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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Ondo Perps against StandX−0.039%7-day average +0.008% · 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 7 days+0.018%+$2 on $10k
Price spread, last 7 days−0.100%−$10 · spread now −0.039%, 7d avg +0.008%
Together, before fees−0.082%+ Points / potential airdropStandX: Active · Ondo Perps: Active · farm board−$8 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: Ondo Perps is 0.047% cheaper against StandX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD86,573.90.0100pay 0.0013% / 1h35m 00s$30.7M$203.4M40x
ShortOndo Perps BTC-USD.P86,5400.0100get 0.0013% / 1h35m 00s$3.9M$18.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo 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
$0
Price spread: −0.039% → +0.008%
−$4.71
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$17.71
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: StandX: live order book, 4 min ago; Ondo 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, 4 min ago0.46 bp4.9 bp −$56.4 bp −$648.1 bp −$80810.0 bp −$4,984
Sell Ondo Perps no order-book sample
Ondo 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
Bluefin BTC-PERP−0.0657%1h86,553.8−0.023%$140K$618K40xas long as short
Phoenix BTC−0.0159%1h86,627+0.061%$2.2M$11.8M40xas long as short
Aftermath Perps BTCUSD−0.0130%1h86,615.5+0.048%$83K$216K20xas long as short
Hotstuff BTC-PERP−0.0080%1h86,572−0.002%$9K$3K50xas long as short
dYdX BTC-USD−0.0010%1h86,530.8−0.050%$17.3M$20.5M50xas long as short
Aster BTCUSDT−0.0009%8h86,509.3−0.075%$504.8M$1.15B200xas long as short
01 Exchange BTCUSD−0.0008%1h86,545.9−0.032%$359K$2.4M50xas long as short
KuCoin XBTUSDTM0.0000%8h86,524.9−0.057%$851.3M$708.4M125xas long as short
Perpl BTC0.0000%43m86,558.2−0.018%$419K$23.9M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,565.4−0.010%$924.2M$1.47B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,557.8−0.019%$36.8M200xas long as short
RISEx BTC/USDC+0.0006%1h86,531−0.049%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,541−0.038%$6.7M$144.8M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559−0.017%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0030%8h86,533.7−0.046%$150.2M$475.4M150xas long as short
BingX BTC-USDC+0.0034%8h86,503.4−0.081%$15.3Mas long as short
Hibachi BTC/USDT-P+0.0040%1h86,622+0.056%$730K$8.2M30xas long as short
Bitget BTCUSDT+0.0043%8h86,500.8−0.084%$2.95B$5.08B150xas long as short
MEXC BTC_USDT+0.0060%8h86,529.1−0.052%$5.17B$5.65B500xas long as short
Binance BTCUSDT+0.0061%8h86,507.6−0.077%$9.41B$24.32B150xas long as short
Aevo BTC-PERP+0.0064%1h86,528.8−0.052%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0075%8h86,517.8−0.065%$5.85B$10.65B200xas long as short
Bybit BTCUSDT+0.0090%8h86,502.3−0.083%$5.27B$9.70B150xas long as short
Lighter BTC+0.0096%1h86,537.2−0.042%$171.6M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h86,548.8−0.029%$24.0M$151.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,530−0.051%$8.5M$52.1M100xas long as short
SoDEX BTC-USD+0.0098%1h86,530−0.051%$60.5M$337.1M40xas long as short
Katana Perps BTC-USD+0.0100%8h86,512−0.071%$202K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,559.2−0.017%$4.7M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,513.5−0.070%$21.8M$233.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,593+0.022%$3.81B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,546.8−0.031%$41.1M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,505.7−0.079%$2.54B$12.69B100xas long as short
Ondo Perps BTC-USD.Pshort+0.0100%1h86,540−0.039%$3.9M$18.6M25x
Arcus BTC-USD+0.0100%1h86,601.5+0.032%$7.4M$93.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.149%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,519.1−0.063%$38.4M$153.2M75xas long as short
Variational Omni BTC+0.0100%8h86,541.3−0.038%$156.5M$566.0Mas long as short
edgeX BTCUSDC+0.0100%4h86,594.3+0.024%$279.8M$944.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,592.5+0.022%$217.3M$173.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,642.9+0.080%$141.6M$323.1M100xas long as short
StandX BTC-USDlong+0.0100%1h86,573.9long leg$30.7M$203.4M40x
Vest BTC-PERP+0.0100%1h86,581+0.008%$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,544−0.034%$11.1M$13.6M50xas long as short
Bullet BTC-USD+0.0100%1h86,536−0.044%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,542.8−0.036%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,538.9−0.040%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,536.8−0.043%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,527.7−0.053%$2.30B$964.6M200xas long as short
Extended BTC-USD+0.0104%1h86,481.9−0.106%$46.4M$225.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,541.9−0.037%$98.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,571.3−0.003%$131.6M$5.71B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,562.4−0.013%$191.6M$937.1M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0181% / S −0.0208%1h86,552.2−0.025%$15.1M200xas long as short
BloFin BTC-USDT+0.0181%8h86,533.4−0.047%$414.3M$651.5M150xas long as short
Kalshi KXBTCPERP+0.0195%8h86,554−0.023%$9.6M$728.5M6.4xas long as short