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−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against Extended+0.063%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$130.132% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 7 days−0.029%−$3 · spread now +0.063%, 7d avg +0.061%
Together, before fees−0.041%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD85,446.80.0104pay 0.0013% / 1h49m 09s$45.7M$241.7M50x
ShortPacifica BTC85,500.40.0100get 0.0013% / 1h49m 09s$40.1M$605.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$0.84
Price spread: +0.063% → +0.061%
$0.17
Slippage, 4 orders
−$0.23
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$13.91
Costs to cover
0.132%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; Pacifica: live order book, 5 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, 5 min ago0.06 bp2.6 bp −$32.6 bp −$262.7 bp −$27410.3 bp −$5,158
Sell Pacifica live order book, 5 min ago0.06 bp4.1 bp −$44.4 bp −$44doesn'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
Hotstuff BTC-PERP−0.0080%1h85,465+0.021%$8K$2K50xas long as short
BloFin BTC-USDT−0.0020%8h85,461.7+0.017%$422.8M$681.9M150xas long as short
Injective BTC/USDC PERP−0.0006%1h85,467+0.024%$307K$23.3M52xas long as short
01 Exchange BTCUSD0.0000%1h85,481.8+0.041%$344K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,476.9+0.035%$36.6M200xas long as short
KuCoin XBTUSDTM+0.0007%8h85,464.4+0.021%$932.4M$775.9M125xas long as short
Aster BTCUSDT+0.0028%8h85,463.5+0.020%$502.4M$1.08B200xas long as short
dYdX BTC-USD+0.0030%1h85,475.8+0.034%$16.7M$21.0M50xas long as short
Deribit BTC-PERPETUAL+0.0066%1h85,501.7+0.064%$831.0M$1.66B50xas long as short
Kraken Futures PF_XBTUSD+0.0068%1h85,480.8+0.040%$186.3M$949.4M100xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC+0.0075%1h85,516+0.081%$2.3M$10.4M40xas long as short
BingX BTC-USDC+0.0080%8h85,448.5+0.002%$17.4Mas long as short
Lighter BTC+0.0096%1h85,480.5+0.039%$170.3M$941.1M50xas long as short
Lighter RH BTC+0.0096%1h85,482.3+0.042%$23.6M$133.7M50xas long as short
Popdex BTCUSDT+0.0096%1h85,473+0.031%$8.7M$58.4M100xas long as short
Aevo BTC-PERP+0.0096%1h85,459.1+0.014%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,452+0.006%$265K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,509.1+0.073%$5.7M$9.6M50xas long as short
Nado BTC-PERP+0.0100%1h85,471.1+0.028%$24.1M$220.2M50xas long as short
Pacifica BTCshort+0.0100%1h85,500.4+0.063%$40.1M$605.5M50x
Binance BTCUSDT+0.0100%8h85,462.7+0.019%$9.41B$25.13B150xas long as short
Bybit BTCUSDT+0.0100%8h85,455.4+0.010%$5.09B$10.01B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,458.1+0.013%$2.61B$12.22B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,488+0.048%$3.9M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,485.1+0.045%$4.6M$97.5M40xas long as short
Bulk BTC-USD+0.0100%1h85,382−0.076%$697.9M$180.4M40xas long as short
Gate BTC_USDT+0.0100%8h85,468.8+0.026%$5.50B$9.86B200xas long as short
MEXC BTC_USDT+0.0100%8h85,466.4+0.023%$5.05B$5.72B500xas long as short
Bitget BTCUSDT+0.0100%8h85,460.7+0.016%$2.98B$5.17B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,462.5+0.018%$37.8M$193.8M75xas long as short
Variational Omni BTC+0.0100%8h85,465.8+0.022%$155.8M$547.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,416.6−0.035%$283.2M$960.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,448.6+0.002%$214.4M$157.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,449.8+0.004%$136.7M$313.1M100xas long as short
StandX BTC-USD+0.0100%1h85,472.1+0.030%$30.1M$217.7M40xas long as short
Vest BTC-PERP+0.0100%1h85,541.3+0.111%$9.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,261−0.217%$10.9M$14.9M50xas long as short
Bullet BTC-USD+0.0100%1h85,470+0.027%$199K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,469.2+0.026%$2.7M$9.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,513.8+0.078%$194K$796K40xas long as short
SunX BTC-USDT+0.0100%8h85,481.5+0.041%$2.9M$6.3M100xas long as short
SoDEX BTC-USD+0.0100%1h85,468+0.025%$59.8M$336.7M40xas long as short
HTX BTC-USDT+0.0100%8h85,469.3+0.026%$2.26B$975.1M200xas long as short
Phemex BTCUSDT+0.0100%8h85,469.4+0.026%$160.6M$517.4M150xas long as short
Extended BTC-USDlong+0.0104%1h85,446.8long leg$45.7M$241.7M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,455.5+0.010%$107.4M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,516+0.081%$111.6M$5.47B50xas long as short
Reya BTCRUSDPERP+0.0147%1h85,458.1+0.013%$6.6M$139.6M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0148%1h85,474.6+0.033%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0187%8h85,498+0.060%$10.7M$739.4M6.4xas long as short
RISEx BTC/USDC+0.0194%1h85,496.7+0.058%$8.9M$42.8M25xas long as short
Derive BTC-PERP+0.0240%1h85,554.9+0.126%$28.9M$49.3M15xas long as short
Hyperliquid BTC+0.0240%1h85,550+0.121%$3.82B$5.14B40xas long as short
Aftermath Perps BTCUSD+0.0291%1h85,442.2−0.005%$81K$246K20xas long as short
Hibachi BTC/USDT-P+0.0336%1h85,530.4+0.098%$686K$7.7M30xas long as short
Perpl BTC+0.0447%43m85,484.3+0.044%$468K$18.4M6.7xas long as short