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−0.0011%/8h= −1.2% APRpaid last 24h −0.005%
Price spread now: MEXC against StandX−0.095%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$150.151% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.034%−$3 on $10k
Price spread, last 7 days+0.096%+$10 · spread now −0.095%, 7d avg +0.004%
Together, before fees+0.062%+ Points / potential airdropStandX: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.099% cheaper against StandX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,4500.0100pay 0.0013% / 1h39m 13s$30.2M$207.6M40x
ShortMEXC BTC_USDT85,368.50.0089get 0.0089% / 8h4h 39m$5.04B$5.59B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
−$2.31
Price spread: −0.095% → +0.004%
−$9.91
Slippage, 4 orders
−$3.12
Fee StandX: 4 bp × 2 orders
−$8
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$27.34
Costs to cover
0.151%
Break-even
never at this rate
Slippage from StandX: live order book, 5 min ago; MEXC: 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 ago0.94 bp4.9 bp −$55.5 bp −$557.2 bp −$7188.6 bp −$4,276
Sell MEXC live order book, 5 min ago0.01 bp2.0 bp −$22.0 bp −$202.0 bp −$2012.4 bp −$1,206

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−0.0311%1h85,405.2−0.052%$206K$739K40xas long as short
Phoenix BTC−0.0179%1h85,385−0.076%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,449−0.001%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,416.2−0.040%$366K$2.3M50xas long as short
BloFin BTC-USDT−0.0030%8h85,363.3−0.101%$416.0M$665.1M150xas long as short
KuCoin XBTUSDTM−0.0008%8h85,398.5−0.060%$918.6M$750.4M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,435.4−0.017%$36.5M200xas long as short
Aster BTCUSDT+0.0012%8h85,403−0.055%$514.7M$1.10B200xas long as short
dYdX BTC-USD+0.0019%1h85,483.8+0.040%$16.7M$21.2M50xas long as short
Arcus BTC-USD+0.0021%1h85,398.2−0.061%$6.9M$97.2M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0060%8h85,419.6−0.036%$17.1Mas long as short
Nado BTC-PERP+0.0061%1h85,422.1−0.033%$22.9M$219.1M50xas long as short
Bitget BTCUSDT+0.0076%8h85,363−0.102%$2.95B$5.03B150xas long as short
Reya BTCRUSDPERP+0.0079%1h85,418.9−0.036%$6.7M$146.7M40xas long as short
Aevo BTC-PERP+0.0088%1h85,359.3−0.106%$2.4M$1.7M20xas long as short
MEXC BTC_USDTshort+0.0089%8h85,368.5−0.095%$5.04B$5.59B500x
Binance BTCUSDT+0.0090%8h85,372.8−0.090%$9.34B$24.05B150xas long as short
Lighter BTC+0.0096%1h85,372.8−0.090%$172.7M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h85,379.4−0.083%$23.7M$148.6M50xas long as short
Popdex BTCUSDT+0.0096%1h85,434−0.019%$8.4M$52.7M100xas long as short
Phemex BTCUSDT+0.0099%8h85,363−0.102%$149.3M$484.4M150xas long as short
Katana Perps BTC-USD+0.0100%8h85,393−0.067%$225K$8.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,487+0.043%$4.2M$8.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,500+0.059%$3.74B$4.97B40xas long as short
Pacifica BTC+0.0100%1h85,489+0.046%$40.1M$578.1M50xas long as short
Bybit BTCUSDT+0.0100%8h85,364.9−0.100%$5.24B$9.71B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,371.7−0.092%$2.58B$12.09B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,421−0.034%$3.9M$18.0M25xas long as short
Gate BTC_USDT+0.0100%8h85,425.3−0.029%$5.53B$10.62B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,438.4−0.014%$35.7M$176.2M75xas long as short
Variational Omni BTC+0.0100%8h85,453.7+0.004%$153.6M$563.4Mas long as short
edgeX BTCUSDC+0.0100%4h85,527.2+0.090%$279.4M$916.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,454+0.005%$214.5M$169.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,439.1−0.013%$139.7M$314.2M100xas long as short
StandX BTC-USDlong+0.0100%1h85,450long leg$30.2M$207.6M40x
Vest BTC-PERP+0.0100%1h85,487.6+0.044%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,429−0.025%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,429−0.025%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,380−0.082%$2.4M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,362.6−0.102%$29.9M$50.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,445.9−0.005%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,363−0.102%$59.8M$336.1M40xas long as short
HTX BTC-USDT+0.0100%8h85,357.3−0.108%$2.26B$940.8M200xas long as short
Bulk BTC-USD+0.0100%1h85,513.6+0.074%$649.6M$594.9M40xas long as short
Extended BTC-USD+0.0104%1h85,337.5−0.132%$44.5M$226.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,434.4−0.018%$106.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,402.1−0.056%$116.9M$5.16B50xas long as short
Deribit BTC-PERPETUAL+0.0148%1h85,409.3−0.048%$894.0M$1.53B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,539+0.104%$340K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0171%1h85,378.1−0.084%$188.2M$954.4M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0153%1h85,436.8−0.015%$13.4M200xas long as short
RISEx BTC/USDC+0.0194%1h85,443.8−0.007%$8.3M$42.4M25xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,536.6+0.101%$692K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0200%1h85,508+0.068%$78K$219K20xas long as short
Kalshi KXBTCPERP+0.0217%8h85,484+0.040%$10.4M$758.7M6.4xas long as short
Perpl BTC+0.0447%43m85,467.1+0.020%$497K$18.9M6.7xas long as short