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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.018%
Price spread now: BingX against Extended+0.002%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$150.151% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.090%−$9 on $10k
Price spread, last 7 days−0.015%−$1 · spread now +0.002%, 7d avg −0.003%
Together, before fees−0.105%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD85,4470.0104pay 0.0013% / 1h44m 46s$45.7M$241.5M50x
ShortBingX BTC-USDC85,448.60.0080get 0.0080% / 8h7h 44m$17.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
−$5.04
Price spread: +0.002% → −0.003%
$0.44
Slippage, 4 orders
−$0.14
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$19.74
Costs to cover
0.151%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; BingX: live order book, 9 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 Extended live order book, 4 min ago0.06 bp2.6 bp −$32.6 bp −$263.2 bp −$3159.2 bp −$4,616
Sell BingX live order book, 9 min ago0.01 bp5.0 bp −$55.2 bp −$526.4 bp −$6398.0 bp −$3,990

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
Hotstuff BTC-PERP−0.0080%1h85,478+0.036%$8K$2K50xas long as short
BloFin BTC-USDT−0.0020%8h85,475.8+0.034%$422.6M$682.3M150xas long as short
Injective BTC/USDC PERP−0.0006%1h85,493+0.054%$307K$23.6M52xas long as short
01 Exchange BTCUSD0.0000%1h85,496+0.057%$346K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,483.5+0.043%$36.6M200xas long as short
KuCoin XBTUSDTM+0.0010%8h85,472.7+0.030%$932.3M$776.0M125xas long as short
Aster BTCUSDT+0.0030%8h85,454.6+0.009%$502.4M$1.08B200xas long as short
dYdX BTC-USD+0.0055%1h85,475.8+0.034%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0068%1h85,487.4+0.047%$186.3M$947.3M100xas long as short
Phoenix BTC+0.0075%1h85,525+0.091%$2.3M$10.4M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDCshort+0.0080%8h85,448.6+0.002%$17.4M
Lighter BTC+0.0096%1h85,472.2+0.029%$170.3M$942.0M50xas long as short
Lighter RH BTC+0.0096%1h85,474.4+0.032%$23.6M$133.8M50xas long as short
Popdex BTCUSDT+0.0096%1h85,480+0.039%$8.7M$58.4M100xas long as short
Aevo BTC-PERP+0.0096%1h85,468.6+0.025%$2.4M$6.7M20xas long as short
Deribit BTC-PERPETUAL+0.0099%1h85,513.7+0.078%$831.6M$1.66B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,455+0.009%$266K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,516.7+0.082%$5.7M$9.6M50xas long as short
Nado BTC-PERP+0.0100%1h85,474.3+0.032%$24.1M$217.6M50xas long as short
Pacifica BTC+0.0100%1h85,486.7+0.046%$40.1M$605.5M50xas long as short
Binance BTCUSDT+0.0100%8h85,456.8+0.011%$9.41B$25.10B150xas long as short
Bybit BTCUSDT+0.0100%8h85,455.1+0.009%$5.09B$10.00B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,454.3+0.009%$2.61B$12.21B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,478+0.036%$3.9M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,488+0.048%$4.7M$97.6M40xas long as short
Bulk BTC-USD+0.0100%1h85,453+0.007%$700.3M$171.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,469.8+0.027%$5.51B$9.87B200xas long as short
MEXC BTC_USDT+0.0100%8h85,473+0.030%$5.06B$5.73B500xas long as short
Bitget BTCUSDT+0.0100%8h85,458.2+0.013%$2.98B$5.17B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,473+0.030%$37.8M$193.8M75xas long as short
Variational Omni BTC+0.0100%8h85,465.7+0.022%$156.0M$544.2Mas long as short
edgeX BTCUSDC+0.0100%4h85,452.5+0.006%$283.3M$961.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,471.5+0.029%$214.7M$156.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,488.2+0.048%$136.6M$312.4M100xas long as short
StandX BTC-USD+0.0100%1h85,487.1+0.047%$30.1M$218.5M40xas long as short
Vest BTC-PERP+0.0100%1h85,555.8+0.127%$9.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,240−0.242%$10.9M$14.9M50xas long as short
Bullet BTC-USD+0.0100%1h85,483.8+0.043%$200K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,478.4+0.037%$2.7M$9.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h84,629.4−0.957%$192K$796K40xas long as short
SunX BTC-USDT+0.0100%8h85,480.9+0.040%$2.9M$6.7M100xas long as short
SoDEX BTC-USD+0.0100%1h85,475+0.033%$59.8M$336.6M40xas long as short
HTX BTC-USDT+0.0100%8h85,477+0.035%$2.26B$974.2M200xas long as short
Phemex BTCUSDT+0.0100%8h85,482+0.041%$160.9M$517.5M150xas long as short
Extended BTC-USDlong+0.0104%1h85,447long leg$45.7M$241.5M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,501.6+0.064%$107.4M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,515.4+0.080%$112.0M$5.46B50xas long as short
Reya BTCRUSDPERP+0.0147%1h85,469.1+0.026%$6.6M$139.1M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0148%1h85,484+0.043%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0190%8h85,516+0.081%$10.6M$739.1M6.4xas long as short
Hyperliquid BTC+0.0193%1h85,534+0.102%$3.79B$5.16B40xas long as short
RISEx BTC/USDC+0.0194%1h85,506.1+0.069%$8.9M$42.7M25xas long as short
Derive BTC-PERP+0.0240%1h85,554.9+0.126%$28.9M$49.3M15xas long as short
Aftermath Perps BTCUSD+0.0290%1h85,487.7+0.048%$81K$248K20xas long as short
Hibachi BTC/USDT-P+0.0344%1h85,539.2+0.108%$688K$7.7M30xas long as short
Perpl BTC+0.0447%43m85,503.1+0.066%$468K$18.4M6.7xas long as short