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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: OKX against ApeX Omni−0.072%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$210.207% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.023%−$2 on $10k
Price spread, last 7 days+0.080%+$8 · spread now −0.072%, 7d avg −0.007%
Together, before fees+0.057%+$6 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: OKX is 0.065% cheaper against ApeX Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BTCUSDT86,6620.0100pay 0.0013% / 1h43m 27s$141.6M$323.3M100x
ShortOKX BTC-USDT-SWAP86,6000.0100get 0.0100% / 8h43m 27s$2.55B$12.77B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against ApeX 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: −0.072% → −0.007%
−$6.45
Slippage, 4 orders
−$0.7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$27.15
Costs to cover
0.207%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 1 min ago; OKX: live order book, 6 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 ApeX Omni live order book, 1 min ago0.35 bp5.3 bp −$55.5 bp −$5510.0 bp −$99938.8 bp −$19.4K
Sell OKX live order book, 6 min ago0.01 bp5.0 bp −$55.0 bp −$505.2 bp −$5226.7 bp −$3,374

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−0.0118%1h86,580−0.095%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,613−0.057%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568−0.108%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,617.8−0.051%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0024%1h86,617.4−0.051%$361K$2.5M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,689.7+0.032%$916.3M$1.49B50xas long as short
Aster BTCUSDT+0.0001%8h86,628.5−0.039%$502.7M$1.15B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,670.2+0.009%$36.9M200xas long as short
KuCoin XBTUSDTM+0.0012%8h86,610.4−0.060%$851.6M$714.9M125xas long as short
Reya BTCRUSDPERP+0.0027%1h86,600.9−0.070%$6.7M$145.4M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX BTC-USD+0.0027%1h86,674.3+0.014%$17.0M$21.1M50xas long as short
Phemex BTCUSDT+0.0040%8h86,659.4−0.003%$150.6M$479.8M150xas long as short
BingX BTC-USDC+0.0042%8h86,600.8−0.071%$15.4Mas long as short
Bitget BTCUSDT+0.0052%8h86,597−0.075%$2.96B$5.12B150xas long as short
MEXC BTC_USDT+0.0072%8h86,615.2−0.054%$5.15B$5.64B500xas long as short
Aevo BTC-PERP+0.0072%1h86,670.2+0.009%$2.4M$1.3M20xas long as short
Binance BTCUSDT+0.0073%8h86,600.2−0.071%$9.44B$24.57B150xas long as short
Gate BTC_USDT+0.0082%8h86,617.7−0.051%$5.88B$10.74B200xas long as short
Lighter BTC+0.0096%1h86,630.5−0.036%$170.6M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,640.4−0.025%$24.1M$151.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,601−0.070%$8.5M$52.5M100xas long as short
SoDEX BTC-USD+0.0099%1h86,651−0.013%$60.6M$337.7M40xas long as short
Katana Perps BTC-USD+0.0100%8h86,589−0.084%$200K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,653.2−0.010%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,633.9−0.032%$22.0M$234.8M50xas long as short
Hyperliquid BTC+0.0100%1h86,700+0.044%$3.80B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,657.1−0.006%$40.9M$524.0M50xas long as short
Bybit BTCUSDT+0.0100%8h86,596.9−0.075%$5.27B$9.82B150xas long as short
OKX BTC-USDT-SWAPshort+0.0100%8h86,600−0.072%$2.55B$12.77B100x
Ondo Perps BTC-USD.P+0.0100%1h86,608−0.062%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,641.8−0.023%$7.6M$95.1M40xas long as short
Bulk BTC-USD+0.0100%1h86,560.7−0.117%$572.5M$17.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,657.9−0.005%$38.5M$156.0M75xas long as short
Variational Omni BTC+0.0100%8h86,628.8−0.038%$157.3M$569.4Mas long as short
edgeX BTCUSDC+0.0100%4h86,643−0.022%$279.9M$948.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,648.3−0.016%$217.6M$172.0M50xas long as short
ApeX Omni BTCUSDTlong+0.0100%1h86,662long leg$141.6M$323.3M100x
StandX BTC-USD+0.0100%1h86,624.8−0.043%$30.7M$204.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,656.8−0.006%$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,601−0.070%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,649.8−0.014%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,652−0.012%$2.4M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,684.8+0.026%$141K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,684.8+0.026%$30.6M$62.5M15xas long as short
SunX BTC-USDT+0.0100%8h86,634.9−0.031%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,645.5−0.019%$2.30B$970.3M200xas long as short
Extended BTC-USD+0.0104%1h86,587.3−0.086%$45.5M$227.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,672.7+0.012%$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,680.5+0.021%$193.8M$951.6M100xas long as short
Perpl BTC+0.0112%43m86,628.8−0.038%$419K$23.2M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,698.3+0.042%$132.9M$5.69B50xas long as short
Aftermath Perps BTCUSD+0.0115%1h86,619.2−0.049%$79K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,688.4+0.031%$729K$8.1M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0192% / S −0.0216%1h86,665.6+0.004%$15.1M200xas long as short
BloFin BTC-USDT+0.0193%8h86,638.8−0.027%$414.6M$659.2M150xas long as short
Kalshi KXBTCPERP+0.0208%8h86,670+0.009%$9.7M$743.0M6.4xas long as short