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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%
Price spread now: Aevo against HTX−0.001%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$310.308% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.001%, 7d avg −0.001%
Together, before fees+0.038%+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT85,5000.0100pay 0.0100% / 8h7h 37m$2.26B$973.0M200x
ShortAevo BTC-PERP85,499.50.0096get 0.0012% / 1h37m 36s$2.4M$6.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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: −0.001% → −0.001%
$0.08
Slippage, 4 orders
−$2.8
Fee HTX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$31.56
Costs to cover
0.308%
Break-even
never at this rate
Slippage from HTX: live order book, 2 min ago; Aevo: live order book, 2 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 HTX live order book, 2 min ago0.01 bp6.0 bp −$66.0 bp −$606.2 bp −$6177.8 bp −$3,900
Sell Aevo live order book, 2 min ago0.76 bp8.8 bp −$910.9 bp −$10914.1 bp −$1,405doesn'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
Bluefin BTC-PERP−0.2014%1h85,561.5+0.072%$194K$796K40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,510+0.012%$8K$2K50xas long as short
BloFin BTC-USDT−0.0020%8h85,480.2−0.023%$423.0M$682.1M150xas long as short
Injective BTC/USDC PERP−0.0006%1h85,438−0.073%$307K$24.3M52xas long as short
01 Exchange BTCUSD0.0000%1h85,528.1+0.033%$346K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,523.9+0.028%$36.6M200xas long as short
KuCoin XBTUSDTM+0.0013%8h85,516+0.019%$939.2M$777.8M125xas long as short
Aster BTCUSDT+0.0032%8h85,506+0.007%$503.0M$1.08B200xas long as short
dYdX BTC-USD+0.0055%1h85,512+0.014%$16.8M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0068%1h85,528.9+0.034%$186.4M$946.9M100xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC+0.0075%1h85,484−0.019%$2.3M$10.4M40xas long as short
BingX BTC-USDT+0.0080%8h85,517.9+0.021%$1.57Bas long as short
Lighter BTC+0.0096%1h85,529.5+0.035%$170.7M$944.0M50xas long as short
Lighter RH BTC+0.0096%1h85,532+0.037%$23.6M$134.2M50xas long as short
Popdex BTCUSDT+0.0096%1h85,516+0.019%$8.7M$58.5M100xas long as short
Aevo BTC-PERPshort+0.0096%1h85,499.5−0.001%$2.4M$6.7M20x
Nado BTC-PERP+0.0098%1h85,491.7−0.010%$24.1M$217.4M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,499−0.001%$266K$8.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,556.5+0.066%$5.7M$9.6M50xas long as short
Pacifica BTC+0.0100%1h85,545.5+0.053%$40.5M$604.9M50xas long as short
Binance BTCUSDT+0.0100%8h85,517.1+0.020%$9.41B$25.11B150xas long as short
Bybit BTCUSDT+0.0100%8h85,515.6+0.018%$5.09B$10.00B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,520.1+0.024%$2.61B$12.18B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,534+0.040%$3.9M$17.4M25xas long as short
Arcus BTC-USD+0.0100%1h85,531.2+0.036%$4.7M$97.5M40xas long as short
Bulk BTC-USD+0.0100%1h85,499.90.000%$701.6M$160.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,524.7+0.029%$5.51B$9.89B200xas long as short
MEXC BTC_USDT+0.0100%8h85,516.4+0.019%$5.05B$5.74B500xas long as short
Bitget BTCUSDT+0.0100%8h85,515.2+0.018%$2.98B$5.16B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,513.7+0.016%$37.8M$193.7M75xas long as short
Variational Omni BTC+0.0100%8h85,426.7−0.086%$156.0M$543.6Mas long as short
edgeX BTCUSDC+0.0100%4h85,465.2−0.041%$283.4M$960.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,417.2−0.097%$214.5M$154.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,433.9−0.077%$136.7M$312.2M100xas long as short
StandX BTC-USD+0.0100%1h85,470.7−0.034%$30.1M$218.8M40xas long as short
Vest BTC-PERP+0.0100%1h85,577.7+0.091%$10.5M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,510+0.012%$10.9M$14.8M50xas long as short
Bullet BTC-USD+0.0100%1h85,522+0.026%$198K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,511.5+0.013%$2.7M$9.9M100xas long as short
SunX BTC-USDT+0.0100%8h85,502.5+0.003%$3.0M$6.8M100xas long as short
SoDEX BTC-USD+0.0100%1h85,508+0.009%$59.8M$336.5M40xas long as short
HTX BTC-USDTlong+0.0100%8h85,500long leg$2.26B$973.0M200x
Phemex BTCUSDT+0.0100%8h85,523.5+0.027%$161.8M$517.4M150xas long as short
Extended BTC-USD+0.0104%1h85,493.4−0.008%$45.8M$241.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,486.6−0.016%$107.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,559+0.069%$111.7M$5.46B50xas long as short
Reya BTCRUSDPERP+0.0148%1h85,501.7+0.002%$6.6M$138.6M40xas long as short
Derive BTC-PERP+0.0161%1h85,508.7+0.010%$28.9M$52.4M15xas long as short
Hyperliquid BTC+0.0173%1h85,604+0.122%$3.84B$5.13B40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0148%1h85,520.3+0.024%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0193%8h85,523+0.027%$10.6M$738.3M6.4xas long as short
RISEx BTC/USDC+0.0194%1h85,542.7+0.050%$8.9M$42.6M25xas long as short
Deribit BTC-PERPETUAL+0.0256%1h85,565.8+0.077%$828.0M$1.66B50xas long as short
Aftermath Perps BTCUSD+0.0308%1h85,508.9+0.010%$81K$248K20xas long as short
Hibachi BTC/USDT-P+0.0352%1h85,487.4−0.015%$688K$7.7M30xas long as short
Perpl BTC+0.0447%43m85,524.3+0.028%$466K$18.1M6.7xas long as short