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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: StandX against Aevo−0.006%51s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$310.309% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.006%, 7d avg +0.007%
Together, before fees+0.055%+ Points / potential airdropStandX: Active · farm board+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP85,3610.0096pay 0.0012% / 1h59m 40s$2.4M$6.7M20x
ShortStandX BTC-USD85,355.80.0100get 0.0013% / 1h59m 40s$30.1M$207.7M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$0.84
Price spread: −0.006% → +0.007%
−$1.27
Slippage, 4 orders
−$6.86
Fee Aevo: 8 bp × 2 orders
−$16
Fee StandX: 4 bp × 2 orders
−$8
Net
−$31.29
Costs to cover
0.309%
Break-even
267.7 days
Slippage from Aevo: live order book, 5 min ago; StandX: live order book, 5 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, 5 min ago1.24 bp9.7 bp −$1011.2 bp −$11216.7 bp −$1,671doesn't fit
Sell StandX live order book, 5 min ago1.00 bp5.2 bp −$55.8 bp −$587.1 bp −$7148.8 bp −$4,416

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−0.0082%1h85,415+0.063%$2.3M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,350−0.013%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0031%8h85,340.4−0.024%$928.4M$773.2M125xas long as short
BloFin BTC-USDT−0.0023%8h85,336.6−0.029%$420.9M$680.7M150xas long as short
Aster BTCUSDT−0.0005%8h85,343−0.021%$512.2M$1.09B200xas long as short
Perpl BTC0.0000%43m85,343.9−0.020%$491K$18.3M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h85,392.5+0.037%$847.8M$1.65B50xas long as short
dYdX BTC-USD+0.0001%1h85,384.6+0.028%$16.7M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,384.6+0.028%$36.5M200xas long as short
01 Exchange BTCUSD+0.0008%1h85,359.3−0.002%$352K$2.3M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0049%1h85,319.1−0.049%$24.1M$219.6M50xas long as short
Injective BTC/USDC PERP+0.0057%1h85,374+0.015%$338K$26.8M52xas long as short
BingX BTC-USDT+0.0073%8h85,347.2−0.016%$1.57Bas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,382.1+0.025%$185.8M$952.0M100xas long as short
Bybit BTCUSDT+0.0089%8h85,338.8−0.026%$5.13B$9.97B150xas long as short
Bitget BTCUSDT+0.0091%8h85,339.3−0.025%$2.96B$5.16B150xas long as short
SoDEX BTC-USD+0.0093%1h85,368+0.008%$59.7M$336.6M40xas long as short
Lighter BTC+0.0096%1h85,355.3−0.007%$169.8M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,359.7−0.002%$23.5M$149.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,348−0.015%$8.4M$57.2M100xas long as short
MEXC BTC_USDT+0.0096%8h85,347.3−0.016%$5.03B$5.70B500xas long as short
Aevo BTC-PERPlong+0.0096%1h85,361long leg$2.4M$6.7M20x
Binance BTCUSDT+0.0096%8h85,347.3−0.016%$9.42B$24.88B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,328−0.039%$245K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,391.8+0.036%$5.8M$9.5M50xas long as short
Hyperliquid BTC+0.0100%1h85,425+0.075%$3.74B$5.06B40xas long as short
Pacifica BTC+0.0100%1h85,378.1+0.020%$39.9M$605.4M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,356.4−0.005%$2.60B$12.18B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,340−0.025%$3.8M$17.1M25xas long as short
Arcus BTC-USD+0.0100%1h85,346.5−0.017%$5.1M$96.0M40xas long as short
Bulk BTC-USD+0.0100%1h85,324.1−0.043%$690.8M$302.3M40xas long as short
Gate BTC_USDT+0.0100%8h85,349.4−0.014%$5.54B$10.97B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,355.4−0.007%$37.2M$183.4M75xas long as short
Variational Omni BTC+0.0100%8h85,299.4−0.072%$156.2M$556.9Mas long as short
edgeX BTCUSDC+0.0100%4h85,330.6−0.036%$279.6M$954.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,342.1−0.022%$214.2M$158.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,333.7−0.032%$139.5M$313.1M100xas long as short
StandX BTC-USDshort+0.0100%1h85,355.8−0.006%$30.1M$207.7M40x
Vest BTC-PERP+0.0100%1h85,414+0.062%$9.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,376+0.018%$11.0M$14.7M50xas long as short
Bullet BTC-USD+0.0100%1h85,374.4+0.016%$199K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,364.1+0.004%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,400.6+0.046%$194K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,383.8+0.027%$30.0M$46.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,325−0.042%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,366.7+0.007%$2.26B$963.2M200xas long as short
Phemex BTCUSDT+0.0100%8h85,379.1+0.021%$157.7M$512.4M150xas long as short
Extended BTC-USD+0.0104%1h85,315−0.054%$45.2M$240.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,335.2−0.030%$104.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,397.8+0.043%$113.1M$5.48B50xas long as short
Reya BTCRUSDPERP+0.0135%1h85,361.40.000%$6.6M$147.2M40xas long as short
Kalshi KXBTCPERP+0.0173%8h85,382+0.025%$11.9M$738.9M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0147%1h85,382+0.025%$13.0M200xas long as short
RISEx BTC/USDC+0.0193%1h85,377.3+0.019%$8.8M$42.7M25xas long as short
Hibachi BTC/USDT-P+0.0208%1h85,374.7+0.016%$684K$7.8M30xas long as short
Aftermath Perps BTCUSD+0.0283%1h85,405.3+0.052%$79K$246K20xas long as short