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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.018%
Price spread now: KuCoin against Jupiter Perps−0.011%7-day average −0.014% · 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)−0.058%−$6 on $10k
Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.011%, 7d avg −0.014%
Together, before fees−0.055%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps WBTC-PERP85,419.3L +0.0104% / S +0.0056%pay 0.0013% / 1h38m 23s$107.0M500x
ShortKuCoin XBTUSDTM85,409.8−0.0009pay 0.0009% / 8h4h 38m$919.1M$750.7M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$23.73
Price spread: −0.011% → −0.014%
$0.24
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$47.49
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; KuCoin: 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 Jupiter Perps no order-book sample
Sell KuCoin live order book, 6 min ago0.01 bp6.2 bp −$68.0 bp −$8010.1 bp −$1,008doesn't fit
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−0.0256%1h85,483.2+0.075%$207K$739K40xas long as short
Phoenix BTC−0.0179%1h85,385−0.040%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,395−0.028%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,429.7+0.012%$366K$2.3M50xas long as short
BloFin BTC-USDT−0.0030%8h85,363.3−0.066%$416.0M$665.1M150xas long as short
KuCoin XBTUSDTMshort−0.0009%8h85,409.8−0.011%$919.1M$750.7M125x
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,448.8+0.034%$36.5M200xas long as short
Aster BTCUSDT+0.0011%8h85,426+0.008%$514.8M$1.10B200xas long as short
dYdX BTC-USD+0.0019%1h85,384.6−0.041%$16.7M$21.3M50xas long as short
Arcus BTC-USD+0.0021%1h85,398.8−0.024%$6.9M$97.3M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0060%8h85,437.2+0.021%$1.54Bas long as short
Nado BTC-PERP+0.0062%1h85,437.7+0.021%$25.7M$220.8M50xas long as short
Bitget BTCUSDT+0.0076%8h85,438+0.022%$2.95B$5.03B150xas long as short
Reya BTCRUSDPERP+0.0079%1h85,433.1+0.016%$6.7M$146.7M40xas long as short
Aevo BTC-PERP+0.0088%1h85,432.5+0.015%$2.4M$1.7M20xas long as short
MEXC BTC_USDT+0.0090%8h85,437.8+0.022%$5.05B$5.60B500xas long as short
Binance BTCUSDT+0.0091%8h85,438.8+0.023%$9.35B$24.06B150xas long as short
Lighter BTC+0.0096%1h85,382.6−0.043%$172.7M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,395−0.028%$23.7M$148.6M50xas long as short
Popdex BTCUSDT+0.0096%1h85,439+0.023%$8.4M$52.7M100xas long as short
Phemex BTCUSDT+0.0099%8h85,363−0.066%$149.3M$484.4M150xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,447.2+0.033%$4.3M$8.6M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,391−0.033%$217K$8.0M50xas long as short
Hyperliquid BTC+0.0100%1h85,511+0.107%$3.74B$4.97B40xas long as short
Pacifica BTC+0.0100%1h85,416.4−0.003%$40.0M$578.1M50xas long as short
Bybit BTCUSDT+0.0100%8h85,427.8+0.010%$5.23B$9.72B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,445.1+0.030%$2.58B$12.10B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,388−0.037%$3.9M$18.0M25xas long as short
Gate BTC_USDT+0.0100%8h85,439.6+0.024%$5.52B$10.63B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,358.3−0.071%$35.7M$176.2M75xas long as short
Variational Omni BTC+0.0100%8h85,453.7+0.040%$153.6M$563.4Mas long as short
edgeX BTCUSDC+0.0100%4h85,527.2+0.126%$279.4M$916.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,454+0.041%$214.5M$169.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,439.1+0.023%$139.7M$314.2M100xas long as short
StandX BTC-USD+0.0100%1h85,454.6+0.041%$30.2M$207.7M40xas long as short
Vest BTC-PERP+0.0100%1h85,477.4+0.068%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,432+0.015%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,439.4+0.023%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,438.5+0.022%$2.5M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h85,439.7+0.024%$29.9M$51.0M15xas long as short
SunX BTC-USDT+0.0100%8h85,414.5−0.006%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,429+0.011%$59.9M$336.1M40xas long as short
HTX BTC-USDT+0.0100%8h85,357.3−0.073%$2.26B$940.8M200xas long as short
Bulk BTC-USD+0.0100%1h85,513.6+0.110%$649.6M$594.9M40xas long as short
Extended BTC-USD+0.0104%1h85,401.3−0.021%$44.5M$226.5M50xas long as short
Jupiter Perps WBTC-PERPlongL +0.0104% / S +0.0056%1h85,419.3long leg$107.0M500x
Coinbase International BTC-PERP-INTX+0.0104%1h85,402.1−0.020%$116.9M$5.16B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,539+0.140%$340K$26.9M52xas long as short
Deribit BTC-PERPETUAL+0.0169%1h85,475.5+0.066%$894.2M$1.53B50xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,442.4+0.027%$188.4M$954.7M100xas long as short
RISEx BTC/USDC+0.0194%1h85,444.5+0.030%$8.3M$42.4M25xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,468.9+0.058%$692K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0200%1h85,489.2+0.082%$78K$219K20xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0177%1h85,444.9+0.030%$13.4M200xas long as short
Kalshi KXBTCPERP+0.0217%8h85,484+0.076%$10.4M$758.7M6.4xas long as short
Perpl BTC+0.0447%43m85,388.1−0.037%$499K$18.9M6.7xas long as short