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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.012%
Price spread now: Jupiter Perps against BloFin−0.003%52s7-day average +0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.073%−$7 on $10k
Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.003%, 7d avg +0.014%
Together, before fees−0.036%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BTC-USDT85,495.6−0.0020get 0.0020% / 8h3h 25m$419.0M$675.7M150x
ShortJupiter Perps WBTC-PERP85,492.8L +0.0104% / S +0.0048%pay 0.0006% / 1h25m 41s$107.3M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter 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
−$5.88
Price spread: −0.003% → +0.014%
−$1.77
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$31.65
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 9 min ago; Jupiter Perps: no order-book sample. Net counts fees only.

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, 9 min ago0.01 bp6.2 bp −$66.4 bp −$647.0 bp −$698doesn't fit
Sell Jupiter Perps no order-book sample
Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0140%1h85,526+0.036%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,452−0.051%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0042%8h85,447.2−0.057%$918.0M$757.4M125xas long as short
BloFin BTC-USDTlong−0.0020%8h85,495.6long leg$419.0M$675.7M150x
01 Exchange BTCUSD−0.0016%1h85,451.2−0.052%$365K$2.3M50xas long as short
Aster BTCUSDT−0.0002%8h85,449.3−0.054%$514.6M$1.10B200xas long as short
Perpl BTC0.0000%43m85,489.6−0.007%$502K$18.7M6.7xas long as short
Nado BTC-PERP+0.0004%1h85,483−0.015%$24.6M$223.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,485.8−0.011%$36.5M200xas long as short
dYdX BTC-USD+0.0038%1h85,485.8−0.012%$16.8M$21.2M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0044%1h85,514+0.022%$339K$26.9M52xas long as short
BingX BTC-USDC+0.0065%8h85,432.4−0.074%$17.2Mas long as short
SoDEX BTC-USD+0.0066%1h85,456−0.046%$59.9M$336.0M40xas long as short
Deribit BTC-PERPETUAL+0.0066%1h85,508.1+0.015%$884.7M$1.59B50xas long as short
Phemex BTCUSDT+0.0073%8h85,471−0.029%$148.3M$495.5M150xas long as short
Bitget BTCUSDT+0.0080%8h85,441.6−0.063%$2.95B$5.11B150xas long as short
Lighter BTC+0.0096%1h85,466.3−0.034%$172.0M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,467.9−0.032%$24.0M$148.6M50xas long as short
Popdex BTCUSDT+0.0096%1h85,439−0.066%$8.4M$55.0M100xas long as short
Aevo BTC-PERP+0.0096%1h85,452.9−0.050%$2.7M$2.0M20xas long as short
MEXC BTC_USDT+0.0099%8h85,451.1−0.052%$5.06B$5.66B500xas long as short
Binance BTCUSDT+0.0099%8h85,451−0.052%$9.43B$24.41B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,433−0.073%$208K$8.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,523.5+0.033%$5.7M$9.4M50xas long as short
Hyperliquid BTC+0.0100%1h85,540+0.052%$3.79B$5.02B40xas long as short
Pacifica BTC+0.0100%1h85,498+0.003%$40.1M$588.0M50xas long as short
Bybit BTCUSDT+0.0100%8h85,451.2−0.052%$5.18B$9.86B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,464.4−0.036%$2.59B$12.12B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,450−0.053%$3.8M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h85,451.4−0.052%$4.7M$100.4M40xas long as short
Bulk BTC-USD+0.0100%1h85,517.4+0.026%$680.3M$725.5M40xas long as short
Gate BTC_USDT+0.0100%8h85,458.2−0.044%$5.53B$10.81B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,454.9−0.048%$36.2M$179.0M75xas long as short
Variational Omni BTC+0.0100%8h85,453−0.050%$154.1M$565.9Mas long as short
edgeX BTCUSDC+0.0100%4h85,513.5+0.021%$279.3M$928.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,538.4+0.050%$215.0M$168.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,591+0.112%$139.9M$315.5M100xas long as short
StandX BTC-USD+0.0100%1h85,549+0.062%$30.2M$207.2M40xas long as short
Vest BTC-PERP+0.0100%1h85,544.4+0.057%$11.2M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,486−0.011%$11.1M$14.3M50xas long as short
Bullet BTC-USD+0.0100%1h85,474−0.025%$199K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,463.2−0.038%$2.5M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,509.4+0.016%$207K$738K40xas long as short
Derive BTC-PERP+0.0100%1h85,458.2−0.044%$30.0M$50.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,462.6−0.039%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,458.6−0.043%$2.26B$948.7M200xas long as short
Reya BTCRUSDPERP+0.0100%1h85,479.3−0.019%$6.6M$147.1M40xas long as short
Extended BTC-USD+0.0104%1h85,424.5−0.083%$45.0M$233.6M50xas long as short
Jupiter Perps WBTC-PERPshortL +0.0104% / S +0.0048%1h85,492.8−0.003%$107.3M500x
Coinbase International BTC-PERP-INTX+0.0104%1h85,494.4−0.001%$117.2M$5.25B50xas long as short
Kraken Futures PF_XBTUSD+0.0135%1h85,481.9−0.016%$187.5M$954.7M100xas long as short
RISEx BTC/USDC+0.0174%1h85,470−0.030%$8.6M$43.0M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0149%1h85,490.3−0.006%$13.1M200xas long as short
Kalshi KXBTCPERP+0.0188%8h85,509+0.016%$11.7M$754.3M6.4xas long as short
Hibachi BTC/USDT-P+0.0248%1h85,531.5+0.042%$697K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0250%1h85,536.5+0.048%$78K$221K20xas long as short