Price arb /

BTC

all BTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: ApeX Omni against StandX+0.002%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on StandX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.002%, 7d avg +0.013%

Together, before fees−0.014%+ Points / potential airdropStandX: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BTC-USD	86,625.2	0.0100	pay 0.0013% / 1h	26m 47s	$30.8M	$205.2M	40x
Short	ApeX Omni BTCUSDT	86,626.6	0.0100	get 0.0013% / 1h	26m 47s	$141.4M	$322.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Position, each leg$Hold fordaysFee StandXbpFee ApeX OmnibpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → +0.013%: −$1.09
Slippage, 4 orders: −$3.6
Fee StandX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$22.7
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; ApeX Omni: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy StandX live order book, 2 min ago	0.81 bp	6.3 bp −$6	8.2 bp −$82	9.1 bp −$915	10.1 bp −$5,045
Sell ApeX Omni live order book, 2 min ago	0.24 bp	5.2 bp −$5	5.2 bp −$52	11.2 bp −$1,125	42.1 bp −$21.0K

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps BTCUSD	−0.0234%	1h	86,639.4	+0.016%	$85K	$188K	20x	as long as short
Perpl BTC	−0.0223%	43m	86,688.7	+0.073%	$427K	$24.8M	6.7x	as long as short
Phoenix BTC	−0.0103%	1h	86,583	−0.049%	$2.2M	$12.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,653	+0.032%	$9K	$3K	50x	as long as short
dYdX BTC-USD	−0.0077%	1h	86,673.4	+0.056%	$17.6M	$20.5M	50x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,692.5	+0.078%	$364K	$2.4M	50x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,715.7	+0.104%	$935.3M	$1.44B	50x	as long as short
KuCoin XBTUSDTM	+0.0002%	8h	86,672.4	+0.054%	$844.5M	$704.6M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,702.4	+0.089%	$36.9M	—	200x	as long as short
Aster BTCUSDT	+0.0008%	8h	86,684	+0.068%	$506.3M	$1.16B	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0021%	1h	86,677.7	+0.061%	$6.7M	$144.4M	40x	as long as short
Phemex BTCUSDT	+0.0023%	8h	86,679.3	+0.062%	$150.0M	$471.5M	150x	as long as short
BingX BTC-USDC	+0.0023%	8h	86,693.2	+0.078%	—	$15.3M	—	as long as short
Bitget BTCUSDT	+0.0032%	8h	86,696.4	+0.082%	$2.95B	$5.07B	150x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,639	+0.016%	$315K	$26.8M	52x	as long as short
MEXC BTC_USDT	+0.0054%	8h	86,684.9	+0.069%	$5.18B	$5.68B	500x	as long as short
Binance BTCUSDT	+0.0055%	8h	86,698.7	+0.085%	$9.45B	$24.31B	150x	as long as short
Aevo BTC-PERP	+0.0056%	1h	86,679.2	+0.062%	$2.4M	$1.3M	20x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,676.1	+0.059%	$9.2M	$42.0M	25x	as long as short
Gate BTC_USDT	+0.0077%	8h	86,699.8	+0.086%	$5.86B	$10.64B	200x	as long as short
OKX BTC-USDT-SWAP	+0.0077%	8h	86,712.6	+0.101%	$2.56B	$12.72B	100x	as long as short
Bybit BTCUSDT	+0.0083%	8h	86,698.7	+0.085%	$5.27B	$9.67B	150x	as long as short
Variational Omni BTC	+0.0095%	8h	86,614.5	−0.012%	$160.3M	$564.8M	—	as long as short
Lighter BTC	+0.0096%	1h	86,697.7	+0.084%	$171.9M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,699	+0.085%	$24.0M	$153.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,668	+0.049%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,662	+0.042%	$194K	$6.8M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,714.5	+0.103%	$4.8M	$8.2M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,668.7	+0.050%	$21.8M	$235.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,770.3	+0.167%	$3.82B	$5.13B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,697.6	+0.084%	$40.9M	$492.6M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,664	+0.045%	$3.9M	$18.5M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,738.9	+0.131%	$7.4M	$93.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,577.9	−0.055%	$571.8M	$22.4M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,681.7	+0.065%	$38.2M	$148.4M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,587	−0.044%	$279.7M	$950.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,622.1	−0.004%	$217.5M	$187.8M	50x	as long as short
ApeX Omni BTCUSDTshort	+0.0100%	1h	86,626.6	+0.002%	$141.4M	$322.8M	100x
StandX BTC-USDlong	+0.0100%	1h	86,625.2	long leg	$30.8M	$205.2M	40x
Vest BTC-PERP	+0.0100%	1h	86,724.6	+0.115%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,680	+0.063%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,682.2	+0.066%	$196K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,694.9	+0.080%	$2.5M	$8.5M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,708.4	+0.096%	$141K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,687.8	+0.072%	$30.0M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,666	+0.047%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,682	+0.066%	$60.5M	$336.4M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,680	+0.063%	$2.30B	$957.3M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,676.6	+0.059%	$46.4M	$228.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,698.1	+0.084%	—	$98.4M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0116%	1h	86,714.9	+0.104%	$188.4M	$932.0M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,723	+0.113%	$132.0M	$5.86B	50x	as long as short
Kalshi KXBTCPERP	+0.0126%	8h	86,695	+0.081%	$9.0M	$723.7M	6.4x	as long as short
BloFin BTC-USDT	+0.0175%	8h	86,679.4	+0.063%	$417.3M	$653.6M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0179% / S −0.0189%	1h	86,691.8	+0.077%	$15.1M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	86,666.7	+0.048%	$614K	$7.1M	30x	as long as short