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% APRpaid last 24h −0.004%
Price spread now: HTX against Jupiter Perps−0.048%7-day average −0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.040%−$4 on $10k
Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.048%, 7d avg −0.023%
Together, before fees−0.162%−$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.025% cheaper against Jupiter Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps WBTC-PERP85,862.3L +0.0104% / S +0.0056%pay 0.0013% / 1h19m 07s$95.3M500x
ShortHTX BTC-USDT85,820.80.0100get 0.0100% / 8h7h 19m$2.27B$917.7M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Jupiter Perps. 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: −0.048% → −0.023%
−$2.54
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$27.38
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; HTX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Jupiter Perps no order-book sample
Sell HTX live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.7 bp −$67010.4 bp −$5,218
Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0659%1h85,858.9−0.004%$194K$684K40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,794−0.080%$8K$2K50xas long as short
BloFin BTC-USDT−0.0020%8h85,812.5−0.058%$425.5M$623.1M150xas long as short
Injective BTC/USDC PERP−0.0006%1h85,817−0.053%$307K$26.6M52xas long as short
01 Exchange BTCUSD0.0000%1h85,838.5−0.028%$354K$2.1M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,830−0.038%$36.7M200xas long as short
KuCoin XBTUSDTM+0.0024%8h85,820.8−0.048%$923.9M$697.0M125xas long as short
Aster BTCUSDT+0.0042%8h85,868.3+0.007%$505.3M$1.00B200xas long as short
dYdX BTC-USD+0.0047%1h85,874+0.014%$16.8M$20.4M50xas long as short
Kraken Futures PF_XBTUSD+0.0068%1h85,839.5−0.027%$187.2M$876.7M100xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC+0.0075%1h85,843−0.023%$2.3M$10.4M40xas long as short
BingX BTC-USDC+0.0080%8h85,821−0.048%$17.4Mas long as short
Nado BTC-PERP+0.0084%1h85,828.4−0.040%$22.8M$211.2M50xas long as short
Lighter BTC+0.0096%1h85,833.4−0.034%$172.3M$955.9M50xas long as short
Lighter RH BTC+0.0096%1h85,828−0.040%$23.2M$136.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,838−0.028%$8.7M$52.9M100xas long as short
Aevo BTC-PERP+0.0096%1h85,817.8−0.052%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,818−0.052%$256K$8.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,917+0.064%$5.8M$9.1M50xas long as short
Pacifica BTC+0.0100%1h85,883+0.024%$40.4M$591.1M50xas long as short
Binance BTCUSDT+0.0100%8h85,844.1−0.021%$9.43B$23.37B150xas long as short
Bybit BTCUSDT+0.0100%8h85,850.4−0.014%$5.10B$9.73B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,844.7−0.021%$2.61B$10.91B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,844−0.021%$3.9M$16.4M25xas long as short
Arcus BTC-USD+0.0100%1h85,859.8−0.003%$4.6M$95.7M40xas long as short
Bulk BTC-USD+0.0100%1h85,303.3−0.651%$702.0M$164.8M40xas long as short
Gate BTC_USDT+0.0100%8h85,840.7−0.025%$5.51B$10.04B200xas long as short
MEXC BTC_USDT+0.0100%8h85,826.6−0.042%$5.09B$5.81B500xas long as short
Bitget BTCUSDT+0.0100%8h85,869.5+0.008%$2.99B$4.66B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,820.7−0.048%$37.8M$188.3M75xas long as short
Variational Omni BTC+0.0100%8h85,817.8−0.052%$156.4M$529.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,769−0.109%$286.9M$969.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,841.6−0.024%$215.6M$155.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,826.9−0.041%$137.1M$305.1M100xas long as short
StandX BTC-USD+0.0100%1h85,846.8−0.018%$30.3M$215.6M40xas long as short
Vest BTC-PERP+0.0100%1h85,916.3+0.063%$9.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,846−0.019%$11.0M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h85,828−0.040%$210K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,829.4−0.038%$2.6M$9.5M100xas long as short
Derive BTC-PERP+0.0100%1h85,444.6−0.486%$28.8M$52.4M15xas long as short
SunX BTC-USDT+0.0100%8h85,814.6−0.056%$3.1M$6.9M100xas long as short
SoDEX BTC-USD+0.0100%1h85,815−0.055%$60.1M$283.8M40xas long as short
HTX BTC-USDTshort+0.0100%8h85,820.8−0.048%$2.27B$917.7M200x
Phemex BTCUSDT+0.0100%8h85,828−0.040%$166.2M$503.0M150xas long as short
Extended BTC-USD+0.0104%1h85,797.7−0.075%$46.2M$227.1M50xas long as short
Jupiter Perps WBTC-PERPlongL +0.0104% / S +0.0056%1h85,862.3long leg$95.3M500x
Coinbase International BTC-PERP-INTX+0.0112%1h85,869+0.008%$112.4M$5.34B50xas long as short
Deribit BTC-PERPETUAL+0.0148%1h85,866.3+0.005%$832.8M$1.62B50xas long as short
Reya BTCRUSDPERP+0.0151%1h85,822.8−0.046%$6.6M$135.0M40xas long as short
Hyperliquid BTC+0.0155%1h85,913+0.059%$3.86B$4.75B40xas long as short
Kalshi KXBTCPERP+0.0189%8h85,880+0.021%$11.0M$728.2M6.4xas long as short
RISEx BTC/USDC+0.0194%1h85,872.2+0.011%$9.0M$41.0M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0198% / S −0.0175%1h85,805.8−0.066%$12.9M200xas long as short
Hibachi BTC/USDT-P+0.0336%1h85,833.6−0.033%$701K$7.4M30xas long as short
Aftermath Perps BTCUSD+0.0360%1h85,709.5−0.178%$81K$260K20xas long as short
Perpl BTC+0.0447%43m85,811.6−0.059%$462K$17.3M6.7xas long as short