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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0287%/8h= +31.4% APRpaid last 24h +0.038%
Price spread now: Aftermath Perps against BloFin+0.035%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$310.312% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.122%+$12 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.035%, 7d avg +0.029%
Together, before fees+0.139%+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BTC-USDT85,455−0.0022get 0.0022% / 8h1h 04m$421.8M$681.5M150x
ShortAftermath Perps BTCUSD85,484.90.0264get 0.0033% / 1h4m 38s$79K$242K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BloFin. 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
$60.18
Price spread: +0.035% → +0.029%
$0.59
Slippage, 4 orders
−$10.22
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$29.56
Costs to cover
0.312%
Break-even
3.6 days
Slippage from BloFin: live order book, 5 min ago; Aftermath Perps: live order book, 45 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 BloFin live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.1 bp −$609doesn't fit
Sell Aftermath Perps live order book, 45 min ago0.14 bp10.6 bp −$11doesn't fitdoesn't fitdoesn't fit

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%1h85,520+0.076%$2.3M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,456+0.001%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0033%8h85,428.2−0.031%$928.9M$772.9M125xas long as short
BloFin BTC-USDTlong−0.0022%8h85,455long leg$421.8M$681.5M150x
Aster BTCUSDT−0.0003%8h85,417.7−0.044%$512.7M$1.09B200xas long as short
01 Exchange BTCUSD0.0000%1h85,435.6−0.023%$352K$2.4M50xas long as short
Perpl BTC0.0000%43m85,439.3−0.018%$492K$18.3M6.7xas long as short
dYdX BTC-USD+0.0001%1h85,475.9+0.024%$16.7M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,445.5−0.011%$36.5M200xas long as short
Deribit BTC-PERPETUAL+0.0034%1h85,467+0.014%$853.6M$1.64B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0045%1h85,459.2+0.005%$24.1M$219.8M50xas long as short
Injective BTC/USDC PERP+0.0057%1h85,486+0.036%$339K$26.8M52xas long as short
BingX BTC-USDT+0.0074%8h85,414−0.048%$1.57Bas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,439.7−0.018%$186.0M$951.1M100xas long as short
Bitget BTCUSDT+0.0091%8h85,408.3−0.055%$2.97B$5.15B150xas long as short
Bybit BTCUSDT+0.0092%8h85,407.9−0.055%$5.14B$9.96B150xas long as short
SoDEX BTC-USD+0.0095%1h85,425−0.035%$59.8M$336.6M40xas long as short
Lighter BTC+0.0096%1h85,428.2−0.031%$169.7M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,428.8−0.031%$23.6M$148.9M50xas long as short
Popdex BTCUSDT+0.0096%1h85,414−0.048%$8.4M$57.2M100xas long as short
Aevo BTC-PERP+0.0096%1h85,447.2−0.009%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0097%8h85,415.7−0.046%$5.04B$5.78B500xas long as short
Binance BTCUSDT+0.0098%8h85,416.1−0.046%$9.42B$24.86B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,393−0.073%$245K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,459.4+0.005%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,496+0.048%$3.75B$5.06B40xas long as short
Pacifica BTC+0.0100%1h85,4550.000%$40.4M$603.0M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,415.7−0.046%$2.60B$12.18B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,414−0.048%$3.8M$17.1M25xas long as short
Arcus BTC-USD+0.0100%1h85,406.7−0.057%$5.1M$96.0M40xas long as short
Gate BTC_USDT+0.0100%8h85,418.1−0.043%$5.55B$11.09B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,418.8−0.042%$37.4M$182.1M75xas long as short
Variational Omni BTC+0.0100%8h85,432.9−0.026%$156.6M$557.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,406.3−0.057%$279.8M$952.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,439.5−0.018%$214.5M$163.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,439.8−0.018%$139.7M$313.1M100xas long as short
StandX BTC-USD+0.0100%1h85,428.5−0.031%$30.1M$207.3M40xas long as short
Vest BTC-PERP+0.0100%1h85,497.2+0.049%$10.2M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,440−0.018%$11.0M$14.6M50xas long as short
Bullet BTC-USD+0.0100%1h85,439−0.019%$199K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,431.5−0.027%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,468.7+0.016%$194K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,451.8−0.004%$30.0M$46.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,464.8+0.011%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,431.8−0.027%$2.26B$962.6M200xas long as short
Phemex BTCUSDT+0.0100%8h85,442.4−0.015%$157.1M$512.1M150xas long as short
Bulk BTC-USD+0.0100%1h85,413.1−0.049%$689.0M$342.5M40xas long as short
Extended BTC-USD+0.0104%1h85,380−0.088%$45.2M$240.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,470.9+0.019%$104.3M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,459.8+0.006%$113.0M$5.48B50xas long as short
Reya BTCRUSDPERP+0.0134%1h85,429.2−0.030%$6.6M$147.7M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0150%1h85,446.9−0.010%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0176%8h85,483+0.033%$12.0M$739.0M6.4xas long as short
RISEx BTC/USDC+0.0193%1h85,439.1−0.019%$8.8M$42.7M25xas long as short
Hibachi BTC/USDT-P+0.0208%1h85,495.5+0.047%$685K$7.8M30xas long as short
Aftermath Perps BTCUSDshort+0.0264%1h85,484.9+0.035%$79K$242K20x