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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Extended against Jupiter Perps−0.059%7-day average −0.042% · you buy dearer than you sell
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)−0.004%$0 on $10k
Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.059%, 7d avg −0.042%
Together, before fees+0.027%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps WBTC-PERP85,853.5L +0.0104% / S +0.0056%pay 0.0013% / 1h10m 24s$105.9M500x
ShortExtended BTC-USD85,802.90.0104get 0.0013% / 1h10m 24s$44.3M$226.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Jupiter Perps. 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
Price spread: −0.059% → −0.042%
−$1.73
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$18.73
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Extended: live order book, 4 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 Jupiter Perps no order-book sample
Sell Extended live order book, 4 min ago0.06 bp2.6 bp −$32.6 bp −$263.1 bp −$3078.7 bp −$4,375
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
Bluefin BTC-PERP−0.0589%1h85,861.4+0.009%$197K$721K40xas long as short
Phoenix BTC−0.0160%1h85,728−0.146%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,856+0.003%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h85,840.2−0.015%$369K$2.3M50xas long as short
BloFin BTC-USDT−0.0033%8h85,822.6−0.036%$418.0M$666.5M150xas long as short
dYdX BTC-USD0.0000%1h85,840.8−0.015%$16.8M$21.2M50xas long as short
KuCoin XBTUSDTM+0.0004%8h85,827−0.031%$920.4M$751.5M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,832.4−0.025%$36.7M200xas long as short
Nado BTC-PERP+0.0012%1h85,842.5−0.013%$22.7M$219.5M50xas long as short
Aster BTCUSDT+0.0020%8h85,823.8−0.035%$517.0M$1.10B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0057%8h85,807.9−0.053%$17.0Mas long as short
Bitget BTCUSDT+0.0072%8h85,825.3−0.033%$2.96B$5.01B150xas long as short
Reya BTCRUSDPERP+0.0073%1h85,817.5−0.042%$6.7M$146.5M40xas long as short
Phemex BTCUSDT+0.0075%8h85,822.2−0.036%$149.1M$479.8M150xas long as short
Injective BTC/USDC PERP+0.0079%1h85,807−0.054%$341K$26.9M52xas long as short
Aevo BTC-PERP+0.0080%1h85,821.8−0.037%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0087%8h85,823.9−0.034%$5.08B$5.65B500xas long as short
Binance BTCUSDT+0.0087%8h85,825.7−0.032%$9.36B$23.87B150xas long as short
HTX BTC-USDT+0.0090%8h85,812.5−0.048%$2.27B$936.0M200xas long as short
SoDEX BTC-USD+0.0096%1h85,830−0.027%$60.1M$336.2M40xas long as short
Lighter BTC+0.0096%1h85,850.8−0.003%$174.8M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,852−0.002%$24.0M$149.5M50xas long as short
Popdex BTCUSDT+0.0096%1h85,842−0.013%$8.4M$52.2M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,882.4+0.034%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,814−0.046%$198K$7.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,901+0.055%$3.75B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,872.8+0.023%$40.2M$577.3M50xas long as short
Bybit BTCUSDT+0.0100%8h85,826.5−0.031%$5.34B$9.57B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,835.7−0.021%$2.58B$12.13B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,827−0.031%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h85,817.6−0.042%$6.8M$97.5M40xas long as short
Bulk BTC-USD+0.0100%1h85,800.8−0.061%$635.6M$478.1M40xas long as short
Gate BTC_USDT+0.0100%8h85,826.3−0.032%$5.56B$10.56B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,822.9−0.036%$35.4M$172.9M75xas long as short
Variational Omni BTC+0.0100%8h85,777.2−0.089%$157.4M$555.4Mas long as short
edgeX BTCUSDC+0.0100%4h85,749.7−0.121%$280.1M$916.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,776.3−0.090%$215.4M$165.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,774.1−0.092%$140.3M$314.6M100xas long as short
StandX BTC-USD+0.0100%1h85,793.6−0.070%$30.3M$208.9M40xas long as short
Vest BTC-PERP+0.0100%1h85,874.5+0.024%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,832−0.025%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,830.5−0.027%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,815.5−0.044%$2.4M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,819.1−0.040%$30.1M$50.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,819.1−0.040%$2.9M$6.1M100xas long as short
Extended BTC-USDshort+0.0104%1h85,802.9−0.059%$44.3M$226.7M50x
Jupiter Perps WBTC-PERPlongL +0.0104% / S +0.0056%1h85,853.5long leg$105.9M500x
Coinbase International BTC-PERP-INTX+0.0112%1h85,868+0.017%$125.9M$5.11B50xas long as short
RISEx BTC/USDC+0.0120%1h85,869.5+0.019%$8.4M$42.2M25xas long as short
Kraken Futures PF_XBTUSD+0.0138%1h85,865.1+0.014%$189.5M$952.9M100xas long as short
Deribit BTC-PERPETUAL+0.0172%1h85,879.4+0.030%$891.4M$1.53B50xas long as short
Hibachi BTC/USDT-P+0.0192%1h85,840.9−0.015%$704K$7.8M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0178%1h85,831.6−0.025%$13.6M200xas long as short
Aftermath Perps BTCUSD+0.0203%1h85,809.3−0.051%$78K$219K20xas long as short
Kalshi KXBTCPERP+0.0219%8h85,811−0.049%$10.6M$758.2M6.4xas long as short
Perpl BTC+0.0447%43m85,848.1−0.006%$503K$19.3M6.7xas long as short