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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.008%
Price spread now: MEXC against Jupiter Perps−0.001%7-day average −0.012% · 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 3 days (all we have)−0.024%−$2 on $10k
Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.001%, 7d avg −0.012%
Together, before fees−0.012%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps WBTC-PERP85,177L +0.0104% / S +0.0048%pay 0.0013% / 1h30m 28s$106.8M500x
ShortMEXC BTC_USDT85,176.50.0084get 0.0084% / 8h2h 30m$5.05B$5.71B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
−$4.2
Price spread: −0.001% → −0.012%
$1.11
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$19.09
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago0.01 bp2.0 bp −$22.0 bp −$202.0 bp −$2012.0 bp −$1,018
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
Perpl BTC−0.0112%43m85,141.9−0.041%$524K$18.6M6.7xas long as short
Phoenix BTC−0.0111%1h85,1770.000%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,161−0.019%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0054%8h85,161−0.019%$921.5M$763.3M125xas long as short
BloFin BTC-USDT−0.0035%8h85,135.4−0.049%$420.5M$678.3M150xas long as short
01 Exchange BTCUSD−0.0024%1h85,184.7+0.009%$373K$2.3M50xas long as short
Aster BTCUSDT−0.0015%8h85,157.5−0.023%$511.9M$1.09B200xas long as short
dYdX BTC-USD+0.0001%1h85,176.4−0.001%$16.7M$21.7M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,181.9+0.006%$36.4M200xas long as short
Nado BTC-PERP+0.0023%1h85,176.1−0.001%$24.7M$222.8M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0023%1h85,225+0.056%$338K$26.8M52xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,149.9−0.032%$186.9M$955.2M100xas long as short
BingX BTC-USDT+0.0066%8h85,169.5−0.009%$1.56Bas long as short
Aevo BTC-PERP+0.0080%1h85,127.8−0.058%$2.4M$6.7M20xas long as short
Phemex BTCUSDT+0.0080%8h85,143.9−0.039%$148.6M$504.3M150xas long as short
MEXC BTC_USDTshort+0.0084%8h85,176.5−0.001%$5.05B$5.71B500x
Bitget BTCUSDT+0.0084%8h85,177.4+0.001%$2.95B$5.17B150xas long as short
SoDEX BTC-USD+0.0084%1h85,132−0.053%$59.6M$335.8M40xas long as short
Binance BTCUSDT+0.0085%8h85,174.7−0.003%$9.41B$24.82B150xas long as short
Bullet BTC-USD+0.0087%1h85,181.6+0.005%$207K$3.3M20xas long as short
Lighter BTC+0.0096%1h85,178.3+0.002%$171.0M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,181.7+0.006%$23.7M$148.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,176−0.001%$8.3M$55.7M100xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,172−0.006%$116.8M$5.34B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,151−0.030%$239K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,235.2+0.068%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,253+0.089%$3.74B$5.07B40xas long as short
Pacifica BTC+0.0100%1h85,197.7+0.024%$40.1M$595.5M50xas long as short
Bybit BTCUSDT+0.0100%8h85,167.7−0.011%$5.15B$9.93B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,180+0.004%$2.58B$12.17B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,155−0.026%$3.8M$17.6M25xas long as short
Arcus BTC-USD+0.0100%1h85,173.3−0.004%$4.6M$99.2M40xas long as short
Bulk BTC-USD+0.0100%1h85,183.8+0.008%$678.4M$603.6M40xas long as short
Gate BTC_USDT+0.0100%8h85,174.7−0.003%$5.49B$10.93B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,131.3−0.054%$35.9M$174.8M75xas long as short
Variational Omni BTC+0.0100%8h85,111.9−0.076%$154.3M$569.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,133.5−0.051%$278.8M$944.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,147−0.035%$214.0M$168.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,125.3−0.061%$139.1M$315.2M100xas long as short
StandX BTC-USD+0.0100%1h85,180.9+0.005%$30.1M$205.4M40xas long as short
Vest BTC-PERP+0.0100%1h85,236.3+0.070%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,170−0.008%$11.0M$14.4M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,136.2−0.048%$2.5M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,176−0.001%$217K$749K40xas long as short
Derive BTC-PERP+0.0100%1h85,110.1−0.078%$29.9M$49.7M15xas long as short
SunX BTC-USDT+0.0100%8h85,147.9−0.034%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,126−0.060%$2.25B$947.6M200xas long as short
Extended BTC-USD+0.0104%1h85,134−0.050%$45.3M$238.5M50xas long as short
Jupiter Perps WBTC-PERPlongL +0.0104% / S +0.0048%1h85,177long leg$106.8M500x
Reya BTCRUSDPERP+0.0114%1h85,173.2−0.004%$6.6M$147.4M40xas long as short
Deribit BTC-PERPETUAL+0.0131%1h85,168.3−0.010%$872.3M$1.61B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,180.1+0.004%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0180%8h85,169−0.009%$11.3M$744.7M6.4xas long as short
Aftermath Perps BTCUSD+0.0212%1h85,230+0.062%$79K$225K20xas long as short
Hibachi BTC/USDT-P+0.0224%1h85,227.6+0.059%$717K$8.0M30xas long as short
RISEx BTC/USDC+0.0257%1h85,197.9+0.025%$8.6M$43.1M25xas long as short