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

BTC

all BTC markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.051%
Price spread now: Hotstuff against Variational Omni+0.069%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Hotstuff
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropVariational Omni: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.069% dearer against Variational Omni than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 31 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BTC86,754.40.0100pay 0.0100% / 8h2h 16m$159.6M$567.2M—
ShortHotstuff BTC-PERP86,814−0.0080pay 0.0010% / 1h16m 28s$9K$3K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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
−$37.8
Price spread: +0.069% → 0.000%
$6.87
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$35.93
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Hotstuff: 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 Variational Omni RFQ quote, 3 min ago0.54 bpdoesn't fit0.5 bp −$51.7 bp −$166doesn't fit
Sell Hotstuff no order-book sample—————
Hotstuff: 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 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
Aftermath Perps BTCUSD−0.0240%1h86,766+0.013%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,837.5+0.096%$426K$24.7M6.7xas long as short
Phoenix BTC−0.0103%1h86,739−0.018%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERPshort−0.0080%1h86,814+0.069%$9K$3K50x
dYdX BTC-USD−0.0062%1h86,831.2+0.089%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,828.3+0.085%$362K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,850.3+0.111%$932.2M$1.46B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,839.2+0.098%$36.9M—200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,819+0.074%$851.4M$707.3M125xas long as short
Aster BTCUSDT+0.0008%8h86,808.6+0.063%$507.0M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BTCUSDT+0.0021%8h86,821.3+0.077%$150.5M$472.4M150xas long as short
Reya BTCRUSDPERP+0.0021%1h86,786.2+0.037%$6.8M$144.4M40xas long as short
BingX BTC-USDC+0.0026%8h86,800.6+0.053%—$15.2M—as long as short
Bitget BTCUSDT+0.0036%8h86,796+0.048%$2.96B$5.08B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639−0.133%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0060%8h86,822.4+0.078%$5.20B$5.71B500xas long as short
Binance BTCUSDT+0.0060%8h86,806.9+0.060%$9.45B$24.36B150xas long as short
RISEx BTC/USDC+0.0063%1h86,814.3+0.069%$9.2M$41.8M25xas long as short
Aevo BTC-PERP+0.0064%1h86,818.4+0.074%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0083%8h86,824.4+0.081%$5.85B$10.68B200xas long as short
Bybit BTCUSDT+0.0085%8h86,798.1+0.050%$5.29B$9.71B150xas long as short
OKX BTC-USDT-SWAP+0.0088%8h86,803.9+0.057%$2.56B$12.76B100xas long as short
Lighter BTC+0.0096%1h86,838.6+0.097%$172.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,845.6+0.105%$24.2M$154.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,801+0.054%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,791+0.042%$201K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,872.7+0.136%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,820.8+0.077%$21.8M$235.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,872+0.136%$3.83B$5.12B40xas long as short
Pacifica BTC+0.0100%1h86,856.9+0.118%$41.0M$494.9M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,814+0.069%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,874.7+0.139%$7.5M$94.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,792.1+0.044%$573.3M$22.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,826.2+0.083%$38.2M$148.7M75xas long as short
Variational Omni BTClong+0.0100%8h86,754.4long leg$159.6M$567.2M—
edgeX BTCUSDC+0.0100%4h86,765.9+0.013%$280.3M$952.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,759.3+0.006%$217.9M$187.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,779.4+0.029%$141.7M$322.6M100xas long as short
StandX BTC-USD+0.0100%1h86,754.70.000%$30.8M$204.2M40xas long as short
Vest BTC-PERP+0.0100%1h86,862.8+0.125%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,806+0.060%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,819.4+0.075%$197K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,834.2+0.092%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,849.4+0.110%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,823.1+0.079%$30.1M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,796.5+0.049%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,819+0.074%$60.6M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,799.6+0.052%$2.31B$958.9M200xas long as short
Extended BTC-USD+0.0104%1h86,787.3+0.038%$46.3M$226.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,839.6+0.098%—$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,855.8+0.117%$188.2M$933.9M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,866+0.129%$132.3M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0151%8h86,834+0.092%$9.8M$727.3M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,833.4+0.091%$15.0M—200xas long as short
BloFin BTC-USDT+0.0180%8h86,825.5+0.082%$415.9M$656.5M150xas long as short
Hibachi BTC/USDT-P+0.0208%1h86,850.2+0.110%$645K$7.6M30xas long as short