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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: StandX against SunX−0.014%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.223% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 3 days (all we have)+0.055%+$6 · spread now −0.014%, 7d avg 0.000%
Together, before fees+0.077%+ Points / potential airdropStandX: Active · farm board+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT86,567.10.0100pay 0.0100% / 8h2m 48s$3.4M$5.3M100x
ShortStandX BTC-USD86,554.70.0100get 0.0013% / 1h2m 48s$30.7M$207.4M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$0
Price spread: −0.014% → 0.000%
−$1.39
Slippage, 4 orders
−$6.34
Fee SunX: 4 bp × 2 orders
−$8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$23.74
Costs to cover
0.223%
Break-even
never at this rate
Slippage from SunX: live order book, 6 min ago; StandX: live order book, 1 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, 6 min ago0.76 bp5.7 bp −$66.3 bp −$638.4 bp −$845doesn't fit
Sell StandX live order book, 1 min ago1.10 bp5.9 bp −$66.2 bp −$627.6 bp −$7599.4 bp −$4,716

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−0.0118%1h86,570+0.003%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,570+0.003%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,605+0.044%$333K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,586.3+0.022%$8.3M$42.7M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,585.4+0.021%$360K$2.4M50xas long as short
Perpl BTC0.0000%43m86,591.8+0.029%$412K$22.4M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0005%1h86,591.8+0.029%$36.9M200xas long as short
Aster BTCUSDT+0.0014%8h86,560.7−0.007%$502.1M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0025%8h86,565.2−0.002%$834.9M$728.5M125xas long as short
Reya BTCRUSDPERP+0.0038%1h86,581.9+0.017%$6.7M$145.6M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0044%8h86,540.9−0.030%$15.3Mas long as short
Phemex BTCUSDT+0.0054%8h86,564.6−0.003%$151.9M$478.8M150xas long as short
Bitget BTCUSDT+0.0057%8h86,557.3−0.011%$2.97B$5.12B150xas long as short
dYdX BTC-USD+0.0063%1h86,559.6−0.009%$17.0M$21.2M50xas long as short
Aevo BTC-PERP+0.0072%1h86,564.8−0.003%$2.5M$1.4M20xas long as short
MEXC BTC_USDT+0.0075%8h86,551.2−0.018%$5.16B$5.70B500xas long as short
Binance BTCUSDT+0.0076%8h86,551.1−0.018%$9.45B$24.54B150xas long as short
Gate BTC_USDT+0.0081%8h86,557.7−0.011%$5.85B$10.82B200xas long as short
Lighter BTC+0.0096%1h86,567.9+0.001%$170.0M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,571.6+0.005%$23.8M$153.3M50xas long as short
Popdex BTCUSDT+0.0096%1h86,574+0.008%$8.5M$52.3M100xas long as short
Bybit BTCUSDT+0.0099%8h86,555.7−0.013%$5.27B$9.79B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,556−0.013%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,618.6+0.059%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,577.3+0.012%$21.8M$233.9M50xas long as short
Hyperliquid BTC+0.0100%1h86,630+0.073%$3.80B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,589.3+0.026%$41.1M$538.1M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,568.5+0.002%$2.55B$12.74B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,584+0.020%$3.9M$18.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,609.1+0.049%$7.2M$96.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,557.9−0.011%$38.0M$155.8M75xas long as short
Variational Omni BTC+0.0100%8h86,474−0.108%$157.6M$567.5Mas long as short
edgeX BTCUSDC+0.0100%4h86,494.6−0.084%$279.4M$947.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,495.7−0.083%$217.1M$171.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,506.3−0.070%$141.8M$323.3M100xas long as short
StandX BTC-USDshort+0.0100%1h86,554.7−0.014%$30.7M$207.4M40x
Vest BTC-PERP+0.0100%1h86,619.2+0.060%$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,580+0.015%$11.1M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,580.1+0.015%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,569.1+0.002%$2.5M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,609.1+0.049%$141K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,604.4+0.043%$30.5M$62.6M15xas long as short
SunX BTC-USDTlong+0.0100%8h86,567.1long leg$3.4M$5.3M100x
SoDEX BTC-USD+0.0100%1h86,5670.000%$60.5M$338.0M40xas long as short
HTX BTC-USDT+0.0100%8h86,559−0.009%$2.30B$968.5M200xas long as short
Bulk BTC-USD+0.0100%1h86,452.9−0.132%$572.2M$12.3M40xas long as short
Extended BTC-USD+0.0104%1h86,533.7−0.039%$45.8M$225.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,591.8+0.029%$100.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,585.8+0.022%$193.6M$953.0M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,601.8+0.040%$132.2M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0161%1h86,537.6−0.034%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,594+0.031%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0195%8h86,572.2+0.006%$415.4M$659.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0201% / S −0.0225%1h86,580.4+0.015%$15.0M200xas long as short
Kalshi KXBTCPERP+0.0210%8h86,604+0.043%$10.3M$754.9M6.4xas long as short
Deribit BTC-PERPETUAL+0.0249%1h86,613.2+0.053%$912.9M$1.49B50xas long as short