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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment $0.11 per $10,000 · paid last 24h −0.021%
Price spread now: BingX against SunX+0.006%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.199% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT85,516.10.0067pay 0.0067% / 8h6h 08m$2.9M$6.6M100x
ShortBingX BTC-USDT85,521.60.0056get 0.0056% / 8h6h 08m$1.56B

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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
−$2.39
Price spread: +0.006% → 0.000%
$0.64
Slippage, 4 orders
−$1.87
Fee SunX: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$21.62
Costs to cover
0.199%
Break-even
never at this rate
Slippage from SunX: live order book, 10 min ago; BingX: live order book, 16 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 SunX live order book, 10 min ago0.15 bp5.7 bp −$68.1 bp −$8110.1 bp −$1,01312.8 bp −$6,387
Sell BingX live order book, 16 min ago0.01 bp5.0 bp −$55.0 bp −$505.1 bp −$5135.8 bp −$2,877

BTC on 55 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−0.0144%1h85,649+0.155%$2.1M$10.5M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,544+0.033%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0064%1h85,545+0.034%$361K$2.3M50xas long as short
dYdX BTC-USD+0.0002%1h85,556.6+0.047%$16.7M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,556.9+0.048%$36.6M200xas long as short
Injective BTC/USDC PERP+0.0020%1h85,682+0.194%$340K$26.9M52xas long as short
Aster BTCUSDT+0.0024%8h85,511.2−0.006%$515.3M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0026%8h85,508.4−0.009%$899.9M$753.5M125xas long as short
Nado BTC-PERP+0.0036%1h85,521.8+0.007%$22.7M$227.0M50xas long as short
HTX BTC-USDT+0.0042%8h85,534.6+0.022%$2.27B$942.5M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0044%1h85,549.2+0.039%$8.2M$42.0M25xas long as short
BingX BTC-USDTshort+0.0056%8h85,521.6+0.006%$1.56B
Reya BTCRUSDPERP+0.0061%1h85,549+0.039%$6.7M$146.3M40xas long as short
SunX BTC-USDTlong+0.0067%8h85,516.1long leg$2.9M$6.6M100x
Bitget BTCUSDT+0.0070%8h85,549.9+0.040%$2.94B$5.05B150xas long as short
Aevo BTC-PERP+0.0080%1h85,538+0.026%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0085%8h85,516.10.000%$5.07B$5.76B500xas long as short
Binance BTCUSDT+0.0085%8h85,531.8+0.018%$9.31B$24.20B150xas long as short
Lighter BTC+0.0096%1h85,527.7+0.014%$170.2M$995.4M50xas long as short
Lighter RH BTC+0.0096%1h85,535.7+0.023%$23.5M$148.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,526+0.012%$8.4M$51.9M100xas long as short
Paradex BTC-USD-PERP+0.0099%8h85,561.4+0.053%$3.8M$8.4M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,497−0.022%$202K$7.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,591+0.088%$3.76B$4.91B40xas long as short
Pacifica BTC+0.0100%1h85,555.1+0.046%$40.2M$569.5M50xas long as short
Bybit BTCUSDT+0.0100%8h85,533.5+0.020%$5.31B$9.74B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,532.6+0.019%$2.55B$12.22B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,511−0.006%$3.9M$18.2M25xas long as short
Arcus BTC-USD+0.0100%1h85,491.4−0.029%$7.2M$96.6M40xas long as short
Gate BTC_USDT+0.0100%8h85,522.4+0.007%$5.58B$10.59B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,524.1+0.009%$35.2M$166.6M75xas long as short
Variational Omni BTC+0.0100%8h85,606.4+0.106%$156.1M$555.6Mas long as short
edgeX BTCUSDC+0.0100%4h85,617.7+0.119%$278.5M$936.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,617.3+0.118%$214.8M$163.0M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,622.2+0.124%$140.0M$318.0M100xas long as short
StandX BTC-USD+0.0100%1h85,615.6+0.116%$30.3M$209.5M40xas long as short
Vest BTC-PERP+0.0100%1h85,598.7+0.097%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,542+0.030%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,531+0.017%$188K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,543.3+0.032%$2.4M$9.1M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,572.4+0.066%$187K$714K40xas long as short
Derive BTC-PERP+0.0100%1h85,544.1+0.033%$29.9M$55.9M15xas long as short
SoDEX BTC-USD+0.0100%1h85,541+0.029%$59.9M$336.7M40xas long as short
Phemex BTCUSDT+0.0100%8h85,535.4+0.023%$151.5M$481.0M150xas long as short
Bulk BTC-USD+0.0100%1h85,673.6+0.184%$597.8M$234.3M40xas long as short
Extended BTC-USD+0.0104%1h85,489.6−0.031%$44.0M$227.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,562.8+0.055%$102.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,571+0.064%$131.2M$5.12B50xas long as short
Kraken Futures PF_XBTUSD+0.0146%1h85,561.9+0.054%$187.5M$962.8M100xas long as short
Hibachi BTC/USDT-P+0.0168%1h85,604.7+0.104%$678K$7.8M30xas long as short
Deribit BTC-PERPETUAL+0.0173%1h85,588.2+0.084%$894.9M$1.54B50xas long as short
Aftermath Perps BTCUSD+0.0174%1h85,647.8+0.154%$78K$219K20xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0186%1h85,553.4+0.044%$13.5M200xas long as short
Kalshi KXBTCPERP+0.0211%8h85,578+0.072%$10.3M$770.4M6.4xas long as short
Perpl BTC+0.0447%43m85,577.4+0.072%$512K$20.1M6.7xas long as short