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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%
Price spread now: StandX against Gate−0.014%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.252% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 7 days+0.016%+$2 · spread now −0.014%, 7d avg −0.002%
Together, before fees+0.093%+ Points / potential airdropStandX: Active · farm board+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTC_USDT85,518.70.0100pay 0.0100% / 8h4h 23m$5.51B$10.72B200x
ShortStandX BTC-USD85,507.10.0100get 0.0013% / 1h23m 25s$30.2M$208.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Gate. 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
Price spread: −0.014% → −0.002%
−$1.15
Slippage, 4 orders
−$2.24
Fee Gate: 7.5 bp × 2 orders
−$15
Fee StandX: 4 bp × 2 orders
−$8
Net
−$26.39
Costs to cover
0.252%
Break-even
never at this rate
Slippage from Gate: live order book, 6 min ago; StandX: live order book, 1 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 Gate live order book, 6 min ago0.01 bp7.5 bp −$87.5 bp −$758.5 bp −$84711.4 bp −$5,701
Sell StandX live order book, 1 min ago0.76 bp5.5 bp −$56.5 bp −$657.5 bp −$7539.7 bp −$4,833

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−0.0179%1h85,485−0.039%$2.1M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,534+0.018%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0056%1h85,510.4−0.010%$365K$2.3M50xas long as short
BloFin BTC-USDT−0.0024%8h85,505.5−0.015%$417.1M$667.7M150xas long as short
KuCoin XBTUSDTM−0.0020%8h85,489.6−0.034%$920.0M$751.0M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,522.4+0.004%$36.5M200xas long as short
Aster BTCUSDT+0.0012%8h85,501.8−0.020%$515.5M$1.10B200xas long as short
dYdX BTC-USD+0.0015%1h85,497.7−0.025%$16.7M$21.2M50xas long as short
Arcus BTC-USD+0.0021%1h85,490.5−0.033%$4.4M$98.4M40xas long as short
Nado BTC-PERP+0.0022%1h85,520+0.001%$25.5M$222.3M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0062%8h85,516.4−0.003%$1.54Bas long as short
Phemex BTCUSDT+0.0073%8h85,510.2−0.010%$147.6M$487.2M150xas long as short
Bitget BTCUSDT+0.0078%8h85,515.8−0.003%$2.95B$5.07B150xas long as short
Reya BTCRUSDPERP+0.0083%1h85,505.1−0.016%$6.7M$146.7M40xas long as short
Lighter BTC+0.0096%1h85,529.9+0.013%$173.1M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,538.5+0.023%$23.9M$149.2M50xas long as short
Popdex BTCUSDT+0.0096%1h85,510−0.010%$8.4M$52.9M100xas long as short
MEXC BTC_USDT+0.0096%8h85,515.9−0.003%$5.07B$5.64B500xas long as short
Aevo BTC-PERP+0.0096%1h85,511.2−0.009%$2.5M$1.7M20xas long as short
Binance BTCUSDT+0.0097%8h85,515.8−0.003%$9.37B$24.14B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,486−0.038%$210K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,575.2+0.066%$4.9M$8.9M50xas long as short
Hyperliquid BTC+0.0100%1h85,586+0.079%$3.75B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,546+0.032%$40.7M$580.0M50xas long as short
Bybit BTCUSDT+0.0100%8h85,510.7−0.009%$5.21B$9.79B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,521.7+0.004%$2.58B$12.14B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,499−0.023%$3.8M$18.2M25xas long as short
Bulk BTC-USD+0.0100%1h85,516−0.003%$659.1M$647.8M40xas long as short
Gate BTC_USDTlong+0.0100%8h85,518.7long leg$5.51B$10.72B200x
Backpack BTC_USDC_PERP+0.0100%1h85,517−0.002%$35.7M$176.6M75xas long as short
Variational Omni BTC+0.0100%8h85,455.5−0.074%$153.7M$564.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,482.9−0.042%$279.2M$920.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,448.2−0.082%$214.5M$169.2M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,521.5+0.003%$139.8M$314.7M100xas long as short
StandX BTC-USDshort+0.0100%1h85,507.1−0.014%$30.2M$208.1M40x
Vest BTC-PERP+0.0100%1h85,566.3+0.056%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,510−0.010%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,515−0.004%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,514.4−0.005%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,555.4+0.043%$207K$738K40xas long as short
Derive BTC-PERP+0.0100%1h85,510.6−0.009%$29.9M$50.4M15xas long as short
SunX BTC-USDT+0.0100%8h85,496.2−0.026%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,520+0.002%$59.9M$336.2M40xas long as short
HTX BTC-USDT+0.0100%8h85,499.9−0.022%$2.26B$942.3M200xas long as short
Extended BTC-USD+0.0104%1h85,494.7−0.028%$44.6M$230.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,526.2+0.009%$107.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,560.8+0.049%$117.1M$5.19B50xas long as short
Deribit BTC-PERPETUAL+0.0141%1h85,561.6+0.050%$884.7M$1.57B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,475−0.051%$339K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,543.2+0.029%$187.6M$954.9M100xas long as short
RISEx BTC/USDC+0.0194%1h85,532.9+0.017%$8.2M$42.5M25xas long as short
Aftermath Perps BTCUSD+0.0201%1h85,518.60.000%$78K$219K20xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0177%1h85,521.6+0.003%$13.4M200xas long as short
Hibachi BTC/USDT-P+0.0208%1h85,537.3+0.022%$703K$7.9M30xas long as short
Kalshi KXBTCPERP+0.0218%8h85,539+0.024%$10.5M$756.5M6.4xas long as short
Perpl BTC+0.0447%43m85,538.3+0.023%$500K$18.8M6.7xas long as short