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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%
Price spread now: Extended against ApeX Omni−0.028%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$160.160% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.033%+$3 on $10k
Price spread, last 7 days+0.018%+$2 · spread now −0.028%, 7d avg −0.045%
Together, before fees+0.051%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BTCUSDT85,457.20.0100pay 0.0013% / 1h19m 30s$139.7M$314.5M100x
ShortExtended BTC-USD85,433.50.0104get 0.0013% / 1h19m 30s$44.6M$230.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against ApeX Omni. 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
$0.84
Price spread: −0.028% → −0.045%
$1.75
Slippage, 4 orders
−$1.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$13.43
Costs to cover
0.160%
Break-even
118.9 days
Slippage from ApeX Omni: live order book, 5 min ago; Extended: 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 ApeX Omni live order book, 5 min ago0.05 bp5.0 bp −$55.0 bp −$509.3 bp −$92936.9 bp −$18.5K
Sell Extended live order book, 5 min ago0.06 bp2.6 bp −$32.6 bp −$262.7 bp −$2719.0 bp −$4,517

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−0.0179%1h85,530+0.085%$2.1M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,474+0.020%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0056%1h85,450.4−0.008%$365K$2.3M50xas long as short
KuCoin XBTUSDTM−0.0023%8h85,434.6−0.026%$918.4M$751.7M125xas long as short
BloFin BTC-USDT−0.0022%8h85,466.9+0.011%$416.3M$667.3M150xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,468.6+0.013%$36.5M200xas long as short
Aster BTCUSDT+0.0011%8h85,446.8−0.012%$515.1M$1.10B200xas long as short
dYdX BTC-USD+0.0013%1h85,497.7+0.047%$16.7M$21.2M50xas long as short
Nado BTC-PERP+0.0018%1h85,445.6−0.014%$25.3M$222.3M50xas long as short
Arcus BTC-USD+0.0021%1h85,442.7−0.017%$4.4M$98.1M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0062%8h85,460.8+0.004%$1.54Bas long as short
Phemex BTCUSDT+0.0075%8h85,455.2−0.002%$147.5M$488.1M150xas long as short
Bitget BTCUSDT+0.0078%8h85,459.5+0.003%$2.95B$5.07B150xas long as short
Reya BTCRUSDPERP+0.0083%1h85,449.9−0.009%$6.7M$146.8M40xas long as short
Lighter BTC+0.0096%1h85,4570.000%$172.4M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,461.2+0.005%$23.8M$149.2M50xas long as short
Popdex BTCUSDT+0.0096%1h85,462+0.006%$8.4M$52.9M100xas long as short
Aevo BTC-PERP+0.0096%1h85,455.1−0.002%$2.4M$1.7M20xas long as short
MEXC BTC_USDT+0.0097%8h85,453.7−0.004%$5.06B$5.64B500xas long as short
Binance BTCUSDT+0.0098%8h85,461.7+0.005%$9.36B$24.15B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,424−0.039%$210K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,519.4+0.073%$4.9M$9.0M50xas long as short
Hyperliquid BTC+0.0100%1h85,540+0.097%$3.74B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,481.4+0.028%$40.1M$579.3M50xas long as short
Bybit BTCUSDT+0.0100%8h85,455.9−0.002%$5.21B$9.79B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,463.9+0.008%$2.58B$12.13B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,441−0.019%$3.9M$18.2M25xas long as short
Bulk BTC-USD+0.0100%1h85,516+0.069%$659.1M$647.8M40xas long as short
Gate BTC_USDT+0.0100%8h85,465.8+0.010%$5.51B$10.73B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,443.1−0.017%$35.7M$176.6M75xas long as short
Variational Omni BTC+0.0100%8h85,443.5−0.016%$153.4M$565.7Mas long as short
edgeX BTCUSDC+0.0100%4h85,504+0.055%$279.3M$921.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,513.1+0.065%$214.6M$168.8M50xas long as short
ApeX Omni BTCUSDTlong+0.0100%1h85,457.2long leg$139.7M$314.5M100x
StandX BTC-USD+0.0100%1h85,489.4+0.038%$30.2M$208.2M40xas long as short
Vest BTC-PERP+0.0100%1h85,514.5+0.067%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,450−0.008%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,4570.000%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,458.2+0.001%$2.4M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,497.9+0.048%$207K$738K40xas long as short
Derive BTC-PERP+0.0100%1h85,448.4−0.010%$29.9M$50.3M15xas long as short
SunX BTC-USDT+0.0100%8h85,445.7−0.014%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,462+0.006%$59.9M$336.2M40xas long as short
HTX BTC-USDT+0.0100%8h85,450.1−0.008%$2.26B$942.7M200xas long as short
Extended BTC-USDshort+0.0104%1h85,433.5−0.028%$44.6M$230.9M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,465.2+0.009%$107.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,496.9+0.046%$117.1M$5.19B50xas long as short
Deribit BTC-PERPETUAL+0.0134%1h85,503+0.053%$891.3M$1.58B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,475+0.021%$339K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,479+0.025%$187.6M$955.3M100xas long as short
RISEx BTC/USDC+0.0194%1h85,482.7+0.030%$8.2M$42.5M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0177%1h85,466.4+0.011%$13.4M200xas long as short
Hibachi BTC/USDT-P+0.0216%1h85,497.8+0.047%$703K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0216%1h85,532.2+0.088%$78K$219K20xas long as short
Kalshi KXBTCPERP+0.0218%8h85,497+0.047%$10.3M$756.3M6.4xas long as short
Perpl BTC+0.0447%43m85,462.2+0.006%$497K$18.8M6.7xas long as short