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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRnext payment $0.22 per $10,000 · paid last 24h −0.021%
Price spread now: BingX against SunX+0.005%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.201% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT85,507.90.0077pay 0.0077% / 8h6h 00m$2.9M$6.5M100x
ShortBingX BTC-USDT85,512.60.0055get 0.0055% / 8h6h 00m$1.55B

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
−$4.68
Price spread: +0.005% → 0.000%
$0.55
Slippage, 4 orders
−$2.08
Fee SunX: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$24.22
Costs to cover
0.201%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; BingX: live order book, 9 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, 9 min ago0.56 bp5.4 bp −$56.3 bp −$638.4 bp −$83811.1 bp −$5,568
Sell BingX live order book, 9 min ago0.04 bp5.0 bp −$55.0 bp −$505.0 bp −$5045.5 bp −$2,762

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
Phoenix BTC−0.0144%1h85,616+0.126%$2.1M$10.5M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,544+0.042%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0064%1h85,525.9+0.021%$362K$2.3M50xas long as short
dYdX BTC-USD+0.0001%1h85,582.9+0.088%$16.7M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,526+0.021%$36.6M200xas long as short
Injective BTC/USDC PERP+0.0020%1h85,661+0.179%$340K$26.9M52xas long as short
Aster BTCUSDT+0.0022%8h85,524+0.019%$515.6M$1.12B200xas long as short
KuCoin XBTUSDTM+0.0023%8h85,511.6+0.004%$901.4M$748.9M125xas long as short
Nado BTC-PERP+0.0031%1h85,534.9+0.032%$22.6M$224.9M50xas long as short
RISEx BTC/USDC+0.0044%1h85,554.4+0.054%$8.4M$42.2M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDTshort+0.0055%8h85,512.6+0.005%$1.55B
HTX BTC-USDT+0.0058%8h85,555.5+0.056%$2.27B$933.0M200xas long as short
Reya BTCRUSDPERP+0.0062%1h85,504.5−0.004%$6.7M$146.4M40xas long as short
Bitget BTCUSDT+0.0068%8h85,503.2−0.005%$2.94B$5.02B150xas long as short
SunX BTC-USDTlong+0.0077%8h85,507.9long leg$2.9M$6.5M100x
Aevo BTC-PERP+0.0080%1h85,507.4−0.001%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0086%8h85,510.1+0.003%$5.07B$5.77B500xas long as short
Binance BTCUSDT+0.0086%8h85,511.3+0.004%$9.32B$23.93B150xas long as short
Lighter BTC+0.0096%1h85,530.8+0.027%$170.2M$997.1M50xas long as short
Lighter RH BTC+0.0096%1h85,539.4+0.037%$23.9M$149.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,527+0.022%$8.4M$51.6M100xas long as short
Paradex BTC-USD-PERP+0.0099%8h85,575.4+0.079%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,505−0.003%$204K$7.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,593.6+0.100%$3.76B$4.92B40xas long as short
Pacifica BTC+0.0100%1h85,565.3+0.067%$40.2M$569.5M50xas long as short
Bybit BTCUSDT+0.0100%8h85,512.5+0.005%$5.32B$9.61B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,522.4+0.017%$2.56B$12.13B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,539+0.036%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h85,500−0.009%$7.1M$96.3M40xas long as short
Gate BTC_USDT+0.0100%8h85,522.1+0.017%$5.58B$10.62B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,545.5+0.044%$35.0M$168.1M75xas long as short
Variational Omni BTC+0.0100%8h85,545+0.043%$154.0M$554.0Mas long as short
edgeX BTCUSDC+0.0100%4h85,613.3+0.123%$278.5M$939.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,624+0.136%$214.9M$162.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,624.5+0.136%$140.0M$316.3M100xas long as short
StandX BTC-USD+0.0100%1h85,623.8+0.136%$30.3M$210.8M40xas long as short
Vest BTC-PERP+0.0100%1h85,588+0.094%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,521+0.015%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,517.3+0.011%$187K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,517.8+0.012%$2.4M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,554.9+0.055%$197K$722K40xas long as short
Derive BTC-PERP+0.0100%1h85,513.6+0.007%$30.0M$52.7M15xas long as short
SoDEX BTC-USD+0.0100%1h85,551+0.050%$59.9M$336.4M40xas long as short
Phemex BTCUSDT+0.0100%8h85,554.3+0.054%$150.2M$479.7M150xas long as short
Bulk BTC-USD+0.0100%1h85,593.2+0.100%$605.0M$283.5M40xas long as short
Extended BTC-USD+0.0104%1h85,505.3−0.003%$44.1M$227.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,569.3+0.072%$101.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,592+0.098%$130.7M$5.08B50xas long as short
Kraken Futures PF_XBTUSD+0.0146%1h85,575.6+0.079%$187.0M$952.2M100xas long as short
Aftermath Perps BTCUSD+0.0184%1h85,607.4+0.116%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h85,631.9+0.145%$682K$7.8M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0186%1h85,522.8+0.017%$13.5M200xas long as short
Deribit BTC-PERPETUAL+0.0211%1h85,603.3+0.112%$894.9M$1.52B50xas long as short
Kalshi KXBTCPERP+0.0212%8h85,586+0.091%$10.2M$765.3M6.4xas long as short
Perpl BTC+0.0447%43m85,574.3+0.078%$511K$19.9M6.7xas long as short