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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0160%/8h= −17.5% APRnext payment $0.20 per $10,000 · paid last 24h −0.043%
Price spread now: Jupiter Perps against Extended+0.041%7-day average +0.041% · 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 3 days (all we have)−0.157%−$16 on $10k
Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.041%, 7d avg +0.041%
Together, before fees−0.185%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD85,375.70.0104pay 0.0013% / 1h3m 18s$45.2M$240.1M50x
ShortJupiter Perps WBTC-PERP85,410.9L +0.0104% / S +0.0056%pay 0.0007% / 1h3m 18s$104.3M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Extended. 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
−$33.6
Price spread: +0.041% → +0.041%
$0.03
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$50.57
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 6 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 Extended live order book, 6 min ago0.06 bp2.6 bp −$32.6 bp −$263.3 bp −$3279.7 bp −$4,842
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
Phoenix BTC−0.0082%1h85,520+0.169%$2.3M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,392+0.019%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0032%8h85,400+0.028%$928.5M$772.9M125xas long as short
BloFin BTC-USDT−0.0022%8h85,455+0.093%$421.8M$681.5M150xas long as short
Aster BTCUSDT−0.0004%8h85,359−0.020%$512.3M$1.09B200xas long as short
01 Exchange BTCUSD0.0000%1h85,411.1+0.041%$352K$2.4M50xas long as short
Perpl BTC0.0000%43m85,439.2+0.074%$490K$18.3M6.7xas long as short
dYdX BTC-USD+0.0001%1h85,430.1+0.064%$16.7M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,418.4+0.050%$36.5M200xas long as short
Deribit BTC-PERPETUAL+0.0040%1h85,437.5+0.072%$853.6M$1.64B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0047%1h85,400.1+0.029%$24.1M$219.7M50xas long as short
Injective BTC/USDC PERP+0.0057%1h85,420+0.052%$339K$26.8M52xas long as short
BingX BTC-USDC+0.0074%8h85,339.1−0.043%$17.3Mas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,409.2+0.039%$185.9M$951.0M100xas long as short
Bitget BTCUSDT+0.0091%8h85,376.10.000%$2.96B$5.15B150xas long as short
Bybit BTCUSDT+0.0092%8h85,369−0.008%$5.14B$9.97B150xas long as short
SoDEX BTC-USD+0.0092%1h85,396+0.024%$59.8M$336.6M40xas long as short
Lighter BTC+0.0096%1h85,412.3+0.043%$169.6M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,408.9+0.039%$23.6M$149.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,414+0.045%$8.4M$57.2M100xas long as short
Aevo BTC-PERP+0.0096%1h85,374.9−0.001%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0097%8h85,365.6−0.012%$5.04B$5.78B500xas long as short
Binance BTCUSDT+0.0097%8h85,360−0.018%$9.42B$24.87B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,382+0.007%$245K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,442.8+0.079%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,443+0.079%$3.75B$5.06B40xas long as short
Pacifica BTC+0.0100%1h85,432.1+0.066%$40.4M$603.0M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,380.5+0.006%$2.60B$12.18B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,384+0.010%$3.8M$17.1M25xas long as short
Arcus BTC-USD+0.0100%1h85,395.4+0.023%$5.1M$96.0M40xas long as short
Gate BTC_USDT+0.0100%8h85,373.9−0.002%$5.55B$11.09B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,389.5+0.016%$37.4M$182.6M75xas long as short
Variational Omni BTC+0.0100%8h85,432.9+0.067%$156.6M$557.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,433.6+0.068%$279.9M$953.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,439+0.074%$214.5M$163.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,433.9+0.068%$139.7M$313.2M100xas long as short
StandX BTC-USD+0.0100%1h85,401.3+0.030%$30.1M$207.3M40xas long as short
Vest BTC-PERP+0.0100%1h85,437+0.072%$9.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,384+0.010%$11.0M$14.6M50xas long as short
Bullet BTC-USD+0.0100%1h85,408.9+0.039%$199K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,379.2+0.004%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,403+0.032%$194K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,383.8+0.009%$30.0M$46.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,416.9+0.048%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,400+0.028%$2.26B$962.7M200xas long as short
Phemex BTCUSDT+0.0100%8h85,413.5+0.044%$157.3M$512.2M150xas long as short
Bulk BTC-USD+0.0100%1h85,413.1+0.044%$689.0M$342.5M40xas long as short
Extended BTC-USDlong+0.0104%1h85,375.7long leg$45.2M$240.1M50x
Jupiter Perps WBTC-PERPshortL +0.0104% / S +0.0056%1h85,410.9+0.041%$104.3M500x
Coinbase International BTC-PERP-INTX+0.0104%1h85,428.5+0.062%$112.9M$5.48B50xas long as short
Reya BTCRUSDPERP+0.0134%1h85,360.1−0.018%$6.6M$147.7M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0148%1h85,372.4−0.004%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0177%8h85,440+0.075%$12.0M$738.7M6.4xas long as short
RISEx BTC/USDC+0.0193%1h85,427.1+0.060%$8.8M$42.7M25xas long as short
Hibachi BTC/USDT-P+0.0208%1h85,443.3+0.079%$685K$7.8M30xas long as short
Aftermath Perps BTCUSD+0.0271%1h85,444.3+0.080%$79K$246K20xas long as short