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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: SunX against OKX−0.083%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$210.212% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.083%, 7d avg −0.012%
Together, before fees+0.052%+$5 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: SunX is 0.071% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BTC-USDT-SWAP85,252.70.0100pay 0.0100% / 8h13m 03s$2.60B$12.26B100x
ShortSunX BTC-USDT85,182.10.0100get 0.0100% / 8h13m 03s$2.9M$6.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.083% → −0.012%
−$7.07
Slippage, 4 orders
−$3.16
Fee OKX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$28.23
Costs to cover
0.212%
Break-even
never at this rate
Slippage from OKX: live order book, 6 min ago; SunX: live order book, 6 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, 6 min ago0.01 bp5.0 bp −$55.0 bp −$505.9 bp −$5957.2 bp −$3,622
Sell SunX live order book, 6 min ago1.32 bp5.3 bp −$55.8 bp −$587.6 bp −$75516.5 bp −$8,228

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
Hotstuff BTC-PERP−0.0080%1h85,215−0.044%$8K$3K50xas long as short
Phoenix BTC−0.0034%1h85,263+0.012%$2.3M$10.8M40xas long as short
BloFin BTC-USDT−0.0020%8h85,264.5+0.014%$421.4M$686.8M150xas long as short
KuCoin XBTUSDTM−0.0012%8h85,256.2+0.004%$927.6M$777.9M125xas long as short
01 Exchange BTCUSD0.0000%1h85,290.7+0.045%$343K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,281.6+0.034%$36.5M200xas long as short
Aster BTCUSDT+0.0006%8h85,257+0.005%$509.3M$1.09B200xas long as short
dYdX BTC-USD+0.0017%1h85,277.8+0.029%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0026%1h85,279.7+0.032%$185.8M$954.5M100xas long as short
Deribit BTC-PERPETUAL+0.0039%1h85,300.9+0.057%$835.8M$1.67B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0064%8h85,2530.000%$1.58Bas long as short
Injective BTC/USDC PERP+0.0067%1h85,200−0.062%$310K$25.7M52xas long as short
Bybit BTCUSDT+0.0081%8h85,252.70.000%$5.09B$10.04B150xas long as short
Nado BTC-PERP+0.0089%1h85,288.8+0.042%$24.3M$221.1M50xas long as short
ApeX Omni BTCUSDT+0.0091%1h85,192.8−0.070%$139.6M$312.3M100xas long as short
Lighter BTC+0.0096%1h85,278.6+0.030%$168.7M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,278.2+0.030%$23.6M$148.9M50xas long as short
Popdex BTCUSDT+0.0096%1h85,284+0.037%$8.4M$57.7M100xas long as short
Aevo BTC-PERP+0.0096%1h85,270.8+0.021%$2.4M$6.7M20xas long as short
Bitget BTCUSDT+0.0098%8h85,251.1−0.002%$2.97B$5.21B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,258+0.006%$268K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,316.1+0.074%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,350+0.114%$3.78B$5.11B40xas long as short
Pacifica BTC+0.0100%1h85,295.1+0.050%$40.4M$604.7M50xas long as short
Binance BTCUSDT+0.0100%8h85,255.4+0.003%$9.39B$25.17B150xas long as short
OKX BTC-USDT-SWAPlong+0.0100%8h85,252.7long leg$2.60B$12.26B100x
Ondo Perps BTC-USD.P+0.0100%1h85,280+0.032%$3.8M$17.4M25xas long as short
Arcus BTC-USD+0.0100%1h85,288.7+0.042%$4.7M$97.5M40xas long as short
Gate BTC_USDT+0.0100%8h85,260.7+0.009%$5.49B$11.16B200xas long as short
MEXC BTC_USDT+0.0100%8h85,263.9+0.013%$5.02B$5.77B500xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,252.70.000%$36.8M$190.1M75xas long as short
Variational Omni BTC+0.0100%8h85,180.5−0.085%$155.7M$548.1Mas long as short
edgeX BTCUSDC+0.0100%4h85,184.8−0.080%$282.5M$959.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,188.8−0.075%$213.8M$159.8M50xas long as short
StandX BTC-USD+0.0100%1h85,210.2−0.050%$30.0M$212.8M40xas long as short
Vest BTC-PERP+0.0100%1h85,349.4+0.113%$10.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,287+0.040%$10.9M$15.0M50xas long as short
Bullet BTC-USD+0.0100%1h85,287.7+0.041%$196K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,281.7+0.034%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,309.3+0.066%$194K$796K40xas long as short
Derive BTC-PERP+0.0100%1h85,291.5+0.045%$28.9M$45.1M15xas long as short
SunX BTC-USDTshort+0.0100%8h85,182.1−0.083%$2.9M$6.1M100x
SoDEX BTC-USD+0.0100%1h85,270+0.020%$59.7M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h85,270+0.020%$2.25B$973.8M200xas long as short
Phemex BTCUSDT+0.0100%8h85,264.3+0.014%$158.8M$516.1M150xas long as short
Bulk BTC-USD+0.0100%1h85,240−0.015%$693.3M$214.1M40xas long as short
Extended BTC-USD+0.0104%1h85,244.6−0.010%$45.4M$241.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,279+0.031%$106.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,303.3+0.059%$111.7M$5.47B50xas long as short
Reya BTCRUSDPERP+0.0143%1h85,279.4+0.031%$6.6M$142.3M40xas long as short
Kalshi KXBTCPERP+0.0171%8h85,310+0.067%$12.0M$737.8M6.4xas long as short
RISEx BTC/USDC+0.0174%1h85,305.3+0.062%$8.8M$43.0M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0146%1h85,196.3−0.066%$13.0M200xas long as short
Hibachi BTC/USDT-P+0.0256%1h85,270.8+0.021%$694K$7.7M30xas long as short
Aftermath Perps BTCUSD+0.0297%1h85,252.90.000%$81K$245K20xas long as short
Perpl BTC+0.0447%43m85,292.2+0.046%$465K$18.3M6.7xas long as short