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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against Vest−0.086%7-day average −0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.040%+$4 on $10k
Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.086%, 7d avg −0.022%
Together, before fees+0.118%+ Points / potential airdropVest: Active · farm board+$12 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: SunX is 0.063% cheaper against Vest than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest BTC-PERP85,702.10.0100pay 0.0013% / 1h17m 14s$11.8M50x
ShortSunX BTC-USDT85,628.80.0100get 0.0100% / 8h6h 17m$2.9M$6.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Vest. 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: −0.086% → −0.022%
−$6.32
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee SunX: 4 bp × 2 orders
−$8
Net
−$16.32
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; SunX: live order book, 12 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell SunX live order book, 12 min ago0.23 bp4.2 bp −$45.7 bp −$579.0 bp −$902doesn't fit
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h85,785+0.097%$2.2M$10.5M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,660−0.049%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0064%1h85,632.6−0.081%$362K$2.3M50xas long as short
dYdX BTC-USD+0.0002%1h85,692.4−0.011%$16.8M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,673.6−0.033%$36.7M200xas long as short
Injective BTC/USDC PERP+0.0020%1h85,691−0.013%$340K$26.9M52xas long as short
KuCoin XBTUSDTM+0.0031%8h85,649.9−0.061%$900.5M$753.5M125xas long as short
Aster BTCUSDT+0.0033%8h85,630.4−0.084%$515.8M$1.14B200xas long as short
RISEx BTC/USDC+0.0044%1h85,667.3−0.041%$8.2M$42.1M25xas long as short
Nado BTC-PERP+0.0044%1h85,663.2−0.045%$22.6M$227.4M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0056%8h85,648.2−0.063%$17.1Mas long as short
Reya BTCRUSDPERP+0.0059%1h85,635.1−0.078%$6.7M$146.3M40xas long as short
HTX BTC-USDT+0.0061%8h85,652.2−0.058%$2.27B$947.6M200xas long as short
Bitget BTCUSDT+0.0070%8h85,659.5−0.050%$2.95B$5.08B150xas long as short
Binance BTCUSDT+0.0091%8h85,660.3−0.049%$9.33B$24.29B150xas long as short
ApeX Omni BTCUSDT+0.0091%1h85,637.3−0.076%$140.0M$318.1M100xas long as short
MEXC BTC_USDT+0.0092%8h85,660−0.049%$5.08B$5.74B500xas long as short
Lighter BTC+0.0096%1h85,671.9−0.035%$170.5M$992.8M50xas long as short
Lighter RH BTC+0.0096%1h85,681.4−0.024%$23.5M$147.7M50xas long as short
Popdex BTCUSDT+0.0096%1h85,636−0.077%$8.4M$51.9M100xas long as short
Aevo BTC-PERP+0.0096%1h85,655.3−0.055%$2.5M$1.8M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,616−0.100%$202K$7.5M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,637.8−0.075%$3.8M$8.4M50xas long as short
Hyperliquid BTC+0.0100%1h85,707+0.006%$3.76B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,692−0.012%$40.8M$571.9M50xas long as short
Bybit BTCUSDT+0.0100%8h85,673.6−0.033%$5.31B$9.74B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,672.8−0.034%$2.54B$12.34B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,652−0.058%$3.9M$18.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,616−0.100%$7.2M$97.6M40xas long as short
Bulk BTC-USD+0.0100%1h85,744.8+0.050%$590.5M$195.3M40xas long as short
Gate BTC_USDT+0.0100%8h85,666.7−0.041%$5.59B$10.57B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,649.4−0.062%$35.2M$165.3M75xas long as short
Variational Omni BTC+0.0100%8h85,688−0.016%$156.6M$555.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,614.3−0.102%$278.4M$941.4M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,656.6−0.053%$214.9M$164.7M50xas long as short
StandX BTC-USD+0.0100%1h85,624.3−0.091%$30.3M$208.8M40xas long as short
Vest BTC-PERPlong+0.0100%1h85,702.1long leg$11.8M50x
Polymarket Perps BTC-USD+0.0100%1h85,655−0.055%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,663−0.046%$187K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,656.2−0.054%$2.4M$9.1M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,701.5−0.001%$186K$708K40xas long as short
Derive BTC-PERP+0.0100%1h85,661.5−0.047%$30.0M$56.0M15xas long as short
SunX BTC-USDTshort+0.0100%8h85,628.8−0.086%$2.9M$6.6M100x
SoDEX BTC-USD+0.0100%1h85,660−0.049%$60.0M$337.0M40xas long as short
Phemex BTCUSDT+0.0100%8h85,668−0.040%$153.3M$480.8M150xas long as short
Extended BTC-USD+0.0104%1h85,643.1−0.069%$44.0M$227.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,652.6−0.058%$101.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,704+0.002%$131.2M$5.15B50xas long as short
Hibachi BTC/USDT-P+0.0144%1h85,671.4−0.036%$694K$7.8M30xas long as short
Kraken Futures PF_XBTUSD+0.0146%1h85,692.5−0.011%$187.9M$963.6M100xas long as short
Aftermath Perps BTCUSD+0.0171%1h85,703+0.001%$78K$219K20xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0189%1h85,670.8−0.037%$13.5M200xas long as short
Kalshi KXBTCPERP+0.0212%8h85,676−0.030%$10.3M$770.1M6.4xas long as short
Deribit BTC-PERPETUAL+0.0219%1h85,710.9+0.010%$894.7M$1.54B50xas long as short
Perpl BTC+0.0447%43m85,666.2−0.042%$513K$20.5M6.7xas long as short