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−0.0022%/8h= −2.4% APRpaid last 24h −0.016%
Price spread now: Bitget against StandX−0.034%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$220.222% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 7 days+0.039%+$4 · spread now −0.034%, 7d avg +0.003%
Together, before fees−0.019%+ Points / potential airdropStandX: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.037% cheaper against StandX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,5120.0100pay 0.0013% / 1h21m 53s$30.2M$208.2M40x
ShortBitget BTCUSDT85,482.80.0078get 0.0078% / 8h4h 21m$2.95B$5.07B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against StandX. 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
−$4.62
Price spread: −0.034% → +0.003%
−$3.72
Slippage, 4 orders
−$2.24
Fee StandX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$30.58
Costs to cover
0.222%
Break-even
never at this rate
Slippage from StandX: live order book, 2 min ago; Bitget: 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 StandX live order book, 2 min ago0.76 bp4.8 bp −$55.8 bp −$588.1 bp −$8129.5 bp −$4,746
Sell Bitget live order book, 2 min ago0.01 bp6.0 bp −$66.0 bp −$606.8 bp −$6818.0 bp −$4,023

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%1h85,485−0.032%$2.1M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,531+0.022%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0056%1h85,513.8+0.002%$365K$2.3M50xas long as short
BloFin BTC-USDT−0.0023%8h85,519.6+0.009%$417.1M$667.7M150xas long as short
KuCoin XBTUSDTM−0.0021%8h85,462.2−0.058%$918.4M$751.4M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,519.4+0.009%$36.5M200xas long as short
Aster BTCUSDT+0.0013%8h85,479−0.039%$515.3M$1.10B200xas long as short
dYdX BTC-USD+0.0014%1h85,497.7−0.017%$16.7M$21.2M50xas long as short
Nado BTC-PERP+0.0021%1h85,494.8−0.020%$25.4M$222.3M50xas long as short
Arcus BTC-USD+0.0021%1h85,498−0.016%$4.4M$98.0M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0062%8h85,474.7−0.044%$17.1Mas long as short
Phemex BTCUSDT+0.0073%8h85,492.1−0.023%$147.6M$487.6M150xas long as short
Bitget BTCUSDTshort+0.0078%8h85,482.8−0.034%$2.95B$5.07B150x
Reya BTCRUSDPERP+0.0083%1h85,496−0.019%$6.7M$146.7M40xas long as short
Lighter BTC+0.0096%1h85,511.2−0.001%$172.9M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,511.70.000%$23.9M$149.2M50xas long as short
Popdex BTCUSDT+0.0096%1h85,521+0.011%$8.4M$52.9M100xas long as short
MEXC BTC_USDT+0.0096%8h85,489.5−0.026%$5.06B$5.64B500xas long as short
Aevo BTC-PERP+0.0096%1h85,513.3+0.002%$2.5M$1.7M20xas long as short
Binance BTCUSDT+0.0097%8h85,492.1−0.023%$9.36B$24.14B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,484−0.033%$210K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,563.2+0.060%$4.9M$9.0M50xas long as short
Hyperliquid BTC+0.0100%1h85,560+0.056%$3.75B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,534.7+0.027%$40.7M$580.0M50xas long as short
Bybit BTCUSDT+0.0100%8h85,482.9−0.034%$5.21B$9.79B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,480−0.037%$2.58B$12.13B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,505−0.008%$3.8M$18.2M25xas long as short
Bulk BTC-USD+0.0100%1h85,516+0.005%$659.1M$647.8M40xas long as short
Gate BTC_USDT+0.0100%8h85,494.3−0.021%$5.51B$10.73B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,476.2−0.042%$35.7M$176.6M75xas long as short
Variational Omni BTC+0.0100%8h85,455.5−0.066%$153.7M$564.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,482.9−0.034%$279.2M$920.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,448.2−0.075%$214.5M$169.2M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,521.5+0.011%$139.8M$314.7M100xas long as short
StandX BTC-USDlong+0.0100%1h85,512long leg$30.2M$208.2M40x
Vest BTC-PERP+0.0100%1h85,567.9+0.065%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,513+0.001%$11.1M$14.3M50xas long as short
Bullet BTC-USD+0.0100%1h85,505.6−0.007%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,518.4+0.007%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,556.7+0.052%$207K$738K40xas long as short
Derive BTC-PERP+0.0100%1h85,511.90.000%$29.9M$50.4M15xas long as short
SunX BTC-USDT+0.0100%8h85,493.9−0.021%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,506−0.007%$59.9M$336.2M40xas long as short
HTX BTC-USDT+0.0100%8h85,511−0.001%$2.26B$942.5M200xas long as short
Extended BTC-USD+0.0104%1h85,464.3−0.056%$44.7M$230.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,530.3+0.021%$107.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,540.9+0.034%$117.1M$5.19B50xas long as short
Deribit BTC-PERPETUAL+0.0116%1h85,548.3+0.042%$884.7M$1.57B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,475−0.043%$339K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,524.4+0.015%$187.6M$955.0M100xas long as short
RISEx BTC/USDC+0.0194%1h85,542.1+0.035%$8.2M$42.5M25xas long as short
Aftermath Perps BTCUSD+0.0198%1h85,522+0.012%$78K$219K20xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0177%1h85,518.9+0.008%$13.4M200xas long as short
Hibachi BTC/USDT-P+0.0208%1h85,554.3+0.049%$703K$7.9M30xas long as short
Kalshi KXBTCPERP+0.0218%8h85,538+0.030%$10.3M$756.6M6.4xas long as short
Perpl BTC+0.0447%43m85,532.4+0.024%$500K$18.8M6.7xas long as short