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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.013%
Price spread now: edgeX against HTX+0.007%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.210% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.164%−$16 on $10k
Price spread, last 4 days (all we have)+0.220%+$22 · spread now +0.007%, 7d avg −0.007%
Together, before fees+0.055%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.164%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT85,743.70.0090pay 0.0090% / 8h5h 11m$2.27B$935.9M200x
ShortedgeX BTCUSDC85,749.70.0100get 0.0050% / 4h1h 11m$280.1M$916.3M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against HTX. 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
$2.17
Price spread: +0.007% → −0.007%
$1.45
Slippage, 4 orders
−$0.04
Fee HTX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$17.43
Costs to cover
0.210%
Break-even
63.3 days
Slippage from HTX: live order book, 3 min ago; edgeX: 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 HTX live order book, 3 min ago0.01 bp6.0 bp −$66.0 bp −$606.1 bp −$6108.9 bp −$4,431
Sell edgeX live order book, 3 min ago0.01 bp4.5 bp −$54.5 bp −$454.6 bp −$4615.6 bp −$2,808

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−0.0618%1h85,862.9+0.139%$197K$721K40xas long as short
Phoenix BTC−0.0160%1h85,728−0.018%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,786+0.049%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h85,806.8+0.074%$369K$2.3M50xas long as short
BloFin BTC-USDT−0.0032%8h85,743.90.000%$417.6M$665.4M150xas long as short
dYdX BTC-USD0.0000%1h85,797.2+0.062%$16.8M$21.2M50xas long as short
KuCoin XBTUSDTM+0.0004%8h85,794.9+0.060%$920.1M$751.4M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,824.8+0.095%$36.7M200xas long as short
Nado BTC-PERP+0.0013%1h85,803.4+0.070%$22.6M$219.5M50xas long as short
Aster BTCUSDT+0.0019%8h85,800+0.066%$516.9M$1.10B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0057%8h85,812.3+0.080%$1.53Bas long as short
Bitget BTCUSDT+0.0072%8h85,808.5+0.076%$2.96B$5.01B150xas long as short
Reya BTCRUSDPERP+0.0073%1h85,801.8+0.068%$6.7M$146.5M40xas long as short
Injective BTC/USDC PERP+0.0079%1h85,807+0.074%$341K$26.9M52xas long as short
Phemex BTCUSDT+0.0080%8h85,735.3−0.010%$148.9M$480.0M150xas long as short
Aevo BTC-PERP+0.0080%1h85,739.2−0.005%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0087%8h85,808+0.075%$5.08B$5.65B500xas long as short
Binance BTCUSDT+0.0087%8h85,807.9+0.075%$9.36B$23.87B150xas long as short
HTX BTC-USDTlong+0.0090%8h85,743.7long leg$2.27B$935.9M200x
SoDEX BTC-USD+0.0093%1h85,7440.000%$60.0M$336.2M40xas long as short
Lighter BTC+0.0096%1h85,795.1+0.060%$175.0M$1.00B50xas long as short
Lighter RH BTC+0.0096%1h85,779.3+0.042%$23.9M$149.4M50xas long as short
Popdex BTCUSDT+0.0096%1h85,803+0.069%$8.4M$52.2M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,819.3+0.088%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,779+0.041%$198K$7.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,887.6+0.168%$3.75B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,819.9+0.089%$40.2M$577.3M50xas long as short
Bybit BTCUSDT+0.0100%8h85,821.5+0.091%$5.34B$9.57B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,829.9+0.101%$2.58B$12.12B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,774+0.035%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h85,783.5+0.046%$6.8M$97.5M40xas long as short
Bulk BTC-USD+0.0100%1h85,800.8+0.067%$635.6M$478.1M40xas long as short
Gate BTC_USDT+0.0100%8h85,819.1+0.088%$5.56B$10.56B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,740.3−0.004%$35.3M$172.9M75xas long as short
Variational Omni BTC+0.0100%8h85,806.6+0.073%$157.6M$550.1Mas long as short
edgeX BTCUSDCshort+0.0100%4h85,749.7+0.007%$280.1M$916.3M100x
GRVT BTC_USDT_Perp+0.0100%8h85,776.3+0.038%$215.4M$165.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,774.1+0.035%$140.3M$314.6M100xas long as short
StandX BTC-USD+0.0100%1h85,752.8+0.011%$30.3M$208.9M40xas long as short
Vest BTC-PERP+0.0100%1h85,843.8+0.117%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,806+0.073%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,810+0.077%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,808.7+0.076%$2.4M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,740.7−0.003%$30.0M$50.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,735.2−0.010%$2.9M$6.1M100xas long as short
Extended BTC-USD+0.0104%1h85,768.5+0.029%$44.2M$226.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,759.1+0.018%$105.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,777.9+0.040%$126.5M$5.10B50xas long as short
RISEx BTC/USDC+0.0120%1h85,833.1+0.104%$8.4M$42.2M25xas long as short
Deribit BTC-PERPETUAL+0.0126%1h85,785.1+0.048%$891.6M$1.53B50xas long as short
Kraken Futures PF_XBTUSD+0.0138%1h85,766.7+0.027%$189.3M$952.5M100xas long as short
Hibachi BTC/USDT-P+0.0192%1h85,792+0.056%$704K$7.8M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0178%1h85,818.7+0.087%$13.6M200xas long as short
Aftermath Perps BTCUSD+0.0203%1h85,796.9+0.062%$78K$219K20xas long as short
Kalshi KXBTCPERP+0.0219%8h85,783+0.046%$10.6M$758.1M6.4xas long as short
Perpl BTC+0.0447%43m85,801.9+0.068%$503K$19.3M6.7xas long as short