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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.012%
Price spread now: HTX against BingX−0.013%7-day average · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$220.221% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 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
LongBingX BTC-USDT85,3560.0070pay 0.0070% / 8h1h 50m$1.56B
ShortHTX BTC-USDT85,344.90.0100get 0.0100% / 8h1h 50m$2.26B$968.7M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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
$6.3
Price spread: −0.013% → 0.000%
−$1.3
Slippage, 4 orders
−$0.05
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$17.05
Costs to cover
0.221%
Break-even
25.9 days
Slippage from BingX: 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 BingX live order book, 4 min ago0.01 bp5.0 bp −$55.1 bp −$515.4 bp −$5365.9 bp −$2,955
Sell HTX live order book, 4 min ago0.01 bp6.0 bp −$66.0 bp −$607.4 bp −$74010.3 bp −$5,152

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−0.0082%1h85,346−0.012%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,309−0.055%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0048%8h85,344.8−0.013%$926.3M$772.3M125xas long as short
BloFin BTC-USDT−0.0024%8h85,319.2−0.043%$421.0M$683.6M150xas long as short
Aster BTCUSDT−0.0010%8h85,345.3−0.013%$513.0M$1.09B200xas long as short
dYdX BTC-USD0.0000%1h85,343.9−0.014%$16.7M$21.5M50xas long as short
Perpl BTC0.0000%43m85,336.9−0.022%$526K$18.3M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,362.2+0.007%$36.5M200xas long as short
01 Exchange BTCUSD+0.0008%1h85,345.6−0.012%$354K$2.4M50xas long as short
ApeX Omni BTCUSDT+0.0025%1h85,333.8−0.026%$139.5M$314.5M100xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0042%1h85,285−0.083%$24.5M$222.6M50xas long as short
Injective BTC/USDC PERP+0.0057%1h85,405+0.057%$339K$26.8M52xas long as short
BingX BTC-USDTlong+0.0070%8h85,356long leg$1.56B
Bitget BTCUSDT+0.0088%8h85,351.1−0.006%$2.95B$5.18B150xas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,364.5+0.010%$187.1M$956.1M100xas long as short
Phemex BTCUSDT+0.0091%8h85,361.1+0.006%$149.9M$508.7M150xas long as short
MEXC BTC_USDT+0.0095%8h85,355.90.000%$4.99B$5.73B500xas long as short
Binance BTCUSDT+0.0096%8h85,352.5−0.004%$9.43B$24.99B150xas long as short
Lighter BTC+0.0096%1h85,364.9+0.010%$170.3M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,366.2+0.012%$23.6M$147.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,350−0.007%$8.3M$56.0M100xas long as short
Aevo BTC-PERP+0.0096%1h85,343.4−0.015%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,316−0.047%$238K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,407.2+0.060%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,436+0.094%$3.75B$5.09B40xas long as short
Pacifica BTC+0.0100%1h85,374.9+0.022%$40.1M$602.1M50xas long as short
Bybit BTCUSDT+0.0100%8h85,354−0.002%$5.14B$9.99B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,352−0.005%$2.59B$12.25B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,350−0.007%$3.8M$17.2M25xas long as short
Arcus BTC-USD+0.0100%1h85,353−0.004%$4.6M$98.7M40xas long as short
Gate BTC_USDT+0.0100%8h85,353.6−0.003%$5.50B$10.96B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,318.6−0.044%$36.8M$179.6M75xas long as short
Variational Omni BTC+0.0100%8h85,300.3−0.065%$155.0M$558.9Mas long as short
edgeX BTCUSDC+0.0100%4h85,312.4−0.051%$279.5M$951.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,303.8−0.061%$214.1M$167.2M50xas long as short
StandX BTC-USD+0.0100%1h85,338.5−0.020%$30.1M$205.8M40xas long as short
Vest BTC-PERP+0.0100%1h85,406.5+0.059%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,350−0.007%$11.0M$14.6M50xas long as short
Bullet BTC-USD+0.0100%1h85,361+0.006%$204K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,351−0.006%$2.6M$9.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,387.7+0.037%$194K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,328.4−0.032%$30.0M$47.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,323−0.039%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,350−0.007%$59.7M$336.8M40xas long as short
HTX BTC-USDTshort+0.0100%8h85,344.9−0.013%$2.26B$968.7M200x
Bulk BTC-USD+0.0100%1h85,294.8−0.072%$682.6M$475.0M40xas long as short
Extended BTC-USD+0.0104%1h85,324.4−0.037%$44.6M$240.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,340.1−0.019%$106.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,391.9+0.042%$116.8M$5.46B50xas long as short
Reya BTCRUSDPERP+0.0123%1h85,352.8−0.004%$6.6M$147.6M40xas long as short
Deribit BTC-PERPETUAL+0.0136%1h85,391.5+0.042%$865.8M$1.63B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0152%1h85,358.1+0.002%$13.0M200xas long as short
RISEx BTC/USDC+0.0193%1h85,370.6+0.017%$8.7M$43.2M25xas long as short
Kalshi KXBTCPERP+0.0196%8h85,368+0.014%$11.6M$742.9M6.4xas long as short
Hibachi BTC/USDT-P+0.0240%1h85,327.4−0.033%$689K$8.0M30xas long as short
Aftermath Perps BTCUSD+0.0249%1h85,363.9+0.009%$79K$229K20xas long as short