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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h 0.000%
Price spread now: Ondo Perps against SunX+0.028%7-day average +0.012% · you sell dearer than you buy
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+0.044%+$4 on $10k
Price spread, last 3 days (all we have)0.000%$0 · spread now +0.028%, 7d avg +0.012%
Together, before fees+0.044%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT85,590.90.0075pay 0.0075% / 8h6h 06m$2.9M$6.6M100x
ShortOndo Perps BTC-USD.P85,6150.0100get 0.0013% / 1h6m 06s$3.9M$18.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$5.18
Price spread: +0.028% → +0.012%
$1.59
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$6.23
Costs to cover
0.130%
Break-even
15.4 days
Slippage unknown: SunX: live order book, 13 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 SunX live order book, 13 min ago0.15 bp5.7 bp −$68.1 bp −$8110.1 bp −$1,01312.8 bp −$6,387
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 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%1h85,535−0.065%$2.1M$10.5M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,643+0.061%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0064%1h85,613.2+0.026%$361K$2.3M50xas long as short
dYdX BTC-USD+0.0002%1h85,646.2+0.065%$16.8M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,629.5+0.045%$36.7M200xas long as short
Injective BTC/USDC PERP+0.0020%1h85,682+0.106%$340K$26.9M52xas long as short
Aster BTCUSDT+0.0023%8h85,586.2−0.005%$515.8M$1.12B200xas long as short
KuCoin XBTUSDTM+0.0025%8h85,590.4−0.001%$900.8M$749.3M125xas long as short
Nado BTC-PERP+0.0034%1h85,625.5+0.040%$22.7M$225.9M50xas long as short
RISEx BTC/USDC+0.0044%1h85,644.4+0.063%$8.3M$42.1M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BTC-USDT+0.0051%8h85,622+0.036%$2.27B$937.4M200xas long as short
BingX BTC-USDT+0.0056%8h85,586.3−0.005%$1.56Bas long as short
Reya BTCRUSDPERP+0.0061%1h85,598.3+0.009%$6.7M$146.4M40xas long as short
Bitget BTCUSDT+0.0069%8h85,586.3−0.005%$2.95B$5.04B150xas long as short
SunX BTC-USDTlong+0.0075%8h85,590.9long leg$2.9M$6.6M100x
Aevo BTC-PERP+0.0080%1h85,622.9+0.037%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0084%8h85,608.5+0.021%$5.08B$5.76B500xas long as short
Binance BTCUSDT+0.0086%8h85,582.3−0.010%$9.32B$24.05B150xas long as short
Lighter BTC+0.0096%1h85,610.7+0.023%$170.4M$996.0M50xas long as short
Lighter RH BTC+0.0096%1h85,615+0.028%$23.8M$148.2M50xas long as short
Popdex BTCUSDT+0.0096%1h85,616+0.029%$8.4M$51.8M100xas long as short
Paradex BTC-USD-PERP+0.0099%8h85,648.3+0.067%$3.8M$8.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,550.6−0.047%$139.9M$317.8M100xas long as short
Katana Perps BTC-USD+0.0100%8h85,586−0.006%$206K$7.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,648+0.067%$3.76B$4.91B40xas long as short
Pacifica BTC+0.0100%1h85,643.9+0.062%$40.2M$569.5M50xas long as short
Bybit BTCUSDT+0.0100%8h85,588.6−0.003%$5.32B$9.75B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,581.9−0.011%$2.55B$12.21B100xas long as short
Ondo Perps BTC-USD.Pshort+0.0100%1h85,615+0.028%$3.9M$18.0M25x
Arcus BTC-USD+0.0100%1h85,585.5−0.006%$7.2M$96.4M40xas long as short
Gate BTC_USDT+0.0100%8h85,598.7+0.009%$5.58B$10.60B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,588.3−0.003%$35.1M$166.8M75xas long as short
Variational Omni BTC+0.0100%8h85,602.8+0.014%$154.0M$555.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,535.8−0.064%$278.1M$937.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,544.9−0.054%$214.7M$162.9M50xas long as short
StandX BTC-USD+0.0100%1h85,515.3−0.088%$30.2M$209.6M40xas long as short
Vest BTC-PERP+0.0100%1h85,663.7+0.085%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,604+0.015%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,622.5+0.037%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,622.9+0.037%$2.4M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,670.7+0.093%$196K$721K40xas long as short
Derive BTC-PERP+0.0100%1h85,622.4+0.037%$30.0M$56.1M15xas long as short
SoDEX BTC-USD+0.0100%1h85,609+0.021%$59.9M$336.6M40xas long as short
Phemex BTCUSDT+0.0100%8h85,604.7+0.016%$151.0M$480.6M150xas long as short
Bulk BTC-USD+0.0100%1h85,673.6+0.097%$597.8M$234.3M40xas long as short
Extended BTC-USD+0.0104%1h85,596.5+0.007%$44.1M$228.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,628.7+0.044%$102.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,646.9+0.065%$130.7M$5.11B50xas long as short
Kraken Futures PF_XBTUSD+0.0146%1h85,629.7+0.045%$187.4M$957.9M100xas long as short
Hibachi BTC/USDT-P+0.0168%1h85,592+0.001%$682K$7.8M30xas long as short
Aftermath Perps BTCUSD+0.0177%1h85,647.4+0.066%$78K$219K20xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0186%1h85,627.4+0.043%$13.5M200xas long as short
Kalshi KXBTCPERP+0.0212%8h85,645+0.063%$10.2M$765.5M6.4xas long as short
Deribit BTC-PERPETUAL+0.0248%1h85,664.3+0.086%$895.0M$1.53B50xas long as short
Perpl BTC+0.0447%43m85,646.9+0.065%$510K$20.1M6.7xas long as short