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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: SoDEX against StandX−0.003%48s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$190.186% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.018%−$2 on $10k
Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.003%, 7d avg +0.006%
Together, before fees−0.080%+ Points / potential airdropStandX: Active · farm board−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,500.40.0100pay 0.0013% / 1h44m 17s$30.2M$207.5M40x
ShortSoDEX BTC-USD85,4980.0100get 0.0013% / 1h44m 17s$59.9M$336.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: −0.003% → +0.006%
−$0.83
Slippage, 4 orders
−$2.57
Fee StandX: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$19.4
Costs to cover
0.186%
Break-even
never at this rate
Slippage from StandX: live order book, 5 min ago; SoDEX: 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 ago1.23 bp5.2 bp −$55.6 bp −$567.4 bp −$7428.8 bp −$4,408
Sell SoDEX live order book, 5 min ago0.06 bp4.1 bp −$44.1 bp −$414.7 bp −$46839.6 bp −$19.8K

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−0.0679%1h85,601.7+0.119%$207K$738K40xas long as short
Phoenix BTC−0.0179%1h85,410−0.106%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,507+0.008%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,540.8+0.047%$366K$2.3M50xas long as short
BloFin BTC-USDT−0.0032%8h85,503.7+0.004%$417.0M$665.6M150xas long as short
KuCoin XBTUSDTM−0.0005%8h85,534.4+0.040%$919.7M$750.5M125xas long as short
dYdX BTC-USD0.0000%1h85,499.7−0.001%$16.7M$21.2M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,571.6+0.083%$36.5M200xas long as short
Aster BTCUSDT+0.0012%8h85,542.2+0.049%$515.5M$1.10B200xas long as short
Arcus BTC-USD+0.0021%1h85,532.9+0.038%$6.9M$97.2M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0054%1h85,492.1−0.010%$22.7M$219.2M50xas long as short
BingX BTC-USDT+0.0060%8h85,561.5+0.071%$1.54Bas long as short
Bitget BTCUSDT+0.0075%8h85,558.4+0.068%$2.96B$5.02B150xas long as short
Reya BTCRUSDPERP+0.0078%1h85,543.5+0.050%$6.7M$146.6M40xas long as short
MEXC BTC_USDT+0.0088%8h85,550+0.058%$5.05B$5.58B500xas long as short
Aevo BTC-PERP+0.0088%1h85,557.8+0.067%$2.5M$1.7M20xas long as short
Binance BTCUSDT+0.0089%8h85,558.6+0.068%$9.35B$24.02B150xas long as short
Lighter BTC+0.0096%1h85,543.7+0.051%$173.7M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h85,513.8+0.016%$23.8M$148.4M50xas long as short
Popdex BTCUSDT+0.0096%1h85,558+0.067%$8.4M$52.6M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,576.2+0.089%$4.1M$8.5M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,532+0.037%$229K$8.0M50xas long as short
Hyperliquid BTC+0.0100%1h85,635+0.157%$3.75B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,550.4+0.058%$40.1M$575.8M50xas long as short
Bybit BTCUSDT+0.0100%8h85,559.7+0.069%$5.26B$9.66B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,571.7+0.083%$2.58B$12.10B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,555+0.064%$3.9M$18.0M25xas long as short
Gate BTC_USDT+0.0100%8h85,562.7+0.073%$5.54B$10.59B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,490.2−0.012%$35.8M$176.0M75xas long as short
Variational Omni BTC+0.0100%8h85,466.8−0.039%$153.8M$563.2Mas long as short
edgeX BTCUSDC+0.0100%4h85,507.5+0.008%$279.3M$919.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,550.2+0.058%$214.8M$166.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,562.7+0.073%$139.9M$314.7M100xas long as short
StandX BTC-USDlong+0.0100%1h85,500.4long leg$30.2M$207.5M40x
Vest BTC-PERP+0.0100%1h85,589.8+0.105%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,545+0.052%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,560.9+0.071%$194K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,563.1+0.073%$2.3M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,556.6+0.066%$30.0M$50.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,490.8−0.011%$2.9M$6.1M100xas long as short
SoDEX BTC-USDshort+0.0100%1h85,498−0.003%$59.9M$336.1M40x
HTX BTC-USDT+0.0100%8h85,5000.000%$2.26B$940.0M200xas long as short
Phemex BTCUSDT+0.0100%8h85,503.8+0.004%$150.8M$483.2M150xas long as short
Bulk BTC-USD+0.0100%1h85,513.6+0.015%$649.6M$594.9M40xas long as short
Extended BTC-USD+0.0104%1h85,527.7+0.032%$44.5M$226.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,560.7+0.071%$106.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,527+0.031%$117.3M$5.16B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,472−0.033%$339K$26.9M52xas long as short
Deribit BTC-PERPETUAL+0.0164%1h85,540.4+0.047%$893.7M$1.53B50xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,523.4+0.027%$188.8M$953.3M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,566.6+0.077%$13.4M200xas long as short
Hibachi BTC/USDT-P+0.0192%1h85,542.3+0.049%$693K$7.8M30xas long as short
RISEx BTC/USDC+0.0194%1h85,579.9+0.093%$8.3M$42.4M25xas long as short
Aftermath Perps BTCUSD+0.0204%1h85,583.3+0.097%$78K$219K20xas long as short
Kalshi KXBTCPERP+0.0217%8h85,537+0.043%$10.4M$758.8M6.4xas long as short
Perpl BTC+0.0447%43m85,564.9+0.075%$498K$18.9M6.7xas long as short