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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0148%/8h= −16.2% APRnext payment $0.19 per $10,000 · paid last 24h −0.044%
Price spread now: Jupiter Perps against StandX−0.015%7-day average +0.019% · you buy dearer than you sell
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 3 days (all we have)−0.146%−$15 on $10k
Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.015%, 7d avg +0.019%
Together, before fees−0.130%+ Points / potential airdropStandX: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Jupiter Perps is 0.033% cheaper against StandX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,254.70.0100pay 0.0013% / 1h38m 56s$30.0M$204.2M40x
ShortJupiter Perps WBTC-PERP85,242.2L +0.0104% / S +0.0048%pay 0.0006% / 1h38m 56s$107.1M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps 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
−$31.08
Price spread: −0.015% → +0.019%
−$3.34
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$54.42
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: StandX: live order book, 5 min ago; Jupiter Perps: no order-book sample. 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 StandX live order book, 5 min ago0.53 bp5.1 bp −$56.8 bp −$688.0 bp −$8059.3 bp −$4,639
Sell Jupiter Perps no order-book sample
Jupiter 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
Phoenix BTC−0.0082%1h85,287+0.038%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,251−0.004%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0047%8h85,236.7−0.021%$927.0M$773.7M125xas long as short
BloFin BTC-USDT−0.0027%8h85,238.9−0.019%$421.0M$682.0M150xas long as short
Aster BTCUSDT−0.0012%8h85,235−0.023%$512.2M$1.09B200xas long as short
dYdX BTC-USD0.0000%1h85,277+0.026%$16.7M$21.4M50xas long as short
01 Exchange BTCUSD0.0000%1h85,243.2−0.014%$353K$2.4M50xas long as short
Perpl BTC0.0000%43m85,241.6−0.015%$532K$18.3M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,249.1−0.007%$36.4M200xas long as short
Nado BTC-PERP+0.0046%1h85,219.2−0.042%$24.4M$222.6M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni BTCUSDT+0.0049%1h85,297.3+0.050%$139.5M$314.5M100xas long as short
Injective BTC/USDC PERP+0.0057%1h85,247−0.009%$338K$26.8M52xas long as short
BingX BTC-USDC+0.0070%8h85,223.4−0.037%$17.5Mas long as short
Bitget BTCUSDT+0.0088%8h85,240.4−0.017%$2.95B$5.18B150xas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,270.1+0.018%$186.0M$956.5M100xas long as short
MEXC BTC_USDT+0.0092%8h85,243.5−0.013%$5.01B$5.74B500xas long as short
Binance BTCUSDT+0.0093%8h85,242.1−0.015%$9.42B$24.97B150xas long as short
SoDEX BTC-USD+0.0096%1h85,250−0.006%$59.7M$336.9M40xas long as short
Lighter BTC+0.0096%1h85,267.2+0.015%$170.0M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,262.2+0.009%$23.5M$147.9M50xas long as short
Popdex BTCUSDT+0.0096%1h85,232−0.027%$8.4M$56.1M100xas long as short
Aevo BTC-PERP+0.0096%1h85,230.1−0.029%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,206−0.057%$236K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,288.2+0.039%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,316+0.072%$3.74B$5.08B40xas long as short
Pacifica BTC+0.0100%1h85,261.2+0.008%$40.2M$604.4M50xas long as short
Bybit BTCUSDT+0.0100%8h85,233.7−0.025%$5.14B$9.99B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,242.1−0.015%$2.59B$12.25B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,223−0.037%$3.8M$17.1M25xas long as short
Arcus BTC-USD+0.0100%1h85,230.9−0.028%$4.9M$99.3M40xas long as short
Bulk BTC-USD+0.0100%1h85,278.8+0.028%$682.9M$449.0M40xas long as short
Gate BTC_USDT+0.0100%8h85,245−0.011%$5.50B$10.99B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,240.1−0.017%$36.7M$178.2M75xas long as short
Variational Omni BTC+0.0100%8h85,253.8−0.001%$154.6M$558.4Mas long as short
edgeX BTCUSDC+0.0100%4h85,273.1+0.022%$279.4M$949.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,291+0.043%$214.2M$166.1M50xas long as short
StandX BTC-USDlong+0.0100%1h85,254.7long leg$30.0M$204.2M40x
Vest BTC-PERP+0.0100%1h85,298.4+0.051%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,237−0.021%$11.0M$14.5M50xas long as short
Bullet BTC-USD+0.0100%1h85,240−0.017%$200K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,238.1−0.019%$2.6M$9.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,281.7+0.032%$193K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,216.4−0.045%$29.9M$47.8M15xas long as short
SunX BTC-USDT+0.0100%8h85,222−0.038%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,250.8−0.005%$2.25B$970.3M200xas long as short
Phemex BTCUSDT+0.0100%8h85,272.4+0.021%$150.8M$509.0M150xas long as short
Deribit BTC-PERPETUAL+0.0102%1h85,290+0.041%$868.8M$1.64B50xas long as short
Extended BTC-USD+0.0104%1h85,222.4−0.038%$44.8M$240.8M50xas long as short
Jupiter Perps WBTC-PERPshortL +0.0104% / S +0.0048%1h85,242.2−0.015%$107.1M500x
Coinbase International BTC-PERP-INTX+0.0104%1h85,297+0.050%$117.2M$5.46B50xas long as short
Reya BTCRUSDPERP+0.0126%1h85,232.1−0.027%$6.6M$147.6M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0152%1h85,266.1+0.013%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0189%8h85,271+0.019%$11.7M$742.5M6.4xas long as short
RISEx BTC/USDC+0.0193%1h85,259.6+0.006%$8.7M$43.1M25xas long as short
Hibachi BTC/USDT-P+0.0240%1h85,279.9+0.029%$684K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0257%1h85,311.9+0.067%$79K$229K20xas long as short