Funding arb · Price arb /

BTC

all BTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0085%/8h= +9.4% APRpaid last 24h +0.001%

Price spread now: RISEx against MEXC+0.035%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$110.106% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.035%, 7d avg +0.009%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.027% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	85,485.9	0.0089	pay 0.0089% / 8h	3h 06m	$5.06B	$5.68B	500x
Short	RISEx BTC/USDC	85,516.1	0.0174	get 0.0022% / 1h	6m 04s	$8.7M	$42.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee RISExbpOrdersPrice spread, now +0.035%Rate

Funding earned: $17.95
Price spread: +0.035% → +0.009%: $2.67
Slippage, 4 orders: −$0.63
Fee MEXC: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $9.99
Costs to cover: 0.106%
Break-even: 3.1 days

Slippage from MEXC: live order book, 3 min ago; RISEx: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.2 bp −$219	2.6 bp −$1,292
Sell RISEx live order book, 3 min ago	0.01 bp	3.0 bp −$3	3.0 bp −$30	10.5 bp −$1,052	doesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix BTC	−0.0140%	1h	85,444	−0.049%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,476	−0.012%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0046%	8h	85,469.7	−0.019%	$919.7M	$758.0M	125x	as long as short
BloFin BTC-USDT	−0.0030%	8h	85,445.5	−0.047%	$419.8M	$675.5M	150x	as long as short
Aster BTCUSDT	−0.0011%	8h	85,475.7	−0.012%	$514.6M	$1.10B	200x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	85,501.1	+0.018%	$364K	$2.3M	50x	as long as short
Perpl BTC	0.0000%	43m	85,459.9	−0.030%	$502K	$18.7M	6.7x	as long as short
Nado BTC-PERP	+0.0003%	1h	85,480.7	−0.006%	$24.4M	$223.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,493.8	+0.009%	$36.5M	—	200x	as long as short
dYdX BTC-USD	+0.0026%	1h	85,495.7	+0.011%	$16.8M	$21.2M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0044%	1h	85,552	+0.077%	$340K	$26.9M	52x	as long as short
SoDEX BTC-USD	+0.0048%	1h	85,482	−0.005%	$59.9M	$335.9M	40x	as long as short
Phemex BTCUSDT	+0.0060%	8h	85,481.6	−0.005%	$148.8M	$498.0M	150x	as long as short
BingX BTC-USDC	+0.0063%	8h	85,471.7	−0.017%	—	$17.1M	—	as long as short
Bitget BTCUSDT	+0.0079%	8h	85,484.9	−0.001%	$2.95B	$5.12B	150x	as long as short
Deribit BTC-PERPETUAL	+0.0085%	1h	85,525.9	+0.047%	$872.4M	$1.60B	50x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,470.8	−0.018%	$3.0M	$4.4M	20x	as long as short
MEXC BTC_USDTlong	+0.0089%	8h	85,485.9	long leg	$5.06B	$5.68B	500x
Binance BTCUSDT	+0.0090%	8h	85,486	0.000%	$9.45B	$24.49B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,496.2	+0.012%	$171.8M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,495.4	+0.011%	$23.9M	$149.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,480	−0.007%	$8.4M	$55.1M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,464	−0.026%	$227K	$8.4M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,530.7	+0.052%	$5.7M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,567	+0.095%	$3.79B	$5.03B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,517.3	+0.037%	$40.4M	$590.4M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,482.6	−0.004%	$5.18B	$9.86B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,498.3	+0.015%	$2.59B	$12.12B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,452	−0.040%	$3.8M	$17.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,481.6	−0.005%	$4.7M	$99.4M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,455.5	−0.036%	$679.5M	$683.6M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,490.9	+0.006%	$5.53B	$10.86B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,474.8	−0.013%	$36.4M	$178.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,465	−0.024%	$154.3M	$564.7M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,434.2	−0.060%	$279.1M	$931.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,433.9	−0.061%	$214.5M	$169.0M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,466.3	−0.023%	$139.7M	$316.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,437.6	−0.057%	$30.2M	$206.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,537	+0.060%	—	$11.0M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,482	−0.005%	$11.1M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,474	−0.014%	$205K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,471.9	−0.016%	$2.5M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,522.6	+0.043%	$207K	$737K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,462.7	−0.027%	$30.0M	$50.4M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,456.8	−0.034%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,465.6	−0.024%	$2.26B	$950.0M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,463.1	−0.027%	$45.7M	$234.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,505.6	+0.023%	—	$106.6M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,520.9	+0.041%	$117.9M	$5.27B	50x	as long as short
Reya BTCRUSDPERP	+0.0105%	1h	85,467.2	−0.022%	$6.6M	$147.2M	40x	as long as short
Kraken Futures PF_XBTUSD	+0.0135%	1h	85,503.3	+0.020%	$188.0M	$957.1M	100x	as long as short
Kalshi KXBTCPERP	+0.0155%	8h	85,512	+0.031%	$11.4M	$752.5M	6.4x	as long as short
RISEx BTC/USDCshort	+0.0174%	1h	85,516.1	+0.035%	$8.7M	$42.9M	25x
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,492.7	+0.008%	$13.0M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0232%	1h	85,492.3	+0.007%	$700K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0247%	1h	85,490.4	+0.005%	$78K	$223K	20x	as long as short