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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: ApeX Omni against OKX−0.189%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$210.210% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 7 days+0.183%+$18 · spread now −0.189%, 7d avg +0.007%
Together, before fees+0.200%+$20 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: ApeX Omni is 0.197% cheaper against OKX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BTC-USDT-SWAP85,780.60.0100pay 0.0100% / 8h5h 30m$2.57B$12.15B100x
ShortApeX Omni BTCUSDT85,618.10.0100get 0.0013% / 1h30m 49s$140.2M$316.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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
Price spread: −0.189% → +0.007%
−$19.65
Slippage, 4 orders
−$0.99
Fee OKX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$40.64
Costs to cover
0.210%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.01 bp5.0 bp −$55.0 bp −$505.8 bp −$5797.1 bp −$3,529
Sell ApeX Omni live order book, 3 min ago0.49 bp5.5 bp −$55.5 bp −$557.3 bp −$72938.4 bp −$19.2K

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−0.0160%1h85,662−0.138%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,739−0.048%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,801.8+0.025%$370K$2.3M50xas long as short
BloFin BTC-USDT−0.0033%8h85,805.1+0.029%$417.4M$665.5M150xas long as short
dYdX BTC-USD0.0000%1h85,731.5−0.057%$16.8M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,792.3+0.014%$36.7M200xas long as short
Nado BTC-PERP+0.0009%1h85,800.6+0.023%$22.9M$221.2M50xas long as short
KuCoin XBTUSDTM+0.0011%8h85,790.3+0.011%$919.5M$753.1M125xas long as short
Aster BTCUSDT+0.0020%8h85,807.4+0.031%$517.0M$1.11B200xas long as short
BingX BTC-USDT+0.0054%8h85,781.5+0.001%$1.53Bas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BTCUSDT+0.0068%8h85,770−0.012%$2.96B$5.03B150xas long as short
Reya BTCRUSDPERP+0.0069%1h85,767.5−0.015%$6.7M$146.4M40xas long as short
Bluefin BTC-PERP+0.0069%1h85,828.4+0.056%$197K$722K40xas long as short
Phemex BTCUSDT+0.0070%8h85,800.7+0.023%$148.2M$479.1M150xas long as short
HTX BTC-USDT+0.0076%8h85,807.2+0.031%$2.27B$936.6M200xas long as short
Injective BTC/USDC PERP+0.0079%1h85,578−0.236%$340K$26.9M52xas long as short
Aevo BTC-PERP+0.0080%1h85,802+0.025%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0087%8h85,803.3+0.026%$5.06B$5.62B500xas long as short
Binance BTCUSDT+0.0087%8h85,794.7+0.016%$9.36B$23.94B150xas long as short
SunX BTC-USDT+0.0089%8h85,768.4−0.014%$2.9M$6.1M100xas long as short
Lighter BTC+0.0096%1h85,813.9+0.039%$170.6M$990.4M50xas long as short
Lighter RH BTC+0.0096%1h85,824.1+0.051%$24.0M$148.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,808+0.032%$8.4M$52.0M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,806.4+0.030%$3.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,764−0.019%$197K$7.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,881+0.117%$3.74B$4.99B40xas long as short
Pacifica BTC+0.0100%1h85,780.40.000%$40.6M$573.5M50xas long as short
Bybit BTCUSDT+0.0100%8h85,784.9+0.005%$5.34B$9.60B150xas long as short
OKX BTC-USDT-SWAPlong+0.0100%8h85,780.6long leg$2.57B$12.15B100x
Ondo Perps BTC-USD.P+0.0100%1h85,758−0.026%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h85,735.3−0.053%$7.1M$97.2M40xas long as short
Gate BTC_USDT+0.0100%8h85,789.5+0.010%$5.56B$10.51B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,806.8+0.031%$35.6M$172.3M75xas long as short
Variational Omni BTC+0.0100%8h85,767.3−0.016%$156.3M$548.9Mas long as short
edgeX BTCUSDC+0.0100%4h85,658.9−0.142%$279.6M$930.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,696.8−0.098%$215.2M$166.6M50xas long as short
ApeX Omni BTCUSDTshort+0.0100%1h85,618.1−0.189%$140.2M$316.2M100x
StandX BTC-USD+0.0100%1h85,683.1−0.114%$30.3M$210.4M40xas long as short
Vest BTC-PERP+0.0100%1h85,816.8+0.042%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,782+0.002%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,774.1−0.008%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,787.3+0.008%$2.3M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,780.70.000%$30.0M$50.9M15xas long as short
SoDEX BTC-USD+0.0100%1h85,808+0.032%$60.1M$336.2M40xas long as short
Bulk BTC-USD+0.0100%1h85,614.4−0.194%$621.3M$398.6M40xas long as short
Deribit BTC-PERPETUAL+0.0100%1h85,846.1+0.076%$892.4M$1.53B50xas long as short
Extended BTC-USD+0.0104%1h85,786.4+0.007%$44.1M$227.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,712.4−0.080%$105.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,852.4+0.084%$130.7M$5.12B50xas long as short
RISEx BTC/USDC+0.0120%1h85,802.6+0.026%$8.4M$42.3M25xas long as short
Kraken Futures PF_XBTUSD+0.0138%1h85,836.3+0.065%$189.4M$952.0M100xas long as short
Aftermath Perps BTCUSD+0.0194%1h85,672.4−0.126%$78K$219K20xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0179%1h85,790+0.011%$13.6M200xas long as short
Hibachi BTC/USDT-P+0.0208%1h85,730.6−0.058%$702K$7.8M30xas long as short
Kalshi KXBTCPERP+0.0216%8h85,809+0.033%$10.5M$760.6M6.4xas long as short
Perpl BTC+0.0447%43m85,811.3+0.036%$518K$19.4M6.7xas long as short