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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: HTX against Variational Omni+0.094%7-day average +0.001% · 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 4 days (all we have)−0.037%−$4 on $10k
Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.094%, 7d avg +0.001%
Together, before fees−0.138%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.094% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BTC85,218.80.0100pay 0.0100% / 8h2h 19m$154.2M$561.4M
ShortHTX BTC-USDT85,2990.0100get 0.0100% / 8h2h 19m$2.26B$942.2M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$0
Price spread: +0.094% → +0.001%
$9.36
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$2.64
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; HTX: 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 −$50.5 bp −$52doesn't fit
Sell HTX live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.4 bp −$6369.6 bp −$4,813

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
Perpl BTC−0.0112%43m85,327.8+0.128%$527K$18.4M6.7xas long as short
Phoenix BTC−0.0111%1h85,308+0.105%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,339+0.141%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0054%8h85,308.1+0.105%$922.6M$764.7M125xas long as short
BloFin BTC-USDT−0.0034%8h85,226.9+0.009%$419.4M$680.0M150xas long as short
Aster BTCUSDT−0.0015%8h85,322.9+0.122%$512.7M$1.09B200xas long as short
01 Exchange BTCUSD−0.0008%1h85,341.2+0.144%$354K$2.4M50xas long as short
dYdX BTC-USD+0.0001%1h85,297+0.092%$16.7M$21.4M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,302.2+0.098%$36.4M200xas long as short
Injective BTC/USDC PERP+0.0023%1h85,225+0.007%$338K$26.8M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0037%1h85,317+0.115%$24.8M$222.4M50xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,321.4+0.120%$187.6M$954.1M100xas long as short
BingX BTC-USDC+0.0068%8h85,311.3+0.109%$17.5Mas long as short
Phemex BTCUSDT+0.0074%8h85,308.6+0.105%$147.5M$505.3M150xas long as short
Aevo BTC-PERP+0.0080%1h85,299.1+0.094%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0086%8h85,333.2+0.134%$5.04B$5.73B500xas long as short
Bitget BTCUSDT+0.0086%8h85,355.4+0.160%$2.96B$5.16B150xas long as short
Binance BTCUSDT+0.0087%8h85,334.3+0.135%$9.43B$24.83B150xas long as short
Lighter BTC+0.0096%1h85,330.5+0.131%$171.3M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,334.8+0.136%$23.7M$148.7M50xas long as short
Popdex BTCUSDT+0.0096%1h85,333+0.134%$8.3M$55.8M100xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,340.9+0.143%$116.9M$5.40B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,305+0.101%$238K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,380.2+0.189%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,428+0.245%$3.75B$5.07B40xas long as short
Pacifica BTC+0.0100%1h85,350.1+0.154%$40.0M$597.7M50xas long as short
Bybit BTCUSDT+0.0100%8h85,340.8+0.143%$5.14B$9.95B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,350+0.154%$2.58B$12.19B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,323+0.122%$3.8M$17.5M25xas long as short
Arcus BTC-USD+0.0100%1h85,331.9+0.133%$4.6M$99.1M40xas long as short
Bulk BTC-USD+0.0100%1h85,163.7−0.065%$678.5M$565.0M40xas long as short
Gate BTC_USDT+0.0100%8h85,326.5+0.126%$5.51B$11.01B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,306+0.102%$36.3M$176.5M75xas long as short
Variational Omni BTClong+0.0100%8h85,218.8long leg$154.2M$561.4M
edgeX BTCUSDC+0.0100%4h85,241.6+0.027%$279.4M$948.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,107.4−0.131%$213.8M$166.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,093.4−0.147%$139.1M$315.0M100xas long as short
StandX BTC-USD+0.0100%1h85,285.1+0.078%$30.1M$207.6M40xas long as short
Vest BTC-PERP+0.0100%1h85,398.7+0.211%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,350+0.154%$11.0M$14.4M50xas long as short
Bullet BTC-USD+0.0100%1h85,290.6+0.084%$205K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,306.8+0.103%$2.6M$9.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,348.2+0.152%$228K$760K40xas long as short
Derive BTC-PERP+0.0100%1h85,279.7+0.071%$30.0M$48.0M15xas long as short
SunX BTC-USDT+0.0100%8h85,283+0.075%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,310+0.107%$59.7M$336.2M40xas long as short
HTX BTC-USDTshort+0.0100%8h85,299+0.094%$2.26B$942.2M200x
Extended BTC-USD+0.0104%1h85,301.3+0.097%$45.1M$239.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,298.2+0.093%$106.9M500xas long as short
Deribit BTC-PERPETUAL+0.0109%1h85,348.4+0.152%$866.9M$1.61B50xas long as short
Reya BTCRUSDPERP+0.0117%1h85,343.9+0.147%$6.6M$147.4M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,295.1+0.089%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0183%8h85,304+0.100%$11.5M$743.5M6.4xas long as short
Aftermath Perps BTCUSD+0.0225%1h85,223.3+0.005%$78K$227K20xas long as short
Hibachi BTC/USDT-P+0.0232%1h85,319.8+0.118%$688K$8.0M30xas long as short
RISEx BTC/USDC+0.0257%1h85,353+0.157%$8.7M$43.2M25xas long as short