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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h +0.019%
Price spread now: StandX against BingX−0.042%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$220.217% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.066%+$7 on $10k
Price spread, last 7 days+0.067%+$7 · spread now −0.042%, 7d avg +0.036%
Together, before fees+0.132%+ Points / potential airdropStandX: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. StandX is 0.078% cheaper against BingX than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.036%). If the spread goes back, that is −$8 on $10k: about 5.5 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BTC-USDC85,805.10.0053pay 0.0053% / 8h6h 43m$15.4M
ShortStandX BTC-USD85,768.80.0100get 0.0013% / 1h43m 25s$30.3M$207.4M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$9.87
Price spread: −0.042% → +0.036%
−$7.82
Slippage, 4 orders
−$3.69
Fee BingX: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$19.63
Costs to cover
0.217%
Break-even
20.9 days
Slippage from BingX: live order book, 10 min ago; StandX: live order book, 1 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, 10 min ago0.02 bp5.0 bp −$55.2 bp −$526.5 bp −$6497.8 bp −$3,895
Sell StandX live order book, 1 min ago0.87 bp6.1 bp −$67.5 bp −$758.4 bp −$84110.4 bp −$5,214

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−0.0144%1h85,767−0.044%$2.2M$10.5M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,829+0.028%$8K$3K50xas long as short
BloFin BTC-USDT−0.0078%8h85,853+0.056%$415.8M$658.2M150xas long as short
01 Exchange BTCUSD−0.0056%1h85,822+0.020%$364K$2.3M50xas long as short
dYdX BTC-USD0.0000%1h85,834.4+0.034%$16.8M$20.6M50xas long as short
Perpl BTC0.0000%43m85,824.3+0.022%$510K$21.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,811.1+0.007%$36.7M200xas long as short
Injective BTC/USDC PERP+0.0020%1h85,810+0.006%$341K$26.9M52xas long as short
Aster BTCUSDT+0.0037%8h85,829.7+0.029%$497.8M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0040%8h85,813.5+0.010%$894.9M$757.3M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0044%1h85,827.1+0.026%$8.1M$42.6M25xas long as short
BingX BTC-USDClong+0.0053%8h85,805.1long leg$15.4M
Reya BTCRUSDPERP+0.0054%1h85,794.7−0.012%$6.7M$146.1M40xas long as short
Bitget BTCUSDT+0.0068%8h85,797.8−0.009%$2.95B$5.14B150xas long as short
Nado BTC-PERP+0.0073%1h85,821.5+0.019%$22.8M$229.5M50xas long as short
ApeX Omni BTCUSDT+0.0076%1h85,808.2+0.004%$140.3M$320.9M100xas long as short
HTX BTC-USDT+0.0077%8h85,806.3+0.001%$2.28B$969.3M200xas long as short
MEXC BTC_USDT+0.0087%8h85,801.6−0.004%$5.11B$5.67B500xas long as short
Aevo BTC-PERP+0.0088%1h85,816+0.013%$2.5M$1.8M20xas long as short
Binance BTCUSDT+0.0088%8h85,827.4+0.026%$9.34B$24.58B150xas long as short
Lighter BTC+0.0096%1h85,813.5+0.010%$169.6M$979.8M50xas long as short
Lighter RH BTC+0.0096%1h85,834.6+0.034%$23.3M$145.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,830+0.029%$8.4M$52.5M100xas long as short
Gate BTC_USDT+0.0096%8h85,821.2+0.019%$5.66B$10.39B200xas long as short
Katana Perps BTC-USD+0.0100%8h85,799−0.007%$210K$7.5M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,846.3+0.048%$3.8M$8.7M50xas long as short
Hyperliquid BTC+0.0100%1h85,867+0.072%$3.77B$5.04B40xas long as short
Pacifica BTC+0.0100%1h85,839.3+0.040%$40.9M$569.6M50xas long as short
Bybit BTCUSDT+0.0100%8h85,823+0.021%$5.28B$9.81B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,812.7+0.009%$2.55B$12.54B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,803−0.002%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h85,804.5−0.001%$7.3M$98.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,817.8+0.015%$35.2M$163.5M75xas long as short
Variational Omni BTC+0.0100%8h85,783.2−0.026%$155.9M$552.3Mas long as short
edgeX BTCUSDC+0.0100%4h85,787.3−0.021%$278.0M$944.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,740.2−0.076%$215.2M$164.7M50xas long as short
StandX BTC-USDshort+0.0100%1h85,768.8−0.042%$30.3M$207.4M40x
Vest BTC-PERP+0.0100%1h85,852.5+0.055%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,803−0.002%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,810.2+0.006%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,820.3+0.018%$2.4M$9.1M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,863.3+0.068%$186K$710K40xas long as short
Derive BTC-PERP+0.0100%1h85,833.1+0.033%$30.0M$57.4M15xas long as short
SunX BTC-USDT+0.0100%8h85,757−0.056%$2.9M$6.6M100xas long as short
SoDEX BTC-USD+0.0100%1h85,822+0.020%$60.1M$337.9M40xas long as short
Phemex BTCUSDT+0.0100%8h85,820.8+0.018%$154.3M$479.5M150xas long as short
Bulk BTC-USD+0.0100%1h85,804.90.000%$582.3M$118.5M40xas long as short
Extended BTC-USD+0.0104%1h85,795.9−0.011%$44.9M$227.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,754.4−0.059%$101.4M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,858.2+0.062%$131.8M$5.26B50xas long as short
Hibachi BTC/USDT-P+0.0136%1h85,756.8−0.056%$706K$7.9M30xas long as short
Kraken Futures PF_XBTUSD+0.0146%1h85,848.5+0.051%$189.1M$970.5M100xas long as short
Aftermath Perps BTCUSD+0.0151%1h85,820.7+0.018%$77K$217K20xas long as short
Deribit BTC-PERPETUAL+0.0160%1h85,862.6+0.067%$895.7M$1.54B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0204% / S −0.0194%1h85,794.6−0.012%$13.8M200xas long as short
Kalshi KXBTCPERP+0.0205%8h85,788−0.020%$10.0M$769.6M6.4xas long as short