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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.003%
Price spread now: StandX against Jupiter Perps−0.098%52s7-day average −0.021% · 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)−0.014%−$1 on $10k
Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.098%, 7d avg −0.021%
Together, before fees+0.082%+ Points / potential airdropStandX: Active · farm board+$8 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: StandX is 0.076% cheaper against Jupiter Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps WBTC-PERP86,411.3L +0.0104% / S +0.0048%pay 0.0013% / 1h30m 28s$98.6M500x
ShortStandX BTC-USD86,3270.0100get 0.0013% / 1h30m 28s$30.6M$209.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Jupiter Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: −0.098% → −0.021%
−$7.64
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
−$28.48
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; StandX: 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 StandX live order book, 4 min ago1.04 bp5.1 bp −$56.0 bp −$607.1 bp −$7138.8 bp −$4,388
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−0.0458%1h86,410.7−0.001%$144K$666K40xas long as short
Phoenix BTC−0.0129%1h86,337−0.086%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,381−0.035%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,376.4−0.040%$361K$2.4M50xas long as short
Perpl BTC0.0000%43m86,403.1−0.009%$482K$21.6M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,407.2−0.005%$36.9M200xas long as short
Aster BTCUSDT+0.0022%8h86,364.6−0.054%$500.9M$1.14B200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358−0.062%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0026%1h86,374.9−0.042%$16.9M$20.5M50xas long as short
KuCoin XBTUSDTM+0.0040%8h86,404.2−0.008%$831.2M$720.7M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0045%1h86,359.6−0.060%$6.7M$145.7M40xas long as short
BingX BTC-USDC+0.0050%8h86,359−0.061%$15.3Mas long as short
RISEx BTC/USDC+0.0052%1h86,376.6−0.040%$8.3M$42.5M25xas long as short
Bitget BTCUSDT+0.0063%8h86,359.1−0.060%$2.97B$5.04B150xas long as short
Phemex BTCUSDT+0.0065%8h86,397.2−0.016%$154.4M$473.9M150xas long as short
MEXC BTC_USDT+0.0077%8h86,363.6−0.055%$5.13B$5.70B500xas long as short
Binance BTCUSDT+0.0077%8h86,363.1−0.056%$9.40B$24.29B150xas long as short
HTX BTC-USDT+0.0079%8h86,362.5−0.056%$2.29B$965.0M200xas long as short
Aevo BTC-PERP+0.0080%1h86,365.1−0.053%$2.5M$1.7M20xas long as short
Deribit BTC-PERPETUAL+0.0095%1h86,419.5+0.009%$902.7M$1.51B50xas long as short
Lighter BTC+0.0096%1h86,380.1−0.036%$170.5M$985.7M50xas long as short
Lighter RH BTC+0.0096%1h86,392.8−0.021%$23.7M$149.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,364−0.055%$8.4M$51.9M100xas long as short
SoDEX BTC-USD+0.0098%1h86,374−0.043%$60.4M$338.2M40xas long as short
Katana Perps BTC-USD+0.0100%8h86,346−0.076%$202K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,385.4−0.030%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,375.1−0.042%$22.0M$228.1M50xas long as short
Hyperliquid BTC+0.0100%1h86,442+0.036%$3.79B$5.00B40xas long as short
Pacifica BTC+0.0100%1h86,398.9−0.014%$40.7M$551.7M50xas long as short
Bybit BTCUSDT+0.0100%8h86,370−0.048%$5.26B$9.66B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,374.1−0.043%$2.56B$12.48B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,385−0.030%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h86,390.8−0.024%$7.2M$94.9M40xas long as short
Bulk BTC-USD+0.0100%1h86,348−0.073%$573.1M$19.8M40xas long as short
Gate BTC_USDT+0.0100%8h86,371−0.047%$5.80B$10.54B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,374.6−0.042%$37.5M$157.1M75xas long as short
Variational Omni BTC+0.0100%8h86,377.3−0.039%$158.2M$561.5Mas long as short
edgeX BTCUSDC+0.0100%4h86,352.6−0.068%$278.9M$950.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,334.3−0.089%$216.8M$165.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,356.3−0.064%$141.6M$321.1M100xas long as short
StandX BTC-USDshort+0.0100%1h86,327−0.098%$30.6M$209.6M40x
Vest BTC-PERP+0.0100%1h86,409.2−0.002%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,366−0.052%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,392.7−0.022%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,378.5−0.038%$2.5M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,405.1−0.007%$30.5M$58.1M15xas long as short
SunX BTC-USDT+0.0100%8h86,378.1−0.038%$3.4M$5.2M100xas long as short
Extended BTC-USD+0.0104%1h86,349.7−0.071%$45.9M$222.1M50xas long as short
Jupiter Perps WBTC-PERPlongL +0.0104% / S +0.0048%1h86,411.3long leg$98.6M500x
Coinbase International BTC-PERP-INTX+0.0120%1h86,415+0.004%$132.2M$5.41B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,400.3−0.013%$192.4M$942.3M100xas long as short
Aftermath Perps BTCUSD+0.0166%1h86,401.7−0.011%$77K$217K20xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,433.2+0.025%$711K$7.9M30xas long as short
BloFin BTC-USDT+0.0197%8h86,370.5−0.047%$415.9M$645.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0204% / S −0.0219%1h86,402.7−0.010%$14.5M200xas long as short
Kalshi KXBTCPERP+0.0209%8h86,413+0.002%$10.2M$763.6M6.4xas long as short