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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: HTX against ApeX Omni−0.013%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.227% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.013%, 7d avg −0.021%
Together, before fees−0.052%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BTCUSDT85,531.60.0100pay 0.0013% / 1h4m 44s$139.8M$314.5M100x
ShortHTX BTC-USDT85,520.50.0100get 0.0100% / 8h2h 04m$2.26B$942.5M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
Price spread: −0.013% → −0.021%
$0.83
Slippage, 4 orders
−$0.69
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$21.86
Costs to cover
0.227%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; HTX: 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 ApeX Omni live order book, 4 min ago0.34 bp5.3 bp −$55.5 bp −$5518.2 bp −$1,81641.9 bp −$20.9K
Sell HTX live order book, 4 min ago0.01 bp6.0 bp −$66.0 bp −$606.5 bp −$65010.3 bp −$5,144

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
Perpl BTC−0.0112%43m85,574.8+0.051%$524K$18.3M6.7xas long as short
Phoenix BTC−0.0111%1h85,577+0.053%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,588+0.066%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0051%8h85,512−0.023%$929.6M$771.9M125xas long as short
BloFin BTC-USDT−0.0023%8h85,517.3−0.017%$417.9M$684.0M150xas long as short
Aster BTCUSDT−0.0007%8h85,492.6−0.046%$514.2M$1.09B200xas long as short
01 Exchange BTCUSD0.0000%1h85,540.5+0.010%$354K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h85,549.1+0.020%$868.7M$1.62B50xas long as short
dYdX BTC-USD+0.0002%1h85,535.9+0.005%$16.8M$21.4M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,533.5+0.002%$36.5M200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0023%1h85,349−0.213%$339K$26.8M52xas long as short
Nado BTC-PERP+0.0043%1h85,557.2+0.030%$24.6M$222.6M50xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,536.2+0.005%$188.5M$953.9M100xas long as short
BingX BTC-USDC+0.0069%8h85,487.9−0.051%$17.5Mas long as short
Phemex BTCUSDT+0.0079%8h85,514.7−0.020%$148.9M$507.0M150xas long as short
Bitget BTCUSDT+0.0087%8h85,497.5−0.040%$2.96B$5.18B150xas long as short
Lighter BTC+0.0096%1h85,505−0.031%$171.4M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,508.8−0.027%$23.7M$149.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,525−0.008%$8.4M$55.9M100xas long as short
MEXC BTC_USDT+0.0096%8h85,499.7−0.037%$5.01B$5.77B500xas long as short
Aevo BTC-PERP+0.0096%1h85,508.5−0.027%$2.4M$6.7M20xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,561+0.034%$117.4M$5.45B50xas long as short
Binance BTCUSDT+0.0097%8h85,497.5−0.040%$9.45B$24.92B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,507−0.029%$236K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,585.8+0.063%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,582+0.059%$3.76B$5.09B40xas long as short
Pacifica BTC+0.0100%1h85,568.4+0.043%$40.1M$598.7M50xas long as short
Bybit BTCUSDT+0.0100%8h85,495.6−0.042%$5.15B$9.98B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,501.7−0.035%$2.59B$12.26B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,555+0.027%$3.8M$17.4M25xas long as short
Arcus BTC-USD+0.0100%1h85,532.3+0.001%$4.6M$98.9M40xas long as short
Bulk BTC-USD+0.0100%1h85,501.7−0.035%$682.6M$531.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,505.4−0.031%$5.52B$11.10B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,508.4−0.027%$36.6M$178.6M75xas long as short
Variational Omni BTC+0.0100%8h85,535.9+0.005%$155.0M$560.6Mas long as short
edgeX BTCUSDC+0.0100%4h85,505.3−0.031%$280.0M$952.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,535.3+0.004%$214.9M$167.4M50xas long as short
ApeX Omni BTCUSDTlong+0.0100%1h85,531.6long leg$139.8M$314.5M100x
StandX BTC-USD+0.0100%1h85,547.3+0.018%$30.2M$207.4M40xas long as short
Vest BTC-PERP+0.0100%1h85,599.5+0.079%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,523−0.010%$11.0M$14.5M50xas long as short
Bullet BTC-USD+0.0100%1h85,525−0.008%$204K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,532.7+0.001%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,554.8+0.027%$194K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,496.2−0.041%$30.0M$48.0M15xas long as short
SunX BTC-USDT+0.0100%8h85,512.8−0.022%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,517−0.017%$59.8M$336.3M40xas long as short
HTX BTC-USDTshort+0.0100%8h85,520.5−0.013%$2.26B$942.5M200x
Extended BTC-USD+0.0104%1h85,482.9−0.057%$44.5M$240.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,569.5+0.044%$106.8M500xas long as short
Reya BTCRUSDPERP+0.0120%1h85,516.8−0.017%$6.6M$147.5M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,5320.000%$13.1M200xas long as short
Kalshi KXBTCPERP+0.0209%8h85,563+0.037%$11.4M$743.3M6.4xas long as short
Aftermath Perps BTCUSD+0.0223%1h85,522−0.011%$79K$228K20xas long as short
Hibachi BTC/USDT-P+0.0232%1h85,559.3+0.032%$694K$8.0M30xas long as short
RISEx BTC/USDC+0.0257%1h85,551.7+0.024%$8.8M$43.3M25xas long as short