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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.013%
Price spread now: edgeX against Aevo−0.009%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$290.293% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.180%−$18 on $10k
Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.009%, 7d avg −0.006%
Together, before fees−0.159%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP86,3700.0080pay 0.0010% / 1h28m 33s$2.5M$1.7M20x
ShortedgeX BTCUSDC86,361.80.0100get 0.0050% / 4h3h 28m$278.9M$951.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Aevo. 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
$4.2
Price spread: −0.009% → −0.006%
−$0.33
Slippage, 4 orders
−$4.3
Fee Aevo: 8 bp × 2 orders
−$16
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$25.42
Costs to cover
0.293%
Break-even
49.4 days
Slippage from Aevo: live order book, 1 min ago; edgeX: 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 Aevo live order book, 1 min ago1.99 bp10.3 bp −$1011.2 bp −$11213.2 bp −$1,324doesn't fit
Sell edgeX live order book, 1 min ago0.01 bp4.5 bp −$54.5 bp −$454.7 bp −$4675.7 bp −$2,856

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
Bluefin BTC-PERP−0.0383%1h86,407+0.043%$144K$666K40xas long as short
Phoenix BTC−0.0129%1h86,403+0.038%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,444+0.086%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,413.5+0.050%$361K$2.4M50xas long as short
Perpl BTC0.0000%43m86,374.4+0.005%$482K$21.5M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,395+0.029%$36.9M200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358−0.014%$343K$26.9M52xas long as short
Aster BTCUSDT+0.0024%8h86,443.6+0.085%$501.3M$1.14B200xas long as short
dYdX BTC-USD+0.0027%1h86,436+0.076%$16.9M$20.5M50xas long as short
KuCoin XBTUSDTM+0.0041%8h86,456.6+0.100%$832.4M$720.1M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0045%1h86,415.3+0.053%$6.7M$145.7M40xas long as short
BingX BTC-USDT+0.0050%8h86,457.4+0.101%$1.57Bas long as short
RISEx BTC/USDC+0.0052%1h86,420+0.058%$8.3M$42.4M25xas long as short
Deribit BTC-PERPETUAL+0.0058%1h86,410.3+0.047%$902.6M$1.51B50xas long as short
Bitget BTCUSDT+0.0063%8h86,410.9+0.047%$2.97B$5.03B150xas long as short
MEXC BTC_USDT+0.0078%8h86,446.9+0.089%$5.13B$5.70B500xas long as short
Binance BTCUSDT+0.0079%8h86,418.3+0.056%$9.42B$24.30B150xas long as short
Aevo BTC-PERPlong+0.0080%1h86,370long leg$2.5M$1.7M20x
Phemex BTCUSDT+0.0082%8h86,374+0.005%$154.4M$473.4M150xas long as short
HTX BTC-USDT+0.0087%8h86,364.8−0.006%$2.29B$962.7M200xas long as short
SoDEX BTC-USD+0.0096%1h86,373+0.004%$60.4M$338.2M40xas long as short
Lighter BTC+0.0096%1h86,458.6+0.103%$170.8M$986.6M50xas long as short
Lighter RH BTC+0.0096%1h86,467.7+0.113%$23.7M$149.5M50xas long as short
Popdex BTCUSDT+0.0096%1h86,403+0.038%$8.4M$52.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,390+0.023%$202K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,478.8+0.126%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,429.9+0.069%$22.0M$227.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,532+0.188%$3.80B$5.00B40xas long as short
Pacifica BTC+0.0100%1h86,476.8+0.124%$41.1M$552.2M50xas long as short
Bybit BTCUSDT+0.0100%8h86,407+0.043%$5.26B$9.67B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,421+0.059%$2.56B$12.48B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,452+0.095%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h86,459.5+0.104%$7.2M$94.9M40xas long as short
Gate BTC_USDT+0.0100%8h86,454.7+0.098%$5.80B$10.54B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,365.9−0.005%$37.5M$157.8M75xas long as short
Variational Omni BTC+0.0100%8h86,377.3+0.008%$158.2M$561.5Mas long as short
edgeX BTCUSDCshort+0.0100%4h86,361.8−0.009%$278.9M$951.4M100x
GRVT BTC_USDT_Perp+0.0100%8h86,400.1+0.035%$217.0M$165.5M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,356.3−0.016%$141.6M$321.1M100xas long as short
StandX BTC-USD+0.0100%1h86,351.2−0.022%$30.7M$209.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,450.5+0.093%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,429+0.068%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,364.5−0.006%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,368.9−0.001%$2.4M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,402.8+0.038%$30.5M$58.1M15xas long as short
SunX BTC-USDT+0.0100%8h86,398.7+0.033%$3.4M$5.2M100xas long as short
Bulk BTC-USD+0.0100%1h86,411.1+0.048%$576.0M$32.8M40xas long as short
Extended BTC-USD+0.0104%1h86,439.7+0.081%$45.9M$221.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,380.2+0.012%$98.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,407.1+0.043%$132.2M$5.39B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,395.6+0.030%$192.4M$941.8M100xas long as short
Aftermath Perps BTCUSD+0.0166%1h86,396+0.030%$77K$217K20xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,399.8+0.035%$710K$7.9M30xas long as short
BloFin BTC-USDT+0.0198%8h86,365.3−0.005%$415.9M$645.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0205% / S −0.0219%1h86,381.5+0.013%$14.5M200xas long as short
Kalshi KXBTCPERP+0.0209%8h86,407+0.043%$10.2M$763.5M6.4xas long as short