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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%
Price spread now: SunX against Extended+0.039%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$150.155% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$5 on $10k
Price spread, last 3 days (all we have)−0.110%−$11 · spread now +0.039%, 7d avg +0.023%
Together, before fees−0.155%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTC-USD86,554.70.0104pay 0.0013% / 1h0m 10s$46.4M$226.7M50x
ShortSunX BTC-USDT86,588.10.0100get 0.0100% / 8h2h 00m$3.4M$5.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.039% → +0.023%
$1.6
Slippage, 4 orders
−$2.49
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$14.72
Costs to cover
0.155%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; SunX: live order book, 8 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 −$262.6 bp −$2568.3 bp −$4,160
Sell SunX live order book, 8 min ago0.72 bp5.4 bp −$56.3 bp −$638.9 bp −$89112.4 bp −$6,209

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
Aftermath Perps BTCUSD−0.0248%1h86,615.5+0.070%$81K$193K20xas long as short
Perpl BTC−0.0223%43m86,606.5+0.060%$425K$24.5M6.7xas long as short
Phoenix BTC−0.0103%1h86,561+0.007%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,582+0.032%$9K$3K50xas long as short
dYdX BTC-USD−0.0066%1h86,591.4+0.042%$17.6M$20.6M50xas long as short
Aster BTCUSDT−0.0003%8h86,575+0.024%$505.5M$1.16B200xas long as short
01 Exchange BTCUSD0.0000%1h86,612.9+0.067%$360K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,599.6+0.052%$927.6M$1.47B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,611.2+0.065%$36.8M200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,571.7+0.020%$850.1M$709.7M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0022%1h86,580.9+0.030%$6.7M$144.6M40xas long as short
BingX BTC-USDT+0.0030%8h86,566.1+0.013%$1.59Bas long as short
Phemex BTCUSDT+0.0032%8h86,569.9+0.018%$149.6M$472.6M150xas long as short
Bitget BTCUSDT+0.0038%8h86,559.4+0.005%$2.95B$5.09B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,614+0.069%$315K$26.8M52xas long as short
Aevo BTC-PERP+0.0056%1h86,586.4+0.037%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0058%8h86,560.1+0.006%$5.18B$5.73B500xas long as short
Binance BTCUSDT+0.0059%8h86,562.5+0.009%$9.42B$24.38B150xas long as short
RISEx BTC/USDC+0.0063%1h86,601.3+0.054%$8.5M$43.2M25xas long as short
Gate BTC_USDT+0.0081%8h86,563.9+0.011%$5.85B$10.72B200xas long as short
Bybit BTCUSDT+0.0086%8h86,567+0.014%$5.28B$9.74B150xas long as short
Lighter BTC+0.0096%1h86,569.8+0.017%$172.0M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,584.9+0.035%$24.1M$154.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,588+0.039%$8.5M$52.3M100xas long as short
OKX BTC-USDT-SWAP+0.0099%8h86,565+0.012%$2.55B$12.73B100xas long as short
Katana Perps BTC-USD+0.0100%8h86,578+0.027%$201K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,639.8+0.098%$4.8M$8.3M50xas long as short
Nado BTC-PERP+0.0100%1h86,585.1+0.035%$21.7M$235.0M50xas long as short
Hyperliquid BTC+0.0100%1h86,638.1+0.096%$3.81B$5.12B40xas long as short
Pacifica BTC+0.0100%1h86,622.8+0.079%$40.9M$498.0M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,595+0.047%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,662.8+0.125%$7.4M$94.2M40xas long as short
Bulk BTC-USD+0.0100%1h86,590.2+0.041%$572.1M$20.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,566.3+0.013%$38.2M$151.5M75xas long as short
Variational Omni BTC+0.0100%8h86,596.1+0.048%$159.3M$566.2Mas long as short
edgeX BTCUSDC+0.0100%4h86,553.8−0.001%$279.5M$942.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,562.1+0.009%$217.2M$185.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,565.5+0.012%$141.5M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,588.3+0.039%$30.7M$203.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,642.1+0.101%$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,600+0.052%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,591+0.042%$190K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,598.5+0.051%$2.5M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,613+0.067%$140K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,588.9+0.040%$30.0M$61.7M15xas long as short
SunX BTC-USDTshort+0.0100%8h86,588.1+0.039%$3.4M$5.5M100x
SoDEX BTC-USD+0.0100%1h86,565+0.012%$60.5M$336.7M40xas long as short
HTX BTC-USDT+0.0100%8h86,583.3+0.033%$2.30B$960.5M200xas long as short
Extended BTC-USDlong+0.0104%1h86,554.7long leg$46.4M$226.7M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,623.4+0.079%$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,590.1+0.041%$187.0M$934.9M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,619.6+0.075%$131.9M$5.82B50xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,622.8+0.079%$774K$8.1M30xas long as short
Kalshi KXBTCPERP+0.0179%8h86,622+0.078%$9.6M$727.2M6.4xas long as short
BloFin BTC-USDT+0.0179%8h86,596.9+0.049%$416.9M$655.7M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,607.1+0.061%$15.0M200xas long as short