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

BTC

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0146%/8h= −16.0% APRnext payment $0.18 per $10,000 · paid last 24h −0.008%
Price spread now: StandX against Aftermath Perps−0.002%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$300.298% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.045%−$4 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.002%, 7d avg −0.033%
Together, before fees−0.069%+ Points / potential airdropStandX: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. StandX is 0.031% dearer against Aftermath Perps than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.033%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 3 days (−0.045% in total) that is about 2.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps BTCUSD85,550.30.0246pay 0.0031% / 1h27m 40s$78K$221K20x
ShortStandX BTC-USD85,5490.0100get 0.0013% / 1h27m 40s$30.2M$207.2M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Aftermath Perps. 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
−$30.71
Price spread: −0.002% → −0.033%
$3.13
Slippage, 4 orders
−$12.82
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee StandX: 4 bp × 2 orders
−$8
Net
−$57.39
Costs to cover
0.298%
Break-even
never at this rate
Slippage from Aftermath Perps: live order book, 27 min ago; StandX: live order book, 2 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 Aftermath Perps live order book, 27 min ago0.00 bp6.3 bp −$610.2 bp −$102doesn't fitdoesn't fit
Sell StandX live order book, 2 min ago0.64 bp5.1 bp −$56.3 bp −$638.0 bp −$80310.0 bp −$5,009

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−0.0140%1h85,533−0.020%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,511−0.046%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0041%8h85,488.8−0.072%$918.5M$756.9M125xas long as short
BloFin BTC-USDT−0.0020%8h85,514.6−0.042%$419.1M$675.9M150xas long as short
01 Exchange BTCUSD−0.0016%1h85,510.1−0.047%$365K$2.3M50xas long as short
Perpl BTC0.0000%43m85,533.3−0.020%$503K$18.7M6.7xas long as short
Aster BTCUSDT+0.0001%8h85,486.3−0.075%$514.8M$1.10B200xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,521.1−0.034%$36.5M200xas long as short
Nado BTC-PERP+0.0005%1h85,524.4−0.030%$24.6M$223.3M50xas long as short
dYdX BTC-USD+0.0032%1h85,528.6−0.025%$16.8M$21.2M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0044%1h85,514−0.042%$339K$26.9M52xas long as short
Deribit BTC-PERPETUAL+0.0058%1h85,547.6−0.003%$884.5M$1.59B50xas long as short
BingX BTC-USDC+0.0065%8h85,480.2−0.082%$17.1Mas long as short
SoDEX BTC-USD+0.0072%1h85,502−0.056%$59.9M$335.9M40xas long as short
Phemex BTCUSDT+0.0073%8h85,507.7−0.050%$148.3M$495.3M150xas long as short
Bitget BTCUSDT+0.0080%8h85,493−0.067%$2.95B$5.12B150xas long as short
Lighter BTC+0.0096%1h85,514.5−0.042%$172.2M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,515−0.041%$24.0M$148.6M50xas long as short
Popdex BTCUSDT+0.0096%1h85,495−0.065%$8.4M$55.0M100xas long as short
Aevo BTC-PERP+0.0096%1h85,493.7−0.066%$2.7M$2.0M20xas long as short
Reya BTCRUSDPERP+0.0099%1h85,511.5−0.045%$6.6M$147.1M40xas long as short
Katana Perps BTC-USD+0.0100%8h85,483−0.079%$210K$8.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,547.2−0.004%$5.7M$9.4M50xas long as short
Hyperliquid BTC+0.0100%1h85,588.7+0.045%$3.79B$5.02B40xas long as short
Pacifica BTC+0.0100%1h85,540.2−0.012%$40.1M$588.0M50xas long as short
Binance BTCUSDT+0.0100%8h85,491.1−0.069%$9.41B$24.40B150xas long as short
Bybit BTCUSDT+0.0100%8h85,488.1−0.073%$5.18B$9.86B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,506−0.052%$2.59B$12.13B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,487−0.074%$3.8M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h85,497.6−0.062%$4.7M$100.4M40xas long as short
Bulk BTC-USD+0.0100%1h85,517.4−0.038%$680.3M$725.5M40xas long as short
Gate BTC_USDT+0.0100%8h85,500.9−0.058%$5.54B$10.81B200xas long as short
MEXC BTC_USDT+0.0100%8h85,495.1−0.065%$5.07B$5.66B500xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,495.6−0.064%$36.2M$179.0M75xas long as short
Variational Omni BTC+0.0100%8h85,584.9+0.040%$154.4M$565.9Mas long as short
edgeX BTCUSDC+0.0100%4h85,513.5−0.043%$279.3M$928.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,538.4−0.014%$215.0M$168.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,591+0.048%$139.9M$315.5M100xas long as short
StandX BTC-USDshort+0.0100%1h85,549−0.002%$30.2M$207.2M40x
Vest BTC-PERP+0.0100%1h85,583.4+0.039%$11.2M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,519−0.037%$11.1M$14.3M50xas long as short
Bullet BTC-USD+0.0100%1h85,510−0.047%$197K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,506.9−0.051%$2.4M$8.7M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,546.9−0.004%$207K$738K40xas long as short
Derive BTC-PERP+0.0100%1h85,498.3−0.061%$30.0M$50.0M15xas long as short
SunX BTC-USDT+0.0100%8h85,501.2−0.057%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,499.9−0.059%$2.26B$948.6M200xas long as short
Extended BTC-USD+0.0104%1h85,466.7−0.098%$45.0M$233.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,533.5−0.020%$107.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,539.2−0.013%$117.3M$5.25B50xas long as short
Kraken Futures PF_XBTUSD+0.0135%1h85,524.8−0.030%$187.7M$954.6M100xas long as short
RISEx BTC/USDC+0.0174%1h85,532.7−0.021%$8.7M$42.9M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0149%1h85,521.6−0.033%$13.1M200xas long as short
Kalshi KXBTCPERP+0.0197%8h85,557+0.008%$11.7M$754.6M6.4xas long as short
Aftermath Perps BTCUSDlong+0.0246%1h85,550.3long leg$78K$221K20x
Hibachi BTC/USDT-P+0.0248%1h85,568+0.021%$697K$7.9M30xas long as short