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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: HTX against StandX+0.017%45s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$230.228% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.054%−$5 on $10k
Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.017%, 7d avg −0.005%
Together, before fees−0.102%+ Points / potential airdropStandX: Active · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.022% dearer against StandX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,300.80.0100pay 0.0013% / 1h54m 31s$30.1M$208.5M40x
ShortHTX BTC-USDT85,315.50.0100get 0.0100% / 8h54m 31s$2.26B$964.2M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$0
Price spread: +0.017% → −0.005%
$2.24
Slippage, 4 orders
−$2.84
Fee StandX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$20.6
Costs to cover
0.228%
Break-even
never at this rate
Slippage from StandX: live order book, 5 min ago; HTX: live order book, 5 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, 5 min ago0.64 bp5.2 bp −$56.5 bp −$658.3 bp −$8269.7 bp −$4,866
Sell HTX live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.6 bp −$6599.6 bp −$4,801

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−0.0082%1h85,409+0.127%$2.3M$10.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,330+0.034%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0030%8h85,326+0.029%$928.1M$773.2M125xas long as short
BloFin BTC-USDT−0.0024%8h85,331+0.035%$421.4M$681.0M150xas long as short
Aster BTCUSDT−0.0005%8h85,338.9+0.045%$512.3M$1.08B200xas long as short
dYdX BTC-USD0.0000%1h85,332.1+0.037%$16.7M$21.0M50xas long as short
Perpl BTC0.0000%43m85,370.4+0.082%$491K$18.3M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,330.9+0.035%$36.5M200xas long as short
01 Exchange BTCUSD+0.0016%1h85,357.7+0.067%$351K$2.4M50xas long as short
Kraken Futures PF_XBTUSD+0.0026%1h85,343.5+0.050%$185.5M$951.7M100xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni BTCUSDT+0.0030%1h85,327.1+0.031%$139.5M$313.0M100xas long as short
Deribit BTC-PERPETUAL+0.0048%1h85,360.5+0.070%$846.1M$1.65B50xas long as short
Injective BTC/USDC PERP+0.0067%1h85,367+0.078%$338K$24.6M52xas long as short
BingX BTC-USDC+0.0071%8h85,338.4+0.044%$17.4Mas long as short
Bybit BTCUSDT+0.0087%8h85,337.1+0.043%$5.14B$9.98B150xas long as short
Bitget BTCUSDT+0.0091%8h85,339+0.045%$2.96B$5.17B150xas long as short
Lighter BTC+0.0096%1h85,339.4+0.045%$169.2M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,340.7+0.047%$23.6M$147.5M50xas long as short
Popdex BTCUSDT+0.0096%1h85,346+0.053%$8.4M$57.3M100xas long as short
MEXC BTC_USDT+0.0096%8h85,333+0.038%$5.03B$5.71B500xas long as short
Aevo BTC-PERP+0.0096%1h85,316.2+0.018%$2.4M$6.7M20xas long as short
Binance BTCUSDT+0.0096%8h85,348+0.055%$9.42B$24.97B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,334+0.039%$273K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,395.5+0.111%$5.8M$9.5M50xas long as short
Nado BTC-PERP+0.0100%1h85,333.2+0.038%$24.1M$219.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,425+0.146%$3.74B$5.06B40xas long as short
Pacifica BTC+0.0100%1h85,362.9+0.073%$39.9M$605.4M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,343.4+0.050%$2.60B$12.19B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,345+0.052%$3.8M$17.1M25xas long as short
Arcus BTC-USD+0.0100%1h85,358.6+0.068%$5.1M$96.0M40xas long as short
Bulk BTC-USD+0.0100%1h85,324.1+0.027%$690.8M$302.3M40xas long as short
Gate BTC_USDT+0.0100%8h85,352.1+0.060%$5.53B$10.98B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,333.1+0.038%$37.2M$184.3M75xas long as short
Variational Omni BTC+0.0100%8h85,296−0.006%$156.1M$556.1Mas long as short
edgeX BTCUSDC+0.0100%4h85,321.4+0.024%$279.5M$951.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,336.7+0.042%$214.2M$158.7M50xas long as short
StandX BTC-USDlong+0.0100%1h85,300.8long leg$30.1M$208.5M40x
Vest BTC-PERP+0.0100%1h85,404+0.121%$9.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,350+0.058%$11.0M$14.6M50xas long as short
Bullet BTC-USD+0.0100%1h85,322.6+0.025%$197K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,327.4+0.031%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,357.2+0.066%$194K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,325.8+0.029%$30.0M$46.2M15xas long as short
SunX BTC-USDT+0.0100%8h85,322.3+0.025%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,331+0.035%$59.7M$336.6M40xas long as short
HTX BTC-USDTshort+0.0100%8h85,315.5+0.017%$2.26B$964.2M200x
Phemex BTCUSDT+0.0100%8h85,338.2+0.044%$157.3M$512.9M150xas long as short
Extended BTC-USD+0.0104%1h85,327+0.031%$45.5M$241.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,290−0.013%$104.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,359.7+0.069%$112.9M$5.47B50xas long as short
Reya BTCRUSDPERP+0.0136%1h85,329+0.033%$6.6M$146.9M40xas long as short
Kalshi KXBTCPERP+0.0171%8h85,333+0.038%$12.0M$738.0M6.4xas long as short
RISEx BTC/USDC+0.0174%1h85,375+0.087%$8.7M$42.7M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0147%1h85,328.2+0.032%$13.0M200xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,341.3+0.047%$684K$7.8M30xas long as short
Aftermath Perps BTCUSD+0.0287%1h85,370.4+0.082%$79K$247K20xas long as short