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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.012%
Price spread now: HTX against BingX−0.067%7-day average · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$220.221% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.067% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BTC-USDT86,116.40.0053pay 0.0053% / 8h7h 04m$1.57B
ShortHTX BTC-USDT86,0590.0059get 0.0059% / 8h7h 04m$2.28B$957.9M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$1.23
Price spread: −0.067% → 0.000%
−$6.67
Slippage, 4 orders
−$0.13
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$27.57
Costs to cover
0.221%
Break-even
164.4 days
Slippage from BingX: live order book, 4 min ago; HTX: 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, 4 min ago0.02 bp5.1 bp −$55.2 bp −$525.4 bp −$5435.9 bp −$2,929
Sell HTX live order book, 4 min ago0.01 bp6.0 bp −$66.1 bp −$617.6 bp −$76210.5 bp −$5,227

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−0.0129%1h86,215+0.114%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,090−0.031%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h86,075.2−0.048%$363K$2.3M50xas long as short
Perpl BTC0.0000%43m86,110−0.007%$580K$21.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,098.5−0.021%$36.8M200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,365+0.289%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0024%1h86,108.9−0.009%$16.9M$20.5M50xas long as short
Aster BTCUSDT+0.0031%8h86,102−0.017%$499.2M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0043%8h86,123.4+0.008%$827.7M$715.6M125xas long as short
Reya BTCRUSDPERP+0.0050%1h86,069.7−0.054%$6.7M$145.8M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0052%1h86,084.8−0.037%$8.2M$42.4M25xas long as short
BingX BTC-USDTlong+0.0053%8h86,116.4long leg$1.57B
HTX BTC-USDTshort+0.0059%8h86,059−0.067%$2.28B$957.9M200x
Bitget BTCUSDT+0.0066%8h86,120.4+0.005%$2.97B$5.06B150xas long as short
SoDEX BTC-USD+0.0070%1h86,076−0.047%$60.3M$338.3M40xas long as short
Bluefin BTC-PERP+0.0076%1h86,106.8−0.011%$144K$666K40xas long as short
Aevo BTC-PERP+0.0080%1h86,066.4−0.058%$2.5M$1.8M20xas long as short
Binance BTCUSDT+0.0083%8h86,127.7+0.013%$9.37B$24.27B150xas long as short
MEXC BTC_USDT+0.0083%8h86,128+0.013%$5.11B$5.77B500xas long as short
Phemex BTCUSDT+0.0086%8h86,070−0.054%$155.3M$473.4M150xas long as short
Gate BTC_USDT+0.0090%8h86,127.5+0.013%$5.77B$10.67B200xas long as short
Lighter BTC+0.0096%1h86,133+0.019%$169.5M$996.4M50xas long as short
Lighter RH BTC+0.0096%1h86,146.4+0.035%$23.5M$152.4M50xas long as short
Popdex BTCUSDT+0.0096%1h86,080−0.042%$8.4M$52.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,056−0.070%$199K$7.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,106.6−0.011%$4.2M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,081.5−0.041%$22.0M$225.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,176+0.069%$3.77B$4.97B40xas long as short
Pacifica BTC+0.0100%1h86,118.5+0.002%$40.8M$560.8M50xas long as short
Bybit BTCUSDT+0.0100%8h86,122.4+0.007%$5.24B$9.64B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,132.9+0.019%$2.56B$12.41B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,104−0.014%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h86,099−0.020%$7.2M$95.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,059.9−0.066%$35.4M$161.8M75xas long as short
Variational Omni BTC+0.0100%8h86,079.3−0.043%$156.4M$555.5Mas long as short
edgeX BTCUSDC+0.0100%4h86,114.1−0.003%$278.1M$940.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,175.4+0.069%$216.3M$165.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,194.2+0.090%$141.1M$320.0M100xas long as short
StandX BTC-USD+0.0100%1h86,117.1+0.001%$30.6M$207.0M40xas long as short
Vest BTC-PERP+0.0100%1h86,127.1+0.012%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,080−0.042%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,077.8−0.045%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,073.4−0.050%$2.4M$9.1M100xas long as short
Derive BTC-PERP+0.0100%1h86,090.9−0.030%$30.2M$57.0M15xas long as short
SunX BTC-USDT+0.0100%8h86,055.4−0.071%$3.3M$5.4M100xas long as short
Bulk BTC-USD+0.0100%1h86,141.5+0.029%$581.0M$76.4M40xas long as short
Extended BTC-USD+0.0104%1h86,045−0.083%$46.0M$222.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,105−0.013%$99.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,103.7−0.015%$132.4M$5.27B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,108−0.010%$190.3M$953.6M100xas long as short
Hibachi BTC/USDT-P+0.0136%1h86,112.1−0.005%$725K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0169%1h86,188+0.083%$77K$217K20xas long as short
BloFin BTC-USDT+0.0203%8h86,079.9−0.042%$415.6M$640.3M150xas long as short
Kalshi KXBTCPERP+0.0205%8h86,107−0.011%$10.4M$765.7M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0222%1h86,095.4−0.024%$14.5M200xas long as short
Deribit BTC-PERPETUAL+0.0211%1h86,131.9+0.018%$902.8M$1.51B50xas long as short