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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: HTX against Ondo Perps+0.007%7-day average −0.016% · you sell dearer than you buy
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 7 days−0.075%−$8 on $10k
Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.007%, 7d avg −0.016%
Together, before fees−0.118%+ Points / potential airdropOndo Perps: Active · farm board−$12 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: HTX is 0.023% dearer against Ondo Perps than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps BTC-USD.P85,2880.0100pay 0.0013% / 1h4m 23s$3.8M$17.3M25x
ShortHTX BTC-USDT85,2940.0100get 0.0100% / 8h4m 23s$2.25B$973.9M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Ondo 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
Price spread: +0.007% → −0.016%
$2.3
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$14.7
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; HTX: 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 Ondo Perps no order-book sample
Sell HTX live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.5 bp −$6469.6 bp −$4,815
Ondo 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
Hotstuff BTC-PERP−0.0080%1h85,295+0.008%$8K$3K50xas long as short
Phoenix BTC−0.0034%1h85,306+0.021%$2.3M$10.8M40xas long as short
BloFin BTC-USDT−0.0020%8h85,294.8+0.008%$421.8M$685.3M150xas long as short
KuCoin XBTUSDTM−0.0006%8h85,279.8−0.010%$928.1M$776.9M125xas long as short
01 Exchange BTCUSD0.0000%1h85,291.4+0.004%$345K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,289.1+0.001%$36.5M200xas long as short
Aster BTCUSDT+0.0015%8h85,278.9−0.011%$502.6M$1.09B200xas long as short
dYdX BTC-USD+0.0019%1h85,277.8−0.012%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0026%1h85,309.8+0.026%$186.2M$954.3M100xas long as short
Injective BTC/USDC PERP+0.0067%1h85,296+0.009%$311K$25.9M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0067%8h85,282.1−0.007%$1.58Bas long as short
Bybit BTCUSDT+0.0087%8h85,283.7−0.005%$5.09B$10.03B150xas long as short
ApeX Omni BTCUSDT+0.0092%1h85,259−0.034%$138.0M$312.7M100xas long as short
Nado BTC-PERP+0.0094%1h85,296.2+0.010%$24.0M$221.5M50xas long as short
Lighter BTC+0.0096%1h85,299.1+0.013%$169.4M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,299.3+0.013%$23.6M$149.2M50xas long as short
Popdex BTCUSDT+0.0096%1h85,294+0.007%$8.4M$57.8M100xas long as short
Aevo BTC-PERP+0.0096%1h85,280.9−0.008%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,257−0.036%$266K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,342.6+0.064%$5.7M$9.6M50xas long as short
Pacifica BTC+0.0100%1h85,307.9+0.023%$40.0M$605.4M50xas long as short
Binance BTCUSDT+0.0100%8h85,284.4−0.004%$9.39B$25.17B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,282.3−0.007%$2.60B$12.26B100xas long as short
Ondo Perps BTC-USD.Plong+0.0100%1h85,288long leg$3.8M$17.3M25x
Arcus BTC-USD+0.0100%1h85,299.1+0.013%$4.6M$97.7M40xas long as short
Bulk BTC-USD+0.0100%1h85,256−0.038%$695.2M$190.7M40xas long as short
Gate BTC_USDT+0.0100%8h85,279−0.011%$5.46B$11.18B200xas long as short
MEXC BTC_USDT+0.0100%8h85,284.4−0.004%$5.03B$5.78B500xas long as short
Bitget BTCUSDT+0.0100%8h85,279.1−0.010%$2.97B$5.20B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,295.4+0.009%$36.7M$191.2M75xas long as short
Variational Omni BTC+0.0100%8h85,262.8−0.030%$155.2M$549.3Mas long as short
edgeX BTCUSDC+0.0100%4h85,243.5−0.052%$282.7M$958.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,269.1−0.022%$214.0M$159.3M50xas long as short
StandX BTC-USD+0.0100%1h85,298+0.012%$30.1M$215.4M40xas long as short
Vest BTC-PERP+0.0100%1h85,360.9+0.085%$10.3M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,290+0.002%$10.9M$15.0M50xas long as short
Bullet BTC-USD+0.0100%1h85,308.1+0.024%$198K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,286.4−0.002%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,327.6+0.046%$193K$796K40xas long as short
Derive BTC-PERP+0.0100%1h85,301.3+0.016%$28.8M$47.0M15xas long as short
SunX BTC-USDT+0.0100%8h85,260.3−0.032%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,295+0.008%$59.7M$336.5M40xas long as short
HTX BTC-USDTshort+0.0100%8h85,294+0.007%$2.25B$973.9M200x
Phemex BTCUSDT+0.0100%8h85,299+0.013%$158.7M$516.3M150xas long as short
Extended BTC-USD+0.0104%1h85,260.7−0.032%$45.7M$241.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,305.1+0.020%$106.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,338+0.059%$111.6M$5.47B50xas long as short
Hyperliquid BTC+0.0120%1h85,370+0.096%$3.79B$5.11B40xas long as short
Reya BTCRUSDPERP+0.0144%1h85,275.8−0.014%$6.6M$141.5M40xas long as short
Deribit BTC-PERPETUAL+0.0161%1h85,337.3+0.058%$834.8M$1.66B50xas long as short
Kalshi KXBTCPERP+0.0173%8h85,321+0.039%$12.0M$737.5M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0147%1h85,284−0.005%$13.0M200xas long as short
RISEx BTC/USDC+0.0174%1h85,307+0.022%$8.8M$43.0M25xas long as short
Aftermath Perps BTCUSD+0.0291%1h85,289.9+0.002%$81K$250K20xas long as short
Hibachi BTC/USDT-P+0.0296%1h85,350.7+0.074%$682K$7.8M30xas long as short
Perpl BTC+0.0447%43m85,311.5+0.028%$466K$18.4M6.7xas long as short