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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.013%
Price spread now: Aevo against BingX+0.059%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$290.290% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.059%, 7d avg +0.003%
Together, before fees−0.047%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aevo is 0.057% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BTC-USDC85,268.80.0066pay 0.0066% / 8h2h 35m$17.4M
ShortAevo BTC-PERP85,319.50.0080get 0.0010% / 1h35m 10s$2.4M$6.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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
$2.94
Price spread: +0.059% → +0.003%
$5.65
Slippage, 4 orders
−$3.02
Fee BingX: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$20.43
Costs to cover
0.290%
Break-even
55.6 days
Slippage from BingX: live order book, 3 min ago; Aevo: live order book, 4 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 BingX live order book, 3 min ago0.01 bp5.0 bp −$55.0 bp −$505.7 bp −$5757.0 bp −$3,505
Sell Aevo live order book, 4 min ago0.62 bp9.0 bp −$910.8 bp −$108doesn't fitdoesn't fit

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%43m85,316.9+0.056%$526K$18.8M6.7xas long as short
Phoenix BTC−0.0111%1h85,251−0.021%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,326+0.067%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0053%8h85,307.4+0.045%$922.7M$763.6M125xas long as short
BloFin BTC-USDT−0.0034%8h85,308.7+0.047%$421.3M$680.3M150xas long as short
01 Exchange BTCUSD−0.0032%1h85,315.4+0.055%$383K$2.3M50xas long as short
Aster BTCUSDT−0.0014%8h85,276.9+0.009%$512.8M$1.10B200xas long as short
dYdX BTC-USD+0.0001%1h85,282.6+0.016%$16.7M$21.7M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,333.5+0.076%$36.5M200xas long as short
Nado BTC-PERP+0.0014%1h85,308+0.046%$24.6M$222.8M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0023%1h85,225−0.051%$338K$26.8M52xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,338.2+0.081%$187.6M$955.9M100xas long as short
BingX BTC-USDClong+0.0066%8h85,268.8long leg$17.4M
Bullet BTC-USD+0.0068%1h85,321+0.061%$206K$3.3M20xas long as short
SoDEX BTC-USD+0.0070%1h85,330+0.072%$59.7M$335.8M40xas long as short
Phemex BTCUSDT+0.0070%8h85,312.1+0.051%$149.2M$503.7M150xas long as short
Aevo BTC-PERPshort+0.0080%1h85,319.5+0.059%$2.4M$6.7M20x
Bitget BTCUSDT+0.0083%8h85,285.3+0.019%$2.95B$5.18B150xas long as short
MEXC BTC_USDT+0.0084%8h85,306.1+0.044%$5.06B$5.70B500xas long as short
Binance BTCUSDT+0.0086%8h85,270.2+0.002%$9.42B$24.83B150xas long as short
Lighter BTC+0.0096%1h85,332.7+0.075%$171.3M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,332+0.074%$23.7M$148.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,308+0.046%$8.3M$55.6M100xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,355.1+0.101%$117.1M$5.34B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,285+0.019%$238K$8.5M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,363.8+0.111%$5.6M$9.5M50xas long as short
Hyperliquid BTC+0.0100%1h85,376+0.126%$3.75B$5.06B40xas long as short
Pacifica BTC+0.0100%1h85,337.7+0.081%$40.1M$595.5M50xas long as short
Bybit BTCUSDT+0.0100%8h85,241.2−0.032%$5.16B$9.93B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,242−0.031%$2.58B$12.18B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,296+0.032%$3.8M$17.6M25xas long as short
Arcus BTC-USD+0.0100%1h85,315.2+0.054%$4.6M$99.2M40xas long as short
Bulk BTC-USD+0.0100%1h85,324.1+0.065%$679.5M$626.7M40xas long as short
Gate BTC_USDT+0.0100%8h85,303.1+0.040%$5.52B$10.88B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,287.7+0.022%$36.0M$174.6M75xas long as short
Variational Omni BTC+0.0100%8h85,263.5−0.006%$156.5M$568.3Mas long as short
edgeX BTCUSDC+0.0100%4h85,240.8−0.033%$278.9M$942.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,264.2−0.005%$214.3M$168.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,275.4+0.008%$139.4M$315.6M100xas long as short
StandX BTC-USD+0.0100%1h85,252.5−0.019%$30.1M$206.0M40xas long as short
Vest BTC-PERP+0.0100%1h85,376.2+0.126%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,316+0.055%$11.0M$14.4M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,327.7+0.069%$2.4M$9.1M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,372.1+0.121%$217K$750K40xas long as short
Derive BTC-PERP+0.0100%1h85,307.6+0.045%$30.1M$50.4M15xas long as short
SunX BTC-USDT+0.0100%8h85,301.2+0.038%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,313.2+0.052%$2.26B$952.8M200xas long as short
Extended BTC-USD+0.0104%1h85,307.8+0.046%$45.3M$238.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,322.7+0.063%$107.0M500xas long as short
Reya BTCRUSDPERP+0.0113%1h85,320.5+0.061%$6.6M$147.4M40xas long as short
Deribit BTC-PERPETUAL+0.0132%1h85,369.7+0.118%$872.4M$1.61B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,323.9+0.065%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0176%8h85,346+0.091%$11.4M$747.4M6.4xas long as short
Aftermath Perps BTCUSD+0.0216%1h85,312.5+0.051%$79K$225K20xas long as short
Hibachi BTC/USDT-P+0.0224%1h85,306+0.044%$719K$8.0M30xas long as short
RISEx BTC/USDC+0.0257%1h85,335.1+0.078%$8.7M$43.1M25xas long as short