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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.012%
Price spread now: BingX against dYdX−0.090%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$310.310% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.091%+$9 on $10k
Price spread, last 7 days+0.045%+$4 · spread now −0.090%, 7d avg −0.036%
Together, before fees+0.135%+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.054% cheaper against dYdX than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of −0.036%). If the spread goes back, that is −$5 on $10k: about 4.6 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BTC-USD86,458.70.0007pay 0.0001% / 1h55m 09s$16.9M$21.2M50x
ShortBingX BTC-USDC86,380.80.0046get 0.0046% / 8h7h 55m$15.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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
$8.24
Price spread: −0.090% → −0.036%
−$5.37
Slippage, 4 orders
−$10.98
Fee dYdX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$28.1
Costs to cover
0.310%
Break-even
30.9 days
Slippage from dYdX: live order book, 4 min ago; BingX: live order book, 3 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 dYdX live order book, 4 min ago2.54 bp7.5 bp −$87.5 bp −$7518.8 bp −$1,88248.8 bp −$24.4K
Sell BingX live order book, 3 min ago0.01 bp5.0 bp −$55.0 bp −$506.1 bp −$6087.8 bp −$3,910

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
Bluefin BTC-PERP−0.0536%1h86,401.4−0.066%$140K$664K40xas long as short
ApeX Omni BTCUSDT−0.0120%1h86,477.3+0.022%$141.6M$323.3M100xas long as short
Phoenix BTC−0.0118%1h86,544+0.099%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,401−0.067%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,387−0.083%$361K$2.4M50xas long as short
Perpl BTC0.0000%43m86,433.8−0.029%$416K$22.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,395.6−0.073%$36.9M200xas long as short
dYdX BTC-USDlong+0.0007%1h86,458.7long leg$16.9M$21.2M50x
Aster BTCUSDT+0.0015%8h86,371.1−0.101%$501.0M$1.15B200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,616+0.182%$333K$26.9M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BTC_USDT_Perp+0.0026%8h86,468.8+0.012%$217.1M$171.1M50xas long as short
KuCoin XBTUSDTM+0.0029%8h86,372.6−0.100%$833.4M$727.4M125xas long as short
Reya BTCRUSDPERP+0.0040%1h86,372.9−0.099%$6.7M$145.7M40xas long as short
Deribit BTC-PERPETUAL+0.0045%1h86,391.5−0.078%$906.8M$1.50B50xas long as short
BingX BTC-USDCshort+0.0046%8h86,380.8−0.090%$15.4M
SoDEX BTC-USD+0.0047%1h86,353−0.122%$60.4M$338.1M40xas long as short
RISEx BTC/USDC+0.0052%1h86,383.9−0.087%$8.3M$42.9M25xas long as short
Bitget BTCUSDT+0.0059%8h86,396.1−0.072%$2.96B$5.11B150xas long as short
Binance BTCUSDT+0.0076%8h86,366.6−0.107%$9.43B$24.53B150xas long as short
MEXC BTC_USDT+0.0076%8h86,358.8−0.116%$5.14B$5.64B500xas long as short
Aevo BTC-PERP+0.0080%1h86,444.5−0.016%$2.5M$1.4M20xas long as short
HTX BTC-USDT+0.0085%8h86,351.9−0.124%$2.29B$969.3M200xas long as short
Popdex BTCUSDT+0.0088%1h86,381−0.090%$8.4M$52.3M100xas long as short
Lighter BTC+0.0096%1h86,371.4−0.101%$170.0M$980.1M50xas long as short
Lighter RH BTC+0.0096%1h86,374.5−0.097%$23.7M$148.6M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,363−0.111%$198K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,418.2−0.047%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,407.6−0.059%$22.1M$233.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,454−0.005%$3.79B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,426−0.038%$40.7M$540.8M50xas long as short
Bybit BTCUSDT+0.0100%8h86,381.5−0.089%$5.26B$9.77B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,406.4−0.060%$2.55B$12.70B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,424−0.040%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h86,420.7−0.044%$7.3M$96.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,523.6+0.075%$572.9M$12.4M40xas long as short
Gate BTC_USDT+0.0100%8h86,402−0.066%$5.85B$10.43B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,380.9−0.090%$37.7M$156.1M75xas long as short
Variational Omni BTC+0.0100%8h86,440−0.022%$157.9M$568.6Mas long as short
edgeX BTCUSDC+0.0100%4h86,483.7+0.029%$279.3M$947.5M100xas long as short
StandX BTC-USD+0.0100%1h86,422.6−0.042%$30.7M$208.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,437−0.025%$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,377−0.094%$11.0M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,377−0.095%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,368.5−0.104%$2.5M$9.3M100xas long as short
Derive BTC-PERP+0.0100%1h86,393.6−0.075%$30.5M$62.7M15xas long as short
SunX BTC-USDT+0.0100%8h86,395.6−0.073%$3.4M$5.3M100xas long as short
Phemex BTCUSDT+0.0100%8h86,373−0.099%$152.8M$479.2M150xas long as short
Extended BTC-USD+0.0104%1h86,333.8−0.145%$45.8M$224.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,425.1−0.039%$100.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,405−0.062%$132.7M$5.60B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,390−0.079%$192.8M$952.8M100xas long as short
Aftermath Perps BTCUSD+0.0166%1h86,518.1+0.069%$78K$218K20xas long as short
Hibachi BTC/USDT-P+0.0176%1h86,443.7−0.017%$715K$8.0M30xas long as short
BloFin BTC-USDT+0.0196%8h86,351.5−0.124%$414.8M$657.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0222%1h86,388.5−0.081%$14.8M200xas long as short
Kalshi KXBTCPERP+0.0212%8h86,419−0.046%$9.2M$758.2M6.4xas long as short