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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%
Price spread now: Arcus against SunX−0.034%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$160.158% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.004%$0 on $10k
Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.034%, 7d avg +0.028%
Together, before fees+0.097%+$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: Arcus is 0.062% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT85,464.80.0100pay 0.0100% / 8h1h 04m$2.9M$6.1M100x
ShortArcus BTC-USD85,435.80.0100get 0.0013% / 1h4m 46s$5.1M$96.0M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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: −0.034% → +0.028%
−$6.2
Slippage, 4 orders
−$3.29
Fee SunX: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$21.99
Costs to cover
0.158%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; Arcus: live order book, 4 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 SunX live order book, 4 min ago0.42 bp5.0 bp −$55.3 bp −$537.0 bp −$7019.6 bp −$4,775
Sell Arcus live order book, 4 min ago0.01 bp2.8 bp −$33.8 bp −$384.5 bp −$453doesn't fit

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%1h85,520+0.065%$2.3M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,456−0.010%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0033%8h85,428.2−0.043%$928.9M$772.9M125xas long as short
BloFin BTC-USDT−0.0022%8h85,455−0.011%$421.8M$681.5M150xas long as short
Aster BTCUSDT−0.0003%8h85,416.2−0.057%$512.7M$1.09B200xas long as short
01 Exchange BTCUSD0.0000%1h85,444.2−0.024%$353K$2.4M50xas long as short
Perpl BTC0.0000%43m85,439.3−0.030%$492K$18.3M6.7xas long as short
dYdX BTC-USD+0.0001%1h85,475.9+0.013%$16.7M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,445.5−0.023%$36.5M200xas long as short
Deribit BTC-PERPETUAL+0.0034%1h85,467+0.003%$853.6M$1.64B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0045%1h85,459.2−0.007%$24.1M$219.8M50xas long as short
Injective BTC/USDC PERP+0.0057%1h85,486+0.025%$339K$26.8M52xas long as short
BingX BTC-USDT+0.0074%8h85,418.4−0.054%$1.57Bas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,439.7−0.029%$186.0M$951.1M100xas long as short
Bitget BTCUSDT+0.0092%8h85,414.3−0.059%$2.97B$5.15B150xas long as short
Bybit BTCUSDT+0.0093%8h85,414.3−0.059%$5.14B$9.96B150xas long as short
SoDEX BTC-USD+0.0095%1h85,425−0.047%$59.8M$336.6M40xas long as short
Lighter BTC+0.0096%1h85,428.2−0.043%$169.7M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,439.6−0.029%$23.6M$148.9M50xas long as short
Popdex BTCUSDT+0.0096%1h85,460−0.006%$8.4M$57.2M100xas long as short
Aevo BTC-PERP+0.0096%1h85,447.2−0.021%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0097%8h85,416.1−0.057%$5.04B$5.78B500xas long as short
Binance BTCUSDT+0.0098%8h85,416−0.057%$9.42B$24.86B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,425−0.047%$245K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,509+0.052%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,496+0.037%$3.75B$5.06B40xas long as short
Pacifica BTC+0.0100%1h85,484.2+0.023%$40.4M$603.0M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,424.3−0.047%$2.60B$12.19B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,442−0.027%$3.8M$17.1M25xas long as short
Arcus BTC-USDshort+0.0100%1h85,435.8−0.034%$5.1M$96.0M40x
Gate BTC_USDT+0.0100%8h85,423−0.049%$5.55B$11.09B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,418.8−0.054%$37.4M$182.1M75xas long as short
Variational Omni BTC+0.0100%8h85,432.9−0.037%$156.6M$557.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,406.3−0.068%$279.8M$952.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,439.5−0.030%$214.5M$163.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,439.8−0.029%$139.7M$313.1M100xas long as short
StandX BTC-USD+0.0100%1h85,428.5−0.042%$30.1M$207.3M40xas long as short
Vest BTC-PERP+0.0100%1h85,497.2+0.038%$10.2M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,440−0.029%$11.0M$14.6M50xas long as short
Bullet BTC-USD+0.0100%1h85,439−0.030%$199K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,431.5−0.039%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,468.7+0.005%$194K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,451.8−0.015%$30.0M$46.1M15xas long as short
SunX BTC-USDTlong+0.0100%8h85,464.8long leg$2.9M$6.1M100x
HTX BTC-USDT+0.0100%8h85,431.8−0.039%$2.26B$962.6M200xas long as short
Phemex BTCUSDT+0.0100%8h85,442.4−0.026%$157.1M$512.1M150xas long as short
Bulk BTC-USD+0.0100%1h85,413.1−0.060%$689.0M$342.5M40xas long as short
Extended BTC-USD+0.0104%1h85,393.4−0.084%$45.2M$240.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,470.9+0.007%$104.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,459.8−0.006%$113.0M$5.48B50xas long as short
Reya BTCRUSDPERP+0.0134%1h85,429.2−0.042%$6.6M$147.7M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0150%1h85,446.9−0.021%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0176%8h85,483+0.021%$12.0M$739.0M6.4xas long as short
RISEx BTC/USDC+0.0193%1h85,463.5−0.002%$8.8M$42.7M25xas long as short
Hibachi BTC/USDT-P+0.0208%1h85,495.5+0.036%$685K$7.8M30xas long as short
Aftermath Perps BTCUSD+0.0264%1h85,484.9+0.024%$79K$242K20xas long as short