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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.014%
Price spread now: SoDEX against Jupiter Perps−0.105%7-day average −0.014% · 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)−0.033%−$3 on $10k
Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.105%, 7d avg −0.014%
Together, before fees+0.064%+$6 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: SoDEX is 0.091% cheaper against Jupiter Perps than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps WBTC-PERP85,363.9L +0.0104% / S +0.0048%pay 0.0013% / 1h49m 15s$106.9M500x
ShortSoDEX BTC-USD85,2740.0100get 0.0013% / 1h49m 15s$59.7M$336.9M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: −0.105% → −0.014%
−$9.09
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$29.93
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; SoDEX: 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 SoDEX live order book, 5 min ago0.06 bp4.1 bp −$44.1 bp −$414.9 bp −$48642.6 bp −$21.3K
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
Phoenix BTC−0.0082%1h85,370+0.007%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,326−0.044%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0048%8h85,280.3−0.098%$925.6M$772.3M125xas long as short
BloFin BTC-USDT−0.0024%8h85,283.2−0.095%$421.4M$683.3M150xas long as short
Aster BTCUSDT−0.0010%8h85,279.4−0.099%$512.6M$1.09B200xas long as short
dYdX BTC-USD0.0000%1h85,343.9−0.023%$16.7M$21.5M50xas long as short
01 Exchange BTCUSD0.0000%1h85,309−0.064%$354K$2.4M50xas long as short
Perpl BTC0.0000%43m85,315.7−0.056%$526K$18.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,302.6−0.072%$36.5M200xas long as short
ApeX Omni BTCUSDT+0.0025%1h85,333.8−0.035%$139.5M$314.5M100xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0042%1h85,285−0.093%$24.5M$222.6M50xas long as short
Injective BTC/USDC PERP+0.0057%1h85,405+0.048%$339K$26.8M52xas long as short
BingX BTC-USDT+0.0070%8h85,305.5−0.068%$1.56Bas long as short
Bitget BTCUSDT+0.0088%8h85,300.1−0.075%$2.95B$5.18B150xas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,288.8−0.088%$186.8M$956.2M100xas long as short
Phemex BTCUSDT+0.0095%8h85,291−0.085%$149.9M$508.7M150xas long as short
MEXC BTC_USDT+0.0095%8h85,301.4−0.073%$4.99B$5.73B500xas long as short
Binance BTCUSDT+0.0096%8h85,277.5−0.101%$9.42B$24.99B150xas long as short
Lighter BTC+0.0096%1h85,290.8−0.086%$170.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,294−0.082%$23.6M$147.4M50xas long as short
Popdex BTCUSDT+0.0096%1h85,304−0.070%$8.3M$56.0M100xas long as short
Aevo BTC-PERP+0.0096%1h85,273.5−0.106%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,276−0.103%$238K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,361.4−0.003%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,375+0.013%$3.74B$5.09B40xas long as short
Pacifica BTC+0.0100%1h85,333−0.036%$39.9M$602.6M50xas long as short
Bybit BTCUSDT+0.0100%8h85,300.4−0.074%$5.14B$9.99B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,305.3−0.069%$2.59B$12.25B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,350−0.016%$3.8M$17.2M25xas long as short
Arcus BTC-USD+0.0100%1h85,300.1−0.075%$4.6M$98.7M40xas long as short
Gate BTC_USDT+0.0100%8h85,287.9−0.089%$5.50B$10.96B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,291.7−0.085%$36.7M$179.2M75xas long as short
Variational Omni BTC+0.0100%8h85,300.3−0.075%$155.0M$558.9Mas long as short
edgeX BTCUSDC+0.0100%4h85,312.4−0.060%$279.5M$951.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,305.3−0.069%$214.1M$167.2M50xas long as short
StandX BTC-USD+0.0100%1h85,345−0.022%$30.1M$205.6M40xas long as short
Vest BTC-PERP+0.0100%1h85,360.6−0.004%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,284−0.094%$11.0M$14.5M50xas long as short
Bullet BTC-USD+0.0100%1h85,292−0.084%$204K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,287−0.090%$2.6M$9.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,313.2−0.059%$193K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,257.9−0.124%$29.9M$47.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,277.1−0.102%$2.9M$6.1M100xas long as short
SoDEX BTC-USDshort+0.0100%1h85,274−0.105%$59.7M$336.9M40x
HTX BTC-USDT+0.0100%8h85,275.4−0.104%$2.25B$968.7M200xas long as short
Bulk BTC-USD+0.0100%1h85,294.8−0.081%$682.6M$475.0M40xas long as short
Extended BTC-USD+0.0104%1h85,251.5−0.132%$44.6M$240.8M50xas long as short
Jupiter Perps WBTC-PERPlongL +0.0104% / S +0.0048%1h85,363.9long leg$106.9M500x
Coinbase International BTC-PERP-INTX+0.0104%1h85,314−0.058%$116.9M$5.46B50xas long as short
Reya BTCRUSDPERP+0.0124%1h85,279.8−0.099%$6.6M$147.6M40xas long as short
Deribit BTC-PERPETUAL+0.0132%1h85,324.4−0.046%$864.7M$1.63B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0152%1h85,300−0.075%$13.0M200xas long as short
RISEx BTC/USDC+0.0193%1h85,325.1−0.046%$8.7M$43.2M25xas long as short
Kalshi KXBTCPERP+0.0196%8h85,314−0.058%$11.5M$742.8M6.4xas long as short
Hibachi BTC/USDT-P+0.0240%1h85,327.4−0.043%$689K$8.0M30xas long as short
Aftermath Perps BTCUSD+0.0249%1h85,359.6−0.005%$79K$229K20xas long as short