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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: StandX against HTX+0.003%45s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$240.239% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.063%+$6 on $10k
Price spread, last 3 days (all we have)+0.094%+$9 · spread now +0.003%, 7d avg +0.005%
Together, before fees+0.157%+ Points / potential airdropStandX: Active · farm board+$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT86,553.30.0100pay 0.0100% / 8h2h 04m$2.30B$960.5M200x
ShortStandX BTC-USD86,5560.0100get 0.0013% / 1h4m 28s$30.7M$203.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$0
Price spread: +0.003% → +0.005%
−$0.17
Slippage, 4 orders
−$3.88
Fee HTX: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
−$24.05
Costs to cover
0.239%
Break-even
never at this rate
Slippage from HTX: live order book, 5 min ago; StandX: 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 HTX live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.5 bp −$6519.0 bp −$4,503
Sell StandX live order book, 5 min ago0.40 bp5.4 bp −$56.3 bp −$637.6 bp −$7629.3 bp −$4,651

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−0.0255%1h86,618+0.075%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,582.2+0.033%$425K$24.5M6.7xas long as short
Phoenix BTC−0.0103%1h86,554+0.001%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,552−0.002%$9K$3K50xas long as short
dYdX BTC-USD−0.0064%1h86,591.4+0.044%$17.6M$20.6M50xas long as short
Aster BTCUSDT−0.0003%8h86,542.5−0.012%$505.3M$1.16B200xas long as short
01 Exchange BTCUSD0.0000%1h86,579.9+0.031%$360K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,595.1+0.048%$927.3M$1.47B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,581.1+0.032%$36.9M200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,545.8−0.009%$850.6M$709.5M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0022%1h86,556.3+0.003%$6.7M$144.5M40xas long as short
BingX BTC-USDC+0.0029%8h86,544.1−0.011%$15.4Mas long as short
Phemex BTCUSDT+0.0032%8h86,563.2+0.011%$149.6M$472.0M150xas long as short
Bitget BTCUSDT+0.0037%8h86,559.5+0.007%$2.95B$5.09B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,770+0.250%$316K$26.8M52xas long as short
Aevo BTC-PERP+0.0056%1h86,559.6+0.007%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0057%8h86,558.8+0.006%$5.18B$5.72B500xas long as short
Binance BTCUSDT+0.0058%8h86,558.4+0.006%$9.42B$24.38B150xas long as short
RISEx BTC/USDC+0.0063%1h86,586.2+0.038%$8.9M$42.7M25xas long as short
Gate BTC_USDT+0.0081%8h86,562.1+0.010%$5.84B$10.71B200xas long as short
Bybit BTCUSDT+0.0083%8h86,563.9+0.012%$5.27B$9.74B150xas long as short
Lighter BTC+0.0096%1h86,571.8+0.021%$172.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,581+0.032%$24.1M$154.3M50xas long as short
Popdex BTCUSDT+0.0096%1h86,560+0.008%$8.5M$52.3M100xas long as short
OKX BTC-USDT-SWAP+0.0096%8h86,568+0.017%$2.55B$12.72B100xas long as short
Katana Perps BTC-USD+0.0100%8h86,549−0.005%$201K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,610.9+0.067%$4.8M$8.3M50xas long as short
Nado BTC-PERP+0.0100%1h86,558.5+0.006%$21.7M$234.9M50xas long as short
Hyperliquid BTC+0.0100%1h86,631+0.090%$3.81B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,594.1+0.047%$40.9M$498.0M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,574+0.024%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,633.5+0.093%$7.4M$94.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,682.4+0.149%$572.6M$21.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,562.7+0.011%$38.5M$151.0M75xas long as short
Variational Omni BTC+0.0100%8h86,546.2−0.008%$159.9M$565.9Mas long as short
edgeX BTCUSDC+0.0100%4h86,621.5+0.079%$279.7M$941.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,613.4+0.069%$217.6M$186.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,593.8+0.047%$141.7M$322.8M100xas long as short
StandX BTC-USDshort+0.0100%1h86,556+0.003%$30.7M$203.6M40x
Vest BTC-PERP+0.0100%1h86,612.3+0.068%$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,560+0.008%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,559+0.007%$191K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,573.4+0.023%$2.4M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,586.2+0.038%$140K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,568+0.017%$30.0M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,562.4+0.011%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,559+0.007%$60.5M$336.7M40xas long as short
HTX BTC-USDTlong+0.0100%8h86,553.3long leg$2.30B$960.5M200x
Extended BTC-USD+0.0104%1h86,552.1−0.001%$46.4M$226.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,584.8+0.036%$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,596+0.049%$187.1M$934.8M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,612.4+0.068%$131.8M$5.83B50xas long as short
Kalshi KXBTCPERP+0.0172%8h86,598+0.052%$9.5M$727.6M6.4xas long as short
Hibachi BTC/USDT-P+0.0176%1h86,594.8+0.048%$780K$7.9M30xas long as short
BloFin BTC-USDT+0.0178%8h86,558.6+0.006%$416.4M$655.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,573+0.023%$15.0M200xas long as short