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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.039%
Price spread now: Bitget against Hotstuff+0.005%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff BTC-PERP85,442−0.0080get 0.0010% / 1h53m 27s$8K$2K50x
ShortBitget BTCUSDT85,446.20.0100get 0.0100% / 8h7h 53m$2.98B$5.18B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hotstuff. 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
$37.8
Price spread: +0.005% → 0.000%
$0.49
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
$21.29
Costs to cover
0.170%
Break-even
3.1 days
Slippage unknown: Hotstuff: no order-book sample; Bitget: live order book, 6 min ago. 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 Hotstuff no order-book sample
Sell Bitget live order book, 6 min ago0.01 bp6.0 bp −$66.0 bp −$606.2 bp −$621doesn't fit
Hotstuff: 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
Hotstuff BTC-PERPlong−0.0080%1h85,442long leg$8K$2K50x
BloFin BTC-USDT−0.0020%8h85,391.5−0.059%$425.1M$685.3M150xas long as short
Injective BTC/USDC PERP−0.0006%1h85,417−0.029%$307K$23.1M52xas long as short
01 Exchange BTCUSD0.0000%1h85,446.2+0.005%$344K$2.3M50xas long as short
KuCoin XBTUSDTM+0.0004%8h85,438.8−0.004%$930.5M$776.7M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,439.4−0.003%$36.5M200xas long as short
Deribit BTC-PERPETUAL+0.0018%1h85,461.7+0.023%$829.8M$1.67B50xas long as short
Aster BTCUSDT+0.0025%8h85,435.9−0.007%$502.3M$1.09B200xas long as short
dYdX BTC-USD+0.0026%1h85,464.7+0.027%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0068%1h85,441.90.000%$186.4M$953.8M100xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC+0.0075%1h85,441−0.001%$2.3M$10.4M40xas long as short
BingX BTC-USDC+0.0080%8h85,418.6−0.027%$17.4Mas long as short
Lighter BTC+0.0096%1h85,432.9−0.011%$170.5M$939.8M50xas long as short
Lighter RH BTC+0.0096%1h85,437.3−0.006%$23.6M$133.5M50xas long as short
Popdex BTCUSDT+0.0096%1h85,4420.000%$8.7M$58.4M100xas long as short
Aevo BTC-PERP+0.0096%1h85,436.5−0.006%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,410−0.037%$263K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,472.9+0.036%$5.7M$9.6M50xas long as short
Nado BTC-PERP+0.0100%1h85,459.2+0.020%$24.1M$220.1M50xas long as short
Pacifica BTC+0.0100%1h85,443.2+0.001%$40.2M$604.6M50xas long as short
Binance BTCUSDT+0.0100%8h85,442.20.000%$9.41B$25.18B150xas long as short
Bybit BTCUSDT+0.0100%8h85,447.3+0.006%$5.08B$10.03B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,447.1+0.006%$2.61B$12.25B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,439−0.004%$3.8M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,449.4+0.009%$4.6M$97.6M40xas long as short
Bulk BTC-USD+0.0100%1h85,382−0.070%$697.9M$180.4M40xas long as short
Gate BTC_USDT+0.0100%8h85,422.9−0.022%$5.46B$9.83B200xas long as short
MEXC BTC_USDT+0.0100%8h85,450.2+0.010%$5.02B$5.71B500xas long as short
Bitget BTCUSDTshort+0.0100%8h85,446.2+0.005%$2.98B$5.18B150x
Backpack BTC_USDC_PERP+0.0100%1h85,428.9−0.015%$37.7M$193.7M75xas long as short
Variational Omni BTC+0.0100%8h85,356−0.101%$155.8M$547.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,324.2−0.138%$283.0M$959.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,382.2−0.070%$214.4M$157.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,354.3−0.103%$138.1M$312.8M100xas long as short
StandX BTC-USD+0.0100%1h85,441.70.000%$30.1M$217.3M40xas long as short
Vest BTC-PERP+0.0100%1h85,514.9+0.085%$9.5M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,278−0.192%$10.9M$14.9M50xas long as short
Bullet BTC-USD+0.0100%1h85,456+0.016%$200K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,436.3−0.007%$2.7M$9.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,479.3+0.044%$194K$796K40xas long as short
SunX BTC-USDT+0.0100%8h85,452.5+0.012%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,432−0.012%$59.8M$336.7M40xas long as short
HTX BTC-USDT+0.0100%8h85,430.8−0.013%$2.26B$976.5M200xas long as short
Phemex BTCUSDT+0.0100%8h85,446.7+0.006%$160.1M$517.3M150xas long as short
Extended BTC-USD+0.0104%1h85,394.1−0.056%$45.7M$241.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,419.7−0.026%$106.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,475+0.039%$111.3M$5.47B50xas long as short
Reya BTCRUSDPERP+0.0146%1h85,440−0.002%$6.6M$140.1M40xas long as short
Derive BTC-PERP+0.0170%1h85,488.3+0.054%$28.8M$49.6M15xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0148%1h85,453.3+0.013%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0181%8h85,488+0.054%$10.8M$740.5M6.4xas long as short
RISEx BTC/USDC+0.0194%1h85,457.5+0.018%$8.9M$42.9M25xas long as short
Hyperliquid BTC+0.0288%1h85,538+0.112%$3.84B$5.11B40xas long as short
Aftermath Perps BTCUSD+0.0295%1h85,406.9−0.041%$81K$247K20xas long as short
Hibachi BTC/USDT-P+0.0320%1h85,404.5−0.044%$686K$7.7M30xas long as short
Perpl BTC+0.0447%43m85,448.3+0.007%$469K$18.4M6.7xas long as short