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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%
Price spread now: edgeX against StandX−0.063%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$200.198% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.218%−$22 on $10k
Price spread, last 7 days+0.041%+$4 · spread now −0.063%, 7d avg −0.035%
Together, before fees−0.177%+ Points / potential airdropStandX: Active · edgeX: Active · farm board−$18 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: edgeX is 0.028% cheaper against StandX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,615.40.0100pay 0.0013% / 1h59m 12s$30.2M$208.8M40x
ShortedgeX BTCUSDC85,561.60.0100get 0.0050% / 4h3h 59m$279.5M$922.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$0
Price spread: −0.063% → −0.035%
−$2.82
Slippage, 4 orders
−$2.81
Fee StandX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$22.63
Costs to cover
0.198%
Break-even
never at this rate
Slippage from StandX: live order book, 5 min ago; edgeX: live order book, 5 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, 5 min ago0.64 bp5.7 bp −$66.1 bp −$618.0 bp −$8049.7 bp −$4,846
Sell edgeX live order book, 5 min ago0.02 bp4.5 bp −$54.5 bp −$454.7 bp −$4695.7 bp −$2,840

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−0.0179%1h85,565−0.059%$2.1M$10.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,643+0.032%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0036%8h85,628.5+0.015%$921.7M$752.6M125xas long as short
BloFin BTC-USDT−0.0020%8h85,665+0.058%$418.0M$675.1M150xas long as short
01 Exchange BTCUSD−0.0008%1h85,673.4+0.068%$367K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,668+0.061%$36.6M200xas long as short
dYdX BTC-USD+0.0010%1h85,680+0.075%$16.8M$21.3M50xas long as short
Aster BTCUSDT+0.0015%8h85,661.7+0.054%$516.3M$1.10B200xas long as short
Arcus BTC-USD+0.0021%1h85,654+0.045%$4.2M$98.3M40xas long as short
SoDEX BTC-USD+0.0042%1h85,649+0.039%$60.0M$336.1M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0044%1h85,690+0.087%$340K$26.9M52xas long as short
Phemex BTCUSDT+0.0062%8h85,652.3+0.043%$148.6M$489.2M150xas long as short
Nado BTC-PERP+0.0062%1h85,656.6+0.048%$25.1M$222.4M50xas long as short
BingX BTC-USDC+0.0063%8h85,632.8+0.020%$17.2Mas long as short
Bitget BTCUSDT+0.0079%8h85,649.7+0.040%$2.96B$5.10B150xas long as short
Reya BTCRUSDPERP+0.0088%1h85,658.2+0.050%$6.6M$146.9M40xas long as short
Lighter BTC+0.0096%1h85,660.4+0.053%$172.4M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,666.3+0.059%$23.9M$147.6M50xas long as short
Popdex BTCUSDT+0.0096%1h85,662+0.054%$8.7M$53.9M100xas long as short
Aevo BTC-PERP+0.0096%1h85,645.8+0.036%$2.5M$1.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,629+0.016%$203K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,731.7+0.136%$5.2M$9.1M50xas long as short
Hyperliquid BTC+0.0100%1h85,733+0.137%$3.79B$5.01B40xas long as short
Pacifica BTC+0.0100%1h85,695.7+0.094%$40.5M$582.0M50xas long as short
Binance BTCUSDT+0.0100%8h85,650.9+0.041%$9.38B$24.25B150xas long as short
Bybit BTCUSDT+0.0100%8h85,646.9+0.037%$5.20B$9.82B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,651+0.042%$2.59B$12.17B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,663+0.056%$3.8M$17.8M25xas long as short
Bulk BTC-USD+0.0100%1h85,487.5−0.149%$672.1M$698.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,649.5+0.040%$5.52B$10.69B200xas long as short
MEXC BTC_USDT+0.0100%8h85,645.7+0.035%$5.07B$5.62B500xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,630.7+0.018%$35.7M$177.5M75xas long as short
Variational Omni BTC+0.0100%8h85,565.9−0.058%$153.8M$564.4Mas long as short
edgeX BTCUSDCshort+0.0100%4h85,561.6−0.063%$279.5M$922.8M100x
GRVT BTC_USDT_Perp+0.0100%8h85,554.3−0.071%$214.7M$167.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,562.4−0.062%$139.9M$314.9M100xas long as short
StandX BTC-USDlong+0.0100%1h85,615.4long leg$30.2M$208.8M40x
Vest BTC-PERP+0.0100%1h85,706.7+0.107%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,661+0.053%$11.1M$14.3M50xas long as short
Bullet BTC-USD+0.0100%1h85,662+0.054%$195K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,650.5+0.041%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,698.2+0.097%$207K$739K40xas long as short
Derive BTC-PERP+0.0100%1h85,646.7+0.037%$30.0M$50.0M15xas long as short
SunX BTC-USDT+0.0100%8h85,625.1+0.011%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,642.3+0.031%$2.27B$946.6M200xas long as short
Extended BTC-USD+0.0104%1h85,621+0.007%$44.8M$231.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,642+0.031%$107.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,687.9+0.085%$117.2M$5.21B50xas long as short
Kraken Futures PF_XBTUSD+0.0135%1h85,672.5+0.067%$187.6M$955.1M100xas long as short
Deribit BTC-PERPETUAL+0.0146%1h85,697.5+0.096%$886.7M$1.58B50xas long as short
RISEx BTC/USDC+0.0174%1h85,687+0.084%$8.4M$42.6M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0178%1h85,672.8+0.067%$13.2M200xas long as short
Aftermath Perps BTCUSD+0.0211%1h85,582.8−0.038%$78K$220K20xas long as short
Kalshi KXBTCPERP+0.0220%8h85,696+0.094%$12.0M$757.3M6.4xas long as short
Hibachi BTC/USDT-P+0.0256%1h85,621.2+0.007%$702K$7.8M30xas long as short
Perpl BTC+0.0335%43m85,682.6+0.079%$506K$18.8M6.7xas long as short