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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Pacifica against StandX+0.026%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.188% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 7 days−0.009%−$1 · spread now +0.026%, 7d avg +0.029%
Together, before fees−0.002%+ Points / potential airdropStandX: Active · Pacifica: Active · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD86,1710.0100pay 0.0013% / 1h59m 07s$30.3M$212.5M40x
ShortPacifica BTC86,193.20.0100get 0.0013% / 1h59m 07s$40.7M$587.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.026% → +0.029%
−$0.29
Slippage, 4 orders
−$2.83
Fee StandX: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$19.12
Costs to cover
0.188%
Break-even
never at this rate
Slippage from StandX: live order book, 5 min ago; Pacifica: 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 ago0.99 bp5.4 bp −$56.9 bp −$698.4 bp −$8449.8 bp −$4,888
Sell Pacifica live order book, 5 min ago0.06 bp4.2 bp −$44.5 bp −$45doesn't fitdoesn't fit

BTC on 55 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
Hotstuff BTC-PERP−0.0080%1h86,180+0.010%$8K$2K50xas long as short
Injective BTC/USDC PERP−0.0065%1h86,198+0.031%$301K$25.0M52xas long as short
01 Exchange BTCUSD−0.0056%1h86,151.8−0.022%$359K$2.1M50xas long as short
BloFin BTC-USDT−0.0020%8h86,080−0.106%$422.6M$624.5M150xas long as short
SoDEX BTC-USD−0.0017%1h86,081−0.104%$60.2M$257.8M40xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,207.1+0.042%$36.9M200xas long as short
dYdX BTC-USD+0.0032%1h86,197.2+0.030%$16.9M$17.6M50xas long as short
KuCoin XBTUSDTM+0.0035%8h86,092.5−0.091%$937.1M$666.5M125xas long as short
Bybit BTCUSDT+0.0039%8h86,086.4−0.098%$5.11B$9.03B150xas long as short
BingX BTC-USDC+0.0045%8h86,073.6−0.113%$16.8Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BTCUSDT+0.0048%8h86,085.8−0.099%$503.9M$971.6M200xas long as short
Phemex BTCUSDT+0.0070%8h86,082.8−0.102%$167.6M$497.3M150xas long as short
Phoenix BTC+0.0075%1h86,213+0.049%$2.3M$8.2M40xas long as short
Bullet BTC-USD+0.0094%1h86,109−0.072%$205K$3.3M20xas long as short
Lighter BTC+0.0096%1h86,093.1−0.090%$173.4M$865.4M50xas long as short
Lighter RH BTC+0.0096%1h86,095.4−0.088%$23.3M$120.7M50xas long as short
Popdex BTCUSDT+0.0096%1h86,153−0.021%$8.8M$52.2M100xas long as short
Aevo BTC-PERP+0.0096%1h86,077.1−0.109%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h86,135−0.042%$230K$8.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,190.4+0.023%$6.1M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,146.6−0.028%$21.8M$210.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,172+0.001%$3.87B$4.75B40xas long as short
Pacifica BTCshort+0.0100%1h86,193.2+0.026%$40.7M$587.4M50x
Binance BTCUSDT+0.0100%8h86,081.3−0.104%$9.47B$23.03B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,094.9−0.088%$2.61B$10.74B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,167−0.005%$4.0M$16.4M25xas long as short
Arcus BTC-USD+0.0100%1h86,189.5+0.021%$4.7M$93.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,176.9+0.007%$711.8M$175.1M40xas long as short
Gate BTC_USDT+0.0100%8h86,100.2−0.082%$5.47B$9.01B200xas long as short
MEXC BTC_USDT+0.0100%8h86,094−0.089%$5.11B$5.25B500xas long as short
Bitget BTCUSDT+0.0100%8h86,092.5−0.091%$2.98B$4.53B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,078.4−0.107%$37.1M$188.7M75xas long as short
Variational Omni BTC+0.0100%8h86,123.1−0.056%$158.4M$509.2Mas long as short
edgeX BTCUSDC+0.0100%4h86,177.4+0.007%$290.1M$989.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,189.5+0.021%$216.5M$141.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,191.9+0.024%$137.2M$302.0M100xas long as short
StandX BTC-USDlong+0.0100%1h86,171long leg$30.3M$212.5M40x
Vest BTC-PERP+0.0100%1h86,220.8+0.058%$10.5M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,150−0.024%$11.0M$13.5M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,090.1−0.094%$2.6M$9.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,129.4−0.048%$195K$660K40xas long as short
SunX BTC-USDT+0.0100%8h86,126−0.052%$3.2M$7.0M100xas long as short
HTX BTC-USDT+0.0100%8h86,080.1−0.105%$2.27B$911.0M200xas long as short
Kraken Futures PF_XBTUSD+0.0102%1h86,098.9−0.084%$188.6M$866.3M100xas long as short
Extended BTC-USD+0.0104%1h86,057.3−0.132%$46.4M$219.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,207.1+0.042%$93.4M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,121.1−0.058%$112.6M$5.24B50xas long as short
Reya BTCRUSDPERP+0.0154%1h86,102.6−0.079%$6.6M$131.8M40xas long as short
Kalshi KXBTCPERP+0.0184%8h86,177+0.007%$11.0M$726.8M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0200% / S −0.0185%1h86,193.4+0.026%$13.3M200xas long as short
RISEx BTC/USDC+0.0204%1h86,126.7−0.051%$8.9M$40.6M25xas long as short
Deribit BTC-PERPETUAL+0.0263%1h86,146.4−0.029%$840.2M$1.61B50xas long as short
Hibachi BTC/USDT-P+0.0280%1h86,226.6+0.065%$697K$7.4M30xas long as short
Aftermath Perps BTCUSD+0.0413%1h86,199.7+0.033%$80K$254K20xas long as short
Perpl BTC+0.0447%43m86,117.5−0.062%$494K$16.3M6.7xas long as short