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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Ondo Perps against Extended+0.068%7-day average +0.053% · 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 7 days0.000%$0 on $10k
Price spread, last 7 days−0.058%−$6 · spread now +0.068%, 7d avg +0.053%
Together, before fees−0.058%+ Points / potential airdropExtended: Active · Ondo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD86,057.70.0104pay 0.0013% / 1h50m 09s$46.9M$202.9M50x
ShortOndo Perps BTC-USD.P86,1160.0100get 0.0013% / 1h50m 09s$4.0M$15.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo 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
−$0.84
Price spread: +0.068% → +0.053%
$1.46
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$9.38
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 2 min ago; Ondo 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, 2 min ago0.06 bp2.6 bp −$33.3 bp −$334.5 bp −$45210.6 bp −$5,306
Sell Ondo Perps no order-book sample
Ondo 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 55 exchanges

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−0.0133%1h86,126+0.079%$2.1M$7.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,197+0.162%$8K$2K50xas long as short
ApeX Omni BTCUSDT−0.0035%1h86,094.8+0.043%$137.6M$295.3M100xas long as short
01 Exchange BTCUSD−0.0032%1h86,095.6+0.044%$363K$2.0M50xas long as short
BloFin BTC-USDT−0.0021%8h86,096.4+0.045%$421.4M$564.3M150xas long as short
dYdX BTC-USD0.0000%1h86,107.7+0.058%$16.9M$14.5M50xas long as short
Perpl BTC0.0000%43m86,124.1+0.077%$481K$13.8M6.7xas long as short
SoDEX BTC-USD+0.0003%1h86,085+0.032%$65.9M$187.9M40xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,111.6+0.063%$36.8M200xas long as short
Injective BTC/USDC PERP+0.0009%1h86,214+0.182%$301K$26.1M52xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BTCUSDT+0.0028%8h86,076.1+0.021%$513.2M$874.7M200xas long as short
BingX BTC-USDC+0.0028%8h86,065.9+0.010%$16.3Mas long as short
Kraken Futures PF_XBTUSD+0.0029%1h86,099.5+0.049%$191.7M$768.9M100xas long as short
Bybit BTCUSDT+0.0038%8h86,095.6+0.044%$5.15B$8.13B150xas long as short
KuCoin XBTUSDTM+0.0054%8h86,092.3+0.040%$943.6M$634.4M125xas long as short
Gate BTC_USDT+0.0063%8h86,094+0.042%$5.52B$8.89B200xas long as short
Popdex BTCUSDT+0.0080%1h86,107+0.057%$8.8M$45.3M100xas long as short
Phemex BTCUSDT+0.0087%8h86,090+0.038%$170.7M$478.9M150xas long as short
Bitget BTCUSDT+0.0094%8h86,085.7+0.033%$2.99B$3.97B150xas long as short
HTX BTC-USDT+0.0095%8h86,083.9+0.030%$2.27B$802.6M200xas long as short
Lighter BTC+0.0096%1h86,104.9+0.055%$173.8M$853.4M50xas long as short
Lighter RH BTC+0.0096%1h86,109.3+0.060%$23.4M$119.1M50xas long as short
Aevo BTC-PERP+0.0096%1h86,073.6+0.019%$2.4M$6.7M20xas long as short
Binance BTCUSDT+0.0099%8h86,089.1+0.037%$9.46B$20.54B150xas long as short
MEXC BTC_USDT+0.0099%8h86,086.3+0.033%$5.17B$4.82B500xas long as short
Katana Perps BTC-USD+0.0100%8h86,092+0.040%$220K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,148.4+0.105%$6.0M$7.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,109+0.060%$23.5M$195.6M50xas long as short
Pacifica BTC+0.0100%1h86,145.3+0.102%$40.4M$570.0M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,098.6+0.048%$2.62B$9.50B100xas long as short
Ondo Perps BTC-USD.Pshort+0.0100%1h86,116+0.068%$4.0M$15.1M25x
Arcus BTC-USD+0.0100%1h86,136.4+0.091%$4.2M$90.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,169.3+0.130%$716.4M$134.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,078.5+0.024%$38.2M$195.5M75xas long as short
Variational Omni BTC+0.0100%8h86,070.8+0.015%$156.6M$475.5Mas long as short
edgeX BTCUSDC+0.0100%4h86,081.5+0.028%$289.8M$813.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,097+0.046%$216.3M$133.7M50xas long as short
StandX BTC-USD+0.0100%1h86,080.1+0.026%$30.3M$223.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,168.7+0.129%$9.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,126+0.079%$11.1M$12.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,105.1+0.055%$205K$3.2M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,083.5+0.030%$2.6M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,130.9+0.085%$195K$564K40xas long as short
SunX BTC-USDT+0.0100%8h86,121.8+0.074%$3.2M$6.6M100xas long as short
Extended BTC-USDlong+0.0104%1h86,057.7long leg$46.9M$202.9M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h86,103.9+0.054%$81.6M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,132.9+0.087%$112.2M$4.97B50xas long as short
Kalshi KXBTCPERP+0.0160%8h86,133+0.087%$12.0M$733.2M6.4xas long as short
Reya BTCRUSDPERP+0.0163%1h86,077.4+0.023%$6.6M$131.1M40xas long as short
Hyperliquid BTC+0.0166%1h86,183+0.146%$3.97B$4.36B40xas long as short
RISEx BTC/USDC+0.0187%1h86,112.5+0.064%$8.9M$37.1M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0211% / S −0.0251%1h86,101.2+0.051%$15.6M200xas long as short
Deribit BTC-PERPETUAL+0.0258%1h86,145.6+0.102%$822.8M$1.50B50xas long as short
Hibachi BTC/USDT-P+0.0352%1h86,123+0.076%$726K$7.0M30xas long as short
Aftermath Perps BTCUSD+0.0445%1h86,135+0.090%$79K$245K20xas long as short