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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0346%/8h= −37.9% APRnext payment $0.43 per $10,000 · paid last 24h −0.049%
Price spread now: Jupiter Perps against Aftermath Perps+0.025%7-day average −0.014% · 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)−0.201%−$20 on $10k
Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.025%, 7d avg −0.014%
Together, before fees−0.317%−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Jupiter Perps is 0.040% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.014%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps BTCUSD85,452.50.0290pay 0.0036% / 1h47m 42s$81K$246K20x
ShortJupiter Perps WBTC-PERP85,474.3L +0.0104% / S +0.0056%pay 0.0007% / 1h47m 42s$107.4M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Aftermath Perps. 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
−$72.64
Price spread: +0.025% → −0.014%
$3.99
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$89.65
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: live order book, 56 min ago; Jupiter Perps: 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 Aftermath Perps live order book, 56 min ago0.00 bp6.6 bp −$711.2 bp −$112doesn't fitdoesn't fit
Sell Jupiter Perps no order-book sample
Jupiter Perps: 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
Hotstuff BTC-PERP−0.0080%1h85,489+0.043%$8K$2K50xas long as short
BloFin BTC-USDT−0.0020%8h85,461.7+0.011%$422.8M$681.9M150xas long as short
Injective BTC/USDC PERP−0.0006%1h85,467+0.017%$307K$23.3M52xas long as short
01 Exchange BTCUSD0.0000%1h85,493.6+0.048%$344K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,497.1+0.052%$36.6M200xas long as short
KuCoin XBTUSDTM+0.0008%8h85,483.5+0.036%$932.6M$776.7M125xas long as short
Aster BTCUSDT+0.0029%8h85,476.9+0.028%$502.4M$1.08B200xas long as short
dYdX BTC-USD+0.0036%1h85,475.8+0.027%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0068%1h85,501.4+0.057%$186.4M$949.3M100xas long as short
Phoenix BTC+0.0075%1h85,516+0.074%$2.3M$10.4M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0080%8h85,471.7+0.022%$17.4Mas long as short
Lighter BTC+0.0096%1h85,499.9+0.055%$170.4M$941.5M50xas long as short
Lighter RH BTC+0.0096%1h85,500.9+0.057%$23.6M$133.7M50xas long as short
Popdex BTCUSDT+0.0096%1h85,468+0.018%$8.7M$58.4M100xas long as short
Aevo BTC-PERP+0.0096%1h85,477.2+0.029%$2.4M$6.7M20xas long as short
Deribit BTC-PERPETUAL+0.0096%1h85,524.3+0.084%$831.2M$1.66B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,462+0.011%$265K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,531.7+0.093%$5.7M$9.6M50xas long as short
Nado BTC-PERP+0.0100%1h85,456.5+0.005%$24.1M$218.8M50xas long as short
Pacifica BTC+0.0100%1h85,511+0.068%$40.1M$605.5M50xas long as short
Binance BTCUSDT+0.0100%8h85,483.2+0.036%$9.41B$25.10B150xas long as short
Bybit BTCUSDT+0.0100%8h85,482+0.034%$5.09B$10.01B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,490.2+0.044%$2.61B$12.22B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,498+0.053%$3.9M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,493.7+0.048%$4.6M$97.6M40xas long as short
Bulk BTC-USD+0.0100%1h85,453+0.001%$700.3M$171.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,486+0.039%$5.50B$9.86B200xas long as short
MEXC BTC_USDT+0.0100%8h85,485+0.038%$5.06B$5.72B500xas long as short
Bitget BTCUSDT+0.0100%8h85,481.9+0.034%$2.98B$5.16B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,480.4+0.033%$37.8M$193.8M75xas long as short
Variational Omni BTC+0.0100%8h85,465.8+0.016%$155.8M$547.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,416.6−0.042%$283.2M$960.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,448.6−0.005%$214.4M$157.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,449.8−0.003%$136.7M$313.1M100xas long as short
StandX BTC-USD+0.0100%1h85,472.1+0.023%$30.1M$217.7M40xas long as short
Vest BTC-PERP+0.0100%1h85,548.9+0.113%$9.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,259−0.226%$10.9M$14.9M50xas long as short
Bullet BTC-USD+0.0100%1h85,490.7+0.045%$200K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,490.3+0.044%$2.7M$9.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,531.1+0.092%$194K$796K40xas long as short
SunX BTC-USDT+0.0100%8h85,503+0.059%$2.9M$6.5M100xas long as short
SoDEX BTC-USD+0.0100%1h85,483+0.036%$59.8M$336.7M40xas long as short
HTX BTC-USDT+0.0100%8h85,483.9+0.037%$2.26B$974.9M200xas long as short
Phemex BTCUSDT+0.0100%8h85,490.3+0.044%$160.6M$517.3M150xas long as short
Extended BTC-USD+0.0104%1h85,459.6+0.008%$45.7M$241.7M50xas long as short
Jupiter Perps WBTC-PERPshortL +0.0104% / S +0.0056%1h85,474.3+0.025%$107.4M500x
Coinbase International BTC-PERP-INTX+0.0112%1h85,532.4+0.093%$111.6M$5.46B50xas long as short
Reya BTCRUSDPERP+0.0147%1h85,479.1+0.031%$6.6M$139.4M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0148%1h85,493.4+0.048%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0187%8h85,499+0.054%$10.6M$739.2M6.4xas long as short
RISEx BTC/USDC+0.0194%1h85,488.6+0.042%$8.9M$42.8M25xas long as short
Hyperliquid BTC+0.0227%1h85,561+0.127%$3.81B$5.14B40xas long as short
Derive BTC-PERP+0.0240%1h85,554.9+0.120%$28.9M$49.3M15xas long as short
Aftermath Perps BTCUSDlong+0.0290%1h85,452.5long leg$81K$246K20x
Hibachi BTC/USDT-P+0.0344%1h85,508.2+0.065%$688K$7.7M30xas long as short
Perpl BTC+0.0447%43m85,484.2+0.037%$468K$18.4M6.7xas long as short