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−0.0006%/8h= −0.7% APRnext payment $0.06 per $10,000 · paid last 24h −0.018%
Price spread now: Bitget against Variational Omni−0.005%7-day average +0.007% · 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 4 days (all we have)−0.032%−$3 on $10k
Price spread, last 7 days+0.027%+$3 · spread now −0.005%, 7d avg +0.007%
Together, before fees−0.005%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BTC85,162.50.0100pay 0.0100% / 8h24m 19s$155.8M$550.5M
ShortBitget BTCUSDT85,1580.0094get 0.0094% / 8h24m 19s$2.97B$5.19B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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
−$1.26
Price spread: −0.005% → +0.007%
−$1.27
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$14.53
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Bitget: live order book, 5 min ago. 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 Variational Omni RFQ quote, 5 min ago0.50 bpdoesn't fit0.5 bp −$51.9 bp −$193doesn't fit
Sell Bitget live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.3 bp −$632doesn't fit

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
Hotstuff BTC-PERP−0.0080%1h85,209+0.055%$8K$3K50xas long as short
Phoenix BTC−0.0034%1h85,296+0.157%$2.3M$10.8M40xas long as short
BloFin BTC-USDT−0.0021%8h85,180.8+0.021%$421.6M$683.9M150xas long as short
KuCoin XBTUSDTM−0.0019%8h85,142.6−0.023%$926.8M$777.5M125xas long as short
Aster BTCUSDT−0.0003%8h85,149−0.016%$508.9M$1.08B200xas long as short
01 Exchange BTCUSD0.0000%1h85,165.7+0.004%$342K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,188.3+0.030%$36.4M200xas long as short
dYdX BTC-USD+0.0006%1h85,179.3+0.020%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0026%1h85,169+0.008%$185.6M$955.2M100xas long as short
ApeX Omni BTCUSDT+0.0040%1h85,299.6+0.161%$139.7M$312.6M100xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0064%8h85,123.9−0.045%$17.4Mas long as short
Injective BTC/USDC PERP+0.0067%1h85,248+0.100%$302K$25.3M52xas long as short
Bybit BTCUSDT+0.0080%8h85,147.3−0.018%$5.11B$10.02B150xas long as short
Nado BTC-PERP+0.0083%1h85,159.9−0.003%$24.0M$220.7M50xas long as short
Bitget BTCUSDTshort+0.0094%8h85,158−0.005%$2.97B$5.19B150x
Lighter BTC+0.0096%1h85,171.4+0.010%$168.4M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,165.9+0.004%$23.5M$148.6M50xas long as short
Popdex BTCUSDT+0.0096%1h85,158−0.005%$8.4M$57.6M100xas long as short
Aevo BTC-PERP+0.0096%1h85,148.8−0.016%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0099%8h85,153.9−0.010%$5.03B$5.76B500xas long as short
Binance BTCUSDT+0.0099%8h85,153.8−0.010%$9.37B$25.13B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,131−0.037%$269K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,208.9+0.054%$5.8M$9.5M50xas long as short
Hyperliquid BTC+0.0100%1h85,231+0.080%$3.74B$5.08B40xas long as short
Pacifica BTC+0.0100%1h85,187+0.029%$40.3M$606.1M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,156−0.008%$2.59B$12.23B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,156−0.008%$3.8M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,172.3+0.012%$4.6M$97.2M40xas long as short
Bulk BTC-USD+0.0100%1h85,294.4+0.155%$693.5M$241.4M40xas long as short
Gate BTC_USDT+0.0100%8h85,152.9−0.011%$5.47B$11.11B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,158.9−0.004%$36.9M$187.8M75xas long as short
Variational Omni BTClong+0.0100%8h85,162.5long leg$155.8M$550.5M
edgeX BTCUSDC+0.0100%4h85,270.9+0.127%$282.8M$955.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,278+0.136%$214.2M$159.0M50xas long as short
StandX BTC-USD+0.0100%1h85,260.1+0.115%$30.0M$211.6M40xas long as short
Vest BTC-PERP+0.0100%1h85,223+0.071%$10.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,160−0.003%$10.9M$14.9M50xas long as short
Bullet BTC-USD+0.0100%1h85,156.1−0.007%$198K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,159.1−0.004%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,187.2+0.029%$193K$796K40xas long as short
Derive BTC-PERP+0.0100%1h85,139.3−0.027%$29.6M$45.7M15xas long as short
SunX BTC-USDT+0.0100%8h85,148.4−0.017%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,154−0.010%$59.7M$336.6M40xas long as short
HTX BTC-USDT+0.0100%8h85,169.8+0.009%$2.25B$970.2M200xas long as short
Phemex BTCUSDT+0.0100%8h85,173.3+0.013%$158.8M$516.2M150xas long as short
Extended BTC-USD+0.0104%1h85,131.3−0.037%$45.4M$241.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,159.1−0.004%$106.6M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,190.2+0.033%$111.6M$5.47B50xas long as short
Reya BTCRUSDPERP+0.0141%1h85,145.9−0.020%$6.6M$143.8M40xas long as short
Kalshi KXBTCPERP+0.0171%8h85,201+0.045%$12.0M$737.2M6.4xas long as short
RISEx BTC/USDC+0.0174%1h85,172.8+0.012%$8.8M$42.9M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0147%1h85,186.4+0.028%$13.0M200xas long as short
Deribit BTC-PERPETUAL+0.0183%1h85,197.3+0.041%$841.1M$1.66B50xas long as short
Hibachi BTC/USDT-P+0.0224%1h85,224.1+0.072%$681K$7.7M30xas long as short
Aftermath Perps BTCUSD+0.0290%1h85,239.4+0.090%$81K$254K20xas long as short
Perpl BTC+0.0447%43m85,184+0.025%$457K$18.4M6.7xas long as short