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+0.0116%/8h= +12.7% APRpaid last 24h +0.015%
Price spread now: Aftermath Perps against OKX+0.074%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$300.299% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.044%+$4 on $10k
Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.074%, 7d avg +0.026%
Together, before fees+0.113%+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aftermath Perps is 0.048% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BTC-USDT-SWAP85,468.50.0100pay 0.0100% / 8h4h 20m$2.58B$12.13B100x
ShortAftermath Perps BTCUSD85,532.20.0216get 0.0027% / 1h20m 24s$78K$219K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against OKX. 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
$24.4
Price spread: +0.074% → +0.026%
$4.82
Slippage, 4 orders
−$10.93
Fee OKX: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$0.71
Costs to cover
0.299%
Break-even
7.2 days
Slippage from OKX: live order book, 4 min ago; Aftermath Perps: live order book, 39 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 OKX live order book, 4 min ago0.01 bp5.0 bp −$55.0 bp −$505.6 bp −$5587.2 bp −$3,603
Sell Aftermath Perps live order book, 39 min ago1.00 bp9.8 bp −$10doesn't fitdoesn't fitdoesn'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
Phoenix BTC−0.0179%1h85,530+0.072%$2.1M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,477+0.010%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0056%1h85,454.9−0.016%$365K$2.3M50xas long as short
BloFin BTC-USDT−0.0022%8h85,466.9−0.002%$416.3M$667.3M150xas long as short
KuCoin XBTUSDTM−0.0022%8h85,432.1−0.043%$918.2M$751.7M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,468.60.000%$36.5M200xas long as short
Aster BTCUSDT+0.0011%8h85,468.80.000%$515.3M$1.10B200xas long as short
dYdX BTC-USD+0.0014%1h85,497.7+0.034%$16.7M$21.2M50xas long as short
Nado BTC-PERP+0.0019%1h85,477.5+0.010%$25.3M$222.3M50xas long as short
Arcus BTC-USD+0.0021%1h85,470.3+0.002%$4.4M$98.1M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0062%8h85,461.3−0.008%$1.54Bas long as short
Phemex BTCUSDT+0.0076%8h85,466.8−0.002%$147.6M$488.0M150xas long as short
Bitget BTCUSDT+0.0078%8h85,454.6−0.016%$2.95B$5.07B150xas long as short
Reya BTCRUSDPERP+0.0083%1h85,445.4−0.027%$6.7M$146.8M40xas long as short
Lighter BTC+0.0096%1h85,492+0.027%$172.5M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,499.4+0.036%$23.9M$149.2M50xas long as short
Popdex BTCUSDT+0.0096%1h85,456−0.015%$8.4M$52.9M100xas long as short
Aevo BTC-PERP+0.0096%1h85,455.1−0.016%$2.4M$1.7M20xas long as short
MEXC BTC_USDT+0.0097%8h85,459.5−0.011%$5.06B$5.64B500xas long as short
Binance BTCUSDT+0.0098%8h85,461.9−0.008%$9.36B$24.15B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,438−0.036%$210K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,553.3+0.099%$4.9M$9.0M50xas long as short
Hyperliquid BTC+0.0100%1h85,535+0.078%$3.74B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,513.2+0.052%$40.7M$580.0M50xas long as short
Bybit BTCUSDT+0.0100%8h85,455.8−0.015%$5.21B$9.79B150xas long as short
OKX BTC-USDT-SWAPlong+0.0100%8h85,468.5long leg$2.58B$12.13B100x
Ondo Perps BTC-USD.P+0.0100%1h85,467−0.002%$3.9M$18.2M25xas long as short
Bulk BTC-USD+0.0100%1h85,516+0.056%$659.1M$647.8M40xas long as short
Gate BTC_USDT+0.0100%8h85,458.7−0.011%$5.51B$10.73B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,454−0.017%$35.7M$176.6M75xas long as short
Variational Omni BTC+0.0100%8h85,443.5−0.029%$153.4M$565.7Mas long as short
edgeX BTCUSDC+0.0100%4h85,504+0.042%$279.3M$921.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,513.1+0.052%$214.6M$168.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,521.5+0.062%$139.8M$314.7M100xas long as short
StandX BTC-USD+0.0100%1h85,512.1+0.051%$30.2M$208.2M40xas long as short
Vest BTC-PERP+0.0100%1h85,518.2+0.058%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,446−0.026%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,458.7−0.011%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,458.2−0.012%$2.4M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,497.9+0.034%$207K$738K40xas long as short
Derive BTC-PERP+0.0100%1h85,454−0.017%$29.9M$50.4M15xas long as short
SunX BTC-USDT+0.0100%8h85,438.9−0.035%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,470+0.002%$59.9M$336.2M40xas long as short
HTX BTC-USDT+0.0100%8h85,475+0.008%$2.26B$942.5M200xas long as short
Extended BTC-USD+0.0104%1h85,465.9−0.003%$44.5M$230.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,465.2−0.004%$107.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,500.1+0.037%$117.2M$5.19B50xas long as short
Deribit BTC-PERPETUAL+0.0107%1h85,515+0.054%$884.3M$1.58B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,475+0.008%$339K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,481.9+0.016%$187.6M$955.1M100xas long as short
RISEx BTC/USDC+0.0194%1h85,506+0.044%$8.2M$42.5M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0177%1h85,466.4−0.002%$13.4M200xas long as short
Hibachi BTC/USDT-P+0.0216%1h85,549.5+0.095%$703K$7.9M30xas long as short
Aftermath Perps BTCUSDshort+0.0216%1h85,532.2+0.074%$78K$219K20x
Kalshi KXBTCPERP+0.0218%8h85,495+0.031%$10.3M$756.4M6.4xas long as short
Perpl BTC+0.0447%43m85,478.3+0.011%$498K$18.8M6.7xas long as short