data as of
Settings8H · net · $10k
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Funding arb /

BTC

all BTC markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC+0.0058%/8h
next payment, per $10,000+$0.07paid, last 24h+0.018%paid, last 7 days+0.031%to open and close $10k−$19
Long on StandXShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,982.30.0100pay 0.0013% / 1h2m 03s$30.8M$241.2M40x
ShortHyperliquid BTC85,9480.0158get 0.0020% / 1h2m 03s$3.88B$4.26B40x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$12.17
Slippage, 4 orders
−$2.35
Fee StandX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$7.18
Break-even
11.1 days
Slippage from StandX: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.040%
Avg gap 7d
+0.040%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

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, 4 min ago0.35 bp5.5 bp −$66.4 bp −$647.8 bp −$7769.0 bp −$4,487
Sell Hyperliquid live order book, 4 min ago0.06 bp4.9 bp −$55.5 bp −$556.7 bp −$668doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0223%43m$430K$30.5M6.7xas long as short
01 Exchange BTCUSD−0.0112%1h$278K$2.3M50xas long as short
edgeX BTCUSDC−0.0109%4h$282.8M$837.9M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$3K50xas long as short
Aftermath Perps BTCUSD−0.0080%1h$87K$149K20xas long as short
Reya BTCRUSDPERP−0.0026%1h$6.7M$137.5M40xas long as short
Phemex BTCUSDT−0.0023%8h$157.5M$389.4M150xas long as short
BingX BTC-USDT−0.0009%8h—$1.36B—as long as short
Gate BTC_USDT−0.0008%8h$6.11B$9.12B200xas long as short
Bitget BTCUSDT−0.0008%8h$2.95B$4.52B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX BTC-USD−0.0008%1h$16.7M$16.3M50xas long as short
Kalshi KXBTCPERP0.0000%8h$9.8M$541.3M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.8M—200xas long as short
SoDEX BTC-USD+0.0005%1h$61.1M$259.1M40xas long as short
Bluefin BTC-PERP+0.0010%1h$144K$403K40xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
ApeX Omni BTCUSDT+0.0018%1h$139.0M$317.6M100xas long as short
OKX BTC-USDT-SWAP+0.0036%8h$2.60B$11.24B100xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$184.6M$792.4M100xas long as short
Aster BTCUSDT+0.0045%8h$488.7M$1.09B200xas long as short
HTX BTC-USDT+0.0050%8h$2.30B$809.5M200xas long as short
KuCoin XBTUSDTM+0.0053%8h$788.8M$605.4M125xas long as short
Hibachi BTC/USDT-P+0.0072%1h$627K$7.2M30xas long as short
Bullet BTC-USD+0.0078%1h$244K$3.3M20xas long as short
Paradex BTC-USD-PERP+0.0078%8h$4.4M$6.5M50xas long as short
Popdex BTCUSDT+0.0080%1h$8.5M$43.5M100xas long as short
Aevo BTC-PERP+0.0080%1h$2.4M$1.6M20xas long as short
MEXC BTC_USDT+0.0081%8h$4.99B$4.96B500xas long as short
Binance BTCUSDT+0.0081%8h$9.59B$20.81B150xas long as short
Nado BTC-PERP+0.0095%1h$23.8M$229.9M50xas long as short
Lighter BTC+0.0096%1h$179.7M$904.6M50xas long as short
Lighter RH BTC+0.0096%1h$25.2M$138.7M50xas long as short
Katana Perps BTC-USD+0.0100%8h$184K$5.3M50xas long as short
Pacifica BTC+0.0100%1h$36.5M$331.3M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.14B$8.26B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$16.0M25xas long as short
Arcus BTC-USD+0.0100%1h$5.3M$81.3M40xas long as short
Bulk BTC-USD+0.0100%1h$540.9M$69.9M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.6M$102.8M75xas long as short
Variational Omni BTC+0.0100%8h$172.9M$488.6M—as long as short
StandX BTC-USDlong+0.0100%1h$30.8M$241.2M40x
Vest BTC-PERP+0.0100%1h—$13.3M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.9M$11.2M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$7.1M100xas long as short
Derive BTC-PERP+0.0100%1h$29.9M$57.4M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.6M100xas long as short
Extended BTC-USD+0.0104%1h$48.4M$206.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$89.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$148.8M$6.26B50xas long as short
Hyperliquid BTCshort+0.0158%1h$3.88B$4.26B40x
RISEx BTC/USDC+0.0178%1h$8.8M$38.3M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$304K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0198% / S −0.0177%1h$12.5M—200xas long as short
BloFin BTC-USDT+0.0202%8h$425.0M$510.1M150xas long as short
Deribit BTC-PERPETUAL+0.0342%1h$872.4M$1.01B50xas long as short